Eqypt produces 670kbpd oil. Suez/Sumed pipeline moves ~3mbpd. So far no slowdown. Spare Saud capacity being brought into production. 8.2mbpd to 8.4 this year. Beijing's refinering may increase 7.5% this year. Sauds already said 10% more flow to China.
Ocean water flowing into Arctic Ocean from N Atlantic warmer today than in 2k years. Fram Strait 3-5F warmer in last 100 years.
NYC proposing phasing out dirtiest heating oils by '15. 1% of city buildings emit >85% of soot. Could prevent 200 deaths/yr.
PWER gone from 9th to 2nd (11%) in inverter market share in 2 years. SMA tops at 40%. $5.3B global mart in '10. Ribbon cut this morn at PWER's AZ plant. 350 jobs. 1GW capac by midyear.
Tyco getting into LEDs. Bridgelux to supply.
In Australia, some comm carriers experimenting with bundling utility services into cell, cable packs. TX, UK consumers already buying power from retailers. But who will repair the lines after a storm?
Brit Columbia Hydro about to roll out 1.8M smart meters. Speculation ITRI picks up the contract. IFXY then? $930M plan. Install to start this summer.
Armegeddon Solar. 5 employees. Designing lightweight hexagonal solar panel for simpler install, lower cost. Funds from Tyco, DuPont. 18% efficient cells come from Suniva. Cells encased in Teflon (DuPont). $6.50/W installed, $3.50-$4 after incentives, depending on state. 1kw increments. AC systems. About to begin UL testing.
Shell cutting 10 advanced fuel techs to 5 this year. Previous exit from Fischer-Tropsch. Now exiting Cellena algae demo in HI. While in Brazil, they're going 50-50 with Cosan into eth and sugar. Also working with login E in Canada for eth from straw/enzymes. And joint program with CDXS to develop enzymes for eth. CDXS last year raised $78M in IPO, market cap $500M.
In Wichita we have thieves stealing waste grease from Burger King.
And I am out of juice. Catch it up in the morn.
Monday, January 31, 2011
CLOSE
(stock #'s in %)
Dow up 68. NAZ back to 2,700. S&P up 9. Volume light, though, in my opine. So, I think there's more down. And we still have to remember how the '29 market came back. Initially. Though we have larned since then. We should hope.
NPWZ, EVCA up 45. FEWP up 25. LEOM up 21. RNNM up 20. SSHO up 15. PSPW up 12. ALTI, WPNV up 11. FSLR raged back with up 4. PWER up 2.
WBRE down 33. SOPV down 20. HRTE down 18. NENE down 16. SLTZ down 11. EFOI down 9. I would say buy. ZAAP down 8. I'd say look at it. IFXY down 7. BWEN down 4. SSOL down 1.
Dow up 68. NAZ back to 2,700. S&P up 9. Volume light, though, in my opine. So, I think there's more down. And we still have to remember how the '29 market came back. Initially. Though we have larned since then. We should hope.
NPWZ, EVCA up 45. FEWP up 25. LEOM up 21. RNNM up 20. SSHO up 15. PSPW up 12. ALTI, WPNV up 11. FSLR raged back with up 4. PWER up 2.
WBRE down 33. SOPV down 20. HRTE down 18. NENE down 16. SLTZ down 11. EFOI down 9. I would say buy. ZAAP down 8. I'd say look at it. IFXY down 7. BWEN down 4. SSOL down 1.
OPEN
(stock #'s in %)
Market rebounding slowly, volume light. Feels like a wait-see on Egypt.
PSPW up another 50. Back up to 50-day lines. NPWZ up 45. ALTI up 19 on news. SSOL up another 6 on news.
SOPV down 29. New low. AEBF down 28. A drop off their top 200-day to fall through 50-days. NENE down another 10 to $1.50. 200-day lines ~$1.00-1.25. ZAAP down another 9. EFOI down 8, back to $1. Buyable territory. ESLRD down another 7, looks headed for $2.
