Tag Archives: renewable energy

Which HBCU/PBI State Is Winning At Renewable Energy Production?

It is no secret that the world is moving towards a stronger reliance on renewable energy*, but there is a swath of the country that is moving extremely slow to embrace it. That swath is dominated by HBCU/PBI states who still dominantly prefer a traditional energy mix. The move towards renewable energy though is inevitable. This is both for environmental and economic reasons. To the latter, there is a massive investment and entrepreneurship opportunity available to HBCUpreneurs who want to help grow and cultivate the space in their respective states. American Association of Blacks In Energy (AABE) President Ralph Cleveland shared the following thoughts, “We will not meet the demands of energy transformation and climate change without Black institutions. This partnership reinforces the critical role HBCUs play in shaping the face of energy talent, development, and design. Not only do we need to create pathways to the C-Suite but we also need to activate our rich networks for a more inclusive energy ecosystem.” While we agree HBCUs need to create pathways to the C-Suite, we also believe the easiest and most economically empowering path there is to have HBCUs and HBCUpreneurs be the vanguard in creating renewable energy startups as highlighted in The Green Program’s ”19 Black Leaders on the Forefront of Clean Energy’ article. The power in energy like everything else is ultimately in the ownership.

HBCU Money took data from Yale Climate Connections and drilled down to the states that have HBCUs and PBIs located in them to see how the states where African America and its institutions are and will be impacted by the current energy mix in their state and also to highlight the opportunities that lay ahead as well. “Important note: The map shows electricity production within each state’s borders. Many states and utility companies exchange electricity with other states. So this data may not reflect the energy that is actually consumed — as opposed to generated — within each state.”

Why is nuclear not considered a renewable? National Grid states, “Nuclear fuels, such as the element uranium, are not considered renewable as they are a finite material mined from the ground and can only be found in certain locations.”

HIGHLIGHTS:

  • The average HBCU/PBI state has renewable energy of 12% average and 9% median, respectively.
  • Wind supplies the highest average renewable energy at 5% overall and hydropower supplies the highest median energy at 3% overall.
  • Oklahoma, the overall leader, is also the leader in wind energy with 41% of its energy coming from wind.
  • New York is the hydropower leader among HBCU/PBI states with 23% of its energy mix coming from water.
  • California is the solar power leader among HBCU/PBI states with 19% of its energy mix coming from the sun.
  • Only 6 of the 23 states have a double digit renewable energy source in their energy mix. Oklahoma, California, New York, Texas, Tennessee, Illinois.

