GE Bringing State-of-the-Art Smart Grid Efficiency, Reliability and Productivity Technologies to China
Yangzhou City Government Hosting Demonstration of GE’s Smart Grid Breakthroughs, from Wireless Smart Meters to Advanced Network Software
ATLANTAThe City of Yangzhou and GE (NYSE: GE) will be working together to help bring the benefits of smart grid technologies to China. GE is building an extensive smart grid demonstration center in the Yangzhou New Economy and Development Zone that will verify how GE technologies deployed throughout the world can help China improve the reliability, efficiency and carbon footprint of its energy delivery. Yangzhou is located on the Yangtze River in China’s Jiangsu province.
“We value GE’s end-to-end infrastructure vision and the fact that they are delivering technologies already proven for reliability and savings”.“China has experienced unbelievable growth over the past decade, creating a massive need for energy to power businesses and consumer lifestyles—so the time is right for Yangzhou to become a smart city,” said Mark Norbom, president and CEO of GE’s China business. “As Chinese engineers design new cities and upgrade existing infrastructure, we’re going to show them how GE technology can help build a world-class model of reliability and efficiency at just about every point in the transmission, distribution and consumption processes. Yangzhou’s initiative will be a showcase to demonstrate how China can get the power it needs and reduce energy’s environmental impact at the same time.”
The technology engagement will include a huge array of GE products that affect energy in homes, on power lines and in a utility’s network control center.
“We value GE’s end-to-end infrastructure vision and the fact that they are delivering technologies already proven for reliability and savings,” said Mr. Zhengyi Xie, the city mayor of Yangzhou. “We hope GE’s advanced smart grid technology will enhance the local infrastructure and the whole relevant industry as well.”
Home energy technologies in the demonstration include advanced metering infrastructure (AMI) smart meters—with dynamic pricing and WiMAX communications interfaces—that serve as the hub of home energy savings. Savings tools operated through the meter include home energy management systems, programmable thermostats, smart appliances that perform activities based on energy availability and cost and demand-response systems that reduce home energy usage during times of peak energy demand.
Grid infrastructure and control technologies in the demonstration include automated outage identification and restoration software, field-force automation and deployment systems and grid-wide network management software.
The initiative may also include installation and demonstration of home-based charging stations for plug-in hybrid electric vehicles PHEVs). Teamed with dynamic pricing that encourages charging overnight, PHEVs can enable electric cars to become more commonplace—reducing China’s need for oil while greatly lowering the carbon footprint of each mile driven.
Through industry collaborations, GE will deliver one of the broadest portfolio offerings of carbon-smart technologies in the industry to modernize electrical systems from the power plant to the consumer. From smarter appliances and technologies for plug-in hybrid vehicles, to providing renewable technologies and smart meters, GE’s innovation and leadership is delivering integrated, large-scale smart grid deployments, leveraging technology synergies and delivering results. www.itsyoursmartgrid.com.
About GE
GE is a diversified global infrastructure, finance and media company that's built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.
GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With 60,000 global employees and 2008 revenues of $38.6 billion, GE Energy www.ge.com/energy is one of the world’s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energy—GE Power & Water, GE Energy Services and GE Oil & Gas—work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.
For more information, visit the company’s Web site at www.ge.com. GE is imagination at work.
_________________________________________________
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Saturday, January 09, 2010
Tuesday, January 05, 2010
Kandi Technologies, Corp. Forges Strategic Alliance With Major Energy, IT and Battery Companies to Help Launch New Electronic Vehicle (EV) Era in Chin
Kandi Technologies, Corp. Forges Strategic Alliance With Major Energy, IT and Battery Companies to Help Launch New Electronic Vehicle (EV) Era in China
Innovative Open Architecture Business Model for Mass Adoption of EVs Reduces EV Purchase Costs, Eliminates Battery Maintenance Concerns and Substantially Increases Driving Ranges
JINHUA, CHINA-- January 4, 2010 - Kandi Technologies, Corp. (NASDAQ: KNDI) today announced it has formed a strategic alliance with China Potevio/CNOOC New Energy and Power, Ltd. -- a joint venture of China National Offshore Oil Corporation (CNOOC) and China Potevio Co. -- and Tianneng Power International, Ltd., aimed at speeding up the commercialization and achieving mass adoption of Pure Electronic Vehicles (Pure EVs) in China. Working together with government support, the companies believe they are the first in China with an innovative automotive transportation business model that provides a comprehensive solution to overcome current obstacles to an oil free future.
Within the Alliance, formally named "Alliance for Chinese Electric Vehicle Development and Commercialization," Kandi -- an established China-based leader in the design and manufacture of all terrain recreational vehicles and developer of the "COCO," a battery powered low-speed vehicle for casual driving -- expects to design and manufacture electric cars with patented (and patent pending) technology that permits easy battery removal and replacement, which is central to the new open architecture business model.
Mr. Xiaoming Hu, Chairman and CEO of Kandi, who spearheaded the new Alliance, stated, "We now have a core group of highly competent, like minded companies, with backing from the government who see the future of transportation in China -- zero emission vehicles powered by electricity that will decisively improve China's environment and help free us from dependence on foreign oil. Kandi is privileged to be part of this group which, among other things, we believe will help solidify our leadership in building and marketing electric vehicles."
Mr. Hu continued, "While auto companies around the world are racing to create and sell EVs, it is widely recognized that the key 'bottlenecks' to creating a mass market for battery powered vehicles include their relatively short driving ranges, high costs, long charging times and limited facilities for recharging. These are hurdles our Alliance believes can be overcome with an open architecture strategy which we aim to implement over time with government cooperation on a city by city basis throughout China. Our initial test city will be Jinhua City with a population of nearly five million in one of China's most economically advanced regions and where Kandi is headquartered. To our knowledge, if we are successful, Jinhua will be the first city in China with a comprehensive model EV transportation system in place."
The New EV Business Model
The new EV business model of the Alliance focuses on the specific transportation needs of China's rapidly growing urban centers and an anticipated high degree of government cooperation. Some of the current key elements of the model include:
-- Building a comprehensive network of EV "battery stations" throughout each city for one-stop battery charging, replacement, recycling and rental-- Powering the battery stations with a centralized industrial "battery charging farm" in each city that can optimize electrical usage and costs-- Selling affordable pure electrical cars without batteries -- equipped, however, with Kandi's patented (and patent pending) technology for easy battery removal and replacement-- Making traditional batteries available on a lifetime, maintenance free rental basis -- and replacing, maintaining, and recycling them at the battery stations-- Obtaining government support not only in the form of subsidies for car ownership, but also for operational requirements such as permits for battery station construction and operation-- Reflecting the fact that most commuting in China is intra-city, covering relatively short distances, the model will be tested initially in Jinhua City and then in other mid-size cities. Expansion would be via the existing network of Alliance partners or by duplicating the model with other new partners.
Removing All Key Obstacles To Success
The advantages of this model to drivers of EVs are clear, starting first and foremost with the purchase price of their cars, which will be much lower without batteries, and with anticipated government subsidies. Further, they will never have to worry about owning, maintaining or disposal of their batteries. Significantly, they also will have no worries about safely driving too far away anywhere within or just outside their city limits. Over time, driving ranges will expand as the model is expanded to neighboring cities and regions.
For Alliance partners, the key revenue stream will be revenues from the battery stations, which will operate in a "green" and efficient mode on energy supplied by the battery charging farm. Scale up in revenues will occur as EV usage and sales expand and more battery stations are built in new cities.
Alliance Members (in addition to Kandi)
Potevio/CNOOC New Energy and Power Ltd. is a joint venture between China Potevio Co. Ltd. Group and China National Offshore Oil Corporation or CNOOC. China Potevio Co. Ltd. is one of the largest state owned enterprises in China which focuses on IT equipment and service. China National Offshore Oil Corporation, is China's largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world. The Group mainly engages in oil and natural gas exploration, development, production and sales. The Potevio/CNOOC joint venture strives to develop and to invest in alternative energy technology in China.
Tianneng Power International, Ltd. and its subsidiaries is one of China's largest battery producers which engages in producing and selling lead-acid motive battery for electric bikes, Ni-MH batteries and lithium battery products. The Group also has entered the fields of solar and wind energy storage batteries as of 2009.
Mr. Hu commented further, "Our new Alliance is committed to the success of its revolutionary business model on a large scale over time. Nevertheless, while many of the key elements for such success are in place, there are still several key issues to be resolved. In the weeks and months ahead, I'm sure each member, including Kandi, will be providing periodic updates and new details on the progress of the Alliance, as we work diligently to bring to fruition what we believe will be one of the most important chapters in the commercialization of electric vehicles in China."
About the Company
Kandi Technologies, Corp. (NASDAQ: KNDI) ranks as one of the largest manufacturers and exporters of go-karts in China, making it a world leader in the production of this popular recreational vehicle. It also ranks among the leading manufacturers in China of all terrain vehicles (ATVs), and specialized utility vehicles (UTVs), especially for agricultural purposes. Recently, it introduced a second generation high mileage, two seater three-wheeled motorcycle. A major company focus also has been on the manufacture and sales of a highly economical, beautifully designed, all electric super mini car -- the COCO -- for neighborhood driving and commuting. Kandi believes that battery powered, electric super minis will become the Company's largest revenue and profit generator. The Company's products can be viewed at http://www.kandivehicle.com. Its corporate/ir website is http://www.chinakandi.com.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the Securities and Exchange Commission.
___________________________________________
News & Stories Published at Clean Energy Stocks Blog.
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The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
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Innovative Open Architecture Business Model for Mass Adoption of EVs Reduces EV Purchase Costs, Eliminates Battery Maintenance Concerns and Substantially Increases Driving Ranges
JINHUA, CHINA-- January 4, 2010 - Kandi Technologies, Corp. (NASDAQ: KNDI) today announced it has formed a strategic alliance with China Potevio/CNOOC New Energy and Power, Ltd. -- a joint venture of China National Offshore Oil Corporation (CNOOC) and China Potevio Co. -- and Tianneng Power International, Ltd., aimed at speeding up the commercialization and achieving mass adoption of Pure Electronic Vehicles (Pure EVs) in China. Working together with government support, the companies believe they are the first in China with an innovative automotive transportation business model that provides a comprehensive solution to overcome current obstacles to an oil free future.
Within the Alliance, formally named "Alliance for Chinese Electric Vehicle Development and Commercialization," Kandi -- an established China-based leader in the design and manufacture of all terrain recreational vehicles and developer of the "COCO," a battery powered low-speed vehicle for casual driving -- expects to design and manufacture electric cars with patented (and patent pending) technology that permits easy battery removal and replacement, which is central to the new open architecture business model.
Mr. Xiaoming Hu, Chairman and CEO of Kandi, who spearheaded the new Alliance, stated, "We now have a core group of highly competent, like minded companies, with backing from the government who see the future of transportation in China -- zero emission vehicles powered by electricity that will decisively improve China's environment and help free us from dependence on foreign oil. Kandi is privileged to be part of this group which, among other things, we believe will help solidify our leadership in building and marketing electric vehicles."
Mr. Hu continued, "While auto companies around the world are racing to create and sell EVs, it is widely recognized that the key 'bottlenecks' to creating a mass market for battery powered vehicles include their relatively short driving ranges, high costs, long charging times and limited facilities for recharging. These are hurdles our Alliance believes can be overcome with an open architecture strategy which we aim to implement over time with government cooperation on a city by city basis throughout China. Our initial test city will be Jinhua City with a population of nearly five million in one of China's most economically advanced regions and where Kandi is headquartered. To our knowledge, if we are successful, Jinhua will be the first city in China with a comprehensive model EV transportation system in place."
The New EV Business Model
The new EV business model of the Alliance focuses on the specific transportation needs of China's rapidly growing urban centers and an anticipated high degree of government cooperation. Some of the current key elements of the model include:
-- Building a comprehensive network of EV "battery stations" throughout each city for one-stop battery charging, replacement, recycling and rental-- Powering the battery stations with a centralized industrial "battery charging farm" in each city that can optimize electrical usage and costs-- Selling affordable pure electrical cars without batteries -- equipped, however, with Kandi's patented (and patent pending) technology for easy battery removal and replacement-- Making traditional batteries available on a lifetime, maintenance free rental basis -- and replacing, maintaining, and recycling them at the battery stations-- Obtaining government support not only in the form of subsidies for car ownership, but also for operational requirements such as permits for battery station construction and operation-- Reflecting the fact that most commuting in China is intra-city, covering relatively short distances, the model will be tested initially in Jinhua City and then in other mid-size cities. Expansion would be via the existing network of Alliance partners or by duplicating the model with other new partners.
Removing All Key Obstacles To Success
The advantages of this model to drivers of EVs are clear, starting first and foremost with the purchase price of their cars, which will be much lower without batteries, and with anticipated government subsidies. Further, they will never have to worry about owning, maintaining or disposal of their batteries. Significantly, they also will have no worries about safely driving too far away anywhere within or just outside their city limits. Over time, driving ranges will expand as the model is expanded to neighboring cities and regions.
