Posts tagged with "solar power"

California Ranks 3rd in Nation for Clean Energy Jobs

Clean energy jobs paid 25% more than the national median wage in 2019 and were more likely to include health care and retirement benefits, according to a first-of-its-kind analysis of federal occupational wage and benefits data prepared for E2 (Environmental Entrepreneurs), the American Council on Renewable Energy (ACORE), and the Clean Energy Leadership Institute (CELI) by BW Research Partnership.

The Clean Jobs, Better Jobs report is the first comprehensive analysis of wages and benefits across the clean energy sector. According to the report, workers in renewable energy, energy efficiency, grid modernization and storage, clean fuels and clean vehicles earned a median hourly wage of $23.89 in 2019 compared with the national median wage of $19.14. In addition, jobs in many clean energy sectors are more likely to be unionized and come with health care and retirement benefits than the rest of the private sector, the analysis shows.

Clean Jobs, Better Jobs comes amid the growing national dialogue around clean energy as federal and state leaders look for ways to restart the economy. The findings underscore the opportunity to advance smart clean energy policies that create higher-wage opportunities putting Americans back to work quickly rebuilding a cleaner, more resilient and more equitable economy. The report also provides detailed wage, benefit, education and demographic data for 15 specific clean energy occupations, and how they compare with similar jobs in other industries outside of clean energy.

Overall, median wages in clean energy are significantly higher than median wages in sectors such as retail, services, recreation and accommodations, especially when it comes to entry-level wages. Solar energy workers earn $24.48 an hour, while wind and grid modernization jobs pay on average more than $25 an hour. Energy efficiency – the largest employer in the nation’s energy sector – supports a median hourly wage of $24.44, about 28% above the national median.

Many clean energy jobs also paid better than fossil fuel jobs. Jobs in coal, natural gas and petroleum fuels paid $24.37 an hour, while solar and wind jobs combined for a $24.85 median hourly wage. Clean energy industries also employed about three times more workers than fossil fuels did in 2019, and, unlike fossil fuel jobs, clean energy jobs are available in every state, regardless of geology or geography.

Before COVID-19, clean energy had been one of the nation’s fastest-growing sectors. At the end of 2019, clean energy employed nearly 3.4 million workers across 99% of U.S. counties, according to E2’s Clean Jobs America report.

Bob Keefe, Executive Director at E2, said:

“This is just one more indication that focusing on clean energy is the smart thing to do as lawmakers look to rebuild our economy and get Americans back to work.

“These jobs pay better, come with better benefits – and they’re also helping fight climate change and the growing economic costs that come with it. We need policies that ensure these good-paying jobs continue to grow and are available to every American in every state.”

Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE), said:

“More renewable energy means more high-quality jobs with good pay and better benefits for more Americans. Investing in these jobs is both smart for the economy and essential for the climate. With the right policies in place, the renewable industry can put people to work powering our nation’s economic recovery – as it did in 2009 – and play a critical role in achieving the greenhouse gas emissions reductions scientists say are necessary to avoid the worst impacts of climate change.”

Becca Ward, Acting Executive Director of CELI, said:

“Emerging leaders know the future of energy is clean energy. This report illustrates that clean energy careers are already a critical part of the economy and the recovery from COVID-19. Now the essential work is to ensure that in the greater energy transition, these benefits and opportunities are centered in equity and the frontline communities most impacted by climate change, COVID-19, and ongoing racial injustices.”

Phil Jordan, Vice President and Principal at BW Research Partnership, said:

“The U.S. economy has shed millions of jobs since the onset of COVID-19. Clean energy investments can create new opportunities for these displaced workers, in jobs that pay more and are more likely to include benefits than the average jobs lost during the pandemic.”

State Findings

Clean energy industries in six states paid wages at least 20% higher than the statewide median, led by California (29.2%), Texas (27.6%) and Louisiana (24.9%). Six states plus the District of Columbia (D.C.) had median hourly wages above $25 an hour in clean energy, led by Massachusetts ($29.80), D.C. ($27.60) and California ($27.50).

Other Report Findings

  • The unionization rate across all clean energy occupations (9%) was slightly higher than the national private-sector average (6%)
  • Common occupations – such as electrician, construction laborer, and welder – typically pay a premium when they’re involved in clean energy industries. Electricians who work in clean energy, for instance, make a median $29.64 per hour – about $2.60 more per hour than electricians overall.
  • Wage premiums for clean energy occupations are highest for entry-level positions.

For expanded findings, including detailed profiles on 15 specific clean energy occupations, download the full report here.

