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BrightSource Energy Gets Financing for Ivanpah Project

Source: BrightSource Energy, Inc.
BrightSource Energy, Inc. designs, develops and sells solar thermal power systems that deliver reliable, clean energy to utilities and industrial companies. The BrightSource Energy team blends internationally-renowned solar thermal technical experience with world-class finance and project development capabilities. BrightSource’s LPT solar thermal system is designed to minimize impact to the environment and help customers reduce their dependence on fossil fuels. Headquartered in Oakland, Calif., BrightSource Energy is a privately held company with operations in the United States and Israel.
BrightSource has approximately 2.6 gigawatts of power under contracts with Southern California Edison and Pacific Gas & Electric Company, California’s two largest utilities. In addition, the company manages an approximately 110,000 acre development site portfolio in California and the U.S. Southwest that has the potential to accommodate approximately 11 GW of installed capacity. The company’s Solar Energy Development Center in Israel’s Negev Desert is demonstrating BrightSource’s LPT 550 technology and producing the world’s highest temperature and pressure solar thermal steam.

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Large-scale solar farm with NRG Energy workers inspecting rows of panels under a clear blue sky.

NRG Energy Solar Initiative for Clean Energy

Source: EcoSeed.org
NRG Energy the largest independent power producer in the United States, had significant quarterly losses following its decision to abandon the development of two nuclear plants in Texas although it vows to bounce back with more utility-scale solar power plants in the coming months.
The company incurred a $481 million impairment charge for writing down its plans for the South Texas Project in April, a move taken in response to regulatory uncertainty following the ongoing Fukushima Daiichi nuclear disaster in Japan.
“The tragic nuclear incident in Japan has introduced multiple uncertainties around new nuclear development in the United States which have had the effect of dramatically reducing the probability that [South Texas Project] 3 and 4 can be successfully developed in a timely fashion,” said David Crane, chief executive NRG.

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Solar energy executives release recommendations to industry and government

Source: Bloomberg New energy Finance
The global solar industry has reached heights only dimly imaginable a decade ago, but has much progress to make before it is an integral part of the world’s energy system, according to the participants in Bloomberg New Energy Finance’s first Solar Leadership Forum.
The Forum brought together 50 senior solar industry decision-makers in Napa, California, as part of Bloomberg New Energy Finance’s series of exclusive gatherings for industry thought leaders in clean energy and the carbon markets. It assembled over 20 chief executives of solar companies from the US, Europe, United Arab Emirates, China, and Taiwan alongside utility leaders, international organization sector experts, and senior policymakers. The group debated the future for the solar industry –
attempting to look 3-5 years out and further.

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Innovative retail electricity provider combines new product with eVgoSM to drive EV adoption in Texas

“We believe that electric vehicles are an excellent choice for drivers who want to make a difference for the environment. And the key to making EVs emissions-free is to charge them with 100 percent renewable energy. Green Mountain created Pollution Free EV, to enable our Texas residential customers to power both their EVs and homes with wind, minimize their emissions, and further the development of renewable energy statewide,” said Helen Brauner, senior vice president of Marketing, Green Mountain Energy Company. “By becoming the first electricity provider in Texas to develop a pollution-free electricity product specifically for EV drivers, we are encouraging and facilitating the early adoption of plug-in electric vehicles, while continuing to change the way power is made.”
POLLUTION FREE EV — Richey Cook of Katy, Texas becomes Green Mountain Energy Company’s first Pollution Free EVsm electricity customer. Pollution Free EV is the first pollution free electricity product in Texas created exclusively for electric vehicle (EV) drivers because EVs cannot be completely emissions-free unless they are charged at home with emissions-free electricity. Mr. Cook charges a Nissan Leaf with his new eVgo home charging station.
As an eVgo customer and Green Mountain’s first Pollution Free EVcustomer, George Cook, a Katy, Texas homeowner, will become one of the state’s first drivers of a 100 percent emissions-free Texas-wind powered vehicle. eVgo recently installed a Smart Home Charging Dock in the Cook garage. The clean energy to power Cook’s home charging station as well as the rest of his house will be provided by Green Mountain. Additionally, through the network of extremely fast public charging stations eVgo is installing throughout Houston, Mr. Cook will be able to travel with complete range confidence for a single low monthly cost.

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For Earth Day 2011, Green Mountain gave away 600 Red Oak Liners at Earth Day Houston at Discovery Green Park

This year, in honor of Earth Day 2011, Green Mountain Energy Company wanted to further help the environment by giving away trees to Houston residents. Green Mountain, the nation’s leading competitive retail provider of clean energy, will give away 600 Red Oak liners at Earth Day Houston, held at Downtown’s Discovery Green Park on Saturday, April 23, on a first-come, first-served basis.
“Since our inception in 1997, Earth Day has been our favorite holiday as we can focus on our shared goal of a cleaner environment and we are thrilled to be able to educate and give away trees to people that live in the communities we serve,” said Mark Lamping, vice president of Sales, Green Mountain Energy Company. “We hope local Houston residents and customers will come out to Earth Day Houston to learn more about our company, pick up a tree, plant it in their neighborhoods, and continue to help us fulfill our mission ‘to change the way power is made.’”

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