Data, quotes and stories of the changing energy era

Image: Duke Energy via flickr Creative Commons license

“The future for coal in the United States? There is no future.”

– FormerDuke Energy CEO and Chairman Jim Rogers, speaking at the release of a new report calling coal’s decline one of the most “spectacular market collapses in equity history.” The combined market value of the four largest U.S. coal companies fell from $33 billion to...
Read More

Britain achieves its first coal-free day since 1882

For the first time since the Industrial Revolution, Britain’s went a day without receiving any of its power from coal, according to the National Grid, which oversees the nation's electricity transmission system. On April 21, Britain enjoyed its first continuous...
Read More

2016 was stellar year for wind capacity, jobs

Wind power added jobs over nine times faster than the overall U.S. economy in 2016, according to the American Wind Energy Association. According to its “2016 U.S. Wind Industry Annual Market Report,” more than 8 gigawatts of new wind power were installed for a second...
Read More

Renewables soar as low costs drive expansion

Renewables were the biggest new source of electricity in 2016 as the cost of building new wind and solar farms fell, according to a report published jointly by UN Environment, the Frankfurt School and Bloomberg New Energy Finance. Clean energy provided 55 percent of...
Read More

Calif.’s solar surge leads to negative pricing

California passed a milestone in March as part of its bid to power the whole state sustainably. On March 11, for the first time ever, more than half the power needs of the entire state came from solar power for a few hours, according to data from the U.S. Energy...
Read More
“Even though we are in the foothills of coal country, it was not outrageous for us to look at energy efficiency and renewable energy as one of the pathways to helping this community transform.”

– Bobby Clark of Midwest Clean Energy Enterprise.Clark, on efforts to rebuild West Liberty, Kentucky with a master plan based on green buildings and renewable energy after much of it was destroyed by a tornado in 2012.

Image: KY Court of Justice via flickr creative commons license.

Read more
“We have got a big appetite for wind or solar. If someone walks in with a solar project tomorrow and it takes a billion dollars or three billion dollars, we’re ready to do it. The more there is the better.”

– Warren Buffett, speaking to investors at Berkshire Hathaway’s annual shareholders meeting.

Read more
“When are we ever going to be economically free, not serfs to the coal industry, unless there is economic diversity?”

– Filmmaker Mari-Lynn Evans, whose documentary “Blood on the Mountain” explores the troubled history of West Virginia’s coal industry, as quoted in a story about the state’s efforts to revitalize its economy independent of coal.

Read more
“Market prices were kept low and highly competitive by improved hydro-electric conditions, moderate loads and the addition of about 2,300 megawatts of summer capacity — consisting mostly of solar generation.”

– From a market report by California’s grid operator showing that wholesale power prices fell 9 percent in 2016, spurred by a decline in natural gas prices, improved hydropower conditions and about 1,900 megawatts of new peak summer generating capacity from solar resources,

Read more
“If you are tied to coal, you’ve got problems.”

– Warren Buffett, speaking to shareholders at Berkshire Hathaway’s annual meeting in Omaha, Nebraska.

Image: Fortune Live Media via flickr Creative Commons

Read more
 “The future for coal in the United States? There is no future.”

– Former Duke Energy CEO and Chairman Jim Rogers, speaking at the release of a new report calling coal’s decline one of the most “spectacular market collapses in equity history.” The combined market value of the four largest U.S. coal companies fell from $33 billion to $150 million in five short years.

Read more
“Responsible policymakers should be honest about what’s going on in the U.S. coal sector – including the causes of coal’s decline and unlikeliness of its resurgence – rather than offer false hope that the glory days can be revived.”

– From an analysis examining the prospects for a recovery of U.S. coal production and employment, which concludes that President Trump’s efforts to roll back environmental regulations are unlikely to materially improve economic conditions in America’s coal communities.

Read more
“At the end of the day, West Virginia may not require us to be clean, but our customers are. So if we want to bring in those jobs – and those are good jobs, those are good-paying jobs … we have to be mindful of what our customers want.”

