KIC InnoEnergy invests an additional EUR 1 million in Minesto

KIC InnoEnergy, the European company for innovation, business creation and education in the field of sustainable energy, is expanding its involvement in Minesto, a leading developer of renewable energy from slow ocean and tidal currents. KIC InnoEnergy has awarded an additional EUR 1 million in the development of Minesto’s unique Deep Green technology. KIC InnoEnergy promotes entrepreneurship, innovation and education in sustainable energy. Minesto and KIC InnoEnergy entered into a collaboration in 2014. In September 2015, KIC InnoEnergy made their largest investment in marine energy of EUR 3.5 million to…

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U.S. Solar Markets ‘Will Fail’ Or Install 1 Terawatt By 2040: BNEF

2040, solar installations will account for 30% of U.S. installed energy generation, Bloomberg New Energy Finance analyst Hugh Bromley predicted Wednesday duringSunPower‘s (SPWR) Sustainable Energy Symposium in San Francisco. That would be 1.6 terawatts — an as-yet unneeded metric for the solar industry. In 2015, cumulative U.S. solar installations hit 24.7 gigawatts, and industry tracker IHS expects the U.S. to add 5.6 GW before the end of the year. Worldwide, the installed base is expected to surpass 310 GW in capacity. To reach the 2040 target, the U.S. will have…

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