1. Home
  2. Articles posted by: Rona Fried (Page 1551)

Environmental Power Corp to Supply Poop Power to PG&E

California utility Pacific Gas & Electic (PG&E) has signed an agreement with Microgy, Inc., a subsidiary of Environmental Power Corporation (Amex: EPG), to deliver gas made from cow manure. PG&E will purchase of up to 8,000 million cubic feet of pipeline quality cow power daily. Microgy plans to construct four production facilities on the site of large dairy farms in California and interconnect those systems to PG&E’s extensive gas pipeline network. “The state of California is the largest dairy producer and the largest energy consumer in the U.S.” said Rich Kessel, President and CEO of Environmental Power. “This agreement is an important step towards developing an important renewable energy source from California’s vital agricultural sector.” “Biomethane takes the problem of air pollution and greenhouse gas emissions and turns it into a key part of the solution to California’s reliance on fossil fuels,” said Allen Dusault, Biofuels Project Director for Sustainable Conservation, an environmental nonprofit. “We’re excited about the opportunity this presents to make these renewable energy projects work economically for both dairies and utilities,” said Michael Marsh, CEO of Western United Dairymen. “This is a market-based solution, which we prefer over mandates.” PG&E is committed to reducing carbon emissions in […]

Read More

Health Canada Approves Martek DHA for Food

Martek Biosciences Corporation (Nasdaq: MATK) announced that now all of its DHA omega-3 products have been approved by Health Canada for use as food ingredients in most foods. The approval allows for per serving levels of not less than 8 mg and not more than 100mg of Martek’s DHA. Martek’s DHA omega-3 oils are marketed to consumers and appear as an ingredient on food packaging under the brand name life’sDHA(TM). “Martek will be better equipped to compete for the DHA-enriched food market in Canada with this additional approval,” said Steve Dubin, Martek’s CEO. Martek’s life’sDHA(TM) contains the long-chain polyunsaturated fatty acid DHA (docosahexaenoic acid), the key omega-3 fatty acid for brain, eye and heart health and function. Numerous scientific studies demonstrate that people of all ages, from infants to adults, may benefit from an adequate supply of DHA omega-3 in the diet. Yet, despite its importance, natural food sources of DHA omega-3 are limited, making it difficult for many people to get enough DHA omega-3 in their diets. In June 2006, another DHA omega-3 product by Martek was also approved by Health Canada for use as a food ingredient. Martek’s DHA oils have been approved for use in infant formula […]

Read More

World Wildlife Fund and Insurance Company Tackle Climate Change

The insurance industry should do more to address the growing impact of climate change-induced damages, according to a new report by the World Wildlife Fund (WWF) and the Allianz Group, one of the world’s largest insurance providers. The report, Climate Change and Insurance: An Agenda for Action in the United States, examines the latest scientific findings about climate change, including the impacts of forest fires, storms and floods, and the potential impact on the insurance industry and its customers. Rising sea levels, intense hurricanes and frequent, larger forest fires could make insurance unaffordable for customers in high-risk areas. In fact, insurance premiums in states vulnerable to hurricanes are already increasing, and in some cases, insurers are exiting these markets altogether. Allianz and WWF intend to engage the insurance industry, governments, regulators and others to better manage the risks associated with climate change. One key recommendation for addressing the potentially adverse consequences of climate change in the US is for both governments and insurance companies to help correct market distortions and communicate appropriate signals to homeowners, businesses and consumers moving into high risk areas. The report points to the need by regulators to consider carefully the impact of programmes, like the […]

Read More

WorldWater Achieves Record Revenue for Quarter

WorldWater & Power Corp. (OTC BB:WWAT.OB), developer and marketer of proprietary high-horsepower solar systems, announced preliminary results for the third quarter ended September 30, 2006 and provided guidance for the remainder of 2006 and for 2007. Revenue for the third quarter, a record, will be in the range of $5.8 – $6.1 million, and gross margins will also be at record highs. In addition, the company announced that it is making substantial progress toward completion in the fourth quarter of its largest installment to date, the $7.8 million Farm ACW avocado ranch in California. WorldWater & Power expects that revenue in the fourth quarter will be between $8.5 and $9.2 million, with additional improvement in gross profits. “We are very pleased to announce that, as expected, we will post our best quarter in the company’s history when we report full financial results in mid-November,” said Quentin T. Kelly, Chairman of WorldWater & Power Corp. “We are on course for continued improvement during the fourth quarter and have basis to project significantly stronger growth in 2007. We also expect to close the Entech acquisition by the end of 2006 and are currently submitting joint bids on projects as large as 50 […]

Read More

Ballard Announces US$22M Agreement With General Hydrogen

Ballard Power Systems (TSX:BLD.TO; NASDAQ:BLDP) has signed an agreement valued at approximately US$22 Million with General Hydrogen Corporation to supply 2,900 Mark 9 SSL(TM) fuel cells. The fuel cells will be integrated into General Hydrogen’s products which are being sold to customers converting from conventional lead-acid batteries in their materials handling fleets. Ballard expects to ship fuel cells ranging in size from 4 to 20 kilowatts, with roughly one-quarter of these units to ship in 2007, and the balance to ship in 2008. This year, through September 30, 2006, Ballard has shipped 100 Mark 9 SSL(TM) fuel cells. With this agreement, Ballard has exceeded its publicly stated corporate goal of shipping or booking 300 Mark 9 SSL(TM) units in 2006. “General Hydrogen is a key leader in commercializing fuel cells in the materials handling equipment market. Our Mark 9 SSL(TM) product has been performing exceptionally well in equipment sold and delivered by General Hydrogen to fuel cell forklift customers. End-users are reporting strong satisfaction with durability and performance,” said Noordin Nanji, Ballard’s Chief Customer Officer. “This follow-on order from General Hydrogen reflects end-user confidence in our ability to meet market needs in terms of product cost, reliability and supply as […]

Read More

Senators Introduce Climate Change Legislation

U.S. Senators John Kerry (D-MA) and Olympia Snowe (R-ME) on Friday introduced aggressive bipartisan global warminglegislation. “For years now on climate change, Washington keeps postponing the reckoning until the day after tomorrow. The world is changing and now the reckoning is real. Scientists are now warning that we are moving closer to several ‘tipping points’ that within a decade could make it impossible to avoid irreversible damage to the planet,” said Senator Kerry. “Each passing day brings yet more evidence that we are facing a climate crisis that demands immediate action. Senator Snowe and I are working to bridge the ideological divide to develop this bipartisan proposal and offer a roadmap for the future. Quite simply, this is a plan that actually does what the science tells us we have to do. Senator Snowe and I will be working to change the dialogue in Congress on this issue and make progress instead of just making noise.” “America has led the charge in overcoming every challenge of the 20th Century, and we must continue to lead the international community as we confront the growing problem of dramatic climate change in the 21st Century. By transforming our world energy strategy, and focusing […]

Read More