- CBD Energy Limited has announced that its Westinghouse Solar subsidiary has finalized binding contracts for commercial solar installations in Australia totaling $1.3M. Additionally its bid pipeline has grown to $14.5M. This reflects the increasing price of energy in the Australian market which makes the Westinghouse Solar range of products and services competitive with fossil fuel generation.
- Broadwind Energy, Inc. has announced $34 million in new tower orders from a U.S. wind turbine manufacturer. Broadwind will produce these towers in its Manitowoc, WI facility.
- SunEdison, Inc. has announced its acquisition of the 156 megawatt DC Comanche Solar project from renewable energy developer Community Energy. SunEdison is partnering with Community Energy to complete the final development stage of the project by structuring the financing and providing procurement expertise for the project, following which SunEdison will manage the construction, operation, and maintenance of the solar power plant. Construction will begin in 2015 with commercial operation targeted for early 2016.
- Sungevity, Inc., has announced that its Sungevity.org initiative has now provided more than $1.5 million to nonprofit organizations through a cause marketing program that rewards nonprofit partners and their members for solar installations. The program has added $500,000 to nonprofit coffers in the last year alone while simultaneously driving solar adoption to reduce U.S. dependence on fossil fuels. To mark the $1.5 million milestone, Sungevity.org has donated $50,000 to Alameda County Community Food Bank and welcomed the food bank to its partner roster.
The United States Department of Agriculture (USDA) has selected 36 energy facilities in 14 states to accept biomass deliveries as part of the Biomass Crop Assistance Program (BCAP). Biomass owners who supply these bioenergy facilities may qualify for BCAP delivery assistance beginning July 28, 2014. BCAP was reauthorized in the 2014 Farm Bill.
Of the total $25 million per year authorized for BCAP, up to 50 percent ($12.5 million) is available each year to assist biomass owners with the cost of delivery of agricultural or forest residues for energy generation. Some BCAP payments will target the removal of dead or diseased trees from National Forests and Bureau of Land Management public lands for renewable energy, which reduces the risk of forest fire.
“This program generates clean energy from biomass, reduces the threat of fires by removing dead or diseased trees from public forest lands, and invests in rural businesses and new energy markets,” said Tom Vilsack, USDA ag secretary. “The fires we are seeing right now in the west underscore the need for forest restoration and fire prevention. Pairing this effort with forest restoration on public lands will help guard against these fires while promoting economic opportunity for rural communities.”
Farmers, ranchers or foresters who harvest and deliver forest or agricultural residues to a BCAP-qualified energy facility may be eligible for financial assistance for deliveries. The USDA Farm Service Agency (FSA), which administers BCAP, will begin accepting applications from biomass owners from July 28 through Aug. 25. Deliveries of residues for approved contracts may be made through Sept. 26, 2014.
Spinach may have super strength to unlock some of the mysteries of biofuel production. Purdue University physicists are part of an international group using spinach to study the proteins involved in photosynthesis, the process by which plants convert the sun’s energy into carbohydrates used to power cellular processes.
“The proteins we study are part of the most efficient system ever built, capable of converting the energy from the sun into chemical energy with an unrivaled 60 percent efficiency,” said Yulia Pushkar, a Purdue assistant professor of physics involved in the research. “Understanding this system is indispensable for alternative energy research aiming to create artificial photosynthesis.”
As Pushkar explains, during photosynthesis plants use solar energy to convert carbon dioxide and water into hydrogen-storing carbohydrates and oxygen. Artificial photosynthesis could allow for the conversion of solar energy into renewable, environmentally friendly hydrogen-based fuels.
In Pushkar’s laboratory, students extract a protein complex called Photosystem II from spinach they buy at the supermarket. The students then extract the proteins in a specially built room that keeps the spinach samples cold and shielded from light. Next the team excites the proteins with a laser and records changes in the electron configuration of their molecules.
“These proteins require light to work, so the laser acts as the sun in this experiment,” explained Pushkar. “Once the proteins start working, we use advanced techniques like electron paramagnetic resonance and X-ray spectroscopy to observe how the electronic structure of the molecules change over time as they perform their functions.” Continue reading
The U.S. Department of Transportation (DOT) has released a new tank car proposal that is designed to enhance the safe transportation of hazardous materials, including ethanol and crude oil. Bob Dinneen, CEO and president of the Renewable Fuels Association (RFA) expressed concern over the rule’s same treatment of crude oil and ethanol when ethanol has a strong safety record while the high volatility of crude oil from the Bakken is not adequately addressed.
