(stock #s in %)
Market up 154/43/18. Volume a little busy. All indeces new highs. Oil: WTI up over $95, Brent up over $104. NG $4.03. 165K new jobs in April. (Construction, what the heck.) US factory orders down in March. Weaker metals demand.
BLQNE up 100 on 100 shares. WTWO up 50. PTOS up 44 on news, jump from bottom (50-day) line to over top (200-day) line, looking like a buy. HOKU up 21. JUHL up 19 on 400 shares, back over bottom (50s) lines. LMRMF up 19, back over 50s to bottom 200. LEXG up 18 off bottom. VLNCQ up 16. AMLM up 16. NENE up 12 more, another new high, crossed over 3-yr top lines. Get on board somewhere for the long trip. NPWZ up 11. ELON up 9 off bottom to 50s. Might want to look at it. RVLT up 6, day 2 of come back to top. HIIT up 6, another new high, near double since early April. Catch the ride or wait for comeback. CERP up 4 more. PSON up 3, day 5 up off recent dip bottom. CREE up 3, new high, uber double since Oct. WSGP up 2, day 3 at tops. NTCXF up 1, building mo, looks like.
CRGE down 48. CSOL down 36. CPWY down 20. GWBU down 19. ASIUF down 16. AMPD down 13, day 1 falloff from April double. Eye on. BSRC down 13, looks like double bottom with March. 433 shares. DYAI down 11, back to bunched up lines. ASPW down 11, just keeps going down, near double bottom with Jan '12. ORYN down 10, back on Jan bottom. ECTY down 9, day 2 of fall back. Keep eye on for price point for recovery to recent high and possibly beyond,.if interested. LEDS down 3, just under top (200) line. Another for your eyes. XSNX down 2. SPWR down 2 after reporting, upgrade, hit new high.
Friday, May 3, 2013
Thursday, May 2, 2013
THURSDAY CLOSE
(stock #s in %)
Market up 130/41 /14. Doesn't look like sell in May and go away. Naz new high. Volume normal. Oil: WTI 94, Brent under 103. NG down to $4.05. Ford adding 2K jobs. Buffet 10K followers on tweeter in 10 minutes.
CSKH up 36. All of 13K shares. Right. EFOI up 31, day 4 of breakout. Above 3yr 50 days. Volume in hundred Ks today. LEDs. VLNCQ up 20. Very strange chart. May have tech, may not. ECOS up 18 on light volume. SPWR up 16. Up to over $14 from $4 back in Nov. Made money for us back in '06 when they reported. Doing it again. May go higher, play that but definitely buy on the come back. REGI up 14. Big top, big volume. MKTY up 13 on 1K shares. GWBU up 13 on a lot of shares. CSIQ up 12, coming back to highs. MMMW up 12. XDSL up 12. BLDP up 11, punch out over top line. PRHL up 11. JASO up 10, jump over top 200-day. LEOM up 10. CERP up 10. AMPD up 8. PEIX, FSYS up 7. PSON up 6. NENE up 7. RVLT up 4. HIIT up 3.
VNDB down 50. PTOS down 48 on 1K shares. WTWO down 33 on 100 shares. BOPO down 32. IFXY down 26. SLMU down 25. NPWZ down 16 despite Buz Aldrin. GSPI down 15. SENY, AMLM down 14. ECTY down 9. AWSL down 9 on 800 shares. SCTY down 5, a Musk comp. XSNX, NTCXF down 3.
Market up 130/41 /14. Doesn't look like sell in May and go away. Naz new high. Volume normal. Oil: WTI 94, Brent under 103. NG down to $4.05. Ford adding 2K jobs. Buffet 10K followers on tweeter in 10 minutes.
