Haiti Relief Efforts Double with Installed Solar Lights Sol, Inc. donation allows hospitals, food distribution, and relief camps to operate past dusk
PALM CITY, Fla., Jan. 15 - Millions of dollars of relief may never reach Haitians in time unless roadways, relief camps, hospitals and distribution areas can operate past dark.
Donating $300,000 and organizing relief efforts for Haiti, Sol, Inc. is no stranger to the effect solar lights have on safety and security. With over 40,000 solar lighting systems installed in over 60 countries on six continents, Sol, Inc. CEO Rick Schuett knew that the Sol, Inc. team had the expertise and desire to make a real difference.
"The Board of Directors chaired by Michael Sonnenfeldt, along with Sol, Inc. employees felt compelled to assist the victims of this earthquake," said Rick Schuett, CEO of Sol, Inc. "We know that once our solar lighting systems are installed, we will effectively double the amount of available relief effort time by allowing aid workers and rescuers to work around the clock when previously operations had to cease at dusk. In addition, our lighting systems will provide safety and security as well as being a hallmark that civility is being restored to the area."
The total donation is expected to exceed $400,000 with assistance from suppliers, donations and a solar light matching program.
Facilitating the assistance to Haiti is not a small task.
Sol, Inc. is working with Florida Congressman Rooney's Stuart office, several relief agencies and government agencies to transport the solar lights from Florida and get them installed in Haiti as quickly as possible. Missionary Flights International - http://www.missionaryflights.org - based in Ft. Piece has graciously agreed to fly some of the solar lighting systems as well as Sol, Inc. volunteers. Sol, Inc. is working with other relief organizations such as World Vision - http://www.worldvision.org , Unicef - http://www.unicef.org and Hands On Disaster Response - http://www.hodr.org to coordinate the installation, local logistics and security for the traveling team.
In addition, Sol, Inc. is dispatching a 44' catamaran donated by local entrepreneur Deane Blazie of Jupiter Island, which is scheduled to leave late Sunday or Monday (depending on weather). The boat will remain in Haiti for the next several weeks providing ground support and logistics.
Several of Sol, Inc.'s suppliers have generously donated time and materials including Alliance Composites Inc., C & L Technologies, Citizen Electronics, Haze Battery U.S.A., Karl Lust and SPOSTO Interactive, allowing Sol, Inc. to increase the number of solar light systems that will be available to the relief efforts.
"Our efforts will continue," said Schuett. "If you or your organization would like to donate money, medical supplies, water or equipment, please contact us immediately. Sol, Inc. is also actively seeking air and ocean transportation avenues for forthcoming donations."
Victor Sotolongo is coordinating the Solar Lights Donation logistics for Sol, Inc. Call, text or email him at 772.205-9987 or v.sotolongo@solarlighting.com .
Sol will be providing additional lights through a special ongoing Solar Lights for Haiti matching program it has established. For every solar light system purchased, Sol, Inc. will match the donation with a second solar light system. To support the solar lights for Haiti relief effort, visit http://www.solarlighting.com and click "Donate Light to Haiti Earthquake Victims."
Sol, Inc.'s solar light philanthropy program has assisted victims and volunteers in disaster recovery. Past recipients include: Hurricane Katrina Recovery Lighting (2005), Hurricane Rita Recovery Lighting (2005), Peruvian Earthquake Relief (2007), and Chapman, Kansas Tornado Redevelopment Lighting (2009). For more information about Sol, Inc.'s charitable outreach program visit: http://www.solarlightingusa.com/community-outreach.html
About Sol, Inc. - http://www.solarlighting.com
Sol, Inc. is the world leader in solar LED outdoor lighting solutions with over 40,000 systems installed in more than 60 countries on six continents. Since 1990, Sol has introduced innovative and cost-effective solar lighting systems that provide unsurpassed levels of illumination and reliability. Sol, Inc. develops, manufactures and markets commercial/industrial-grade solar powered and energy efficient lighting systems for a wide range of lighting applications including area and security, street and roadways, sign and billboards and transit and shelter lighting. Sol, Inc. is ISO 9001:2000 certified and committed to superior design, manufacturing, and customer satisfaction.
MEDIA CONTACT:
Audwin Cash acash@solarlighting.com ________________________________________
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Sunday, January 17, 2010
California Governor Launches Cobalt Technologies Low Carbon Fuel Plant Cobalt's Commercial Process for Producing Clean Biofuel and Chemicals Praised f
California Governor Launches Cobalt Technologies Low Carbon Fuel Plant Cobalt's Commercial Process for Producing Clean Biofuel and Chemicals Praised for Job Creation, Innovation
MOUNTAIN VIEW, Calif., -- Cobalt Technologies, the leader in commercializing biobutanol as a renewable fuel and chemical, today formally launched its first facility. California Governor Arnold Schwarzenegger and Silicon Valley cleantech leaders were on hand, demonstrating the importance of clean technology to the state's future economic vitality.
"It is great companies like Cobalt that will help California meet our greenhouse gas reduction targets under AB 32 and our Low Carbon Fuel Standard," said Governor Schwarzenegger. "Cobalt shows us that what is good for the environment can also be good for the economy. In fact, within the next few years, Cobalt has plans to build an even larger plant that will create 1,300 permanent jobs. I want that plant and those jobs right here in California. That's why, in my State of the State address, I announced a Jobs Initiative that we estimate could create 100,000 jobs with one piece of this proposal exempting the purchase of green-tech manufacturing equipment from the sales tax. This proposal will help California attract and retain green businesses and create the jobs of the future. I want every CEO, entrepreneur and innovator to know that if you're investing in a cleaner future, California will invest in you."
Cobalt biobutanol is an ideal fuel for California and the world. Cobalt uses non-food feedstock, such as forest waste and mill residues, and its technology reduces greenhouse gas emissions by 85 percent compared to gasoline. A 12 percent blend of Cobalt biobutanol with gasoline, already permissible under US EPA guidelines, complies with the requirements of California's Low Carbon Fuel Standard.
Cobalt's form of biobutanol (n-butanol) is very versatile. It can be used as a standalone fuel; blended with gasoline, diesel and ethanol; converted into jet fuel or plastics, or sold as is for use in paints and coatings. Butanol packs more energy than ethanol and is less polluting. In addition, it is a drop-in fuel, and is fully compatible with today's automobile engines and pipeline infrastructure.
"Cobalt is leading the race to bring economic next generation biofuels to market," said Rick Wilson, Ph.D., Chief Executive Officer of Cobalt Biofuels. "Based on the technology breakthroughs we have achieved, and the successful operation of our plant, we are on track to build a commercial facility within two years, and we are currently building a network of strategic partners in the fuels, chemicals, forest products, and construction industry to deploy our technology at the next scale. The Governor's leadership in clean technology policy, like the proposed sales tax exemption for green manufacturing equipment will help accelerate commercialization and make California an attractive place to site a plant."
One commercial-scale Cobalt plant employs 1,300 permanent green collar jobs at the plant and surrounding area, and adds more than $250 million annually to the state's GDP, according to a market study commissioned by Cobalt.
Cobalt is backed by leading investors in the cleantech sector, including Pinnacle Ventures, Vantage Point Venture Partners, Burrill and Company, Malaysian Life Sciences Capital Fund, Life Science Partners (LSP), @Ventures, and Harris & Harris.
About Cobalt Technologies
Cobalt Technologies replaces petroleum and petrochemicals with a highly versatile, profitable and renewable alternative – biobutanol. The company's technology and engineering platform offers a continuous process to efficiently convert diverse non-food feedstocks – beginning with waste wood – into biobutanol, an ideal building block for a wide range of bio-based products, including fuels, chemicals and plastics. With the best production rates and margins in the market for cellulosic butanol, Cobalt provides a commercial solution with greater capital efficiency and improved production facility economics. Cobalt is based in Mountain View, CA.
For further information, please visit www.cobaltbiofuels.com.
