Saturday, December 8, 2012

Electric Vehicles: Huge Potential for Venture Capital and Green Jobs

21 Startups Are Cleaning up the Auto Industry
 
Tesla Motors Model S
The Electric Vehicle market is raising billions of dollars, and creating thousands of green jobs. Optimism reigns despite the slowness of deployment of charging stations, and the troubles at A123 Systems and its repercussions for Fisker that are giving the industry an unjustified bad name ("loser").


The list of start-up companies in this market is very long. The top 21 listed below have raised a total of $8 billion in private venture capital. They represent five industry segments: EV manufacturing, hybrid conversion kits, charging stations, batteries, and engines/transmissions technology.



Wednesday, November 21, 2012

EV Charging Stations not Leading the Charge Fast Enough

Renault EVThis is the typical chicken and egg problem. No charging stations, no electric cars; no electric cars, no charging stations. Without charging stations everywhere, the range of EV's will remain a problem, until battery and charging technologies deliver break-throughs in increased capacity and shorter charge time. Scientists say it will take 5 to 10 years to get there.

Market research firm Frost and Sullivan estimates that the U.S will have over 4 million charging stations by 2017. How will we'll get there remains a big unanswered question. An entire industry, and tens of thousands of green jobs depend on them.

Tuesday, October 30, 2012

Smart Grid Gets New Player, New Green Jobs

AutoGrid, a green start-up, officially launched its smart grid data analysis software with $9 million in funding.


smart grid
What is the smart-grid?
AutoGrid Systems, a "smart grid" start-up officially launched its "big data" analysis software to help optimize the electric grid.

AutoGrid also announced that it has signed agreements with 2 large customers: the City of Palo Alto Utilities and the Sacramento Municipal Utilities District.

AutoGrid has so far raised $9 million from Foundation Capital, Voyager Capital and Stanford University. It has also obtained $5 million worth of contracts from the U.S. Department of Energy's ARPA-E research agency and the California Energy Commission.

Monday, October 22, 2012

Economic Policy Institute Upbeat on Green Jobs

New report by the Economic Policy Institute paints positive picture of the green economy and green jobs.

A new briefing paper by Ethan Pollack of the Economic Policy Institute (EPI) titled "Counting up to Green: Assessing the green economy and its implications for growth and equity", paints a positive outlook for the green economy and its potential to create green jobs.

Assessing the size of the green economy and the number of green jobs remains an important issue. Various slightly different definitions of green jobs make it difficult to accurately count the number of green jobs, and size the green economy.

The US Government's Bureau of Labor Statistics published its own definition in Sept, 2010, and several Think Tanks have also published their own, most notably the Pew Charitable Trusts, and The Brookings Institution.

Tuesday, October 2, 2012

25 Green Startups Changing the Way We Do Business

A commitment to sustainability is becoming an increasingly important part of modern business operating models, as consumers demand products and services that are not only high-quality but that also reduce their impact on the environment.

Infographics

Thursday, September 27, 2012

Recurrent Energy Continues US Hires Despite Trouble at Parent Sharp


Sharp Corp, deeply in the red, has recently announced that it will cut almost 11,000 jobs (or 18% of its workforce) around the World, and sell many assets. The asset sale may include Recurrent Energy that it bought in 2010 for $305 Million.

Rumor has it that Sharp hopes to get $312 Million for Recurrent Energy, a US solar farm developer. Recurrent is itself in good financial shape, with almost $2 billion in project finance commitments from third parties, according to Recurrent's CEO, Arno Harris.
"We continue to meet and exceed our business goals as we build out our contracted project portfolio," Harris said. The company has "excellent and long-standing relationships with the major financial institutions engaged in the energy sector," Harris added.

He expects the company to attract the interest of other financial sponsors in the event that Sharp drops out or reduces its stake. Troubles at parent companies often lead to the sale of well-performing assets, to extract a good price for them.

Recurrent seems to be one of these well-performing assets, as its CEO affirmed. It continues to hire for US-based positions, and has currently 12 open positions, including 9 posted in Sept. 2012.

Friday, September 21, 2012

Several Green Companies on a Hiring Spree

Significant increase in the number of new green jobs indexed by TheGreenJobBank shows the resilience of the green economy.

