Showing posts with label alternative. Show all posts
Showing posts with label alternative. Show all posts

Alternative Energy Stocks After Obama's Election Victory

After the election of Obama, many believed that we would see a surge in alternative energy stock prices, but this did not happen. As reviewed in a Renewable Energy World article “of the approximately 250 alternative energy companies that the Roen Financial Report tracks, only 21 companies, or less than 9%, were gainers. In other words, losers beat gainers by a 10:1 ratio! On average, alternative energy companies were down 5.8%, with 35 companies showing double-digit losses for the week. Of the 21 gainers, fully half were volatile penny stocks with market caps less than $100 million, so those gains may change very quickly.”

“Of the six alternative energy industries — wind, solar, smart grid, efficiency, fuel alternatives and environmental companies — wind fared the worst. Only two wind companies posted a gain for the week, Pike Electric Corporation (PIKE) and the highly speculative Quantum Fuel Systems Technologies (QTWW). Otherwise, the average wind company lost 6.0% for the week.”

Overall the entire stock market was down about 4 percent and Energy sectors were down 5.1 percent. All 68 industries Fidelity lists were down the only exception was Biotechnology.

With regard to the fiscal cliff the country was right back where it started. So concerns about the fiscal cliff made investors wary, oil futures dropped and energy stocks tanked.

The alternative energy picture will improve dramatically if Washington continues to move ahead with alternative energy initiatives, particularly a carbon tax. With all the low hanging fruit out there, Energy Efficiency companies may benefit the most.

© 2012, Richard Matthews. All rights reserved.

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The CERINA Investment Model from IWR

The CERINA plan (CO2 Emissions and Renewable Investment Action Plan) is an investment model by means of which CO2 emissions are compensated for through investments in renewable energy technologies. Since 2009, the German Based Renewable Energy Industry (IWR) has been determining global CO2 emissions and those of individual states using the fossil fuel energy consumption data of BP. On this basis, the amount of investment in renewable technology needed to stabilise global CO2 emissions at the current level is then computed for each country.

On the basis of an objective allocation key per metric ton of CO2, the level of investment can be specified according to the source. Countries with low emissions are required to make lower investments than are countries with high emissions.

Emissions and renewable energy investments for 65 countries in 15 languages can be found here.

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Obama Administration's Wind Energy Leases

Although the Obama administration has offered offshore oil leases, it has also announced that it is offering competitive lease sales for wind energy development in areas off the coasts of Massachusetts, Rhode Island and Virginia. What makes this announcement so important is the fact that this is the first time that a portion of the outer continental shelf will be leased for renewable energy development.

As explained in EcoWatch, the area off the coast of Virginia alone can support more than 2,000 megawatts of wind generation, which can power an estimated 700,000 homes. The areas off the coasts of Massachusetts and Rhode Island are expected to be able to support about an additional 2,000 megawatts of wind generation.

“We have enormous potential for harnessing pollution-free wind energy of our coasts, and now are closer than ever to making this vision a reality in Massachusetts, Rhode Island, and Virginia. We are thrilled that the Obama administration has announced another critical step forward for offshore wind development and look forward to continuing to work with state and federal leaders to see turbines spinning off our coasts soon,” said Courtney Abrams, Environment America’s federal clean energy advocate.

“Tapping into the power of our offshore wind resources is vital to ensuring a future with cleaner air and fewer extreme weather events. Along the Atlantic coast alone, reaching the Department of Energy’s goal of 54 gigawatts of offshore wind power would reduce global warming pollution by the equivalent of taking roughly 18 million cars off the road. Meeting this benchmark would also generate $200 billion in new economic activity while creating more than 43,000 permanent, high-paying jobs in manufacturing, construction, engineering, operations and maintenance, according to the National Renewable Energy Laboratory.

“We applaud this step forward and the Obama administration for their leadership in ensuring that responsibly-sited offshore wind becomes a reality in the United States as soon as possible.”

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Infrastructure Summit 2012: New Policy Technology and Finance (Event)

The Infrastructure Summit will take place on November 6th 2012 in London, UK and will once again bring together 150 leading policy-makers, business, academics and experts from transport, energy and digital communications. The event will explore new approaches to infrastructure and takes a strategic view of infrastructure opportunities in Europe and the UK.

