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Opening SessionOverviewIn the opening session, industry leaders addressed the major issues facing renewable energy today,including the uplift from President Obama’s call for a doubling of renewable energy in three years,to the financial crisis and its downdraft effect on today’s markets.SpeakersMichael Eckhart, President, American Council On Renewable Energy (ACORE)Katrina Landis, Group Vice President, Alternative Energy, BPHermann Scheer, Member, German BundestagGeneral Wesley Clark (Retired), Chairman of EWT Americas and Co-Chairman of Growth EnergyJohn Geesman, Former Commissioner, California Energy CommissionNancy Floyd, Founder and Managing Director, Nth PowerCathy Zoi, CEO, Alliance for Climate Protection, We CampaignKateri Callahan, President, Alliance to Save EnergyJohn Cavalier, Managing Partner, Hudson Clean Energy PartnersKatrina LandisGroup Vice President, Alternative Energy, BPSummaryTo begin the Opening Session of RETECH 2009,Katrina Landis spoke about today being the“best of times and the worst of times” forrenewable energy. The current global and U.S.economic recessions pose challenges for allrenewable energy businesses. The commoditiesand financial markets are reeling, but in manyways, Landis said, “the prospects for renewableenergy have never been more robust.”“The American Recovery andReinvestment Act of 2009contains a stunning amount ofmuch-needed support forrenewable energy.”American Council On Renewable EnergyExecutive Summary Report 9
The ARRA contains the following items:• Funds earmarked for the development of a smart grid to allow for widespread distribution andconsumption of renewable energy,• A three-year extension to the Production Tax Credit system and the option to use, instead, a 30% ITC,• Funding for new projects to develop carbon-capture technology and business models, with $1.5billion allotted to develop a competitive process for industrial projects,• Project financing and credits for work on advanced biofuels, and• The ability for the solar industry to monetize ITCs and to gain support for flagship deployments onpublic buildings.“It’s clear that the ObamaAdministration and the Congress arejust warming up…”Congress is poised to enact a RenewableEnergy Portfolio Standard, and theAdministration is acting decisively to realize twoof its critical energy goals:1. To increase renewable energy production to 2 5%by 2025, and2. To reduce carbon emissions by 80% by 2050.Besides being an oil and gas company, BP is amajor alternative energy company.BP’s Alternative Energy Division was established in 2005,with a commitment to invest $8 billion over a 10-year timehorizon. BP invested well over $1 billion last year, with 70%of that investment being made in the US.“Our investments are not gestures, butevidence of our belief that the worldrequires a mix of energy in whichrenewable and alternatives play anincreasingly important part.”BP has 20,000 MW of wind projects in development, with1,000 MW currently in production. These projects havecreated over 1,000 jobs during construction, and over 60full-time jobs for operations and maintenance in ruralAmerica.The company is increasing its involvement insolar, industrial-scale hydrogen, carbon capture andstorage, and in biofuels—notably in bio-butanol andcellulosic ethanol.“What we do, all of us in this room,has moved center stage. The spotlight ison us and expectations are high. Onceagain, America has the opportunity tolead…”BP has set some conditions it feels are neededin order to provide the huge amounts of energythe world will demand within the next 20 years.• Energy companies and the government must haveconfidence in each other to move forward.• Fiscal and regulatory policies must create a levelplaying field and the central mechanism is to pricecarbon; the cost of emissions needs to be factoredinto all energy products and services through capand trade systems.American Council On Renewable EnergyExecutive Summary Report 10
Page 6: The highlights of WIREC 2008 includ
Page 9 and 10: EVENT SPONSORSHosted byBadge Sponso
Page 11: EXHIBITORS ContinuedKamatics Corp.K
Page 15 and 16: “How do we organize ourselves to
Page 17 and 18: John GeesmanFormer Commissioner, Ca
Page 19 and 20: Cathy ZoiCEO, Alliance for Climate
Page 21 and 22: John CavalierManaging Partner, Huds
Page 23 and 24: BiofuelsChristopher Groobey, Partne
Page 25 and 26: Patrick Cloney, Executive Director,
Page 27 and 28: Gal Luft, Executive Director, Insti
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Page 31 and 32: Biomass, Biofuels, and Advanced Veh
Page 33 and 34: Critical development opportunities
Page 35 and 36: ConclusionsSpeakers at RETECH 2009
Page 37 and 38: Geothermal PowerOverviewThe United
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Page 45 and 46: 1. The local electric power market
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C6 - Environmental and Carbon Finan
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The technology debate: thin film ve
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FITs have grown in popularity over
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Haroula Reitz, Global Manager of Sc
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Currently, planning is geographical
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Federal policy should allow for a c
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Wind: Markets, Technologies, and Po
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Regional FactorsBesides federal pol
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