For Alliance partners, the key revenue stream will be revenues from the battery stations, which will operate in a "green" and efficient mode on energy supplied by the battery charging farm. Scale up in revenues will occur as EV usage and sales expand and more battery stations are built in new cities.
Alliance Members (in addition to Kandi)
Potevio/CNOOC New Energy and Power Ltd. is a joint venture between China Potevio Co. Ltd. Group and China National Offshore Oil Corporation or CNOOC. China Potevio Co. Ltd. is one of the largest state owned enterprises in China which focuses on IT equipment and service. China National Offshore Oil Corporation, is China's largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world. The Group mainly engages in oil and natural gas exploration, development, production and sales. The Potevio/CNOOC joint venture strives to develop and to invest in alternative energy technology in China.
Tianneng Power International, Ltd. and its subsidiaries is one of China's largest battery producers which engages in producing and selling lead-acid motive battery for electric bikes, Ni-MH batteries and lithium battery products. The Group also has entered the fields of solar and wind energy storage batteries as of 2009.
Mr. Hu commented further, "Our new Alliance is committed to the success of its revolutionary business model on a large scale over time. Nevertheless, while many of the key elements for such success are in place, there are still several key issues to be resolved. In the weeks and months ahead, I'm sure each member, including Kandi, will be providing periodic updates and new details on the progress of the Alliance, as we work diligently to bring to fruition what we believe will be one of the most important chapters in the commercialization of electric vehicles in China."
About the Company
Kandi Technologies, Corp. (NASDAQ: KNDI) ranks as one of the largest manufacturers and exporters of go-karts in China, making it a world leader in the production of this popular recreational vehicle. It also ranks among the leading manufacturers in China of all terrain vehicles (ATVs), and specialized utility vehicles (UTVs), especially for agricultural purposes. Recently, it introduced a second generation high mileage, two seater three-wheeled motorcycle. A major company focus also has been on the manufacture and sales of a highly economical, beautifully designed, all electric super mini car -- the COCO -- for neighborhood driving and commuting. Kandi believes that battery powered, electric super minis will become the Company's largest revenue and profit generator. The Company's products can be viewed at http://www.kandivehicle.com. Its corporate/ir website is http://www.chinakandi.com.
Information Regarding Forward-Looking Statements
Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the Securities and Exchange Commission.
___________________________________________
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Saturday, December 26, 2009
Research and Markets: Top Ten Global Energy Trends in 2010
Research and Markets: Top Ten Global Energy Trends in 2010
DUBLIN- Research and Markets (http://www.researchandmarkets.com/research/3c4ef9/top_ten_global_ene) has announced the addition of Global Markets Direct's new report "Top Ten Global Energy Trends in 2010" to their offering.
“Top Ten Global Energy Trends in 2010”
"Top Ten Global Energy Trends in 2010" provides an in-depth analysis of the top global trends in the energy sector in 2010 with challenges and future prospects for the overall industry. The report provides critical analysis of the various trends in the different segments of the energy industry including oil and gas upstream and downstream, unconventional and offshore oil and gas sectors, nuclear energy, alternative energy, electricity sector and coal sector. The report also provides deal analysis of the oil and gas, nuclear and alternative energy sectors. The major areas of focus include impact of the financial crisis and the after effects of the crisis and the global economic recession on the energy sector. Challenges in conventional as well as non conventional energy sector, technological developments in new and alternative energy sectors and the nuclear industry are also analyzed. The global economic recovery and the impact on the capital expenditure in the petroleum industry in 2010, growing trend towards the offshore oil and gas industry and the approach of the oil and gas companies to prepare for the upturn are some of the other issues that have been analyzed in the report. The report highlights and analyses the most critical trends or issues in the global energy sector in 2010.
Global Total Energy Consumption Is Expected To Recover In 2010
The total energy consumption in the OECD economies is expected to continue to witness a decreased growth in 2009. However, with the global economy expected to recover in 2010, energy consumption in the OECD economies is expected to grow. The improving economic conditions in 2009 and the expected recovery in 2010 will further drive the growth in energy consumption in these economies.
Global Corporate M&A And Asset Transactions In The E&P Sector Are Likely To Witness A Rise While Other Energy Sectors Lag In 2010
The uncertainty in the global economic outlook, highly volatile commodity prices and tight credit availability had a negative effect on the deal activity thereby decreasing the deal activity in the later part of 2008. Since then, the commodity prices have been increasing and the global economy is showing some signs of recovery from the recession. Global economy is expected to grow at a positive rate in 2010. These factors and comparatively lower asset valuations is expected to usher a new wave of merger and acquisition in the upstream oil and gas industry by the end of 2010.
Crude Oil And Natural Gas Prices And Thereby E&P Capital Expenditure Are Expected To Witness An Upward Trend In 2010
Capital expenditure of oil and gas companies after surging from 2007 to 2008 has witnessed a significant decrease in 2009. However, in 2010 capital expenditure activity is expected to go up, driven mainly by large National Oil Companies. With oil prices starting to stabilize at $60-80 per barrel level and as the economic intervention by the governments across the globe takes effect, oil and gas companies are expected to increase investments in 2010. However, these plans of 2010 and beyond are largely dependent on the commodity prices, demand-supply and reduced costs of oil services.
Electricity Consumption And Generation Is Expected To Increase In 2010 With Increasing Focus On Smart Grid Implementation In Major Consuming Markets
Global electricity generation is expected to continue to increase in the years to come. In 2008, 19.53 Trillion KWh of electricity was generated. Worldwide electricity generation is expected to increase to 20.26 Trillion KWh in 2009 and further to 21.0 Trillion KWh in 2010. The growth in the electricity generation can be attributed to increase in the population and economic growth in the emerging economies and a corresponding increase in the usage of electricity for residential, commercial as well as industrial purposes.
Nuclear Energy Will Continue To Increase Its Role In The Energy Mix And Is Likely To Attract Increased Investments In 2010
The global economic downturn is likely to have limited effect on the nuclear industry due to the long term nature of the nuclear projects. Further, with the long term nuclear plans of a number of emerging countries and the recent trend toward small and medium reactors, the nuclear industry might witness an increase in investments once the global economy recovers in 2010.
Increased Focus On Clean Alternative Energy And Alternative Fuels Is Expected To Attract Investments To The Sector In 2010
The need to achieve energy stability, security of energy supply and energy independence combined with the demand to minimize carbon footprints is driving countries across the world to explore different renewable energy technologies. Battling climate change is as much a concern for most world governments as achieving energy independence and security. This has forced governments to come up with schemes and policy frameworks supporting the promotion and development of renewable energy. With the global economy expected to be in a better shape in 2010, the renewable energy industry is expected to continue to grow.
Refining Sector Will Continue To Experience A Downturn Fuelled By Low Refining Margins In 2010
The global refining industry is witnessing a slump following the global economic downturn after a high return period in the past few years. Uncertain product demand due to the global economic downturn, decreasing refinery margins and a surplus refining capacity are having a combined negative effect on the profitability of refining operations. These trends will continue to cast a shadow of uncertainty over the future of refinery margins thereby making the refining sector unattractive for the integrated oil companies in the short term.
New And Emerging Frontiers Will Increasingly Add To The Supply Of Oil And Gas In 2010
Unconventional oil and gas projects are attracting increased attention in the wake of the inevitable production decline in the more traditional oil and gas resources and the volatility in the oil market. The expected recovery of the global economy in 2010 and the rise in the commodity prices will increase the attractiveness of the unconventional and offshore oil and gas sectors. Consequently, the share of oil and gas production from unconventional as well as offshore resources will continue to increase in 2010.
Ambiguity Over Climate Change Policies And Framework Will Continue To Cast A Shadow Of Uncertainty Over The Energy Markets In 2010
In order for the industry to comply with the climate change policies, significant costs need to be incurred by the energy companies. Also, the companies would have to eventually diversify into clean energy sources. Nonetheless, the global economies are not even in the initial stages of agreeing to a global climate policy which would enforce emission cuts. This has created a lot of uncertainty on the effect of the policy measures on the energy industry.
Coal Will Continue To Be A Major Source Of Energy In 2010 Especially In Coal Rich Countries Albeit The Focus On Climate Change
The global economic slowdown is expected to have very little effect on the consumption and production of coal. The popularity of coal can be attributed to its huge availability and lower costs as compared to natural gas and oil. In recent years, there has been a greater shift towards nuclear and other cleaner sources of energy to reduce the dependence on fossil fuels, especially coal. Nevertheless coal is expected to be the preferred choice for years to come.
Key Topics Covered:
1 Contents
2 Top Ten Global Energy Trends in 2010 - Introduction
3 Global Total Energy Consumption Is Expected To Recover In 2010
4 Global Corporate M&A And Asset Transactions In The E&P Sector Are Likely To Witness A Rise While Downstream Sector Lag In 2010
5 Crude Oil And Natural Gas Prices And Thereby E&P Capital Expenditure Are Expected To Witness An Upward Trend In 2010
6 Electricity Consumption And Generation Is Expected To Increase In 2010 With Increasing Focus On Smart Grid Implementation In Major Consuming Markets
7 Nuclear Energy Will Continue To Increase Its Role In The Energy Mix And Is Likely To Attract Increased Investments In 2010
8 Increased Focus On Clean Alternative Energy And Alternative Fuels Is Expected To Attract Investments To The Sector In 2010
9 Refining Sector Will Continue To Experience A Downturn Fuelled By Low Refining Margins In 2010
10 New And Emerging Frontiers Will Increasingly Add To The Supply Of Oil And Gas In 2010
11 Ambiguity Over Climate Change Policies And Framework Will Continue To Cast A Shadow Of Uncertainty Over The Energy Markets In 2010
12 Coal Will Continue To Be A Major Source Of Energy In 2010 Especially In Coal Rich Countries Albeit The Focus On Climate Change
13 Appendix
For more information visit http://www.researchandmarkets.com/research/3c4ef9/top_ten_global_ene
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
DUBLIN- Research and Markets (http://www.researchandmarkets.com/research/3c4ef9/top_ten_global_ene) has announced the addition of Global Markets Direct's new report "Top Ten Global Energy Trends in 2010" to their offering.
“Top Ten Global Energy Trends in 2010”
"Top Ten Global Energy Trends in 2010" provides an in-depth analysis of the top global trends in the energy sector in 2010 with challenges and future prospects for the overall industry. The report provides critical analysis of the various trends in the different segments of the energy industry including oil and gas upstream and downstream, unconventional and offshore oil and gas sectors, nuclear energy, alternative energy, electricity sector and coal sector. The report also provides deal analysis of the oil and gas, nuclear and alternative energy sectors. The major areas of focus include impact of the financial crisis and the after effects of the crisis and the global economic recession on the energy sector. Challenges in conventional as well as non conventional energy sector, technological developments in new and alternative energy sectors and the nuclear industry are also analyzed. The global economic recovery and the impact on the capital expenditure in the petroleum industry in 2010, growing trend towards the offshore oil and gas industry and the approach of the oil and gas companies to prepare for the upturn are some of the other issues that have been analyzed in the report. The report highlights and analyses the most critical trends or issues in the global energy sector in 2010.
Global Total Energy Consumption Is Expected To Recover In 2010
The total energy consumption in the OECD economies is expected to continue to witness a decreased growth in 2009. However, with the global economy expected to recover in 2010, energy consumption in the OECD economies is expected to grow. The improving economic conditions in 2009 and the expected recovery in 2010 will further drive the growth in energy consumption in these economies.
Global Corporate M&A And Asset Transactions In The E&P Sector Are Likely To Witness A Rise While Other Energy Sectors Lag In 2010
The uncertainty in the global economic outlook, highly volatile commodity prices and tight credit availability had a negative effect on the deal activity thereby decreasing the deal activity in the later part of 2008. Since then, the commodity prices have been increasing and the global economy is showing some signs of recovery from the recession. Global economy is expected to grow at a positive rate in 2010. These factors and comparatively lower asset valuations is expected to usher a new wave of merger and acquisition in the upstream oil and gas industry by the end of 2010.
Crude Oil And Natural Gas Prices And Thereby E&P Capital Expenditure Are Expected To Witness An Upward Trend In 2010
Capital expenditure of oil and gas companies after surging from 2007 to 2008 has witnessed a significant decrease in 2009. However, in 2010 capital expenditure activity is expected to go up, driven mainly by large National Oil Companies. With oil prices starting to stabilize at $60-80 per barrel level and as the economic intervention by the governments across the globe takes effect, oil and gas companies are expected to increase investments in 2010. However, these plans of 2010 and beyond are largely dependent on the commodity prices, demand-supply and reduced costs of oil services.
