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Energy Roundup: Big Solar, Russian Threats, Biofuel and Solar Bankruptcies

By Chris Morrison | May 13, 2009

PG&E ups the stakes for BrightSource Energy — Major California utility Pacific Gas & Electric has increased a previous agreement with BrightSource Energy for 900 megawatts of solar thermal power to 1,310 megawatts, which would make it the largest single solar plant in the world. Although BrightSource still needs a set of government approvals for the site near Ivanpah, it hopes to have the first 110 megawatts operating by 2013. [Wall Street Journal]

Russia readies for war over energy resources — A Kremlin policy paper signed by Russian president Dmitri Medvedev suggests that the future of international relations lies in battles over energy, principally oil and gas. They’re not just talking about diplomatic in-fighting, either; the paper notes that “use of military force cannot be excluded.” [Al Jazeera]

World energy supply threatened by Google, gadgets, cheeseburgers — Defending its rising share of energy use, web search company Google said on its blog that making a single cheeseburger consumes as much energy as 15,000 searches — although it doesn’t mention that yearly searches are at 60 billion and growing. Meanwhile, the International Energy Agency warned that the rising requirements of the world’s devices of all types are a threat to world energy security. [PaidContent, SmartMoney]

Greenfuel Technologies finally shuts its doors — One of the first companies to promise biofuels from algae, Greenfuel Technologies has spent the last few years struggling to prove itself. The company is closing now, a self-declared “victim of the credit crunch”. Unmentioned is the fact that neither Greenfuel’s technology nor any other using algae has proven cost-competitive with gasoline, or even other biofuels. [Greentech Media]

DayStar Technologies ready to go under — One of many CIGS thin-film solar producers, DayStar Technologies has found itself losing money and unable to raise more. The company’s CEO has also resigned, a third of the staff is to be laid off and the company may soon file for bankruptcy. [PV-tech]

Pacific Ethanol reiterates bankruptcy warning — In a final piece of bad news, major West Coast ethanol producer Pacific Ethanol proven unable to raise additional capital over the past month, and its sales have continued to fall. The company needs more money in the “very near-term” to prevent bankruptcy — so, barring a miracle, expect to see a filing soon. [Central Valley Business Times]

Chris Morrison, a reporter on energy, renewables and climate change, is the former lead cleantech writer for VentureBeat. Follow him on Twitter.

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  • PG&E, BrightSource Solar Deal Now World’s Largest at 1,310 MW

    Earth2tech.com - 195 days 14 hours 59 minutes ago

    Holy solar thermal deal — northern California utility PG&E says it has expanded its already huge purchase agreement with startup BrightSource from 900 MW of solar thermal power to a whopping 1,310 MW. That makes the deal “the largest solar deal in the world,” says BrightSource CEO John Woolard on PG&E’s blog. The previous...

  • BrightSource gets some backup from Bechtel for 440 MW of solar

    VentureBeat - 76 days 12 hours 19 minutes ago

    BrightSource Energy, developer of large-scale solar thermal plants, has contracted engineering giant Bechtel to build its $3 billion Ivanpah Solar Energy Generating System in California — a complex of three solar plants expected to produce 440 megawatts (enough to power about 330,000 homes). Bechtel will also be investing equity in the project...

  • A Rare Peek at Green Energy Economics

    New York Times - 92 days 19 hours 53 minutes ago

    California regulators have approved contracts for more than 8,600 megawatts of renewable energy, to be generated mostly by big solar power plants for the state’s largest utilities. But the details of those deals and the emerging economics of green energy often remain shrouded in secrecy, subject to confidentiality agreements. That black box...

  • Solar energy 'power towers' to light up California

    CNET News - 286 days 18 hours 36 minutes ago

    Utility Southern California Edison on Wednesday announced a giant solar energy contract with BrightSource Energy which could eventually power 845,000 homes with the sun's energy.Through a series of seven projects, SCE intends to purchase up to 1,300 megawatts of electricity from BrightSource Energy's solar towers that use heat to produce...

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    Fortune - 287 days 1 hour 50 minutes ago

    A ray of sunshine amid the economic gloom: While some solar companies struggle through the downturn, BrightSource Energy on Wednesday morning announced the world's largest solar energy deal to date - a 20-year contract to supply utility Southern California Edison with 1,300 megawatts of greenhouse gas-free electricity. That's more than twice the...

 

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