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Posts Tagged ‘energy’

Energy minister reacts to Kolubara revelations

If politicians took part in abuses of state money at the Kolubara mines, then they should be held to account “politically and criminally”. This was the reaction of Energy Minister Petar Å kundrić to revelations that Serbia’s state-owned power company EPS determined that the Kolubara Coal Mine company management conducted “unscrupulous business practices”.

Chip Shot: Intel Renewable Energy Powers Up!

Today Intel announced it will purchase 2.5 billion kilowatt hours of renewable energy credits (RECs) in 2011, a 75 percent increase over its 2010 commitment, which equates to more than 85 percent of Intel’s estimated purchased electricity needs in the U.S. this year. In addition, Intel announced it has completed nine solar installations in the U.S. and Israel, and has been recognized by the Environmental Protection Agency as the top green power purchaser in 2011. Learn more here.

Chip Shot: Capgemini Offers Intel Atom Powered Home Energy Dashboard

Capgemini announced today that it will offer a home energy dashboard for its utility customers based on Intel’s Home Energy Management Proof of Concept Reference Design, which is powered by the Intel® Atom™ processor . The system will allow customers in the home to better understand and manage their energy usage, in turn saving on costs. For more information, please see the Capgemini press release and the Intel Embedded press kit.

Intel Increases Renewable Energy Credit Purchase to 2.5 Billion Kilowatt Hours

NEWS HIGHLIGHTS
  • Intel increased its renewable energy credit purchase to 2.5 billion kilowatt hours, a 75 percent increase over its 2010 commitment.
  • Intel has completed nine solar electric installations at Intel locations in four U.S. states and Israel, collectively generating approximately 3.8 million kilowatt hours per year of clean solar energy.
  • Intel, whose renewable energy credit purchase will exceed 85 percent of its estimated U.S. electricity use, was again named the largest voluntary purchaser of green power by the EPA.

SANTA CLARA, Calif., Feb. 1, 2011 – Building on years of support for renewable energy generation, Intel Corporation today announced that it will purchase 2.5 billion kilowatt hours of renewable energy credits (RECs) in 2011. This commitment is a 75 percent increase over its 2010 commitment of 1.43 billion kilowatt hours and equates to more than 85 percent of Intel’s estimated purchased electricity needs in the United States for 2011. In addition, Intel has completed nine solar electric installations at Intel locations in Arizona, California, New Mexico, Oregon and Israel, collectively generating more than 3.8 million kilowatt hours per year of clean solar energy.

“Intel’s renewable energy efforts are meant to spur the market and make renewables cheaper and more accessible, in turn helping to reduce the overall carbon emissions from electric generation,” said Brian Krzanich, senior vice president and general manager of Manufacturing and Supply Chain for Intel. “Intel’s REC purchases, support for solar installations and other clean energy investments will continue to be priorities for us as we search for effective sustainability opportunities around the globe.”

Intel first purchased RECs, the “currency” of renewable energy markets, and became the largest purchaser of green power in the United States1 with a 1.3 billion kilowatt hour commitment in 2008. Its 2011 purchase corresponds to the carbon dioxide emissions from the electricity use of nearly 218,000 average American homes or nearly 202 million gallons of gasoline consumed.2 As a result of Intel’s continued commitment to purchase RECs, the Environmental Protection Agency (EPA) again placed Intel at the top of its Green Power Partner List for 2011 as the largest voluntary, single purchaser of green power in the country. Intel was previously honored with the EPA’s Green Power Leadership Award.

In January 2010, Intel first announced its plans to construct eight solar projects across four states. Along with Intel’s first international solar electric project – a 50 kilowatt roof installation in Jerusalem – these projects are now complete and generating clean power for use at Intel facilities. The projects are a variety of types, including a massive 1-megawatt solar field that spans nearly six acres of land on Intel’s Folsom, Calif. campus, four rooftop installations and four solar support structures in Intel parking lots. Each of the U.S. installations, which were completed and are operated by Foster City, Calif.-based SolarCity, currently ranks among the 10 largest solar installations in its respective utility territory. The RECs generated by these installations are typically transferred to the local utility to support their regulatory obligations and programs.

Intel’s reaffirmed commitment to purchasing RECs and facilitating the nine solar electric installations is just the latest in Intel’s energy portfolio, which includes wind, solar, geo-thermal, small hydro-electric and biomass sources. Since 2001, Intel has invested over $45 million and completed approximately 1,500 projects to improve energy efficiency and resource conservation, saving roughly 790 million kilowatt hours of energy — enough to power nearly 69,000 average American homes for a year.3 Other highlights include:

Investments: Intel is dedicated to clean technology innovation and development.
  • As part of Intel’s broader objective to spur market demand for renewable energy, smart grid, home energy management and energy efficiency in enterprise, commercial, industrial and residential applications, Intel Capital, Intel’s global investment arm, has invested more than $150 million in approximately 20 clean technology businesses.