Casio Releases New EDIFICE × Honda Watch

Today, Casio America, Inc. is expanding its popular EDIFICE collection with the addition of a new Honda Racing Collaboration Model, the EFS560HR-1A. Inspired by the drive and momentum of the Honda Racing team, the new limited edition EFS560HR boasts key design elements that embody the velocity and energy of motorsports.

Embracing the speed and force of the Honda Racing team, the new EDIFICE EFS560HR sports a bold look. Its black Cordura band and red accents match the signature colors of the team. 

The carbon fiber dial resembles the look of an asphalt racetrack and features the Honda Racing logo; gold lettering marks the EDIFICE 20th anniversary and a sapphire crystal enhances the dial while protecting it from scratches. The metal strap keeper and back plate are engraved with the Honda logo, while the EDIFICE 20th anniversary logo is engraved on the case back.

Additional features include solar power, a 1/1 sec. stopwatch (30 minutes), and water resistance up to 100 meters. The EFS560HR will be available for a MSRP of $400 this October at select retailers nationwide, as well as at Casio.com.

Azuri Technologies X Energise Africa Launch UK Crowd Campaign

Azuri Technologies, a leader in pay-as-you-go solar in Africa and crowdfunding platform Energise Africa today announced the latest phase of debt financing from UK impact investors to deliver affordable, clean energy and help solve the energy crisis in sub-Saharan Africa.

The Azuri and Energise Africa collaboration plans to raise £2.5 million for pay-as-you-go-solar and help more than 100,000 off-grid people in Sub-Saharan Africa access clean, affordable energy.

The investment will support low-income families in Kenya, Nigeria, Uganda, Zambia and Tanzania.

More than 600 million people across Africa live without access to electricity – limiting their life chances of achieving economic prosperity and improved quality of life. Universal access to affordable, reliable and modern energy services is one of the United Nation’s Sustainable Development Goals and can only be met with access to sufficient investment.

Crowdfunding has emerged as a powerful way of financing the off-grid solar industry and is leading the way in increasing investor interest in the market.

Through Energise Africa, individuals in the UK can invest from as little as £50 in bonds, issued by solar businesses, to provide clean and affordable energy access, while targeting annual returns of 6%. Capital is at risk and returns are not guaranteed.

Azuri is a leader in pay-as-you-go solar technology and since 2012 has been supplying affordable solar home systems and products to the millions across Africa living off-grid without access to mains electricity.

In 2018, Azuri and Energise Africa raised £1.7 million from hundreds of UK investors to deliver clean, affordable energy products to more than 16,000 families in sub-Saharan Africa.

Simon Bransfield-Garth, CEO of Azuri said: “Azuri is delighted to extend our partnership with Energise Africa and their community of UK-based retail investors to finance off-grid solar projects. With this innovative financing, thousands more households will be able to access modern solar energy for the first time.”

Lisa Ashford, Managing Director Energise Africa said: “Through Energise Africa, we are committed to providing UK based people with easily accessible opportunities to invest directly in sustainable businesses that can tackle climate change, create long-term social and environmental impact, and also deliver a potential financial return. We’re looking forward to the prospect of working with Azuri Technologies again to help accelerate the achievement of UN SDG 7.

Energise Africa has been developed by Ethex and Lendahand – two of Europe’s leading impact investing companies and is also supported by UK aid, Virgin Unite, Good Energies Foundation and P4G.

Over the past 20 months the Energise Africa community of investors has generated over £7.57 million for 12 solar businesses to provide 312,000 people in 10 African countries with access to clean energy, which has prevented almost 70,000 tonnes of CO2 emissions entering the atmosphere annually and also repaid almost £1.8 million back to investors.

Investing in Energise Africa projects via the www.energiseafrica.co.uk site involves risk, including the loss of all of your invested capital, illiquidity (the inability to sell assets quickly or without substantial loss in value), and it should be done only as part of a diversified portfolio.

The investment opportunities on www.energiseafrica.co.uk are not an offer to the public in any jurisdiction and are available only to registered members of the platform who have certified that they are eligible to invest. Any person who is not resident in the United Kingdom who wishes to view these investment opportunities must first satisfy themselves that they are eligible to do so under the securities laws and regulations applicable to them. This site does not constitute an offer of, or the solicitation of an offer to buy or subscribe for, any securities to any person in any jurisdiction to whom or in which such offer or solicitation would be unlawful.

In respect of its regulated activities, Lendahand Ethex Ltd is an appointed representative of Share In Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 603332).