As Europe's economy stagnates, infrastructure development offers one of the critical devices to generate growth. Yet we need new ideas. Traditional approaches are simply not working. We need to rethink our policies, embrace new opportunities offered by technology and rethink how we finance these.

Issues to be discussed:
  • Why infrastructure development will give Europe the necessary economic stimulus. 
  • Where the necessary public policy reforms have already been made or will be made, in short: where to invest. 
  • How policies must change to give the right impetus to technological innovation and private investment. The new, cutting-edge technologies, how to integrate them, how this will help move ahead of the competition, increase efficiencies of infrastructure systems and cut costs. 
  • The new approaches and strategies that are already here or will generate smart, sustainable growth across the continent. 
  • This includes, how to take an integrated approach amongst public and private sector stakeholders across EU, national and regional levels. 
  • How to finance infrastructure development whilst government budgets are stretched. 


For more information click here.

Green Energy Business Seminar & Trade Show: Sustainable Growth for Northern Virginia (Event)

A Green Energy Business Seminar with be taking place on November 1, 2012, from 8:00 AM to 11:30 AM at the Mason Inn Conference Center in Virginia. The strategic seminar is subtitled "Sustainable Growth for Northern Virginia." The event is being conducted by Relerience, a green energy consulting company.

The Seminar will address the development of green business plans and offer strategic guidance in eight key areas.


Business plans are intended to help companies:

• Implement green energy solutions
• Implement energy management strategies
• Optimize resources
• Gain access to capital
• Comply with industry & government requirements
• Attract more revenue
• Achieve business growth
• Create jobs

Goals for the Green Energy Business Seminar:

To support business growth and job creation through Green Business Plans.
To support relationship-building and economic growth in the Northern Virginia business community.

The guest speaker for the event is Terry McAuliffe, the Chairman of GreenTech Automotive, a U.S.-based automotive manufacturer dedicated to developing and producing environmentally-friendly, energy-efficient vehicles. McAuliffe has been a long-time investor and promoter of affordable green energy projects. McAuliffe has been a business leader and entrepreneur for nearly four decades. In addition, he was elected Chairman of the Democratic National Committee from 2001 to 2005. He also served as Chairman of the 2008 Hillary Clinton Presidential campaign. In 2009, he ran for Governor of the State of Virginia. McAuliffe received a Juris Doctor degree from Georgetown University School of Law and a Bachelors degree from The Catholic University of America in Washington, D.C. He lives in McLean, Virginia. Learn more about McAuliffe.

Agenda:

8:00 AM – 11:30 AM: Exhibit Hall is open

8:00 AM – 8:30 AM: Breakfast and Networking

8:30 AM – 9:00 AM: Opening Remarks

9:00 AM – 10:00 AM: Part I: What is a Green Energy Business in 2013 and beyond?

10:00 AM– 10:15 AM: Remarks by Terry McAuliffe (of GreenTech Automotive) regarding Green Energy & Transportation

10:15 AM – 11:00 AM: Part II: Green Energy Business Plans

11:00 AM – 11:30 AM: Networking Session & Lunch
Throughout the Seminar: Exhibit Hall is open during the entire Seminar

Attendees:

Over 400 executive leaders and business owners are expected to attend the Green Energy Business Seminar.

Attendees include:

• Companies seeking alternative strategies to grow their customer base and increase cash flow.

• Companies interested in implementing green energy initiatives to increase their revenue.

• Companies interested in energy management strategies to increase access to capital.

• Defense contractors, restaurants, hotels, franchises, manufacturers, retailers, technology firms, transportation companies, car dealerships, commercial banks, and health care facilities.

Register:

• $55 to register.

• $35 Online Seminar Option.

Attendees interested in viewing the Seminar live, online (rather than in-person), may register for $35. Presentation materials will be made available in electronic format during the Seminar and immediately thereafter.

For more information click here.

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The International Sustainable Energy Summit (Event)

The International Sustainable Energy Summit (ISES) will take place on November 7 & 8 in Kuala Lumpur, Malaysia. SEDA Malaysia is organising its inaugural ISES event at the Putrajaya Marriott Hotel.

