NEC 2027

Petra Solar Announces $40M Growth Financing

Joanna Schroeder

Solar energy is not just for roofs. Petra Solar, a company that specializes in pole mounted solar systems for utilities, announced that it has raised $40 million in funding to be used for expansion initiatives. Current investors in the company participated in this round including Element Partners, Blue Run Ventures, OnPoint Technologies (U.S. Army’s Venture Fund) and Kuwait’s National Technology Enterprises Company, and were joined by two new investors Craton Equity Partners and Espírito Santo Ventures.

“The Petra Solar management team is very pleased to have Craton Equity Partners and Espírito Santo Ventures as investors, especially given their experience in cleantech growth investing and their expertise in the regulated energy sector.  We are also thankful for the continued support of our existing investors,” said Petra Solar CEO and President, Dr. Shihab Kuran. “Petra Solar has a proven model for green job creation including installation and manufacturing jobs that are local to system deployment. We are very gratified that our business interests line up directly with the public’s interest in producing reliable, clean energy and green jobs.”

The company plans to use the additional funding to add green jobs and expand its customer base. Petra Solar anticipates that it will immediately add 30 new employees and have a team of 165 people by year end. The company’s SunWaveTM system generates clean energy and increases reliability to the distribution grid. In the future, the company plans to expand its product line to address new applications and market segments that leverage its Smart Energy Module TM platform, which integrates utility grade power management, smart grid communications and grid availability features into a single system.

Energy, Solar, Utilities

Fueling Change Theme of NBB Chairman’s Remarks

Chuck Zimmerman

Ed HeglundToday’s National Biodiesel Conference general session featured National Biodiesel Board Chairman Ed Hegland. He’s completing his final term as Chairman.

He started his comments by reminding everyone that today is the anniversary of daylight savings time which was created to conserve on our energy supply during World War I. It was an innovative idea then and when it comes to the innovative work the industry is doing today he says, “We’re here to fuel change.”

Ed pointed out that there are members of all segments of the petroleum industry here today and they participated in a panel discussion after his comments. I’ll post that shortly. He presented some of the findings from a research study done by NBB on consumers and their awareness and perceptions of biodiesel. He says the study finds that consumers who are aware of biodiesel have a favorable opinion of it. He also talks about being a soybean farmer and the incredible technology that is allowing him to grow more with less.

You can listen to Ed’s speech below.

National Biodiesel Conference Photo Album

Audio, Biodiesel, Biodiesel Conference

French Engineering Firm to Buy Cal. Solar Company

John Davis

A California-based solar company capable of building solar facilities that put out as much energy as a plant running on non-renewable fuels is being bought by a French engineering firm best known for its nuclear capabilities.

The San Francisco Chronicle reports that Areva will buy Ausra, a startup specializing in large-scale solar power:

The deal will give Areva a way to break into the growing worldwide business for big solar facilities that can generate as much electricity as a fossil fuel power plant. Although Areva is best known for its nuclear expertise, the company has branched out into other forms of renewable power generation, such as biomass and wind.

Ausra, in turn, will get a worldwide platform for its concentrated solar thermal technology, which uses mirrors to focus sunlight, boil water, generate steam and turn turbines. Ausra will form the basis of Areva’s new global solar energy business, which will match Ausra’s technology with Areva’s track record for building large power plants.

“By combining Areva’s strengths and Ausra’s technology, now we have the complete package we need to go to market,” said Robert Fishman, Ausra’s chief executive officer.

Ausra’s business headquarters will stay in California.

Solar

Michigan Grants $1.7 Million for Offshore Wind Study

John Davis

Two grants totaling $1.7 million have been approved for studying offshore wind technologies in Michigan.

The Chicago Tribune reports the grants come from the state’s Public Service Commission:

Grand Valley State University’s Michigan Alternative and Renewable Energy Center and the University of Michigan’s Memorial Phoenix Energy Institute are getting $1.3 million for jointly researching offshore wind and ice data on Lake Michigan.

The Superior Watershed Partnership is to receive $350,000 for researching sites’ wind energy potential on Lake Michigan. The organization also will assess public opinion on offshore wind development.

