With Hollywood seed funding, startup is testing abandoned oil and gas wells as grid-scale energy storage solution for wind and solar generation “Our goal is to get to a cost point that’s potentially lower by a factor of about ten times than the batteries that you read about in the popular media, especially from companies like Tesla,” Aaron Mandell, Quidnet
Natural gas continues to grow The Energy Information Administration (EIA) expects natural gas to account for 31% of electricity generation by fuel type by 2040. In the EIA’s Annual Energy Outlook (AEO) 2015, the administration predicts that the percentage of electricity of generated from natural gas will gain 4% of the market share on top of its existing 27% share
Dong Energy takes over a U.S. offshore wind development project Denmark’s Dong Energy recently entered into an agreement with U.S. renewable energy company RES Americas Developments to take over an offshore wind energy development project off the coast of Massachusetts. The lease covers an area that could accommodate more than 1,000 MW of wind energy, according to the company’s press
Comment Period Ends Mar. 17, 2015 Remember the Northern Spotted Owl? It was a bird living in the Pacific northwest that was awarded the U.S. Fish and Wildlife Service’s “Threatened Species” designation in 1990. Vast swaths of timber were classified off limits to harvest. That action drove lumber prices to new levels of volatility, costing homebuilders and buyers of new homes
Department of Interior looking to triple federal offshore acreage for wind development In a press release on Monday, the Department of Interior announced that more than 742,000 acres offshore Massachusetts will be offered for commercial wind energy development in a January 29, 2015, competitive lease sale. According to an analysis prepared by the U.S. Department of Energy’s National Renewable Energy
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