CSKH up 36. All of 13K shares. Right. EFOI up 31, day 4 of breakout. Above 3yr 50 days. Volume in hundred Ks today. LEDs. VLNCQ up 20. Very strange chart. May have tech, may not. ECOS up 18 on light volume. SPWR up 16. Up to over $14 from $4 back in Nov. Made money for us back in '06 when they reported. Doing it again. May go higher, play that but definitely buy on the come back. REGI up 14. Big top, big volume. MKTY up 13 on 1K shares. GWBU up 13 on a lot of shares. CSIQ up 12, coming back to highs. MMMW up 12. XDSL up 12. BLDP up 11, punch out over top line. PRHL up 11. JASO up 10, jump over top 200-day. LEOM up 10. CERP up 10. AMPD up 8. PEIX, FSYS up 7. PSON up 6. NENE up 7. RVLT up 4. HIIT up 3.
VNDB down 50. PTOS down 48 on 1K shares. WTWO down 33 on 100 shares. BOPO down 32. IFXY down 26. SLMU down 25. NPWZ down 16 despite Buz Aldrin. GSPI down 15. SENY, AMLM down 14. ECTY down 9. AWSL down 9 on 800 shares. SCTY down 5, a Musk comp. XSNX, NTCXF down 3.
STUFF
EPA moved up deadline for oil/gas comps to submit requests to use alternative monitoring methods to comply with GHG emissions reporting requirement. (Sort of a squeeze bunt?)
GM joined coalition of major corps urging US action on climate change as way of boosting nation's competiveness in global marketplace. (Hay, the world's going for it, get the money out of it.)
DOE denied Freedom of Info Act request from AP over WY carbon capture project. (Is that the giant lithium find?)
Indiana Gasification project - carbon capture/storage at coal-to-gas plant - suspended. "Likely dead" after passage of bill by state legislature last week. (Probably tech challenging, too expensive.)
China soon to launch emissions trading program (they have to do more than something about their deadly pollution) ... Calif added more offsets to ease cap-and-trade supply crunch (I don't know yet which is supply side.) ... Comps report GHG emissions, but most get it wrong: study. (Study up that.)
Amazon tribes already dealing with drier weather, less humidity. (Might feel better, you think? But change in the air.)
Shell wants to double its 7% share of global LNG production. (Didn't get numbers on it.)
Study: hydrofracking could strain water resources in US west. (We were told that in '70's.) ... Water-stressed areas home to near half of fracked wells in US: report. (And Ogallala has maybe 20 yrs left.)
Researchers from DOE, Stanford have new batt design that could help solar, wind feed grid. Lithium anode, polysulfide cathode flow batt. Energy storage performance over 5.5 yrs of daily cycles in lab tests.
Funding for wind power projects up globally in 1Q13. Most for large projects. 29 deals for $6.2B, up from 22 for $4.2B in 4Q12. $3.42B onshore, $2.74B offshore. 71 deals for ~$14B in '12. VC funding for wind 3 deals for $16M in 1Q13. M&A activity 4 deals for $543M.
US commercial crude oil storage highest level since records began in '82 - 395M ... US oil production up 15.3% yoy in Feb ... 3.8% decline in US gasoline demand yoy ... 300Kb/d production increase by OPEC in April .... NG prices up 29% so far this year.
China's drilled 1st 60 exploration wells into shale formations. No production reported yet. (Will probably be 3-5 yrs before production.)
Clean/renewable energy supplied 70% of total elgen in Portugal in Q1. Increased wind, water flow. Lower demand. In '00, govt bought all el transmission lines, created publicly owned/traded comp to operate them. (Did they have problems of blackouts or brownouts?)
Virent delivered 100 gal of its bio jetfuel to AF Research Lab for tests. Wisc facility can produce 5K gal/yr of bio jetfuel. Also 10K gal/yr of gasoline, fuel chems.
Report: pesticides play part, but not single factor in bee colony collapse. (Low self esteem? We love you bees.)
Exxon pipeline spilled small amount in MO. (Probably the same pipe that spilled in Ark. So, is Exxon still testing the pressure they can run the ancient pipe at?)
FL House rejected attempts to repeal state law that allows utilities to charge customers for nuke power plant development in advance of construction.
Calpine (Houston) asking MN regulators to near double amount of el production at NG plant - 345Mw increase. Plant uses city wastewater for cooling.
Energy conservation kits available to customers of 3 OH utilities. Supports state's energy efficiency law. 9 CFL bulbs of various wattage, 2 LED night lights, a smart power strip and other.
