Cosan and Shell sign joint venture

According to the press release, “London and São Paulo, August 25, 2010 – A US$12-billion joint venture between Shell International Petroleum Company Limited (Shell) and Cosan S.A. (Cosan) moved closer to reality today when the two companies signed binding agreements. The proposed joint venture, which still requires regulatory approval, will produce and commercialize ethanol and [...]

Silver Spring Networks Announces Contract Extension with FPL

According to the press release, “Silver Spring Networks, a leading Smart Grid solutions provider, announced today a multi-year extension of its agreement to provide managed services to Florida Power & Light Company (FPL), the largest electric utility in Florida and one of the largest rate-regulated utilities in the United States. Under the terms of the [...]

Magma Energy Purchases of a Further Interest in Icelandic Geothermal Energy Producer

According to the press release, “Magma Energy Corp. (TSX: MXY) announces that its wholly-owned subsidiary, Magma Energy Sweden A.B., today has closed a portion of a previously announced agreement to acquire further shares of Iceland geothermal company HS Orka hf. Magma Sweden now holds an 84.21% interest in HS Orka. The acquisition was originally announced [...]

Energy Conversion Devices Announces Manufacturing Capacity Realignment

According to the press release, “Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building-integrated and commercial rooftop markets, today announced that it is realigning solar manufacturing capacity in its United Solar business among its existing facilities as part of its overall cost reduction activities. Effective [...]

Finavera Renewables Signs $7.5 million Joint Development Agreement with GE Energy

According to the press release, “Finavera Renewables Inc. (‘Finavera Renewables’ or the ‘Company’) (TSX-V: FVR) is pleased to announce it has entered into a project development partnership with GE Energy, a business unit of GE. Under the terms of the Joint Development Agreement (JDA), GE will provide Finavera Renewables with project development funding up to [...]

Terra-Gen Power Announces Closing of $1.2 Billion Construction Financing and Wind Turbine

According to the press release, “Terra-Gen Power, LLC (“Terra-Gen”) announced today that it has closed a $1.2 billion financing for four wind power projects with a total of 570 megawatts (MW) of capacity at its Alta Wind Energy Center in Kern County, California. The four projects, known as Alta Projects II-V, will use 190 V90-3.0 [...]

China dismisses IEA label as world’s top energy user

According to Reuters, “China on Tuesday disputed that it had surpassed the United States last year to become the world’s largest energy user, and defended its efforts in boosting cleaner energy sources. The International Energy Agency estimates China last year consumed 2.265 billion tonnes of oil equivalent of energy from sources including coal, oil, natural [...]

Secretary Chu Announces Initiatives to Promote Clean Energy at First Clean Energy Ministerial

According to the press release, “At the world’s first Clean Energy Ministerial, U.S. Energy Secretary Steven Chu today announced that the United States is helping launch more than 10 international clean energy initiatives.  These initiatives will cut energy waste; help deploy smart grid, electric vehicle, and carbon capture technologies; support renewable energy markets; expand access [...]

President Obama Announces a conditional commitment offer for a $1.45 Bil Fed. Loan Guarantee for Abengoa Solar

According to the press release, “President Obama announced today in his weekly video address that DOE has offered a conditional commitment for a $1.45 billion loan guarantee to Abengoa Solar, Inc. The loan will support the construction and start-up of Solana, a 250 net megawatt (MW) concentrating solar power (CSP) plant in Arizona. “After years [...]

Team’s Work Uses a Virus to Convert Methane to Ethylene

According to the NY Times, “A team of molecular biologists and materials scientists said Monday they had genetically engineered a virus to convert methane to ethylene more efficiently and at a significantly lower temperature than previously possible. If they are successful in commercializing the new material, it will herald the arrival of a set of [...]

Duke Energy Commercial Solar Power Project in Texas Secures Financing

According to the press release, “For the second time in three weeks, Duke Energy announced the financing of assets in its commercial renewable power portfolio to help fund investments in additional clean energy projects. Duke Energy Generation Services (DEGS), a Duke Energy Commercial Businesses unit that owns and develops renewable power assets, has raised approximately [...]

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.” [...]

