As debate heats up around the proposals for clean energy legislation in Congress, one of the main points of contention is the amount of money it will cost. More specifically, everyone wants to know how the average American household will be impacted by the respective energy bills in the House (Waxman-Markey’s American Clean Energy and Security Act) and the Senate (Kerry-Boxer’s Clean Energy Jobs and American Power Act). This article will investigate the change in energy prices one can expect from legislation that could be passed within the coming months, and try to sift through the wide discrepancy in figures that are being tossed around. Then some recommendations will be presented as to how energy usage can be reduced, to preempt any anticipated rises in cost.
A UK-based renewable energy company has received a $61 million grant from the Australian government to build the world’s first utility-scale wave power project.
Ocean Power Technologies will begin construction of the 19-megawatt project in the waters off Victoria in 2010. The project will provide enough electricity to power 10,000 homes.
Wave technology uses buoys riding up and down on waves to drive an electrical generator, and then sends the power ashore via underwater cable.
The Monterey Bay International Trade Association, TradePort and California’s Global Trade Community invite you to the Global Smart Energy- Bilateral Trade and Investment Opportunities conference on November 13, 2009.
Featuring several clean tech experts hailing from Chevron Energy Service (CES), the U.S. Department of Commerce (DOC), NASA and other small business sectors, the conference will discuss the obstacles and business opportunities faced in the emerging “smart grid” industry.
The Philippine government plans to approve 19 new contracts to develop the nation’s massive geothermal energy resources in the next five months.
A top energy official said financial incentives for the development of renewable energy projects could attract more than $2.5 billion in private dollars from domestic and international companies.
Ormat Technologies, Inc., announced today that its Israeli subsidiary, Ormat Systems Ltd., has signed a Joint Venture Agreement (“JVA”) with Sunday Energy Ltd. (“Sunday”), an Israeli solar integration company, to construct and operate solar-photovoltaic (“PV”) energy systems in Israel with a total capacity of 36 megawatts (MW).
Under the JVA, Sunday will contribute the rights to all of its property and roofs required to develop solar energy systems above 1 MW to special purpose entities (“SPEs”). Ormat will own 70% of each SPE and will also have control of it. Under the terms of the agreement, Ormat and Sunday will act, jointly, as the engineering, procurement and construction (“EPC”) contractor and the operator of each project in accordance with each company share in the SPEs .
There had been rumors about it earlier this weeks on Globes, Israel’s financial newspaper. But the story was took down, I guess because of a leak.
Now General Electric has unveiled its good news finally, according to ABC News, that it is investing in the Israeli solar technology company SolarEdge. The company allows photovoltaic panels, which convert sunlight into power, to operate up to 25% more efficiently.
Does that headline grab you? If not, these numbers should:
If that has not grabbed your attention yet, consider that in January of this year, Continental Airlines completed a test flight using a biofuel mixture, which included fuel derived from algae. The test flight yielded a 1.1 percent increase in fuel efficiency compared to a jet engine using traditional jet fuel.
That isn’t exactly a great leap forward, but achieving incremental increases in fuel efficiency coupled with the latest engine technology, as well as use of new materials in aircraft production, such as the Boeing 787, could signal a dynamic shift for the airline industry. (more…)
Slow down, high-speed rail seekers. In the race for stimulus money, the Obama administration has received applications from 24 states requesting $50 billion for high-speed rail projects, reports The New York Times.
That’s more than six times the amount of money designated. Joseph Szabo, head of the Federal Railroad Administration, told the Times that the selections will be merit based, and will be made this winter.
The Salt Lake Tribune reports that Utah Sen. Bob Bennett is involved in a fickle love affair with stimulus money. Two days before the Republican senator voted against the nearly $800 billion package – which he said would only stimulate the national debt – Bennett wrote to Energy Secretary Steven Chu asking him to pay special attention to a few projects in Utah. He wasn’t alone, reports the Tribune. All four of Utah’s Republicans in Congress voted against the bill, before using congressional stationery to try to nab a portion of the stimulus package for their state. (more…)
A “plucky little” country is how the late Princess Diana once described Israel to Shimon Peres. About the size of New Jersey, Israel has a disproportionate number of clean tech companies and investment in clean technology compared to its size.
And now U.S. businessman and investor David Anthony from 21Ventures (at left) is about to reveal his trade secrets and insider information about clean tech investing in Israel.
If you are itching to become a clean tech entrepreneur in Israel, this is must-read information. If you’d like to know more about what makes the industry tick, read on.
Unlike Silicon Valley and the high-tech industry, the clean tech market today has no center of excellence, Anthony tells Green Prophet. In the last 50 years of venture capital investing there has been a saying, “Never fly over your company,” meaning one shouldn’t invest in a company that isn’t within a 60 mile radius of the office.
Thank billions in government funding for helping to lift clean technology investment in the third quarter, said the Cleantech Group and Deloitte in a report Wednesday.
The quarterly analysis reiterated that the recession has kicked but not killed investments in this sector, which remain down 42 percent from the third quarter of 2008. Biotech and IT combined receive less funding than clean tech, which continues its climb from the second quarter, the report noted.
“The two largest venture deals (Solyndra and Tesla Motors) and the largest IPO (A123Systems) this quarter were all recipients of U.S. government funding,” said Cleantech Group managing director Dallas Kachan in a statement.