Iceland's state-run energy company, Landsvirkjun, is considering manufacturing the world's longest sub-sea electric cable so it can bring its abundance of geothermal energy to interested parties in Europe.
American Depositary Receipts (ADRs) of Chinese solar wafer and module manufacturer ReneSola Ltd. (NYSE: SOL) (market cap $799 million) fell 16.74% Tuesday -- and recovered 3% in early trading today -- after reporting strong 2010 revenue and earnings growth, but scaring investors with lower gross margins in Q4 compared to Q3 and with a forecast that Q1 2011 revenues will be 14%-20% lower than Q4 2010 revenues.
(OTHER NEWS: Western Wind Energy Corp., A123 Systems, Inc.)
The Scottish government recently announced that it would aid in the creation of 22,000 new green jobs in the next four years.
The jobs will span manufacturing, scientific research, and innovation in both the renewable energy and carbon industries.
Shares of First Solar, Inc. (Nasdaq: FSLR), the world’s largest solar company by market value, fell 4.5% in overnight trading -- and dipped another 3% in early trading today -- after reporting Thursday its 2010 financial results and forecast for 2011. The share price reacted to the company’s drop in revenue in Q4 2010 compared with Q4 2009 and with Q3 2010 and its decision to cut prices in anticipation of government solar subsidy cutbacks that could reduce market demand in Europe.
Here are two very different advanced biofuel strategies: Green Plains Renewable Energy, Inc. (NASDAQ: GPRE) is producing algae from byproducts at one of its commercial ethanol plants to make biodiesel, and Codexis, Inc. (NASDAQ: CDXS) is developing biocatalysts to produce advanced biofuel and pharmaceuticals and to remove carbon from smokestacks.
Increasingly, major corporations -- outside of the usual suspects and across all sectors -- are setting targets to 'green' their operations including food manufacturers, car companies and consumer electronics. Now elevator manufacturers can be added to that growing list of environmentally responsible companies.