Carbon traders fear pink slips

Reuters reports that, “Wall Street was supposed to become the capital of a global carbon trading market worth a trillion dollars a year but now many who thought green trading desks would be the next big thing are fearing the pink slip.
U.S. banks had looked forward to a huge “cap-and-trade market” a system where companies [...]

First Solar Signs Contract with PG&E for 300 MW Photovoltaic Solar Power Project

According to First Solar, “First Solar, Inc. (Nasdaq: FSLR) today announced a power purchase agreement to supply Pacific Gas and Electric Company with renewable electricity from a 300 megawatt (AC) utility-scale photovoltaic solar power facility that First Solar is developing in Southern California.
The Desert Sunlight project, to be located near Desert Center in eastern Riverside [...]

U.S. “cap and trade” rebranded “pollution reduction”

According to Reuters, ” Like a savvy Madison Avenue advertising team, senators pushing climate-control legislation have decided to scrap the name “cap and trade” and rebrand their product as “pollution reduction targets.”
A clunky and difficult term to define for laymen and some politicians, “cap and trade” had become dirty words on Capitol Hill in recent [...]

U.S. Virgin Islands Makes Aggressive Energy Pledge at NREL

According to the NREL press release, “The U.S. Virgin Islands can reduce its reliance on fossil fuels by 60% within the next 15 years by developing its abundant renewable energy resources, Governor John P. de Jongh, Jr. announced at a workshop at the U.S. Department of Energy’s National Renewable Energy Laboratory.
In his NREL visit, [...]

Hopes for $2 trillion global carbon market fade

According to Reuters, “Investors are becoming less convinced that a global carbon market, estimated to be worth about $2 trillion by the end of the decade, can be established as uncertainty over global climate policy persists.
The absence of legally binding global climate deal and a federal emissions trading scheme in the United States are standing [...]

Marks & Spencer launches programme to be World’s most sustainable retailer by 2015

According to the Press Release, “Marks & Spencer (M&S) announces a programme to be the world’s most sustainable retailer by 20151, launching 80 major new commitments under M&S’ eco and ethical plan, Plan A.
The new commitments will mean we ensure all M&S products become ‘Plan A products’ with at least one sustainable quality, enable our [...]

Bloom Energy Debuts Advanced Fuel Cell to Provide Clean, Reliable, and Affordable Power 24/7

According to Bloom Energy’s press release, “company committed to changing the way people generate and consume energy, announced today the availability of the Bloom Energy Server™, a patented solid oxide fuel cell (SOFC) technology that provides a cleaner, more reliable, and more affordable alternative to both today’s electric grid as well as traditional renewable energy [...]

UK firms not ready for government green plan: consultants

According to Reuters, “UK businesses are unprepared for a complex government plan to cut corporate energy use and it will only deliver 1.4 percent of its carbon reduction target for 2020, energy consultants McKinnon & Clarke said in a report.
The government hopes to reduce greenhouse gases by 34 percent by 2020 below 1990 levels through [...]

Google Energy – Google can now sell energy

Google has taken many steps to enter into the energy business. First they dipped their toes in Google PowerMeter. After that they created Google.org which invests in renewable research and development. They now created a new Google entity called Google Energy, LLC. This new entity filed at FERC to become a wholesale [...]

Better Place Secures $350 Million Series B Round led by HSBC Group

According to the press release, “Almost two years to the day after announcing its first car partnership and its first country deployment in Israel, Better Place today announced that it has signed an agreement with an HSBC led investor consortium for new equity financing of $350 million. The deal marks one of the largest clean [...]

U.S. Chamber Files Petition to Challenge EPA’s Triggering of Clean Air Act Regulation

According to the US Chamber of Commerce, “Steven J. Law, chief legal officer and general counsel of the U.S. Chamber of Commerce, today issued the following statement on the Chamber’s intention to challenge EPA’s decision to trigger Clean Air Act regulation:
“The U.S. Chamber strongly supports efforts to reduce greenhouse gas emissions in the atmosphere, but [...]

Obama Administration Announces Loan Guarantees to Construct New Nuclear Power Reactors in Georgia

According to the White House press release, “Underscoring his Administration’s commitment to jumpstarting the nation’s nuclear power industry, President Obama today announced that the Department of Energy has offered conditional commitments for a total of $8.33 billion in loan guarantees for the construction and operation of two new nuclear reactors at a plant in Burke, [...]

