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Glycon Garcia

Donald Sadoway: The missing link to renewable energy | Video on TED.com - 0 views

  • Donald Sadoway: The missing link to renewable energy
  • What's the key to using alternative energy, like solar and wind? Storage -- so we can have power on tap even when the sun's not out and the wind's not blowing. In this accessible, inspiring talk, Donald Sadoway takes to the blackboard to show us the future of large-scale batteries that store renewable energy. As he says: "We need to think about the problem differently. We need to think big. We need to think cheap." Donald S
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    "Donald Sadoway: The missing link to renewable energy Tweet this talk! (we'll add the headline and the URL) Post to: Share on Twitter Email This Favorite Download inShare Share on StumbleUpon Share on Reddit Share on Facebook TED Conversations Got an idea, question, or debate inspired by this talk? Start a TED Conversation, or join one of these: Green Home Energy=Hydrogen Generators-alternative sources Started by Kathleen Gilligan-Smith 1 Comment What is the real missing link in renewable energy? Started by Enrico Petrucco 8 Comments Comment on this Talk 60 total comments Sign in to add comments or Join (It's free and fast!) Sort By: smily raichel 0 Reply Less than 5 minutes ago: Nice smily raichel 0 Reply Less than 5 minutes ago: Good David Mackey 0 Reply 3 hours ago: Superb invention, but I would suggest one more standard mantra that they should move on from and that is the idea of power being supplied by a centralised grid. This technology seems to me to be much more beneficial on a local scale, what if every home had its own battery, then home power generation becomes economically more viable for everyone. If you could show that a system like this could pay for itself in say 5 years then every home would want one. Plus for this to be implemented on a large scale requires massive investment that could be decades away. Share the technology and lets get it in homes by next year. Great ted talk. Jon Senior 0 Reply 1 hour ago: I agree 100%. Localised energy production would also make energy consumers more conscious of their consumption and encourage efforts to reduce it. We can invent and invent all we want, but the fast solution to allowing renewable energies to take centre stage is to reduce the base energy draw. With lower baseline consumption, smaller "always on" generators are required to keep the grid operational. Town and house-l
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Rohm and Haas Reports Strong 2Q '08 Results; Elec. Tech. Segment Up 16% - 0 views

shared by xxx xxx on 24 Jul 08 - Cached
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    Rohm and Haas Company has reported second quarter 2008 sales of $2,567 million, a 17% increase over the same period in 2007, with Electronic Materials and the chemical businesses outside North America delivering strong growth. The Electronic Materials Group comprises two reportable segments which provide materials for use in applications such as telecommunications, consumer electronics and household appliances. Sales for the Electronic Materials Group were $536 million in the second quarter of 2008, up 34% over the same period in 2007, reflecting the impact of acquisitions in Display Technologies as well as solid organic growth of Electronic Technologies. The Electronic Technologies segment is comprised of the company's Semiconductor Technologies, Circuit Board Technologies and Packaging and Finishing Technologies business units. Sales for the segment of $460 million were up 16% versus the second quarter of 2007, driven by strong growth in Asia for all business units. Sales in the second quarter excluding precious metals pass-through sales were up 15%. Semiconductor Technologies sales grew 13%, reflecting strong demand and favorable currencies, particularly in the Asia Pacific Region. Circuit Board Technologies sales increased 20% as compared to the same period last year, with solid growth in the Asia Pacific Region more than offsetting declines in North America. Packaging and Finishing Technologies sales rose 20% versus last year, primarily driven by strong growth in precious metal sales and in process sales. Adjusted pre-tax earnings for this segment of $107 million were up 11% from the second quarter of 2007, reflecting increased demand and favorable currencies, partially offset by higher metal costs and increased costs related to expansion efforts, including the new Asia Technical Center in Taiwan.\n\n\n
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    Growth in Asia is illustrated from this reporting at multiple levels of business - Opportunities are available for copper in a multitude of applications.
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UK to Get Superfast Broadband by 2012 - 0 views

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    UK telecoms provider BT is to invest £1.5 billion ($3 billion) to roll out superfast broadband to up to 10 million UK homes by 2012. The system will enable services such as video conferencing, video on demand, and other high bandwidth activities. The programme is Britain's largest ever investment in superfast broadband, which will deliver speeds of up to 100 megabits per second. The fibre will be linked to a cabinet in the street and in some cases - such as the Olympic village for the 2012 Games - directly to the premises. Homes linked to a fibre-to-the-cabinet network will receive initial speeds of up to 40 Mbps, due to the copper cable that connects the house to the cabinet. However, BT expects this to increase to 60 Mbps with new technologies. Those on a fibre-to-the-premises network will see speeds of up to 100 Mbps.
Colin Bennett

