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Samsung Invests CAN $7B in Ontario Wind and Solar

From Renewable Energy World:

This week, a consortium led by Samsung C&T Corporation and the Korea Electric Power Corporation (KEPCO) announced that it plans to invest CAN $7 billion to generate 2,500 megawatts of wind and solar power in Ontario, Canada.

According to the terms of the green energy investment agreement, Samsung C&T and KEPCO will establish and operate a series of wind and solar power clusters over the next 20 years. The clusters, which will be built in several locations throughout the province, will eventually include wind turbines that will generate up to 2,000 MW as well as solar power facilities that will generate up to 500 MW.

The entire project will have a combined power-generating capacity of 2.5 GW by 2016, producing energy equivalent to four per cent of Ontario`s total electricity consumption.

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January 24, 2010 Posted by | Investment, renewable energy, Solar, Wind | Leave a comment

From Trash to Treasure

dsc_0752_610x407Next time your boss sees you throwing away his memo, tell him you’re doing it to help the environment. Unload the break room fridge into the garbage, and you’ll power the office for an hour or two. Surely, your hungry co-workers can’t stay mad at you knowing you are just trying to do your part.

IST Energy Corp. has launched its new product, the GEM3T120, a waste-to-energy system in the consumer market that cleanly converts trash into electricity and heat.

Perfect for office buildings, hospitals, and much more, the GEM3T120 can process up to three tons of paper, plastic, food, wood and agricultural materials daily into pellets. At full capacity, the resulting energy from these pellets is enough to power and heat a 200,000 square foot building housing more than 500 people. With no disposal costs for the waste it processes and the energy produced, IST estimates the GEM creates an annual energy cost savings of about $250,000.

The GEM can save consumers big bucks, but the benefits of using the system are not only financial. The GEM is eco-friendly and carbon negative, diminishing greenhouse gases by 540 tons annually. In fact, the system powers itself with the clean energy it produces.

Stu Haber, president and CEO of IST Energy says: “The GEM has created a value for every bag of trash we generate – first by eliminating the need for disposal and then by converting it into energy.”

Read more from livescience.com

July 20, 2009 Posted by | Alternative Energy, Carbon, Clean Tech, renewable energy | , , , , , , , , , | Leave a comment

Oregon Tech Powers Up Geothermal Plant on Campus

campusCollege students have long been at the forefront of political and environmental change. The bright young minds at the Oregon Institute of Technology are no different, demanding sustainability efforts put into place by their school.

The Oregon Tech administration finally complied, accommodating their students’ wishes by outlining a plan to build a $7.6 million geothermal power plant on campus.

The plant will become the sole power source for the school in a few years, making Oregon Tech the only university to be powered completely by geothermal energy.

Since Klamath Falls, the home of Oregon Tech, sits near a fault line, heat and energy can be easily extracted from the earth.

In addition, the city of Klamath Falls operates a geothermal heating utility, using the energy to heat buildings, melt snow on the streets, and more.

Read more from cleantechnica.com

July 13, 2009 Posted by | Alternative Energy, Clean Tech, Geothermal, renewable energy | , , , , , , , , , , , , , | Leave a comment

The Coal Industry: Misguided Priorities

clean coal housesAs the world shifts its ideological views from cheaper to greener, how do the folks running the coal industry, possibly the dirtiest business in the world, react? Do they clean up their product? Do they produce cleaner energies? Or maybe even donate money to an environmental foundation? Of course not.

Instead, the American Coalition for Clean Coal Electricity (ACCCE) spent a staggering $45 million last year on their “America’s Power” campaign, which many believe is a deception touting the benefits of so-called “clean coal.” And if that weren’t enough, the coal and electric industries spent a jaw-dropping $125 million lobbying against federal legislation promoting clean energy and a cap on global warming pollution.

As these industries spend millions running ads implying that carbon capture and storage (CCS) is here or just around the corner, the industry refuses to spend much of anything to turn its overheated rhetoric into reality. And it’s not for lack of funds. The 48 companies that make up the ACCCE front group earned a combined $57 billion in profits in 2007 alone, yet over a period of several years they have invested just $3.5 billion in research into CCS.

Find out more at alternet.org

July 13, 2009 Posted by | Alternative Energy, Carbon, renewable energy | Leave a comment

U.S. Government Flowing $3 Billion to Renewable Energy Projects

dollar-sign-money-bag-1The U.S. Department of the Treasury and the U.S. Department of Energy on Thursday announced that an estimated US $3 billion will be made available for the development of renewable energy projects around the country and made issued the guidance businesses will need to submit a successful application.

Funded through the American Recovery and Reinvestment Act (Recovery Act), the program will provide direct payments in lieu of tax credits in support of an estimated 5,000 bio-mass, solar, wind, and other types of renewable energy production facilities.

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July 11, 2009 Posted by | Alternative Energy, Clean Tech, Investment, renewable energy, Solar, Wind | , , , , , , , , , | Leave a comment