Market rebounding slowly, volume light. Feels like a wait-see on Egypt.
PSPW up another 50. Back up to 50-day lines. NPWZ up 45. ALTI up 19 on news. SSOL up another 6 on news.
SOPV down 29. New low. AEBF down 28. A drop off their top 200-day to fall through 50-days. NENE down another 10 to $1.50. 200-day lines ~$1.00-1.25. ZAAP down another 9. EFOI down 8, back to $1. Buyable territory. ESLRD down another 7, looks headed for $2.
STUFF
VC funding for clean E rose from $2.1B in '09 to $3.7B in '10.
In '10, US utilities made >$80B of capital expenditures on gen, transmission, distribution. Was double that spent in '04. As much as 20% of coal fleet to be retired in next decade.
China invested $51B in clean E in '10.
India now has ~5MW solar installed. Working toward 1GW by '13, 20GW by '22. They require, though, that cells, modules be made there. But no such limitation on any other E source. Odd.
Cincinnati Zoo installing 1.56MW solar system for $11M. Panels mounted on canopy above parking lot. Will provide 20% of zoo's el needs.
Lebanon can get up to 6GW, ~ 75% of its el use, from onshore wind. They now have target of 12% clean E by '20. Maybe a stable government should come first. They suffered under severe power shortages last summer, among everything else. As much as 96% of their E needs are imported. World Bank estimates the gencap has to double over next 5 years. Spain now playing major role in transferring expertise. Grid el theft, low bill collection levels and graft other probs.
Aide Solar broke ground on 1M sq.ft. expansion of existing 1M s.f. China factory to get to 2GW/yr module capacity by yearend. US HQ in AZ.
Global solar PV demand forecast to be 20GW in '11: Solarbuzz. Latest estimate for '10 is 16GW, 117% over '09. So, looks like demand to fall from 117% increase to 25%.
Iberdrola (of Spain) filed ap for 300MW wind project near Elizabeth City, NC. US HQ in OR. They've installed >12GW around world, >4.6GW in US.
A German person's C footprint is 10 tons/yr. Same as what a large wind turbine eliminates in one day.
Portland Gen El Comp to comply now with state's new mercury emissions regs to take effect in '12.
Mitsubishi Americas got Virginia El & Power (Dominion subsid) order for gas and steam turbines for new power plant near Front Royal. Combined-cycle 1.3GW plant to go online '14-'15. Dominion portfolio >27GW, 12k miles NG transmission, gathering and storage pipeline, and 6k miles of el trans lines.
In '10, US utilities made >$80B of capital expenditures on gen, transmission, distribution. Was double that spent in '04. As much as 20% of coal fleet to be retired in next decade.
China invested $51B in clean E in '10.
India now has ~5MW solar installed. Working toward 1GW by '13, 20GW by '22. They require, though, that cells, modules be made there. But no such limitation on any other E source. Odd.
Cincinnati Zoo installing 1.56MW solar system for $11M. Panels mounted on canopy above parking lot. Will provide 20% of zoo's el needs.
Lebanon can get up to 6GW, ~ 75% of its el use, from onshore wind. They now have target of 12% clean E by '20. Maybe a stable government should come first. They suffered under severe power shortages last summer, among everything else. As much as 96% of their E needs are imported. World Bank estimates the gencap has to double over next 5 years. Spain now playing major role in transferring expertise. Grid el theft, low bill collection levels and graft other probs.
Aide Solar broke ground on 1M sq.ft. expansion of existing 1M s.f. China factory to get to 2GW/yr module capacity by yearend. US HQ in AZ.
Global solar PV demand forecast to be 20GW in '11: Solarbuzz. Latest estimate for '10 is 16GW, 117% over '09. So, looks like demand to fall from 117% increase to 25%.
