Chevron profit climbs, but reserves data weigh

Chevron Corp’s 72 percent rise in quarterly profit easily beat Wall Street forecasts, but anemic growth in its oil reserves disappointed investors and its shares fell 1.5 percent. Like smaller rivals ConocoPhillips and Occidental Petroleum Corp, earnings at the second-largest U.S. oil company were lifted by the strength of oil prices. But Chevron... 

AFS Trinity Reports Its Battery/Ultracap Plug in Hybrid System Is 6 Times More Durable Than Lithium Batteries Alone

AFS Trinity Power Corporation today reported independent test results demonstrating that the company’s “Extreme Hybrid” technology that utilizes batteries in combination with ultracapacitors will enable a plug in hybrid vehicle using the system to have a useful life that is 6 times greater than plug ins that use lithium batteries alone... 

SolFocus Announces Leading 25% Efficient Concentrator PV (CPV) Systems

SolFocus today announced its latest Concentrator Photovoltaic (CPV) solution — the SolFocus 1100S. This new CPV system achieves panel efficiencies of 25% resulting in systems which produce the highest energy density and highest energy yield of photovoltaic systems available today. SolFocus customer EMPE Solar will deploy the SolFocus 1100S in... 

Southern California Edison Announces Major Advance in Efforts to Offset the Environmental Impact of Coastal Power Generation

Southern California Edison (SCE) announced completion of the largest environmental project of its kind in the United States – a 175-acre artificial giant kelp reef off the coast here. With the placement of 120,000 tons of rock on the ocean floor, the project is expected to produce the nation’s first sustainable artificial kelp forest attracting... 

USA Biomass to Chair Platts’ National Biomass Power Forum

USA Biomass Chairman Robert Cleaves will chair Platts’ highly anticipated national Biomass Power Forum November 6-7 in Florida, which features biopower experts from throughout the country — including Cleaves — who will explore biomass economics, key biomass finance structures, the role biomass plays in meeting RPS, and opportunities... 

Environmental Power Announces Offering of Convertible Notes to Fund Renewable Energy Projects

Environmental Power Corporation announced the offering of its 13% Convertible Notes due January 1, 2014. Proceeds from the sale of the notes will be used to fund the construction and operation of the renewable energy projects being developed by Environmental Power’s subsidiary, Microgy, Inc., and its affiliates. The notes will be offered at par,... 

SkyFuel Unveils the SkyTrough: the World’s Highest Performance, Lowest Cost Utility-Scale Solar Power System

SkyFuel, Inc. today secured its position as the leader in the rapidly growing concentrating solar power (CSP) industry by unveiling the SkyTrough(TM): the highest performance, lowest cost utility-scale solar power system of any kind for generating electricity. With glass-free mirrors, a highly engineered space frame that allows compact transportation... 

Electricity Markets Expert to Testify Tuesday on Oil Price Speculation

Robert McCullough of McCullough Research (Portland, OR) will speak to members of the Subcommittee on Energy of the U.S. Senate Committee on Energy and Natural Resources on September 16 at 2:30 pm in Hearing Room SD-366. The purpose of the hearing is to receive testimony on recent analyses of the role of speculative investment in energy markets. Robert... 

Babcock & Brown Commences Construction of Majestic Wind Farm in Texas Panhandle

Babcock & Brown, a leader in wind energy development, operation and maintenance, today announced the closing of financing and commencement of construction of its 79.5 megawatt (MW) Majestic Wind Farm near Panhandle, Texas, northeast of Amarillo. The project is expected to finish construction and reach full commercial operation before the end of... 

Liberty Power Announces New Electricity Contract with City of Waco

Liberty Power, one of the fastest-growing, independent retail electric providers in the United States, today announced that it has signed a 24-month contract with the City of Waco to supply an estimated 58,000 megawatt-hours of power to the Texas city annually. Beginning in October, Liberty Power will supply electricity to power the city’s traffic...