White House, Business Community Support Investment in National Smart Grid
Sharp decreases in the price of domestic natural gas have challenged growth in the U.S. renewable energy industry. In response, the White House, with support from national business leaders, has re-focused public-private investment toward smart grid technology — efforts focused on developing the infrastructure for decentralized power networks that communicate and coordinate information between energy producers and consumers.
Natural Gas Driving Sharp Rise in American Competitiveness
American manufacturing competitiveness is on the rise, according to a study issued by the Boston Consulting Group and touted by the White House. Only seven of the 25 largest exporting countries in the world have lower manufacturing costs than the United States. The primary gain in U.S. advantage has come from access to cheap domestic supplies of natural gas. Wholesale prices for natural gas have dropped by over 50 percent since 2005 and are expected to decline for at least the next five years.
White House Climate Plan Seeks to Double Renewable Energy Generation by 2020
This week, President Obama released details of a climate action blueprint that incorporates preparation for future natural disasters as a major component of the plan. Most of the domestic aspects of the plan are to be implemented by executive order, avoiding the complications of the legislative process. Though much of the blueprint centers on the strengthening of American infrastructure, the improvement of the electrical grid and ambitious renewable energy standards, the plan also includes a few mentions of increased federal support for technology development and commercialization.