Archive for the ‘business’ Category

Nation’s Largest Utility Leaves US Chamber of Commerce — Because of Climate Change?

John Rowe, Exelon CEO, said yesterday that climate change legislation is an urgent issue. At the same time, he announced that the nation’s largest utility would not be renewing its membership with the US Chamber of Commerce because of the Chamber of Commerce’s opposition to climate legislation.

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New Dow Chemical Coating Speeds Up Solar Assembly-Line

Not every breakthrough in the solar industry comes from efficiency gains from esoteric new Silicon Valley start-ups (though these are being catapulted by the recent funding bonanza) and university labs.

Some come from understanding that half the cost of a solar installation is just the cost of getting boots up on your roof, like for any other roofing job. One block off the grid reduces that cost by aggregating homeowners into groups to go solar together.

Some breakthroughs come when utility-scale solar companies forge innovative partnerships with housing developers rather than keep on battling NIMBY transmission costs, as BrightSource just did to meet its contract with PG&E for RPS solar power.

Others are starting to happen as titans of industry like Dow Chemical gear up to develop the little extras that smooth the assembly line process to speed up production-lines.

Because in manufacturing, assembly-line efficiency determines production costs:
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BrightSource Splits Utility-Scale Solar Site With Giant Housing Developer


It is easy enough for solar companies to sign contracts under new RPS laws requiring utilities to buy more and more renewable energy. But building any new power sites or transmission is fraught with difficulties, even when these are for a societal good like renewable energy.

But BrightSource has been creative in finding sites for its utility-scale solar thermal plants. Here’s a new example.

They have just made a deal with Nevada housing developer Coyote Springs Land Company to site a 960 MW solar thermal plant on 12 square miles of a 43,000 acre housing development planned before the economic real estate apocalypse. Some solar was part of Coyote’s original plan for its golfing community 50 miles north of Las Vegas, but not 12 square miles of it!

Now with housing in free-fall, the expertize of housing developers comes in handy to help us meet the need for more renewable energy. Solar power developers could piggyback on the experience of housing developers with the know-how to get through red tape.

This could be how renewable power overcomes siting hurdles - and how the construction industry digs its way out of a deep recession. A marriage made in heaven.
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Green Economy = More Jobs

A new report released today says that if we shift our economy — to a greener, low-carbon economy — we will have more jobs, not fewer.

Earlier this week, Tony Blair (former prime minister of the UK) and the Climate Group reported that if we worked to avoid climate change we’d create 10 million new jobs by 2020 — worldwide. Another recent study by Greenpeace and the European Renewable Energy Council says that such a shift could increase employment in the EU by 2.7 million jobs by 2030.

One more report, released today by the Global Climate Network (an alliance of nine influential think tanks) comes to similar conclusions.
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Top Technology Companies are Green and Clean on Newsweek’s Green Rankings

Not all clean tech companies need to produce more environmentally friendly products in order to make a difference; some are leaders in the industry because quite simply, they change their procedures in order to ensure that their practices reduce their carbon footprint. In this week’s Newsweek “Green Rankings” were released, and many of those higher up on the list include leaders in technology that are trying to make sure that their environmental impact is just that much cleaner.

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Coal Ditched for Natural Gas at US Power Plants


Apparently many modern electric power plants that are coal powered can also use natural gas. So, when the price of natural gas came down in the US, more power stations switched to the cheaper fuel.

The result has been a sharp drop in coal use. Unused coal is piling up at power plants. About 175 million tons of coal inventory is now backed up. Inventory is up 26% over last year.

This national backlog is now beginning to back up into coal fields too. Wyoming has a 6.5% drop in demand from utilities, especially in the Midwest. For the first time in 15 years, coal production has been slowed in Wyoming. And the future looks grim too. Read the rest of this entry »

UK’s Tony Blair Finds Climate Action Will Increase Global GDP & Create Millions of Jobs

Climate Action Will Pay for Itself, and More.

The United Nations (UN) stated earlier this month that the cost of avoiding climate change was at least 1% of global GDP — $500-600 billion dollars. Despite this major cost, Tony Blair, former Prime Minister of the UK, and The Climate Group, presented a report to the UN yesterday saying that a strong climate deal will “boost growth in all major economies & create millions of new jobs.”

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100s of Investors (with $13 Trillion) Demand Strong Climate Deal in Copenhagen

181 of the world’s largest investors say that the climate agreement in Copenhagen needs to be strong and binding.

This is from companies managing over $13 trillion and is the largest such statement to date. Their proposals are even stronger than what most activist organizations are asking for.

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First Solar and China to Partner on Gigantic Solar Power Plant

On Tuesday, the announcement that U.S.-based First Solar and the Chinese government will partner to build a 2GW photovoltaic (PV) power plant Ordos New Energy Demonstration Zone in China, sent shockwaves of excitement through the solar and clean energy communities.

The memorandum of understanding, which both companies signed on Tuesday, sets the stage for the construction of the world’s largest PV power plant to be completed by 2019.

According to the New York Times the plant is part of a planned 11,950-megawatt renewable-energy park slated for this region of Mongolia, that “would generate enough electricity to power about three million Chinese homes.” Read the rest of this entry »

International Wind Power Business Acquisition — Confidence in the US


A major move in the wind power industry this week shows international confidence in wind power in the US. A multi-million dollar acquisition by a British investment firm demonstrates that large financial players are seeing the US as a good place to invest in wind power.
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