DOE Wrapping Up Renewable-Energy Project Loan Guarantee Program
The U.S. Department of Energy said Tuesday that it has stopped accepting applications for loan guarantees to help finance new solar, wind or other renewable energy facilities and suggested there would be winners and losers among companies that have applications pending. The loan guarantee program for renewable energy generation projects, called "Section 1705," after the portion of the 2009 Recovery Act that supports it, expires Sept. 30 and only projects that can start construction and close their loan guarantees by that date will be considered for a guarantee, Jonathan Silver, the head of the agency's loan programs office, wrote in a blog post on the DOE web site. The agency has issued roughly $1.6 billion in loan guarantees for 19 renewable energy projects to date. Loan guarantees for roughly $800 million in remaining funds will be issued to companies that have already applied, whose applications are "farthest along in the process," and whose projects are most likely to meet the Sept. 30 construction deadline, Silver wrote. "Not all these projects will succeed by September 30th," he wrote. The DOE placed another group of applications "on hold" after determining that the projects were unlikely to meet the Sept. 30 deadline, Silver wrote. He added that if the program received more funding in the future, those applications could be revived. The DOE notified companies on Tuesday whether their applications would proceed or not, Silver wrote.
SB X 1-2 and California's New Energy Future
This law, called the California Renewable Energy Resources Act, obligates all California electricity providers to obtain at least 33% of their energy from renewable resources by the year 2020. This requirement constitutes the most aggressive renewable portfolio standard in the country.
Mechanical ventilation and heat recovery System with integral heat pump
This article explains: some background to our bungalow design, why we had the original mechanical ventilation and heat recovery system installed; why we chose the latest system and our experience with both systems.
International Wind Energy Development: World Market Update 2010
This year's World Market Updated includes a full chapter dedicated to Direct-Drive WTG versus Gearbox-Equipped WTG. The increased use of the direct-drive turbines across the wind market is impacting the wind industry. The World Market Update 2010 identifies and compares the pros and cons of both the direct-drive and gearbox-equipped concepts, as well as the implications of using permanent magnets on a large scale.
Echo Captures More Untapped Solar Energy
This is an interesting use of existing technologies combined to build a viable solution.
Suppliers Converging on Electricity Distribution Automation Opportunity
Short description of recent trade show visits, highlighting increased supplier and customer awareness of distribution automation as stepping-stone to renewables integration and development of smart grid
U.N.: Renewables could be 80 percent of energy by 2050
Renewable sources such as solar, wind and hydropower could fulfill almost 80 percent of the world's energy demand by 2050 with the right policies, according to a U.N. report which won backing from governments on Monday. The 26-page study, by the U.N.'s Intergovernmental Panel on Climate Change (IPCC), broadly matched a draft written by scientists. It was approved by government delegates at talks in Abu Dhabi. Environmental groups hailed the report as a guide to the shift from fossil fuels to combat climate change, a process set to cost trillions of dollars. But they said some draft findings were watered down, partly due to opposition by oil exporters. "Close to 80 percent of the world energy supply could be met by renewables by mid-century if backed by the right enabling public policies," the IPCC said. The report said moves to cleaner energies including geothermal or ocean energy would help cut greenhouse gas emissions, which it blamed for global warming including floods, droughts, heat waves and rising sea levels.
Solar Technology Continues To Dominate Investment In Q1
U.S. venture capital investment in cleantech companies increased by 54% to $1.14 billion in the first quarter of this year (Q1'11), from $743.3 million in the first quarter of 2010 (Q1'10). This increase occurred despite a 13% decrease in deals year-on-year from 79 to 69, according to an Ernst & Young LLP analysis based on data from Dow Jones VentureSource. The top 10 deals in Q1'11 totaled $683.1 million, 60% of the total raised for the quarter, and two deals accounted for 18% of the total dollars raised. "The U.S. cleantech market experienced continuing momentum - both from a venture capital perspective and among the larger investment community," says Jay Spencer, Ernst & Young LLP's Americas cleantech director. "The second generation of solar companies and larger, later-stage rounds dominated VC investor interest in Q1."
The energy/electricity generation segment, led by strong solar investments, raised $450.3 million through 16 deals in Q1'11. The solar sub-segment accounted for 32% of the total dollars raised for the quarter with $362.7 million, a 162% gain from Q1'10.
First Solar: European Market Is A Mess, Q1 Sales Flat
Changes in solar incentives in key markets such as Germany and Italy are making life difficult for major players such as First Solar, which reported a flat first-quarter revenue and lower earnings on Tuesday afternoon. "With a lot of pending changes, the market started out really slow in 2011," said Rob Gillette, First Solar's CEO, during a conference call with analysts. "We expect the European industry demand to go through a period of adjustment in the second and third quarter." Manufactures saw solar panel prices falling faster than expected, Gillette said, and the lower selling prices were partly responsible for the company's financial results. Europe is the largest solar market, a result of a type of incentive policy that requires utilities to buy solar electricity at government-set, premium prices. The prices are supposed to fall over time as the market grows and production costs drop, but political leaders in Europe in recent years have taken to making extra cuts to curb explosive growth and minimize the impact on consumers, who help to pay for these incentives through their electric bills.
