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Energy & Utilities NewsPetroChina profits fall 34.5 per centPetroChina posted a 34.5 per cent fall in first-half earnings after refining losses and windfall taxes dented gains from soaring crude prices
PetroChina profits fall 34.5 per centPetroChina posted a 34.5 per cent fall in first-half earnings after refining losses and windfall taxes dented gains from soaring crude prices
REC Solar Partners with MySpace to Recharge the Democratic National ConventionREC Solar (www.recsolar.com), an industry-leading provider of residential and commercial solar electric systems, has teamed up with MySpace.com (www.myspace.com) to acquaint Democratic convention participants with solar energy through a solar-powered recharging station fueled entirely by the sun. Home to the 2008 Democratic National Convention, Denver, Colorado proudly boasts over 300 days of sunshine per year.
GreenHunter Wins Auction for WCI Transmission Line CapacityGreenHunter Wind Energy LLC, a wholly-owned subsidiary of GreenHunter Energy Inc. announced that it has won new power transmission capacity on the soon to be built Wyoming-Colorado Intertie (WCI) power transmission line through an auction. The WCI power transmission line will be the first transmission line built in this region of the U.S. in more than five years.
SolarGenerations Program Expands to Include Wind & HydroSierra Pacific Power and Nevada Power Company have announced that they are expanding their SolarGenerations renewable energy programs to include cash incentives for wind and hydroelectric power systems as well as solar photovoltaic (PV) systems. Both Nevada utilities are wholly-owned subsidiaries of Sierra Pacific Resources.
Joint Venture To Deploy Compressed Air Energy Storage PlantsPSEG Global LLC and energy storage pioneer Dr. Michael Nakhamkin announced that they have formed Energy Storage and Power LLC (ES&P), a joint venture to exclusively market, license, support the development and supervise project execution of the second generation of Compressed Air Energy Storage (CAES) technology.
EGIA & CPF Announce Financing PartnershipThe Electric & Gas Industries Association (EGIA) and Clean Power Finance Inc. (CPF) announced their partnership to add business and residential energy efficiency and solar secured project financing to EGIA's GEOSmart Sustainable Financing Solutions.
REC Chooses Quebec For Silicon ExpansionRenewable Energy Corporation ASA (REC) announced that is has chosen Becancour, Quebec as the site for its next phase of polysilicon production expansions. The site will be developed in stages and could potentially hold four production units similar in size to the factory that the company is currently finishing in Moses Lake, Washington State.
Algae: Biofuel of the Future?In the world of alternative fuels, there may be nothing greener than pond scum. Algae are tiny biological factories that use photosynthesis to transform carbon dioxide and sunlight into energy so efficiently that they can double their weight several times a day.
Gold and crude rally but base metals declineOil prices rose yesterday amid supply concerns, helping gold to rally, but base metals surrendered some of last weeks gains and staged a broad retreat. Fears that the...
John Wood upbeat over futureAllister Langlands, chief executive, says oil companies are expected to spend more on new prospects and maximising production from existing fields
Aggreko buoyed by emerging market demandPhilip Rogerson, chairmanof Aggreko, has said he expects the full-year performance from the world's largest provider of mobile generators will exceed expectation
Cairn Energy targets GreenlandCairn Energy is looking to expand its exploration activities in new territories such as Greenland as it seeks to repeat the success of its fields in India
Sinopec sees drop in domestic oil demandSinopec, Asia's largest refiner, warned that China's domestic demand for oil products would fall in the second half of the year
US could become net exporter while demand for gasoline fallsThe US could become a net exporter of gasoline by 2010, according to Booz & Company, the global management consultancy
Temasek eyes energy investmentsMartin Dee, head of the international division at the Singapore state investment company, says Temasek is also targeting emerging markets
Imperial recommend £1.4bn ONGC bidImperial Energy, the oil exploration group with most of its operations in Russia, is preparing to recommend a £1.4bn offer from ONGC Videsh, the state-controlled Indian energy group
Rio Tinto bolsters defences with record profitsThe dual-listed mining company repeated its assertion that rival BHP's offer undervalued the group's assets as it reported a record set of earnings and increased its dividend by more than 30%
SunWize Technologies Moves its Distributed Power Group Headquarters to San Jose, CA - Participates in San Jose's Green VisionSunWize Technologies, Inc. has recently moved the headquarters for its Distributed Power Group to downtown San Jose. SunWize Technologies represents yet another leading Clean Tech company attracted to San Jose by the city's Green Vision initiative and downtown redevelopment incentives.
Solar Power Showcased at Democratic National ConventionAn 18.2 kilowatt solar power system has been installed on the grounds of the Pepsi Center, home of the 2008 Democratic National Convention, it was announced today by AeonSolar, Evergreen Solar and PV Powered, each of which was involved in the system installation. The goal of incorporating solar energy into the DNC is to highlight the importance of solar energy and its potential to help meet the nation's energy needs while addressing concerns about the environment and global warming. The solar installation is part of the DNC's commitment to build the most environmentally sustainable Democratic Convention in history.
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