The Saudis, who are both oil- and sunshine-rich, plan to develop 41,000 megawatts of solar projects to support a third of electricity production by 2032. The energy will directly replace oil used for desalination plants—freeing up more oil for export.
The U.S. Commerce Department on Thursday levied hefty tariffs on Chinese solar panels imported to the United States, raising concern that resulting higher costs will stunt strong growth in the U.S. solar market.
Do you support electric cars? If you do, these could be discouraging times. Sales have slowed in early 2012, critics are legion, and startup businesses are scuffling for traction. The struggles are real, and any added bump prompts headlines that build on a well-documented flawed narrative.
Our 2006 Prius topped 100,000 miles last weekend as we drove on Interstate 70 through Colorado’s Glenwood Canyon, prompting my wife and I to wonder how much money we’ve saved. The result, calculated conservatively, is eye-popping.
Truck fleets adopting new fuel efficiency products and practices saved an annual average of $4,400 per truck—$22,000 over five years—the North American Council for Freight Efficiency found in its first fleet fuel efficiency study. The council, an RMI nonprofit spinoff, has formed the NACFE Academy, growing out of the study released last month.
The regrettable demise of RMI spinoff Bright Automotive is an old business story—the struggles of start-ups in tough economic times—far more than it represents a failure of Bright’s innovative business model or technology.