- The US will supply much of the world’s additional oil for the next few years, according to a new report from the International Energy Agency. Over the next three years, the US will cover 80% of the world’s demand growth, the IEA says. Canada, Brazil, and Norway will cover the remainder, leaving no room for more OPEC supply. [CleanTechnica]
- Software Motor Company claims its switched reluctance motors will cut energy use by 20–50% compared to Nema Premium motors in the 1-5 hp (0.75-3.7 kW) range, and will typically pay for themselves within 6 to 36 months. SMC and the US DOE’s National Renewable Energy Labs are presenting a webinar on March 12 2018. [CleanTechnica]
- The companies currently committed to the RE100 campaign will need to procure an estimated 172 TWh (172,000 GWh) more clean energy generation by 2030 to meet their renewable energy targets, according to a new report by Bloomberg New Energy Finance, “RE100 Signatories to Spur $94 billion Investment Opportunity.” [Windpower Engineering]
- David Blittersdorf, president and CEO of AllEarth Renewables, Inc, announced that the proposed Kidder Hill Community Wind installation in Lowell, Vermont has been suspended. Citing a turbulent climate for renewable wind energy in Vermont and the urgent need for renewables to be built, he said resources will go elsewhere. [AltEnergyMag]
- Ohio-based Fifth Third Bank has become the first Fortune 500 company, the first bank, and the first RE100 member to achieve its goal of securing 100% of its power with renewables in a single Power Purchase Agreement from a single project. The project is an 80-MW solar project in North Carolina being developed by SunEnergy1. [CleanTechnica]
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