A new worldwide industry is dawning. The global clean energy economy experienced tremendous growth over the past five years–with investment growth of 230 percent since 2005–all the while weathering the recent financial downturn.
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In 2014, the Department of Defense consumed more than 87 million barrels of petroleum fuels, enabling U.S. forces to operate worldwide. That enormous demand, however, could also be a vulnerability, according to the department’s 2016 Operational Energy Strategy, which updates the original energy strategy released in 2011. Read More
The country’s century-old centralized power system is yielding to advanced, distributed-energy-generation capabilities, producing energy at or near where it is consumed. As this transition accelerates, efficient energy technologies—such as combined heat and power (CHP) and waste heat to power (WHP) systems—will play a crucial role in creating a cleaner, more secure, and... Read More
For clean energy technologies to prosper, the investment community needs to be patient, risk tolerant, and ready to scale up capital in the most promising inventions, according to U.S. Energy Secretary Ernest Moniz. The secretary, who spoke at an April 26 meeting with energy innovators hosted by The Pew Charitable Trusts, told the group that the United States is in the midst of a clean energy... Read More