fossil fuel cost News
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EU destroys competitiveness - throws away 1.1 billion Euros per day
More wind energy will increase Europe's competitiveness, which is being undermined by increasing fossil fuel import costs. As EU Heads of State and Government meet to discuss Europe's energy policy on 22 May, they should remember that the EU paid 406 billion Euros for oil and gas imports in 2012 (1.1 billion Euros per day), 3.2% of its GDP. The bill has gone up by 200 billion Euros over the past ...
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Keeping the carbon in the car
The Georgia Institute of Technology wants to make a hydrogen-fueled vehicle that separates and stores carbon dioxide until it can be sequestered The Georgia Institute of Technology has thrown one more idea into the mix: a zero-emission, hydrogen-powered car that would separate carbon dioxide from liquid fuel and gather it for sequestration underground or in the ocean. Further down the line, the ...
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[Revised] Latest BTEC Webinar on Biomass Thermal Finance
Register now to attend the free webcast, “Biomass Thermal Finance: Options, steps, and resources for biomass project development,” on Wednesday, June 29 at 2PM ET by the Biomass Thermal Energy Council (BTEC), and hear from three experienced panelists on their insights into financing models for varying scales of biomass thermal projects. This is the seventh webinar in a series ...
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Prices fail to reflect fossil fuels` real costs
Forget the price of petrol at the pumps. The true cost of any fossil fuel is much greater if social costs are factored in, according to new research. A climate scientist in the US reports in Climatic Change journal that American motorists get a gallon of gasoline for at least $3.80 less than it really costs, and the price of coal-fired electricity would quadruple if consumers had to pay the real ...
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NextEra Energy`s investments in clean energy and advanced technology yield wins for customers, environment
NextEra Energy's investments of more than $38 billion in electric infrastructure over the past decade have proven that power companies can deliver a product that is low-cost, clean and reliable – all at the same time – as outlined in the company's detailed 2011 Sustainability Report, released to the public today to mark National Energy Awareness Month. "Electricity is the lifeblood ...
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Majority of New Renewables Undercut Cheapest Fossil Fuel on Cost
The share of renewable energy that achieved lower costs than the most competitive fossil fuel option doubled in 2020, a new report by the International Renewable Energy Agency (IRENA) shows. 162 gigawatts -- or 62 per cent of total renewable power generation added last year -- had lower costs than the cheapest new fossil fuel option. Renewable Power Generation Costs in 2020 shows that costs for ...
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NextEra Energy`s investments in clean energy and advanced technology yield wins for customers, environment
NextEra Energy's investments of more than $38 billion in electric infrastructure over the past decade have proven that power companies can deliver a product that is low-cost, clean and reliable – all at the same time – as outlined in the company's detailed 2011 Sustainability Report, released to the public today to mark National Energy Awareness Month. "Electricity is the lifeblood ...
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CSP groups must focus on 24-hr power, heat advantage to win mining clients
CSP developers must optimize baseload generation, solar heat production and innovative purchase contracts to gain a share of the growing mining customer market, sector experts told New Energy Update. Mining companies are increasingly turning towards solar and wind power contracts, attracted by falling costs and environmental targets. Miners typically use fossil fuel power generation, either ...
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Enerkem announces total financing reached US$90 million in 2011
Additional US$30 million recently raised MONTREAL, July 28, 2011 /PRNewswire/ - Enerkem Inc., a leading waste-to-biofuels and chemicals company, announced today the closing of US$30 million in additional financing through corporate equity (US$15.3 million) and corporate debt (US$15 million) transactions. As part of the equity financing round, The Westly Group, Fondaction CSN and Quince ...
By Enerkem
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New Report Finds Energy Efficiency is America’s Cheapest Energy Resource
According to a new report released today by ACEEE, energy efficiency is the cheapest method of providing Americans with electricity. Energy efficiency programs aimed at reducing energy waste cost utilities only about three cents per kilowatt hour, while generating the same amount of electricity from sources such as fossil fuels can cost two to three times more. “The cheapest energy is the ...
