SAS Institute, Inc. – a North Carolina-Based technology company – has joined big names like
Apple, Facebook, and Google in a growing chorus of high-profile tech firms urging lawmakers to protect North Carolina’s burgeoning clean energy economy.
SAS told state lawmakers in a recent letter: “Technology companies value North Carolina’s existing energy policies, which enable us to operate and grow our businesses in a sustainable manner.”
At stake is North Carolina’s Renewable Energy Portfolio Standard (REPS), which requires utilities to get 12.5 percent of their energy from sources such as solar and wind by 2021.The REPS and other thoughtful clean energy policies have helped create new markets that are attracting investments, building businesses, and creating jobs. The results are impressive.
North Carolina’s clean energy industry is growing
Today, North Carolina’s clean energy industry includes more the 1,200 firms providing nearly 23,000 jobs. In 2014, the industry generated nearly $5 billion in gross revenues for the state’s economy.
Much like North Carolina’s world-class university system, the growing clean energy economy makes the state an attractive choice for business leaders who are looking for the right place to invest and grow their businesses. Read More
By: Peter Sopher, policy analyst, clean energy, and Sarah Ryan, clean energy consultant
Over the past century, the electric grid in the United States has experienced only minor changes. There is evidence, however, the power sector is changing. We are moving away from traditional coal generation and toward alternative, cleaner energy sources. And despite our state being primarily known for oil and gas, Texas is no exception.
In fact, Texas’ electricity sector has been trending cleaner over the past decades, driven by deregulation of the electricity market, the development of the massive highway of transmission lines built to carry West Texas wind to cities throughout the state – the Competitive Renewable Energy Zone (CREZ), and technological progress. Basically, once the market was opened up to competition, the more economic options – which also happen to be cleaner – began to gain a foothold. And there’s no stopping this train.
Where we are and where we’re going
To start, the declining use of fossil fuels to power our lives is perhaps the most significant change in Texas. As shown in Figure 1 below, fossil fuels’ (coal and gas’) proportion of the state’s electricity generation mix shrunk from 88 percent in 2002 to 82 percent in 2013. Read More
All around the country, we are seeing signs of innovation when it comes to the electricity industry. The state of New York is performing a comprehensive review of related technologies and business practices, Illinois is modernizing the electric grid and empowering customers to save energy by creating transparency around smart meter data, and the wind industry in Texas continues to set new records. The U.S. grid is truly beginning to evolve from the system Thomas Edison created 100 years ago, moving toward a more flexible grid that runs on clean, renewable resources.
Yet some players – with significant revenue and power – are not on board. FirstEnergy, the Akron-based utility giant, has been clinging to the past and waging war on clean energy in Ohio, as I explain in my op-ed published today in the Akron Beacon Journal. The Beacon Journal is the hometown newspaper of FirstEnergy’s headquarters. Read More
Last week’s papal encyclical on climate change galvanized those of us who already see responsible stewardship for the earth as both a moral mandate and business imperative. In the 184-page document, Pope Francis calls for a sweeping overhaul of political, economic, and individual practices to halt the degradation of the environment and protect our planet for the long term.
The pope's sweeping vision is sure to prompt churches, people of faith, and a whole range of organizations to rethink their actions with regard to use of energy, water, and other natural resources. But already, religious organizations have been working quietly and steadily to effectively manage their environmental impact, in keeping with the established theological tradition of moral economic development and use of resources.
Take Gene Murphy of Prescott, Arizona, as a prime example of someone sitting at the intersection of religion, sustainability, and business. As the business manager for the Sacred Heart Parish in the Diocese of Phoenix, Gene has developed scalable solutions for his church and school that could and should be replicated across all churches, schools and relevant organizations. Read More
By: Nancy E. Pfund, Managing Partner of DBL Investors, and Anand Chhabra, former Summer Associate at DBL Investors and current JD/MBA Candidate at Stanford University
Does more renewable energy mean more expensive electricity? In the nation’s debate on energy, few questions are more important to American families and businesses.
Many critics of renewables allege skyrocketing electricity prices and economic crisis, owing to growing reliance on renewables. This commentary has emphasized “exploding electricity prices,” an “attack on any state’s economy,” and “gouging job creators and American families with higher electricity bills.”
In our report, Renewables Are Driving Up Electricity Prices – Wait What?, we address this concern directly by assessing average retail electricity prices in the U.S., with a particular focus on whether states rely a lot or a little on renewables. What we discovered is that many of the fears espoused by critics of renewable energy are overblown. Read More