SOURCE Cobalt Technologies
RELATED LINKShttp://www.cobaltbiofuels.com______________________________________
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MOUNTAIN VIEW, Calif., -- Cobalt Technologies, the leader in commercializing biobutanol as a renewable fuel and chemical, today formally launched its first facility. California Governor Arnold Schwarzenegger and Silicon Valley cleantech leaders were on hand, demonstrating the importance of clean technology to the state's future economic vitality.
"It is great companies like Cobalt that will help California meet our greenhouse gas reduction targets under AB 32 and our Low Carbon Fuel Standard," said Governor Schwarzenegger. "Cobalt shows us that what is good for the environment can also be good for the economy. In fact, within the next few years, Cobalt has plans to build an even larger plant that will create 1,300 permanent jobs. I want that plant and those jobs right here in California. That's why, in my State of the State address, I announced a Jobs Initiative that we estimate could create 100,000 jobs with one piece of this proposal exempting the purchase of green-tech manufacturing equipment from the sales tax. This proposal will help California attract and retain green businesses and create the jobs of the future. I want every CEO, entrepreneur and innovator to know that if you're investing in a cleaner future, California will invest in you."
Cobalt biobutanol is an ideal fuel for California and the world. Cobalt uses non-food feedstock, such as forest waste and mill residues, and its technology reduces greenhouse gas emissions by 85 percent compared to gasoline. A 12 percent blend of Cobalt biobutanol with gasoline, already permissible under US EPA guidelines, complies with the requirements of California's Low Carbon Fuel Standard.
Cobalt's form of biobutanol (n-butanol) is very versatile. It can be used as a standalone fuel; blended with gasoline, diesel and ethanol; converted into jet fuel or plastics, or sold as is for use in paints and coatings. Butanol packs more energy than ethanol and is less polluting. In addition, it is a drop-in fuel, and is fully compatible with today's automobile engines and pipeline infrastructure.
"Cobalt is leading the race to bring economic next generation biofuels to market," said Rick Wilson, Ph.D., Chief Executive Officer of Cobalt Biofuels. "Based on the technology breakthroughs we have achieved, and the successful operation of our plant, we are on track to build a commercial facility within two years, and we are currently building a network of strategic partners in the fuels, chemicals, forest products, and construction industry to deploy our technology at the next scale. The Governor's leadership in clean technology policy, like the proposed sales tax exemption for green manufacturing equipment will help accelerate commercialization and make California an attractive place to site a plant."
One commercial-scale Cobalt plant employs 1,300 permanent green collar jobs at the plant and surrounding area, and adds more than $250 million annually to the state's GDP, according to a market study commissioned by Cobalt.
Cobalt is backed by leading investors in the cleantech sector, including Pinnacle Ventures, Vantage Point Venture Partners, Burrill and Company, Malaysian Life Sciences Capital Fund, Life Science Partners (LSP), @Ventures, and Harris & Harris.
About Cobalt Technologies
Cobalt Technologies replaces petroleum and petrochemicals with a highly versatile, profitable and renewable alternative – biobutanol. The company's technology and engineering platform offers a continuous process to efficiently convert diverse non-food feedstocks – beginning with waste wood – into biobutanol, an ideal building block for a wide range of bio-based products, including fuels, chemicals and plastics. With the best production rates and margins in the market for cellulosic butanol, Cobalt provides a commercial solution with greater capital efficiency and improved production facility economics. Cobalt is based in Mountain View, CA.
For further information, please visit www.cobaltbiofuels.com.
SOURCE Cobalt Technologies
RELATED LINKShttp://www.cobaltbiofuels.com______________________________________
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Latitude Solutions, Inc.'s CleanTech Group Subsidiary Acquires F&T Technologies, Inc.
Latitude Solutions, Inc.'s CleanTech Group Subsidiary Acquires F&T Technologies, Inc.
BOCA RATON, Fla., -- Latitude Solutions, Inc. ("LSI" or the "Company"), (Pink Sheets: LATI), announced today that its wholly-owned subsidiary, Latitude CleanTech Group, Inc., has acquired all of the assets, intellectual property and technology know-how of F&T Technologies, Inc. F&T Technologies has been owned (and operated) by F. William Gilmore, whose patents form the basis of Latitude CleanTech Group's water treatment technology. Mr. Gilmore will serve as Latitude CleanTech Group's President and Chief Technology Officer.
Warren V. Blasland, Latitude CleanTech Group's Chief Executive Officer, stated, "I have worked closely with Mr. Gilmore over the past year and have seen the major market advantages that occur based upon Mr. Gilmore's knowledge gained over his twenty years of experience including a number of projects conducted with Western Research Institute in Laramie, WY, using EC Technology. Mr. Gilmore was involved with the testing of a wide variety of polluted industrial wastewaters. Mr. Gilmore filed the original patents on Latitude CleanTech Group's treatment technology and continues to develop and patent ongoing enhancements to our technology."
Mr. Gilmore, stated, "The ability to deploy the technology and further refine it to solve the massive problems associated with the oil and gas recovery industry, particularly the oil sands tailings water and shale bed frac and product water and mining wastewaters in an era of increasing population and decreasing availability of clean water worldwide marks the culmination of a lifetime of finding solutions to these problems. I am very enthusiastic about Latitude CleanTech playing an important role in solving these growing worldwide problems."
About Latitude Solutions, Inc.
Latitude Solutions, Inc. is a holding company whose proprietary technologies and operations reside in three subsidiaries. Latitude Clean Technology Group, Inc. provides products, processes and solutions for contaminated water applications. GPS Latitude is the Company's technology/software/hardware group, which provides unique wireless telemetry/live video streaming security products to mobile assets and people. Trinity Solutions, Inc., the Company's third operating subsidiary has entered into a strategic alliance with a super certified Native American enterprise, which allows Trinity, on behalf of itself, its sister companies and other strategic alliances to bid for mission-critical government contracts on a preferential basis. LSI has offices in Boca Raton, Florida, Bend, Oregon, Huntsville, Alabama and Montreal, Quebec, Canada. The products and solutions can be viewed on www.lsiworldwide.com.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Latitude Solutions, Inc.
RELATED LINKShttp://www.lsiworldwide.com_____________________________________
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BOCA RATON, Fla., -- Latitude Solutions, Inc. ("LSI" or the "Company"), (Pink Sheets: LATI), announced today that its wholly-owned subsidiary, Latitude CleanTech Group, Inc., has acquired all of the assets, intellectual property and technology know-how of F&T Technologies, Inc. F&T Technologies has been owned (and operated) by F. William Gilmore, whose patents form the basis of Latitude CleanTech Group's water treatment technology. Mr. Gilmore will serve as Latitude CleanTech Group's President and Chief Technology Officer.
Warren V. Blasland, Latitude CleanTech Group's Chief Executive Officer, stated, "I have worked closely with Mr. Gilmore over the past year and have seen the major market advantages that occur based upon Mr. Gilmore's knowledge gained over his twenty years of experience including a number of projects conducted with Western Research Institute in Laramie, WY, using EC Technology. Mr. Gilmore was involved with the testing of a wide variety of polluted industrial wastewaters. Mr. Gilmore filed the original patents on Latitude CleanTech Group's treatment technology and continues to develop and patent ongoing enhancements to our technology."
Mr. Gilmore, stated, "The ability to deploy the technology and further refine it to solve the massive problems associated with the oil and gas recovery industry, particularly the oil sands tailings water and shale bed frac and product water and mining wastewaters in an era of increasing population and decreasing availability of clean water worldwide marks the culmination of a lifetime of finding solutions to these problems. I am very enthusiastic about Latitude CleanTech playing an important role in solving these growing worldwide problems."
About Latitude Solutions, Inc.
Latitude Solutions, Inc. is a holding company whose proprietary technologies and operations reside in three subsidiaries. Latitude Clean Technology Group, Inc. provides products, processes and solutions for contaminated water applications. GPS Latitude is the Company's technology/software/hardware group, which provides unique wireless telemetry/live video streaming security products to mobile assets and people. Trinity Solutions, Inc., the Company's third operating subsidiary has entered into a strategic alliance with a super certified Native American enterprise, which allows Trinity, on behalf of itself, its sister companies and other strategic alliances to bid for mission-critical government contracts on a preferential basis. LSI has offices in Boca Raton, Florida, Bend, Oregon, Huntsville, Alabama and Montreal, Quebec, Canada. The products and solutions can be viewed on www.lsiworldwide.com.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE Latitude Solutions, Inc.