However, Dinneen did applaud the Administration for adopting a comprehensive approach to increasing concerns about rising shipments of highly volatile crude oil on the nation’s railways. He noted that the approach outlined today appears to address prevention, mitigation and response related to crude oil derailments.
“Ethanol is a low volatility, consistent commercial product with a 99.997 percent rail safety record,” said Dinneen. “Unlike oil from fracking, ethanol is not a highly volatile feedstock of unknown and differing quality and characteristics being shipped to a refinery for commercial use. Before this proposed rule is finalized, the RFA looks forward to engaging the Department of Transportation in a constructive dialogue about these differences, and the need to have a practical and effective phase-in of these new standards,” added Dinneen. “In the meanwhile, the U.S. ethanol industry will continue to work with all parties to assure the safe and effective transport of this low-cost, domestic renewable fuel to markets all across the country.”
Harley-Davidson has unveiled its first all electric motorcycle and are giving consumers a chance to experience this new ride through its Project LiveWire Experience. The first event will take place in San Diego July 24, 2014-July 26, 2014 hosted by Stellar Solar and San Diego Harley-Davidson. Project LiveWire will be at the Morena Boulevard location with the main event taking place Saturday, July 26 from 12 – 4pm. All three days will feature complimentary solar powered food and beverages from the Stellar Solar Mobile Solar Station.
Fans who take a test ride will be able to give feedback to Haley-Davidson as they tweak their electric motorcycle – the electric bike is still under development. During the three-day event, consumers will also be able to participate through a Jumpstart simulator that provides an experience almost as good as the real thing.
Stellar Solar is connected with San Diego Harley-Davidson through General Manager Ty Miller who had a Stellar Solar system installed on his home. “When we received word that San Diego Harley-Davidson was going to be one of the first locations on the tour, the Stellar Solar Mobile Solar Station immediately came to mind as a perfect fit to help power the event,” Miller said. “Electric motorcycles and solar power complement each other nicely and we are happy to promote solar along side this innovative motorcycle.”
Kent Harle, CEO of Stellar Solar and avid motorcycle enthusiast is excited for the event. “I’ve been riding motorcycles for a long time and the Project LiveWire is a unique and very impressive machine. I’d buy one today if they were on the market. I can’t wait to test ride it. This is a perfect event for our Mobile Solar Station and we are proud to be associated with San Diego Harley-Davidson.”
- The 2014 National Advanced Biofuels Conference & Expo taking place October 13-14, 2014 in Minneapolis, Minn., has announced its agenda. With two comprehensive program tracks titled Cellulosic & Advanced Ethanol and Biodiesel & Other Biomass-based Diesels, this year’s event will feature nearly 70 advanced biofuels presentations on technology scale-up, bolt-on considerations, emerging feedstock opportunities, project development, policy, RIN markets and more—with a core focus on opportunities for America’s existing fleet of biofuels plants to produce advanced biofuels in the near term.
- Headwinds in several key markets, including the United States and Spain slowed growth in the global wind power market dramatically in 2013. Still, windpower now supplies nearly 3 percent of the world’s electricity, and is expected to grow strongly over the next several years. According to the BTM Wind Report from Navigant Research, wind power will deliver 7.3 percent of the electricity consumed worldwide by 2018.
- ZeoGas LLC, a developer of natural gas-to-gasoline projects, has entered into a license agreement to use ExxonMobil Research and Engineering Company’s methanol-to-gasoline technology in the development of a natural gas-to-gasoline plant on the U.S. Gulf Coast. Coupled with the 5,000 tons-per-day of planned methanol production, ZeoGas will produce more than 16,000 barrels per day of ASTM-spec, 87 Octane gasoline with zero sulfur and about 50 percent less benzene than allowable standards.
- NRG Energy, Inc. has announced the acquisition of the 4 MW Spanish Town Estate Solar project on the island of St. Croix in the U.S. Virgin Islands from Toshiba International Corporation. Once completed, the power will be sold to the U.S. Virgin Island Water and Power Authority under a 25-year power purchase agreement. The project also is expected to help the U.S. Virgin Islands achieve their renewable energy goals to reduce its fossil fuel based energy consumption by 60 percent over the next 10 years.
Panasonic Corporation has developed an interesting offshoot of solar energy: Power Supply Container. The stand-alone photovoltaic power package was installed for the National Elementary School Karimunjawa 01 in Karimunjawa Island, Jepara District, Central Jawa Province, Indonesia. The Power Supply Container is equipped with 12 Panasonic “HIT(R)240” solar modules that the company said has high conversion efficiency and can generate approximately 3 kW of electricity. It can also provide stored power from 24 built-in lead-acid storage batteries (17.2 kWh as total).
