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Energy Industry Archive

June 2009

GreenHunter Puts 'For Sale' Sign on Biodiesel Refinery

By Kirsten Korosec | Jun 24, 2009

GreenHunter Energy has joined the growing list of U.S. biodiesel companies struggling with European tariffs on exports and low oil prices. Just last year the company opened a massive biodiesel refinery in Texas — considered the largest in the U.S. — capable of producing 105 million gallons a year. Now that same refinery, located along the Houston Ship Channel, may be sold....

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Energy Roundup: Europe's Solar Play, Offshore Wind Flies, Climate Vote Approaching and More

By Chris Morrison | Jun 24, 2009

Europe plans massive solar power project — If $555 billion can be raised for construction, Europe could someday have a massive electrical network sending solar power from Northern African deserts to the chilly states of the EU. The Desertec consortium of 20 companies, with support from national governments, will hold its first meeting to discuss the plan on July 13. [Source: BusinessWeek...

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Exxon Dips Toe in Electric Car Market

By Kirsten Korosec | Jun 23, 2009

ExxonMobil generally doesn’t evoke the kind of “green” images typically associated with the electric car industry. It is afterall, the world’s largest publicly traded oil company, and a conservative one at that. The energy giant tends to stick with what it’s good at: making money finding, producing and selling fossil fuels. So it surprised a lot of folks when Exxon...

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Tesla Gets $465 Million Government Shot in the Arm

By Kirsten Korosec | Jun 23, 2009

It’s been a big week for Tesla Motors CEO Elon Musk. And it’s only Tuesday. Musk started the week by firing off a detailed rebuttal of sorts — in a lengthy blog post — to Martin Eberhard’s lawsuit against him.  Today, Tesla received $465 million from the Department of Energy to help build its electric Model S sedan as well as manufacture electric powertrains....

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Goodbye, Blue Sky: Coal Use Will Keep Going Up

By Chris Morrison | Jun 23, 2009

President Obama has rolled over for politicians in coal states, and the coal industry is free to keep growing for at least a decade, the LA Times reports. But environmentalists still have hope of bringing down coal someday. At some point, emissions caps will force coal use to decline, especially if alternatives begin to catch up in price, right? The answer is perhaps yes, but probably no. As it...

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Duke Testing Out a Grid-Scale Battery

By Chris Morrison | Jun 23, 2009

Duke Energy’s latest project, at a Charlotte, N.C. suburb called McAlpine Creek, doesn’t look like much on paper. Some 213 solar panels, enough for just a handful of homes, have been deployed in the neighborhood with a few thousand smart meters. Along with them, though, is a 500 kilowatt zinc-bromide battery, which substantially outweighs the 50KW output of the panels. The...

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Putting a Cost on Cap-and-Trade Legislation

By Kirsten Korosec | Jun 22, 2009

Determining the cost of cap-and-trade legislation on U.S. households is one of those inextricable tasks that promises to produce disputed and controversial results. So there was some reason to breathe a sigh of relief — albeit a small one — when the non-partisan Congressional Budget Office issued its report late Friday on the cost of cap-and-trade legislation included in the...

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Energy Roundup: Google's Plug-In Vehicle Software, Valero Loses Refinery Bid, Cash-for-Clunkers a 'Go', and More

By Kirsten Korosec | Jun 19, 2009

Google developing smart-charging software for plug-in vehicles – Google is developing software that will better manage how plug-in electric cars are charged in an effort to smooth out demand for electricity and keep excessive loads off the power grid. There’s a concern that as more plug-in electric vehicles hit the road, drivers will charge during peak hours — typically...

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NRG's Winning Strategy Against a Hostile Bid

By Chris Morrison | Jun 19, 2009

Power plant operator NRG says that a hostile bid made by Exelon, a larger rival, to acquire the company significantly undervalues it. To prove it, NRG has been going gangbusters for months at racking up deals and partnerships. It’s going out of its way to secure a place in the new, renewable energy-based economy, and doing so in a very public way. Is the strategy working? The answer, of...

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Deutsche Bank's Carbon Counter and the Business of Greenhouse Gases

By Kirsten Korosec | Jun 18, 2009

Deutsche Bank’s ginormous “Carbon Counter” — unveiled Thursday in New York City — is the type of in-your-face campaign passers-by will find nearly impossible to ignore. The towering electronic billboard — with its 13-number red digital display and ‘Climate Change Affects Everyone’ message perched on top — is more than an ever-growing tally...

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Business in the energy industry is fast paced and ever-changing. BNET Energy provides daily news coverage for managers and executives in the energy sector, with coverage on the major utilities, energy companies, clean tech and renewable energy businesses. BNET Energy offers in depth analysis of green business, the very latest in energy research, alliances and partnerships, competitive intelligence and a host of other global energy industry issues.