Renewable energy industry news roundup: May 2–8, 2016
San Diego makes plans to use 100% renewable energy by 2035, Massachusetts moves forward with a bill that could lead to a boom in offshore wind energy, and the Tesla Powerwall goes to market in the US. Read these stories in more in this week's news roundup:
Tesla Powerwalls for Home Energy Storage Hit U.S. Market
A year after Elon Musk unveiled the Powerwall at Tesla Motors Inc.'s design studio near Los Angeles, the first wave of residential installations has started in the U.S. The unit, retailing at $3,000, stores electricity from home solar systems and provides backup in the case of a conventional outage.
At the Climate Action 2016 summit in Washington, Former Vice President Al Gore said he's “very optimistic” about the world's ability to fight climate change. Gore said the expansion of renewable electricity generation is heartening, noting that more than 90 percent of electric power that went online in 2015 was via renewable energy. “We are entering the era of renewables, and it's a very exciting new reality,” he said.
San Diego Signs Climate Action Plan to Use 100 Percent Renewable Energy By 2035
San Diego recently signed a Climate Action Plan which will make sure that the city will be using 100 percent renewable energy by 2035. The plan states that "by striking a sensible balance between protecting our environment and growing our economy, San Diego can support clean technology, renewable energy, and economic growth."
One U.S. State Holds Key to $10 billion Offshore Wind Boom
Lawmakers in Massachusetts are drafting a bill that would jump-start the offshore wind industry in the United States, helping trigger a $10 billion building spree off the Atlantic coast. Developers want legislators to mandate the sale of 2,000 megawatts over a decade, enough to power roughly 1.6 million households. However, it is yet to be determined whether the state's Republican governor, who has already opposed one offshore project, will sign it.
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