Egypt unrest may push oil above $110: Kuwait official

Global oil prices could exceed $110 a barrel if political unrest in Egypt continues, a member of Kuwait’s Supreme Petroleum Council said on Sunday. Oil prices have spiked due to tension in Egypt. Brent crude hit $100 per barrel for the first time since 2008 on fears instability could spread through the Middle East, which together with North Africa... 

Business and Environmental Groups Unite in Support of Climate Legislation

Exelon Chairman and CEO John W. Rowe and Natural Resources Defense Council President Frances G. Beinecke today urged Midwest business leaders to support comprehensive climate legislation. In a panel discussion at the Economic Club of Chicago, Rowe and Beinecke said economy-wide cap-and-trade legislation to reduce greenhouse gas emissions is essential... 

State of Illinois, FutureGen Partners Highlight Significant Progress and Unwavering Commitment to Bring Project Home to Mattoon

Illinois Department of Commerce and Economic Opportunity Director Jack Lavin today assembled national, state and local partners to announce new developments in the state’s effort to secure the landmark FutureGen clean energy project. The progress report included new geophysical data that confirm the suitability of the Mattoon host site to securely... 

GreenSmith Launches Intelligent Distributed Energy Storage System (DESS)

GreenSmith Energy Management Systems, Inc., a leading innovator of intelligent Distributed Energy Storage Systems (DESS), unveiled its proprietary battery unit which shifts electricity load from peak-to off-peak. The storage system allows utilities to realize measurable reliability and cost benefits by recognizing immediate advantages of the peak versus... 

Axis Technologies Announces Order for $700,000 From Energy Innovation Group (EIG)

Axis Technologies Group, Inc., a green technology company that designs, manufactures and markets a proprietary line of energy saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry, has received firm purchase orders in November 2008 valued in excess of $700,000 for the Axis ballast from Energy Innovation Group... 

Piedmont Natural Gas Announces Membership in Council for Responsible Energy

Piedmont Natural Gas announced its membership in the Council for Responsible Energy, a coalition of more than 190 organizations that have come together to raise awareness of natural gas as the comfortable, responsible energy choice for America’s energy consumers. The Council, comprised of senior industry leaders from organizations nationwide,... 

The Brattle Group Projects $1.5 to $2.0 Trillion Investment Needed in the U.S. Electric Utility Industry by 2030

The U.S. utility industry will have to invest between $1.5 and $2.0 trillion between 2010 and 2030 to maintain current levels of reliable energy service for customers throughout the country, according to a new report issued today by The Brattle Group. The findings are detailed in “Transforming America’s Power Industry: The Investment Challenge... 

Council on Competitiveness Welcomes World Renowned Energy Pioneer Karsner as Distinguished Fellow

Today, the Council on Competitiveness announced that The Honorable Alexander “Andy” Karsner has joined the Council on Competitiveness as a Distinguished Fellow. Karsner, who recently left his post as Assistant Secretary of Energy for Energy Efficiency & Renewable Energy, brings extensive public and private sector experience to the position.... 

Samsung Everland To Install 12 UTC Power Fuel Cell Systems for GS Power in Korea

UTC Power, a United Technologies Corp. company, announced that Samsung Everland has purchased 12 UTC Power 400 kW fuel cell systems for installation at a GS Power plant in the Town of Anyang, just outside Seoul. GS Power will use the electricity from the fuel cells to provide power for about 5 percent of Anyang’s population, with 40,000 megawatt... 

Progress Energy Carolinas Again Seeking Renewable Energy Projects

Progress Energy Carolinas is again seeking proposals for potential renewable energy projects and alternative energy providers, as part of the company’s balanced strategy for meeting the growing energy needs of 1.4 million households and businesses in the Carolinas. The company issued an open-ended request for renewable proposals in November 2007,...