RELATED LINKShttp://www.lsiworldwide.com_____________________________________
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Combatting Climate Change by Investing in Cleantech: Government of Canada Announces Cleantech Companies to Receive $58 Million
Combatting Climate Change by Investing in Cleantech: Government of Canada Announces Cleantech Companies to Receive $58 Million
WATERDOWN, ONTARIO - Sixteen clean technology projects from across Canada will receive $58 million in funding to help move innovative technology solutions to the market. The announcement, confirming the decision of the Board of Directors of Sustainable Development Technology Canada (SDTC), was made today by the Honourable Lisa Raitt, Minister of Natural Resources, and Vicky Sharpe, SDTC's President and CEO.
"Our Government continues to help bring innovative renewable energy technologies from idea to marketplace," said Minister Raitt. "Investing in these projects will stimulate the growth of a domestic clean energy industry, create high-quality jobs for Canadians and help protect our environment."
"Through SDTC, the Government of Canada is helping cleantech companies convert their new technologies into market-ready products," said SDTC Chairman Juergen Puetter. "When these companies bring their technologies to businesses and consumers, they create jobs, provide Canada a technological edge and contribute to an overall reduction in Canada's greenhouse gas emissions".
These innovative clean technologies involve many of Canada's main economic sectors, including energy utilization, transportation and waste management. Some highlights of this round include:
- Technologies that will help reduce the environmental impacts of the transportation sector by using renewable energy such as electricity and hydrogen to power vehicles.
- Biomass-related technologies that will add value to Canada's forestry and agricultural industries, furthering the development of a bio-based economy.
These new investments bring SDTC's total portfolio value to over $1.5B. SDTC's SD Tech FundTM has completed fifteen funding rounds, committing $464 million to 183 clean technology projects, and leveraging over $1B from project consortia members. These figures include adjustments made to the portfolio.
SDTC's investments to date are creating Canadian green jobs, have leveraged additional private sector investment of nearly $900 million and are expected to deliver an overall reduction of greenhouse gas emissions of between 5 and 12 Megatonnes - the equivalent of taking up to 1.5 million homes off the grid.
"The projects included in this funding round show Canada's great potential and confidence in the cleantech sector," said Vicky Sharpe, SDTC President and CEO. "Companies and countries around the world are looking to buy clean technologies. It's through such promising innovations that Canada can seize the cleantech opportunity and become a technology seller to the world."
The newly funded projects are representative of the investment priorities established in the SD Business CasesTM, a series of six reports published by SDTC and which provide strategic insights into specific economic sectors (available in the Knowledge Centre section of the SDTC website at http://www.sdtc.ca/). The latest report on industrial freight transportation was released on December 2, 2009. Other sectors previously studied include clean conventional fuels, renewable electricity and commercial buildings.
SDTC will be launching its next call for Statements of Interest (SOI) for the SD Tech Fund on February 24, 2010. Applicants with projects that bring technological solutions which fall under the investment priorities established in the SD Business CasesTM and that address climate change, clean air, clean water and clean soil issues are encouraged to apply. Solutions that address more than one of these issues are of greatest interest.
About SDTC
SDTC is an arm's-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government's commitment to create a healthy environment and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech FundTM supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels FundTM supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.
Detailed information on the 16 projects, including their descriptions, can be found at http://www.sdtc.ca/ .
Round 15 funded projects:1. Lead organization: Agrisoma Biosciences Inc., Vancouver, British-ColumbiaEconomic Sector: Agriculture2. Lead organization: Automotive Fuel Cell Cooperation Corp. (AFCC), Burnaby, British-ColumbiaEconomic Sector: Transportation3. Lead organization: Ballard Power Systems, Burnaby, British ColumbiaEconomic Sector: Transportation4. Lead organization: Entropex, Sarnia, OntarioEconomic Sector: Waste Management5. Lead organization: Exro Technologies Inc., Vancouver, British-ColumbiaEconomic Sector: Power Generation6. Lead organization: Ferme Olivier Lepine inc., St-Alexis, QuebecEconomic Sector: Agriculture7. Lead organization: HTEC Hydrogen Technology & Energy Corp., Delta, British-ColumbiaEconomic Sector: Transportation8. Lead organization: MacDonald Dettwiler and Associates Inc., Brampton, OntarioEconomic Sector: Transportation9. Lead organization: Morgan Solar Inc., Toronto, OntarioEconomic Sector: Power Generation10. Lead organization: Nutra Canada, Champlain, QuebecEconomic Sector: Waste Management11. Lead organization: Pulse Energy, Vancouver, British-ColumbiaEconomic Sector: Energy Utilization12. Lead organization: RSW Inc., Montreal, QuebecEconomic Sector: Power Generation13. Lead organization: SBI BioEnergy Inc., Edmonton, AlbertaEconomic Sector: Energy Utilization14. Lead organization: SunOpta BioProcess Inc., Brampton, OntarioEconomic Sector: Energy Exploration and Production15. Lead organization: Tekle Technical Services Inc., Edmonton, AlbertaEconomic Sector: Forestry, Wood Products and Pulp & Paper Products16. Lead organization: Terragon Environmental Technologies Inc., Montreal,QuebecEconomic Sector: Waste Management
______________________________________
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
WATERDOWN, ONTARIO - Sixteen clean technology projects from across Canada will receive $58 million in funding to help move innovative technology solutions to the market. The announcement, confirming the decision of the Board of Directors of Sustainable Development Technology Canada (SDTC), was made today by the Honourable Lisa Raitt, Minister of Natural Resources, and Vicky Sharpe, SDTC's President and CEO.
"Our Government continues to help bring innovative renewable energy technologies from idea to marketplace," said Minister Raitt. "Investing in these projects will stimulate the growth of a domestic clean energy industry, create high-quality jobs for Canadians and help protect our environment."
"Through SDTC, the Government of Canada is helping cleantech companies convert their new technologies into market-ready products," said SDTC Chairman Juergen Puetter. "When these companies bring their technologies to businesses and consumers, they create jobs, provide Canada a technological edge and contribute to an overall reduction in Canada's greenhouse gas emissions".
These innovative clean technologies involve many of Canada's main economic sectors, including energy utilization, transportation and waste management. Some highlights of this round include:
- Technologies that will help reduce the environmental impacts of the transportation sector by using renewable energy such as electricity and hydrogen to power vehicles.
- Biomass-related technologies that will add value to Canada's forestry and agricultural industries, furthering the development of a bio-based economy.
These new investments bring SDTC's total portfolio value to over $1.5B. SDTC's SD Tech FundTM has completed fifteen funding rounds, committing $464 million to 183 clean technology projects, and leveraging over $1B from project consortia members. These figures include adjustments made to the portfolio.
SDTC's investments to date are creating Canadian green jobs, have leveraged additional private sector investment of nearly $900 million and are expected to deliver an overall reduction of greenhouse gas emissions of between 5 and 12 Megatonnes - the equivalent of taking up to 1.5 million homes off the grid.
"The projects included in this funding round show Canada's great potential and confidence in the cleantech sector," said Vicky Sharpe, SDTC President and CEO. "Companies and countries around the world are looking to buy clean technologies. It's through such promising innovations that Canada can seize the cleantech opportunity and become a technology seller to the world."
The newly funded projects are representative of the investment priorities established in the SD Business CasesTM, a series of six reports published by SDTC and which provide strategic insights into specific economic sectors (available in the Knowledge Centre section of the SDTC website at http://www.sdtc.ca/). The latest report on industrial freight transportation was released on December 2, 2009. Other sectors previously studied include clean conventional fuels, renewable electricity and commercial buildings.
SDTC will be launching its next call for Statements of Interest (SOI) for the SD Tech Fund on February 24, 2010. Applicants with projects that bring technological solutions which fall under the investment priorities established in the SD Business CasesTM and that address climate change, clean air, clean water and clean soil issues are encouraged to apply. Solutions that address more than one of these issues are of greatest interest.
