Did you know that every hour the sun beams onto Earth more than enough energy to satisfy global energy needs for an entire year? Or that solar energy produces little to no greenhouse gasses? Clearly, solar power has the potential to reduce our reliance on other forms of energy, but how do we harness it?
Improving data center sustainability, Cisco expands its onsite power generation capabilities using solar panels in Richardson, Texas. Learn more about Cisco's commitment to the environment: http://cs.co/jlbYTc9x.
In a first for the solar power industry, Wall Street is dealing with bonds backed by solar electricity payments. SolarCity, a provider of energy services, plans to sell the bonds, secured by its residential and commercial power contracts. The offering will be managed by Credit Suisse and has received an investment-grade classification of BBB+ from Standard and Poor’s. The bonds will have a yield of 4.8 percent, a relatively high rate that rewards investors for buying untested securities, and will be sold initially to select institutional investors.
Solar cell converts 38.8 percent of solar energy into electricity
EL SEGUNDO, Calif., Nov. 18, 2013 /3BL Media/ – Boeing [NYSE: BA] subsidiary Spectrolab recently set a new world record by producing a solar cell that converted 38.8 percent of solar energy into electricity, more than any other ground-based solar cell not using concentrated sunlight. The U.S. Department of Energy's National Renewable Energy Laboratory in Golden, Colo., verified the new record, which beats Spectrolab’s own previous world record by 1 percent.
The rapid growth in solar power in the U.S. is a good news story for the renewable energy sector. Solar installations increased 15 percent in the second quarter alone this year, due to the popularity of leasing programs for rooftop panels. But this success story has a down side for traditional utility companies. They’re losing customers—and revenue—to the solar power business. Utilities have large investments in their conventional power plants and in the build out of the electrical grid. They count on a complex network of government regulations and market monopolies to make their profits.
DETROIT, October 234, 2013 /3BL Media/ – General Motors announced today that a 1.8-megawatt rooftop solar array at its Toledo Transmission plant in Ohio would be completed next month.
The project, which will generate nearly 3 percent of the plant’s overall electricity consumption, will be the largest rooftop array in Ohio. The energy produced will be enough to power 200 homes in the United States.
Today’s show starts off in Zambia. Worldwide, an estimated 1.5 billion people do not have access to electricity. In Zambia more than 80% of the population has no access to electricity according to the World Bank. It has been shown that providing access to power can be tremendously beneficial to people’s education, their health and their livelihood.
One of the big questions about solar power is how to supply sun-driven electricity at times of peak demand. Demand spikes in the early morning, before the sun is high enough to hit solar panels, and in the early evening, when solar panels operate at only at half efficiency in the low light. Cost-effective storage has been a major issue to be solved. Electric batteries have been used, but they’re expensive and have a limited lifetime, so they are usually online to even out a plant’s production, not to store large amounts of solar energy overnight.
FedEx works toward greater sustainability to deliver more opportunities for our customers, communities and our planet. Our role is to help the world connect more efficiently, while minimizing our impact on the environment. In Europe, Middle East, Africa and subcontinent India, FedEx Express has three solar-powered facilities, electric vehicles and tricycles to help minimize our environmental footprint.