Electricity Consumption And Generation Is Expected To Increase In 2010 With Increasing Focus On Smart Grid Implementation In Major Consuming Markets
Global electricity generation is expected to continue to increase in the years to come. In 2008, 19.53 Trillion KWh of electricity was generated. Worldwide electricity generation is expected to increase to 20.26 Trillion KWh in 2009 and further to 21.0 Trillion KWh in 2010. The growth in the electricity generation can be attributed to increase in the population and economic growth in the emerging economies and a corresponding increase in the usage of electricity for residential, commercial as well as industrial purposes.
Nuclear Energy Will Continue To Increase Its Role In The Energy Mix And Is Likely To Attract Increased Investments In 2010
The global economic downturn is likely to have limited effect on the nuclear industry due to the long term nature of the nuclear projects. Further, with the long term nuclear plans of a number of emerging countries and the recent trend toward small and medium reactors, the nuclear industry might witness an increase in investments once the global economy recovers in 2010.
Increased Focus On Clean Alternative Energy And Alternative Fuels Is Expected To Attract Investments To The Sector In 2010
The need to achieve energy stability, security of energy supply and energy independence combined with the demand to minimize carbon footprints is driving countries across the world to explore different renewable energy technologies. Battling climate change is as much a concern for most world governments as achieving energy independence and security. This has forced governments to come up with schemes and policy frameworks supporting the promotion and development of renewable energy. With the global economy expected to be in a better shape in 2010, the renewable energy industry is expected to continue to grow.
Refining Sector Will Continue To Experience A Downturn Fuelled By Low Refining Margins In 2010
The global refining industry is witnessing a slump following the global economic downturn after a high return period in the past few years. Uncertain product demand due to the global economic downturn, decreasing refinery margins and a surplus refining capacity are having a combined negative effect on the profitability of refining operations. These trends will continue to cast a shadow of uncertainty over the future of refinery margins thereby making the refining sector unattractive for the integrated oil companies in the short term.
New And Emerging Frontiers Will Increasingly Add To The Supply Of Oil And Gas In 2010
Unconventional oil and gas projects are attracting increased attention in the wake of the inevitable production decline in the more traditional oil and gas resources and the volatility in the oil market. The expected recovery of the global economy in 2010 and the rise in the commodity prices will increase the attractiveness of the unconventional and offshore oil and gas sectors. Consequently, the share of oil and gas production from unconventional as well as offshore resources will continue to increase in 2010.
Ambiguity Over Climate Change Policies And Framework Will Continue To Cast A Shadow Of Uncertainty Over The Energy Markets In 2010
In order for the industry to comply with the climate change policies, significant costs need to be incurred by the energy companies. Also, the companies would have to eventually diversify into clean energy sources. Nonetheless, the global economies are not even in the initial stages of agreeing to a global climate policy which would enforce emission cuts. This has created a lot of uncertainty on the effect of the policy measures on the energy industry.
Coal Will Continue To Be A Major Source Of Energy In 2010 Especially In Coal Rich Countries Albeit The Focus On Climate Change
The global economic slowdown is expected to have very little effect on the consumption and production of coal. The popularity of coal can be attributed to its huge availability and lower costs as compared to natural gas and oil. In recent years, there has been a greater shift towards nuclear and other cleaner sources of energy to reduce the dependence on fossil fuels, especially coal. Nevertheless coal is expected to be the preferred choice for years to come.
Key Topics Covered:
1 Contents
2 Top Ten Global Energy Trends in 2010 - Introduction
3 Global Total Energy Consumption Is Expected To Recover In 2010
4 Global Corporate M&A And Asset Transactions In The E&P Sector Are Likely To Witness A Rise While Downstream Sector Lag In 2010
5 Crude Oil And Natural Gas Prices And Thereby E&P Capital Expenditure Are Expected To Witness An Upward Trend In 2010
6 Electricity Consumption And Generation Is Expected To Increase In 2010 With Increasing Focus On Smart Grid Implementation In Major Consuming Markets
7 Nuclear Energy Will Continue To Increase Its Role In The Energy Mix And Is Likely To Attract Increased Investments In 2010
8 Increased Focus On Clean Alternative Energy And Alternative Fuels Is Expected To Attract Investments To The Sector In 2010
9 Refining Sector Will Continue To Experience A Downturn Fuelled By Low Refining Margins In 2010
10 New And Emerging Frontiers Will Increasingly Add To The Supply Of Oil And Gas In 2010
11 Ambiguity Over Climate Change Policies And Framework Will Continue To Cast A Shadow Of Uncertainty Over The Energy Markets In 2010
12 Coal Will Continue To Be A Major Source Of Energy In 2010 Especially In Coal Rich Countries Albeit The Focus On Climate Change
13 Appendix
For more information visit http://www.researchandmarkets.com/research/3c4ef9/top_ten_global_ene
News & Stories Published at Clean Energy Stocks Blog.
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Thursday, December 17, 2009
DEUTSCHE BANK (NYSE: DB) COMPLETES 250-KW SOLAR PROJECT AT PISCATAWAY FACILITY
DEUTSCHE BANK (NYSE: DB) COMPLETES 250-KW SOLAR PROJECT AT PISCATAWAY FACILITY
New Jersey Project Part of Deutsche Bank’s Commitment to be Carbon Neutral by 2012
PISCATAWAY, N.J. & NEW YORK, Dec. 17, 2009 – Deutsche Bank (NYSE: DB) today announced the completion of a 250-kilowatt solar photovoltaic (PV) system at its Piscataway, NJ, office. The roof-mounted array will offset a portion of the facility’s electricity consumption and reduce its carbon emissions by 143 metric tons annually, equivalent to 16,232 gallons of gasoline.
The solar installation consists of 1,066 roof-mounted PV modules that will generate approximately 270,000 kWh per year at the 83,000-square-foot Piscataway facility. The solar installation is capable of providing nearly 100 percent of the facility’s demand for power from the grid during peak daylight hours, and it will produce more than 12 percent of the electricity needed to operate the facility annually. An online energy monitoring system will track the facility’s power consumption, solar production and system efficiency.
The system was designed and installed by Vanguard Energy Partners, a New Jersey-based leader in the design and installation of large-scale solar electric systems. The solar installation is part of Deutsche Bank’s global commitment to be carbon neutral by 2012. As part of that program, the Bank has reduced its annual energy consumption by 19 million kWh in the Americas and 54 million kWh globally through a wide range of efficiency measures. Of the remaining global energy consumption, 67 percent comes from renewable sources, with 100 percent of the energy in the US, UK, Italy, Switzerland and Germany coming from renewables.
In the US Deutsche Bank also was one of three firms to be named a “Green Power Partner of the Year” by the Environmental Protection Agency (EPA) at its 2009 Green Power Leadership Awards, which are cosponsored by the US Department of Energy and the Center for Resource Solutions. “Deutsche Bank is committed to being a leader in sustainability, and this project is a small part of a comprehensive global program to both reduce our consumption and shift to renewable sources,” said Seth Waugh, CEO of Deutsche Bank Americas. Deutsche Bank utilized both state and federal programs designed to encourage investment in renewable energy sources, including New Jersey Solar Renewable Energy Certificates (SREC) and US federal renewable energy investment credits, part of the “green stimulus” package passed this year by the US Congress. The incentives were essential to make the investment in this new technology financially viable.
For further information, please call: Ted Meyer +1 212-250-7253 Media Relations,
Deutsche Bank About Deutsche Bank Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,530 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. www.db.com
Mayura HooperVice President, Press and Media RelationsDeutsche Bank - Asset Management, Private Wealth Management60 Wall St., 21st FloorMailstop - NYC60-2115New York, NY 10005Phone: 212-250-5536Fax: 212-797-0279Cell: 212-380-3533______________________________________
News & Stories Published at Clean Energy Stocks Blog.
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New Jersey Project Part of Deutsche Bank’s Commitment to be Carbon Neutral by 2012
PISCATAWAY, N.J. & NEW YORK, Dec. 17, 2009 – Deutsche Bank (NYSE: DB) today announced the completion of a 250-kilowatt solar photovoltaic (PV) system at its Piscataway, NJ, office. The roof-mounted array will offset a portion of the facility’s electricity consumption and reduce its carbon emissions by 143 metric tons annually, equivalent to 16,232 gallons of gasoline.
The solar installation consists of 1,066 roof-mounted PV modules that will generate approximately 270,000 kWh per year at the 83,000-square-foot Piscataway facility. The solar installation is capable of providing nearly 100 percent of the facility’s demand for power from the grid during peak daylight hours, and it will produce more than 12 percent of the electricity needed to operate the facility annually. An online energy monitoring system will track the facility’s power consumption, solar production and system efficiency.
The system was designed and installed by Vanguard Energy Partners, a New Jersey-based leader in the design and installation of large-scale solar electric systems. The solar installation is part of Deutsche Bank’s global commitment to be carbon neutral by 2012. As part of that program, the Bank has reduced its annual energy consumption by 19 million kWh in the Americas and 54 million kWh globally through a wide range of efficiency measures. Of the remaining global energy consumption, 67 percent comes from renewable sources, with 100 percent of the energy in the US, UK, Italy, Switzerland and Germany coming from renewables.
In the US Deutsche Bank also was one of three firms to be named a “Green Power Partner of the Year” by the Environmental Protection Agency (EPA) at its 2009 Green Power Leadership Awards, which are cosponsored by the US Department of Energy and the Center for Resource Solutions. “Deutsche Bank is committed to being a leader in sustainability, and this project is a small part of a comprehensive global program to both reduce our consumption and shift to renewable sources,” said Seth Waugh, CEO of Deutsche Bank Americas. Deutsche Bank utilized both state and federal programs designed to encourage investment in renewable energy sources, including New Jersey Solar Renewable Energy Certificates (SREC) and US federal renewable energy investment credits, part of the “green stimulus” package passed this year by the US Congress. The incentives were essential to make the investment in this new technology financially viable.
For further information, please call: Ted Meyer +1 212-250-7253 Media Relations,
Deutsche Bank About Deutsche Bank Deutsche Bank
Mayura HooperVice President, Press and Media RelationsDeutsche Bank - Asset Management, Private Wealth Management60 Wall St., 21st FloorMailstop - NYC60-2115New York, NY 10005Phone: 212-250-5536Fax: 212-797-0279Cell: 212-380-3533______________________________________
News & Stories Published at Clean Energy Stocks Blog.
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The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
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Wednesday, December 16, 2009
DOE Fact Sheet: Clean Energy Technology Announcements
DOE Fact Sheet: Clean Energy Technology Announcements
At the Copenhagen climate conference, on behalf of President Obama, Energy Secretary Steven Chu announced the launch of a new initiative to promote clean energy technologies in developing countries. Secretary Chu also welcomed progress under the Major Economies Forum on Energy and Climate (MEF) and invited his counterparts in MEF and other countries to a first-ever Clean Energy Ministerial next year.
Climate REDI
Secretary Chu today announced the launch of a new Renewables and Efficiency Deployment Initiative (Climate REDI). The program will accelerate deployment of renewable energy and energy efficiency technologies in developing countries – reducing greenhouse gas emissions, fighting energy poverty and improving public health for the most vulnerable, particularly women and children.
Climate REDI includes three new clean energy technology programs and funding needed to launch a renewable energy program under the World Bank’s Strategic Climate Fund:
•The Solar and LED Energy Access Program will accelerate deployment of affordable solar home systems and LED lanterns to those without access to electricity. This program will yield immediate economic and public health benefits by providing households with low-cost and quality-assured solar alternatives to expensive and polluting kerosene. •The Super-efficient Equipment and Appliance Deployment Program will harness the market and convening power of MEF countries to improve efficiency for appliances traded throughout the world. A number of MEF countries have implemented, or are exploring, incentive programs for energy-efficient appliances. Coordinating incentives, standards and labeling systems can create unprecedented economies of scale for these appliances. •The Clean Energy Information Platform will establish an online platform for MEF countries to exchange technical resources, policy experience and the infrastructure to coordinate various activities in deploying clean energy technologies, and share this information with the world.•The Scaling-up Renewable Energy Program (S-REP), under the World Bank’s Strategic Climate Fund, will provide policy support and technical assistance to low-income countries developing national renewable energy strategies and underwrite additional capital costs associated with renewable energy investments. Funding through Climate REDI will accelerate the launch of S-REP.Climate REDI is a “quick-start” initiative to complement the much broader technology and finance mechanisms of an international climate agreement. It will promote dissemination of clean energy technologies through the following tools:
1.Quality assurance to guard developing country consumers against sub-standard renewable energy products;2.Minimum efficiency standards to remove the lowest efficiency appliances from the market;3.Labeling to guide consumers to quality-assured and high-efficiency products;4.Financing for scale up of early-stage low-carbon products, to bring down costs and remove barriers to deployment and to catalyze investment by the private sector;5.Information sharing that enables all energy stakeholders to access state-of-the art information on technology and best practices.To achieve the best results, Climate REDI will coordinate closely with other programs that promote clean energy technologies in developing countries. For the Solar and LED Program, this includes the International Finance Corporation’s Lighting Africa initiative, TERI’s Lighting a Billion Lives program and the U.S. Department of Energy’s Lumina Project. For the Super-efficient Appliance Program, it includes the International Partnership for Energy Efficiency Cooperation (IPEEC), the Collaborative Labeling and Standards Program (CLASP), EPA’s Energy Star program and the Asia Pacific Partnership on Clean Development and Climate. The Clean Energy Information Platform builds upon the OpenEI platform, developed by the Department of Energy’s National Renewable Energy Laboratory (NREL). And Scaling-up Renewable Energy Program is an activity under the Climate Investment Funds, a multilateral, multibillion dollar trust fund housed at the World Bank.
