‘Greenprint’ Report Highlights Community Colleges’ Role in Clean Economy Workforce Development
While considerable attention has been paid to the growing role of cleantech jobs in the American economy, there has been less of a focus on the skills it takes to pursue these careers.
DOE Announces Intent to Fund New NNMI, Clean Tech Manufacturing Pilot Program
The Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE) released a notice of intent to establish and sustain a Clean Energy
Manufacturing Innovation Institute for Reducing Embodied-Energy and Decreasing Emissions (REMADE) in materials manufacturing. The $70 million funding opportunity
will be released in June to enable the development and widespread deployment of key industrial platform technologies that will dramatically reduce life-cycle
White House, Partners Announce $4B Commitment to Spur Clean Energy Impact Investments
During a Clean Energy Investment Summit, the White House announced a $4 billion commitment by major foundations, institutional investors, and others to fund innovative solutions to help fight climate change, including technologies with breakthrough potential to reduce carbon pollution. The commitment of $4 billion doubled the initial $2 billion goal set at the launch of the administration’s Clean Energy Investment Initiative last February.
Hawaii Sets 100 Percent Renewable Energy Goal by 2045
Hawai’i Gov. David Ige signed into law a bill (HB 623) that would increases the state’s renewable portfolio standards to 30 percent by the end of 2020; 70 percent by the end of 2040; and, 100 percent by the end of 2045. With the passage of the new renewable energy mandate, the state became the first in the country to have a statewide renewable goal of 100 percent. This marks a drastic shift from the state’s current distinction as the country’s most oil-dependent state.
MaRS Launches Canada's First Early Stage Clean Tech Venture Fund
MaRS Discovery District, Toronto's innovation and entrepreneurship center, has launched a $30 million early stage clean tech fund, the first of its kind in Canada. This week, the group announced that it had raised its fundraising goal entirely from private sources, and that released information about its first two investments. The MaRS Cleantech Fund LP portfolio companies will be encouraged to seek maximum support from MaRS. Read the announcement... Interested in how U.S. states and regions are catalyzing clean tech innovation?
U.S. Leads in Clean Energy Investment With Recovery Act Support
The U.S. attracted $48 billion in clean energy investment in 2011, reclaiming the top spot from China, according to a new report from the Pew Charitable Trusts. Pew attributes substantial increase in U.S. investment (up 42.4 percent over 2010) to a rush of spending as investors took advantage of Recovery Act programs before they expired at the end of 2011. In China, which led last year's ranking, investment modestly increased to $45.5 billion. With the end of U.S. stimulus programs, China appears well situated to regain the top spot this year.
Georgia Lawmakers Pass Measure to Enhance Tax Credits, Boost Research Funding
Lawmakers last month approved a $19.3 billion state budget for FY13, which includes funding for many of the recommendations from a task force convened by Gov. Nathan Deal to enhance the state's innovation economy. Specifically, the budget boosts funding for the Georgia Research Alliance (GRA) to recruit researchers and allocates $5 million for cancer-related research. The legislature also passed a measure expanding the Georgia Jobs tax credits and R&D tax credit.
Around the World in TBED
Innovation quickly is becoming the key phrase for the world’s economies. Increasingly nations are turning their economic development efforts towards building 21st century economies that are cleaner, more efficient and built on collaboration, both domestically and internationally. The European Union, New Zealand, South Korea and the United Kingdom have announced new initiatives that target increasing their overall competiveness not simply in the short-term, but long-term.
United Kingdom
DOE Pledges $170 Million to Advance Solar Photovoltaic (PV) Technologies
Steven Chu, the Secretary of Energy, announced nearly $170 million in available funding over the next three years to support the advancement of Solar Photovoltaic (PV) technologies in four areas:
USDA and DOE Announce Partnerships to Support Biomass R&D
The Department of Agriculture (USDA) and the Department of Energy (DOE) announced the Biomass Research and Development Initiative (BRDI) — a $30 million initiative to support up to 10 research and development (R&D) projects focused on advanced biofuels, bioenergy and high-value biobased products. Projects should propose integrated science and engineering research in three technical areas of interest:
DOE Offers $25M for U.S.-India Energy R&D Center
The U.S. Department of Energy (DOE) announced that it will commit $25 million over the next five years to support the U.S.-India Joint Clean Energy Research and Development Center, as part of the Partnership to Advance Clean Energy. DOE will provide matching grants to universities, national labs, private companies and others to support research in energy efficiency, second-generation biofuels and solar energy. The $50 million contributed by DOE and award grantees will be matched by an additional $50 million in public and private funds from India.
DOE Awards $3.2M to Launch National Clean Energy Incubator Network
The Department of Energy (DOE) has announced the launch of the National Incubator Initiative for Clean Energy (NIICE). NIICE will serve a national support network for the nation’s clean energy startup community and the incubators that support them. The network will provide technical assistance and training services to help clean energy startups move their products closer to market readiness.