– Chris Beam, the new president of Appalachian Power, on historic changes in the electric power industry and why his company is not planning to build any more coal-burning power plants, choosing instead to emphasize cleaner sources of power.

Read more
“Our statutory duty is to produce electricity at the lowest feasible rate. … We weren’t trying to comply with the Clean Power Plan or anything else. What’s the cheapest way to serve the customer? It turned out to be retiring those coal plants.”

– Tennessee Valley Authority CEO Bill Johnson on how little Donald Trump’s pro-coal policies are likely to affect his utility’s plans. TVA is on track to retire five of its original 11 coal-fired power plants by the end of 2018.

Read more
“Market forces are driving a rapid evolution of energy resources, and the current data clearly supports the replacement of the coal in our portfolio with an energy mix that includes more renewables and natural gas as the best, most economical path to a strong energy future for New Mexico.”

– Public Service of New Mexico President and CEO Pat Vincent-Collawn in a statement regarding the utility’s integrated resource plan, which calls for completely shutting down one of its two biggest coal-fired power plants by 2022 and exiting from coal completely by 2031.

Read more
“If you’d told me I’d be working in solar, I would’ve never believed you. I always thought I’d bounce from coal job to coal job until all the mines closed and I had to leave.”

– Former West Virginia coal miner Robert Atkins, who was retrained as a solar technician after being laid off from his coal job and now works as a crew chief overseeing installations for startup developer Solar Holler.

Read more
“In 10 years, a rooftop that doesn’t have solar will look funny and will look out of place.”

– Mike Foley, head of the Department of Sustainability for Cuyahoga County, Ohio, reacting to an analysis showing that solar industry jobs doubled in the Cleveland area from 2015 to 2016.

Read more
“[T]he world is moving beyond coal, just as we moved past horses and buggies, landline telephones and cigarettes.”

– From commentary by Danny Kennedy pointing out the huge inconsistencies between President Trump’s energy policies and the direction of energy markets.

Read more
“People realize that coal isn’t going to be around here forever and people need to re-tool themselves and get occupations within newer industries.”

– Lee Van Horn, the son of a coal mine worker, who is manager of the 64-turbine Locust Ridge Wind Power Project in central Pennsylvania.

Read more
“Page [Arizona] is ready for a change. … We really have the ability here to capitalize on how beautiful the area is, and the only black eye on this beauty for a long, long time has been that power plant.”

– Twist Thompson, the owner of three restaurants in Page, in reaction to news that owners of the Navajo Generating Station, the largest coal-burning power plant in the West, plan to shut down the plant no later than 2019.

Read more
World’s tallest turbines now online in England

World’s tallest turbines now online in England

| Tags: ,

The world’s tallest commercial wind turbines, standing at  height of 195 meters, are now in operation off the northwest coast of England, and they are powerhorses. A single revolution of an 8-megawatt turbine blade at the Burbo Bank wind farm can power a home... read more
UK breaks solar record on sunny March day

UK breaks solar record on sunny March day

| Tags: ,

Sunny spring weather across the United Kingdom led to a remarkable new solar power record. For the first time ever, the amount of electricity demanded by homes and businesses in the afternoon was lower than it was in the night because solar panels on rooftops and in... read more

Mass. utilities propose 800 MW of offshore wind

|

In another sign that the U.S. offshore wind sector is taking off, three Massachusetts utilities have proposed buying as much as 800 megawatts of offshore wind energy as a first step to comply with a state law to aggressively develop the nascent industry. The utilities... read more

Subscribe

Email
Subscribe to Energy Trend Tracker by email, and we’ll send you a weekly update that includes each new story. Sign up below.

RSS
Subscribe to Energy Trend Tracker’s updates using Real Simple Syndication (RSS). Use tools like Feedly (here’s a tutorial) or FeedReader, or add RSS to your Outlook to have all Energy Trend Tracker articles instantly delivered to you.

Energy Trend Tracker

Data, quotes and stories of the changing energy era

© 2016 Energy Trend Tracker

A project of Resource Media

Categories

Share This