EPA delays CO2 regulation in favor of biomass, GE to buy Lineage Power and the Chinese government plans to install 10 Million EV parking spots.
EPA Delays CO2 Regulation in Favor of Biomass
The Environmental Protection Agency (EPA) has postponed its decision to require permits for the CO2 emissions resulting from biomass-fired electricity. The agency will deliver its final verdict after a three-year delay. Previously, the EPA passed a regulation stating that biomass would be treated as equal to coal burning under the greenhouse gas permit laws. Critics of the legislation expressed concern that biomass companies would merely shift their focus to non-domestic markets where such a permit was not required. Now, the agency claims that it will defer permit questions for CO2 emissions via biogenic sources for three years during which it will focus on research and scientific analysis of the issue. The Biomass Thermal Energy Council greeted decision warmly and reiterated the importance of using locally produced biomass fuel as a renewable energy source.
GE to Buy Lineage Power
General Electric plans to acquire Lineage Power Holdings for $520 million in anticipation of the growing trend where businesses invest heavily in communication technology. Lineage designs and manufactures technology used to convert alternating to direct currents in systems that run in power plants, data centers, networks, and airplanes. The company stated that its technology in a data center can reduce energy costs by up to 70 percent by prioritizing sustainable energy sources and allowing power systems to respond to smart grid information to reduce energy consumption during peak demand periods.
Chinese Government Plans to Install 10 Million EV Parking Spots
China is once again taking the lead with renewable policy. The government announced its plan to install 10 million parking spots for electric vehicle charging by 2020. The initiative is a crucial step to ensure the adoption of electric vehicles in China. The government expects EV production to hit one million units by 2020 by selling all-electric cars rather than hybrids.
European Wind Market Gets a Boost
As the continent struggled with a stagnating economy and rising debt, European officials signed an agreement securing an ambitious renewable energy capacity. The Northsea Countries Offshore Grid Initiative Memorandum of Understanding ensures that market conditions and the proper infrastructure are available so that gigawatts of renewable offshore wind energy can be connected to the grid. Such a supergrid will bring energy where it is in most demand and will be essential for the development of Northern Europe’s offshore wind industry. The memorandum aims to promote cooperation in the building of the offshore market though unresolved issues such as who will own and operate the grid and who will pay for it remain.
ReneSola’s New Multicrystalline Wafer Offers Better Efficiency
ReneSola has created a new multicrystalline wafer to improve solar cell efficiency. Dubbed the Virtus Wafer, the device improves efficiency by one percent for an average conversion efficiency of 17.5 percent. Multiple solar cell manufacturers have endorsed the Virtus Wafer for its quality. ReneSola is a producer of solar products based in China with an international clientele.
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