Mitsubishi Opens Pre-Orders for i-MiEV Electric Car
The 2012 Mitsubishi i in the ES trim level will have a base price after federal tax credit of only $20,490 - a substantial savings compared to some of its EV competitors.
Further, the optional SE trim level includes a dynamic 360-watt, 8 speaker deluxe sound system, leather-wrapped steering wheel, higher quality upholstery with silver accents, two-tone interior dash and door panels, 15-in. alloy wheels, and fog lamps at only $22,490 after credit. An optional SE premium package is available for $2,790 and including a quick charging port for ultra-fast Level 3 recharging (80% full in only 30 minutes), HDD navigation system, rearview camera, FUSE hands-free communication with USB port and an articulated steering wheel. Despite the price, the base model Mitsubishi i ES packs a fair compliment of standard equipment and amenities, including electric power steering (EPS), LED rear lights, heated driver's seat, air conditioning with micron filter, keyless entry, an on-board recharging system with 8 amp charging cable plus a 4 speaker, 100-watt AM/FM/CD audio system with MP3/WMA playback. A Cold Zone package is available on both the ES and SE for only $150 including a Li-Ion Battery Warming System and heated sideview mirrors.
Mitsubishi is making pre-ordering the all-electric car a simple 4-step process taking only a matter of minutes. The first 2,000 placing an order and taking possession of the Mitsubishi i, will benefit from Mitsubishi's waiving the $99.99 home electrical inspection fee - a charge no one sees coming.
Oil Giant Total to buy 60% of SunPower for $1.38 Billion
Total SA, Europe's third-biggest oil producer, agreed to buy as much as 60 percent of SunPower Corp. for $1.38 billion, taking advantage of increased global interest in renewable energy. SunPower, the second-largest U.S. solar panel maker, described the acquisition price of $23.25 a share as a "friendly tender offer" in a statement. SunPower surged 40 percent to $22.53 yesterday after the close of regular trading on the Nasdaq Stock Market. The deal for San Jose, California-based SunPower may lead to more solar industry acquisitions as U.S. and European suppliers seek help competing against rival suppliers in Asia, said Kevin Landis, portfolio manager at Sivest Group Inc. "This is exactly what SunPower needed to compete with the Chinese manufacturers that are getting so much support from their government," Landis said in an interview. "It also allows SunPower to double down on the technology improvements they'll need to compete in the long run." Sivest, also based in San Jose, held about 17,000 shares of SunPower at the start of the year. The takeover may trigger similar acquisitions by oil companies that consider renewable-energy manufacturers a way to improve their clean-energy credentials and may profit when surging crude prices reduce demand for fossil fuels, said John Hardy, an analyst at Gleacher & Co. in New York.
MIT Researchers Unveil Transparent Solar Cell
It has been the dream and pursuit of many a business and research endeavor, but only varied success has been achieved to create a truly transparent solar photovoltaic cell. Leave it to the brainiacs at MIT to find the solution. Yes, the research and technology hub has done it again, marking a landslide achievement in the world of energy technology with the creation of a clear solar pv cell. Researchers Vladimir Bulovic and Richard Lunt have published their findings in Applied Physics Letters. The duo has apparently created a transparent solar cell with a maximum efficiency (sunlight to electricity) of 1.7 percent. The cell operates within the near-infrared spectrum. However, the cell is still only about 55 percent transparent, similar to tinted sunglasses.T he transparent cell is actually quite unique in its design when compared to tradition cells. Bulovic and Lunt's transparent cell is comprised of organic molecules that harness infrared light while allowing visible light to pass through. The photovoltaic compound is actually coated onto a pane of standard window glass. The researchers are in the prototype phase of this technology, but believe it could potentially be painted onto existing windows to create a low-cost easy-to-install photovoltaic option for both commercial and home solar installations.
The ESD (Engineering Society of Detroit) Ride and Drive of the Chevy Volt
GM invited members of the Engineering Society of Detroit out to the Proving Gounds in Milford for test drives. There were 11 Volts and they paired us up for a test drive out into Milford and down to Lake Kensington and out on to I 96 for a few miles and then circled back to the Proving grounds. Everyone was excited by their drive and we were told that virtually every one on the development team had their order in on the new vehicle. It is being built in the Hamtramck/Detroit Cadillac Plant that Coleman Young fought for and the lithium ion Battery Packs are being built in a new Brownstown plant nearby.
Introduction to JOINT IMPLEMENTATION - JI
The basic principles of Joint Implementation are defined in Article 6 of the Kyoto Protocol. Project participants from two (or more) Annex 1 Parties may jointly implement an emissions-reducing project in the territory of an Annex 1 Party, and count the resulting emission reduction units towards meeting the Kyoto target of the other involved Annex 1 Party/ies.
Careers in the Clean-Tech Industry
The NY Times reports that the federal government is pouring $500 million into training for green jobs, and the sector devoted to energy efficiency is estimated to grow as much as fourfold in the next decade, to some 1.3 million people, according to the Lawrence Berkeley National Laboratory.
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