Energy Technology News

On September 11th, Tesla announced the opening of Supercharger stations in downtown Boston and Chicago, representing the first step in the company’s effort to expand its Supercharger network into urban areas. The company currently operates 951 Supercharger stations worldwide, primarily along major highways to provide quick recharging on long trips. By bringing the network of charging stations into city centers, Tesla hopes to service growing demand among urban dwellers without immediate access to home or workplace charging.

Continue Reading Tesla Bringing Supercharger Stations to Boston and Chicago

On August 23, the Baker-Polito Administration awarded $455,000 in grants to seven early-stage researchers and companies developing clean energy technologies as part of the Massachusetts Clean Energy Center’s (MassCEC) Catalyst program.

Continue Reading Baker-Polito Administration Awards $455,000 in Grants to Clean Energy Innovators

In early April 2017, the Massachusetts Department of Energy Resources (DOER) partnered with investor-owned electric distribution companies across the state to jointly issue a request for proposals (RFP) for renewable energy generation. The mission of the RFP is to ultimately help the state meet goals outlined by energy diversity legislation signed into law by Governor Charlie Baker in August 2016. By the time the initial deadline closed on July 27th, the state had received nearly four dozen bids for a contract to add more renewable power to its energy portfolio.

Continue Reading Massachusetts Receives Nearly Four Dozen Bids in Response to Request for Proposals for Renewable Energy Generation

This month’s Washington Update offers an extensive overview of the major legislation that has recently been introduced on Capitol Hill, as well as the big takeaways from this month’s congressional hearings related to energy policy. We also examine the ramifications of President Trump’s decision to withdraw the United States from the Paris Agreement, and highlight the Department of Energy’s latest funding announcements for three research and development projects.

Continue Reading June Washington Update

This month’s Washington Update provides insight into a number of energy-related developments at the federal level, including President Trump’s recently proposed budget for Fiscal Year 2018, the Senate’s failed efforts to turn back the Obama administration’s methane rule, and several pieces of legislation related to energy efficiency.

Continue Reading May Washington Update

Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy. This is the fifth and final installment of the series. Click to read Part 1, Part 2, Part 3, and Part 4.

The final AEE webinar topic highlighted the important role policy plays in driving the advanced energy market. Panelist Malcolm Woolf noted that President Trump’s recent Executive Order overturning the Clean Power Plan conveys how policy can affect the market. While market forces are on the side of advanced energy, there are several policy levers that AEE believes will be significant drivers to future growth. These include:

  • opening wholesale markets to the energy industry;
  • meeting corporate demand for advanced energy;
  • continued evolution of the utility business model;
  • bipartisan opportunities at the state level.

To listen to the full webinar, click here.

Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy. This is the fourth installment of the series. Click to read Part 1, Part 2, and Part 3.

Throughout AEE’s webinar, panelists broke down the trends within growth of the advanced energy markets and presented the key takeaways from the AEE report. Most notably, building efficiency is the largest segment of advanced energy revenue in the U.S., reaching almost $70 billion in 2016. This represents more than a third of advanced energy in the U.S., and is up 64% since 2011. Panelist Kevin Self noted that buildings consume about 41% of U.S. energy, so energy efficiency remains the most cost effective way to control spending. Other notable growth trends include:

  • Wind has remained steady, producing roughly $14 billion in revenues in both 2015 and 2016. This a good pattern compared to earlier fluctuations due to uncertainty with production tax credits. The extension and renewal of this tax credit creates the ability for the wind industry to develop at a steadier place.
  • Solar continues to boom, reaching $25 billion in U.S. revenue last year—up 30% since 2015 and tripling since 2011. Panelist Paul Kaleta emphasized that solar energy is firmly at the forefront of energy transformation in the U.S., and is now economically competitive with fossil fuels.
  • Energy storage is up 54% in 2016, at nearly half a million dollars in revenue.
  • Electric vehicles also exhibited strong growth at 48%, with U.S. Plug-in Electric Vehicle (PEV) revenue at $7.8 billion in 2016. Panelist Zachary Kahn also advised that we can expect to see the use of electric buses grow exponentially in the U.S. over the next 5-10 years.

Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy. This is the third installment of the series. Click to read Part 1 and Part 2.

The Department of Energy published its Second Annual U.S. Energy and Employment Report, capturing statistics on jobs supported by advanced energy. Panelist Phil Jordan discussed this report, which shows that advanced energy is a major U.S. employer with 3.3 million workers employed in 2016. About 2/3 of these jobs are in energy efficiency, while about 1 in 5 are in advanced energy generation. Jordan advised listeners to keep an eye on this growth, as increasing efficiency and size in advanced energy companies will lead to continued labor increases through the supply chain.

To listen to the full webinar, click here.

Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy. This is the second installment of the series. To read Part 1, click here.

AEE’s Webinar on the State of Advanced Energy was moderated by Robert Keough, Vice President of Communications at AEE. Keough began by presenting the major points from AEE’s report, which uses global and U.S. revenues tracked by Navigant Research, a part of Navigant Consulting’s Energy Practice. Some of the major points include:

Continue Reading State of Advanced Energy: Industry Growth (Part 2 of 5)

Last week, Mintz Levin was proud to sponsor an Advanced Energy Economy (AEE) webinar highlighting AEE’s fifth annual report of market size, by revenue, of the advanced energy industry, worldwide and in the United States. The Advanced Energy Now 2017 Market Report traces the growth of the energy industry since 2011, with this year’s edition reflecting global growth of 7% from just 2015 to 2016—nearly twice the rate of the world economy overall. Other topics included the latest numbers of advanced energy jobs from the second national survey of energy employment by the Department of Energy, as well as emerging trends in advanced energy markets.

As this webinar was full of pertinent content for our readers, we will feature a series providing key takeaways over the next few weeks. Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy.

Continue Reading State of Advanced Energy: Markets, Trends, Jobs (Part 1 of 5)