The combined budget for these programs is $350 million over five years. Funding for the first three programs above will total $100 million -- $35 million that the United States intends to contribute, with the balance from Italy, Australia and other partners. Funding for the Scaling-Up Renewable Energy Program will total $250 million – $50 million that the United States intends to contribute and $200 million that the United Kingdom, Netherlands, Norway and Switzerland pledged previously. (These previous pledges were subject to receipt of $250 million in total contributions, a condition satisfied by the United States’ announcement today, allowing the entire program to go forward.)
Major Economies Forum Technology Action Plans
President Obama launched the Major Economies Forum in March 2009, creating a new dialogue among developed and emerging economies to combat climate change and promote clean energy. At their July summit in L’Aquila, Italy, MEF Leaders launched a new Global Partnership on clean energy technologies.
Today MEF countries, including the United States, released ten Technology Action Plans developed under the Global Partnership. These plans summarize mitigation potential of high-priority technologies, highlight best practice policies, and provide a menu of specific actions that countries can take individually and collectively to accelerate development and deployment of low-carbon solutions.
The ten technology areas and lead countries are:
1.Advanced vehicles (Canada)2.Bioenergy (Brazil and Italy)3.Building energy efficiency (United States)4.Carbon capture, use and storage (Australia and the UK)5.High-efficiency, low-emissions coal (India and Japan)6.Industrial energy efficiency (United States)7.Marine energy (France)8.Smart grid (Italy and Korea)9.Solar energy (Germany and Spain)10.Wind energy (Germany, Denmark and Spain)The Technology Action Plans and an Executive Summary are available on the MEF’s website at http://www.majoreconomiesforum.org.
Clean Energy Ministerial
To drive this work forward and continue concrete action on global clean energy technology deployment, Secretary Chu today announced that he will host a first-ever Clean Energy Ministerial for MEF and other countries in Washington, D.C., next year.
Media contact(s): (202) 586-4940 (202) 586-4940
______________________________________________________
News & Stories Published at Clean Energy Stocks Blog.
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Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
At the Copenhagen climate conference, on behalf of President Obama, Energy Secretary Steven Chu announced the launch of a new initiative to promote clean energy technologies in developing countries. Secretary Chu also welcomed progress under the Major Economies Forum on Energy and Climate (MEF) and invited his counterparts in MEF and other countries to a first-ever Clean Energy Ministerial next year.
Climate REDI
Secretary Chu today announced the launch of a new Renewables and Efficiency Deployment Initiative (Climate REDI). The program will accelerate deployment of renewable energy and energy efficiency technologies in developing countries – reducing greenhouse gas emissions, fighting energy poverty and improving public health for the most vulnerable, particularly women and children.
Climate REDI includes three new clean energy technology programs and funding needed to launch a renewable energy program under the World Bank’s Strategic Climate Fund:
•The Solar and LED Energy Access Program will accelerate deployment of affordable solar home systems and LED lanterns to those without access to electricity. This program will yield immediate economic and public health benefits by providing households with low-cost and quality-assured solar alternatives to expensive and polluting kerosene. •The Super-efficient Equipment and Appliance Deployment Program will harness the market and convening power of MEF countries to improve efficiency for appliances traded throughout the world. A number of MEF countries have implemented, or are exploring, incentive programs for energy-efficient appliances. Coordinating incentives, standards and labeling systems can create unprecedented economies of scale for these appliances. •The Clean Energy Information Platform will establish an online platform for MEF countries to exchange technical resources, policy experience and the infrastructure to coordinate various activities in deploying clean energy technologies, and share this information with the world.•The Scaling-up Renewable Energy Program (S-REP), under the World Bank’s Strategic Climate Fund, will provide policy support and technical assistance to low-income countries developing national renewable energy strategies and underwrite additional capital costs associated with renewable energy investments. Funding through Climate REDI will accelerate the launch of S-REP.Climate REDI is a “quick-start” initiative to complement the much broader technology and finance mechanisms of an international climate agreement. It will promote dissemination of clean energy technologies through the following tools:
1.Quality assurance to guard developing country consumers against sub-standard renewable energy products;2.Minimum efficiency standards to remove the lowest efficiency appliances from the market;3.Labeling to guide consumers to quality-assured and high-efficiency products;4.Financing for scale up of early-stage low-carbon products, to bring down costs and remove barriers to deployment and to catalyze investment by the private sector;5.Information sharing that enables all energy stakeholders to access state-of-the art information on technology and best practices.To achieve the best results, Climate REDI will coordinate closely with other programs that promote clean energy technologies in developing countries. For the Solar and LED Program, this includes the International Finance Corporation’s Lighting Africa initiative, TERI’s Lighting a Billion Lives program and the U.S. Department of Energy’s Lumina Project. For the Super-efficient Appliance Program, it includes the International Partnership for Energy Efficiency Cooperation (IPEEC), the Collaborative Labeling and Standards Program (CLASP), EPA’s Energy Star program and the Asia Pacific Partnership on Clean Development and Climate. The Clean Energy Information Platform builds upon the OpenEI platform, developed by the Department of Energy’s National Renewable Energy Laboratory (NREL). And Scaling-up Renewable Energy Program is an activity under the Climate Investment Funds, a multilateral, multibillion dollar trust fund housed at the World Bank.
The combined budget for these programs is $350 million over five years. Funding for the first three programs above will total $100 million -- $35 million that the United States intends to contribute, with the balance from Italy, Australia and other partners. Funding for the Scaling-Up Renewable Energy Program will total $250 million – $50 million that the United States intends to contribute and $200 million that the United Kingdom, Netherlands, Norway and Switzerland pledged previously. (These previous pledges were subject to receipt of $250 million in total contributions, a condition satisfied by the United States’ announcement today, allowing the entire program to go forward.)
Major Economies Forum Technology Action Plans
President Obama launched the Major Economies Forum in March 2009, creating a new dialogue among developed and emerging economies to combat climate change and promote clean energy. At their July summit in L’Aquila, Italy, MEF Leaders launched a new Global Partnership on clean energy technologies.
Today MEF countries, including the United States, released ten Technology Action Plans developed under the Global Partnership. These plans summarize mitigation potential of high-priority technologies, highlight best practice policies, and provide a menu of specific actions that countries can take individually and collectively to accelerate development and deployment of low-carbon solutions.
The ten technology areas and lead countries are:
1.Advanced vehicles (Canada)2.Bioenergy (Brazil and Italy)3.Building energy efficiency (United States)4.Carbon capture, use and storage (Australia and the UK)5.High-efficiency, low-emissions coal (India and Japan)6.Industrial energy efficiency (United States)7.Marine energy (France)8.Smart grid (Italy and Korea)9.Solar energy (Germany and Spain)10.Wind energy (Germany, Denmark and Spain)The Technology Action Plans and an Executive Summary are available on the MEF’s website at http://www.majoreconomiesforum.org.
Clean Energy Ministerial
To drive this work forward and continue concrete action on global clean energy technology deployment, Secretary Chu today announced that he will host a first-ever Clean Energy Ministerial for MEF and other countries in Washington, D.C., next year.
Media contact(s): (202) 586-4940 (202) 586-4940
______________________________________________________
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Tuesday, December 15, 2009
Renewable Energy Stocks in the Spotlight- Solar Stocks and Smart Grid Stocks In the Green; First Solar, Inc. (NasdaqGS: FSLR), JA Solar Holdings, Co.
Renewable Energy Stocks in the Spotlight- Solar Stocks and Smart Grid Stocks In the Green; First Solar, Inc. (NasdaqGS: FSLR), JA Solar Holdings, Co., Ltd. (NasdaqGS: JASO) and EnerNOC, Inc. (NasdaqGM: ENOC) Up in Trading
POINT ROBERTS, WA and DELTA, BC –December 15, 2009 - www.RenewableEnergyStocks.com, a leading global investor and industry portal for the renewable energy sector within www.Investorideas.com reports renewable energy stocks on the move for trading December 15th.
Solar stock, First Solar, Inc. (NasdaqGS: FSLR) was up on the day, trading at $142.00, up # 3.35 (2.42%) 2:17pm ET. JA Solar Holdings, Co., Ltd. (NasdaqGS: JASO) was trading up at $ 5.94, up $0.64 (12.08%) 2:15PM ET.
Smart Grid stock, EnerNOC, Inc. (NasdaqGM: ENOC) was trading at $ 28.80, up $ 0.25 (0.88%) 2:18pm ET, trading as high as $ 29.47.
Green Energy investors can research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has over 900 stocks and new stocks are added each month for investors following the sector. The directory is now available to investors in PDF format.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content that currently features an additional 8 stock directories, including the water stocks directory and investor newsletter, the Insiders Corner tracking insider buying trends in small cap stocks.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Smart Grid Stocks Preview:
ABB Ltd. (NYSE:ABB; Vienna:ABBN.VX) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB group of companies operates in some 100 countries and employs approximately 120,000 people.
Advanced Energy Industries, Inc. (NasdaqGS:AEIS) develops grid connect inverters for the solar energy market. Advanced Energy® also develops innovative power and control technologies that enable high-growth, plasma thin-film manufacturing processes worldwide, including semiconductors, flat panel displays, data storage products, solar cells, architectural glass, and other advanced product applications.
Ambient Corporation (OTCBB:ABTG) designs, develops and markets Ambient Smart Grid® communications technologies and equipment. Using open standards-based technologies along with in-depth industry experience, Ambient provides utilities with solutions for creating smart grid communication platforms and technologies.
American Superconductor (NASDAQGS:AMSC) The company operates in three segments: AMSC Wires, SuperMachines, and Power Electronic Systems. The Power Electronic Systems segment develops and sells power electronic converters, as well as integrated systems, used for power quality and reliability solutions and for wind farm applications.
Cisco Systems, Inc. (NasdaqGS:CSCO) Cisco delivers an end-to-end, IP-based secure communications infrastructure for the smart grid from generation to businesses and homes.
To learn about becoming a featured renewable energy or green stock, contact us below.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Read solar stocks commentary and the latest column of “Renewable and Solar Energy Perspectives” with J. Peter Lynch. Read his newest columns, the Solar Innovations series, looking at private companies in the sector
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Source: www.RenewableEnergyStocks.com, www.Investorideas.com
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
POINT ROBERTS, WA and DELTA, BC –December 15, 2009 - www.RenewableEnergyStocks.com, a leading global investor and industry portal for the renewable energy sector within www.Investorideas.com reports renewable energy stocks on the move for trading December 15th.
Solar stock, First Solar, Inc. (NasdaqGS: FSLR) was up on the day, trading at $142.00, up # 3.35 (2.42%) 2:17pm ET. JA Solar Holdings, Co., Ltd. (NasdaqGS: JASO) was trading up at $ 5.94, up $0.64 (12.08%) 2:15PM ET.
Smart Grid stock, EnerNOC, Inc. (NasdaqGM: ENOC) was trading at $ 28.80, up $ 0.25 (0.88%) 2:18pm ET, trading as high as $ 29.47.
Green Energy investors can research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has over 900 stocks and new stocks are added each month for investors following the sector. The directory is now available to investors in PDF format.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content that currently features an additional 8 stock directories, including the water stocks directory and investor newsletter, the Insiders Corner tracking insider buying trends in small cap stocks.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Smart Grid Stocks Preview:
ABB Ltd. (NYSE:ABB; Vienna:ABBN.VX) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB group of companies operates in some 100 countries and employs approximately 120,000 people.
Advanced Energy Industries, Inc. (NasdaqGS:AEIS) develops grid connect inverters for the solar energy market. Advanced Energy® also develops innovative power and control technologies that enable high-growth, plasma thin-film manufacturing processes worldwide, including semiconductors, flat panel displays, data storage products, solar cells, architectural glass, and other advanced product applications.
Ambient Corporation (OTCBB:ABTG) designs, develops and markets Ambient Smart Grid® communications technologies and equipment. Using open standards-based technologies along with in-depth industry experience, Ambient provides utilities with solutions for creating smart grid communication platforms and technologies.
American Superconductor (NASDAQGS:AMSC) The company operates in three segments: AMSC Wires, SuperMachines, and Power Electronic Systems. The Power Electronic Systems segment develops and sells power electronic converters, as well as integrated systems, used for power quality and reliability solutions and for wind farm applications.
Cisco Systems, Inc. (NasdaqGS:CSCO) Cisco delivers an end-to-end, IP-based secure communications infrastructure for the smart grid from generation to businesses and homes.
