By Sam Hopkins of GreenChipStocks.com
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I’m in Washington, D.C. today for the American Council on Renewable Energy’s RETECH Expo, where I’m mining the showcases and speakers for new stock picks. Not every technology or company here will be a home-run investment. To tell the truth, many of them won’t even make it ten years without being bought out or folding…
Others will make headlines and drive market returns, … Read the rest
China’s HECIC New Energy Co., Ltd has selected GE Energy to supply wind turbines for 3 wind projects three new projects in Hebei and Shanxi Provinces. Under the agreement, GE will supply 88 1.5-megawatt wind turbines to HECIC New Energy. To make the turbines easier to connect to the grid and to improve reliability and stability, they will include GE’s Low Voltage Ride-Through and Wind Farm Management Systems technology.
GE has already supplied 895 of … Read the rest
There’s a good piece from Eric Savitz over at Barron’s discussing the loss of business Broadwind Energy (BWEN) faces following the cancellation by Boone Pickens of half of that large, $2 billion wind turbine order from GE. Broadwind supplies parts to GE for these turbines and the stock is getting hit as a result. The selling picked up yesterday and continues today with record sell volume. A return to the November lows appears inevitable.
Savitz … Read the rest
Big news this morning out of General Electric (GE) and great news for the wind industry in general. The company is announcing it will supply what will be the world’s largest wind farm in Oregon called the Sheperds Flat project run by Caithness Energy. The deal calls for 338 wind turbines from GE between 2011 and 2012 with the project generating 845MW of energy at full capacity. The project is expected to inject $16 million … Read the rest
I was just perusing the blogosphere for the latest news in the green energy space to get other view points, keep up to date with what’s going on and possibly pin point some investment ideas I haven’t thought of. I don’t think I’ll be using the TheStreet.com as a source of good info. I came across a post at TheStreet.com calling smart grid investments “not so smart”. I had to read it twice to make … Read the rest
Yesterday in the Washington Post, General Electric (GE) CEO Jeff Immelt and famed venture capitalist John Doerr wrote an op ed piece highlighting the failure of the US to take the lead in green energy and the emergence of China as the leader.
Some interesting facts:
– China cars are 35% more fuel efficient
– they spend 10x what the US does as a % of GDP on green energy
– China on track to … Read the rest
General Electric just announced that have signed a deal with the Department of Defense worth $2 million to transform a Marine base into a smart microgrid system. Under the contract, GE will set up a smart microgrid system for the Twenty Nine Palms Marine Base in the Mojave Desert. The smart microgrid system will improve energy efficiency at the base using a GE microgrid controller that utilizes advanced algorithms and decision engines to ensure that … Read the rest
CNET News is reporting that General Electric plans to use software from smart-grid startup Tendril to make its appliances more energy efficient. The software will allow you to control your GE appliances from several different locations, including an in-home display, over the Internet or even through your iPhone (is there anything you CAN’T do with an iPhone these days?). The system will be in a testing phase starting in the 4th quarter of 2009. Tendril’s … Read the rest
General Electric and the Idaho National Laboratory just announced that they have received $2 million in funding from the Department of Energy for a project that transforms waste heat into electricity. CNET News estimates that the technology has the potential to improve the efficiency of industrial engines by 20 to 40 percent. The improvements in efficiency come from improving the Organic Rankine Cycle to convert heat from industrial engines into power in a cost-effective manner. … Read the rest
General Electric just announced that it will be producing highly energy efficient hybrid water heaters in Louisville, Kentucky. The hybrid water heaters are the first water heaters to meet the Department of Energy’s stricter 2009 Energy Star standards. The water heaters use about 1/2 the energy of conventional water heaters. Manufacturing them in Kentucky will also create about 400 new jobs.
In a post on the Sustainability Ninja, James Campbell, GE’s Consumer and Industrial President … Read the rest