OKLAHOMA

Renewable Electricity Generation: 44%

Renewable Rank Among All 50 States: 10th

Coal: 14%

Fossil Gas: 42%

Nuclear: 0%

Hydro: 3%

Wind: 41%

Solar: 0%

CALIFORNIA

Renewable Electricity Generation: 36%

Renewable Rank Among All 50 States: 13th

Coal: 0%

Fossil Gas: 47%

Nuclear: 9%

Hydro: 8%

Wind: 8%

Solar: 19%

NEW YORK

Renewable Electricity Generation: 28%

Renewable Rank Among All 50 States 16TH

Coal: 0%

Fossil Gas: 45%

Nuclear: 25%

Hydro: 23%

Wind: 3%

Solar: 1%

TEXAS

Renewable Electricity Generation: 26%

Renewable Rank Among All 50 States: 18th

Coal: 20%

Fossil Gas: 44%

Nuclear: 9%

Hydro: 0%

Wind: 23%

Solar: 3%

MASSACHUSETTS

Renewable Electricity Generation: 15%

Renewable Rank Among All 50 States: 22ND

Coal: 0%

Fossil Gas: 76%

Nuclear: 0%

Hydro: 6%

Wind: 1%

Solar: 8%

TENNESSEE

Renewable Electricity Generation: 15%

Renewable Rank Among All 50 States: 23RD

Coal: 23%

Fossil Gas: 16%

Nuclear: 46%

Hydro: 14%

Wind: 0%

Solar: 0%

NORTH CAROLINA

Renewable Electricity Generation: 13%

Renewable Rank Among All 50 States: 26th

Coal: 16%

Fossil Gas: 37%

Nuclear: 34%

Hydro: 5%

Wind: 0%

Solar: 8%

ILLINOIS

Renewable Electricity Generation: 11%

Renewable Rank Among All 50 States: 28TH

Coal: 23%

Fossil Gas: 11%

Nuclear: 54%

Hydro: 0%

Wind: 11%

Solar: 0%

INDIANA

Renewable Electricity Generation: 10%

Renewable Rank Among All 50 States: 30TH

Coal: 61%

Fossil Gas: 29%

Nuclear: 0%

Hydro: 0%

Wind: 9%

Solar: 1%

ALABAMA

Renewable Electricity Generation: 9%

Renewable Rank Among All 50 States: 32ND   

Coal: 20%

Fossil Gas: 38%

Nuclear: 33%

Hydro: 8%

Wind: 0%

Solar: 0%

MARYLAND

Renewable Electricity Generation: 9%

Renewable Rank Among All 50 States: 33RD  

Coal: 14%

Fossil Gas: 36%

Nuclear: 40%

Hydro: 6%

Wind: 1%

Solar: 2%

MICHIGAN

Renewable Electricity Generation: 8%

Renewable Rank Among All 50 States: 34TH  

Coal: 33%

Fossil Gas: 26%

Nuclear: 30%

Hydro: 1%

Wind: 7%

Solar: 0%

ARKANSAS

Renewable Electricity Generation: 7%

Renewable Rank Among All 50 States: 35TH  

Coal: 36%

Fossil Gas: 34%

Nuclear: 23%

Hydro: 7%

Wind: 0%

Solar: 1%

GEORGIA

Renewable Electricity Generation: 7%

Renewable Rank Among All 50 States: 36TH  

Coal: 16%

Fossil Gas: 47%

Nuclear: 29%

Hydro: 3%

Wind: 0%

Solar: 0%

KENTUCKY

Renewable Electricity Generation: 7%

Renewable Rank Among All 50 States: 37th  

Coal: 72%

Fossil Gas: 21%

Nuclear: 0%

Hydro: 7%

Wind: 0%

Solar: 0%

VIRGINIA

Renewable Electricity Generation: 5%

Renewable Rank Among All 50 States: 39TH  

Coal: 3%

Fossil Gas: 58%

Nuclear: 31%

Hydro: 1%

Wind: 0%

Solar: 4%

SOUTH CAROLINA

Renewable Electricity Generation: 5%

Renewable Rank Among All 50 States: 40th  

Coal: 16%

Fossil Gas: 24%

Nuclear: 56%

Hydro: 3%

Wind: 0%

Solar: 2%

FLORIDA

Renewable Electricity Generation: 4%

Renewable Rank Among All 50 States: 43RD   

Coal: 8%

Fossil Gas: 75%

Nuclear: 12%

Hydro: 0%

Wind: 0%

Solar: 4%

LOUISIANA

Renewable Electricity Generation: 2%

Renewable Rank Among All 50 States: 47TH   

Coal: 11%

Fossil Gas: 57%

Nuclear: 24%

Hydro: 2%

Wind: 0%

Solar: 0%

DELAWARE

Renewable Electricity Generation: 2%

Renewable Rank Among All 50 States: 49TH   

Coal: 8%

Fossil Gas: 88%

Nuclear: 0%

Hydro: 0%

Wind: 0%

Solar: 2%

MISSISSIPPI

Renewable Electricity Generation: 1%

Renewable Rank Among All 50 States: 50TH   

Coal: 8%

Fossil Gas: 73%

Nuclear: 18%

Hydro: 0%

Wind: 0%

Solar: 1%

The Finance & Tech Week In Review – 2/18/17

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Every Saturday the HBCU Money staff picks ten articles they were intrigued by and think you will enjoy for some weekend reading impacting finance and tech.

Nearly half of current jobs could be automated by 2055, according to a new report / WEF wef.ch/2k6MGrw

Individuals tend to invest in assets that have recently done well. What about institutions? / St. Louis Fed bit.ly/2lnjyAT

Coping with the loss of a spouse? Avoid these mistakes & manage your money through your grief. / FINRA ow.ly/CKeu3094YD3

Want to give your brain a boost? Running may be the answer / WEF wef.ch/2lnje5Z

Here’s why we’re happier as we get older / WEF wef.ch/2kREFv8

Massachusetts Lawmakers Propose Goal of 100 Percent Renewable Energy by 2050 / Renewable Cities buff.ly/2lYSHrZ

Here’s how the US government can bolster cybersecurity / CIOonline ow.ly/9KfO3097BUg

Once, up to 60 million buffalo roamed US. Yellowstone now holds 5000 – and some say it’s too many / New Scientist bit.ly/2kGqrsW

Microsoft app helps people with ALS speak using just their eyes / New Scientist bit.ly/2kHICOS

70% Of Trump Voters Want Clean Energy To Make America Great Again / Clean Technica ow.ly/Fnf33097BzC

The Finance & Tech Week In Review – 2/11/17

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Every Saturday the HBCU Money staff picks ten articles they were intrigued by and think you will enjoy for some weekend reading impacting finance and tech.

