A Danish architectural firm is taking a well-known method of energy storage and applying it to renewable energy, turning unused land surrounded by water into Green Power Islands.
The United States Department of Energy (DOE) has awarded $377 million in funding to 46 new Energy Frontier Research Centers (EFRC). The centers will be built at 31 universities, various non-profits, research organizations, and private firms across America.
An analysis from the research and consulting firm Frost & Sullivan says that alternative green energy storage options are "opening up as a significant industry with immense potential."
But high costs are hindering the speed of green energy storage development and its large-scale commercialization.
Greentech Media has released data that shows venture capital investment in renewable energy sectors has risen 50% in the second quarter of 2009.
In Q2, $1.2 billion USD was invested through 85 deals in renewable energy sectors. This is a sharp rise from the $836 million USD that was invested through 59 deals in the first quarter of 2009.