Recognizing the increasingly prominent role that RE and EE play in the world, ISES 2012 aims to share good practices and help identify means of providing necessary know-how, technology and financing for transformation towards energy independence and sustainable development. ISES 2012 also provides a platform and opportunity for RE and EE industry professionals in Malaysia and the world to meet, discuss and get latest updates and related issues on sustainable energy in Malaysia.

The theme of ISES 2012, Empowering Nations via Sustainable Energy is timely as we seek alternative energy sources to reduce our dependence on fossil fuel and transform the energy sector to encompass efficient, clean and renewable sources of energy. SEDA Malaysia will provide updates on the latest development RE and EE in the country with respect to the legal framework and the implementation.

Other notable topics presented by renowned speaker from all over the world will include green financing, renewable energy and energy efficiency.

To register click here to download the registration form (pdf).

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The Biofuels Pipedream

First generation biofuels have been widely criticized, but even second, third and fourth generation biofuels have uncertain technical, economic and environmental viability. A full assessment of the environmental costs of biofuels reveals that the vast majority do not make sense. For biofuels to be a truly feasible alternative to oil, life cycle analysis must take into account not only CO2, but all the associated environmental impacts. The total environmental impacts of biofuel go far beyond the GHGs released by combustion, they must include a host of factors including the impacts they have on biodiversity.

Many are counting on biofuels to contribute substantially to addressing future energy demands. The EU has proposed that 10 percent of all fuel used in transport should come from biofuels by 2020 and the emerging global market is expected to be worth hundreds of billions of dollars a year in the next couple of decades.

The research shows that biofuels are increasingly in demand. In a 2011 report titled Biofuels Markets and Technologies, Pike Research estimates that production of biofuels will increase from $82.7 billion in 2011 to $185.3 billion by 2021. The report goes on to predict that supply will not be able to keep up with demand.

On January 18th, 2012, BP released Energy Outlook 2030, its official corporate view of the future of energy. At the release event in London, BP’s CEO Bob Dudley outlined what he called the “great potential” of biofuels, but Dudley added, “the world needs to focus on biofuels that do not compete with the food chain and are produced in a sustainable way.”

First Generation

First-generation biofuels rely on food crops (e.g.: corn, soy, palm and sugarcane), which have readily accessible sugars, starches and oils. First generation biofuels have been based almost exclusively on conventional fermentation or esterification processes. The problems with first-generation biofuels include net energy losses, GHG emissions, increased food prices and even mass starvation. Further, the increased production of ethanol results in deforestation and more carbon dioxide, a large water footprint, and negatively impacted water quality. It is clear that first generation biofuels are a losing proposition environmentally and economically.

When everything is factored into the equation, using biofuels made from feedstocks like corn, sugar cane and soy may have a greater environmental impact than burning fossil fuels. As summarized in Michael Grunwald’s article The Clean Energy Scam, “ethanol increases global warming, destroys forests, and inflates food prices”.

Second Generation

Second generation biofuels like cellulosic ethanol are not yet commercially available, but believers contend they may significantly alter the energy equation. Second-generation biofuels use non-food feed stock like cellulosic biomass (e.g. grasses, reeds and agricultural residue such as corn stalks). The processing of cellulosic biomass uses enzymes to breakdown the feedstock’s cellulose into sugar and it is then fermented. Alternatively, a thermo-chemical approach gasifies the biomass and then liquefies it in a process known as “biomass-to-liquid.”

Early in 2012, the Advanced Biofuels Association claimed “cellulosic ethanol and advanced biofuels industry is on the cusp of a major increase in scale that will prove critics of the effort to increase biofuels production in the US wrong.” In a recent interview, BP Biofuels North America President Sue Ellerbusch claimed that biofuel manufacturers are “right on the cusp of told you so.” Ellerbusch claims that BP is making sufficient progress that “over time we’ll have an industry that can compete head-on with fossil fuels.”

Research presented by Jeanette Whitaker of the Centre for Ecology and Hydrology in Lancaster, UK, finds that second generation biofuels hold substantially more promise than ethanol made from food-based feedstocks.