Hawaii lawmakers failed for 2nd year to reform solar tax credit. (Slept near beach in hammock while I was there.)
German wind developer targets growth in Sweden, Belgium.
Car Charging Group (CCGI) close on 350Green acquisition.
Siemens wind profits half in Q2 yoy.
German solar FIT to fall 1.8%/mo through to July.
Rentech bought wood chip maker for $112M.
GM joined coalition of major corps urging US action on climate change as way of boosting nation's competiveness in global marketplace. (Hay, the world's going for it, get the money out of it.)
DOE denied Freedom of Info Act request from AP over WY carbon capture project. (Is that the giant lithium find?)
Indiana Gasification project - carbon capture/storage at coal-to-gas plant - suspended. "Likely dead" after passage of bill by state legislature last week. (Probably tech challenging, too expensive.)
China soon to launch emissions trading program (they have to do more than something about their deadly pollution) ... Calif added more offsets to ease cap-and-trade supply crunch (I don't know yet which is supply side.) ... Comps report GHG emissions, but most get it wrong: study. (Study up that.)
Amazon tribes already dealing with drier weather, less humidity. (Might feel better, you think? But change in the air.)
Shell wants to double its 7% share of global LNG production. (Didn't get numbers on it.)
Study: hydrofracking could strain water resources in US west. (We were told that in '70's.) ... Water-stressed areas home to near half of fracked wells in US: report. (And Ogallala has maybe 20 yrs left.)
Researchers from DOE, Stanford have new batt design that could help solar, wind feed grid. Lithium anode, polysulfide cathode flow batt. Energy storage performance over 5.5 yrs of daily cycles in lab tests.
Funding for wind power projects up globally in 1Q13. Most for large projects. 29 deals for $6.2B, up from 22 for $4.2B in 4Q12. $3.42B onshore, $2.74B offshore. 71 deals for ~$14B in '12. VC funding for wind 3 deals for $16M in 1Q13. M&A activity 4 deals for $543M.
US commercial crude oil storage highest level since records began in '82 - 395M ... US oil production up 15.3% yoy in Feb ... 3.8% decline in US gasoline demand yoy ... 300Kb/d production increase by OPEC in April .... NG prices up 29% so far this year.
China's drilled 1st 60 exploration wells into shale formations. No production reported yet. (Will probably be 3-5 yrs before production.)
Clean/renewable energy supplied 70% of total elgen in Portugal in Q1. Increased wind, water flow. Lower demand. In '00, govt bought all el transmission lines, created publicly owned/traded comp to operate them. (Did they have problems of blackouts or brownouts?)
Virent delivered 100 gal of its bio jetfuel to AF Research Lab for tests. Wisc facility can produce 5K gal/yr of bio jetfuel. Also 10K gal/yr of gasoline, fuel chems.
Report: pesticides play part, but not single factor in bee colony collapse. (Low self esteem? We love you bees.)
Exxon pipeline spilled small amount in MO. (Probably the same pipe that spilled in Ark. So, is Exxon still testing the pressure they can run the ancient pipe at?)
FL House rejected attempts to repeal state law that allows utilities to charge customers for nuke power plant development in advance of construction.
Calpine (Houston) asking MN regulators to near double amount of el production at NG plant - 345Mw increase. Plant uses city wastewater for cooling.
Energy conservation kits available to customers of 3 OH utilities. Supports state's energy efficiency law. 9 CFL bulbs of various wattage, 2 LED night lights, a smart power strip and other.
Hawaii lawmakers failed for 2nd year to reform solar tax credit. (Slept near beach in hammock while I was there.)
German wind developer targets growth in Sweden, Belgium.
Car Charging Group (CCGI) close on 350Green acquisition.
Siemens wind profits half in Q2 yoy.
German solar FIT to fall 1.8%/mo through to July.
Rentech bought wood chip maker for $112M.
THURSDAY OPEN
(stock #s in %)
Market up 61/26/8. Volume normal. Oil: WTI under $92, Brent over $100. NG down to $4.28. ECB rate cut. US trade deficit down in March to $33.8B. US jobless claims 5-yr low.