About SDTC
SDTC is an arm's-length foundation created by the Government of Canada which has received $1.05 billion as part of the Government's commitment to create a healthy environment and a high quality of life for all Canadians.
SDTC operates two funds aimed at the development and demonstration of innovative technological solutions. The $550 million SD Tech FundTM supports projects that address climate change, air quality, clean water, and clean soil. The $500 million NextGen Biofuels FundTM supports the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels.
SDTC operates as a not-for-profit corporation and has been working with the public and private sector including industry, academia, non-governmental organizations (NGOs), the financial community and all levels of government to achieve this mandate.
Detailed information on the 16 projects, including their descriptions, can be found at http://www.sdtc.ca/ .
Round 15 funded projects:1. Lead organization: Agrisoma Biosciences Inc., Vancouver, British-ColumbiaEconomic Sector: Agriculture2. Lead organization: Automotive Fuel Cell Cooperation Corp. (AFCC), Burnaby, British-ColumbiaEconomic Sector: Transportation3. Lead organization: Ballard Power Systems, Burnaby, British ColumbiaEconomic Sector: Transportation4. Lead organization: Entropex, Sarnia, OntarioEconomic Sector: Waste Management5. Lead organization: Exro Technologies Inc., Vancouver, British-ColumbiaEconomic Sector: Power Generation6. Lead organization: Ferme Olivier Lepine inc., St-Alexis, QuebecEconomic Sector: Agriculture7. Lead organization: HTEC Hydrogen Technology & Energy Corp., Delta, British-ColumbiaEconomic Sector: Transportation8. Lead organization: MacDonald Dettwiler and Associates Inc., Brampton, OntarioEconomic Sector: Transportation9. Lead organization: Morgan Solar Inc., Toronto, OntarioEconomic Sector: Power Generation10. Lead organization: Nutra Canada, Champlain, QuebecEconomic Sector: Waste Management11. Lead organization: Pulse Energy, Vancouver, British-ColumbiaEconomic Sector: Energy Utilization12. Lead organization: RSW Inc., Montreal, QuebecEconomic Sector: Power Generation13. Lead organization: SBI BioEnergy Inc., Edmonton, AlbertaEconomic Sector: Energy Utilization14. Lead organization: SunOpta BioProcess Inc., Brampton, OntarioEconomic Sector: Energy Exploration and Production15. Lead organization: Tekle Technical Services Inc., Edmonton, AlbertaEconomic Sector: Forestry, Wood Products and Pulp & Paper Products16. Lead organization: Terragon Environmental Technologies Inc., Montreal,QuebecEconomic Sector: Waste Management
______________________________________
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, January 16, 2010
How to Get Your Green Business Funded in 2010 –Cleantech Funding Directory with over 540 Funding Sources
How to Get Your Green Business Funded in 2010 –Cleantech Funding Directory with over 540 Funding Sources
POINT ROBERTS, Wash., Delta B.C., January 16, 2010 - www.InvestorIdeas.com, a leading online global investor resource, with a primary focus on cleantech investing, has updated the recently available Global Green Fund and Venture Capital Directory for green businesses and entrepreneurs seeking potential funding sources. The directory lists over 540 global funding sources in the cleantech sector.
The global directory is currently available for purchase in a PDF format for $99 and is updated monthly.
Visitors can review the format and preview the directory at the Renewable Energy Funds and Venture Capital Investing page at Investor Ideas.
http://www.investorideas.com/Companies/RenewableEnergy/Funds-and-Venture-Capital-Investing.asp
Preview:
Global Green Fund and Venture Capital Directory Sample/preview:
- Switzerland:
Aravis SA Aravis is a venture capital organization investing in highly promising life sciences and renewable energy companies. Since 1995, Aravis has invested over $600 million in more than 80 companies. Key Contact: Dr. Oliver Thalmann Tel: 41-43 4992000
Azemos Partners Azemos Partners AG is a small, independent corporate finance company focused on Switzerland's medium-sized companies. Currently manage Hornet Renewable Energy Fund 1 & 2. Key Contact: Gerard Reid Tel: 41-44 5009300
Cleantech Invest AG Cleantech Invest AG is the first investment address for companies in the Cleantech sector including renewable energy (Solar, Wind, Biogas, etc), energy efficiency, water, recycling, and environmental and climate protection. As a leading Cleantech investment corporation with an exclusive focus on the German-speaking region, we finance high-growth companies as well as those in Special Situations. Key Contact: Alexander von Hutten Tel: 41-44 783 80 41
Emerald Technology Ventures AG Launched in 2000, Emerald Technology Ventures AG, formerly SAM Private Equity manages four funds with a combined committed capital of approximately €285 million as well as two mandates all focusing on venture capital in the Cleantech sectors: energy, materials, water, and agricultural technologies. Key Contact: Gina Domanig Tel: 41-44 2696100
Subscribe to the Marketplace Business, Venture, Capital and Funding News RSS Feed
http://www.investorideas.com/RSS/feeds/MP.xml
Visit the Public Marketplace:
Accredited Investors and Companies seeking funding can register and request info online. Approved accredited investors can view the secure marketplace pages featuring executive summaries of each company. Approved companies can be added to the growing list of companies.
Register and sign up to view the private access link or to have your company added:
The Marketplace is a meeting place created for connecting global companies in leading sectors, seeking strategic partnerships, funding, management, mergers and acquisitions, licensing or branding. The Global Green Marketplace has a growing network of green and renewable energy companies seeking funding /partners, management and a growing global network providing venture capital and equity funding with an intention to go public.
Become Investorideas.com Member- Research water, renewable energy and environment publicly traded companies in global markets.
Become an InvestorIdeas.com member
Green and alternative 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 9 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.
About InvestorIdeas.com:
Investorideas.com Mission Statement
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy sector.
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.
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Or Cali Van Zant, cvanzant@investorideas.com
Source – Investorideas.com
POINT ROBERTS, Wash., Delta B.C., January 16, 2010 - www.InvestorIdeas.com, a leading online global investor resource, with a primary focus on cleantech investing, has updated the recently available Global Green Fund and Venture Capital Directory for green businesses and entrepreneurs seeking potential funding sources. The directory lists over 540 global funding sources in the cleantech sector.
The global directory is currently available for purchase in a PDF format for $99 and is updated monthly.
Visitors can review the format and preview the directory at the Renewable Energy Funds and Venture Capital Investing page at Investor Ideas.
http://www.investorideas.com/Companies/RenewableEnergy/Funds-and-Venture-Capital-Investing.asp
Preview:
Global Green Fund and Venture Capital Directory Sample/preview:
- Switzerland:
Aravis SA Aravis is a venture capital organization investing in highly promising life sciences and renewable energy companies. Since 1995, Aravis has invested over $600 million in more than 80 companies. Key Contact: Dr. Oliver Thalmann Tel: 41-43 4992000
Azemos Partners Azemos Partners AG is a small, independent corporate finance company focused on Switzerland's medium-sized companies. Currently manage Hornet Renewable Energy Fund 1 & 2. Key Contact: Gerard Reid Tel: 41-44 5009300
Cleantech Invest AG Cleantech Invest AG is the first investment address for companies in the Cleantech sector including renewable energy (Solar, Wind, Biogas, etc), energy efficiency, water, recycling, and environmental and climate protection. As a leading Cleantech investment corporation with an exclusive focus on the German-speaking region, we finance high-growth companies as well as those in Special Situations. Key Contact: Alexander von Hutten Tel: 41-44 783 80 41
Emerald Technology Ventures AG Launched in 2000, Emerald Technology Ventures AG, formerly SAM Private Equity manages four funds with a combined committed capital of approximately €285 million as well as two mandates all focusing on venture capital in the Cleantech sectors: energy, materials, water, and agricultural technologies. Key Contact: Gina Domanig Tel: 41-44 2696100
Subscribe to the Marketplace Business, Venture, Capital and Funding News RSS Feed
http://www.investorideas.com/RSS/feeds/MP.xml
Visit the Public Marketplace:
Accredited Investors and Companies seeking funding can register and request info online. Approved accredited investors can view the secure marketplace pages featuring executive summaries of each company. Approved companies can be added to the growing list of companies.