Operations: Intel continues to look for renewable energy and energy efficiency opportunities across its many locations.

Employee Engagement: Intel believes that employee engagement and empowerment are critical to its objective of embedding sustainability more deeply into the business.
  • Since 2008, Intel has linked a portion of every employee’s variable compensation — from front-line employees to the CEO — to the achievement of environmental sustainability metrics in three areas: energy efficiency of products, reductions in carbon footprint and energy use and improvements in environmental leadership reputation metrics.
  • As a key element of the solar installations at Intel’s facilities, awareness kiosks are set up in each site lobby to educate and engage employees in the company’s energy efforts.

Intel’s REC purchase will be handled by Sterling Planet, a national supplier of renewable energy, energy efficiency and low-carbon solutions. All purchases will be certified by the non-profit Center for Resource Solutions’ Green-e® program, which certifies and verifies green power products, and meet the requirements of the EPA Green Power Purchasing Program.

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

* Other names and brands may be claimed as the property of others.

1 According to the U.S. EPA

2 Source: EPA Green Power Equivalency Calculator. For more information, visit www.epa.gov/greenpower/pubs/calculator.htm

3 Source: EPA Green Power Equivalency Calculator. For more information, visit www.epa.gov/greenpower/pubs/calculator.htm

Profit gain in Singapore bunkers may jump 24%: energy markets

The profit traders can get from selling shipping fuel in Singapore, the world’s second-busiest container port, may rise 24% in 2011 after the worst slump in at least two years, a Bloomberg News survey showed.

Sellers of 380-centistoke fuel oil, or bunkers, will receive an average US$4.20 ($5.37) a metric ton more than what they pay for the cargoes in Singapore this year, according to the median estimate in a survey of six traders conducted Jan. 24-27. The difference, known as the bunkers premium, shrank to an average US$3.40 a ton last year from US$5.92 in 2009 and $12.14 in 2008, according to data compiled by Bloomberg.

Read more…

REA Group up on solar energy farm approval

Shares of Renewable Energy Asia Group (REA Group) (REAG.SI) rose as much as 4.8% on Tuesday after it said it had received approval to build a 10 megawatt (MW) solar energy farm from Inner Mongolia authorities.

At 11:38 a.m., REA Group shares were up 2.4% at $0.215 on a volume of 560,000 shares. 


REA Group will invest around 190 million yuan ($36.8 million) in the solar energy farm. In addition, the firm will develop a 250 MW wind farm and a 25 MW bio-fuel plant in the Green Energy Park in Zhenglanqi, Inner Mongolia. 

"The Chinese government is supportive of the renewable energy industry in terms of subsidizing and making sure that their pricing is favourable," said Ng Kian Teck, an investment analyst at SIAS Research. 

"But the bulk of the solar energy farm will be outsourced to a specialized party as REA Group is predominantly in the wind energy segment," he added. 

China is planning to pump in some 5 trillion yuan between 2011 and 2020 to promote the development of its renewable energy industries, REA Group said in a statement.

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R H Energy wins $10.1m contract from Inner Mongolia West Gas Corp.

Mainboard-listed R H Energy says it has been awarded with a US$7.9 million ($10.1 million) contract to provide emergency shutdown valve system to be installed along the 492 km gas pipeline from Changqing gas field to Hohhot, Inner Mongolia.

Wang Hairong, Executive Chairman and founder of the group, says, “We are very privileged to work with our customer, Inner Mongolia West Gas Corporation, on this project which is scheduled to be completed and delivered in the second half of 2011. The repeat order is another endorsement of our track record as a premier service provider in the oil and gas industry in the PRC. Including this latest award, we had been awarded a total of US$16.4 million orders by Inner Mongolia West Gas Corporation.”

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Renewable Energy Asia Group rated ‘buy’ by DMG

DMG & Partners Securities in a Jan 14 research report says: “Renewable Energy Asia Group (REAG) has secured another concession to develop a 49.5MW wind farm with its JV partner, China Datang Corporation Renewable Power Co (China Datang). The wind farm will be located in Binhai New Area, Jiangsu Province, China.

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Renewable Energy Asia Group to co-develop wind farm in Haimen City with China Datang

Renewable Energy Asia Group says it has secured a concession to develop a 49.5-megawatt (MW) wind farm in Binhai New Area, in Jiangsu Province, China.

The concession, awarded by Haimen City, is part of the Jiangsu government’s plans to develop Haimen’s wind energy resources and equipment technology.