If the last post I had about an offshore wind energy project in Lake Michigan, where Scandia Wind was proposing a 1,000 megawatt Lake Michigan wind farm, is any indication, there should be plenty of discussion about this topic … on this site and elsewhere. Let’s see what people have to say.

Government, Wind

Biodiesel Bill Tied to Jobs Bill, Delayed by Blizzard

John Davis

As Congress debates (or tries to debate between blizzards) the jobs bill, the measure that would put lots biodiesel workers back on the job seems to be tied to that same bill’s fate.

This post on the Des Moines Register’s blog says Democrats had hoped to get the jobs bill to the floor today, but the 30+ inches of snow over the weekend plowed under that bill … and the renewal of the lapsed federal biodiesel tax subsidy:

Beth Pellett Levine, a spokeswoman for Sen. Charles Grassley, the senior Republican for the Senate Finance Committee, says he “has insisted that the biodiesel tax credit be a part of any discussions” on a jobs bill with the panel’s chairman, Montana Democrat Max Baucus. The $1-a-gallon tax credit for biodiesel “remains a top priority for Senator Grassley to extend the credit at the first available opportunity,” she added. Soybean growers are looking to Grassley to ensure that the biodiesel credit is part of any jobs bill to come out of the senate, according to John Gordley, a lobbyist for the American Soybean Association.

Renewal of the federal biodiesel tax incentive is seen as the last element to put the biodiesel industry back on track. The other two elements were the EPA’s decisions to consider biodiesel low enough in carbon footprint and mandate this year of 1.15 billion gallons of the green fuel.

Biodiesel, Government, Legislation

Chat with Chairman of National Biodiesel Board

Chuck Zimmerman

Ed HeglundThe Chairman of the National Biodiesel Board is Ed Hegland, seen here as a guest on today’s AgriTalk show.

Ed says that attendance was something they were very concerned about here at the Conference due to the state of the industry and the weather but they had to bring in 100 extra chairs to the opening general session so he thinks attendance is better than expected. He’s optimistic for the future because of the EPA RFS-2 ruling and the expectation that the biodiesel fuel credit will be re-instated soon.

You can listen to my interview with Ed below.

National Biodiesel Conference Photo Album

Audio, Biodiesel, Biodiesel Conference

California’s Love Affair With Oil

Joanna Schroeder

Last week, the Southern California Association of Governments turned down $11 million in stimulus money for Pearson Fuels to install 55 E85 stations. Huh. And this shortly after the expanded rules were announced for the Renewable Fuels Standard not to mention the Low Carbon Fuel Standard that went into effect on January 1.

What would cause the most notorious state, hailed around the world for its progressive environmental policies, to shun a lower carbon fuel? Hmmm…could it maybe, just possibly be that it is blinded by it’s Big Love for Big Oil?

Let us for a moment, take some time to reflect on California’s torrid affair with oil.

Last year California Lawyer Magazine Awarded its Clay Awards which are given to lawyers who show extraordinary achievements. Lawyers John Daum and Mary Nichols both won a Clay Award for two very different achievements. Daum won for his co-counsel regarding the worst oil spill in environmental history – the Exxon Valdez. But he didn’t win for his work to hold Exxon accountable for its actions – he won the award because he was able to lower the punitive damages that were to be paid to fisherman, landowners and others to one-tenth of the original damages. The magazine writes, “This was truly a signature punitive damages case, and it could have major implications for environmental and other torts in the future.”

While Daum was given an award for his work in defending Big Oil’s environmental offenses, Mary Nichols, who is the chairman of the California Air Resources Board and Daum’s wife, was given an award for her role in passing the Global Warming Solutions Act of 2006. This piece of legislation is intended to reduce CO2 emissions to 1990 levels by 2020. While the final rules are just now coming through the pipeline, the policy could potentially regulate all areas of energy use including land use and will be enforced through a “cap-and-trade” program. It is important to note that through this program, Big Oil doesn’t have to reduce its CO2 emissions solely through alternative fuels. If they bring to market technology that reduces CO2 but still uses fossil fuels, the technology will still meet policy requirements.