Register and sign up to view the private access link or to have your company added:
The Marketplace is a meeting place created for connecting global companies in leading sectors, seeking strategic partnerships, funding, management, mergers and acquisitions, licensing or branding. The Global Green Marketplace has a growing network of green and renewable energy companies seeking funding /partners, management and a growing global network providing venture capital and equity funding with an intention to go public.
Become Investorideas.com Member- Research water, renewable energy and environment publicly traded companies in global markets.
Become an InvestorIdeas.com member
Green and alternative 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 9 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.
About InvestorIdeas.com:
Investorideas.com Mission Statement
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy sector.
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.
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Or Cali Van Zant, cvanzant@investorideas.com
Source – Investorideas.com
Thursday, January 14, 2010
What's New for 2010 at www.Water-Stocks.com, Cleantech Water Investing Portal
New for 2010 at www.Water-Stocks.com, Cleantech Water Investing Portal
POINT ROBERTS, WA and DELTA, BC –January 14, 2010 www.Water-Stocks.com, reports on new developments for 2010 for investors following the water sector. Investors can track trends in water with new columns, Hydrocommerce Corner - Where Water & Money Meet with Bill Brennan and coming Soon - BlueTech Tracker with Paul O’Callaghan.
Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space. The new water news feed Water Stocks News at Investorideas.com and the global water stocks directory are two of the top tools available in addition to industry commentary and interviews.
Investorideas.com and water-stocks.com have created a directory of global publicly traded water stocks that investors can purchase in PDF format. The directories are also now sold and published through global research firms including Research and Markets, Reportlinker.com and Reportbuyer.com as well as several cleantech websites. A growing list of partners is available at http://www.investorideas.com/resources/,
Investors following the water sector can subscribe to the news feed at http://www.investorideas.com/RSS/feeds/Water-Stocks.xml. Water companies can submit news and press releases online to be included in the new syndicated water stocks feed at http://www.investorideas.com/News-Upload/
The Investorideas.com Water Stocks Index - Published at www.investinwhoyouare.com
Index based on 9 water stocks from the global water stocks directory at www.Investorideas.com and www.water-stocks.com.
www.Water-Stocks.com, an investor portal within the InvestorIdeas.com content umbrella, offers water investors sector- close- ups, research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets. Investorideas.com and water –stocks.com work with private companies in the water space seeking funding and joint ventures through the global marketplace.
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 Investars
www.investinwhoyouare.com is owned by Investars
Investars is dedicated to helping investors enhance investment performance through innovative supply chain management tools, indexing and structured products, as well as unique media content. Our clients benefit from customized analytics designed to help them identify alpha generating investment ideas according to their own investment style and risk tolerance levels.
About us
Visit the Investorideas.com Marketplace for water opportunities for business and investors
InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
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 showcase companies including Wescorp Energy (WSCE), news submissions and online advertising. Read our Compensation Disclosure and disclaimers.
For More Information Contact:
Water-stocks.com
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com
Source: Water-Stocks.com, 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.
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
POINT ROBERTS, WA and DELTA, BC –January 14, 2010 www.Water-Stocks.com, reports on new developments for 2010 for investors following the water sector. Investors can track trends in water with new columns, Hydrocommerce Corner - Where Water & Money Meet with Bill Brennan and coming Soon - BlueTech Tracker with Paul O’Callaghan.
Investorideas.com and www.Water-Stocks.com are positioning to be a leading destination for cleantech investors researching the water space. The new water news feed Water Stocks News at Investorideas.com and the global water stocks directory are two of the top tools available in addition to industry commentary and interviews.
Investorideas.com and water-stocks.com have created a directory of global publicly traded water stocks that investors can purchase in PDF format. The directories are also now sold and published through global research firms including Research and Markets, Reportlinker.com and Reportbuyer.com as well as several cleantech websites. A growing list of partners is available at http://www.investorideas.com/resources/,
Investors following the water sector can subscribe to the news feed at http://www.investorideas.com/RSS/feeds/Water-Stocks.xml. Water companies can submit news and press releases online to be included in the new syndicated water stocks feed at http://www.investorideas.com/News-Upload/
The Investorideas.com Water Stocks Index - Published at www.investinwhoyouare.com
Index based on 9 water stocks from the global water stocks directory at www.Investorideas.com and www.water-stocks.com.
www.Water-Stocks.com, an investor portal within the InvestorIdeas.com content umbrella, offers water investors sector- close- ups, research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets. Investorideas.com and water –stocks.com work with private companies in the water space seeking funding and joint ventures through the global marketplace.
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 Investars
www.investinwhoyouare.com is owned by Investars
Investars is dedicated to helping investors enhance investment performance through innovative supply chain management tools, indexing and structured products, as well as unique media content. Our clients benefit from customized analytics designed to help them identify alpha generating investment ideas according to their own investment style and risk tolerance levels.
About us
Visit the Investorideas.com Marketplace for water opportunities for business and investors
InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
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 showcase companies including Wescorp Energy (WSCE), news submissions and online advertising. Read our Compensation Disclosure and disclaimers.
For More Information Contact:
Water-stocks.com
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com
Source: Water-Stocks.com, 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.
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, January 12, 2010
California Governor LAUNCHes COBALT TECHNOLOGIES low carbon fuel PLANT
California Governor LAUNCHes COBALT TECHNOLOGIES low carbon fuel PLANT
Cobalt’s Commercial Process for Producing Clean Biofuel and Chemicals Praised for Job Creation, Innovation
Mountain View, CA – January 12, 2010 – Cobalt Technologies, the leader in commercializing biobutanol as a renewable fuel and chemical, today formally launched its first facility. California Governor Arnold Schwarzenegger and Silicon Valley cleantech leaders were on hand, demonstrating the importance of clean technology to the state’s future economic vitality.
“It is great companies like Cobalt that will help California meet our greenhouse gas reduction targets under AB 32 and our Low Carbon Fuel Standard,” said Governor Schwarzenegger. “Cobalt shows us that what is good for the environment can also be good for the economy. In fact, within the next few years, Cobalt has plans to build an even larger plant that will create 1,300 permanent jobs. I want that plant and those jobs right here in California. That’s why, in my State of the State address, I announced a Jobs Initiative that we estimate could create 100,000 jobs with one piece of this proposal exempting the purchase of green-tech manufacturing equipment from the sales tax. This proposal will help California attract and retain green businesses and create the jobs of the future. I want every CEO, entrepreneur and innovator to know that if you’re investing in a cleaner future, California will invest in you.”
Cobalt biobutanol is an ideal fuel for California and the world. Cobalt uses non-food feedstock, such as forest waste and mill residues, and its technology reduces greenhouse gas emissions by 85 percent compared to gasoline. A 12 percent blend of Cobalt biobutanol with gasoline, already permissible under US EPA guidelines, complies with the requirements of California’s Low Carbon Fuel Standard.
Cobalt’s form of biobutanol (n-butanol) is very versatile. It can be used as a standalone fuel; blended with gasoline, diesel and ethanol; converted into jet fuel or plastics, or sold as is for use in paints and coatings. Butanol packs more energy than ethanol and is less polluting. In addition, it is a drop-in fuel, and is fully compatible with today’s automobile engines and pipeline infrastructure.
“Cobalt is leading the race to bring economic next generation biofuels to market,” said Rick Wilson, Ph.D., Chief Executive Officer of Cobalt Biofuels. “Based on the technology breakthroughs we have achieved, and the successful operation of our plant, we are on track to build a commercial facility within two years, and we are currently building a network of strategic partners in the fuels, chemicals, forest products, and construction industry to deploy our technology at the next scale. The Governor’s leadership in clean technology policy, like the proposed sales tax exemption for green manufacturing equipment will help accelerate commercialization and make California an attractive place to site a plant.”
One commercial-scale Cobalt plant employs 1,300 permanent green collar jobs at the plant and surrounding area, and adds more than $250 million annually to the state’s GDP, according to a market study commissioned by Cobalt.