Long term/short term investment conflict builds certainty - 0 views

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    Now we are seeing the mirror image of the up cycle, and mines are closing, new projects are being halted and even really good exploration targets and development projects are not being followed up purely through lack of availability of funds. It doesn't take a rocket scientist to understand what this is building up to as the world economy picks up, as it undoubtedly will. Once demand returns to the market there will not be the supply available to meet it and prices will inevitably soar again. This will happen. The only uncertainty is the timescale.
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Verenium Goes In with BP for $90 Million - 0 views

shared by xxx xxx on 11 Aug 08 - Cached
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    BP has a lot of money, and they want to focus a big chunk into cellulosic ethanol. So, they're partnering up with Verenium and giving the company $90 million over the next year and a half in order to gain some of Verenium's technology and hopefully speed up commercialization of cellulosic ethanol. Looking towards sugar cane, miscanthus, and energy cane, they're hoping to scale up biofuel's availability from these and other sources. The $90m will go towards helping put up low-cost production facilities across the US, and will give BP licenses to intellectual property of Verenium. BP's president Sue Ellerbusch said that this partnership positions BP as having the best technology in cellulosic ethanol production and makes them leaders in the area. Not surprising since they're forming other partnerships that help them corner the biofuel industry, including partnerships with DuPont, Tropica BioEnergia and D1 Oils. BP's fuel sales during 2007 accounted for 10% of the global biofuels market. So they're serious about making sure that biofuels become more easily available.
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Nanowire lawns make for sheets of image sensors - 0 views

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    Growing a mixed "lawn" of two kinds of nanowires can make a new kind of light-sensing array that could be made in metre-scale sheets. The researchers behind the prototype say such cheap, high-quality image sensors would allow uses not conceivable using today's more expensive technology. Current sensors, such as those found in digital cameras, are made like any other silicon chip - they are carved out from a block of material. The new nanowire sensors are instead built from the bottom up, using chemically-grown nano-sized components. A research team led by Ali Javey, at the University of California, Berkeley, developed the process. They start by growing an unruly "lawn" of nanowires on a surface. The crop is then printed onto another surface, a step that simultaneously tidies them up. "At the first stage, the nanowires are more-or-less standing up, like a bad hair day. But during the printing process, they effectively get combed," says Javey. The nanowires, which are a few tenths of a millimetre long and a few tens of nanometres wide, can be printed onto anything from silicon to plastic or paper. Whatever the surface, it must be prepared with a pattern that guides the nanowires to predetermined locations. To make the functioning sensor, two different "crops" of nanotubes are printed onto the same surface. Cadmium selenide nanowires produce electric charge when hit by light, while those made from silicon-coated germanium act as transistors to amplify that charge.
Wade Ren

