Month: September 2009

Public Transportation uses Renewable Energy

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In 2009 the federal administration announced $100 million in Economic Recovery Act funding for 43 transit agencies that are pursuing cutting-edge renewable energy and efficiency technologies to help reduce global warming, lessen America’s dependence on oil, and create green jobs. The 43 winning proposals were submitted by transit agencies from across the country as part of a nationwide competition for $100 million in American Recovery and Reinvestment Act of 2009 (ARRA) funds.

The Plug-in Energy Diet

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It’s not as simple as it first appears to know how much money it’ll take to feed a new plug-in. Traditional utility tiered rate pricing can penalize adding a plug-in vehicle to your electricity bill. New TOU pricing and smart metering is needed. Which is really more energy efficient, a plug-in or a car that just runs on gasoline?

Cash is King in Renewable Energy Development

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It is a buyer’s market for those developing large wind, solar, bioenergy, biofuel, and other renewable energy projects. In 2009, land is less expensive, equipment cost less, deliveries are faster, and warranties longer. It is a buyer’s market if you have cash, yet it continues to be a difficult time to secure debt financing. Demand for renewable energy is at a record high as U.S. utilities in about 30 states struggle to meet RPS (renewable Portfolio Standards). These utilities want to sign PPA (Power Purchase Agreements) for 5 to 20 years of wind power, solar, and bioenerg.

Ener1 Takes Stake in Electric Vehicle Maker Think Global

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Ener1 took the lead among a group of investors that plans to inject $47 million of equity funding into Think Global, the Norwegian electric vehicle producer. Ener1 Chairman and CEO Charles Gassenheimer stated, “Ener1 and Think have collaborated for years on systems development, and today possess a unique ability to bring together category-leading technologies in a fully integrated platform, to suit a wide variety of vehicle applications.”