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FPL Accelerates Major Solar Energy Development Projects
Florida Power & Light Company, the largest generator of solar energy in Florida, recently announced the expansion of its near-term plans for new universal solar generation. FPL now plans to build new universal solar power plants at eight locations by early 2018 - comprising more than 2.5 million solar panels. "We have been working hard to drive down the costs of adding solar so we can ...
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Ormat enters joint development agreement with eBay Inc. for development of five-megawatt recovered energy generation power plant
Ormat Technologies, Inc.’s (NYSE: ORA) wholly owned subsidiary entered a Joint Development Agreement with eBay Inc. for the development of a five-megawatt Recovered Energy Generation (REG) power plant to be constructed in Utah. The Joint Development Agreement allows Ormat and eBay Inc. to advance negotiations on a 20-year term contract and begin preliminary development work to supply ...
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Enerkem President and CEO a Finalist for Entrepreneur Of The Year Award by Ernst & Young
Enerkem Inc., a leading waste-to-biofuels and bio-chemicals company, welcomes the nomination of its President and Chief Executive Officer, Vincent Chornet, as a finalist for Ernst & Young Entrepreneur Of The Year. "Being recognized as a finalist for this prestigious award is a great source of pride, which I wish to share with the entire Enerkem team. This honour reflects on us all and I wish ...
By Enerkem
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Guinness, Ogba Combined Heat & Power Plant
Clarke Energy is delighted to announce another two orders from Guinness Nigeria for their Ogba and Benin City breweries. Guinness commenced production in Nigeria in 1962 with the building of its Ogba brewery located in Ikeja, Lagos. This brewery was the first outside of Ireland and Great Britain. Guinness Nigeria produces Foreign Extra Stout, Guinness Extra Smooth, Malta Guinness, Harp Lager ...
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Solar thermal electricity: catching the eye of utility companies
The American Southwest has some of the greatest solar resources on the globe, it yet remains largely untapped. This trend may be changing as solar technology matures, market forces shift and concern for climate change mounts. One of the most common arguments against large-scale use of renewable energy is that it cannot produce a steady, reliable stream of energy, day and night. Ausra Inc. does ...
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UK looks to new nuclear plant to secure energy
Britain has agreed to build the country's first nuclear power plant in a generation, despite concerns raised by the Fukushima meltdown in Japan as the U.K. seeks to secure its future energy needs and cut greenhouse gas emissions. The government struck a deal with Electricite de France and a group of Chinese investors Monday to build the country's first nuclear power plant since 1995 - a ...
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States Achieve Big Savings with Energy Efficiency Targets
Energy efficiency targets implemented in half of U.S. states in 2012 saved enough electricity to power 2 million homes for a year. These are the findings of Energy Efficiency Resource Standards: A New Progress Report on State Experience, a new report released today by ACEEE, based on the most recently available data. The report also finds that most states met or exceeded their targets and that ...
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New Poll Indicates Business Support for Renewable Energy, Environmental Safeguards
Green America welcomes the release of today's poll commissioned by the American Sustainable Business Council on “Small Business Owners’ Views on Energy & Environmental Policy Reform” (bit.ly/ASBCEnergyEnvironmentPollReport). The new polling data fills a key gap in understanding the views of small business leaders on pressing energy issues confronting our nation – and the solutions needed ...
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Four Sustainability Trends to Watch in 2012
CHICAGO, Dec. 29, 2011 /PRNewswire/ -- The worldwide movement toward sustainability has made significant progress over the past half-dozen years as companies and cities have pursued strategies that balance future and current societal needs. Now, sustainable development is entering a new phase, characterized by greater alignment within and between the public and private ...
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Ocean Thermal Energy conversion and the company bringing it to market: a catalyst for saving the environment
The awareness of human induced effects on the environment has been in the public domain for nearly 200 years. Dating back to 1824, French physicist Joseph Fourier brought to light the impact of greenhouse gases on our environment. Yet since Fourier’s observation of this basic scientific truth, global carbon dioxide (CO2) levels have grown exponentially, passing the 400 parts per million ...
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