Cobalt is backed by leading investors in the cleantech sector, including Pinnacle Ventures, Vantage Point Venture Partners, Burrill and Company, Malaysian Life Sciences Capital Fund, Life Science Partners (LSP), @Ventures, and Harris & Harris.
# # #
About Cobalt Technologies
Cobalt Technologies replaces petroleum and petrochemicals with a highly versatile, profitable and renewable alternative – biobutanol. The company’s technology and engineering platform offers a continuous process to efficiently convert diverse non-food feedstocks – beginning with waste wood – into biobutanol, an ideal building block for a wide range of bio-based products, including fuels, chemicals and plastics. With the best production rates and margins in the market for cellulosic butanol, Cobalt provides a commercial solution with greater capital efficiency and improved production facility economics. Cobalt is based in Mountain View, CA.
For further information, please visit www.cobaltbiofuels.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.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Cobalt’s Commercial Process for Producing Clean Biofuel and Chemicals Praised for Job Creation, Innovation
Mountain View, CA – January 12, 2010 – Cobalt Technologies, the leader in commercializing biobutanol as a renewable fuel and chemical, today formally launched its first facility. California Governor Arnold Schwarzenegger and Silicon Valley cleantech leaders were on hand, demonstrating the importance of clean technology to the state’s future economic vitality.
“It is great companies like Cobalt that will help California meet our greenhouse gas reduction targets under AB 32 and our Low Carbon Fuel Standard,” said Governor Schwarzenegger. “Cobalt shows us that what is good for the environment can also be good for the economy. In fact, within the next few years, Cobalt has plans to build an even larger plant that will create 1,300 permanent jobs. I want that plant and those jobs right here in California. That’s why, in my State of the State address, I announced a Jobs Initiative that we estimate could create 100,000 jobs with one piece of this proposal exempting the purchase of green-tech manufacturing equipment from the sales tax. This proposal will help California attract and retain green businesses and create the jobs of the future. I want every CEO, entrepreneur and innovator to know that if you’re investing in a cleaner future, California will invest in you.”
Cobalt biobutanol is an ideal fuel for California and the world. Cobalt uses non-food feedstock, such as forest waste and mill residues, and its technology reduces greenhouse gas emissions by 85 percent compared to gasoline. A 12 percent blend of Cobalt biobutanol with gasoline, already permissible under US EPA guidelines, complies with the requirements of California’s Low Carbon Fuel Standard.
Cobalt’s form of biobutanol (n-butanol) is very versatile. It can be used as a standalone fuel; blended with gasoline, diesel and ethanol; converted into jet fuel or plastics, or sold as is for use in paints and coatings. Butanol packs more energy than ethanol and is less polluting. In addition, it is a drop-in fuel, and is fully compatible with today’s automobile engines and pipeline infrastructure.
“Cobalt is leading the race to bring economic next generation biofuels to market,” said Rick Wilson, Ph.D., Chief Executive Officer of Cobalt Biofuels. “Based on the technology breakthroughs we have achieved, and the successful operation of our plant, we are on track to build a commercial facility within two years, and we are currently building a network of strategic partners in the fuels, chemicals, forest products, and construction industry to deploy our technology at the next scale. The Governor’s leadership in clean technology policy, like the proposed sales tax exemption for green manufacturing equipment will help accelerate commercialization and make California an attractive place to site a plant.”
One commercial-scale Cobalt plant employs 1,300 permanent green collar jobs at the plant and surrounding area, and adds more than $250 million annually to the state’s GDP, according to a market study commissioned by Cobalt.
Cobalt is backed by leading investors in the cleantech sector, including Pinnacle Ventures, Vantage Point Venture Partners, Burrill and Company, Malaysian Life Sciences Capital Fund, Life Science Partners (LSP), @Ventures, and Harris & Harris.
# # #
About Cobalt Technologies
Cobalt Technologies replaces petroleum and petrochemicals with a highly versatile, profitable and renewable alternative – biobutanol. The company’s technology and engineering platform offers a continuous process to efficiently convert diverse non-food feedstocks – beginning with waste wood – into biobutanol, an ideal building block for a wide range of bio-based products, including fuels, chemicals and plastics. With the best production rates and margins in the market for cellulosic butanol, Cobalt provides a commercial solution with greater capital efficiency and improved production facility economics. Cobalt is based in Mountain View, CA.
For further information, please visit www.cobaltbiofuels.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.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
We Don't Know How Steep the Natural Gas Production Decline Curve will be for Non-Traditional production;
We Don't Know How Steep the Natural Gas Production Decline Curve will be for Non-Traditional production;
Leading to Higher Volatility and Prices for Natural Gas Going Forward
January 13, 2010
Recently, senior energy industry executive Karl W. Miller raised the point that current natural gas storage models being utilized in the U.S. were outdated and underestimate true natural gas usage and over-estimated deliverability of gas from storage when needed.
Mr. Miller pointed out that traditional storage models are grossly underestimating the true injections, withdrawals and deliverability of natural gas in the U.S. leading to substantial standard deviations in analyst estimates and reported withdrawals by the U.S. Government, through the EIA. The net result is that in Mr. Miller's opinion natural gas withdrawals have been understated and the in climate weather forecast for the first quarter of 2010, peak winter and summer demand, and broader U.S. industrial demand will drive oil and natural gas prices up substantially higher in 2010.The natural gas production decline curve for shale and tight sands natural gas production is the wild card.
The decline trend in natural gas well production is dictated by natural geologic formations, rock and fluid properties among other factors. Thus, a major advantage of decline trend analysis is inclusion of all production and operating conditions that would influence the performance of natural gas wells. .
For illustrative purposes, the standard declines (observed in field cases and whose mathematical forms are derived empirically) are:
·        Exponential decline
·        Harmonic decline
·        Hyperbolic decline
As an example a study was done on a few specific wells for production histories of fractured low permeability gas wells in the Piceance Basin in Northern Colorado, which are characterized by a sharp initial decline followed by a long transition into exponential decline.
These two decline periods correspond to linear and pseudo steady-state flow, respectively. Predicting rates and reserves based on test data or short production Predicting decline rates and reserves based on test data or short production histories is difficult using conventional decline curve analysis, thus making shale gas and tight sands production curves difficult to forecast.
The usual approach to predicting reserves by decline curve analysis, in this type of well, is to arbitrarily assign a high exponential decline rate for the first two or three years, followed by a lower decline. Another approach is to find a hyperbolic decline curve to fit the early tine data and extrapolate to estimate future rates. Both of these approaches can result in large errors in calculated reserves. “Simply put, we don’t know how steep the production decline curve will be for non-traditional natural gas production will be. There is no quantitative evidence that analyst can use today to support excess supply of natural gas in the future, further pressuring prices to the upside.
Mr. Millers Office
_________________________________________
From the Investorideas.com newswire
News & Stories Published at Clean Energy Stocks Blog.
Green Investors:
Research Natural Gas, Renewable Energy and water stocks as an Investor Ideas member and gain access to global green stock directories.
Leading to Higher Volatility and Prices for Natural Gas Going Forward
January 13, 2010
Recently, senior energy industry executive Karl W. Miller raised the point that current natural gas storage models being utilized in the U.S. were outdated and underestimate true natural gas usage and over-estimated deliverability of gas from storage when needed.
Mr. Miller pointed out that traditional storage models are grossly underestimating the true injections, withdrawals and deliverability of natural gas in the U.S. leading to substantial standard deviations in analyst estimates and reported withdrawals by the U.S. Government, through the EIA. The net result is that in Mr. Miller's opinion natural gas withdrawals have been understated and the in climate weather forecast for the first quarter of 2010, peak winter and summer demand, and broader U.S. industrial demand will drive oil and natural gas prices up substantially higher in 2010.The natural gas production decline curve for shale and tight sands natural gas production is the wild card.
The decline trend in natural gas well production is dictated by natural geologic formations, rock and fluid properties among other factors. Thus, a major advantage of decline trend analysis is inclusion of all production and operating conditions that would influence the performance of natural gas wells. .