The end of Bretton Woods 2? - 0 views

  • The Bretton Woods 2 system – where China and then the oil-exporters provided (subsidized) financing to the US to sustain their exports – will come close to ending, at least temporarily. If the US and Europe are not importing much, the rest of the world won’t be exporting much.
  • And rather than ending with a whimper, Bretton Woods 2 may end with a bang. In some sense Bretton Woods 2 has been on life support for a while now. China’s recent export growth has depended far more on Europe than on the US. US demand for non-oil imports peaked in 2006. One irony of the past year is that the US was borrowing far more from China that it was buying from China. Campaign rhetoric that the US was paying for Saudi oil with funds borrowed from China isn’t far off – though it leaves out the fact that the US also borrows from Saudi Arabia to pay for Venezuelan, Mexican and Nigerian oil.
  • If Bretton Woods 2 ends in 2009 – if US demand for imports falls sharply in the last part of 2008 and early 2009, bringing the US trade deficit down – it won’t have ended in the way Nouriel and I outlined back in late 2004 and early 2005. We postulated that foreign demand for US debt would dry up – pushing up US Treasury rates and delivering a nasty shock to a housing-centric economy. As Brad DeLong notes, it didn’t quite play out that way. The US and European banking system collapsed before the balance of financial terror collapsed. Dr. DeLong writes: All of us from Lawrence Summers to John Taylor were expecting a very different financial crisis. We were expecting the ‘Balance of Financial Terror’ between Asia and America to collapse and produce chaos. We are not having that financial crisis. Instead we are having a very different financial crisis. Catastrophic failures of risk management throughout the entire banking sector caused a relatively minor collapse in housing prices to freeze up global finance to a degree that has not been seen since the Great Depression. The end result of this crisis though could be rather similar: a sharp contraction in credit, a fall in US economic activity, a fall in US imports and a fall in the amount of foreign financing the US needs.* The US government is (possibly) trying to offset the fall in private demand by borrowing more and spending more — but as of now there is realistic risk that the fall in private activity will trump the fiscal stimulus.
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  • Or, to put it more succinctly, Bretton Woods 2, as it evolved, hinged both on the willingness of foreign central banks to take the currency risk associated with lending to the US at low rates in dollars despite the United States large current account deficit AND the willingness of private financial intermediaries to take the credit risk associated with lending at low rates to highly-indebted US households.
  • But now US financial institutions are neither willing nor able to take on the risk of lending even more to US households. For a while the US government was able to ramp up its lending to households (notably through the Agencies) and in the process effectively take over the function previously performed by the private financial system (over the last four quarters, the flow of funds data indicates that the Agencies provided around $800 billion of net credit to US households). But now the US government is struggling to keep the financial system from collapsing. It doesn’t seem like it will able to avoid a sharp fall in the overall availability of credit.
  • It is now clear how the financial sector kept profits up: it took on more risk, as it shifted from borrowing short to buy safe long-term assets (Treasuries and Agencies) to borrowing short to buy risky long-term assets. Leverage in the system also increased (and for some broker dealers that seems to be an understatement), as more and more financial institutions believed that the US had entered into an era of little macroeconomic or financial volatility. The net result seems to have been a truly explosive concentration of risk in the hands of a core set of financial intermediaries in the US and Europe. Securitization – it seems – actually didn’t disperse risk into the hands of institutions able to handle it.
  • I hope that the process of adjustment now underway isn’t as sharp as I fear. The US economy gradually can shift from producing MBS for sale to US investors flush with cash from the sale of safe securities to China and Saudi Arabia to producing goods and services for export – but it cannot shift from churning out complex debt securities to producing goods and services overnight. Indeed, in a slowing US and global economy, improvements in the US deficit will likely come from faster falls in US imports than in US exports – not from ongoing growth in US exports.
  • But right now it looks like there is a real risk that the adjustment won’t be gradual. And it certainly looks like the flow of Chinese (and Gulf) savings to US households over the past few years has produced one of the largest misallocations of global capital in recent history.
  • US taxpayers are going to be hit with a large tab for the credit risk taken on by undercapitalized financial intermediaries. Chinese taxpayers may get hit with a similar tab for the losses their central bank incurred by overpaying for US and European assets as part of its policy of holding its exchange rate down. The TARP is around 5% of US GDP. There are plausible estimates that China’s currency losses will prove to be of comparable magnitude. Charles Dumas puts the cost at above 5% of GDP: “Charles Dumas of Lombard Street Research estimates that China makes 1-2 per cent on its (largely) dollar reserves. It then loses up to 10 per cent on the exchange rate and suffers a Chinese inflation rate of 6 per cent for a total real return in renminbi of about minus 15 per cent. That is a loss of $270bn a year, or a stunning 7-8 per cent of gross domestic product.”
  • Jboss — if some of the Chinese inflow could be redirected into investment in alternative energy, that would indeed be a win/ win. Some infrastructure bank style ideas have promise in my view — basically, the flow that used to go to freddie/ fannie could go to wind farms and the like. I would rather see more adjustment in china (i.e. more investment in Chinese infrastructure) but during the transition, if there is one, to a lower Chinese surplus, redirecting chinese financing toward new energy tech would be offer real benefits.
  • China likes 3rd generation nuclear power. Safe, lower cost than NG or coal, very much lower cost than coal with carbon sequestering, and zero carbon footprint. Wind is about 4X more expensive than our electric costs now. That’s in an area with consistent wind. Solar is worse. I don’t know if we can sucker them into investing in our technical fairy tales. Here’s a easy primer on 3rd gen nukes. http://nuclearinfo.net/Nuclearpower/WebHomeCostOfNuclearPower
    • Wade Ren
       
