Showing posts with label Las Vegas. Show all posts
Showing posts with label Las Vegas. Show all posts

Friday, October 5, 2012

Serious payoff: Vegas ought to bet on clean energy

Spending time in Vegas gave me an opportunity, yet again, to experience the power of the almighty dollar.

But it's not the gambling I'm referring to. Although the din of the slots, cries of anguish at the craps games and cool stares from packed blackjack tables are something to behold.

No, it's the Vegas thirst for electrical power that gets me thinking. Massive voltage travels from the grid into the various mini cities on the Strip -- like the new Palazzo resort hotel, which with the Venetian has about 8,000 rooms. That energy flows into the MGM Grand, Caesar's Palace, the Flamingo and all the rest. Just the air conditioning bill would crush a third-world country. Toss in the rest of the operations, high-definition billboards and lighting that can be seen from the space shuttle, and it's enough to keep Nevada Power Co. one of the most stable and profitable investments of all time.

But imagine this: What if Vegas went big for alternative energy and energy efficiency? It's a risk, sure. But where else can you bet on a Wizard of Oz slot, get beer delivered and take a leak just 10 paces away? Vegas thrives on risk.

And while energy efficiency retrofits have proved their value, renewables still have a way to go. For instance, Forbes' Devon Swezey predicts a clean tech crash. "The reason is simple," Swezey writes. "Clean energy is still much more expensive and less reliable than coal or gas."

And the economy bites, subsidies are dying and public sector budgets look like a two-egg breakfast left overnight outside in the hall at the Paris. So what?


Pursuing sustainability: San Antonio seeks to corner clean energy

The mayor of San Antonio has been working to make his Texas city a center of clean energy for the past decade.

In fact, he wants to make it the new energy capital of the world. He tells National Public Radio that Houston is the bona fide energy capital.

This despite San Antonio's location in the center of the nation's oil patch. Or maybe because of that. After all, oil companies are calling themselves energy companies. And what is clean energy but a new way of creating power, just without burning anything.

Mayor Julián Castro announced on NPR's "Talk of the Nation: Science Friday" show that he's lined up an impressive array of companies that plan to make his city their corporate home. "One of them makes electric delivery trucks. One of them, in fact from North Carolina, makes home area networks that work with smart meters. And the other makes LED lighting," he said.

Castro's intent is job creation, and so far he's doing it. His strategy of going green for jobs is supported by a number of reports that have identified clean energy as a great tool to deliver economic development. Already "the clean economy employs more workers than the fossil fuel industry," says the Brookings Institution's "Sizing the Clean Economy: A National and Regional Green Jobs Assessment" report.

The Brookings report also says the clean economy offers more opportunities and better pay for low- and middle-skilled workers than the national economy as a whole.

So if San Antonio could do it, so could other regions, especially those with renewable resources.