Iberdrola (of Spain) filed ap for 300MW wind project near Elizabeth City, NC. US HQ in OR. They've installed >12GW around world, >4.6GW in US.
A German person's C footprint is 10 tons/yr. Same as what a large wind turbine eliminates in one day.
Portland Gen El Comp to comply now with state's new mercury emissions regs to take effect in '12.
Mitsubishi Americas got Virginia El & Power (Dominion subsid) order for gas and steam turbines for new power plant near Front Royal. Combined-cycle 1.3GW plant to go online '14-'15. Dominion portfolio >27GW, 12k miles NG transmission, gathering and storage pipeline, and 6k miles of el trans lines.
Friday, January 28, 2011
CLOSE
(stock #'s in %)
Well, that was a day. Not the 3rd Friday of the month. So it wasn't options expirations. What was it? Combo of Egypt and GDP? Or just needing a selloff. I like selloffs. It brings things back into perspective. Like valuations. And fundamentals.
NAZ and S&P down more relatively than Dow. Volume way up, especially for a Friday.
PSPW up 14. SSOL up 13. CBWP up 10. FDEI up 2. LSCG ended up 1.
RNNM down 28. SOPV down 24. NPWZ down 21. SNRY down 12. NENE, ZAAP down 6. EFOI down 5. ZOLT down 4. And FSLR down another 2 after Goldman touted it to get a new high to short. I think we all know this by now. Never trust Goldman. Ever. Except to do the opposite of what they say. Though they switch it up occasionally to keep ahead of the herd.
Well, that was a day. Not the 3rd Friday of the month. So it wasn't options expirations. What was it? Combo of Egypt and GDP? Or just needing a selloff. I like selloffs. It brings things back into perspective. Like valuations. And fundamentals.
NAZ and S&P down more relatively than Dow. Volume way up, especially for a Friday.
PSPW up 14. SSOL up 13. CBWP up 10. FDEI up 2. LSCG ended up 1.
RNNM down 28. SOPV down 24. NPWZ down 21. SNRY down 12. NENE, ZAAP down 6. EFOI down 5. ZOLT down 4. And FSLR down another 2 after Goldman touted it to get a new high to short. I think we all know this by now. Never trust Goldman. Ever. Except to do the opposite of what they say. Though they switch it up occasionally to keep ahead of the herd.
STUFF
National Fuel Cell Bus Program of FTA awarding $6.4M to Center For Trans and Enviro in Atlanta and $10M to CalStart in Pasadena for 8 projects to advance FC buses.
Detroit Ed to purchase 3.2MW landfill gas-to-el project. Septic tank junk applied to landfill to speed decomp. To meet MI clean E goal (10% by '15 the nearest), Detroit Ed to add ~1.2GW clean E, most to be wind.
Livermore Calif landfill to provide 4.3MW el. Ameresco has 20-yr PPA for the $13M project. Online late '12. Landfill gas ~50% methane.
1.85GW solar PV installed in Italy in '10. They have a feed-in-tariff. 711MW in '09. Data still out, final total cumulative installed could be 3GW. 150k systems. 4GW in pipe. '20 target 8GW. In US, 8-900MW installed in '10. 3GW ~1% Italy elgen.
Central America wind power gen grew 125% last 2 yrs.
Conoco Phillips, NRG Energy and GE Capital formed a $300M joint venture to accel emerging E tech. Plan to distribute it over next 4 yrs to 30 startups. Already investments. Alta Devices improving production economics of advanced materials for high efficiency, low-cost solar. Cool Planet Biofuels has a processer to turn woodchips, algae and crop waste into biofuels. They can ship the processer to where the feed stock is. Each machine can produce up to 1M gal/yr. And Ciris Energy - developing tech to biochemically convert coal to methane at large scale, low cost.
Dow Chem launched effort to measure/track biz value of ecosystems services. 5-yr partners with Nature Conservancy. $10M commitment. "Ecosystems services": $33T or so worth of free delivery of a healthy planet, clean water and air, pollination, habitat, soil creation, pest control, good clime, wetlands, forests, etc etc.
