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U.S. needs more R.E. to meet next decade’s energy challenges – Frost & Sullivan

The United States’ increasing need for energy will drive growth in the renewable energy sector as well as energy-efficient technologies and improvements to the national grid. A new analysis from Frost & Sullivan sees U.S. energy consumption increasing by 7.3 percent during a 10-year period over 2010 levels. To meet this need, the market will witness strong growth in renewable technologies with solar and wind power representing more than 40 percent of electricity generation capacity by 2020, the analyst thinks.

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Brownfield in Massachusetts to generate money by producing solar power

A 15-acre brownfield outside the town of Canton in Massachusetts is getting a second lease in life as a solar power project that will generate around $16.3 million in revenue. The projects such as the one in Canton effectively revitalize abandoned, underused industrial areas and convert them into economically productive, clean power generating sites.

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California home solar market already at 80 percent increase

The California home solar market has already grown 80 percent so far this year compared with 2011 for the same period, a report from home solar company Sunrun and PV Solar Report shows. For the first five months of 2012, reservations reached 77,473.9 kilowatts compared with 42,933.4 kW for the same time period in 2011. The number of new reservations increased by 68.4 percent at 13,103 kW, from 7,782 kW last year.

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Recurrent Energy sells Ontario solar projects to Japanese firms

Recurrent Energy said it is selling half its portfolio of solar photovoltaic projects in Ontario to Mitsubishi Corporation and Osaka Gas. The transaction involves approximately 100 megawatts of solar power from projects currently under development. The projects will provide enough power for approximately 10,000 homes, which will be purchased by Ontario Power Authority.

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Thin-film company Konarka files for bankruptcy

Massachusetts-based thin-film solar panel developer Konarka Technologies, Inc. filed for bankruptcy protection under Chapter 7 of the Federal bankruptcy laws. “Konarka has been unable to obtain additional financing, and given its current financial condition, it is unable to continue operations,” said Howard Berke, chairman, president and chief executive of Konarka.

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RMT adds 555 MWs of wind to renewable energy portfolio

Wisconsin-based contractor RMT, Inc. is adding 555 megawatts worth of wind projects to their renewable energy portfolio in 2012. RMT, which specializes in the design and construction of wind and solar energy projects, currently has a renewable energy portfolio of around 5,000 MW.

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EnergySource completes first geothermal project in Salton Sea

EnergySource has completed their first 49.9 megawatt geothermal power plant in California. During the dedication ceremony for Hudson Ranch I, the first stand-alone geothermal plant in the Salton Sea area in 20 years, the geothermal company announced that the plant would now be known as the John L. Featherstone Plant in honor of the geothermal technology pioneer and founder of EnergySource.

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Phoenix extends solar financing program; eyes 1,000 installations

The city of Phoenix, Arizona is expanding its residential solar financing program with the help of a $25 million commitment from the National Bank of Arizona. The program, said to be the largest city-sponsored residential solar financing program in the United States, is entering its second phase.

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Hertz, Marriott launch E.V. car sharing program in San Francisco

First electric vehicle car rental program in downtown San Francisco

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Itron starts year with $25 million net income

Smart meter company Itron gained a net income of $25 million for the three months ending March 31 according to the company’s first quarter financial report. The company took in a quarterly revenue of $572 million, mostly from its global energy and water segments, said Itron president and chief executive LeRoy Nosbaum in a statement. Itron saw a slight increase in revenue this quarter from the $564 million reported for the same period last year.

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