Karimunjawa is an area where electricity is available at night using diesel generators. However, in the daytime these generators are stopped and no electricity can be used by the residents of the village. As no power for the village during the daytime interferes with administrative and commercial activities, improvement of the educational environment had been the top priority for the island. To solve this social issue, Koperasi Pundih Artah, which received Grant Assistance for Grassroots Human Security, Institute of Business and Economic Democracy Foundation (IBEKA) and Panasonic launched a project for improving the educational environment, by supplying and installing the Power Supply Container, under the cooperation of Jepara District and the Embassy of Japan in Indonesia.
To celebrate the introduction of “daytime electricity” a handover ceremony was held with Koperasi Pundih Artah and IBEKA. Now, during school hours, children can use LED lighting fixtures, ceiling fans and audiovisual educational materials using PCs and TVs. When there are no classes, the electricity is sold to nearby areas through a management association of the Power Supply Container to contribute to activation of the regional community and improve the regional electricity infrastructure.
IBEKA is giving support for establishing management associations in Karimunjawa for independent operation of power supplies as well as provides training and supports for their operation, management and maintenance to achieve a sustainable power supply in Karimunjawa. Panasonic will continue to work with groups in Indonesia to bring more Power Supply Containers to areas without reliable electricity.
Himark BioGas International is building three integrated anaerobic digestion (AD) and fertilizer plants for NEO Energy in Massachusetts and Rhode Island. The AD plants will be designed and constructed by Himark and will recycle food waste to produce renewable electricity and organic-based fertilizer. As part of the agreement, Himark BioGas will act as a technology licensor and owner’s representative on behalf of NEO Energy LLC during the design, construction and operation stages of the plants.
Shane Chrapko, CEO of Himark BioGas, said, “The development of the anaerobic digestion plants will positively contribute to effective food waste recycling, profitable pathogen-free fertilizer production, energy self-sufficiency and a reduction in carbon emissions for the local communities. Each ton of food waste diverted from the landfill will reduce Greenhouse Gas Emissions by just over one ton of CO2 (Equivalent).”
The AD plants will be designed based on Himark BioGas’ patented “IMUS” technology that can produce renewable energy and pathogen-free fertilizer from food waste, source separated organic materials, cow manure, ethanol plant waste/thin stillage, slaughter house waste, food processing waste and agricultural waste (open pen feedlot, sand-laden dairies, etc.). The IMUS technology also can handle feedstock containing large amounts of sand, dirt, rocks, plastic and cellulose. Furthermore, Himark said with its turnkey, guaranteed-maximum capital cost designs, the company guarantees electricity, gas and fertilizer outputs with any kind of feedstock.
“NEO’s anaerobic digestion plants will recycle food waste generated by supermarkets, food processors, restaurants and other institutions and divert that waste away from landfills and incineration facilities,” said Robert Nicholson, president of NEO Energy. “Our plants produce a high-quality organic-based fertilizer while reducing greenhouse gases, preserving landfill capacity and producing renewable energy. Our first plants will also be available to those businesses that will need to comply with the 2014 commercial food waste disposal ban in Massachusetts and the recently enacted law in Rhode Island requiring that food residuals produced by large waste generators be recycled starting in 2016.
According to a new analysis released today, “The Economic Competitiveness of U.S. Ethanol,” U.S. produced ethanol has been the most economically competitive motor fuel in the world over the past four years. In addition, ethanol has played an important role in reducing consumer fuel costs. The analysis was conducted by ABF Economics and released by the Renewable Fuels Association (RFA).
The analysis reviewed actual wholesale prices paid for ethanol, gasoline and alternative octane source in several U.S. and world markets between 2010-2013. Based on the data, the report concluded, “…U.S.-produced ethanol is an exceptionally competitive additive and fuel source…” and that “…U.S. ethanol has emerged as the lowest cost transportation fuel and octane source in the world over the past several years.”
Commenting on the analysis, RFA President and CEO Bob Dinneen said, “As proven by the recent boom in exports, American-made ethanol has evolved into the most cost competitive transportation fuel and octane source in the world. Through rapid technology adoption and innovation, U.S. producers have proudly earned the distinction of being the global leader and low-cost producer of clean-burning, renewable ethanol.”