Chinese solar to gain on subsidy cuts in Europe

According to Reuters, “Subsidy cuts throughout Europe promise more business for Chinese solar companies at the expense of European and American peers as customers seek lower cost products to protect profits.
Governments in major European solar markets such as Germany and Italy are paring back support regimes for photovoltaic (PV) appliances this year and next, arguing [...]

Wally Hermès Yacht – A Green Yacht

The Why Yacht. The designer has teamed up with Hermès to create a luxury green yacht with breathtaking views. It offers a 200 square meter master suite and a 30 meter opening stern.
Some neat green features include 900 square meters of solar panels. In addition, there is a diesel-electric propulsion system designed to [...]

SunPower Announces Agreement to Acquire SunRay

According to the Press Release, “SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced that it has signed a definitive agreement to acquire SunRay Renewable Energy, a leading European solar power plant developer with offices in Europe and the Middle East, including a principal project office in Rome. SunPower will acquire SunRay from its shareholders, which includes [...]

Union of Concerned Scientists fight back on Climate Change

Backgrounder on the Union of Concerned Scientists:
Founded in 1969, it was born out of a teach-in organized by a group of scientists and students at the Massachusetts Institute of Technology to protest the militarization of scientific research and promote science in the public interest. This non-profit has a history of going against US Conservative [...]

Price ultimate driver of greener energy use: GE

According to Reuters, “Pricing systems that encourage households to use energy more efficiently are the best way to help consumers to protect the environment, a senior General Electric Co executive said on Tuesday.
Bob Gilligan, GE’s vice president of transmission and distribution, said the development of appliances that adjust their own energy use in response to [...]

EIA Study Affirms Southwest Lamma Offshore Wind Farm

According to the press release, “HK Electric proposes the development of an offshore wind farm in the Southwest Lamma Channel with a generating capacity of around 100 MW. HK Electric proposes the development of an offshore wind farm in the Southwest Lamma Channel with a generating capacity of around 100 MW.
HK Electric is proposing the [...]

Tennessee Valley Authority selects Smart Synch for Smart Metering

According to the press release, “SmartSynch, Inc., a smart grid infrastructure company utilizing standard IP communications via public wireless networks, has been selected by the Tennessee Valley Authority (TVA) as the smart metering solution provider for Generation Partners℠, a distributed renewable generation program offered by participating local power companies that distribute TVA power. TVA is [...]

New Metering Chips From Teridian Feature Innovative Isolated Sensing Technology

According to the press release, “Teridian Semiconductor today announced that it has begun sampling its fourth generation residential smart metering integrated circuits (ICs). The new product family includes the 71M6541x and 71M6xx1 and features digitally isolated current sensors based on the company’s proprietary MicroDAATM isolation technology. The new 71M6541x, as a stand-alone meter [...]

Beacon Power Accelerating Production Plans to Build Nation’s First Full-Scale Flywheel Energy Storage Plant

According to their press release, “Beacon Power Corporation (Nasdaq: BCON), a leading provider of advanced products and services to support a more stable, reliable and efficient electricity grid, today announced that it plans to hire approximately 50 new employees this year at its Tyngsboro, Massachusetts, headquarters, as it ramps up production of its grid-scale flywheel [...]

President’s Energy Budget Invests in Innovation, Clean Energy, and National Security Priorities

According to the US Department of Energy, “U.S. Energy Secretary Steven Chu today detailed President Barack Obama’s $28.4 billion Fiscal Year 2011 budget request for the Department of Energy, highlighting the Administration’s commitment to create jobs with the development of a clean energy economy, invest in advanced science, research and innovation, maintain a strong nuclear [...]

Steve Westly bullish on green startups

According to Reuters, “The U.S. recession and slow global economy have created big opportunities for investments in promising green startups, an area that at one time had lofty valuations, Silicon Valley venture capitalist Steve Westly said.
Westly, a former California state controller and eBay Inc executive, said he is seeing some “great quality of deals.”
“Two years [...]

GM To Be First Major U.S. Automaker to Manufacture Electric Motors

According to the press release, “GM will expand its in-house electric vehicle development capabilities by becoming the first major U.S. automaker to design and manufacture electric motors, a core technology for hybrids and electric vehicles.
By doing so, GM will lower costs and improve performance, quality, reliability and manufacturability of electric motors by controlling design, materials [...]

Duke Energy Acquires First Commercial Solar Power Project

According to the press release, “Duke Energy is adding solar power to its commercial renewable energy portfolio through the acquisition of a large-scale solar photovoltaic project under development in San Antonio, Texas.
Duke Energy Generation Services (DEGS), a Duke Energy Commercial Businesses unit that owns and develops renewable power assets, will purchase the Blue Wing Solar [...]

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