      is this true?
  • btw, solar thermal installations are so easy & affordable to retrofit onto existing structures, it’s amazing that there aren’t more of them here…until you realize that they work to decentralize energy. cedric — china is already doing it in china. they are way ahead of the curve over there. my partner brought back some photos of shanghai — rows of middle class homes each with a small solar panel on top. and that’s just the tip of the iceberg — an architect friend just came back from beijing and wants to move to china (he’s into designing self-powering structures and is incredibly frustrated by the bureaucracy and cost-prohibitive measures in the US).
  • I went to engineering school right after the Arab Oil Embargo, and alternative energy was a hot topic then. All the same stuff you hear of nowadays. They even offered entire courses on it , which I took. Then my first mini career was in the power plant biz, before Volker killed it with interest rates and the Saudies killed any interest in alt. energy with their big oil field discovery. For the last 5 years I’ve been researching what’s changed, and it is frighteningly little. Solar cells are still expensive and only have a 15% conversion efficiency. They developed the new cost reduced film technology, but that knocks down efficiency to 7%. Wind power works where there is wind constantly. Generators are mature technology and are already 90 some percent efficient. Geothermal, tidal, ect. work where they are available. Looks like coal gasification and synfuel is out because it makes too much CO2. Good news is 3rd gen nuclear is way better than 1st gen plants. Hybrid cars are good, and battery technology is finally getting barely good enough for all electric cars to be practical.
  • According to news report today, Japan’s trade surplus is less than 1 billion $ in September 08, a whopping 94% decrease compared to September 07. Does it imply that going forward Japan can not buy as much treasury as before?
Olivier Masson

Hebei Dawufeng Copper temporarily suspends wirerod production - 0 views

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    Xinxing Zhunguan, a Zhejiang-based manufacturer of copper wirerod, plans to increase production at its facility to 165,000t in 2013, up by 10% from 150,000t in 2012. Despite low profitability at Chinese wirerod producers, an official at the company said Xinxing Zhunguan still plans to increase output in 2013 in order to enhance competitiveness. The company said it expects orders to be subdued in the run up to the Chinese Lunar New Year, but then expects a strong rebound after the holiday period. This is consistent with another report on 11th January from Reuters which cited several Chinese copper traders as expecting the period between now and the holiday to be quiet, followed by a strong rebound.
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    Jiangsu Jiangrun Copper Co. Ltd, a large Chinese copper wirerod producer, is planning to increase production of copper wirerod to 500,000t in 2013, up from 280,000t in 2012, according to an official from the company. The official said copper wirerod demand was weak in 2012, and that the company's output fell by 68,000t from 2011. The official said Jiangsu Jiangrun has invested in a new copper wirerod project which will come online from June 2013, giving the company another 350,000t/y of capacity, which will take total capacity to 750,000t/y.
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    According to a survey from Asian Metal, Chinese wirerod capacity is expected to expand by 2.78Mt in 2013. Data published with the report showed that 570,000t of new wirerod production capacity will come online in Q1, followed by another 500,000t in Q2. By the end of the year this will be joined by another 1.71Mt of production capacity. The report cited Chinese local governments' desire to expand GDP growth, as well as the intention of individual companies to grow large enough to list on stock exchanges, as reasons for the rapid expansion in capacity.
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    Anhui Xinke New Material Co. will start production at a new 150,000t/y copper wirerod plant in March, according to an official from the company. The source said that the company is currently in the process of testing the equipment and producing wirerod in small quantities at the site. The official said that since starting construction of the project in November 2011, wirerod demand had become "sluggish" and that processing fees for turning cathode into wirerod had declined. In 2013, the company plans to produce 100,000t of copper wirerod after shutting its old production line which could produce 35,000t/y in early February.
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    Anhui Xinke, the Anhui-based manufacturer of copper wirerod, will put its new 150,000t/y wirerod plant into operation on 1st April, according to a source from the company. The company has invested RMB1.2B (US$191M) in the facility which will operate alongside its existing 35,000t/y facility. The company said that it produced 4,500t of copper wirerod in March, up from 2,500t in February. However, the source said that wirerod trading had slowed down and that it was harder to conclude deals at the moment.
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    According to an official from Chinalco Kunming Copper Co., the Chinese wirerod manufacturer, the company produced 10,000t of copper wirerod in March, up from 7,000t in February. The official said that March's output of wirerod had risen because of a week-long shutdown in February for the Chinese New Year. However, output had still fallen short of the company's 13,000t target. Chinalco Kunming plans to produce 150,000t of wirerod in 2013, utilising around 68% of its 220,000t/y capacity. According to a report from Asian Metal, the company has recently settled its long-term charges for processing 8.0mm wirerod at RMB1,150/t (US$183/t).
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    Wirerod production at Hebei Dawufeng Copper has been temporarily suspended since early April in order to carry out maintenance. The company elected to halt production for a month in order to carry out equipment maintenance, owing to the currently sluggish wirerod market. Production at the plant, which has a wirerod production capacity of 100,000 t/y is scheduled to re-start in early May.
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US Government Investing up to US $24M To Bring Solar Energy Online - 0 views

