Daniel Tobin, a senior investment officer and senior director at the Department of Energy (DOE), has extensive experience in the energy sector. In his current position at the DOE, Daniel C. Tobin analyzes, identifies, and mitigates the credit risk related to large-scale energy infrastructure projects. He also supports nonprofit organizations such as the American Council on Renewable Energy.
The necessity of utilizing renewable energy has been embraced by several states and organizations. The state of California is considering a bill that would commit it to utilizing 100 percent of renewable energy for its electricity by the year 2045.
State senate proposal SB 100 is a groundbreaking bill that commits the state of California to utilizing 100 percent renewable energy for the state’s electrical needs. Rather than carbon sources, the state would utilize solar, wind, biomass, renewable gas, and hydroelectricity. The bill would also push gas companies to replace their diesel-powered vehicles with vehicles that release low or zero emissions.
In order to meet such an ambitious goal, new technologies will be required, particularly in the area of energy storage. Currently, about 27 percent of the state’s energy is from clean sources, but during peak usage times, natural gas is required to supplement electrical needs. Major advances in storage technology will be required to meet those needs in an affordable way.
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