Renewable energy industry news roundup: Jan. 10–24, 2016
President Obama discussed climate change in his final State of the Union, a new Solar Foundation report finds ongoing strong growth in U.S. solar energy employment, and New York plans to invest $5 billion in clean energy. Read these stories and more in this week's news roundup:
President Obama highlights renewable energy in final State of the Union
U.S. President Barack Obama delivered his final State of the Union address to Congress and addressed the future of renewable energy in the United States, as well as the threat of climate change.
The solar industry added 35,000 jobs in 2015, up 20 percent from the previous year, according to the Solar Foundation. Today, the solar industry workforce is bigger than that of oil and gas construction, and nearly three times the size of the entire coal mining workforce.
According to a team of researchers at MIT, a new material can store solar energy during the day and release it later as heat, whenever it's needed. This transparent polymer film could be applied to many different surfaces, such as window glass or clothing.
New York Governor Cuomo pledges $5 Billion for Clean Energy Fund
New York will invest $5 billion in clean energy over a decade under a plan Governor Andrew Cuomo announced on Thursday. The funding approved by the New York State Public Service Commission will help attract as much as $29 billion in additional private sector financing, according to a statement.
Why solar and wind are thriving despite cheap fossil fuels
Last year, they attracted a record $329 billion in investment — nearly six times the total in 2004, according to a report this month by Bloomberg New Energy Finance or BNEF. Wind and solar also installed a record amount