Dinneen continued, “Despite the fact that ethanol offers greater consumer choice at a lower cost, entrenched petroleum companies continue to erect barriers that deny access to larger volumes of renewable fuels,” Dinneen continued. “In a truly free market, consumers would always choose a fuel that is produced domestically, is better for the environment and climate, and costs much less than gasoline. Unfortunately, free markets only exist in text books, underscoring the need for monopoly-breaking policies like the Renewable Fuel Standard.”
The ABF Economics study found that even after accounting for transportation costs to the reference markets of Los Angeles, Chicago, and New York, “The ‘spread’ between ethanol and RBOB [gasoline] has averaged 30 to 40 cents per gallon over the past four years in these three key markets and the difference averaged more than 60 cents per gallon in 2012.
As a result of this cost differential, the analysis found “…ethanol blended with RBOB to produce reformulated gasoline at a 10 percent (E10) blend has reduced the cost of motor fuel to consumers.” The analysis found that ethanol’s impact on gas prices goes far beyond the wholesale price spread: “This does not include the additional downward impact ethanol has on gasoline prices as a result of extending supplies and reducing demand for crude oil.”
According to the report, “…even with depreciation of the real, U.S. ethanol has been more cost competitive than Brazilian ethanol in key U.S. and world markets over the past several years.” This has particular relevance in the California market, according to the study, because that state’s fuel policies strongly compel fuel suppliers to import Brazilian ethanol in lieu of U.S. ethanol. “Use of Brazilian ethanol in place of U.S. ethanol theoretically raised the price of E10 for California consumers by 8 cents per gallon over the past four years,” the study found.
In closing, the study indicates that the competitiveness of U.S. ethanol will only improve in the future: “This competitive advantage is expected to increase further, as U.S. ethanol and feedstock producers adopt new technologies and crude oil prices continue to trend higher.”
Southern Nevada Water Authority (SNWA) is going solar with the help of SunEdison. SNWA has signed a power purchase agreement that locks in the majority of its energy costs at a fixed rate. The power will be provided by a 14 MW solar farm that SunEdison will develop, construct, own and operate located in Clark County, Nevada.
“This partnership with SunEdison expands our renewable energy portfolio to about 18 percent of our total power mix, and it provides additional stability to power costs, which ultimately benefits Southern Nevada’s municipal water users,” said John Entsminger, Southern Nevada Water Authority General Manager. “When compared with traditional power production from fossil fuels, this solar facility will also save more than 100 million gallons of water and contribute to the sustainability of our community.”
According to SNWA, water is used in a number of ways in fossil fuel based electricity production, including generating steam to turn turbines, helping to keep power plants cool, and flushing away the fuel residue after fossil fuels are burned. By contrast, solar PV power plants do not use water in the production of electricity.
“This project is a great example of how SunEdison can provide cost effective solar solutions to fit almost any location,” said Bob Powell, President, North America at SunEdison. “This ground-mounted facility will be built around a transmission and pipeline infrastructure that is quite complex – if we can do it here, we can do it anywhere.”
Construction of the facility will begin in early 2015 with commercial operation slated for later that year. Once operational, the solar power plant will be managed by the SunEdison Renewable Operation Center (ROC), which provides global 24/7 asset management, monitoring and reporting services. Data collected from the ROC is used to continuously improve the company’s products, project designs and service offerings.
- Consumers Energy is taking steps to diversify its energy supply and help the environment by selecting four Michigan farms to produce renewable energy with anaerobic digesters. Consumers Energy developed the anaerobic digester program along with Michigan State University and the state’s agricultural community. The farms will be offered the opportunity to generate electricity under long-term contracts that collectively provide 2.6 megawatts of electric capacity.
- Juhl Energy, Inc. has announced that the U.S. Army Corps of Engineers Sacramento District has awarded a $5.5 million contract to the team of Juhl Energy, Inc., Aegis Renewable Energy and Icenogle Construction Management Inc. for the development, construction and installation of a 1.5 – 2 megawatt wind turbine at the Tooele Army Depot near Salt Lake City, Utah. Juhl Energy will act in the capacity of the lead design and installation developer and subcontractor.
- Milton Hydro, in partnership with Simple Energy, will deliver a social benchmarking program to customers in Milton, Ontario. Funded by the Ontario Power Authority’s Conservation Fund, the Milton Community Energy Challenge will demonstrate how community engagement can deliver energy conservation. Participants will earn rewards for reducing their household energy use and help schools earn prizes by joining school challenge teams. The program will support Milton Hydro in achieving Conservation and Demand Management (CDM) targets.