Under the terms of the concession, the Jiangsu government will provide the land resources and infrastructure for the wind farm project, while REA Group, together with joint-venture partner, China Datang Corporation Renewable Power Co., Limited, will be responsible for the construction and subsequent maintenance of the wind farm. REA Group will have 49% stake in the wind farm while China Datang will have 51%.

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Chemoil Energy – Corporate moves

Thomas Kevin Reilly has been appointed CEO wef Jan 3
Work experience: CEO, OceanConnect Holdings, Inc

Jan 12: Singapore stocks may climb higher; Energy firms, Hyflux in focus

Singapore shares may climb higher on Wednesday after modest gains on Wall Street overnight. Energy firms may outperform the market as US oil prices jumped 2% on the back of supply concerns. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.38% on Tuesday to 3,241.49 points.

Here are some stocks and factors to watch:

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Renewable Energy Asia Group rated ‘buy’ by Phillip Securities

Phillip Securities Research in a Jan 4 research report says: “REA announced that it has entered into a term sheet to dispose the fastening business for a total consideration of $7.6 million. The disposal would have minimal impact on the profits of REA Group as based on the latest financial results (HY11), the fastening business was marginally break even while the wind energy business contributed the bulk of the net profits of RMB11.7 million.

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Chemoil Energy acquires OceanConnect’s marine fuel business for $32m, appoints new CEO

Chemoil Energy says unit Chemoil International has acquired the marine fuel group business of OceanConnect Holdings Inc for US$25 million ($32 million) which will be funded by internal resources.

In a separate announcement, Chemoil says it has appointed Tom Reilly, the former chief executive officer of OceanConnect, as its new CEO and director on Monday.

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R H Energy awarded $11.4m in contracts to design plant upgrades

Mainboard-listed R H Energy says it has won contracts worth US$8.7 million ($11.4 million), to provide process engineering design, technical services and commissioning for the upgrading of a caprolactum plant with an annual production capacity of 200,000 tonnes and a special epoxy plant with an annual production capacity of 50,000 tonnes for the Sinopec group companies.

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EMS Energy gets $15.7m order for pipelay system

EMS Energy says subsidiary Engineering & Marine Services (EMS) has secured a US$12 million ($15.7 million) contract from Koastal Industries to design, manufacture and commission a pipelay system as part of the conversion of crane vessel Truong Sa to a dynamically-positioned pipelay vessel by Vietnam oil company Joint Venture Vietsovpetro.

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HP Makes Ethernet Switches More Energy Efficient

HP is introducing its E-Series zl modules, which take advantage of the recently adopted IEEE 802.3az energy efficiency standard, which enables the modules to go into a sleep mode and wake up immediately. – Hewlett-Packard is rolling out what officials say are the first
energy-efficient network switch modules from a major vendor that adopt the new
EEE (Energy Efficient Ethernet) standard and take advantage of new HP software
to further drive efficiency and performance.
The
10 new E-Series zl modul…


French energy deals with Russia

French group Alstom has signed hydroelectric deals with Russia during a visit to Moscow by Prime Minister Francois Fillon. About 10 agreements were signed with Russian companies giving access to the strategic energy market.

Cloud Computing Could Reduce Data Center Energy Spending by 38% by 2020

Pike Research, a clean technology market research firm, projects that cloud computing could help shave data center energy spending by 38 percent by 2020. – The efficiencies provided by cloud computing could reduce global data center
energy costs by up to 38 percent by 2020, analysts say.
According to a new report from Pike Research, the energy efficiency benefits of cloud
computing are substantial, and growth in the market will have important
impli…


Explaining autism: Energy drain

The cause of autism may be faulty mitochondria

AUTISM is a puzzling phenomenon. In its pure form it is an inability to understand the emotional responses of others that is seen in people of otherwise normal—sometimes above normal—intelligence. However, it is often associated with other problems, and can also appear in mild and severe forms. This variability has led many people to think of it as a spectrum of symptoms rather than a single, clear-cut syndrome. And that variability makes it hard to work out what causes it.

There is evidence of genetic influence, but no clear pattern of inheritance. The thought that the underlying cause may be hereditary, though, is one reason for disbelieving the hypothesis, which gained traction a few years ago but is now discredited, that measles vaccinations cause autism. …

Regional energy projects declaration

Energy ministers of Serbia, Bulgaria, Turkey, Romania and Greece signed in Sofia a declaration on joint cooperation in energy projects over the next 10 years.
The declaration, which was adopted to the proposal of Serbian Minister of Energy Petar Škundrić, is based on the conclusions of the ministerial conference on the need to develop regional energy strategies.