Explore the legacy of Freedman’s Bank, est. 1865 for former slaves & African-American soldiers / NY Fed nyfed.org/2kPT4pf

These major cities are starting to go car-free / WEF wef.ch/2kciqM2

The fiscal cost of #studentdebt relief programs varies widely by repayment plan, income, and debt / KC Fed ow.ly/Ffrm308SXzM

Is this the end of the West? / WEF wef.ch/2kQxZKQ

30% of adults live near their parents; parental proximity & earnings consequences / Cleveland Fed ow.ly/Vutz308QGvB

India May Have Revived Plans For 7.5 Gigawatts Of Solar Projects / Clean Technica ow.ly/5GU8308Tbo0

Learn how to conserve coral reef #ecosystems / NOAA Research go.usa.gov/x9e2H

Stinky armpits? Bacteria from a less smelly person can fix them / New Scientist ow.ly/kGKC308Sshq

Renewables missing from Trump’s energy plan / CIOonline ow.ly/Q2gi308TaqX

There’s a new player in the Hyperloop game / New Atlas newatl.as/2kXlMqQ

The Finance & Tech Week In Review – 1/21/17

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Every Saturday the HBCU Money staff picks ten articles they were intrigued by and think you will enjoy for some weekend reading impacting finance and tech.

Public investment in K-12 schools has declined dramatically in a number of states over the last decade. / CBPP ow.ly/aasE308d4WH

Industry reacts: Is HUD’s FHA mortgage insurance premium suspension good or bad? / Housing Wirebit.ly/2k9DByz

The rise of American ingenuity: innovation and inventors of the golden age / NBER bit.ly/2j2Gjse

92% of us are breathing unsafe air. This map shows just how bad the problem is / WEF wef.ch/2iRWlli

Best of Davos: ASEAN is 50, and it’s come a long way. Here’s why you should care / WEF wef.ch/2jcFwCq

Robot reporter gets first article published in China / Computerworld ow.ly/jkDC308aMOF

“Sweden sets 100% renewable energy production target” / Renewable Cities buff.ly/2iKKrNk
Slip a robotic sleeve over a weak heart, and it keeps on pumping / Science News ow.ly/nm6H308aMHX
China reminds Trump that supercomputing is a race / Computerworld ow.ly/kLuI308aMDJ
A-to-Z Review Finds California’s Clean Cars Program Is Working / Clean Technica ow.ly/lknI308aMya

HBCU Money™ Dozen 12/14 – 12/18

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Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.

Research

5 ways 2015 changed enterprise software forever l CIOonline http://trib.al/Xxtp3aA

Apple and IBM partnership yields 100 iOS enterprise apps l CIOonline http://trib.al/1pFDyUg

Why social media needs to have a code of ethics for clinical research l CIOonline http://ow.ly/W6qEo

Migraine changes your world. It’s time for a new approach to treatment l New Scientist http://ow.ly/W6qIY

Where in the world have we achieved 100% renewable power? l Renewable Cities http://ow.ly/W5rhU

What made #CITES shark protections so successful? l Pew Environment http://pew.org/1Nu5T37

Federal Reserve, Central Banks, & Financial Departments

What being #bilingual can do for your #brain l WEF http://wef.ch/1O8aaEm

What are vertical farms, and can they really feed the world? l WEF http://wef.ch/1Pay3hZ

#Remittances, often the 1st financial service #migrants use. What’s the cost? l World Bank http://wrld.bg/W5a9H

A history of U.S. debt limits l NBER http://bit.ly/1OAWWQY

Why friends shouldn’t go into business together l WEF http://ow.ly/W6rnO

Price Equalization Does Not Imply Free Trade l St. Louis Fed http://bit.ly/1Zg1UKB

hank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.