UN Environment Program: clean E investments reached record $211B in '10. 1st time ever grew more in developing countries v. developed. $72B v. $70B. OK, what kind of countries did that other $69B go to? 3rd world? China did $49B. 28% growth. S. and C. America up 39% to $13B. India up 25% to $3.8B. Mideast/Africa up 104% to $5B.
AT&T to install 7.5MW of Bloom E servers @ 11 CA facilities. They sell @ $700k for 100kw. Solid oxide fuel cells that convert NG into el @ ~ 50% efficiency. In June, Bloom signed up w/ a Delaware utility for 30MW. Cumulative fed, CA state credits can come to $8.25/W. Do that math. And the Blooms can get data centers offline.
Chesapeake E to spend $1B to promote wider use of NG as transportation fuel. Starting with $150M investment in CLNE (T. Bone Pickens). Then $155M in Sundrop Fuels. They make a gas substitute from plant material and NG and planning their 1st commercial-scale biorefinery online next year using Exxon's meth-to-gasoline process. CLNE's going to build 150 LNG fueling pumps at Pilot-Flying J Centers.
Chevron, within the Q2 projections, announced US oil production running 1.8% lower than last year, intl output down 2.4%.
DOE announced 28 contracts to sell that 30M bls from the strategic reserve at $104 to $109. Um, oil is trading at $95-6. And this tells us what? In '05, after Katrina, the govt wanted to sell 30M bls but demand was so low they only sold 11M. Was this also a move to get a few bucks in the bank in case of default? O come on. The United States of America default?! We might as well move to China now. Or Brazil.
China: PV solar cap to hit 10GW by '15 and at least 50GW by '20. Also 13GW of biomass powergen by '15.
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