In 2009, scientists touted bio char as a potential source of biofuel. Early lab results were promising, suggesting that biochar would lead to less carbon in the atmosphere while also improving crops and soil fertility.

Also in 2009, North Carolina State University researchers Dr. Anne Stomp and Dr. Jay Cheng indicated that they believe duckweed was the key to better ethanol production. Using wastewater for growth, duckweed can create ethanol both faster and cheaper than corn-based ethanol.

Another possible feedstock for the production of biofuel is grass. In 2010, the Carbon Trust started working with the University of York to research how they could use microwave technology to turn garden and wood waste into biofuel. This new biofuel reportedly has a carbon footprint that could save “95 per cent of carbon compared to fossil fuels”.

Early in 2012, researchers indicated that camelina may be the best feedstock for biofuel. Camelina is a low-cost feedstock that has high energy, is non-food, uses marginal land and requires no irrigation. Boeing is already using biofuel derived from camelina for some of its planes.

Also in 2012, a company called DSM announced that it has developed yeast and enzyme solutions that increase biomass conversion rates and make the technology commercially viable.

However, there is a dark lining to these silver clouds. The United Nations has indicated that some of the non-food crops used for the creation of the fuel risk billions of dollars in damages to general agriculture. They cite a scientific report which warns that should invasive species spread, potential damages could easily reach $1.4 trillion annually.

Third Generation

Rather than improving the fuel-making process, third-generation biofuels seek to improve the feedstock. The most viable third-generation biofuels are largely based on fuels extracted from algae cultivated in water. Profitable biodiesel production derived from algae are not expected until at least 2016, but by some estimates, they could account for a third of biofuel production as early as 2022.

Algae may be able to reduce greenhouse gas emissions and serve as a feedstock for biodiesel production. Algae consume carbon dioxide (CO2) for normal growth during photosynthesis, making it a promising sink for carbon dioxide from power, chemical and fermentation projects.

Some reports indicate that algae based fuel can represent up to 30 times more energy per acre than more common crops. While others suggest the yields of oil from algae are 10-100 times more than competing energy crops.

Some strains of algae can produce 50% of their weight of oil, which is far better than rapeseed (which might yield a tonne of biodiesel per hectare), or palm oil (8 tonnes per hectare). Some estimate that as much as 40 – 90 tonnes per hectare is possible from algae. Algae grown in ponds can in principle be placed anywhere and there is no need to use arable land for them. Some algae grow well in salt-water, which conserves freshwater, whereas growing crops requires enormous quantities of freshwater.

Growing algae could become cost-effective if it is combined with environmental clean-up strategies like sewage wastewater treatment and reducing CO2 emissions from smokestacks of fossil-fuelled power stations or cement factories.

Algae biofuel pioneer OriginOil is behind a 2009 “breakthrough” in the quest to cost-effectively extract a renewable biofuel from algae.

A study published in 2012 confirms that algal biofuels are a legitimate solution to efforts to combat lifecycle GHG emissions. The study is known as Environmental Science and Technology by ExxonMobil Research and Engineering, MIT and Synthetic Genomics. The study found that when produced in large volumes, algae has the potential to produce huge amounts of fuel per unit area of production.

The study also found that algal biofuels in saline systems using brackish makeup water can have freshwater consumption that compares to gasoline. Through a process known as “wet extraction”, there is potential for more than 50 per cent reductions in GHG emissions.

Given algae’s high oil yield, it’s estimated that about 1 percent of today’s 1 billion U.S. farm and grazing acres (as land, pond, or ocean space) could produce enough algae to replace all petroleum diesel fuel consumed in the U.S.

However, the research on algae as a biofuel is inconclusive. CSU mechanical engineering professors Anthony Marchese and Azer Yalin are amongst the researchers who are examining exactly what gases are emitted when algae oil burns. The CSU team seeks to understand how gases like nitrogen oxides (NOx) emissions are produced from burning biofuel. The outcome of their research will go a long way to determine the viability of algae as a feedstock for biofuel.

Professor Chris Rhodes is a writer and researcher who has reservations about the feasibility of algae as a feedstock for biofuel (it should be stressed that Rhodes is also a climate denier). The reason he claims he is bearish about algae is due to insufficient global rock phosphate reserves. These phosphates are required to grow algae.