Not allowing to let the relationship fizzle, the state rekindeled its love with its latest proffering and now its sizzling once again.Read More

Opinion

Going Green Can Save You Green

Joanna Schroeder

Last week, I wrote a story regarding President Obama’s executive order for the federal government to reduce its greenhouse gas emissions 28 percent by 2020. One goal of this program is to get other companies to follow suit, but many companies don’t know where to start. Enter the Hondo Green Assessment Tool (HGAT). To learn more about how companies can become more sustainable, I spoke with the Hondo Group’s CEO Lynn Balinas.

HGAT is an internet based tool for small to mid-sized companies that can measure a company’s carbon footprint, manage its carbon footprint and maintain carbon footprint goals, explained Balinas. The tool measures five categories: water, energy, transportation, materials and waste. Ultimately the tool helps companies become not only more sustainable but more profitable as well.

“People usually first think, it’s about the environment, it’s about global warming. That’s part of it,” said Balinas. “But it’s good governance and it’s actually profitable for organizations.”

A few years ago, people perceived that going green meant going broke. That is actually not the case. Going green will actually help you make more green. For example, if all small to mid-sized businesses turned off their computers and printers at night (unplug the electronics) nearly $2.1 billion could be saved annually.

Here is how it works. After 35 days of metrics based on the five categories outlined above, the HGAT will tell a company how to reduce the carbon footprint and give suggestions that a company can choose to integrate. Ultimately, the tools that are put into place will help a company manage its program and save money.

Companies can implement the program alone or partner with other small to mid-sized companies. Balinas said that the average cost to a company with less than 50 employees is around $50 per month but the return is much greater.

Listen to my interview with Lynn below to learn more about HGAT.

Audio, Energy, Environment, global warming, transportation, water

Economist Addresses Biodiesel Conference

Chuck Zimmerman

Don ReynoldsEconomist Don Reynolds was the keynote speaker at the opening general session here at the National Biodiesel Conference. He appeared on stage two years ago and predicted the problems in our economy. Today he started out on a very optimistic note in part due to his belief that we’ll continue to see a growing recovery of the economy. His comments were meant to help participants define what is the “new normal” in today’s business environment.

His style is very entertaining and filled with facts and figures that help you better understand what the future may look like. He thinks it’s looking very good.

You can listen to his speech below.

National Biodiesel Conference Photo Album

Audio, Biodiesel, Biodiesel Conference

NBB CEO Joe Jobe Addresses Conference

Chuck Zimmerman

Joe JobeThe CEO of the National Biodiesel Board, Joe Jobe, was on stage to welcome a standing room only crowd at the opening general session to the Conference. He opened up with a political theme to his remarks.

As the folks in the opening video stated very clearly, this last year has been a huge struggle for our industry. With the economic recession, volatile diesel prices, the credit crisis, the blocking of export markets, the delayed implementation of the RFS-2…., even with the tax credit in place, 2009 was really tough. I heard several NBB members say over the course of this year…. “well, the bright side is that it can’t get any worse”. I’ve learned its best not to say that. Because we’ve seen over last 39 days that it could get worse while we have had neither the RFS-2 nor the tax credit in place. The industry has shut down, businesses are going under, jobs are being lost. Its been like watching a train wreck in slow motion. Our top priority remains getting the tax credit reinstated retroactively as quickly as possible.

Joe says that implementation of the new RFS-2 is going to be very complex so three of the sessions coming up will focus on the subject. He also went on to look ahead on a positive note.

But the good news is that when we get this tax credit turned back on, we will be where we set out to be four years ago. Now is not the time to waiver, or turn back, or to run. Let’s stay together and get this done. Let’s get this industry back in business. We can do this!
Besides potentially doubling our production levels for biodiesel this calendar year, the RFS-2 does something else that is very important. It establishes very conclusively under EPA guidelines and federal law, that biodiesel is an advanced biofuel, because it meets the criteria and definition of advanced biofuel under the law. And the reality behind that is that biodiesel is currently the only advanced biofuel that is commercially available nationwide.

You can listen to Joe’s speech below.

National Biodiesel Conference Photo Album

Audio, Biodiesel, Biodiesel Conference