The Federal Energy Regulatory Commission acted today to remedy undue discrimination and ensure just and reasonable rates for providers of a service that organized wholesale power market operators use to balance supply and demand and ensure the reliability of their systems.
In a speech at the National Press Club, U.S Energy Secretary Steven Chu said that the success of China and other countries in clean energy industries represents a new "Sputnik Moment" for the United States, and requires a similar mobilization of America's innovation machine so that we can compete in the global race for the jobs of the future.
A principal and utility practice leader at The Brattle Group has estimated that $50 to $100 billion in transmission investment will be needed in order to integrate renewable power onto the existing electricity grid.
Good Energies, a global investor in renewable energy and energy efficiency industries, has announced an investment in the Atlantic Wind Connection backbone transmission project, alongside Google and Marubeni Corp.
The U.S. Department of Energy has announced a series of partnerships and other initiatives to address clean energy and energy security in the Western Hemisphere as part of the Energy and Climate Partnership of the Americas.
The wire and cable business has always been a tough neighborhood to live in during a recession, but potential sales opportunities in renewables, nuclear power and the upgrade of the global electrical grid may be just around the corner. (See article in Electrical Wholesaling)
With the crisis unfolding at the Fukushima Daiichi nuclear plant, it is too soon to draw final conclusions. But watching the struggle to bring the site under control, we cannot help but wonder: What exactly is going on, and what lessons might be learned?
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