Europe’s Cap and Trade has reduced fossil energy use and grown renewable energy Here’s an example of how fossil energy companies could switch to renewable energy. The Norwegian company StatoilHydro is celebrating the off-shore wind inauguation this month of their Hywind pilot in the North Sea. Off-shore oil drilling companies … [continued]
Industry juggernaut Waste Management is convinced there’s a future in sewage-to-biofuel, and to prove it the company has just joined with the largest refiner in the U.S., Valero Energy Corp., to blend wastewater “crude” into gasoline. The two companies have invested in Terrabon LLC, which was formed in the 1990’s … [continued]
Rotterdam-based marine-engineering firm DK Group has been quietly testing one of the strangest-sounding technologies to come along in the recent past— a ship that floats on air. This past September, the company let loose a 272 foot long cargo vessel in Norway’s Oslo Fjord. 25 feet below the ship’s surface, … [continued]
[social_buttons] Emerging out of thin air, it has already surpassed solar and wind as the largest cleantech industry. Carbon credits were worth a staggering $63 billion in 2007 and $59 billion in the first half of 2008 alone. Europe has dominating the carbon market since its creation less than five … [continued]
The quest for cleaner energy generation is one that is going to be a main focus for the next several decades. Without a doubt, humanity has finally realized that our insane overdependence on oil and other fossil fuels is, if nothing else, simply not healthy. It will eventually run out, … [continued]
StatoilHydro, a state-run oil company in Norway, recently announced a 2 year test of a floating 2.3 MW wind turbine off the coast of Norway. Cables will be used to transmit the power to shore for this $80 million pilot project. The turbine has a height of 65 meters above … [continued]