Last week saw an unusual increase in the number of green jobs indexed by TheGreenJobBank. Even in a period of economic uncertainty, a number of green employers have added many new positions, proof that the green economy is more resilient than many others.

  • Energy Management company EnerNOC is one of them. They've added 19 new open positions this week alone, to bring the total to 61.

    These new jobs are in a wide variety of occupations, including sales, marketing, software development and administrative/management.

  • Environmental company AECOM has added 20 jobs, for a total of 65.

    New green jobs at AECOM include Air Quality Scientists, Environmental Engineers, and waste/water treatment technicians.

  • Another environmental company, Environmental Resources Management (ERM) added over 30 jobs last week, bringing the total open positions to 172!

  • And of course, our darling green employer, SolarCity added a stellar 64 jobs this week alone, and 14 last week, bringing its total to 129!

    21 of its open positions are solar site auditors. As described by SolarCity, "The Site Auditor will provide professional site auditing services to obtain and communicate the necessary technical data to the SolarCity design team for the preparation of permit ready documents needed to facilitate the installation of solar photovoltaic systems. This person will also function as a project manager, field technician, and permit technician when assigned to do so."

    And it's not a surprise that SolarCity has also many openings for sales reps and solar PV installers.

  • Although not at the top of the list for its total open jobs (50), highly respected The Nature Conservancy added over 30 jobs last week, which is remarkable for a non-profit organization.

Even though it's not as high as the number of weekly new jobs we saw in January and February (between 2,000 and 2,300 per week), last week's number of 1,722 is a good number in an economy that has regrettably slowed down in the past few months. However, it is somehow reassuring to see the companies listed above are on a hiring spree, in various segments of the green industry.

Monday, September 10, 2012

SunPower Signs PPA with PG&E, Creates 200 Green Jobs

SunPower Corp has just signed a PPA with PG&E to deliver 100 MW of solar energy to California, creating 200 green jobs.


SunPower CorpSunPower Corp has just signed a Power Purchase Agreement (PPA) with Pacific Gas and Electric (PG&E) to deliver the power generated by the Henrietta solar farm in Kings County to the state of California.

According to SunPower Corp, the project will create 200 construction jobs, and inject $72.7 million in the local economy. SunPower Corp has not disclosed how many permanent jobs will be created to operate and maintain the solar farm when it goes online.
The project, when completed will deliver 100 MW of electricity, enough to power an estimated 36,000 average homes.  The solar farm will be built with SunPower's latest solar technology that can rotate the solar panels to follow the sun, which increases efficiency by 25%.

"We are very pleased to be working again with PG&E to deliver cost-competitive solar power at a 100MW scale, while creating jobs and economic opportunity for the local community," said Howard Wenger, SunPower president, regions.

Still, the project is not a sure thing. It is contingent on approval by the California Public Utilities Commission and SunPower's ability to complete all applicable permits. It is expected that construction will begin in 2015, with the plant beginning commercial operation by late 2016.

SunPower Corp has currently 41 open green jobs.

Wednesday, August 15, 2012

Green Jobs Climate Heats Up in D.C. Region

TheGreenJobBank was featured prominently in a Washington Post article on Green Jobs published in the Weekend Jobs Section, 08/09/12.


Published in the Jobs Section of the Washington Post Weekend Edition, Aug. 9, 2012.

As we humans more environmentally conscious, so does the area job market. According to the D.C. Office of Planning, emerging green initiatives could produce more than 169,000 green job opportunities from 2009 to 2028, many of which will result from private sector real estate development projects that required to comply with the Green Building Act.
Learn more about green industry trade associations:
  • American Wind Energy Association (awea.org)
  • American Solar Energy Society (ases.org)
  • Solar Electric Power Association (solarelectricpower.org)
  • Solar Energy Industries Association (seia.org)
  • The Wind Coalition (windcoalition.org)
  • The BlueGreen Alliance (bluegreenalliance.org)
Online resources for green jobs:
  • thegreenjobbank.com
  • eco.org
  • greenjoba.com
  • greenindustryjobs.com
  • grist.org
  • greenbiz.com
  • triplepundit.com
  • cleantechnica.com
  • earthtechling.com

So, what exactly qualifies as a green job? According to the U.S. Bureau of Labor and Statistics, green jobs include jobs in businesses that produce goods or provide services that benefit the environment or conserve natural resources; and jobs in which workers' duties involve making their establishment's processes more environmentally friendly. In addition to technical positions, this includes jobs in engineering, research, accounting, marketing, sales, management and administration.