SATCQ up 28. EFOI up 22, day 4 of surge through all lines. XDSL up 20. GERS up 16. PRHL up 12, up to 50-day (bottom) lines. CERP up 9. NENE up 5, new high. PSON up 5, back over 50-days. RVLT up 2 on slight rebound.
ENSL down 32. SLMU down 25. NPWZ down 20. AMLM down 14. ZAAP down 12, back to top 3 lines. LEDS down 6, below top (200-day) line, above bottom 200. HIIT down 3, back off latest high, up 10x since July. XSNX down 2. ECTY down 2. NTCXF down 1. WSGP down 1.
Market up 61/26/8. Volume normal. Oil: WTI under $92, Brent over $100. NG down to $4.28. ECB rate cut. US trade deficit down in March to $33.8B. US jobless claims 5-yr low.
SATCQ up 28. EFOI up 22, day 4 of surge through all lines. XDSL up 20. GERS up 16. PRHL up 12, up to 50-day (bottom) lines. CERP up 9. NENE up 5, new high. PSON up 5, back over 50-days. RVLT up 2 on slight rebound.
ENSL down 32. SLMU down 25. NPWZ down 20. AMLM down 14. ZAAP down 12, back to top 3 lines. LEDS down 6, below top (200-day) line, above bottom 200. HIIT down 3, back off latest high, up 10x since July. XSNX down 2. ECTY down 2. NTCXF down 1. WSGP down 1.
Wednesday, May 1, 2013
WEDNESDAY CLOSE
(stock #s in %)
Market down 138/29/14. Volume a little heavy. Sell in May and go away to where. Oil: WTI down under $91, Brent down under $100. NG down to $4.31.
AEHI up 354. ASIUF up 36. AMPD up 24, surge to new high. CBAK up 18 off bottom. GSPI up 18. CGYV up 14. SOPW up 14. ASPW up 10. ECOS up 10. ZNNMF up 10, back toward top line. HIIT up 8. WSGP up 5, new kid on pump and dump. NTCXF up 4. ZAAP up 3.
CSKH down 35. SLMU down 33. SATCQ down 24. NGLPF down 23 on 315 shares. LEDS down 20, down to top line. CPWY down 18. SENY down 16. AMLM down 12. INIS down 12. ORYN down 12. RVLT down 10. Buy somewhere on the comeback. GEVO down 10 after reporting. LEOM down 10. XDSL down 10. CERP down 9, back to where they zoomed up from with quarter report, big volume. ECTY down 4. CJES down 2 after reporting. REGI flat after reporting.
Market down 138/29/14. Volume a little heavy. Sell in May and go away to where. Oil: WTI down under $91, Brent down under $100. NG down to $4.31.
AEHI up 354. ASIUF up 36. AMPD up 24, surge to new high. CBAK up 18 off bottom. GSPI up 18. CGYV up 14. SOPW up 14. ASPW up 10. ECOS up 10. ZNNMF up 10, back toward top line. HIIT up 8. WSGP up 5, new kid on pump and dump. NTCXF up 4. ZAAP up 3.
CSKH down 35. SLMU down 33. SATCQ down 24. NGLPF down 23 on 315 shares. LEDS down 20, down to top line. CPWY down 18. SENY down 16. AMLM down 12. INIS down 12. ORYN down 12. RVLT down 10. Buy somewhere on the comeback. GEVO down 10 after reporting. LEOM down 10. XDSL down 10. CERP down 9, back to where they zoomed up from with quarter report, big volume. ECTY down 4. CJES down 2 after reporting. REGI flat after reporting.
STUFF
World's largest IR space telescope shut down for good. (Sequester a good thing? Or was it just time?)
BP to finance $340M for 2 Gulf of Mex restoration projects. Part of $1B promised after disaster.
Sandy resulted in release of 11B gal of sewage into nearby rivers, bays.
S Am's precip increase mainly from GHG emissions, ozone hole.
Eliminating carbon footprint from Lat Am's power sector by '50 would take $66B /yr. Spending on clean/renewable energy would be half of that. "Biz as usual" would require $464B/yr by '50 just to meet region's projected rise in energy demand.