To learn about becoming a featured renewable energy or green stock, contact us below.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Read solar stocks commentary and the latest column of “Renewable and Solar Energy Perspectives” with J. Peter Lynch. Read his newest columns, the Solar Innovations series, looking at private companies in the sector
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News & Stories Published at Clean Energy Stocks Blog.
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Solar Stocks News - First Solar (Nasdaq: FSLR) Becomes First PV Company to Produce 1GW in a Single Year
Solar Stocks News - First Solar (Nasdaq: FSLR) Becomes First PV Company to Produce 1GW in a Single Year
TEMPE, Ariz.---First Solar Inc. (Nasdaq: FSLR) today announced it has manufactured and shipped more than 1 gigawatt (GW) of its photovoltaic (PV) solar modules in 2009, becoming the first PV company to attain this production volume in a single year. One gigawatt of solar modules produces enough electricity to serve the needs of approximately 145,000 average American homes and saves roughly 1 million metric tons of carbon dioxide emissions annually.
As the world’s largest solar module manufacturer, First Solar has increased its manufacturing capacity from approximately 75 megawatts (MW) per year at the beginning of 2007 to more than 1GW today.
“This proof that the solar industry can achieve the manufacturing scale necessary to fight climate change is especially timely in light of the Copenhagen conference that began last week,” said Bruce Sohn, First Solar president. “Our efforts in scaling our technology are critical to creating a more sustainable energy infrastructure and reducing greenhouse gas emissions.”
First Solar has continually lowered the cost of manufacturing solar modules, breaking the $1 per watt barrier earlier this year.
About First Solar
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. By continually driving down manufacturing costs, First Solar is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
News & Stories Published at Clean Energy Stocks Blog.
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Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
TEMPE, Ariz.---First Solar Inc. (Nasdaq: FSLR) today announced it has manufactured and shipped more than 1 gigawatt (GW) of its photovoltaic (PV) solar modules in 2009, becoming the first PV company to attain this production volume in a single year. One gigawatt of solar modules produces enough electricity to serve the needs of approximately 145,000 average American homes and saves roughly 1 million metric tons of carbon dioxide emissions annually.
As the world’s largest solar module manufacturer, First Solar has increased its manufacturing capacity from approximately 75 megawatts (MW) per year at the beginning of 2007 to more than 1GW today.
“This proof that the solar industry can achieve the manufacturing scale necessary to fight climate change is especially timely in light of the Copenhagen conference that began last week,” said Bruce Sohn, First Solar president. “Our efforts in scaling our technology are critical to creating a more sustainable energy infrastructure and reducing greenhouse gas emissions.”
First Solar has continually lowered the cost of manufacturing solar modules, breaking the $1 per watt barrier earlier this year.
About First Solar
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. By continually driving down manufacturing costs, First Solar is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Monday, December 14, 2009
U.S. Paid Over $26 Billion for Oil in November
U.S. Paid Over $26 Billion for Oil in November
Bipartisan NAT GAS Act would Dramatically Reduce Our Dependence on Foreign Oil as World Demand Poised to Increase
Pickens says, “We have more than 100 years supply of natural gas in this country and a bill in Congress that will incentivize us to use it to replace imported oil, allowing America to recapture control of its energy policy.”
DALLAS----In his twelfth consecutive monthly update on the level of foreign oil imports in the U.S., energy expert T. Boone Pickens said that based on the latest figures from the U.S. Department of Energy’s Energy Information Administration (EIA), the U.S. imported 61% percent of its oil, or 339 million barrels in November 2009, sending approximately $26.4 billion, or $ 591,477 per minute, overseas to foreign governments.
“We’re almost finished with 2009, and we really haven’t made any progress in reducing our dependence on foreign oil,” said Pickens. “Failure to address this issue threatens our national and economic security, and that’s unacceptable. We have an alternative resource in natural gas that is right here in our own soil and with abundant supply to last more than 100 years. But, while we can be frustrated at our failure to reduce our dependence on foreign oil in 2009, we can be hopeful that we are closer to passing a bill in Congress that will incentivize us to use natural gas in transportation in early 2010, which will allow America to recapture control of its energy policy. We urge the leadership in Washington to get The NAT GAS Act passed and to make progress on reducing foreign oil dependence once and for all.”
The NAT GAS Act of 2009, H.R. 1835, was introduced in the House of Representatives on April 1, 2009 and has 126 bipartisan cosponsors. The Senate version of this bill, S. 1408, was introduced on July 8, 2009 as a bipartisan bill by Senate Majority Leader Harry Reid and Senator Robert Menendez (D-NJ) and Senator Orrin Hatch (R-UT).
Pickens continued, “The International Energy Agency said Friday that world demand for oil will increase in 2010 as economies recover. As demand goes up, so does the price, which means we’ll be sending even more American dollars overseas if we don’t act to get on our own resources immediately.”
Since January 2009, the U.S. has imported more than 4 billion barrels of oil. A study released in June by the Potential Gas Committee, a group of academics and industry specialists supported by the Colorado School of Mines, estimates that we have more than 2,000 trillion cubic feet of natural gas reserves, the only available source that could immediately replace foreign oil as a transportation fuel.
About the Pickens Plan
Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Last year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national security and national economic threat. The plan calls for expanding the use of domestic renewable resources, such as wind and solar, in power generation and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil.
More than 1.6 million people have joined the Pickens Army through the website www.pickensplan.com, which has had over 17 million hits. For more information on the Pickens Plan please visit our website www.pickensplan.com.
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
Bipartisan NAT GAS Act would Dramatically Reduce Our Dependence on Foreign Oil as World Demand Poised to Increase
Pickens says, “We have more than 100 years supply of natural gas in this country and a bill in Congress that will incentivize us to use it to replace imported oil, allowing America to recapture control of its energy policy.”
DALLAS----In his twelfth consecutive monthly update on the level of foreign oil imports in the U.S., energy expert T. Boone Pickens said that based on the latest figures from the U.S. Department of Energy’s Energy Information Administration (EIA), the U.S. imported 61% percent of its oil, or 339 million barrels in November 2009, sending approximately $26.4 billion, or $ 591,477 per minute, overseas to foreign governments.
“We’re almost finished with 2009, and we really haven’t made any progress in reducing our dependence on foreign oil,” said Pickens. “Failure to address this issue threatens our national and economic security, and that’s unacceptable. We have an alternative resource in natural gas that is right here in our own soil and with abundant supply to last more than 100 years. But, while we can be frustrated at our failure to reduce our dependence on foreign oil in 2009, we can be hopeful that we are closer to passing a bill in Congress that will incentivize us to use natural gas in transportation in early 2010, which will allow America to recapture control of its energy policy. We urge the leadership in Washington to get The NAT GAS Act passed and to make progress on reducing foreign oil dependence once and for all.”
The NAT GAS Act of 2009, H.R. 1835, was introduced in the House of Representatives on April 1, 2009 and has 126 bipartisan cosponsors. The Senate version of this bill, S. 1408, was introduced on July 8, 2009 as a bipartisan bill by Senate Majority Leader Harry Reid and Senator Robert Menendez (D-NJ) and Senator Orrin Hatch (R-UT).
Pickens continued, “The International Energy Agency said Friday that world demand for oil will increase in 2010 as economies recover. As demand goes up, so does the price, which means we’ll be sending even more American dollars overseas if we don’t act to get on our own resources immediately.”
Since January 2009, the U.S. has imported more than 4 billion barrels of oil. A study released in June by the Potential Gas Committee, a group of academics and industry specialists supported by the Colorado School of Mines, estimates that we have more than 2,000 trillion cubic feet of natural gas reserves, the only available source that could immediately replace foreign oil as a transportation fuel.
About the Pickens Plan
Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Last year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national security and national economic threat. The plan calls for expanding the use of domestic renewable resources, such as wind and solar, in power generation and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil.
More than 1.6 million people have joined the Pickens Army through the website www.pickensplan.com, which has had over 17 million hits. For more information on the Pickens Plan please visit our website www.pickensplan.com.
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
Thursday, December 10, 2009
Smart Grid News - New IDC Energy Insights Study Reveals ICT Spending on Intelligent Grid to Reach $17.5 Billion by 2013
Smart Grid News - New IDC Energy Insights Study Reveals ICT Spending on Intelligent Grid to Reach $17.5 Billion by 2013
Research Provides In Depth Understanding of the Intelligent Grid Opportunity in North America
FRAMINGHAM, Mass.---IDC Energy Insights today announced the availability of a new in-depth and focused study that assesses and forecasts the intelligent grid opportunity for North American electric utilities. Findings from the study, North American Intelligent Grid Utility Spending Forecast (Document # EI220896, December 2009), reveal that information and communications technologies (ICT) spending on intelligent grid technology will increase at a compound annual growth rate (CAGR) of 15.1% to reach $17.5 billion by 2013.
"The intelligent grid is a rapidly growing area, yet little hard data has been available in the past to provide market players with a validated assessment of the market’s status and direction – particularly in terms of spending," said Marcus Torchia, research manager, IDC Energy Insights, Intelligent Grid Strategies. "To understand the magnitude and timing of ICT investments, we surveyed more than 80 utilities in U.S. and Canada to help our industry clients in their strategic planning. The result is a comprehensive forecast of spending and adoption of key smart grid ICT technologies across multiple utility segments."
Key findings of this ground-breaking research include the following:
•The investor-owned utility segment leads in spending on intelligent grid technology investments through the forecast period; •Intelligent metering/AMI projects act as a springboard for business process transformation and further technology investment; •There is an increase in pilot project activity accompanied with expectations for longer trial periods which provide ample opportunity for vendor learning as utility investment focus shifts in forecast period. The IDC Energy Insights report takes into account the impact of ARRA 2009 on intelligent grid grants and offers IT vendors, private equity and institutional investors, and utilities executives with timely forecasts on the size and growth in spending for hardware, software and services for the intelligent grid in the electric utilities industry. It examines spending plans and budgets, barriers to adoption, and select technology preferences. Business benefits of the research include market planning, product development, and effective go-to-market planning initiatives.
For additional information about this study, or to arrange a one-on-one briefing with an IDC Energy Insights analyst, please contact Sarah Murray at 781-794-3214 781-794-3214 or sarahbethmurray@gmail.com. Reports are available to qualified members of the media. For information on purchasing reports, contact insights@idc.com; reporters should email sarahbethmurray@gmail.com.
About IDC Energy Insights
IDC Energy Insights provides research-based advisory and consulting services focused on market and technology developments in the energy and utility industries. Staffed by senior analysts with decades of industry experience, IDC Energy Insights covers both the utility and oil & gas segments, providing independent, timely, and relevant analysis focused on key business and technology issues. IDC Energy Insights serves a diverse and growing global client base, including electric, gas and water utilities, IT suppliers, independent power producers, retail energy providers, oil and gas companies, equipment manufacturers, government agencies, financial institutions, and professional services firms. IDC is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc-ei.com or email info@idc-ei.com.
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
Research Provides In Depth Understanding of the Intelligent Grid Opportunity in North America
FRAMINGHAM, Mass.---IDC Energy Insights today announced the availability of a new in-depth and focused study that assesses and forecasts the intelligent grid opportunity for North American electric utilities. Findings from the study, North American Intelligent Grid Utility Spending Forecast (Document # EI220896, December 2009), reveal that information and communications technologies (ICT) spending on intelligent grid technology will increase at a compound annual growth rate (CAGR) of 15.1% to reach $17.5 billion by 2013.
"The intelligent grid is a rapidly growing area, yet little hard data has been available in the past to provide market players with a validated assessment of the market’s status and direction – particularly in terms of spending," said Marcus Torchia, research manager, IDC Energy Insights, Intelligent Grid Strategies. "To understand the magnitude and timing of ICT investments, we surveyed more than 80 utilities in U.S. and Canada to help our industry clients in their strategic planning. The result is a comprehensive forecast of spending and adoption of key smart grid ICT technologies across multiple utility segments."
Key findings of this ground-breaking research include the following:
•The investor-owned utility segment leads in spending on intelligent grid technology investments through the forecast period; •Intelligent metering/AMI projects act as a springboard for business process transformation and further technology investment; •There is an increase in pilot project activity accompanied with expectations for longer trial periods which provide ample opportunity for vendor learning as utility investment focus shifts in forecast period. The IDC Energy Insights report takes into account the impact of ARRA 2009 on intelligent grid grants and offers IT vendors, private equity and institutional investors, and utilities executives with timely forecasts on the size and growth in spending for hardware, software and services for the intelligent grid in the electric utilities industry. It examines spending plans and budgets, barriers to adoption, and select technology preferences. Business benefits of the research include market planning, product development, and effective go-to-market planning initiatives.
For additional information about this study, or to arrange a one-on-one briefing with an IDC Energy Insights analyst, please contact Sarah Murray at 781-794-3214 781-794-3214 or sarahbethmurray@gmail.com. Reports are available to qualified members of the media. For information on purchasing reports, contact insights@idc.com; reporters should email sarahbethmurray@gmail.com.
