By sitting around and watching opportunities pass by Warren Buffet, the legendary investor who has been at the helm of Berkshire Hathaway and made a fortune for himself and his shareholders, was once asked how to make a million. His answer: Buy an airline for a billion and watch your investment shrink to a million.… Keep reading →
New York City’s largest solar facility to be deployed at Freshkills Park will increase the city’s current renewable capacity by 50 percent. On November 25, 2013, Mayor Bloomberg announced NYC’s largest solar energy facility will be installed at Freshkills Park, Staten Island. The 10 MW facility, with potential to generate five times more power than… Keep reading →
In October 2013, exactly 40 years after the 1973 Arab Oil Embargo, the Energy Information Administration (EIA) announced that the US produced more crude oil than it imported. According to EIA, estimated domestic crude oil output averaged 7.7 million barrels per day in October – the highest in 25 years – while oil imports were 7.6.… Keep reading →
Renewable energy sources and natural gas should be considered as complements and not rivals. A hybrid gas-electric clean energy provides a workable engineering solution while 100% Renewables models based heavily on wind, solar and efficiency fall short of the meeting the functional needs of a modern technology intensive society. Natural gas and renewables are already… Keep reading →
The US power sector is staring down the barrel of a labor shortage of crisis proportions. With workers in all aspects of the industry retiring faster than new recruits are replacing them, the industry has a lot of work to do to position itself as a magnet for new talent. “There are a number of… Keep reading →
The March 2011 Fukushima accident destroyed four and shuttered most (currently all) of Japan’s 54 nuclear plants. Japan replaced nuclear energy with discomfort, sacrifice, and costly fossil fuels, because utility oligopolies suppressed renewable competitors and national energy efficiency languished. Two and a half years later, power reserves, though easing, remain tight, fuel bills exorbitant, and… Keep reading →
In what has to be seen as a discouraging sign for offshore wind power – a key component of the United Kingdom’s scheme to reduce its greenhouse gas emissions – RWE said it is abandoning the planned 1,200-megawatt Atlantic Array, in the Bristol Channel. The company said unspecified technological challenges of the project made it “uneconomic for RWE at this… Keep reading →
More efficient technology combined with low costs and good wind resources are making wind cost-competitive with some of the cheapest forms of fossil energy in the Midwest. “In the Midwest, we’re now seeing power agreements being signed with wind farms at as low as $25 per megawatt hour,” said Stephen Byrd, Morgan Stanley’s Head of… Keep reading →
ExxonMobil is the one of the world’s largest energy companies. But while the firm identifies its two primary priorities as producing energy and “reducing our emissions profile while we do it” – according to vice-president of government affairs Ken Cohen – energy, in this case, refers almost exclusively to oil and gas. ExxonMobil does have… Keep reading →
This second video in a 3-part series from the Advanced Biofuels Association highlights successes and challenges facing a company that seeks to commercialize next-generation, renewable transportation fuels. Sapphire Energy is the “first company to produce renewable crude oil on a continuous basis from algae biomass,” according to the ABFA. Sapphire CEO CJ Warner says the… Keep reading →