Gamesa landed 150Mw wind farm project in Brazil. 75 2Mw turbines at 5 30Mw farms. Begin 2H14, online 1H15.
Vestas got 110Mw deal in Chile. 57 1.8Mw and 2Mw turbines. 3Q13 start, online 3Q14.
Enel Green Power deal for 130Mw wind farm in Chile.
Brazil gave go-ahead to start up 18.9Mw hydropower plant.
Honda to install 27Mw wind power at Brazil plant.
Renovalia, First Reserve JV have 137.5Mw wind farm in construction. Online early '14.
Saferay (Germany) applied for permits for $300M, 135Mw solar PV plant in Chile. Expected ground break late this fall.
Germany development bank to loan 39MEuro for 14Mw solar PV plant in El Salvador. Online next year. 2 other development banks also to invest.
Alstom Renewable Power won $130M deal to supply electromech equip for 220Mw hydropower plant in Brazil. Online in '17.
Sun Ed, Petrobras pledged to build 1.1Mw solar PV plant in Brazil. Expected online this year.
Braziil pledged $1.5B in grants, loans through '16 for clean/renewable energy projects.
Brazil utility plans to increase hydropower investment ~9% to $3.3B. 4 projects.
Former chief exec of Codexis (CDXS) says economically impossible to turn cropwaste, wood, plants into fuel. He decided future is with NG. ~$3B invested in cellulosic biofuel processes since '08. Takes ~ 6 tons of raw material for 1 ton of ethanol.
DOE announced up to $13M to advance ocean power techs. To select up to 10 projects. DOE est. wave, tidal resources could gen 1/3 of total US el usage. (Add offshore wind.)
Tidal Energy (UK) got $2.5M grant from Wales to test ocean current power device. 400Kw prototype. Scale to 1.2Mw unit in '15 planned. Also developing 10Mw array for 40M Pounds.
Alternate energy mutual funds outpaced alt energy ETFs over past year. 11 alt E funds up avg 11.7% past 12 months. Avg returns for 17 alt energy ETFs basically flat.
Verizon plans to spend $100M on solar, fuel cell power at 19 US facilities in 7 states. Completion next year. Goal to reduce carbon intensity in half by '20. Sunpower solar panels, CleanEdge Power fuel cells.
Canergy (Cal) chose Chemtex, Beta Renewables for development of 25M gal/yr cellulosic ethanol facility for Imperial Valley. Construction start 1Q14. Online '16. Sugarcane feedstock. Valley can grow it year around.
AMRS reported Q1 revs $7.9M, $32.6M loss v. $94.5M loss yoy ... GEVO reported revs of $3.5M, loss $18.4M v. $19.3M yoy ... GPRE $2.6M income v. $12.7M loss yoy. Revs down $10M to $765M.
Spain researchers at Canary Islands Tech Inst using banana waste to produce gas then converted into 2G biofuel. Early stage development.
Fitch Ratings says new Brazil policies won't help domestic ethanol industry much.
Clarient (Switzerland) getting ready to go head-to-head with Novozymes, other 2G biofuels techs with their waste-to-fuel tech. Looking for partners to help fund demo plant. Several years restructuring after $2.5B buy of Sued-Chemie in '11 (catalyst maker).
'12-'13 anhydrous ethanol prices in Brazil down avg 16.3% yoy to avg 64 cents/liter.
Stockholm Enviro Inst says Europe's "fiddling" with its 10% biofuels targets endangers equity, development while supporting oil.
EU standards group proposes 26 product categories for long-term bio-based fuels R&D program.
Tullow Oil (UK) stuck at 19-month low over Ethiopia delay. Will be country's 1st crude production. Delay till late May. Had to drill 2nd well bore for hole stability. Partner Africa Oil down near 10% last 2 weeks on the skepticism. Marathon also there.
Giant concrete spheres looked at for offshore wind farm power storage. Seawater out with power gen, back in with low winds, passing through turbines. MIT says could store 6Mw of power. A few hundred would produce as much power as nuke does in an hour. $12M/sphere.
Offshore drill rigs threatened by computer viruses ... More solar workers in US than coal miners.