About IDC Energy Insights
IDC Energy Insights provides research-based advisory and consulting services focused on market and technology developments in the energy and utility industries. Staffed by senior analysts with decades of industry experience, IDC Energy Insights covers both the utility and oil & gas segments, providing independent, timely, and relevant analysis focused on key business and technology issues. IDC Energy Insights serves a diverse and growing global client base, including electric, gas and water utilities, IT suppliers, independent power producers, retail energy providers, oil and gas companies, equipment manufacturers, government agencies, financial institutions, and professional services firms. IDC is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc-ei.com or email info@idc-ei.com.
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
Northern Trust offers environmental analytics for clients to measure the carbon footprint of their investments
Northern Trust offers environmental analytics for clients to measure the carbon footprint of their investments
LONDON, 10 December 2009 – Northern Trust (Nasdaq: NTRS) announced today that it will offer environmental emission analytics, enabling institutional investors and high net worth individuals across the globe to effectively measure the carbon footprint of their investments. These new capabilities form part of Northern Trust’s existing suite of investment risk and performance analytics solutions.
This latest enhancement comes at a time of heightened awareness of the effects of carbon emissions on the environment, particularly as governments worldwide implement taxes and regulation on emissions. The development of environmental emission analytics is in line with Northern Trust’s commitment to supporting responsible investment policies through asset management and asset servicing solutions.
"Increasingly, we are seeing investors turn their attention towards measures that attempt to accurately attribute environmental impact as an extension to established performance and risk analytics," said Peter Holman, head of client servicing for institutional investors in EMEA, at Northern Trust. "But the ability to accurately assess the carbon footprint of a portfolio is largely constrained by the lack of consistent or comprehensive environmental data disclosed by companies."
Northern Trust provides clients with environmental analytics based on data from Trucost Plc, through the Style Research Portfolio Analyzer (SRPA). Trucost which was established to help organisations, investors and governments understand the environmental impact of business activities in financial terms, claims to hold the world’s most comprehensive database on corporate greenhouse gas emissions.
"By combining the analytics received through Trucost’s methodology with Northern Trust’s existing performance and analytics capabilities, we provide consolidated information to clients, enabling them to compare the carbon footprints of their managers alongside more traditional risk metrics and style analyses," said Ian Castledine, global head of investment risk product for asset servicing at Northern Trust. "Using our integrated environmental analytics solution, trustees can make comparisons between funds and individual managers, and improve communications on environmental performance with stakeholders and regulatory bodies. This may ultimately result in a reduced environmental impact of their investments, without sacrificing financial performance."
The new capability is an innovation of Northern Trust’s Investment Risk and Analytical Services, which has provided risk and performance services to clients for more than 30 years. Recent developments include enhanced data for comprehensive Environmental, Social and Governance monitoring of client portfolios with its Compliance Analyst product. A recent member of the United Nations Principles for Responsible Investment (UN PRI) and member of the Institutional Investors Group on Climate Change (IIGCC), Northern Trust also has more than US$9 billion in socially screened assets under management, including index options such as the Northern Global Sustainability Index Fund.
Northern Trust does not review/approve the contents/conclusions provided by Trucost and offers this on an information only basis for use as the client deems appropriate.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2009, Northern Trust had assets under custody of US$3.6 trillion, and assets under investment management of US$611 billion. For 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com.
Northern Trust operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority.
Northern Trust in Hong Kong is a securities company regulated by the Securities and Futures Commission.
Northern Trust in Singapore is a foreign wholesale bank regulated by the Monetary Authority of Singapore.
Northern Trust operates in China as a Representative Office and is regulated by the China Banking Regulatory Commission.
Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, Northern Trust Fiduciary Company (Guernsey) Limited and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission
Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission
Northern Trust Global Services is authorised and regulated in the Netherlands by De Nederlandsche Bank
Northern Trust Global Services Limited Luxembourg Branch is authorised and regulated by the Financial Services Authority and in Luxembourg by the Commission de Surveillance du Secteur Financier (CSSF) and Northern Trust Luxembourg Management Company S.A. is regulated by the CSSF
Northern Trust Global Services Limited – Abu Dhabi. Representative Office, Licence number 13/238/2008
Where Northern Trust’s UK entities undertake regulated business, they are authorised and regulated in the United Kingdom by the Financial Services Authority
Northern Trust International Fund Administration Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Financial Regulator.
The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.
Northern Trust Global Services Ltd (UK) Sweden Filial is a BCD Passported branch of Northern Trust Global Services Ltd a firm authorised and regulated in the UK by the Financial Services Authority (‘FSA’).News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
LONDON, 10 December 2009 – Northern Trust (Nasdaq: NTRS) announced today that it will offer environmental emission analytics, enabling institutional investors and high net worth individuals across the globe to effectively measure the carbon footprint of their investments. These new capabilities form part of Northern Trust’s existing suite of investment risk and performance analytics solutions.
This latest enhancement comes at a time of heightened awareness of the effects of carbon emissions on the environment, particularly as governments worldwide implement taxes and regulation on emissions. The development of environmental emission analytics is in line with Northern Trust’s commitment to supporting responsible investment policies through asset management and asset servicing solutions.
"Increasingly, we are seeing investors turn their attention towards measures that attempt to accurately attribute environmental impact as an extension to established performance and risk analytics," said Peter Holman, head of client servicing for institutional investors in EMEA, at Northern Trust. "But the ability to accurately assess the carbon footprint of a portfolio is largely constrained by the lack of consistent or comprehensive environmental data disclosed by companies."
Northern Trust provides clients with environmental analytics based on data from Trucost Plc, through the Style Research Portfolio Analyzer (SRPA). Trucost which was established to help organisations, investors and governments understand the environmental impact of business activities in financial terms, claims to hold the world’s most comprehensive database on corporate greenhouse gas emissions.
"By combining the analytics received through Trucost’s methodology with Northern Trust’s existing performance and analytics capabilities, we provide consolidated information to clients, enabling them to compare the carbon footprints of their managers alongside more traditional risk metrics and style analyses," said Ian Castledine, global head of investment risk product for asset servicing at Northern Trust. "Using our integrated environmental analytics solution, trustees can make comparisons between funds and individual managers, and improve communications on environmental performance with stakeholders and regulatory bodies. This may ultimately result in a reduced environmental impact of their investments, without sacrificing financial performance."
The new capability is an innovation of Northern Trust’s Investment Risk and Analytical Services, which has provided risk and performance services to clients for more than 30 years. Recent developments include enhanced data for comprehensive Environmental, Social and Governance monitoring of client portfolios with its Compliance Analyst product. A recent member of the United Nations Principles for Responsible Investment (UN PRI) and member of the Institutional Investors Group on Climate Change (IIGCC), Northern Trust also has more than US$9 billion in socially screened assets under management, including index options such as the Northern Global Sustainability Index Fund.
Northern Trust does not review/approve the contents/conclusions provided by Trucost and offers this on an information only basis for use as the client deems appropriate.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2009, Northern Trust had assets under custody of US$3.6 trillion, and assets under investment management of US$611 billion. For 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com.
Northern Trust operates in Australia as a foreign authorised deposit-taking institution (foreign ADI) and is regulated by the Australian Prudential Regulation Authority.
Northern Trust in Hong Kong is a securities company regulated by the Securities and Futures Commission.
Northern Trust in Singapore is a foreign wholesale bank regulated by the Monetary Authority of Singapore.
Northern Trust operates in China as a Representative Office and is regulated by the China Banking Regulatory Commission.
Northern Trust (Guernsey) Limited, Northern Trust Fiduciary Services (Guernsey) Limited, Northern Trust Fiduciary Company (Guernsey) Limited and Northern Trust International Fund Administration Services (Guernsey) Limited are licensed by the Guernsey Financial Services Commission
Northern Trust International Fund Administrators (Jersey) Limited and Northern Trust Fiduciary Services (Jersey) Limited are regulated by the Jersey Financial Services Commission
Northern Trust Global Services is authorised and regulated in the Netherlands by De Nederlandsche Bank
Northern Trust Global Services Limited Luxembourg Branch is authorised and regulated by the Financial Services Authority and in Luxembourg by the Commission de Surveillance du Secteur Financier (CSSF) and Northern Trust Luxembourg Management Company S.A. is regulated by the CSSF
Northern Trust Global Services Limited – Abu Dhabi. Representative Office, Licence number 13/238/2008
Where Northern Trust’s UK entities undertake regulated business, they are authorised and regulated in the United Kingdom by the Financial Services Authority
Northern Trust International Fund Administration Services (Ireland) Limited and Northern Trust Fiduciary Services (Ireland) Limited are regulated by the Financial Regulator.
The Northern Trust Company operates in Canada as The Northern Trust Company, Canada Branch which is an authorized foreign bank branch under the Bank Act (Canada). Trustee related services in Canada are provided by the wholly owned subsidiary The Northern Trust Company, Canada, an authorized trust company under the Trust & Loans Companies Act (Canada). Deposits with The Northern Trust Company and its affiliates and subsidiaries are not insured by the Canada Deposit Insurance Corporation.
Northern Trust Global Services Ltd (UK) Sweden Filial is a BCD Passported branch of Northern Trust Global Services Ltd a firm authorised and regulated in the UK by the Financial Services Authority (‘FSA’).News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
Wednesday, December 09, 2009
Investor Searches Include Renewable Energy Stocks, Green Energy Stocks, Water Stocks, Clean Energy Stocks as United Nations Climate Change Conference
Investorideas.com Top 10 Investor Searches Include Renewable Energy Stocks, Green Energy Stocks, Water Stocks, Clean Energy Stocks as United Nations Climate Change Conference Takes Place
POINT ROBERTS, Wash., Delta, B.C.–December 9th, 2009 - www.InvestorIdeas.com, a global investor research portal announces this week’s top ten search phrases from inbound investors.
The top ten inbound searches reflect the Copenhagen effect as investors and leaders turn their attention to the United Nations Climate Change Conference.
According to the press United Nations press release, “The highly anticipated conference marks an historic turning point on how the world confronts climate change, an issue with profound implications for the health and prosperity of all people.”
The Top 10 Investor Search List is featured on Investorideas.com home page and is updated each Wednesday for investors to review.
Investorideas.com has made recent changes to membership and stock directories, now making each individual directory available in a PDF. Investors can search for stocks in their favorite sectors, from natural gas, to renewable energy to water and more.
1. Natural gas stocks -Natural Gas Stocks Directory: Research Natural Gas stocks
2. Natural gas news
3. Renewable energy companies -Renewable Energy Stocks Directory- Research over 900 Green Stocks in the new PDF format
4. Renewable energy stocks 5. Green energy stocks 6. Water stocks -Water Stocks Directory- Research Water Stocks with the new directory in new PDF directory 7. Alternative energy companies 8. Stock Market India 9. Gold stocks -Mining Stocks Directory – Research over 900 global mining stocks on TSX, ASX, OTC, NASDAQ and more in the new PDF
10. Clean energy stocks
See our complete list of stock directories by sector at Investor Ideas and research stocks in each sector.
Green Energy investors can also research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Smart Grid Stocks, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Investor Ideas Members can now access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks. Learn more about becoming a member.
Investors are also reminded to sign up for the launch of the new free investor newsletter – the next great investor idea! Investors can sign up for the new free newsletter on the pop- up box on the home page of www.investorideas.com or the newsletter sign up page.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering multiple industry sectors including water, mining, renewable energy, energy, biotech, defense and global markets including China, India, Middle East and Australia. The website covers several sectors but has a focus on environment and water. Investorideas.com meets the needs of retail investors, public companies and entrepreneurs with unique tools and services ranging from stock directories, newsfeeds, funding directories and more.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
POINT ROBERTS, Wash., Delta, B.C.–December 9th, 2009 - www.InvestorIdeas.com, a global investor research portal announces this week’s top ten search phrases from inbound investors.
The top ten inbound searches reflect the Copenhagen effect as investors and leaders turn their attention to the United Nations Climate Change Conference.
According to the press United Nations press release, “The highly anticipated conference marks an historic turning point on how the world confronts climate change, an issue with profound implications for the health and prosperity of all people.”
The Top 10 Investor Search List is featured on Investorideas.com home page and is updated each Wednesday for investors to review.
Investorideas.com has made recent changes to membership and stock directories, now making each individual directory available in a PDF. Investors can search for stocks in their favorite sectors, from natural gas, to renewable energy to water and more.
1. Natural gas stocks -Natural Gas Stocks Directory: Research Natural Gas stocks
2. Natural gas news
3. Renewable energy companies -Renewable Energy Stocks Directory- Research over 900 Green Stocks in the new PDF format
4. Renewable energy stocks 5. Green energy stocks 6. Water stocks -Water Stocks Directory- Research Water Stocks with the new directory in new PDF directory 7. Alternative energy companies 8. Stock Market India 9. Gold stocks -Mining Stocks Directory – Research over 900 global mining stocks on TSX, ASX, OTC, NASDAQ and more in the new PDF
10. Clean energy stocks
See our complete list of stock directories by sector at Investor Ideas and research stocks in each sector.
