With little investment from venture capitalists, cleantech startups are relying increasingly on traditional energy corporations for financial support.
Eager to avoid environmental problems, improve their public image, comply with regulations and increase production, oil and natural gas companies have begun investing in next-generation technologies, such as waste water treatment solutions.
With Obama's "all of the above" energy policy, fossil fuels are here to stay, writes Ucilia Wang adding that energy companies are investing in renewables as a defense against sudden policy change.
"The growth of the renewable electricity sector will be tied to natural gas," explains Wang. "Solar and wind generation can't produce power around the clock, and utilities will have to match clean power with 24/7 energy like natural gas."
According to Wang, for now, fossil fuels and renewables exist in symbiosis, with oil and natural gas corporations controlling the vast majority of transportation and electricity generation.
FULL STORY: Where the money is in cleantech: oil and gas
Mapping Groundwater Risks from Orphan Wells Across U.S. Aquifers
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Toyota’s Hybrid Popularity Outpaces Production Worldwide
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Using Old Oil and Gas Wells for Green Energy Storage
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A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago’s Ghost Rails
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Bend, Oregon Zoning Reforms Prioritize Small-Scale Housing
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Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.
LA Denies Basic Services to Unhoused Residents
The city has repeatedly failed to respond to requests for trash pickup at encampment sites, and eliminated a program that provided mobile showers and toilets.
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