Argentine billionaire hopes to beat Chevron. Developing oil field with YPF. $700M stake of $1.3B fortune. Est. 23B bls reserves. Largest field in Lat Am. Vaca Muerta. $37B plan to develop. With Corporacion America, Eurnekians op 49 airports around world, produce wine, grain, oil seed, constructing $3B tunnel through Andes between Argentina, Peru.
Programmable thermostats. Think about 'm.
We Energies asking Wisc PSC to OK conversion of coal plant to NG by late '15. Last coal-burner in S East Wisc without modern pollution controls. Scrubbers, etc would cost at least $540M. $80M to convert to NG, $7M to expand local NG line. Plant provides steam heat to 450 Milwaukee bizzes. If plant retired, transmission system serving downtown area would need $132M refurb.
Clean Line Energy replacing Goldman Sachs group as codeveloper of proposed $400M, 200-mile DC transmission line intended to carry NM clean energy to western marts. Acquiring Power Network NM.
AARP pushing for utility oversight by NY.
Alliant Energy (Wisc) plans for new 600Mw NG-fired power plant in Iowa moved forward. Combined-cycle plant price up to $750M. Coal fire plan scrapped in '09.
Gevo's idled MN plant to resume commercial production in 2H13. Corn to isobutanol. System also works with crop waste, other plant matter.
Suntech (China), in bankruptcy, revs dropped 48% last year to $1.63B (prelim).
Light Source Renewable Energy (UK) may invest up to $623M this year in UK solar facilities. Wants to install up to 300Mw this year, 40 projects. Working on ~140Mw now. Each project 5-15Mw, 9-month buildout. Lightsource built 5Mw rooftop solar for Bentley.
Energy makes up 1/2 of desalination plant costs. On avg, 15Mwh of power needed per 1M gal of fresh water produced. Wastewater draws up to 8.3Mwh of power. Importing same amount into S Cal takes 14Mwh. 17 desal plants proposed in Cal, 2 in Mex. 25% increase in energy expenses would raise cost of producing water 9-15% at reverse osmosis, thermal desal plants. El prices in Cal est. to rise ~27% '08-'20 inflation adjusted.
Con Ed to test grid batt with Eos Energy Storage in NYC. Zinc-air batts with 36Kwh storage. Eos plans to sell its grid-scale systems for $160/Kwh. Competitive with NG peaking plants, copper wire for transmission, distribution upgrades. (What about superconducting wires?) "Batts get interesting at $300/Kwh." $500K project. $250K NYRDA grant. NYRDA also awarded $1.15M to 5 more comps developing energy storage systems.
Greens slammed departing Duke CEO for more talk than action on clean energy.
Architects, enviros fight attempt to repeal energy efficiency law for green bldgs.
NRC rejected TX reactor plan because of foreign ownership. To increase oversight at 3 Mile Island.
EV maker Coda declared bankruptcy.
Is this the world we want? The future we want? Onward and upward, pards.
BP to finance $340M for 2 Gulf of Mex restoration projects. Part of $1B promised after disaster.
Sandy resulted in release of 11B gal of sewage into nearby rivers, bays.
S Am's precip increase mainly from GHG emissions, ozone hole.
Eliminating carbon footprint from Lat Am's power sector by '50 would take $66B /yr. Spending on clean/renewable energy would be half of that. "Biz as usual" would require $464B/yr by '50 just to meet region's projected rise in energy demand.
Gamesa landed 150Mw wind farm project in Brazil. 75 2Mw turbines at 5 30Mw farms. Begin 2H14, online 1H15.
Vestas got 110Mw deal in Chile. 57 1.8Mw and 2Mw turbines. 3Q13 start, online 3Q14.
Enel Green Power deal for 130Mw wind farm in Chile.
Brazil gave go-ahead to start up 18.9Mw hydropower plant.
Honda to install 27Mw wind power at Brazil plant.
Renovalia, First Reserve JV have 137.5Mw wind farm in construction. Online early '14.
Saferay (Germany) applied for permits for $300M, 135Mw solar PV plant in Chile. Expected ground break late this fall.
Germany development bank to loan 39MEuro for 14Mw solar PV plant in El Salvador. Online next year. 2 other development banks also to invest.