Green Energy investors can also research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Smart Grid Stocks, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Investor Ideas Members can now access by login the Mining stocks directory, oil and gas stocks directory , Natural Gas Stocks Directory , Water Stocks Directory, Renewable energy stocks directory, Biotech Stocks Directory, Defense and Homeland Security Stocks Directory, Fuel cell stocks Directory, Environment Stocks Directory and the investor newsletter- The Insiders Corner, covering insider buying trends in small cap stocks. Learn more about becoming a member.
Investors are also reminded to sign up for the launch of the new free investor newsletter – the next great investor idea! Investors can sign up for the new free newsletter on the pop- up box on the home page of www.investorideas.com or the newsletter sign up page.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering multiple industry sectors including water, mining, renewable energy, energy, biotech, defense and global markets including China, India, Middle East and Australia. The website covers several sectors but has a focus on environment and water. Investorideas.com meets the needs of retail investors, public companies and entrepreneurs with unique tools and services ranging from stock directories, newsfeeds, funding directories and more.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
Solar Stocks News- Enbridge (TSX:ENB (NYSE:ENB ) and First Solar (NASDAQ:FSLR) Agree on 60 MW Renewable Energy Expansion at Sarnia
Solar Stocks News- Enbridge (TSX:ENB (NYSE:ENB ) and First Solar (NASDAQ:FSLR) Agree on 60 MW Renewable Energy Expansion at Sarnia
Initial 20 MW Sarnia Solar Project achieves commercial operations
CALGARY, ALBERTA AND TEMPE, ARIZONA--- Enbridge Inc. (TSX:ENB (NYSE:ENB ) and First Solar, Inc. (NASDAQ:FSLR) announced that they have entered into an agreement to expand the Sarnia Solar Project from 20 megawatts of capacity to 80 megawatts (MW), with a total system cost of approximately CDN $300 million for the expansion. When completed in the second half of 2010, it is expected to be the largest photovoltaic solar energy facility in North America. Enbridge and First Solar announced in October an agreement for Enbridge to acquire the initial 20 MW solar energy project that First Solar developed at the Sarnia site. This project achieved full commercial operation on December 7, 2009.
"We're delighted to further strengthen our relationship with First Solar," said Patrick D. Daniel, President and Chief Executive Officer, Enbridge, Inc. "First Solar has delivered the initial 20 MW as committed - demonstrating their strong technical competence combined with attention to meaningful community engagement and corporate social responsibility practices that align with our own values.
"Enbridge has made significant strides in growing its green energy business in 2009. With this investment, we will have interests in more than 470 megawatts of green power capacity from our five wind energy projects, expanded solar facilities, four waste heat recovery facilities and the world's first commercial application of hybrid-fuel cell technology."
"We welcome this new investment from Enbridge to expand the Sarnia project," said Bruce Sohn, President of First Solar. "It demonstrates confidence in First Solar's Engineering, Procurement and Construction team, which has recently completed the first 20 MW at Sarnia."
Mr. Daniel noted that solar energy is a key component of Enbridge's environmental performance strategy to invest in renewable and alternative energy sources that complement Enbridge's core operations and provide environmental benefits.
"Our increased investment in the Sarnia Solar Project maintains risk and return characteristics which are fully consistent with Enbridge's low-risk business model, and similar to our crude oil pipeline business," said Mr. Daniel. "The expansion of the Sarnia Solar Project will take advantage of the capacity of the Sarnia site to accommodate additional capacity. Following on our recently announced wind energy project, the Sarnia solar expansion provides a good balance in our renewable energy portfolio between solar and wind."
Subject to the satisfaction of certain conditions precedent, First Solar will construct the solar project for Enbridge under a fixed price engineering, procurement and construction contract, utilizing its thin film photovoltaic technology. First Solar's advanced thin film technology has been deployed in 1.5 gigawatts of installations in the U.S. and Europe.
The 60 MW phase of the project is expected to begin construction in December and be completed by December 2010. At 80 MW, Enbridge expects the Sarnia Solar Project will generate enough power to meet the needs of over 12,800 homes and help to save the equivalent of approximately 39,000 tonnes of CO2 per year.
First Solar will also provide operations and maintenance services to Enbridge under a long-term contract. The power output of the 80 MW facility will be sold to the Ontario Power Authority pursuant to 20-year Power Purchase Agreements under the terms of the Ontario Government's Renewable Energy Standard Offer Program.
"Our recent investments in green energy projects in Ontario - including the 99 MW Talbot Wind Energy Project, our 190 MW Enbridge Ontario Wind Project, and the Sarnia Solar Project - are evidence of Enbridge's commitment to advancing environmentally preferred energy solutions, and of the value of the Ontario government's proactive support and encouragement of investment within the province," said Mr. Daniel.
Sarnia Solar Energy at a glance:
Capacity peak: approx. 80,000 kilowatts
Module surface area: approx. 973,000 m2; approx. 1.3 million thin film modules (First Solar)
Annual yield: approx. 120 million kWh (corresponding to the annual consumption of over 12,800 households)
CO2 saving: over 39,000 tonnes per year
About Enbridge
Enbridge Inc., a Canadian company, is a North American leader in delivering energy. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a growing involvement in the natural gas transmission and midstream businesses, and is expanding its interests in renewable and green energy technologies including wind and solar energy, hybrid fuel cells and carbon dioxide sequestration. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge employs approximately 6,000 people, primarily in Canada and the U.S. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit enbridge.com.
About First Solar
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. By continually driving down manufacturing costs, First Solar is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.
For Enbridge Investors
Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. Although Enbridge believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties pertaining to operating performance, regulatory parameters, weather, economic conditions and commodity prices. You can find a discussion of those risks and uncertainties in our Canadian securities filings and American SEC filings. While Enbridge makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Except as may be required by applicable securities laws, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
Initial 20 MW Sarnia Solar Project achieves commercial operations
CALGARY, ALBERTA AND TEMPE, ARIZONA--- Enbridge Inc. (TSX:ENB (NYSE:ENB ) and First Solar, Inc. (NASDAQ:FSLR) announced that they have entered into an agreement to expand the Sarnia Solar Project from 20 megawatts of capacity to 80 megawatts (MW), with a total system cost of approximately CDN $300 million for the expansion. When completed in the second half of 2010, it is expected to be the largest photovoltaic solar energy facility in North America. Enbridge and First Solar announced in October an agreement for Enbridge to acquire the initial 20 MW solar energy project that First Solar developed at the Sarnia site. This project achieved full commercial operation on December 7, 2009.
"We're delighted to further strengthen our relationship with First Solar," said Patrick D. Daniel, President and Chief Executive Officer, Enbridge, Inc. "First Solar has delivered the initial 20 MW as committed - demonstrating their strong technical competence combined with attention to meaningful community engagement and corporate social responsibility practices that align with our own values.
"Enbridge has made significant strides in growing its green energy business in 2009. With this investment, we will have interests in more than 470 megawatts of green power capacity from our five wind energy projects, expanded solar facilities, four waste heat recovery facilities and the world's first commercial application of hybrid-fuel cell technology."
"We welcome this new investment from Enbridge to expand the Sarnia project," said Bruce Sohn, President of First Solar. "It demonstrates confidence in First Solar's Engineering, Procurement and Construction team, which has recently completed the first 20 MW at Sarnia."
Mr. Daniel noted that solar energy is a key component of Enbridge's environmental performance strategy to invest in renewable and alternative energy sources that complement Enbridge's core operations and provide environmental benefits.
"Our increased investment in the Sarnia Solar Project maintains risk and return characteristics which are fully consistent with Enbridge's low-risk business model, and similar to our crude oil pipeline business," said Mr. Daniel. "The expansion of the Sarnia Solar Project will take advantage of the capacity of the Sarnia site to accommodate additional capacity. Following on our recently announced wind energy project, the Sarnia solar expansion provides a good balance in our renewable energy portfolio between solar and wind."
Subject to the satisfaction of certain conditions precedent, First Solar will construct the solar project for Enbridge under a fixed price engineering, procurement and construction contract, utilizing its thin film photovoltaic technology. First Solar's advanced thin film technology has been deployed in 1.5 gigawatts of installations in the U.S. and Europe.
The 60 MW phase of the project is expected to begin construction in December and be completed by December 2010. At 80 MW, Enbridge expects the Sarnia Solar Project will generate enough power to meet the needs of over 12,800 homes and help to save the equivalent of approximately 39,000 tonnes of CO2 per year.
First Solar will also provide operations and maintenance services to Enbridge under a long-term contract. The power output of the 80 MW facility will be sold to the Ontario Power Authority pursuant to 20-year Power Purchase Agreements under the terms of the Ontario Government's Renewable Energy Standard Offer Program.
"Our recent investments in green energy projects in Ontario - including the 99 MW Talbot Wind Energy Project, our 190 MW Enbridge Ontario Wind Project, and the Sarnia Solar Project - are evidence of Enbridge's commitment to advancing environmentally preferred energy solutions, and of the value of the Ontario government's proactive support and encouragement of investment within the province," said Mr. Daniel.
Sarnia Solar Energy at a glance:
Capacity peak: approx. 80,000 kilowatts
Module surface area: approx. 973,000 m2; approx. 1.3 million thin film modules (First Solar)
Annual yield: approx. 120 million kWh (corresponding to the annual consumption of over 12,800 households)
CO2 saving: over 39,000 tonnes per year
About Enbridge
Enbridge Inc., a Canadian company, is a North American leader in delivering energy. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a growing involvement in the natural gas transmission and midstream businesses, and is expanding its interests in renewable and green energy technologies including wind and solar energy, hybrid fuel cells and carbon dioxide sequestration. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge employs approximately 6,000 people, primarily in Canada and the U.S. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit enbridge.com.
About First Solar
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. By continually driving down manufacturing costs, First Solar is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.
For Enbridge Investors
Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. Although Enbridge believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties pertaining to operating performance, regulatory parameters, weather, economic conditions and commodity prices. You can find a discussion of those risks and uncertainties in our Canadian securities filings and American SEC filings. While Enbridge makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Except as may be required by applicable securities laws, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
CTSI Matching Cleantech Companies With Utility & Municipal Partners
CTSI Matching Cleantech Companies With Utility & Municipal Partners
Leading organizations support new clean technology identification and partnership program for smart grid, efficiency, distributed generation and more.
AUSTIN, Texas, Dec. 8 -- The Clean Technology & Sustainable Industries Organization (CTSI), a global non-profit trade organization, announced the launch of the Utility Technology Challenge to address a critical roadblock faced by companies in the clean tech space - finding the right test partners.
The goal of the Utility Technology Challenge is to facilitate testing and pilot project partnerships that will enable more rapid growth of clean technology companies, and increase the speed of clean technology adoption by utilities and municipalities - driving more jobs, and securing safer, cleaner, and more reliable energy and water supplies.
Initial sponsors of the program include, The US Department of Energy, Austin Energy, Accenture, City of Anaheim, National Grid, San Diego Gas & Electric (SDG&E), and Lockheed Martin. "Our partners are global leaders in recognizing the importance of helping develop and implement innovative clean technologies," stated Patricia Glaza, CTSI Executive Director. "Their support allows us to address a driving need of our membership - bridging the partner identification gap."
Companies developing energy, water and environmental technology solutions are encouraged to submit into the Utility Technology Challenge program. All solutions that meet program criteria will be made available and marketed to utility and municipal test and adoption partners, including the program sponsors. The program is open to companies across the globe, providing access and visibility to the best technology solutions available.
Utilities and municipalities seeking clean technology solutions are invited to participate in the program as either identified testing partners or program sponsors. Solution categories include: Smart Grid, Building Efficiency/Management, Industrial/Commercial Energy Efficiency, Residential Energy Efficiency, Demand Response, Load Management, Distributed Generation, Centralized Power Generation, Energy Storage, Lighting, IT, Transmission & Distribution, Transportation, Reliability & Service Management, Pollution Monitoring & Reduction, Water, Waste Management & Recycling.
Stan Blazewicz, Global Head of Technology commented on National Grid's membership "We are delighted to be involved with this utility challenge, our industry is facing great challenges as we look to secure and deliver energy supplies in a sustainable, carbon free way. Finding the right technologies and products and developing them to commercialization is a priority area for us. We look forward to working with DOE and our industry peers in identifying new opportunities for our industry.''
The Utility Technology Challenge offers energy-focused solution companies participating in the program the opportunity to gain international recognition and increase their chances of relationship development. The Challenge will result in a showcase being held June 22, 2010 in Anaheim, California as part of the Clean Technology 2010 conference and expo. An Advisory Committee, made up of program partners and technology experts, will review and select the top submitted solutions for presentation at the event, resulting in a list of 'Top 15 Utility Technologies'. All companies, regardless of technology type, will be invited to participate in the Utility & Municipal showcase and exclusive networking reception.
