Renewable energy and business Renewable energy and business are closely related. There are many countries in the world producing electricity from renewable energy sources and using it in the intermediary way. This intermediary chain is private business. Everyone knows the fact that business works better when it belongs to private sector and not to the government. In this section, we focus on renewable energy and business. We analyze several renewable energy companies and research how business can influence the renewable energy market. SolarCity is an American provider of energy services to homeowners, businesses, and government/non-profit organizations. Moreover, this company has very an interesting and dignified mission. SolarCity’s solar financing program provides homeowners a way to use solar power for less money than they currently pay for electricity. For example, you can install solar panels on your house roof, and SolarCity will cover part of your utility bills. This business model really works. According to Wile (2014), “The firm said they'd installed 280 megawatts of solar...
Consequently, this move will cut down the potential costs that the company would have to incur in order to do solar installations in its home battery pack solutions hence making it easier for it to implement its goals as now, only a solar installer partner will be needed to affect this move. On the other hand, solar city is at the verge of launching new solar panels that are focused on increasing the value of a house (Lambert, 2016). Wow! What a lofty
Jacobsson, Staffan & Johnson, Anna, 2000. "The diffusion of renewable energy technology: an analytical framework and key issues for research," Energy Policy, Elsevier, vol. 28(9), pages 625-640, July
The future of the United States solar energy industry will be shaped not only by economic growth, but also by the rate of declining oil resources and the global realization of the consequences of human induced climate change. Political responses to this realization in the United States include; new policies, legislature, and tax incentives to both businesses and private households to promote growth and investment in the solar power industry.
In this paper the externalities of three types of power-generation will be discussed: coal-fired, nuclear and photovoltaic (PV). The economic instruments to internalize the externalities will also be examined.
There has been advancements on many fronts to make economical and financial viability assessment for Renewable Energy Projects possible, including (but not limited to) production costs (e.g.McAloon, F. Taylor, Yee, Ibsen, & Wooley, 2000); transportation costs (Batidzirai, 2005; Overend, 1982; Searcy et al., 2007); capital costs (Bridgwater & Double, 1991; Gallagher, Schamel, Shapouri, & Brubaker, 2006); resources availability (Graf & Koehler, 2002); environmental performance (Von Blottnitz & Curran, 2007; Taheripour, Hertel, Tyner, Beckman, & Birur, 2008; Pimentel & Patzek, 2007); regional socio-economic development (Swenson & Eathington, 2006), and organizational costs (Altman & Johnson, 2008).
Hicks, Anna. "Green Jobs to the Rescue: Renewable Energy Industry Fueling Job Growth." Benzinga 23 July 2013: Points of View Reference Center. Web. 1 Apr. 2014.
The government can also ensure that they invest in education which will provide people with the necessary knowledge in how to conserve. Also invest in housing, where a subsidiary will be given for acquiring a solar panel. Policies must be changed for the following ideas to happen. It is only for the benefit of the country to have a sustainable energy plan in place. If government have stringent environmental laws it will force businesses to ensure they are in line in terms of regulation or they will face heavy penalties. Ideally, government should also have an incentive scheme that will encourage businesses to not only meet but to surpass what is expected of
Siemens is a German conglomerate that specialise in electronics and electrical engineering. They currently operate in four different sectors, these being Healthcare, Industry, energy and Infrastructure & Cities sector (Siemans a). They are represented in 190 countries (Siemens b), employ around 362,000 employees (Siemens c) and in 2013 achieved a revenue of €75,882 million and a net income of €4,409 million (Siemens d). This essay will focus on Siemen’s energy sector.
Collaborating with other Motor companies such as Toyota and green energy companies such as SolarCity to provide power for charging the company appears to be a viable option towards establishing an electric car company. In addition, working with states with the promise of creating jobs, injecting economic growth and reducing environmental pollution will compel states to offer their support towards the establishment of facilities necessary for the establishment of an electric car company (Cravens & Piercy, 2009). States will be willing to lease out facilities at affordable prices while other facilities may be offered free of charge with or without lease-buyback deals. Such deals are bound to expand the production capacity of the company, which will subsequently benefit from the economies of large scale. In addition, such deals are well-placed
United States Environmental Protection Agency (EPA). Renewable Energy: The Road from Global Warming To a Cleaner Future Office of Policy. September 1998.
The global demand of energy is growing strongly. Therefore, faced lack of supply and means greater competition for the suppliers
"Jobs in Renewable Energy Expanding." Worldwatch Institute. Worldwatch Institute, 8 July 2008. Web. 23 Feb. 2014.
However, there has been a spike in the private companies in this industry. Companies like Reliance Energy, Adani Power and Tata Power are now supplying and vying for the market share.
Bode, H. (2005). Sustainable Development and Innovation in the Energy Sector. New York: Amherst International.
First there is growing divergence between the demand for energy and the measures taken to increase its supply. Second the impact of the energy shortage on domestic industry and investment