In the earlier [Read more...]
Tom Konrad CFA
“The MRM market has been growing quickly, and does not look like it will slow down.”
So says Clem Driscoll, President of C.J. Driscoll & Associates, a leading consultant for the Mobile Resource Management (MRM) industry. [Read more...]
Chinese car makers are fueling a new global buying binge of clean-energy assets, with the latest word that Geely Automobile (HKEx: 175) is buying a British electric car startup. This is in addition to Geely announced a new joint venture to produce electric cars with Kandi Technologies (Nasdaq: KNDI). Geely’s deal comes just weeks after China’s Wanxiang Group completed its second major acquisition of a clean energy firm in the US, hinting at a growing wave of global M&A by tech-hungry Chinese car makers. This flurry of deals also comes as China’s leading electric vehicle (EV) maker, BYD (HKEx: 1211; Shenzhen: 002594; OTC:BYDDF), spotlights new government data that showcases its own technology development prowess. [Read more...]
Attorneys and a state Senator are getting involved in a still-unawarded geothermal contract Hawaii Electric Light Co. (HELCO) had originally said would be awarded before the end of 2013. The RFP was posted in early 2013 and asked for a 50-MW influx of geothermal power development on the Big Island of Hawaii. Disruptions caused by the continuing delay include losses of the companies that submitted proposals, and a breach of public trust lawsuit has been brought against the State of Hawaii; Governor Neil Abercrombie; the Public Utilities Commission (PUC); Department of Commerce and Consumer Affairs; Department of Business, Economic Development, and Tourism; Hawaiian Electric Company (HECO); Maui Electric Company; Hawaii Electric Light Company (HELCO); and Hawaiian Electric Industries (HEI).
It is no secret that renewable energy project development cycles present many unique challenges — as well as promising opportunities — for developers, investors and power users alike. Geothermal energy project development in particular can be a challenging endeavor, based on the extended timelines involved in successfully proving a resource, mitigating drilling risk and managing the subsurface reservoir on an ongoing basis. These are unique “geo sector-specific” issues that must be managed, in addition to the typical power plant development and construction issues inherent in any energy project endeavor. Due to these challenges, the corresponding financing of geothermal projects must be carefully tailored to match these specific features.
Clean energy assets in the Middle East and North Africa will more than double in capacity by the end of next year, the Dii GmbH industry association said.
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Today, the Earth got a little hotter, and a little more crowded.
Daily Climate Change: Global Map of Unusual Temperatures, Mar 6, 2014
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Tesla Motors (NASD:TSLA)
made a splash last week with its proposed $5 billion “Gigafactory”
and its eye-popping numbers: a 10 million square foot facility on an
entire land area of 500-1,000 acres, with output of 35 GWh/year of
The European Union should ensure that future climate and energy policies do not undermine the competitiveness of its industry, already weakened by a price gap with the U.S., the bloc’s member states said.
The idea of a “smart grid” has taken center stage — an evolution of advanced technologies that make the availability of a smarter, more efficient electrical power grid possible. These technologies aim to address the complex challenges facing grid systems today, which stem largely from its aging infrastructure and a use case model that has evolved over the years. With power systems over a century old, the field instrumentation on the grid is quickly reaching its life cycle limit, which adversely affects overall grid reliability and efficiency.
Several countries have announced ambitious goals to be powered completely by renewable energy, while other nations set smaller, incremental goals. These high aspirations have sparked quite a debate amongst industry experts, and we here at Renewable Ene…