"The notion of 'green collar jobs' is misleading and limiting" said Bernard Ferret, president of TheGreenJobBank, the leading search engine for green jobs. His search engine crawls the web daily to provide the most current listings available from thousands of websites. The listings come from businesses, nonprofit organizations, trade associations, research labs, green recruiters, and green job boards. The site features hundreds of employer profiles enabling job seekers to research easily the green companies for which they want to work.

"The D.C. area is very different from the rest of the country because it's home to nonprofits such as the World Resources Institute, World Wildlife Fund, Conservation International, GreenPeace, the Sierra Club and The Nature Conservancy" Ferret observed. Of the 10,000 jobs currently on Ferret's website, some 320 are in D.C., with another 320 in Virginia, and 200 in Maryland, many of which are with nonprofits.

For many green employers, the biggest recruiting challenge they face is workforce education and certification. "Our educational system doesn't produce enough trained and certified workers" said Ferret. He reported this to be particularly the case for solar installation and green building jobs.

But for other openings, you need the same skills as you'd need in similar jobs in another type of organization, including passion and commitment. "Our biggest challenge tends to be finding really good communicators," said Mike Tidwell, executive director of the Chesapeake Climate Action Network, which is working to build and mobilize a grassroots movement in our region to call for state, national and international policies that will put us on a path to climate stability. "Organizing for anything, including clean energy solutions, requires good, clear and compelling communications. and I don't see a lot of that skill" he added.

"The green industry is dominated primarily by startups founded by passionate people who have cultivated a product or service that aligns with their values system with the development of a healthy profit center" explained Karen Biscoe, founder of Massachusetts-based Green Search Partner, a full service search firm focusing on executive level recruiting. "When these companies are building a team, they are no different from other entrepreneurs, they want technical depth a well rounded resume and a deep commitment to their mission," she said.

"If you don't value equity as much as stabilityand a steady paycheck, the gren industry may not be the best palce for you," said Biscoe. "But if it is for yo, the persistence of social networking in the recruiting industry has definitively shaped the search process," she continued. "I can sum it up this way: it's no longer who or what you know, it's who knows you."


Friday, July 27, 2012

SolarCity Expansion to Create more Green Jobs in Maryland

SolarCity's success over the past 18 months leads to an expansion of its operations center in Maryland.


SolarCity grew from 10 to 100 employees in its Maryland operations center in the past 18 months. It has provided solar energy systems for over 1,000 buildings in the state.

SolarCity currently offers solar systems for free to Maryland residential customers whose cost per KWh turns out to be less than what the local utilities charge, not counting the benefits to the environment.
 
The opening ceremony of its expanded operations center attracted the presence of local politicians included U.S. Senator Ben Cardin, as well as State Senator Jim Rosapepe and State Delegate Joseline A. Peña-Melnyk.

“Using renewable energy is good for the environment, good for our national and economic security, and good for the customers who get to cut their utility bills. Marylanders are creating a dynamic clean energy economy thanks to effective state energy policies and Federal initiatives designed to empower homeowners and small businesses,” said U.S. Senator Ben Cardin, a member of the Senate Environment and Public Works Committee.
 
“Solar energy makes sense for a wide range of homeowners and businesses,” said SolarCity Regional Vice President Leon Keshishian. “Going solar can save Marylanders significant money on what they’re currently paying for utility power--and it’s easier to go solar now than ever before.”

SolarCity has currently a total of 159 nationwide green job openings listed on TheGreenJobBank that are less than 60 days old, including 8 in Maryland. Its website shows 357 jobs openings, but TheGreenJobBank's policy is to not include those that are more than 60 days old.

The openings in Maryland are for jobs located in Beltsville, Baltimore, Bethesda and Jessup.

TheGreenJobBank has currently 229 green jobs opening in Maryland.