EERE Network News
May 07, 2008
News and Events
The very wind that devastated Greensburg, Kansas, a year ago will soon provide the city with much of its electricity. With help from DOE, the city is now an example of energy efficient building and city-owned wind power.
DOE announced on April 30th that it would invest up to $60 million in projects that focus on the research and development or demonstration of advanced concentrating solar power technologies. DOE anticipates that 10 to 25 industries or academic institutions will be chosen to receive this funding over the next five years.
DOE announced on May 5 that it will make up to $7.5 million available to U.S. industries and universities to support the research and development of advanced water power systems, including systems that draw on free-flowing water; ocean waves, tides, or currents; and other water-based resources.
A new Ohio law requires the state's utilities to draw on renewable or "advanced" energy for 25% of their electricity supply by 2025, with renewable energy meeting at least half of that requirement. The new law also requires utilities to establish energy efficiency and demand reduction programs.
The Long Island Power Authority is offering to buy solar electricity from developers under long-term contracts. The New York utility is offering to buy power from up to 50 megawatts of solar photovoltaic systems, making the project the largest block of solar energy in the state.
New Jersey's Public Service Electric and Gas Company is now offering loans to cover roughly half the cost of solar photovoltaic systems installed in its service territory. The $105 million in loans will be enough to finance 30 megawatts of solar power.
Crude oil prices reached $120 per barrel in April, and DOE's Energy Information Administration (EIA) now believes that oil prices will average $110 per barrel for the year as a whole. The EIA expects gasoline prices to reach a peak of $3.73 per gallon in June, while diesel fuel prices will be even higher.