Source: Bloomberg Businessweek
News
Oct. 19, 2016
This was supposed to be solar’s moment. Residential panel installations in the U.S. grew 71 percent in 2015 as the falling cost of panels made the power they generate more competitive. In December, Congress unexpectedly extended a tax credit set to expire at the end of 2016. . . Yet instead of energizing the industry, the extension has hurt growth, as solar companies no longer rush to meet a deadline. After jumping more than 1,000 percent since 2010, panel installations are projected to grow by only 0.3 percent in 2017, according to Bloomberg New Energy Finance.
News
Aug. 13, 2014
The study (PDF), prepared by the economic consulting company IHS Global Insight (IHS), also compares which metro areas have the most households in the top, bottom, and middle thirds of the country’s income distribution. The areas with the fewest middle-income households are mostly coastal: Out of the 357 metro areas, San Jose has the lowest percentage of households making more than $35,000 and less than $75,000, followed by the areas around Bridgeport, Conn.; Washington, D.C.; San Francisco and Oakland; Boston; and New York. The Washington-Arlington-Alexandria and San Jose-Sunnyvale-Santa Clara metro areas have the highest percentage of households making more than $75,000 and the lowest percentage making less than $35,000.
News
July 1, 2014
Heading into the Fourth of July weekend, a gallon of regular gasoline on the West Coast averages a penny over $4, the highest price of any region in the country. Costly Alaskan oil is a key factor in these high gas prices, and that oil is gradually running out.
News
Aug. 22, 2013
Over the past 18 months, a group of plaintiffs’ lawyers who got rich suing the tobacco industry have turned their litigious attention to what they hope will be the next big thing: challenges to healthy-sounding food labels they allege are misleading. Hailing from across the U.S., the lawyers decided to sue in federal courts in Northern California, where the consumer-protection laws are expansive and the jury pool nutrition-conscious.
News
Aug. 22, 2013
That’s the opinion of David Crane, chief executive officer of NRG Energy, a wholesale power company based in Princeton, N.J. What’s afoot is a confluence of green energy and computer technology, deregulation, cheap natural gas, and political pressure that, as Crane starkly frames it, poses “a mortal threat to the existing utility system.” He says that in about the time it has taken cell phones to supplant land lines in most U.S. homes, the grid will become increasingly irrelevant as customers move toward decentralized homegrown green energy.
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March 17, 2017 / John Kotkin and Mark Schill