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Energy

• Energy, Humor

  New Renewable Power Source

  03.28.08 | Permalink | Comments Off on New Renewable Power Source

  Custom Low RPM AlternatorPhoto Credit: The Other Power I promised not to make the Renewable Energy Journal a humor site when we posted our first renewable-related humor on wind power. But, we came across this project and it was simply too good to pass up for commentary. So, without further ado, here’s the striking new, […]

• Business, Energy

  Ormat Revenue Up, Net Down

  03.27.08 | Permalink | Comments Off on Ormat Revenue Up, Net Down

  Geothermal and waste heat harvest equipment maker and electricity generator Ormat issued a short earnings preview this morning stating that revenue was up year over year from $72M to $73M. Net profit however dropped from $87M to $47M; however, the prior comparison period had a one-time capital gain of $47M reported. Excluding this gain, profit […]

• Energy

  6MW Waste Heat Project Announced

  03.27.08 | Permalink | Comments Off on 6MW Waste Heat Project Announced

  Recently Nevada Power Corporation, MidAmerica Holdings, and Ormat announced a project to recover waste heat at the Kern River Gas Transmission station at Goodsprings, about 35 miles south of Las Vegas. The project, scheduled to go into commercial operation subject to regulatory approval in 2010, will be sufficient to supply around 1,200 homes with electricity. […]

• Business, Energy

  Polaris Raises $27M

  03.26.08 | Permalink | Comments Off on Polaris Raises $27M

  Polaris Geothermal, who recently announced a successful well test on their Nicaraguan concession, has recently announced a debt funding round of $27M in exchange for 27,000 units. A unit will consist of $1,000 in 9.5% senior debt, 667 warrants, and 75 penalty rights. The debt is due in 18 months time and will be paid […]

• Energy, Innovation, Technology & Science

  SkySails takes Flight

  03.25.08 | Permalink | Comments Off on SkySails takes Flight

  Maiden Voyage of SkySailPhoto Credit: SkySail In December, 2006, Return to the Age of Sail, we first reported on SkySails. The concept is simple, use an enormous kite-sail in conjunction with conventional propulsion to reduce the fuel requirement for cargo ships. Rather than investing in masts and extensive rigging, the SkySails approach is to fly […]

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