Philadelphia begins EnergyWorks program, Coolerado receives new round of funding, and White House launches the Home Energy Score Pilot Program.
Mayor Michael Nutter of Philadelphia and the members of the Metropolitan Caucus announce the launch of a new EnergyWorks program and website that will offer low-interest loans to property owners to finance energy efficient improvements. The program offers incentives to homeowners such as free home assessments to encourage conversion to more energy efficient practices. The project will also create jobs to ease the uemployment rate in the Philadelphia area. EnergyWorks is supported by a $25 million grant from the DOE’s Better Buildings Program.
Coolerado, a Denver company that manufactures energy efficient air conditioning systems, announced the capture of a $7.2 million investment, according to SEC filings. The investment was led by New World Capital Group and Spring Mountain Capital. Coolerado, established in 2004, designs and markets energy efficient cooling systems that can save their consumers almost 90% in electricity bills. Their air conditioners do not recirculate air; instead, they use thermodynamics and water as their cooling fuel. Additional units can also work using solar power.
Vice President Joe Biden and Department of Energy Secretary Stephen Chu announced the launch of the White House’s Home Energy Score pilot program. The program offers homeowners information regarding their home’s energy efficiency. Each home is rated with a score ranging from one to ten that will show the homeowner how their property compares to neighboring homes. There will be customized solutions that will help individuals curb energy costs and reduce their energy consumption, while ensuring that their lifestyle remains intact. The program is set to rate homes in ten pilot locations nationwide.
GlaxoSmithKline, a renowned pharmaceutical company, is now building North America’s largest rooftop solar array on their York distribution center in Pennsylvania. The solar array will be equivalent to seven football fields, spanning 360,000 square feet. The 11,000 solar panels will generate enough energy to completely power the building. At the completion of the project next month, the company will apply similar principles for its Fresno, California distribution centers. These plans bring GlaxoSmithKline one stride closer to their goal to reduce energy consumption by 45 percent of their 2006 levels by 2015.
Alternative energies intend to reduce global warming. However, according to climate researchers, rising temperatures currently are decreasing wind speeds, hindering the adoption of wind energy. Winds are maintained by a temperature gradient; that means the stronger the contrast in the temperature, the stronger the gusts. However, as global temperatures rise, the difference between lower latitudes
and poles decreases and the poles are warming up faster. As the contrast in temperatures becomes weaker, wind speeds suffer as well. These findings, recently published, make investment in wind power a questionable alternative because according to researchers, even a 2-4 degree Celsius increase in temperatures in the mid to high-latitude regions would result in up to 12 percent lower wind speeds.
Tags: air conditioning, Coolerado, daily energy news, daily energy report, department of energy, energy efficiency, energy news, energy report, EnergyWorks, Home Energy Score, HVAC, Joe Biden, Mayor Michael Nutter, Philadelphia, Steven Chu, Vice President