Alstom Renewable Power won $130M deal to supply electromech equip for 220Mw hydropower plant in Brazil. Online in '17.
Sun Ed, Petrobras pledged to build 1.1Mw solar PV plant in Brazil. Expected online this year.
Braziil pledged $1.5B in grants, loans through '16 for clean/renewable energy projects.
Brazil utility plans to increase hydropower investment ~9% to $3.3B. 4 projects.
Former chief exec of Codexis (CDXS) says economically impossible to turn cropwaste, wood, plants into fuel. He decided future is with NG. ~$3B invested in cellulosic biofuel processes since '08. Takes ~ 6 tons of raw material for 1 ton of ethanol.
DOE announced up to $13M to advance ocean power techs. To select up to 10 projects. DOE est. wave, tidal resources could gen 1/3 of total US el usage. (Add offshore wind.)
Tidal Energy (UK) got $2.5M grant from Wales to test ocean current power device. 400Kw prototype. Scale to 1.2Mw unit in '15 planned. Also developing 10Mw array for 40M Pounds.
Alternate energy mutual funds outpaced alt energy ETFs over past year. 11 alt E funds up avg 11.7% past 12 months. Avg returns for 17 alt energy ETFs basically flat.
Verizon plans to spend $100M on solar, fuel cell power at 19 US facilities in 7 states. Completion next year. Goal to reduce carbon intensity in half by '20. Sunpower solar panels, CleanEdge Power fuel cells.
Canergy (Cal) chose Chemtex, Beta Renewables for development of 25M gal/yr cellulosic ethanol facility for Imperial Valley. Construction start 1Q14. Online '16. Sugarcane feedstock. Valley can grow it year around.
AMRS reported Q1 revs $7.9M, $32.6M loss v. $94.5M loss yoy ... GEVO reported revs of $3.5M, loss $18.4M v. $19.3M yoy ... GPRE $2.6M income v. $12.7M loss yoy. Revs down $10M to $765M.
Spain researchers at Canary Islands Tech Inst using banana waste to produce gas then converted into 2G biofuel. Early stage development.
Fitch Ratings says new Brazil policies won't help domestic ethanol industry much.
Clarient (Switzerland) getting ready to go head-to-head with Novozymes, other 2G biofuels techs with their waste-to-fuel tech. Looking for partners to help fund demo plant. Several years restructuring after $2.5B buy of Sued-Chemie in '11 (catalyst maker).
'12-'13 anhydrous ethanol prices in Brazil down avg 16.3% yoy to avg 64 cents/liter.
Stockholm Enviro Inst says Europe's "fiddling" with its 10% biofuels targets endangers equity, development while supporting oil.
EU standards group proposes 26 product categories for long-term bio-based fuels R&D program.
Tullow Oil (UK) stuck at 19-month low over Ethiopia delay. Will be country's 1st crude production. Delay till late May. Had to drill 2nd well bore for hole stability. Partner Africa Oil down near 10% last 2 weeks on the skepticism. Marathon also there.
Giant concrete spheres looked at for offshore wind farm power storage. Seawater out with power gen, back in with low winds, passing through turbines. MIT says could store 6Mw of power. A few hundred would produce as much power as nuke does in an hour. $12M/sphere.
Offshore drill rigs threatened by computer viruses ... More solar workers in US than coal miners.
Argentine billionaire hopes to beat Chevron. Developing oil field with YPF. $700M stake of $1.3B fortune. Est. 23B bls reserves. Largest field in Lat Am. Vaca Muerta. $37B plan to develop. With Corporacion America, Eurnekians op 49 airports around world, produce wine, grain, oil seed, constructing $3B tunnel through Andes between Argentina, Peru.
Programmable thermostats. Think about 'm.
We Energies asking Wisc PSC to OK conversion of coal plant to NG by late '15. Last coal-burner in S East Wisc without modern pollution controls. Scrubbers, etc would cost at least $540M. $80M to convert to NG, $7M to expand local NG line. Plant provides steam heat to 450 Milwaukee bizzes. If plant retired, transmission system serving downtown area would need $132M refurb.
