Several weeks ago, Solyndra became the biggest blight of Obama’s green energy initiative not long after questions were raised about the cash dumped into Evergreen Solar which too ultimately failed, but it doesn’t and won’t end at solar. On Sunday night, Beacon Power (BCON), which makes flywheel technology to recycle unused power, filed for bankruptcy protection.
Granted Beacon’s loan guarantee was less than a 1/10th of Solyndra’s at $43 million of which $39 million … Read the rest
Valence Technology (VLNC) could use some good news. It’s been trading under a buck now for nearly three months. It got some after the bell today with the announcement of a $13 million order from Smith Electric Vehicles for the U-Charge lithium phosphate energy storage solutions which will be used in Smith electric trucks through the end of the year. Smith is the nation’s top manufacturer of electric commercial trucks with its Newton line.
===> … Read the rest
At a recent rally in New Hampshire, Barack Obama specifically mentioned LED lighting and described a company that could help to slash the cost of LED lighting. I did a little research and discovered the company he was referring to is privately held Arc Energy LLC of Nashua, NH. Its founder, Kedar Gupta is no stranger to cleantech success, having founded GT Solar (SOLR) with just $1000 and cashing out a few years ago.
Here’s … Read the rest
A hat tip to Earth2Tech for laying out the components in the $410 omnibus bill that represent clean energy and climate change. The “imperfect omnibus bill” was signed into law by Obama today behind closed doors. Here’s to more government waste but at least there are some clean energy bucks in there..
* EPA gets $7.6 billion (increase of $174 million over last year). $224 million for grants to states to implement the Clean Air … Read the rest
Now that Congress has approved the economic stimulus package (aka the American Recovery & Reinvestment Act) with Obama expected to sign it into law on Tuesday I thought I’d give a run down of what’s in this bill related to green energy initiatives.
Overall, nearly 10% of the entire bill provides funding and tax credits for green energy related projects.
* $11 billion in spending and loan guarantees to build a “smart grid” to move … Read the rest
AltEnergyStocks has posted some highlights of the Obama inauguration speech focused on renewable energies and infrastructure:
“each day brings further evidence that the ways we use energy strengthen our adversaries and threaten our planet.”
“We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together.” (Emphasis ours)
“We will harness the sun and the winds and the soil to fuel our cars and run our … Read the rest
With the Obama administration just weeks away from move in day, there are quite a few articles out there being written about ways to play the coming infrastructure and green energy boom. Much has been made of Obama’s plan to decrease our dependence on foreign oil and to a lesser degree, plans to spend big on infrastructure. Certainly infrastructure and green energy will be two big themes over the next 4 years and possibly beyond, … Read the rest
According to StreetInsider.com, MDB Capital is upgrading Ener1 (HEV) this morning from Hold to Buy and increased the price target from $7.50 to $10. The analyst believes that HEV will meet or exceed its 09 volume commitment for the Think vehicle and is positioned for significant growth based on..
– the recent purchase of Enertech
– the beginning of shipments of its battery pack to Think Global as part of a $70 million contract… Read the rest
Tom Konrad of AltEnergyStocks.com is out with an article this morning on the wind industry, highlighting reasons to be bullish despite a tight credit market.
His top 3 are:
– both Presidential candidates are calling for the cap n trade system
– the Production Tax Credit (PTC) was extended (I’ll add to this – this is only a one year extension but an Obama victory would likely expand this kind of government subsidy for renewable … Read the rest