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Nancy FloydManaging Director, Nth PowerSummaryNancy Floyd, one of the first venture capitaliststo invest in renewable energy, spoke at RETECHabout the history of venture capital investmentin renewable energy, and how the energy trendshave shifted since the 1970s.“The issues that we are tryingto solve today didn’t stopescalating as we returned to‘normal’ in the 80s and 90s.”In the late 1970s, as oil prices rose as a resultof the OPEC oil embargo, President Cartercalled for energy independence. These highprices led to new research and developmentfunding for renewable energy technologies,comprehensive energy legislation, and the firstcommercial wind farm in 1982.As oil prices declined and came back to“normal,” however, government support forrenewable energy disappeared, and so didventure capital investment. Even as governmentsupport and private investment dwindled, theproblems associated with fossil fuel dependenceand carbon emissions were exacerbated.“The new president has connected thedots, that renewable energy addressesall of these issues, and addresses themin a way that is going to create jobs,that is going to create the flow ofinvestment capital.”“We’ve had unprecedented breakthroughsin technology in part fueledby the flow of investment capital thatonly started in earnest eight years ago.”• Government R&D fuels technological breakthroughsthat lead to venture capital investment.• Research and development funding for energy fellbetween 1987 and 1997, but increased beginningin 2007.“We are seeing not only breakthroughsin technology, butunprecedented shifts in the marketplaceand consumer mindset.”There is currently a “perfect storm” forrenewable energy development, driven by thefollowing factors:1. Perfect competition for energy,2. Dwindling resources,3. Expensive resources,4. Energy security concerns, and5. Climate change.“This is the industry that is going tolead the economic recovery of thiscountry and of the world.”American Council On Renewable EnergyExecutive Summary Report 15
Cathy ZoiCEO, Alliance for Climate Protection, We CampaignSummaryCathy Zoi, CEO of the Alliance for ClimateProtection, explained the importance ofcommunicating the problems associated withclimate change—and the potential solutions—tothe American public. The Alliance for ClimateProtection seeks to educate and engage thepublic to ultimately “create that political spacefor better policies.”“Our job is to persuade theAmerican people and peopleelsewhere in the world of theurgency and solvability of theclimate crisis.”The Alliance for Climate Protection has over twomillion members in all 50 states. Theorganization’s goal is to move people “up theladder of engagement,” from “deniers” at thebottom, to “activists” at the top.1. Activists 3. The confused2. The engaged 4. The deniers“The naysayers are very well-fundedand are going to continue to lobbyagainst the policies that are going totransition us to a new economy.”The clean energy movement must alwayscompete with well-funded fossil fuel interests,who can pay millions of dollars for televisionadvertisements in addition to lobbyingcampaigns. The We Campaign is the first groupwith adequate resources to compete with and,hopefully, weaken the negative messagepresented by fossil fuel advocates.In a speech in July of 2008, Al Gore called forthe United States to adopt a goal of 100% cleanenergy within ten years, as a way of improvingthe economy and the environment, andimproving our national security.“We can address all those things if wespend the next ten years and transformour energy economy once and for alland become 100% clean.”To do it, we need the factors below:1. Energy efficiency,2. Renewable energy,3. A unified national smart grid, and4. A renewable energy “ramp-up.”A 100% clean energy goal does not necessarilymean 100% renewable electricity in 10 years.The We Campaign’s plan necessitates whatequates to a 50% renewable electricitystandard, with the balance of electricity beingmet by energy efficiency and other non-carbonemitting generation facilities, like nuclear andexisting hydropower. This plan will get thecountry to 20% below 1990 levels of carbonemissions by 2020.“This is possible if we can allowourselves to imagine it.”American Council On Renewable EnergyExecutive Summary Report 16
Page 6: The highlights of WIREC 2008 includ
Page 9 and 10: EVENT SPONSORSHosted byBadge Sponso
Page 11 and 12: EXHIBITORS ContinuedKamatics Corp.K
Page 13 and 14: The ARRA contains the following ite
Page 15 and 16: “How do we organize ourselves to
Page 17: John GeesmanFormer Commissioner, Ca
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
Page 29 and 30: Daniel Kammen, Class of 1935 Distin
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
Page 39 and 40: Green Buildings and CommunitiesOver
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Page 43 and 44: Session ReferencesGreen Schools Bre
Page 45 and 46: 1. The local electric power market
Page 47 and 48: International Renewable Energy Indu
Page 49 and 50: production was 37%; the domestic tu
Page 51 and 52: There have been a number of incenti
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Page 55 and 56: D7 - ChinaJing Su, Director of US-C
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Page 67 and 68: 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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