Sauds reportedly have 4mbpd spare production capacity and Iraq may be able to get to 3mbpd by yearend from current 2.4 with the Kurd oil. But, of course, with Egypt now in chaos oil has jumped back to $89. No we can't get a break. That would be wrong.
Drought in N. China "worst in 60 years". Threatens their wheat crop. Beijing has had no precip in last 90 days. And with that pollution. Oy.
Agave (Tequila) being looked at for biofuel. Thrives in semi-arid land. Africa, Australia, Mexico.
Spain got 3% of its elgen from solar in '10. Their wind supply bigger than hydro and coal. Clean E altogether there 34%. Wind and solar 19%. California similar in climate, latitudes and population. Wind and solar there 2%. Spain wins.
Australia cut its solar program's $500M fund to help pay for the flood damage. Didn't cut fossil subsidies, though. What's that, mates? We all feel anguish for your plight there from the flood. But what's that from your government? If the extraordinary weather is a result of the GHGs buildup in the atmos, isn't it perverse to cut funding for the solution? And even more perverse to not cut it for the problem.
And I am out. Good weekend to ye pards.
Detroit Ed to purchase 3.2MW landfill gas-to-el project. Septic tank junk applied to landfill to speed decomp. To meet MI clean E goal (10% by '15 the nearest), Detroit Ed to add ~1.2GW clean E, most to be wind.
Livermore Calif landfill to provide 4.3MW el. Ameresco has 20-yr PPA for the $13M project. Online late '12. Landfill gas ~50% methane.
1.85GW solar PV installed in Italy in '10. They have a feed-in-tariff. 711MW in '09. Data still out, final total cumulative installed could be 3GW. 150k systems. 4GW in pipe. '20 target 8GW. In US, 8-900MW installed in '10. 3GW ~1% Italy elgen.
Central America wind power gen grew 125% last 2 yrs.
Conoco Phillips, NRG Energy and GE Capital formed a $300M joint venture to accel emerging E tech. Plan to distribute it over next 4 yrs to 30 startups. Already investments. Alta Devices improving production economics of advanced materials for high efficiency, low-cost solar. Cool Planet Biofuels has a processer to turn woodchips, algae and crop waste into biofuels. They can ship the processer to where the feed stock is. Each machine can produce up to 1M gal/yr. And Ciris Energy - developing tech to biochemically convert coal to methane at large scale, low cost.
Dow Chem launched effort to measure/track biz value of ecosystems services. 5-yr partners with Nature Conservancy. $10M commitment. "Ecosystems services": $33T or so worth of free delivery of a healthy planet, clean water and air, pollination, habitat, soil creation, pest control, good clime, wetlands, forests, etc etc.
Sauds reportedly have 4mbpd spare production capacity and Iraq may be able to get to 3mbpd by yearend from current 2.4 with the Kurd oil. But, of course, with Egypt now in chaos oil has jumped back to $89. No we can't get a break. That would be wrong.
Drought in N. China "worst in 60 years". Threatens their wheat crop. Beijing has had no precip in last 90 days. And with that pollution. Oy.
Agave (Tequila) being looked at for biofuel. Thrives in semi-arid land. Africa, Australia, Mexico.
Spain got 3% of its elgen from solar in '10. Their wind supply bigger than hydro and coal. Clean E altogether there 34%. Wind and solar 19%. California similar in climate, latitudes and population. Wind and solar there 2%. Spain wins.
Australia cut its solar program's $500M fund to help pay for the flood damage. Didn't cut fossil subsidies, though. What's that, mates? We all feel anguish for your plight there from the flood. But what's that from your government? If the extraordinary weather is a result of the GHGs buildup in the atmos, isn't it perverse to cut funding for the solution? And even more perverse to not cut it for the problem.
And I am out. Good weekend to ye pards.
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