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OriginOil Receives Increased Order for Large-Scale Algae Extraction System
August 12, 2011 - OriginOil, Inc. (OOIL), the developer of a breakthrough technology to extract oil from algae and an emerging leader in the global algae oil services industry, today announced it recently received an increased order for a large-scale algae extraction system from MBD Energy, Ltd. (“MBD”), a leading solutions provider in the field of industrial CO2 waste management.
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Here Comes the Sun: Ford and SunPower Team up to Let Focus Electric Customers 'Drive Green for Life'
DEARBORN, Mich., Aug. 10, 2011 /PRNewswire/ --
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Beacon Power Awarded $5 Million State Grant For Flywheel Plant in Pennsylvania
TYNGSBORO, Mass., Aug. 10, 2011 (GLOBE NEWSWIRE) -- Beacon Power Corporation (Nasdaq:BCON - News), a leading provider of fast-response energy storage systems and services to support a more stable, reliable and efficient electricity grid, announced that it has been awarded a $5-million state grant toward construction of a 20-megawatt flywheel energy storage plant in Hazle Township, Pennsylvania. The Company received formal notice of the Redevelopment Assistance Capital Program grant award from the office of Governor Tom Corbett.
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White House Announces First Ever Oil Savings Standards for Heavy Duty Trucks, Buses
Saving $50 billion in fuel costs and over 500 million barrels of oil
August 9, 2011 - WASHINGTON – Today, President Obama will meet with industry officials to discuss the first of their kind fuel efficiency and greenhouse gas pollution standards for work trucks, buses, and other heavy duty vehicles and to thank them for their leadership in finalizing a successful national program for these vehicles. This meeting marks the Administration’s announcement of the standards, which will save American businesses who operate and own these commercial vehicles approximately $50 billion in fuel costs over the life of the program. The U.S. Department of Transportation (DOT) and the Environmental Protection Agency (EPA) developed the standards in close coordination with the companies that met with the President today as well as other stakeholders, following requests from companies to develop this program. The cost savings for American businesses are on top of the $1.7 trillion that American families will save at the pump from the historic fuel-efficiency standards announced by the Obama Administrations for cars and light duty trucks, including the model year 2017-2025 agreement announced by the President last month.
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Solazyme and Bunge Sign Framework Agreement for Commercial Renewable Oil Plant in Brazil
August 8, 2011 - Solazyme, Inc. (NASDAQ: SZYM), a renewable oil and bioproducts company, and Bunge Global Innovation LLC, a wholly-owned subsidiary of Bunge Limited (NYSE: BG), a global agribusiness and food company, announced today that they have entered into a framework agreement for the formation of a joint venture entity (“JV”) focused on the production of triglyceride oils in Brazil. The JV anticipates building a 100,000 MT renewable oil production facility located at a Bunge owned sugar cane mill in Brazil. Engineering for the plant will begin immediately and will be funded by both parties. Upon successful completion of site-specific engineering designs and execution of final JV agreements, construction on the facility will commence, with a targeted start-up during the 2013 cane harvest.
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