SolBid: Clean Energy News

Smart Grid App Could Be a Big Win for Consumers


undefined
 

How much do you think about when you use power? For most Americans, how much power used is important because it impacts cost, but when the power is used doesn't really enter the mind. However, when power is used can matter just as much for the power company. Power costs more to produce in high demand times than in low demand times, so prices should really depend on time. With society moving to greater energy efficiency and less waste, more and more power companies are instituting smart grid policies. In these systems, people are not only billed according to the cost of production with time accounted for but are also given information on exactly how they use power and tips on minimizing the cost. Trials so far have been a major success, with dual benefits of saving an average of 8-10% costs and easing the transition to green power.

Solar Investments Outperform Expectations

 undefined  

Reliability of solar is up across the United States, according to major credit rater Fitch. When compared to wind, solar is more likely to reliably generate or outperform expectations. Fitch Ratings, one of the "Big Three credit rating agencies", has recently upgraded 19% of its solar projects, while wind has suffered a net downgrade. Yet another sign of solar's continued spread across the country.

Rhode Island Signals Commitment to Clean Energy with New Legislation

 undefined  

New England states have been recognized as innovators in the clean energy space for the last decade. This week, Rhode Island proved that this title is still well-deserved. This Wednesday, Governor Gina Raimondo signed legislation supporting the growth of clean energy in Rhode Island.

70,000 Solar Panels to be Installed Every Hour

 Solar Field  

Recent statistics have shown a promising future for global solar development. The most recent BP Statistical Review of World Energy has shown that renewable energy was the fastest growing energy source in 2017, with solar being a major contributor.

Global energy demand continues to rise with economic growth, but the growth of fossil fuel use is being hindered by that of renewable energy. New findings show that renewables accounted for 30% of all energy growth, a sizable chunk of the 2.1% increase in overall demand.

Home