Archive for the 'Geothermal' Category

Mergers & Acquisitions Point to Renewable Energy Growth

MA 150x150 Mergers & Acquisitions Point to Renewable Energy GrowthAlthough Vestas’ big second-quarter losses might point to the contrary, investor confidence in the cleantech sector is bullish. A report, compiled by IMAP, a global network of merger and acquisition advisory firms, shows that the number of mergers and acquisitions in the alternative energy sectors rose 54% last year.  IMAP’s research shows that mergers and acquisitions in renewable energy’s three major sectors — solar power, wind energy, and biofuels — was worth US$20.4 billion last year.

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Green Power Islands: A Solution for Renewable Energy Storage Problems?

Green Power Islands 150x150 Green Power Islands: A Solution for Renewable Energy Storage Problems?A Danish architectural firm is taking a well-known method of energy storage and applying it to renewable energy, turning unused land surrounded by water into Green Power Islands.  The firm, Gottlieb Paludan, is setting up solar and wind farms on these islands then using the surrounding water as energy storage via pumped hydro.

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Tiny Saint Lucia to Get Geothermal Power Plant

geotherm island 150x150 Tiny Saint Lucia to Get Geothermal Power PlantA 120-megawatt geothermal energy plant is slated to be built on the Caribbean island of Saint Lucia. The plant will be built by U.S.-based Qualibou Energy Inc.  The proposed geothermal site, Sulphur Springs, has been studied for over 30 years, and has an estimated capacity of 170 megawatts (MW).  30 megawatts of power has already been generated through several test sites.

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Google Comes Out Swinging for California Climate Law

google 150x150 Google Comes Out Swinging for California Climate LawGoogle threw its considerable weight behind California’s landmark climate change law this week, when it hosted an event where it argued an upcoming measure to kill the law would derail past and future gains made in cleantech job growth.  Google hosted the event with the Silicon Valley Leadership Group, featuring California Air Resources Board chairwoman Mary Nichols, venture capitalist guru Vinod Khosla, Google Green Energy Czar Bill Weihl, and PG&E senior vice president Tom Bottorff, who discussed the negative implications from Proposition 23, which would derail the state’s climate law, also known as AB 32.

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Geothermal Powers the Greenest Hotel in North America

planet travelers hostel 150x150 Geothermal Powers the Greenest Hotel in North AmericaMany hotels’ “green” initiatives amount to giving their guests the option to launder their towels every day. But the Planet Traveler Hostel, which is set to open in Toronto, is the real deal.  Billed as the “Greenest Hotel in North America,” the project aims for a 75 to 80% reduction in energy use compared to conventional hotels.

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President Obama’s Birthday: A Time to Celebrate Renewable Energy?

Barack Obama 150x150 President Obamas Birthday: A Time to Celebrate Renewable Energy?Yesterday marked Barack Obama’s 49th birthday.  As one of the youngest presidents the United States has ever elected, he assumed his position as the world’s most influential figure with big plans for change, and a slogan of “yes we can” to rally the masses behind his vision.

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New York’s Solar Thermal Roadmap Could Save Consumers $175 Million

New Yorks Solar Thermal Plans 150x150 New Yorks Solar Thermal Roadmap Could Save Consumers $175 MillionA new solar thermal roadmap for New York State announces potential consumer savings of close to US$175 million by focusing on heat and hot water applications for residential and commercial buildings. Released by the Solar Thermal Consortium back in May at the NYSEIA conference, the roadmap’s success appears to be contingent upon ramping up solar thermal industry development.

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Geothermal Development in Kenya receives $118 Million from World Bank

blog geo Geothermal Development in Kenya receives $118 Million from World BankThe World Bank has given US$330 million to the Kenya Electricity Expansion Project.  The funds will be used to increase geothermal capacity, as well as strengthen the country’s electric grid. Kenya’s plans to diversify its energy supply, which currently relies heavily on hydropower, with geothermal power has been well documented.

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Jobless Claims Drop Offering Hope for Recovery

unemployment Jobless Claims Drop Offering Hope for RecoveryNew U.S. claims for jobless benefits fell to their lowest level in two months, offering cautious hope for an economic recovery that had shown signs of fatigue. The bigger-than-expected decline in jobless claims was a relief after a slew of weak reports had left investors fearing the economy could slip back into recession. “Talk of a double-dip may be a little premature. Investors jumped on the double-dip bandwagon, but we don’t really see it,” said Alan Lancz, president at Alan B. Lancz & Associates in Toledo, Ohio.

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Five Essential Steps for Becoming a Successful Green Investor

green investing Five Essential Steps for Becoming a Successful Green InvestorAs with any potential investment decision, preparation and research are necessary elements to conduct before a prudent, well-informed decision can be made. The Green industry is still in its emerging growth stage, and while there are many companies with revenues and reasonable market capitalizations, the sector is predominated by newly formed enterprises that are still searching for a profitable business model and have yet to recognize any material revenue streams at this point.

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