United States Announces $1 Billion to Reduce Forest Emissions

According to the Press Release, “Agriculture Secretary Tom Vilsack today announced the United States, joined by Australia, France, Japan, Norway, and the United Kingdom, agreed, in the context of an ambitious and comprehensive outcome in Copenhagen, to dedicate a total of USD3.5 billion as initial public finance towards slowing, halting and eventually reversing deforestation in [...]

GREEN BUSINESS: Nature’s Calling to General Motors?

Green, being the word of the day applies itself to every industry due to regulations and consumer demand for cleaner products. In the case of General Motors (GM), the only green they may ever see could be in the form of the grass that is covering their new home 6 feet under the ground in [...]

Solar Business – Ups and Downs

While green technology has taken off around the world, in several areas the concentration of an environmentally friendly ideal has truly sprouted wings. While the enlightened masses try their best to do their part to stave off global warming and reduce their carbon footprint, for some it is simply not enough. There is now a [...]

Being Green Pays

The energy crisis in California between the years of 2000-2001 left many state citizens angered at their utility providers, and rightfully so. Thanks to the corporate greed of companies such as Enron, the entire economy of the state was affected in an adverse way. However, there were good things that came from these trying years, [...]

Green Cars: Tesla Motors Shatters Single-Charge Distance Record

The biggest knock on the electric vehicles (EVs) is its lack of range on a single charge. On average the typical EV being produced today has about a 100-mile range before needing to recharge. On hybrids it becomes even more dismal with an all-electric range of roughly 40 miles. For normal commute in a day [...]

Green Japan making waves

Long before the idea of creating power from the motion of the oceans, the Japanese have had a fascination with waves and weather. Ever since the kamikazes (divine wind) saved them from Mongol invasions under the command of Kublai Khan in the 13th century, the Japanese have honored the sea and its power. In more [...]

Centrica to invest £725 million to build 270MW offshore wind farm and also announces equity partner and refinancing of existing wind portfolio

According to the Press Release, “Centrica plc, the parent company of British Gas, today announced that its 270 megawatt (MW) Lincs offshore wind project has received final investment approval, and that construction is expected to begin in 2010. Lincs will be situated eight kilometres off the coast of Skegness next to Centrica’s existing wind farm [...]

United States seeks more clean energy market access in China

According to Reuters, “Commerce Secretary Gary Locke will press for more access for American companies in China’s clean energy sector, an area where Washington feels it can make inroads on its enormous trade imbalance with China. China’s ambitious wind power plans, as well as national policies to reduce emissions and use water and fuel more [...]

U.S. House of Representatives passed the Solar Technology Roadmap Act

On the 22nd of October, the U.S. House of Representatives passed the Solar Technology Roadmap Act, in the hopes of laying the groundwork for a more ecologically friendly future. The main purpose of the act was to bring together both politicians and representatives from the solar industry to plan out what needs to be done. [...]

DOE and the Power of Wind

In the world of wind energy there is constant research taking place, much of which is leading to improved means of creating renewable energy. When many think of wind energy, thoughts turn to the Netherlands and old fashioned windmills. Some other may recollect large “wind farms” full of white propeller looking windmills that tower above [...]

PG&E To Buy 500 Megawatts Of Clean Solar Power From NextEra And Abengoa Solar

According to the Press Release, ” Pacific Gas and Electric Company (PG&E) today announced that it has contracted with subsidiaries of NextEra Energy Resources and Abengoa Solar for delivery of a total of 500 megawatts (MW) of clean solar power. The agreements are among several solar deals recently signed by the utility with independent developers [...]

According to UNEP: Public finance can scale up climate investment

According to Reuters, “Public finance could help stimulate private investment in climate change solutions in developing countries, a report commissioned by the United Nations’ Environment Program showed on Monday. World leaders are grappling with how much funding should be provided for poor countries as part of a deal to tackle climate change which they hope [...]

FTC Press Release: Maker of Rayon Clothes Barred from Deceptive “Bamboo” Claims

According to the US FTC press release, “Just because bamboo is green does not mean that companies who purport to make clothing and other textiles from processed bamboo can make unsupported “green” claims. The Federal Trade Commission today announced a settlement with a company that allegedly falsely claimed its rayon products are made of bamboo [...]

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