Tag Archives: carbon emissions

Successful Tesla IPO “Charges” Electric Car Market


In the midst of a struggling economy, it always feels good to hear about a company that has managed to carve out some success despite the trying times. It feels even better when that company is a key player in the green technology sector. In this case the company is Tesla Motors [Nasdaq: TSLA], the manufacturer of the groundbreaking Tesla Roadster.

A June IPO (Initial Public Offering) for Tesla managed to raise 200 million dollars in equity financing for the company, the first US automaker to go public in 54 years. The success of their financing push in the midst of the current financial turmoil is an encouraging sign for the electric car market in general, signaling that investors (and hopefully consumers) are ready to move on the technology. In addition since IPO’s in general have lost popularity with investors since the dot com crisis earlier this decade, the relative strength of Tesla’s IPO may be another herald of success.
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Leading Tech Businesses Work to Reduce Pollution from IT Sector

Big IT Groups to Cut CO2 Pollution from IT Sector
Key players in the information technology industry were able to reduce thier carbon dioxide emissions by a total of 32 million metric tons of over a period of three years, according to a study performed by Natural Logic covering the period starting July 1, 2007 and ending June 30, 2010.

Natural Logic helps companies and communities prosper by identifying strategies to increase environmental performance. By increasing efficiency and reducing impact, these techniques help to build profit, bolster competitive advantage and increase quality of life for the companies and communities they serve.

A few of the larger companies that were most recognized for thier efforts to cut energy used by thier computers and computer networks are: Cisco Systems Inc. [NASDAQ: CSCO], Google Inc. [NASDAQ: GOOG], Intel Corp. [NASDAQ: INTEL], Dell Inc. [NASDAQ: DELL], Hewlett-Packard Co. [NYSE: HPQ], and Microsoft Corp. [NASDAQ: MSFT]. Continue reading

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Disagreement over Pollution affects Climate talks

polluted air and the clean air act
Climate change legislation in the Senate may be dependent upon the secret meetings that have been going on between a select group of environmentalists and a number of electric utility executives. Chris Miller the top energy executive for Majority Leader Harry Reid initiated the meeting, with the hope of resolving more then a decade of dispute on Clean Air Act regulations. Another aim of the meeting was to cut down and limit greenhouse gas emissions.

From reliable sources, both groups are adamant and not budging an inch. The power companies are insisting on relief from air pollution rules, and want special dispensation applicable only to their industry.A failure to reach a compromise among the major players may cause Reid to eliminate the greenhouse limits altogether from the bill which is being submitted in less then two weeks. On Monday night, several prominent people were present at the Caucus Room restaurant to discuss key issues, from the allocation of valuable emission allocations in a utility-only climate bill to not using aging coal fired power plants anymore. Talks were not fruitful over the air pollution regulations. Continue reading

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GE to Pledge $200 Million Investment on Power Grid Technology

General Electric to turn the tide of sustainable energy sourceGE and its partners are launching yet another project to increase Power Grid Technology by working together with key industries that are interested in renewable energy. Some of the key players are Emerald Technology Ventures, RockPort Capital, Foundation Capital, Kleiner Perkins, and Caufield & Byers. Jeff Immelt, GE Chairman and CEO, said that GE is putting $200 million in capital investment to fund ideas that will pave the way for the creation of technologies that will support energy generation in renewable energy sector.

The challenge entitled “GE ecomagination Challenge: Powering the Grid” aims to attract scientists, businessmen, newbies and old ones to collaborate and share their insight to create the next generation power system that will help the demands of people of the current century. Immelt believes that pushing innovation at the heart of scientists and investors and policy makers will accelerate efforts to improve how we use energy and the way we generate it. The company is seeking qualified partners that will join their ranks in discovering new ways to power up the grid to create a cleaner energy source that will be used in the future. Continue reading

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Leading companies look to Climate Bill for green job stimulus

The environment is sufferingNextEra Energy, Levi Strauss & Co., Tetra Pak Inc & Diversy again, make a call for the Climate Bill. As the senate begins its session on clean energy legislation, the country’s businesses are again asking for a limit on fossil fuel pollution. They say such a policy is crucial for creation of job opportunities and also for the provision of regulatory certainty, that businesses require for planning and investing in the long term. The CEO of NextEra Energy (parent company of Florida power and light), Lew Hay said the U.S is still in dire need of a long term national strategy despite years of debates and half measures. He said as a result the country lags behind other countries in construction and exportation of the clean energy economy of the future. He further said if the country is going to continue leading, there is a need for a new approach. The fist and crucial step of the American Power Act is to determine a price on carbon emissions. Continue reading

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The Recovery Act Gives Government Funds to Homeowners to Make Their Homes More Energy Efficient

Steps Involved to Weatherizing Your HomeThe government is currently working to implement the Recovery Act where up to 82,000 families are eligible to receive funds to make their homes more energy efficient. If you have not contacted an agent with the Department of Energy, now is your chance. With a little luck and persistence, perhaps you could be one of the 82,000 households who will get to take advantage of the program. Cathy Zoi, US Department of Energy Assistant Secretary for Energy Efficiency and Renewable Energy is heading the Recovery Act program.

Reducing Carbon Dioxide Emission

The United States is working to reduce the amount of carbon dioxide produced in the US. Thousands of households will receive government-backed weatherizing program funds that will be used to increase home insulation or improve energy efficiency of home heaters. The project started in February 2009 and has covered more than 240,000 homes to date. The project is expected to use $5 billion dollars of the $11 billion dollar sustainable energy investment fund. Continue reading

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Mobile Networks Reducing Operating Expenses Using Renewable Energy

The increasing demand of mobile electronic gadgets and multimedia has pressed more demand for electricity among power producers. While electricity is available in almost all areas nowadays, the required grid power or household power to support an entire community of … Continue reading

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