Member News

  • October 6, 2010

    OREC Releases Overview of Tax Benefits for MHK Industry

    The Ocean Renewable Energy Coalition (OREC) has prepared an overview of tax benefits for the MHK industry here[http://www.oceanrenewable.com/wp-content/uploads/2010/10/mhk-financial-incentives-spreadsheet-final-10-6-2010.pdf].  As the spreadsheet shows, MHK receives more benefits than it did five years ago, but at the same time, it lacks parity with other renewables:  MHK projects do not qualify for 5 year MACRS, and are only eligible for half of the PTC available to other renewables.  OREC continues to work to achieve parity.

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  • September 29, 2010

    Governor Schwarzenegger Signs AB 2514 Into Law

    The nation's first energy storage bill was signed into law the afternoon of Thursday, September 29, 2010 by California Governor Arnold Schwarzenegger. The Bill, AB 2514, puts a timetable in place for the integration of energy storage technologies and is seem as an important first step towards increasing the efficiency of the electric grid.

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  • September 21, 2010

    CCAT to Support the Hydrogen and Fuel Cell Industry Through a Northeast Electrochemical Energy Storage Cluster

    The Connecticut Center for Advanced Technology, Inc. (CCAT) of East Hartford, CT, today announced the receipt of a grant from the Small Business Administration (SBA) to expand a growing hydrogen and fuel cell regional cluster centered in the northeast United States.  This energy technology cluster is currently driven by a global market and is poised for growth as a US based industry to meet worldwide demand for clean and efficient electric generation.

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  • July 6, 2010

    New Report Finds States Take Clean Energy Lead, Investing Billions, Creating Jobs, and Reducing Carbon Emissions

    A new report from Clean Energy States Alliance (CESA) demonstrates how state clean energy funds have emerged as a major driver of renewable energy projects across the U.S. Within the past decade, states from Connecticut to California have funded 52,000 projects using the full range of renewable energy technologies, including wind, solar, biomass, and hydropower. The 10-year voluntary investment by states of $1.9 billion has leveraged $10.1 billion in additional project investment and added 2.5 new, clean gigawatts (GW) to the grid.

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  • March 17, 2009

    Interior and FERC Announce Agreement on Offshore Renewable Energy Development

    In a joint statement issued today Secretary of the Interior (DOI), Ken Salazar and Acting Chairman of the Federal Energy Regulatory Commission (FERC) Jon Wellinghoff announced that the two agencies have confirmed their intent to work together to facilitate the permitting of renewable energy in offshore waters.

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