Tag Archives: Husk Power Systems

The Week In Green Energy: The Tipping Point

Week of June 1 – to – June 4, 2010

The first week in June could well go down in history as the moment energy and climate legislation in the U.S. reached its tipping point. President Barack Obama, speaking at Carnegie-Mellon University in Pittsburgh on Wednesday, said that he was committed to getting the John Kerry and Joseph Lieberman-sponsored American Power Act passed – the first time he has hitched his political fortunes to the bill. “I want you to know, the votes may not be there right now, but I intend to find them in the coming months,” Obama said of the bill. The reason for Obama’s belated devotion to wrangling votes  is, of course, the gusher in the Gulf, which has continued unabated now since April 20. But there was a noticeable shift in the tone of The White House in the past week, as BP’s efforts to stem the flow have again floundered and assurances from company executives have proved to be overly optimistic or misleading. BP head Tony Hayward, for example, said that the “Top Kill” maneuver that failed last week had a 60-70 percent chance of success. Even promising results from the newest try at the containment dome can’t help BP now.

Continue reading The Week In Green Energy: The Tipping Point

The Week In Green Energy: Tracking The Green Dollar

Week of April 12 – to – April 16, 2010

This week, industry groups released a slew of optimistic reports that highlighted the robust health of the U.S. clean energy sector. In 2009, U.S. solar capacity grew by 29 percent, according to the Solar Energy Industry Association. Wind, according to the American Wind Energy Association, was up by 40 percent. Geothermal capacity increased by a more modest six percent for the year, said the Geothermal Energy Association.

Those positive numbers were largely expected considering the unprecedented stimulus money that flowed into the sector since the Obama administration took over more than a year ago.  Wind and solar developers (and project finance banks) have flocked to programs like the 1603 direct cash-grants, implemented in lieu of the investment tax credits. Indeed, with bank credit committees more selective these days, having government dollars helps.

Continue reading The Week In Green Energy: Tracking The Green Dollar

This Week In Green Energy: Wheres The Money? …In Washington!

Capitol Building -- Washington DC

For cleantech companies Washington has become a crucial financial partner.

In the post-Lehman/global financial meltdown era it’s been repeatedly said that the money power has left Wall Street for the shores of the Potomac in Washington.

This is not just a talking point, but a stark reality for whole industries — the renewable energy sector among them– which have come to rely on Washington for their mid-to-long-term survival.

The government’s pivotal role as a funder of last and first resort was glaringly apparent this week with the announcement that BrightSource Energy was offered a $1.37 billion loan guarantee (if it meets certain conditions) from the Department of Energy. The BrightSource loan guarantee dwarfs the $535 million thin-film photovoltaic cell maker Solyndra got last year, which, until now, was the largest such loan guarantee. Continue reading This Week In Green Energy: Wheres The Money? …In Washington!

This Week In Green Energy: Where?s The Money? ?In Washington!

Capitol Building -- Washington DC

In the post-Lehman/global financial meltdown era it’s been repeatedly said that the money power has left Wall Street for the shores of the Potomac in Washington.

This is not just a talking point, but a stark reality for whole industries — the renewable energy sector among them– which have come to rely on Washington for their mid-to-long-term survival.

The government’s pivotal role as a funder of last and first resort was glaringly apparent this week with the announcement that BrightSource Energy was offered a $1.37 billion loan guarantee (if it meets certain conditions) from the Department of Energy. The BrightSource loan guarantee dwarfs the $535 million thin-film photovoltaic cell maker Solyndra got last year, which, until now, was the largest such loan guarantee. Continue reading This Week In Green Energy: Where?s The Money? ?In Washington!

Renewable Energy Financing and Rice-Powered Electricity

The theme of this year’s Renewable Energy World Conference in Austin, Texas, which we’re attending, is: “Power Shift.”

And indeed, over the past three-to-five years, a shift has occurred in the energy sector as renewable energy?has evolved from a lifestyle into a growth sector. But the question remains: Will it become a long-term industry? It’s certainly on its way. However, a lingering issue is access to capital, something we?ve talked about before. Continue reading Renewable Energy Financing and Rice-Powered Electricity