March 31, 2016 |
The U.S. Energy Department's Lawrence Berkeley National Lab has selected the Navy Yard and its "microgrid" as the site for a study on new technology for advanced electrical distribution and controls, the Philadelphia Industrial Development Corp. announced Tuesday. The study, which will take advantage of the Navy Yard's advanced power grid, will focus on how to make local electric distribution systems more reliable and create capabilities for the energy industry to deploy renewable energy within local communities, PIDC said.
March 8, 2016 |
F ield of Dreams , the iconic 1980s movie, coined the phrase, "If you build it, they will come. " As it pertains to energy infrastructure, Pennsylvania needs to follow the same philosophy. Not long ago many were concerned about the cost and availability of much-needed energy resources. Gas crept north of $4 a gallon and some residents in the Northeast, including Pennsylvanians, felt the effects of propane shortages during cold winter months. With the development of the Marcellus shale in Western Pennsylvania, we have an opportunity to play a major role to ensure increased access to affordable, clean-burning energy resources.
February 23, 2016 |
Earlier this month, leaders from academia and the energy industry met at the Wharton School of the University of Pennsylvania with the Initiative for Global Environmental Leadership center to discuss the importance of existing nuclear energy plants in the commonwealth and the nation. The common refrain we heard was that nuclear power is clean, safe, and reliable. In Pennsylvania, nuclear produces 93 percent of the state's carbon-free electricity. This is especially important for Pennsylvania as it works to meet the carbon-reduction goals set forth by the Environmental Protection Agency's Clean Power Plan, which rightly emphasizes the need to move toward carbon-free technologies to preserve the environment.
February 1, 2016
The stock market slide has been dizzying. Since the start of the year, stock prices have plunged by more than 10 percent, their worst start to any year on record. There is increasingly ominous talk among investors that the troubled stock market is signaling, or may even precipitate, a recession. Ignore the talk. While the stock market decline is disconcerting to watch, as the late economics Nobel laureate Paul Samuelson once quipped, "Wall Street indexes predicted nine out of the last five recessions.
May 19, 2015 |
Tesla, best known for sleek electric cars, is turning the energy industry on its head with news of a battery that stores solar energy. The potential breakthrough solution for accessing solar power after sunset is a welcome step toward reducing human dependence on polluting fossil fuels. The home battery, expected to go into production this year, will sell for up to $3,500 a unit, not including installation or an inverter to convert the battery's direct current to alternating current.
March 19, 2015 |
Pennsylvania's new governor pitched the state to the energy industry Tuesday morning during a conference at the Convention Center. "We should be fertile ground for you to come and do your business," Gov. Wolf said in a speech at Globalcon, an event for the energy industry hosted by the Association of Energy Engineers. Pennsylvania will be increasingly friendly to energy-efficient businesses under his administration, Wolf said. He also touted his plan to reduce the corporate income tax. The tax currently is 9.99 percent; Wolf said he wants it reduced to 5.99 percent by next year.
January 8, 2015 |
Why so slow? Pennsylvania is one of the states where fewer people are working than in 2007. This isn't quite new. Job growth here has been half the national average for the last 75 years, writes senior economist Mark Vitner and his team at Wells Fargo Securities L.L.C. , the investment arm of the Philadelphia area's dominant bank, in its yearly report reviewing the state's economy. Last year, Pennsylvania suffered layoffs at military contractors, steelmakers, drugmakers. Home prices went flat, and Philadelphia developers are building so many apartments, they are risking a glut - unless the city attracts "considerably more jobs and residents," according to Wells Fargo.
December 21, 2013 |
The Pennsylvania Supreme Court on Thursday struck down provisions of the state's Oil and Gas Act that stripped municipalities of the power to determine where natural gas drilling activity could occur within their boundaries. The long-awaited decision is a blow to a 2012 law known as Act 13 that was promoted by Gov. Corbett and the Marcellus Shale natural gas industry as a means to create a uniform statewide standard for gas development. By a 4-2 vote, the court ruled that the zoning provisions in the law were unconstitutional, though the court disagreed on the grounds for striking down the law. "The bottom line is that the majority of the court agreed that Act 13 is unconstitutional, and that local governments can zone oil and gas drilling like they do other activities," said Jordan B. Yeager, a Doylestown environmental lawyer who argued the case on behalf of several municipalities.
January 19, 2013 |
New Jersey's one-year moratorium on the controversial technique of natural-gas extraction known as fracking expired Thursday with little fanfare. While energy industry officials maintain that the natural-gas deposits in the state's northwest corner are too deep and uncertain to make hydraulic fracturing economically viable in the near term, environmentalists have lobbied heavily for continuing the ban as protection against the type of development seen across the Marcellus Shale formation in Pennsylvania.
January 7, 2013 |
Before many Pennsylvania moviegoers settle in for Matt Damon's film about the fight over natural gas drilling, they will see a message from the energy industry offering "straightforward facts" about hydraulic fracturing. The unorthodox, on-screen pre-rebuttal of Promised Land , which opens nationwide Monday, is part of an industry campaign aimed at heading off criticism about the process known as fracking. Instead of direct attacks, which the industry used against the documentary Gasland, it is trying to paint Damon's movie as derivative, condescending, and cliched.