For illustrative purposes, the standard declines (observed in field cases and whose mathematical forms are derived empirically) are:
·        Exponential decline
·        Harmonic decline
·        Hyperbolic decline
As an example a study was done on a few specific wells for production histories of fractured low permeability gas wells in the Piceance Basin in Northern Colorado, which are characterized by a sharp initial decline followed by a long transition into exponential decline.
These two decline periods correspond to linear and pseudo steady-state flow, respectively. Predicting rates and reserves based on test data or short production Predicting decline rates and reserves based on test data or short production histories is difficult using conventional decline curve analysis, thus making shale gas and tight sands production curves difficult to forecast.
The usual approach to predicting reserves by decline curve analysis, in this type of well, is to arbitrarily assign a high exponential decline rate for the first two or three years, followed by a lower decline. Another approach is to find a hyperbolic decline curve to fit the early tine data and extrapolate to estimate future rates. Both of these approaches can result in large errors in calculated reserves. “Simply put, we don’t know how steep the production decline curve will be for non-traditional natural gas production will be. There is no quantitative evidence that analyst can use today to support excess supply of natural gas in the future, further pressuring prices to the upside.
Mr. Millers Office
_________________________________________
From the Investorideas.com newswire
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Green Investor News - China Selects GE (NYSE: GE) Technology Again to Support Rapid Growth in Wind Energy Sector
Green Investor News - China Selects GE (NYSE: GE) Technology Again to Support Rapid Growth in Wind Energy Sector
Three Projects with HECIC New Energy will Add 132 MW to China’s Renewable Energy Capacity
SCHENECTADY, N.Y.----GE (NYSE: GE) announced today that it has signed contracts to supply 88 wind turbines to HECIC New Energy Co., Ltd, one of China’s leading wind energy developers, for three new projects in Hebei and Shanxi Provinces. The projects will support the rapid growth of wind energy investments in China, which today is the world’s fourth largest producer of wind power.
“As a corporate citizen of China, our strategy is to apply the most advanced and reliable technology and technological expertise for every project that will help China reach its goal of achieving clean energy.”.China’s plan to add 150 gigawatts of installed wind power capacity by 2020 would require it to install approximately 11.5 gigawatts of installed wind power capacity per year from 2009-2020.
The new wind farms will add 132 megawatts of installed wind power capacity for China, which currently ranks fourth, behind only the United States, Germany and Spain in wind power production. According to the Global Wind Energy Council, China continued its rapid growth in wind energy in 2008 by doubling its installed capacity to 12.2 gigawatts.
To date GE has committed to supply 895 units of 1.5-MW wind turbines to China, in support of the country’s aggressive renewable energy program. China is aiming to increase power generation from renewable sources to 15 percent of the nation’s total by 2020. To achieve this, China will need to strengthen development on solar, wind and biomass energy.
“The development of wind power is a key economic growth area for China and plays a critical role in achieving our national target to increase to 150 gigawatts of installed wind energy capacity by 2020,” said Dr. Cao Xin, General Manager of HECIC New Energy Co., Ltd. “As a corporate citizen of China, our strategy is to apply the most advanced and reliable technology and technological expertise for every project that will help China reach its goal of achieving clean energy.”
“China is rapidly emerging as one of the world’s largest markets for wind power technology,” said Victor Abate, Vice President-Renewables for GE Power & Water. “We are committed to helping our Chinese customers develop the country’s vast potential for clean, wind-generated power, which will enable China to meet both its growing energy and environmental responsibilities.”
GE’s 1.5-megawatt wind turbine is the most reliable and widely deployed wind turbine in the global wind industry today. More than 12,000 of these machines have been installed for projects worldwide. In 2008, HECIC New Energy Co., Ltd purchased 66 of the machines for projects for which commissioning has been completed. The wind turbines for the HECIC New Energy projects will be equipped with Low Voltage Ride-Through and Wind Farm Management Systems, which are advanced and grid- friendly connection technologies, enhancing reliability and stability of the wind turbine.
GE’s support of China’s wind industry is just one part of the company’s total commitment to the country. GE started doing business in China as early as 1906 and currently runs 36 wholly owned or joint venture companies in China ranging from manufacturing, service, research and development, financial services and sourcing, with a total workforce of over 13,000.
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.
About HECIC New Energy
HECIC New Energy Co., Ltd. (HECIC NEW ENERGY) was established in 2006 as a wholly owned subsidiary of Hebei Construction & Investment Group Co., Ltd (HECIC).
HECIC NEW ENERGY is a professional company engaged in new energy undertakings. By adopting advanced technology and equipments as well as scientific management methods, it develops and utilizes wind, solar and nuclear energy, supplies clean electric power, adjusts industrial structure to maintain the healthy and sustainable development of the national economy and create social and economic benefits.
________________________________
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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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Three Projects with HECIC New Energy will Add 132 MW to China’s Renewable Energy Capacity
SCHENECTADY, N.Y.----GE (NYSE: GE) announced today that it has signed contracts to supply 88 wind turbines to HECIC New Energy Co., Ltd, one of China’s leading wind energy developers, for three new projects in Hebei and Shanxi Provinces. The projects will support the rapid growth of wind energy investments in China, which today is the world’s fourth largest producer of wind power.
“As a corporate citizen of China, our strategy is to apply the most advanced and reliable technology and technological expertise for every project that will help China reach its goal of achieving clean energy.”.China’s plan to add 150 gigawatts of installed wind power capacity by 2020 would require it to install approximately 11.5 gigawatts of installed wind power capacity per year from 2009-2020.
The new wind farms will add 132 megawatts of installed wind power capacity for China, which currently ranks fourth, behind only the United States, Germany and Spain in wind power production. According to the Global Wind Energy Council, China continued its rapid growth in wind energy in 2008 by doubling its installed capacity to 12.2 gigawatts.
To date GE has committed to supply 895 units of 1.5-MW wind turbines to China, in support of the country’s aggressive renewable energy program. China is aiming to increase power generation from renewable sources to 15 percent of the nation’s total by 2020. To achieve this, China will need to strengthen development on solar, wind and biomass energy.
“The development of wind power is a key economic growth area for China and plays a critical role in achieving our national target to increase to 150 gigawatts of installed wind energy capacity by 2020,” said Dr. Cao Xin, General Manager of HECIC New Energy Co., Ltd. “As a corporate citizen of China, our strategy is to apply the most advanced and reliable technology and technological expertise for every project that will help China reach its goal of achieving clean energy.”
“China is rapidly emerging as one of the world’s largest markets for wind power technology,” said Victor Abate, Vice President-Renewables for GE Power & Water. “We are committed to helping our Chinese customers develop the country’s vast potential for clean, wind-generated power, which will enable China to meet both its growing energy and environmental responsibilities.”
GE’s 1.5-megawatt wind turbine is the most reliable and widely deployed wind turbine in the global wind industry today. More than 12,000 of these machines have been installed for projects worldwide. In 2008, HECIC New Energy Co., Ltd purchased 66 of the machines for projects for which commissioning has been completed. The wind turbines for the HECIC New Energy projects will be equipped with Low Voltage Ride-Through and Wind Farm Management Systems, which are advanced and grid- friendly connection technologies, enhancing reliability and stability of the wind turbine.
GE’s support of China’s wind industry is just one part of the company’s total commitment to the country. GE started doing business in China as early as 1906 and currently runs 36 wholly owned or joint venture companies in China ranging from manufacturing, service, research and development, financial services and sourcing, with a total workforce of over 13,000.
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.
About HECIC New Energy
HECIC New Energy Co., Ltd. (HECIC NEW ENERGY) was established in 2006 as a wholly owned subsidiary of Hebei Construction & Investment Group Co., Ltd (HECIC).
HECIC NEW ENERGY is a professional company engaged in new energy undertakings. By adopting advanced technology and equipments as well as scientific management methods, it develops and utilizes wind, solar and nuclear energy, supplies clean electric power, adjusts industrial structure to maintain the healthy and sustainable development of the national economy and create social and economic benefits.
