Renewable Heating and Cooling Decreed in Massachusetts
The state of Massachusetts just passed a new bill requiring utilities to procure renewable heating and cooling credits to meet its alternative energy portfolio standards. Still waiting for Governor Patrick’s signature, the renewable thermal bill awards alternative energy credits (AEC’s) to heating and cooling that is created with renewable technologies. The estimated total value of AEC’s in the state will be between $12 and 30 million. Once signed, the law is seen to be in effect on January 2015.
Sharp Focuses on Energy Storage After Overhauling Solar Business
Sharp Corp., the Japanese company that stopped making solar panels in the U.K and U.S., introduced its SmartStorage energy management system for industrial and commercial buildings last month in California and will be rolled out in other states later this year. The system, which uses lithium ion batteries, can be used on its own or combined with solar panels. The Osaka-based company says that the product can cut the amount of electricity billed at the highest required capacity because of its ability to forecast power usage patterns, thereby allowing for better management during peak demand.
El Nino Rains May Not Refill Brazil’s Key Hydropower Dams
The drenching El Nino rains that are causing floods in Brazil’s south will probably miss the nation’s most important dams, which is now at historic lows as the country endures its worst drought in eight decades. The weather phenomena may not travel far enough north, where 70 percent of the country’s hydropower capacity is located, says weather forecasters Climatempo and Somar Meteorologia. This would mean that the government will probably be forced to continue using costly thermoelectric plants to avoid blackouts.
D.S. Kulkarni Developers Ltd., an Indian real-estate company, is planning on building 100 megawatts of solar capacity within 5 years to lock in rising electricity costs. Chairman and Managing Director D.S. Kulkarni said that they will invest 9 billion rupees ($148) in the project, which will be constructed in central Madhya Pradesh state. The Pune-based firm expects to generate electricity at about 5.5 rupees per kilowatt-hour during the 25-year lifetime of the project, which is as little as half the commercial power levy that the company is paying now. Construction on the first 34- megawatts will begin this year.