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New York City, United States [RenewableEnergyWorld.com] Close to US $155 billion was invested in 2008 in renewable energy companies and projects worldwide, not including large hydro. Of this $13.5 billion of new private investment went into companies developing and scaling-up new technologies alongside $117 billion of investment in renewable energy projects from geothermal and wind to solar and biofuels. The 2008 investment is more than a four-fold increase since 2004 according to Global Trends in Sustainable Energy Investment 2009, prepared for the UN Environment Programme's (UNEP) Sustainable Energy Finance Initiative by global information provider New Energy Finance. Of the $155 billion, $105 billion was spent directly developing 40 GW of power generating capacity from wind, solar, small-hydro, biomass and geothermal sources. A further $35 billion was spent on developing 25 GW of large hydropower, according to the report.

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A Seattle company is hoping to convert the motion of the ocean into electricity. Grays Harbor Ocean Energy Company has asked the Federal Energy Regulatory Commission for permits to harness energy from waves off the coastline of six states. In all, the company would build seven harnessing sites - in federal waters off California, Hawaii, Massachusetts, New Jersey, New York and Rhode Island - each covering about 100 square miles.

"A new study by the Department of Energy's National Renewable Energy Laboratory (NREL) has revealed that U.S. wind resources are far greater than previously believed. The study, a collaborative project between NREL and AWS Truewind, LLC, of Albany, New York, created resource maps and wind potential tables for 48 states. The recent study is the first comprehensive update of the wind energy potential by state since 1993. The resource maps for the contiguous United States, and separately for each state, show the predicted mean annual wind speeds at 80-meter height. They are derived from 200-meter resolution maps developed by AWS Truewind for the windNavigator system. Areas with annual average wind speeds around 6.5 m/s and greater at 80-meter height are generally considered to have suitable wind resources for wind development"

In a new study, conducted by the Rock Mountain Institute, it has been found that electricity consumption can be reduced by 30 percent through energy efficiency and coal powered power generation can be reduced by 60 percent. vote nowBuzz up! The study, which spanned across 50 states, identified five states with highest electric productivity rates - New York, Alaska, Connecticut, Delaware and California - and stated that if all other states were to adopt similar efficiency parameters are implemented in other states the whole country can save up to 1.2 million gigawatt-hours annually. The study also brought out the long-term benefits of improving the electric productivity