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$1 Billion Clean Technology Investment Goal Eclipsed

The Investor Network on Climate Risk (INCR) announced that its members have allocated more than $1 billion of their assets to clean technology ventures over the past 18 months. Pennsylvania State Treasurer Robert Casey Jr. pledged $90 million of state funds to a new Keystone Green Fund and other clean technology investments – that brings INCR’s total clean technology investments to more than $1 billion since spring 2005. California’s two largest pension funds have led the way, along with state treasurers and comptrollers from New York and Oregon. All are members of INCR, a three-year-old alliance of 50-plus leading investors whose collective assets total more than $3 trillion. The Cleantech Venture Network forecasts that cleantech venture capital investment opportunities for major institutional investors globally through 2009 are estimated at $17 billion, with $10 billion in North America, $5 billion in Europe and $2 billion for the rest of the world. “Cleantech now resides with the heavyweights in the world of innovation and investing,” said Nicholas Parker, co-founder and chairman of the Cleantech Venture Network. “The $843 million in cleantech deals tracked by the Cleantech Venture Network in second-quarter ’06 totaled 12.4 percent of overall venture investment, placing cleantech behind only […]

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Clinton's Roadless Rule Back in Place

URL: http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/115880914115780.xml&coll=7 Website: http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/115880914115780.xml&coll=7     

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DOE Releases Climate Change Technology Program Strategic Plan

The U.S. Department of Energy (DOE) has released the Climate Change Technology Program (CCTP) Strategic Plan, which details measures to accelerate the development and reduce the cost of new and advanced technologies that avoid, reduce, or capture and store greenhouse gas emissions. Said U.S Secretary of Energy Samuel Bodman, “This Strategic Plan is unprecedented in its scope and scale and breaks new ground with its visionary 100-year planning horizon, global perspective, multi-lateral research collaborations, and public private partnerships.” The CCTP Strategic Plan organizes roughly $3 billion in federal spending for climate technology research, development, demonstration, and deployment to reduce greenhouse gas emissions and increase economic growth. It provides a long-term planning context, taking into account many uncertainties, and establishes principles for formulating research and development portfolios to identify areas for reductions in greenhouse gas emissions and highlights an array of technology strategies and investment criteria. The Plan complements other Administration efforts including short-term measures to reduce greenhouse gas emissions intensity, advance climate change science, and promote international cooperation through partnership including the Asia Pacific Partnership on Clean Development and Climate, Methane to Markets Partnership, and the International Partnership for a Hydrogen Economy. The Plan sets six complementary goals: (1) reducing […]

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Herman Miller Soars

Shares of office-furniture manufacturer Herman Miller Inc., surged after it reported a 20 percent jump in first-quarter profit. Herman Miller said orders for the quarter reached their highest level in five years, and the company forecast fiscal second-quarter sales and profit above analysts’ estimates. The company also issued second-quarter guidance well above Wall Street expectations, sending the company’s shares up $3.30, or 11.3 percent, to $32.50 on the INET electronic exchange, after finishing the Nasdaq session up 62 cents, or 2.2 percent, at $29.20. Shares have ranged between $25.77 and $32.65 over the past year. For the quarter ended Sept. 2, Herman Miller earned $28.5 million, or 43 cents per share, compared with $23.7, or 34 cents per share, for the same quarter in 2005. Revenue grew to $449.7 million from $430.9 million in the year-ago period. The results beat Street predictions. Analysts polled by Thomson Financial had expected a profit of 39 cents per share on $447.7 million in sales. Herman Miller said the increases came despite the impact of an extra week of operations included in the year-ago period. Average weekly sales, accounting for the extra week of operations in the prior year period, increased 12.4 percent, the […]

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SatCon Gets 10MW Orders for Photovoltaic Inverters

SatCon Technology Corporation® (Nasdaq NM: SATC), a leading developer and manufacturer of power electronics and controls for renewable energy markets, announced that over the last four months it has received multiple purchase orders from new and existing customers exceeding 10 Megawatts in photovoltaic inverters. Over the course of the past 12 months and current fiscal year, the Company has recorded over 26.5MW of photovoltaic inverter orders and has shipped over 21MW. Currently, the Company has a record backlog in this market sector of approximately $4.5 million, all of which is scheduled for shipment by the end of the current calendar year. In addition to this record backlog of short-cycle business, SatCon’s Stationary Power Systems Division has a backlog of another $1.6 million in other alternative energy inverters and over $10 million in industrial power quality and avionic power distribution products, which are complementary to the Company’s renewable energy product portfolio. This total backlog exceeding $16 million is a 165% increase compared to a year ago, when the orders on hand were $6 million. “Our strategy to focus our Stationary Power Systems business on both renewable energy inverters and complementary industrial power quality and conditioning products, is paying off in terms […]

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