- FuelCell Energy, Inc. has announced that its affiliate FuelCell Energy Solutions, GmbH (FCES) has received nearly [Eur]5 million in awards by Germany’s Federal Ministry for Economic Affairs and Energy to support a three year research and development project between FCES and joint venture partner Fraunhofer IKTS. The project targets further enhancements to the Direct FuelCell DCR technology by increasing power density and operating life of the fuel cells, leading to lower costs. The research is being performed in Germany by FCES at an existing facility in Ottobrunn and by Fraunhofer IKTS at a facility located in Dresden.
Columbus, Ohio is now home to its second compressed natural gas (CNG) station. The station was made possible in part from funds provided by Clean Fuels Ohio (CFO). CFO provides technical support for transportation professionals, advocates for sustainable transportation energy policies and serves as a resource clearinghouse for fleets, policy makers and the public.
“We have been so fortunate to assist a wide range of businesses and individuals in exploring the advantages of alternative fuels,” said CFO Executive Director Sam Spofforth. “We help each organization to look at the variety of options available to them, and, when available, help them get the grant funding they need to get their projects off the ground.”
One way CFO does this is through the organization’s Driving Force Fleet Advisors which provide assessment and planning, project development assistance, funding strategies, monitoring, follow-up and training to fleet managers. Fleets can also gain certification and public recognition for their efforts through CFO’s Ohio Green Fleets.
When the City of Columbus began its move to alternative fuel vehicles, there was little infrastructure in the state for compressed natural gas (CNG) explained Kelly Reagan, the city fleet administrator. “Mayor (Michael) Coleman made the commitment that we would build our own fueling infrastructure to support this alternative vehicle program.”
The city now operates two public access fast-fill CNG stations, with two additional stations planned, which will be open to the public. In addition, the city operates two electric vehicle charging stations that are also open to the public. “Clean Fuels Ohio gave us the opportunity to start down this road,” said Mayor Coleman. “They provided the resources we needed to start this program. They helped us get underway.”
In the case of Dillon Transport, partnering with a customer, Owens Corning, provided a pathway to a multi- state project. “Our work with Clean Fuels Ohio resulted in an attractive funding package that appealed to our customer,” explained Dillion Transport Vice President Charles Musgrove. The company has converted 17 Ohio trucks to natural gas, and fuels through an expanding network of public stations in Ohio. The company has a similar operation with the customer in Florida. In addition, Dillon Transport is increasing its use of CNG vehicles nationwide.
Ultimately, the cost of fossil fuels and a concern for sustainability have motivated many fleets to make the commitment to alternative fuel vehicles. “Companies began really needing to find answers, once it was obvious that fuel prices were going to remain high,” added Spofforth. “Companies want to do the right thing – but they don’t quite know how to put the pieces together, get funding and make the choices they need to make. We’ve been able to help many varied fleets look at those options and make the decisions that lead them to sustainability.”
In 2011 and 2013, the City of Columbus was named the #1 Government Green Fleet in North America, and continues to be a role model for fleets considering transitioning to alternative fuels.
According to the latest “Energy Infrastructure Update” report from the Federal Energy Regulatory Commission’s Office of Energy Projects, solar, wind, biomass, geothermal, and hydropower provided 55.7% (1,965 MW of the 3,529 MW total installed) of new installed U.S. electrical generating capacity during the first half of 2014.
- Solar provided 32.1% (1,131 MW)
- Wind provided 19.8% (699 MW)
- Biomass provided 2.5% (87 MW)
- Geothermal provided 0.9% (32 MW)
- Hydropower provided 0.5% (16 MW)
- Most of the balance (1,555 MW – 44.1%) of the new generating capacity was provided by natural gas while no new coal or nuclear power capacity was reported
According to the SUN DAY Campaign, the dominant role being played by renewables in providing new electrical generating capacity in 2014 is continuing a trend now several years in the making. Over the past 30 months (i.e., since January 1, 2012), renewable energy sources have accounted for almost half (48.0%) or 22,774 MW of the 47,446 MW of new electrical generating capacity.
If calendar year 2011 is also factored in, then renewables have accounted for approximately 45% of all new electrical generating capacity over the past 3 1/2 years. In fact, since January 1, 2011 renewables have provided more new electrical generating capacity than natural gas (31,345 MW vs. 29,176 MW) and nearly four times that from coal (8,235 MW)
Renewable energy sources now account for 16.28% of total installed U.S. operating generating capacity: water – 8.57%, wind – 5.26%, biomass – 1.37%, solar – 0.75%, and geothermal steam – 0.33%. This is up from 14.76% two years earlier (i.e., June 30, 2012) and is now more than nuclear (9.24%) and oil (4.03%) combined.