Clean Line Energy replacing Goldman Sachs group as codeveloper of proposed $400M, 200-mile DC transmission line intended to carry NM clean energy to western marts. Acquiring Power Network NM.
AARP pushing for utility oversight by NY.
Alliant Energy (Wisc) plans for new 600Mw NG-fired power plant in Iowa moved forward. Combined-cycle plant price up to $750M. Coal fire plan scrapped in '09.
Gevo's idled MN plant to resume commercial production in 2H13. Corn to isobutanol. System also works with crop waste, other plant matter.
Suntech (China), in bankruptcy, revs dropped 48% last year to $1.63B (prelim).
Light Source Renewable Energy (UK) may invest up to $623M this year in UK solar facilities. Wants to install up to 300Mw this year, 40 projects. Working on ~140Mw now. Each project 5-15Mw, 9-month buildout. Lightsource built 5Mw rooftop solar for Bentley.
Energy makes up 1/2 of desalination plant costs. On avg, 15Mwh of power needed per 1M gal of fresh water produced. Wastewater draws up to 8.3Mwh of power. Importing same amount into S Cal takes 14Mwh. 17 desal plants proposed in Cal, 2 in Mex. 25% increase in energy expenses would raise cost of producing water 9-15% at reverse osmosis, thermal desal plants. El prices in Cal est. to rise ~27% '08-'20 inflation adjusted.
Con Ed to test grid batt with Eos Energy Storage in NYC. Zinc-air batts with 36Kwh storage. Eos plans to sell its grid-scale systems for $160/Kwh. Competitive with NG peaking plants, copper wire for transmission, distribution upgrades. (What about superconducting wires?) "Batts get interesting at $300/Kwh." $500K project. $250K NYRDA grant. NYRDA also awarded $1.15M to 5 more comps developing energy storage systems.
Greens slammed departing Duke CEO for more talk than action on clean energy.
Architects, enviros fight attempt to repeal energy efficiency law for green bldgs.
NRC rejected TX reactor plan because of foreign ownership. To increase oversight at 3 Mile Island.
EV maker Coda declared bankruptcy.
Is this the world we want? The future we want? Onward and upward, pards.
WEDNESDAY OPEN
(stock #s in %)
Market down 50/11/5. Volume slightly above normal. Oil: WTI down under $92, Brent down under $100. NG up to $4.43. US 119K new private jobs in April. US April manufacturing slowest this year in April. China manufacturing slowdown persisting into Q2.
AXPW up 14, rebound off double bottom yesterday. CGYV up 14, over 50-day (bottom) lines. MKTY up 13 on 700 shares, up at tops. MMMW up 12. PSON up 7, 50-day lines held. CERP up 4. NENE up 2, up at tops.
ENSL down 32. SATCQ down 21. LEDS down 17, back to top (200-day) line, rally called "irrational". CSKH down 11. RVLT down 11, day 2 of fall off recent top. ZAAP down 6, fall back to 3 top lines. XSNX down 2. ECTY down 2, topped out. WSGP down 2 off top yesterday, the latest advertiser stock, a graphite comp, charted only since begin April and doubled since. Got the flyer yesterday. Watch the dump.
Market down 50/11/5. Volume slightly above normal. Oil: WTI down under $92, Brent down under $100. NG up to $4.43. US 119K new private jobs in April. US April manufacturing slowest this year in April. China manufacturing slowdown persisting into Q2.
AXPW up 14, rebound off double bottom yesterday. CGYV up 14, over 50-day (bottom) lines. MKTY up 13 on 700 shares, up at tops. MMMW up 12. PSON up 7, 50-day lines held. CERP up 4. NENE up 2, up at tops.
ENSL down 32. SATCQ down 21. LEDS down 17, back to top (200-day) line, rally called "irrational". CSKH down 11. RVLT down 11, day 2 of fall off recent top. ZAAP down 6, fall back to 3 top lines. XSNX down 2. ECTY down 2, topped out. WSGP down 2 off top yesterday, the latest advertiser stock, a graphite comp, charted only since begin April and doubled since. Got the flyer yesterday. Watch the dump.
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