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PepsiCo Lauded as EPA Green Power Purchaser of 2007

PepsiCo purchases more than 1 billion kilowatt-hours of green power annually, which makes it the largest purchaser of green power in the nation among EPA Green Power Partners. PepsiCo has received a 2007 Green Power Leadership award from the U.S. Environmental Protection Agency (EPA), which recognizes leading national green power purchasers for their commitment and contribution to helping advance the development of the nation’s green power market. PepsiCo also ranks No. 1 on EPA’s Fortune 500 List of green power purchasers. The goal of EPA’s Fortune 500 Challenge is to exceed 5 billion kilowatt-hours of collective annual green power purchasing among the America’s largest companies. Currently, there are nearly 50 Fortune 500 companies in EPA’s Green Power Partnership. Based on national average emissions rates, the U.S. EPA estimates PepsiCo’s purchase is the same amount of electricity needed to power nearly 90,000 average American homes annually. “Green power” is defined as electricity that is generated from environmentally preferable renewable resources, such as solar, wind, geothermal, biogas, biomass, and low-impact hydro. Three of Pepsi-Cola largest bottlers in North America also purchased renewable energy certificates (REC) to match 100% of the electricity used by their U.S. operations. Combined, The Pepsi Bottling Group, Inc., […]

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GE Energy Signs $730M Wind Turbine Agreement

GE Energy (NYSE: GE) has signed a global agreement with the renewables division of EDP – Energias de Portugal, SA, the world’s fourth largest wind project developer. GE will supply over 500 megawatts (MW) of wind turbines for EDP’s 2008 and 2009 projects in Europe and the U.S. The agreement is valued at $730 million, bringing GE Energy’s recent wind turbine order announcements to more than $1 billion. GE will: — Supply Neo Energia, the European renewable branch of EDP, with 80 2.5xl wind turbines for new wind projects in Europe — Provide Horizon Wind Energy LLC, EDP’s American branch, with 201 1.5MW wind turbines for projects in the U.S., at sites yet to be determined. EDP, Portugal’s largest power group, purchased Houston-based Horizon earlier this month, as part of an expansion into the North American wind energy industry. “In the U.S. and around the world, we continue to see strong interest in the production of cleaner, wind-generated electricity,” said Victor Abate, Vice President-Renewables for GE Energy. “In the U.S. alone, more than 2,400 megawatts of new wind power was installed in 2006 while worldwide, more than 15,000 megawatts were installed, according to the Global Wind Energy Council.” Says Antonio […]

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Earless Corn?

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Millennium Cell, Horizon Fuel Cell Sign Letter of Intent

New Jersey- based Millennium Cell Inc. (NASDAQ: MCEL) and Singapore- based Horizon Fuel Cell Technologies Ltd. have agreed to jointly develop and sell hydrogen fuel cell products on a global basis. They also agreed to exchange equity in their companies valued at $5 million. Under the LOI, each company will receive preferred product pricing, as well as the ability to resell certain products developed by the two companies on a global basis. Millennium Cell issued Horizon approximately 12% of its outstanding shares in exchange for a non-interest bearing convertible note in the principal amount of $5 million. The one-month note from Horizon will automatically convert into approximately 7% of Horizon’s outstanding common stock upon a vote by Horizon’s shareholders. Both parties have agreed to a one year lock-up period for the common stock. In August, Horizon licensed Millennium Cell’s Hydrogen on Demand® technology for the purpose of co-developing compatible hydrogen storage cartridges for the next wave of Horizon fuel cell products. The new agreement strengthens their relationship and enhances their ability to jointly develop and sell products. Several products have already been identified for development. Horizon recently demonstrated an emergency power unit for the first time at the CEATEC Japan […]

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Congressional Wrap-Up

Capitol Hill was busy last week as Congress focused on energy issues. In addition to the energy bill introduced by Senators Joseph Lieberman (D-Conn.) and John Warner (R-Va.), the following measures also drew attention: 25 X ’25 On Tuesday the House of Representatives passed a resolution setting a goal to expand renewable energy production to 25% of total U.S. energy by the year 2025. Currently, only 6% of U.S. total energy needs is met by renewable energy sources. A Renewable Electricity Standard is key to the House energy bill passed in August. The Senate’s energy bill contained no such standard, but would expand and accelerate the Renewable Fuels Standard for the automotive industry. The House and Senate are attempting to reconcile the different bills. New Farm Bill Leaving Committee Word from the U.S. Senate Agriculture Committee is that the latest version of the Farm Bill will provide $1.3 billion dollars over five years for investments in farm-based energy, including grants and loans for cellulosic bio-refineries. The bill will be fine-tuned this week before going to the Senate floor next week. Obama and Harkin Offer Ethanol Bill Senator Barack Obama (D-IL), a 2008 presidential candidate, and Senator Tom Harkin (D-Iowa), chairman […]

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Wal-Mart's Live Better Index Shows Americans are Buying More Green Products

Wal-Mart customers are increasing purchases of green products says the company in its first update of its Live Better Index data. The Index was introduced this April to serve as an ongoing barometer of consumer attitudes and shopping behaviors. One focus of the ongoing study is products and attitudes surrounding environmental issues. The most popular products are extended-life paper products, compact fluorescent light bulbs and organic milk. Customers in Vermont are top adopters for all categories. Californians, followed by Connecticut and New Hampshire purchased the most compact fluorescent lightbulbs (CFLs) with an adoption rate of nearly 25%. Californians also led in purchases of organic baby food. Rhode Island leads the country in adoption of organic milk and Arkansas leads the way in adoption rates of compact laundry detergent. New Jersey jumped from #47 to #1 in extended-life paper products, which have also increased across the country because of increased offerings. This year’s Index survey reveals that while 43% of Americans think they will be “extremely green” in the next five years, only 11% of Americans classify themselves as “extremely green” today. Wal-Mart will now offer only concentrated liquid laundry detergent. The changeover is currently underway in the Southern region. The […]

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