The high hopes many have for algae as a biofuel may never come to fruition. According to a 2009 article by GWIR’s Thomas Schueneman titled Algae Biofuels – The Hype, the Hope, the Promise, the buzz around algae based biofuel “is wild-eyed optimism and pure hype.”

Fourth Generation

Fourth-generation technology combines genetically optimized feedstocks, which are designed to capture large amounts of carbon with genomically synthesized microbes, which are made to efficiently make fuels. Key to the process is the capture and sequestration of CO2, making them carbon neutral fuels.

Dr. J. Craig Venter said his Synthetic Genomics could lead to improvements in biofuels by letting scientists design feedstocks that capture more carbon. Venter is an American biologist who was one of the first to sequence the human genome and he is working to develop cells with a synthetic genome. His company plans to combine the processes of feedstock growth and fuel processing by designing organisms that will inhale CO2 and excrete sugars. The research was published in the Proceedings of the National Academy of Sciences. Venter’s teams are now using this knowledge to see if new biofuels can be efficiently developed.

Advanced Reactors

As reported in January 2012 issue of the journal Energy & Environmental Science and highlighted in Nature Chemistry, a team of chemical engineers at the University of Massachusetts Amherst has discovered reactions occurring within wood that could serve as the basis for designing advanced biofuel reactors. The “mini-cellulose” molecule, called ?-cyclodextrin, solves one of the major roadblocks confronting high-temperature biofuels processes such as pyrolysis or gasification. Paul Dauenhauer, assistant professor of chemical engineering and leader of the UMass Amherst research team, says that by creating reaction models of wood conversion, the scientists can design biomass reactors to optimize the specific reactions that are ideal for production of biofuels

Conclusion

Genetic modification and feedstock optimization may improve the outlook for non-food feedstock pathways and may expedite commercialization.

In the absence of a proven feedstock or production process, biofuels have been oversold by industry and politicians. Biofuels cannot solve all our energy problems on their own and the belief that they will leads to a false sense of security. The unwarranted faith in biofuels detracts from crucially important efficiency initiatives and undermines efforts to ramp-up abundant, truly renewable sources of energy like wind, solar and geothermal.

Source: Global Warming is Real

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Breakdown of Obama's Clean Energy & Efficiency Budget for 2013

The President's $3.8 trillion budget for fiscal year 2013, includes $6.7 billion for clean energy programs. According to a White House press release, this represents a 13 percent increase over the last enacted budget. (See the bottom of the page for a detailed breakdown of the President's 2013 budget proposal for clean energy and efficiency).

A total of $2.3 billion is directed towards the DOE’s office of energy efficiency and renewable energy projects. The DOE projects are known as EERE. EERE’s and their goal is to make clean energy cost-competitive with conventional sources. They also seek to make American businesses more energy efficient.

Although there is no new money for the DOE loan guarantee program, there is a plan to reauthorize $5 billion in new tax credits for clean energy manufacturers.

Obama also wants to cut $4 billion in yearly tax breaks for big oil, gas and coal companies over the next ten years.

Predictably conservative Republicans reject the budget and they are demanding deep cuts to existing clean energy programs.

Breakdown

DEPARTMENT OF ENERGY
  • Energy efficiency/green buildings $740 million
  • Electric cars/alternative transportation $430 million
  • Advanced Research Projects Agency - E (ARPA-E) $350 million
  • Solar energy $310 million
  • Biomass/renewable fuels refineries $270 million
  • Wind energy $95 million
  • Permitting and review for projects on public lands (Dept of Interior) $86 million
  • Hydrogen and fuel cell technologies $80 million
  • Geothermal energy $65 million
  • State energy programs (i.e. energy audits, electric car tax breaks) $49 million
  • Smart grid/energy storage $44 million
  • Clean energy transmission lines $24 million
  • Hydropower $20 million
  • Clean energy projects on Native lands $7 million
  • Nuclear energy $770 million
  • Carbon capture and storage (CCS) $276 million
  • Natural gas drilling study $17 million
DEPARTMENT OF DEFENSE
  • Energy conservation/renewables deployment at military buildings $1 billion
© 2012, Richard Matthews. All rights reserved.

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