RI bill rewards renewable energy users
RHODE ISLAND - Homeowners who use renewable energy systems such wind turbines or solar panels for power could get a financial boost under a new Rhode Island law.
Gov. Don Carcieri announced that he signed legislation permitting people to get a credit on up to 10 utility accounts or get a cash refund when their green power systems send surplus energy back into the power grid for others to use.
The General Assembly passed similar legislation last year, but state utility regulators limited the credits to only five utility accounts.
Rep. David Segal, a bill sponsor, said in a written statement that people who operate green power projects shouldn't have to give away their electricity for free under rules that benefit power companies.
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Ex-SpaceX engineers in race to build first commercial electric speedboat
LOS ANGELES - A team of former SpaceX rocket engineers have joined the race to build the first commercial electric speedboat.
The Arc Boat company announced it had raised $4.25m (£3m) in seed funding to start work on a 24ft 475-horsepower craft that will cost about $300,000.
The LA-based company, which is backed by venture capital firm Andreessen Horowitz (an early backer of Facebook and Airbnb), said the first model of the Arc One boat would be available for sale by the end of the year.
Mitch Lee, Arc’s chief executive, said he wanted to build electric boats because of the impact conventional…