________________________________
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
Sunday, January 10, 2010
$2.3 Billion in New Clean Energy Manufacturing Tax Credits
$2.3 Billion in New $2.3 Billion in New Clean Energy Manufacturing Tax Credits
January 8, 2010
http://www.energy.gov/
President Obama announced awardees of the clean energy manufacturing tax credit in the American Recovery and Reinvestment Act.
In order to foster investment and job creation in clean energy manufacturing, the American Recovery and Reinvestment Act included a tax credit for investments in manufacturing facilities for clean energy technologies. The Section 48C program will provide a 30 percent tax credit for investments in 183 manufacturing facilities for clean energy products across 43 states.
This tax credit program will help build a robust high technology, US manufacturing capacity to supply clean energy projects with US made parts and equipment. These manufacturing facilities should also support significant growth in US exports of US manufactured clean energy products.
The $2.3 billion in tax credits is being allocated on a competitive basis. Projects are assessed based on the following criteria,: commercial viability, domestic job creation, technological innovation, speed to project completion, and potential for reducing air pollution and greenhouse gas emissions. The Department of Energy also considered additional factors including diversity of geography, technology and project size, and regional economic development.
The program is currently capped at $2.3 billion in tax credits and was oversubscribed by a ratio of more than 3 to 1, reflecting a deep pipeline of high quality clean energy manufacturing opportunities in the U.S. These tax credits for clean energy manufacturing will help rebuild domestic manufacturing and bring private capital off the sidelines.
With this announcement, IRS has certified applications (MS Excel), and notified the certified projects with the approved amount of their tax credit. Awardees will receive acceptance agreements from the IRS by April 16, 2010. Credits will be allocated until the program funding ($2.3 billion) is exhausted. Subsequent allocation periods will depend on remaining funds.
Estimated Jobs Impact and Timeline of the 48C Manufacturing Tax Credits:Recovery Act investments of up to $2.3 billion for advanced energy manufacturing facilities will generate more than 17,000 jobs. This investment will be matched by as much as $5.4 billion in private sector funding likely supporting up to 41,000 additional jobs.
Timing of Projects: The statute authorizing the 48C tax credits allows projects that are completed on or after February 17, 2009, when the Recovery Act was signed. Projects must be commissioned before February 17, 2013. The statute favors the selection of projects that are in service early. As a result, some of the selected projects already have been completed and begun operation.
Applicant Pool:The application deadline for the 48C program was October 16, 2009. Over 500 applications were received with tax credit requests totaling over $8 billion. The 48C applications pool was distributed across many clean energy technologies and was geographically distributed to more than 40 states.
Qualifying manufacturing facilities included the production of a wide range of clean energy products:
Solar, wind, geothermal, or other renewable energy equipment
Electric grids and storage for renewables
Fuel cells and microturbines
Energy storage systems for electric or hybrid vehicles
Carbon dioxide capture and sequestration equipment
Equipment for refining or blending renewable fuels
Equipment for energy conservation, including lighting and smart grid technologies
Plug-in electric vehicles or their components, such as electric motors, generators, and power control units
Other advanced energy property designed to reduce greenhouse gas emissions may also be eligible as determined by the Secretary of the Treasury.
The statutorily specified review criteria included:
Greatest domestic job creation (direct and indirect)
Greatest net impact in avoiding or reducing air pollutants or emissions of greenhouse gases; lowest levelized cost of energy
Greatest potential for technological innovation and commercial deployment
Shortest project time from certification to completion
Expanded Support for 48C Tax Credits to Accelerate Manufacturing Job Creation:Because the 48C program generated far more interest than anticipated, DOE and Treasury have a substantial backlog of technically acceptable applications. Instead of turning down worthy applicants who are willing to invest private resources to build and equip factories that manufacture clean energy products in America, the Administration has called on Congress to provide an additional $5 billion to expand the program. Because there is already an existing pipeline of worthy projects and substantial interest in this area, these funds will be deployed quickly to create jobs and support economic activity. In doing so, the Administration will employ new approaches to ensure that we maximize private investment for every dollar we invest.
Media contact(s):(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
January 8, 2010
http://www.energy.gov/
President Obama announced awardees of the clean energy manufacturing tax credit in the American Recovery and Reinvestment Act.
In order to foster investment and job creation in clean energy manufacturing, the American Recovery and Reinvestment Act included a tax credit for investments in manufacturing facilities for clean energy technologies. The Section 48C program will provide a 30 percent tax credit for investments in 183 manufacturing facilities for clean energy products across 43 states.
This tax credit program will help build a robust high technology, US manufacturing capacity to supply clean energy projects with US made parts and equipment. These manufacturing facilities should also support significant growth in US exports of US manufactured clean energy products.
The $2.3 billion in tax credits is being allocated on a competitive basis. Projects are assessed based on the following criteria,: commercial viability, domestic job creation, technological innovation, speed to project completion, and potential for reducing air pollution and greenhouse gas emissions. The Department of Energy also considered additional factors including diversity of geography, technology and project size, and regional economic development.
The program is currently capped at $2.3 billion in tax credits and was oversubscribed by a ratio of more than 3 to 1, reflecting a deep pipeline of high quality clean energy manufacturing opportunities in the U.S. These tax credits for clean energy manufacturing will help rebuild domestic manufacturing and bring private capital off the sidelines.
With this announcement, IRS has certified applications (MS Excel), and notified the certified projects with the approved amount of their tax credit. Awardees will receive acceptance agreements from the IRS by April 16, 2010. Credits will be allocated until the program funding ($2.3 billion) is exhausted. Subsequent allocation periods will depend on remaining funds.
Estimated Jobs Impact and Timeline of the 48C Manufacturing Tax Credits:Recovery Act investments of up to $2.3 billion for advanced energy manufacturing facilities will generate more than 17,000 jobs. This investment will be matched by as much as $5.4 billion in private sector funding likely supporting up to 41,000 additional jobs.
Timing of Projects: The statute authorizing the 48C tax credits allows projects that are completed on or after February 17, 2009, when the Recovery Act was signed. Projects must be commissioned before February 17, 2013. The statute favors the selection of projects that are in service early. As a result, some of the selected projects already have been completed and begun operation.
Applicant Pool:The application deadline for the 48C program was October 16, 2009. Over 500 applications were received with tax credit requests totaling over $8 billion. The 48C applications pool was distributed across many clean energy technologies and was geographically distributed to more than 40 states.
Qualifying manufacturing facilities included the production of a wide range of clean energy products:
Solar, wind, geothermal, or other renewable energy equipment
Electric grids and storage for renewables
Fuel cells and microturbines
Energy storage systems for electric or hybrid vehicles
Carbon dioxide capture and sequestration equipment
Equipment for refining or blending renewable fuels
Equipment for energy conservation, including lighting and smart grid technologies
Plug-in electric vehicles or their components, such as electric motors, generators, and power control units
Other advanced energy property designed to reduce greenhouse gas emissions may also be eligible as determined by the Secretary of the Treasury.
The statutorily specified review criteria included:
Greatest domestic job creation (direct and indirect)
Greatest net impact in avoiding or reducing air pollutants or emissions of greenhouse gases; lowest levelized cost of energy
Greatest potential for technological innovation and commercial deployment
Shortest project time from certification to completion
Expanded Support for 48C Tax Credits to Accelerate Manufacturing Job Creation:Because the 48C program generated far more interest than anticipated, DOE and Treasury have a substantial backlog of technically acceptable applications. Instead of turning down worthy applicants who are willing to invest private resources to build and equip factories that manufacture clean energy products in America, the Administration has called on Congress to provide an additional $5 billion to expand the program. Because there is already an existing pipeline of worthy projects and substantial interest in this area, these funds will be deployed quickly to create jobs and support economic activity. In doing so, the Administration will employ new approaches to ensure that we maximize private investment for every dollar we invest.
Media contact(s):(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
Saturday, January 09, 2010
GE Bringing State-of-the-Art Smart Grid Efficiency, Reliability and Productivity Technologies to China
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.
_________________________________________________
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
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.
_________________________________________________
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, 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.
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.
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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.
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
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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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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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.
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
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.
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
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
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