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    The U.S. Department of Energy (DOE) Principal Deputy Assistant Secretary for Energy Efficiency and Renewable Energy John Mizroch announced recently that the DOE will invest up to US $24 million -- subject to the availability of funds -- to develop solar energy products that will hopefully accelerate the penetration of solar photovoltaic (PV) systems in the United States. \n\nWhen the projects are combined with the overall industry cost share of up to US $16 million, more than US $40 million in total could be invested in these SEGIS projects, with future federal funding subject to appropriations from Congress.\n\nThe Solar Energy Grid Integration Systems (SEGIS) projects will provide critical research and development (R&D) funding to develop less expensive, higher performing products to enhance the value of solar PV systems to homeowners and business owners. These projects are integral to the Solar America Initiative, which aims to make solar energy cost-competitive with conventional forms of electricity by 2015. \n
Colin Bennett

Rio, Chinalco set up exploration tie-up in China - 0 views

  • Rio Tinto and Chinalco, China's largest alumina producer, agreed Wednesday on a tie-up to explore copper resources in mineral-hungry China, the Anglo-Australian mining giant said.
Colin Bennett

The Largest Untapped Automotive Market on the Planet-The Islamic Republic of Iran - 1 views

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    "At a time when Iran's economy is tied up with sanctions, limiting its international trade capacities, it managed to sell more than a million vehicles (885,000 passenger vehicles and 128,000 light commercial vehicles) in 2012, enforce Euro IV norms in 8 cities including Tehran, Karaj, Arak, and Tabriz, convert all public cars into Compressed Natural Gas (CNG) compliant vehicles, and successfully implement a vehicle scrappage program to get very old, highly polluting vehicles off the streets of Iran. The prospect of such a country opening up to trade, giving an opportunity for global automotive companies to be a part of its growth, certainly creates buzz in the industry. Iran sold close to 860,000 passenger vehicles in 2014, 88% of which were sold by Iran Khodro Industrial Group (IKCO) and SAIPA under different marquees. With around 11.7 million vehicles on the road, the aftermarket potential is massive and the average age of vehicles is steadily increasing."
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July 28, 2008: Pennsylvania Creates $500 Million Alternative Energy Fund - Breaking New... - 0 views

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    Pennsylvania Gov. Edward Rendell has approved a bill that establishes a $500 million fund to support alternative energy projects. Special Session House Bill 1 authorizes the Commonwealth Financing Authority to borrow $500 million, most of which will be split into six funding sources relating to energy efficiency and renewable energy: $80 million in grants and loans for solar energy projects; $100 million in grants, loans, and rebates for up to 35 percent of the cost of solar energy projects at residences and small businesses; $165 million in grants and loans for alternative energy projects, excluding solar energy, at businesses and local government facilities; $25 million for wind and geothermal energy projects; $40 million to help start-up businesses involved in energy efficiency technologies; and $25 million in grants and loans to improve the energy efficiency of new and existing homes and small business buildings.
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GE, Abu Dhabi firm in $8 billion joint venture - 0 views