For more information on the program, please visit: www.ct-si.org/services/cleanTest/
About CTSI:
The Clean Technology & Sustainable Industries Organization (CTSI), a 501c6 non-profit industry association, represents the organizations developing, commercializing, and implementing energy, water, and environmental technologies. Clean technologies offer much needed solutions to growing resource security and sustainability concerns and are critical to maintaining economic competitiveness. CTSI brings together global leaders for advocacy, community development, networking, and information sharing to help bring these needed technologies to market more rapidly. Visit www.ct-si.org for more information.
About Clean Technology 2010:
Clean Technology 2010 is in its fourth year of providing business, technical and government leaders the opportunity to identify new technologies, build commercial partnerships, debate policy and regulations, and collaborate in a fast-paced, information packed event. Clean Technology 2010 is part of the annual TechConnect World conference and trade show, which attracts more than 5,000 attendees from around the word. Visit www.cleantech2010.com for more information.
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
Leading organizations support new clean technology identification and partnership program for smart grid, efficiency, distributed generation and more.
AUSTIN, Texas, Dec. 8 -- The Clean Technology & Sustainable Industries Organization (CTSI), a global non-profit trade organization, announced the launch of the Utility Technology Challenge to address a critical roadblock faced by companies in the clean tech space - finding the right test partners.
The goal of the Utility Technology Challenge is to facilitate testing and pilot project partnerships that will enable more rapid growth of clean technology companies, and increase the speed of clean technology adoption by utilities and municipalities - driving more jobs, and securing safer, cleaner, and more reliable energy and water supplies.
Initial sponsors of the program include, The US Department of Energy, Austin Energy, Accenture, City of Anaheim, National Grid, San Diego Gas & Electric (SDG&E), and Lockheed Martin. "Our partners are global leaders in recognizing the importance of helping develop and implement innovative clean technologies," stated Patricia Glaza, CTSI Executive Director. "Their support allows us to address a driving need of our membership - bridging the partner identification gap."
Companies developing energy, water and environmental technology solutions are encouraged to submit into the Utility Technology Challenge program. All solutions that meet program criteria will be made available and marketed to utility and municipal test and adoption partners, including the program sponsors. The program is open to companies across the globe, providing access and visibility to the best technology solutions available.
Utilities and municipalities seeking clean technology solutions are invited to participate in the program as either identified testing partners or program sponsors. Solution categories include: Smart Grid, Building Efficiency/Management, Industrial/Commercial Energy Efficiency, Residential Energy Efficiency, Demand Response, Load Management, Distributed Generation, Centralized Power Generation, Energy Storage, Lighting, IT, Transmission & Distribution, Transportation, Reliability & Service Management, Pollution Monitoring & Reduction, Water, Waste Management & Recycling.
Stan Blazewicz, Global Head of Technology commented on National Grid's membership "We are delighted to be involved with this utility challenge, our industry is facing great challenges as we look to secure and deliver energy supplies in a sustainable, carbon free way. Finding the right technologies and products and developing them to commercialization is a priority area for us. We look forward to working with DOE and our industry peers in identifying new opportunities for our industry.''
The Utility Technology Challenge offers energy-focused solution companies participating in the program the opportunity to gain international recognition and increase their chances of relationship development. The Challenge will result in a showcase being held June 22, 2010 in Anaheim, California as part of the Clean Technology 2010 conference and expo. An Advisory Committee, made up of program partners and technology experts, will review and select the top submitted solutions for presentation at the event, resulting in a list of 'Top 15 Utility Technologies'. All companies, regardless of technology type, will be invited to participate in the Utility & Municipal showcase and exclusive networking reception.
For more information on the program, please visit: www.ct-si.org/services/cleanTest/
About CTSI:
The Clean Technology & Sustainable Industries Organization (CTSI), a 501c6 non-profit industry association, represents the organizations developing, commercializing, and implementing energy, water, and environmental technologies. Clean technologies offer much needed solutions to growing resource security and sustainability concerns and are critical to maintaining economic competitiveness. CTSI brings together global leaders for advocacy, community development, networking, and information sharing to help bring these needed technologies to market more rapidly. Visit www.ct-si.org for more information.
About Clean Technology 2010:
Clean Technology 2010 is in its fourth year of providing business, technical and government leaders the opportunity to identify new technologies, build commercial partnerships, debate policy and regulations, and collaborate in a fast-paced, information packed event. Clean Technology 2010 is part of the annual TechConnect World conference and trade show, which attracts more than 5,000 attendees from around the word. Visit www.cleantech2010.com for more information.
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
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Tuesday, December 08, 2009
New Jersey’s and New York City’s Electricity Systems Now Talking to Each Other, Thanks to GE’s Smart Grid Technology & Smart Capital
New Jersey’s and New York City’s Electricity Systems Now Talking to Each Other, Thanks to GE’s Smart Grid Technology & Smart Capital
LINDEN, N.J.--Two major Northeastern US power grids, in New Jersey and New York City, are now talking to each other and dispatching energy more efficiently and reliably using breakthrough GE smart grid technology and capital, the company announced today. Three massive “variable frequency transformers” are converting up to 315 megawatts of electricity – enough for up to 300,000 homes – from the power system in New Jersey and feeding it to New York City.
The successful technology kickoff was celebrated during a dedication ceremony today at the 900-megawatt Linden cogeneration power plant owned by GE Energy Financial Services, just up the road from where Thomas Edison designed the first reliable electric light bulb 130 years ago. It follows three years of planning, design, construction and testing.
The rotary-type transformers – in their largest application – help control the intersection of two of the two largest electrical demand centers in the United States, the Pennsylvania-New Jersey-Maryland (PJM) transmission system and the New York City section of the NYISO grid, which are connected by an upgraded cable buried 60 feet below the Arthur Kill waterway.
These variable frequency transformers are stabilizing New York City’s power grid, increasing energy reliability and providing consumers with more diverse and lower-cost power sources. Because of capacity constraints, New York City pays among the highest electricity costs in North America, creating demand for PJM’s historically lower-cost power generation. The technology also reduces the need for new power plants within the city, where siting is difficult and construction costs are high.
“This investment will enable existing generating and transmission assets to help serve the needs of New York City, enhancing the return on those assets,” said Bob Gilligan, vice president of GE Energy’s transmission and distribution business. “Smarter technology, like these variable frequency transformers, help equip the grid with the versatility and capacity needed to power a world that’s continuing to increase its reliance on electrical power.”
The variable frequency transformers provide a precise control path between electrical grids, permitting power exchanges previously impossible because of technical constraints. They enable transmission system operators to control power flows with high reliability, speed and efficiency, while offering flexibility in how utilities meet growing energy demand.
“In addition to technology breakthroughs, the smart grid requires smart capital -- not only money, but expertise in understanding and navigating energy markets,” said Alex Urquhart, president and CEO of GE Energy Financial Services. “The capital we provided for this Linden smart grid project underscores our ability to optimize the value of an essential, long-lived and capital-intensive asset we own.”
Transformers Could Also Send Power from NYC to NJ
While power will most often flow from New Jersey to New York, economics and other factors could at times favor a reverse flow of power: from New York City to PJM. GE Energy Financial Services has commissioned PJM to study the transmission upgrades required for enabling such a reverse flow. GE Energy Financial Services also plans to work with PJM, as well as NYISO, to improve the system rules so the scheduling of power flows can be coordinated more smoothly between the two systems, allowing more economic, efficient and quicker use of the variable frequency transformers.
GE to Auction More Power from the Transformers
Four power marketing and trading companies are buying 300 megawatts of the power, in the first truly merchant US transmission project, and reselling it to wholesale and retail customers in New York City. GE Energy Financial Services plans to auction the balance of the transformers’ output, 15 megawatts, available because the system’s performance is exceeding its commitment.
The Linden project builds on GE Energy Financial Services’ 30-year legacy of investment in power transmission and generation. GE Energy Financial Services holds equity investments in power projects with a capacity to produce 23 gigawatts, equivalent to the installed generating capacity of the Netherlands.
About GE Energy Financial Services
GE Energy Financial Services’ experts invest globally with a long-term view, backed by the best of GE’s technical know-how, financial strength and rigorous risk management, across the capital spectrum, in one of the world’s most capital-intensive industries, energy. GE Energy Financial Services helps its customers and GE grow through new investments, strong partnerships and optimization of its more than $22 billion in assets. GE Energy Financial Services is based in Stamford, Connecticut. For more information, visit www.geenergyfinancialservices.com.
About GE Energy
GE Energy (www.ge.com/energy) is one of the world’s leading suppliers of power generation and energy delivery technologies, with 2008 revenue of $29.3 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE’s corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.
About GE
GE (NYSE: GE) is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at http://www.ge.com. GE is Imagination at Work.
Editor’s Note: B-roll and high res photos: http://www.geenergyfinancialservices.com/LindenVFT_Inauguration.asp
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
LINDEN, N.J.--Two major Northeastern US power grids, in New Jersey and New York City, are now talking to each other and dispatching energy more efficiently and reliably using breakthrough GE smart grid technology and capital, the company announced today. Three massive “variable frequency transformers” are converting up to 315 megawatts of electricity – enough for up to 300,000 homes – from the power system in New Jersey and feeding it to New York City.
The successful technology kickoff was celebrated during a dedication ceremony today at the 900-megawatt Linden cogeneration power plant owned by GE Energy Financial Services, just up the road from where Thomas Edison designed the first reliable electric light bulb 130 years ago. It follows three years of planning, design, construction and testing.
The rotary-type transformers – in their largest application – help control the intersection of two of the two largest electrical demand centers in the United States, the Pennsylvania-New Jersey-Maryland (PJM) transmission system and the New York City section of the NYISO grid, which are connected by an upgraded cable buried 60 feet below the Arthur Kill waterway.
These variable frequency transformers are stabilizing New York City’s power grid, increasing energy reliability and providing consumers with more diverse and lower-cost power sources. Because of capacity constraints, New York City pays among the highest electricity costs in North America, creating demand for PJM’s historically lower-cost power generation. The technology also reduces the need for new power plants within the city, where siting is difficult and construction costs are high.
“This investment will enable existing generating and transmission assets to help serve the needs of New York City, enhancing the return on those assets,” said Bob Gilligan, vice president of GE Energy’s transmission and distribution business. “Smarter technology, like these variable frequency transformers, help equip the grid with the versatility and capacity needed to power a world that’s continuing to increase its reliance on electrical power.”
The variable frequency transformers provide a precise control path between electrical grids, permitting power exchanges previously impossible because of technical constraints. They enable transmission system operators to control power flows with high reliability, speed and efficiency, while offering flexibility in how utilities meet growing energy demand.
“In addition to technology breakthroughs, the smart grid requires smart capital -- not only money, but expertise in understanding and navigating energy markets,” said Alex Urquhart, president and CEO of GE Energy Financial Services. “The capital we provided for this Linden smart grid project underscores our ability to optimize the value of an essential, long-lived and capital-intensive asset we own.”
Transformers Could Also Send Power from NYC to NJ
While power will most often flow from New Jersey to New York, economics and other factors could at times favor a reverse flow of power: from New York City to PJM. GE Energy Financial Services has commissioned PJM to study the transmission upgrades required for enabling such a reverse flow. GE Energy Financial Services also plans to work with PJM, as well as NYISO, to improve the system rules so the scheduling of power flows can be coordinated more smoothly between the two systems, allowing more economic, efficient and quicker use of the variable frequency transformers.
GE to Auction More Power from the Transformers
Four power marketing and trading companies are buying 300 megawatts of the power, in the first truly merchant US transmission project, and reselling it to wholesale and retail customers in New York City. GE Energy Financial Services plans to auction the balance of the transformers’ output, 15 megawatts, available because the system’s performance is exceeding its commitment.
The Linden project builds on GE Energy Financial Services’ 30-year legacy of investment in power transmission and generation. GE Energy Financial Services holds equity investments in power projects with a capacity to produce 23 gigawatts, equivalent to the installed generating capacity of the Netherlands.
About GE Energy Financial Services
GE Energy Financial Services’ experts invest globally with a long-term view, backed by the best of GE’s technical know-how, financial strength and rigorous risk management, across the capital spectrum, in one of the world’s most capital-intensive industries, energy. GE Energy Financial Services helps its customers and GE grow through new investments, strong partnerships and optimization of its more than $22 billion in assets. GE Energy Financial Services is based in Stamford, Connecticut. For more information, visit www.geenergyfinancialservices.com.
About GE Energy
GE Energy (www.ge.com/energy) is one of the world’s leading suppliers of power generation and energy delivery technologies, with 2008 revenue of $29.3 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE’s corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.
About GE
GE (NYSE: GE) is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at http://www.ge.com. GE is Imagination at Work.
Editor’s Note: B-roll and high res photos: http://www.geenergyfinancialservices.com/LindenVFT_Inauguration.asp
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
Visit the Renewable energy stocks directory - the largest online green stock directory for investors.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
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