“A new report from the U.S. Energy Information Administration (EIA) is projecting that renewable energy sources will account for only 24% of new capacity additions between now and 2040,” Ken Bossong, Executive Director of the SUN DAY Campaign, noted. “However, the latest FERC data coupled with that published during the past several years indicate that EIA’s numbers are once again low-balling the likely share – and probably dominant share – of renewables in the nation’s future energy mix.”
The Sierra Club and the Center for American Progress (CAP) have launched a new video series, “Harnessing the Sun to Keep the Lights on in India”. The series documents the health, economic, and environmental benefits to local communities living in Uttar Pradesh, India, a rural, low-income, off-the-electric-grid region that is rapidly becoming a hotbed of solar activity. The film provides a first-hand look at the companies seeking to make good on Prime Minister Narendra Modi’s pledge to provide solar for all citizens by 2019.
“Hundreds of millions of low-income, rural Indians have been suffering from energy poverty for decades. With little access to reliable energy, they’re depending on dirty fossil fuels like kerosene to light their homes and that has serious health effects. Solar power is the key to ending energy poverty,” said Justin Guay, associate director of the Sierra Club’s International Climate Program.
This past spring, Guay traveled to Uttar Pradesh with Vrinda Manglik, Associate Campaign Representative for the Sierra Club, and Andrew Satter, Director of Video at the Center for American Progress. They spent a week visiting innovative companies like Simpa Networks and OMC Power that deliver everything from LED lightbulbs to mobile phone charging with the help of innovative pay-as-you-go solutions. They also visited villages and interviewed people living beyond the grid and benefiting from companies expanding clean energy access.
According to Sierra Club, around the world, 1.4 billion people lack modern, reliable electricity; they are living in energy poverty. In India alone, approximately 400 million Indians are living in energy poverty. Those who do have power suffer from chronic unreliability issues as well as pollution from coal-fired power plants that kill more than 100,000 people every year. But innovative companies and entrepreneurs are creating a booming market for distributed energy beyond the grid in India and providing a clean and affordable energy source that is improving the health and quality of life for many people.
“Energy poverty is a hurdle for economic mobility and improving the livelihoods of billions of people around the world. Energy is necessary for social, economic, and environmental progress. Electricity access allows for lighting into the evening hours, which can be used for studying or running a business. It is required to keep schools open and health centers running,” added Rebecca Lefton, Senior Policy Analyst for CAP.
Leading up to the world premiere of the video, the Sierra Club and CAP released a series of behind-the-scenes video clips of their week in India, filmed using Google Glass. The technology was used for translations from Hindi to English, flight information, navigation, and the filming of parts of the video series.
- Meredian Inc., the world’s largest producer of PHA has announced that John A. Dowdy, III has joined their team as the newly appointed Chief Financial Officer. This appointment comes in the wake of Meredian Inc. and its sister company DaniMer Scientific merging together under its wholly owned subsidiary Meredian Holdings Group Inc.
- Agriculture Secretary Tom Vilsack has announced that United States Department of Agriculture is investing $263.3 million to help modernize and improve the reliability of rural electric systems in eight states: California, Florida, Georgia, Kansas, Kentucky, Indiana, North Carolina and Virgina.
- Energy storage, driven largely by electronics and plug-in vehicles, will grow at a compound annual growth rate of 8% to $50 billion in 2020, with dramatic shifts coming from the transportation industry, according to Lux Research. Transportation applications will outpace electronics growth – attaining an 11% CAGR to become a $21 billion market by the end of the decade. Its faster growth will close the gap with electronics, which still will remain the single largest market valued at $27 billion. The market for stationary applications will be worth $2.8 billion, as it awaits cost breakthroughs.
- Elevance Renewable Sciences, Inc., a high-growth specialty chemicals company that creates novel specialty chemicals from natural oils, has announced a new collaboration with Genting Plantations Berhad through Genting Integrated Biorefinery Sdn Bhd (GIB), to be located in the Palm Oil Industrial Cluster (POIC) in Lahad Datu, Sabah, Malaysia. The 25:75 collaboration between Elevance and Genting Plantations Berhad will build a 240,000 MT metathesis biorefinery based on Elevance’s proprietary metathesis technology, and will produce renewable, high-performance olefins and specialty chemicals that can be used in multiple end-product applications, including lubricants, surfactants and detergents.