Public, Private Sector Entities Announce Initiatives to Connect Globally
As the world becomes more globally connected, both public and private entities have turned their attention to foreign markets in the hopes of spurring innovation, capital creation, and economic prosperity. Whether their effort is developing international business partnerships, attempting to attract foreign direct investment (FDI), investing in startups, or taking advantage of international demand, the entities establishing these initiatives view long-term economic success for both firms and regions as dependent upon entering the global market place.
17 Governors Sign Accord to Promote Clean Energy, Economic Prosperity
A bipartisan group of 17 governors signed the Governors’ Accord for a New Energy Future – a joint commitment to support the deployment of renewable, cleaner and more efficient energy technologies and other solutions to make the U.S. economy more productive and resilient as well as spur job creation in member states.
Tech Talkin’ Govs: Part IV
The fourth installment of SSTI’s Tech Talkin’ Govs series includes excerpts from speeches delivered in Illinois, Massachusetts and Utah.
New York Launches $1B Green Bank; Other States Seeking Best Practices
A proposal first announced during Gov. Andrew Cuomo’s 2013 State of the State address came to fruition earlier this month with a request for proposals (RFP) to fund clean energy projects through New York’s newly established green bank. A green bank is a state-sponsored nonprofit lender that provides long-term, low-cost financing support. Its purpose is to increase public-private investing in clean energy while offering consumers lower-cost energy solutions, according to the Green Bank Academy. Connecticut was the first state to establish a green bank in 2011, but several other states have demonstrated interest. Participants from at least 11 other states wanting to establish their own green banks recently attended the first Green Bank Academy in Washington, D.C.
NGA Reveals 10 Energy Trends to Help Govs Advance Their Goals
Motivated by a number of interests, including enhancing economic development for their states, governors are seeking ways to be more energy efficient and build their portfolio of renewables. To help states move forward in these efforts, the National Governors Association (NGA) has released a white paper outlining 10 new ways to address longstanding challenges focused around four approaches:
SSTI releases new data tool that summarizes investment activity by state and tech area
SSTI has released a new data tool that defines investment activity, one indicator of the vibrancy of a region’s innovation economy, in each of 18 technology areas.
Recent Research: Lessons from the first cleantech bubble and the role of venture capital and governments in clean energy
From 2005 to 2008, the clean technology industry experienced a venture capital boom where the share of total VC investments in clean energy technologies tripled before falling dramatically. Many studies have concluded that the boom and bust in cleantech as an equity investment focus was because clean energy does not fit the venture capital “model.” A recent study from the National Bureau of Economic Research explores other possible reasons for the failure of venture capital to remain interested in clean energy.
ITIF: Leverage cleantech to accelerate economic growth
There are numerous opportunities for policymakers and elected officials at the state and local levels to encourage clean energy, and doing so could spur economic development, according to a new report by David Hart, a senior fellow at the Information Technology and Innovation Foundation (ITIF) and a professor of public policy at George Mason University. As state and local leaders pursue these strategies, Hart focuses on five non-exclusive tracks to pursue: off
States take the lead on climate change
When Gov. Janet Mills addressed the United Nations General Assembly on Sept. 23, it was the first time a sitting governor of Maine has been asked to address the body. She had been invited as part of her participation in the UN Climate Action Summit 2019, and has made tackling climate change and embracing renewable energy key priorities of her administration. She is not the only governor stepping into the role where the federal government has backed out.
Recent Research: Public-sector partnerships help fuel cleantech innovation
As the technology behind renewable energy continues to advance, recent research finds that the public sector plays an important role in catalyzing innovation. This can be seen in three main ways: by funding basic research on renewable energy in all 50 states; by partnering with cleantech startups; and by supporting cleantech clusters through networks, commercialization assistance, and access to capital. Taken together, this recent research suggests that public-sector partnerships can complement industry’s role in growing the green economy at the federal, state and local levels.
MA authorizes more than $1 billion in new economic development activities
The Massachusetts legislature ended its 2018 session with a slate of bills related to tech-based economic development. Legislation for general economic development, life sciences industry, and green communities created new authorizations and provided for more than $1 billion in bond funding authority, with a substantial portion allocation to innovation-related activities. From broadband access to SBIR support to workforce development, the bills created a host of new opportunities for TBED in the Bay State.
Moving the needle in a positive direction in the innovation economy
Bringing the innovation community together and examining how it has advanced — or how it hasn’t — is one of the driving goals of SSTI’s annual conferences. This year we brought together thought-provoking leaders to help reflect on whether stakeholders in the innovation economy are moving the needle in the right direction.
House committee creates plan for net zero emissions
The majority staff of the House Select Committee on the Climate Crisis released a “roadmap” this week for the U.S. to achieve net zero emissions by 2050 and net negative emissions through the rest of the century. The plan says these climate goals can be achieved while growing the economy and improving public health.