N.Y. Tidal Power Project Clears Final Regulatory Hurdle

Verdant Power has received the permits needed to install the first tidal wave turbines in the US, in the East River, off the coast of NYC. In this pilot project, the turbines will produce 200 kilowatts of power, enough to power a grocery store and parking lot on Roosevelt Island. After a successful test, the company hopes to install a field of 200 – 300 turbines in the area. That would be enough turbines to generate 10,000 kilowatts, which would power about 8,000 homes. Other tidal power projects are in varying stages of design or operation in Europe, Canada and the United States, include: A permit application to install 100 to 300 tidal turbines in Deception Pass that would supply power to a local utility. A prototype 300 kilowatt offshore turbine installed in 2003 for testing in the Bristol Channel at Lynmouth, North Devon, England. Marine Current Turbines, also in England, is studying the same area for a 12-turbine project which would generate power for about 5,500 homes. A 15 kilowatt generator at Loche Linnhe in Scotland designed and tested by IT Power.

Read More

House Appropriations Committee Supports Mandatory Emissions Caps

An historic moment: The House Appropriations Committee went on record May 10th in support of addressing global warming through a mandatory cap on U.S. emissions. The panel accepted an amendment which endorses capping greenhouse gas emissions as long as the program does not harm the U.S. economy. The amendment also requires participation from international trading partners. Here’s a reaction from Senate Energy Chairman Domenici and Ranking Member Bingaman: “The bipartisan decision of the House Appropriations Committee to adopt a resolution on global warming that is identical to the Sense of the Senate resolution passed last year and is an important indicator of the growing interest in Congress to responsibly address global warming.”

Read More

Clean Diesel Reports Q1 Results

Clean Diesel Technologies, Inc. (EBB: CDTI, AIM: CDT/CDTS & XETRA: CDI), a developer of technological solutions to reduce harmful engine emissions, increased revenue by 40% for the first quarter (compared to Q1 2005)to $269,000. Net loss for the quarter was $1,584,000 ($0.06 loss per share), compared to the previous year of $1,184,000 ($0.07 loss per share). Platinum Plus fuel borne catalyst (FBC) sales and other revenue increased in the first quarter of 2006. Clean Diesel has won several new customers in Europe and the US, and also is seeing strong additive growth from the U.S. mining sector. Dr. Bernhard Steiner, President and CEO, commented: “The Company continues to see a growing demand for its technologies. Recent interest in alternative energy, pending emission reduction requirements in the United States, Europe and Asia, and growing environmental activity, are providing Clean Diesel with global opportunities. Clean Diesel is now operating on four continents and rapidly expanding its partner and customer base to address demand.” Dr. Steiner added: “With the looming 2007 – 2010 emission reduction requirements for NOx and particulate matter, Clean Diesel’s technologies have gained substantial interest and acceptance with original equipment manufacturers and Tier one suppliers. As a result, Clean Diesel […]

Read More

AFV Solutions Raises $4.7M

AFV Solutions, Inc. (OTCBB:AFVS), has closed a private placement amounting to approximately $4,750,000. “Completion of this private placement gives us the necessary working capital to support our operations for at least the next 24 months,” stated Jeff Groscost, President of AFVS. “With this new capital, we plan to commence hiring additional employees and aggressively seek to expand our operations.” AFV Solutions also announced a new Southern California showroom, which will be primarily utilized for showcasing its products, including the Electric bus produced by the Wu Zhou Long Motors Group of Shenzhen China, anticipated to be in the showroom by the end of May. The new 6,000 Sq ft facility will provide Nelson Barba, Head of International Sales, the ability to build a sales force to distribute and sell CNG, LPG and electric hybrid buses under the exclusive agreement between AFV Solutions and Shenzhen Shi Wu Zhou Long Motors. AFVS has an exclusive sales and marketing agreement in Mexico, Peru, India, the Philippines, and most importantly, the United States. AFV Solutions will be hosting a grand opening at the showroom on June 9th open to the public and local media to view and ride in the company’s buses, electric cars, and […]

Read More

ADM Selects Cedar Rapids for Second Large Ethanol Plant

Archer Daniels Midland Company has selected Cedar Rapids, Iowa as the second location for its ethanol capacity expansion. The Company will build a dry corn milling plant with an initial annual capacity of 275 million gallons adjacent to the existing corn processing plant. The company recently announced it would build its first 275 million gallon plant in Columbus, Nebraska. Construction on the Cedar Rapids expansion, expected to be complete in the second half of 2008, is subject to applicable governmental approvals. Archer Daniels Midland Company (ADM) is one of the world’s largest processors of soybeans, corn, wheat and cocoa. ADM is also a leader in the production of soybean oil and meal, ethanol, corn sweeteners and flour. Website: [sorry this link is no longer available]     

Read More