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    BOSTON (Reuters) - U.S. conglomerate General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz) and Abu Dhabi investment agency Mubadala Development Co said on Tuesday they have entered into an $8 billion joint venture with an initial focus on providing commercial finance in the Middle East and Africa.The two companies also plan to work together in the clean energy and water, aviation, and oil and gas sectors, they said."This partnership is consistent with our global growth initiatives and builds on our long-term relationships in a high-growth region like the Middle East," said Jeff Immelt, chief executive of GE, the second-largest U.S. company by market value.The companies said Mubadala "plans over time" to become one of the Fairfield, Connecticut-based company's ten largest shareholders, by acquiring shares in the open market.They also aim to establish a clean energy technology center in Masdar City, a new city in Abu Dhabi that aims to be carbon neutral. GE plans to commit up to $50 million for Masdar's second clean-tech fund.Growth in the Middle East has been a major thrust for GE in recent years. Last year the company generated $5 billion in revenue in the region, up 50 percent from the prior year.
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REpower Installs 5-MW Wind Energy Turbine at Thornton Bank - 0 views

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    REpower Systems AG has successfully installed the first of six wind energy turbines for the Belgian offshore wind farm Thornton Bank. The project, located about 30 kilometers off the coast, is the first Belgian offshore wind farm. For the first of three construction phases, REpower is providing six 5-megawatt (MW) offshore turbines, adding up to a total capacity of 30 MW. Gravity based foundations were erected and carried out to sea to form the foundation for the six wind turbines in Thornton Bank. All work at sea is performed in a water depth of approximately 25 meters using jack-up drilling platforms. The 5-MW turbine which has just been erected in Belgium is the twelfth of the model installed by REpower.
Colin Bennett

The Race to Create the First Solar Airplanes is ON! | EcoGeek - 0 views

shared by Colin Bennett on 06 May 08 - Cached
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    The last barrier to greener transportation is up in the air and if these newly designed planes can get up there, the future of air travel may look decidedly different.
Glycon Garcia

EERE News: DOE Offers $2.4 Billion to Support Next-Generation Electric Vehicles - 0 views

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    DOE Offers $2.4 Billion to Support Next-Generation Electric Vehicles President Barack Obama announced on March 19 that DOE is offering up to $2.4 billion in American Recovery and Reinvestment Act funds to support next-generation plug-in hybrid electric vehicles and their advanced battery components. Of the $2.4 billion, $1.5 billion in grants will go to U.S. manufacturers to produce high-efficiency batteries and their components; $500 million in grants will go to U.S. manufacturers to produce other components needed for electric vehicles, such as electric motors; and $400 million will go towards projects that demonstrate and evaluate plug-in hybrids and other electric infrastructure concepts. When these plug-in hybrid vehicles are offered for sale, U.S. residents who purchase them will be able to claim a tax credit of up to $7,500. Building a plug-in hybrid vehicle industry in the United States will create tens of thousands of jobs and will reduce our nation's dependence on foreign oil.
Colin Bennett

London copper theft shoots up 85% - 0 views

  • Offences involving copper theft in London shot up 85 percent last year to 1,516 from 816 in 2009, data from New Scotland Yard showed on Friday.
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    "Offences involving copper theft in London shot up 85 percent last year to 1,516 from 816 in 2009, data from New Scotland Yard showed on Friday."
Colin Bennett

Xiangguang Copper`s refining capacity up to 600,000 tonnes - 0 views

  • China's Xiangguang Copper completed an expansion in April that has lifted annual refining capacity up 70 percent to 600,000 tonnes, a company manager said on Friday.
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    "China's Xiangguang Copper completed an expansion in April that has lifted annual refining capacity up 70 percent to 600,000 tonnes, a company manager said on Friday."
James Wright

China - Refined copper imports reach 192kt in July, up by 8.8% m-o-m - 0 views

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    Figures released by the General Administration of Customs indicate that Chinese imports of refined copper rose by 8.8% m-o-m in July to reach this year's monthly peak level of 192kt. However, July's imports still represent a decline of 13.5% y-o-y and a year-to-date contraction of 30%. The month on month rise is attributed to the favourable SHFE/LME arbitrage during May and June. However, it remains to be seen whether the import figure indicates stronger Chinese copper consumer demand. Imports of copper scrap rose to 432kt in July, up by 14.2% y-o-y, which brought the total year-to-date figure up to 2.63Mt, up by 9.1% y-o-y.
Panos Kotseras

USA - Bank of America sees copper consumption growth - 0 views

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    Bank of America-Merrill Lynch is expecting that the world ex-China has potential for copper demand growth too. As a result, it revised up its copper price forecast for 2010 to US$7,125/t. This represents a 1.8% increase compared to its earlier anticipation. Its forecast for the current year is revised up by 5.6% to US$5,137/t.
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