Saturday, June 30, 2007

Clean Energy Quick Clicks

Morgan Stanley is optimistic about the future of ethanol investments, while Citi Alternative Investments argues that investors need to be much more cautious. Check out CNNMoney.com for full article.

  • British oil company BP and U.S. chemical company DuPont have teamed up to build a plant in northeast England that will make fuel from wheat. The companies will also build an adjacent facility to produce and research biobutanol, which has a higher energy content than ethanol but is very expensive to manufacture. The UK requires 5 percent of motor fuels to come from renewable sources by 2010.
  • The U.S. Department of Energy will invest $4 million in new wind turbine blade testing facilities, according to Renewable Energy Access. Groups in Texas and Massachusetts will receive $2 million each in equipment for testing the next generation of turbine blades, with the ultimate goal of testing blades up to 330 feet in length. Facilities are expected to be operational in 2009.
  • India is exploring the use of solar power generation stations in space to deliver energy to the nation. One of the pioneers of solar energy from space noted at a conference, "The sun's intensity in space is nearly twice what we feel here on the Earth's surface....We need to have our own solar power station in orbit." A "hyperplane," which would transport the solar power construction materials into space, will make a test flight at the end of 2008.

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