New Green Energy Plans Would Create 120 Green Tons of Wood Demand

RISI today through its Wood Biomass Market Report, indicated that woodfiber will play a major role in any new green energy spending plans in the U.S. The Report stated that as of Dec. 12, estimates from the ever-expanding federal stimulus package suggest the green component (wood, wind, solar, etc.) will be a whopping US$50 billion over two years. If 20% falls to wood energy, that near term spending of US$10 billion would spur formidable growth, providing tens of thousands of new jobs -- and wood demand of perhaps 120 million green tons, long-term. Compared to an estimated 215 green tons of consumption currently by the nation's pulp & paper industry, this new demand will be significant, and could create a US$3 billion per year wood energy market at current prices. The Report also projects that a good bit of this expansion is already underway, with current projects topping 32 million tons. Wood-derived fuels already account for a full third of the nation's renewable energy, 50% if hydroelectricity were excluded. RISI projects that this increased demand will occur most in the U.S. South, followed by the U.S. West, and then the U.S. North. read more

Source: RISI

Avantium Announces Master Services Agreement With Chevron Energy Technology Company

Avantium announced today that it has entered into a master services agreement with Chevron Energy Technology Company for the application of high-throughput technologies in the development of catalysts in the oil and gas field.

Avantium specializes in high-throughput methodologies that enable scientists to conduct parallel experiments on a very small scale, under industrial conditions and at a very high speed. read more

Source: Avantium Technologies B.V.

EESTECH and AGL Energy Sign Agreement to use Australian Developed Technology to Provide Clean Energy from Waste

EESTECH Inc. and AGL Energy Limited have signed an MOU to establish a demonstration project using EESTECH's patented Hybrid Coalmine Gas Technology (HCGT).

HCGT utilizes ventilated coalmine methane gas that would otherwise be vented to the atmosphere, as a fuel source to generate reliable, cost-effective and cleaner forms of energy. read more

Source: EESTECH Inc.

Head of Strategic Investments to Address Outlook for Investing in Clean Technology/Clean Energy

Lois Quam, Head of Strategic Investments at Piper Jaffray, a global investment bank with a leading clean technology and renewable energy team, will deliver the keynote address at the 2008 NJ Clean Energy Conference on October 17 at the Jersey City Hyatt Regency, New Jersey Board of Public Utilities (NJBPU) President Jeanne M. Fox announced today.

As Head of Strategic Investments, Quam is responsible for the development of new business opportunities in the cleantech sector. Quam and her team work with global clients in clean technology, distributed power generation, ethanol/bio-fuels, fuel cells, solar power, wind and other alternative energy. read more

Source: New Jersey Board of Public Utilities

Energy Provider to Play Major Role in Educational Summit for Connecticut Businesses

SUEZ Energy Resources NA, the retail energy business of SUEZ Energy North America, will be the signature sponsor for the Hartford Business Journal’s Business Energy Summit, an educational summit discussing the intricacies of the retail electricity market, on Sept. 11, in Cromwell, Conn. The event will allow business leaders to learn from the experts, and will provide information on many of the energy options now available to consumers.

As the signature sponsor, SUEZ Energy Resources will deliver opening remarks to kick off the summit and will offer two of its energy experts to educate the business community on the issues and solutions that are at the forefront of the industry today. read more

Source: SUEZ Energy Resources NA

Joint Venture Announced to Market and Deploy Next Generation Compressed Air Energy Storage (CAES) Plants

PSEG Global LLC and energy storage pioneer Dr. Michael Nakhamkin today announced they have formed Energy Storage and Power LLC (ES&P), a joint venture to exclusively market, license, support the development and supervise project execution of the second generation of Compressed Air Energy Storage (CAES) technology.

CAES technology stores off-peak energy, in the form of compressed air in an underground reservoir and releases this energy during peak hours. CAES can be used for load management of intermittent renewable energy resources or as a stand-alone intermediate generation source for capturing energy arbitrage, capacity payments and ancillary services. read more

Source: PSEG Global

Most Comprehensive Report Examining the 2008 North American Market for Energy Trading, Transaction and Risk Management Software

Research and Markets has announced the addition of the "The 2008 North American Market for Energy Trading, Transaction and Risk Management (ETRM) Software – Market Analysis and Sizing Report" report to their offering.

This study provides the latest analysis of the trends impacting the market for ETRM software in North America, and provides a quantitative analysis of the size of that market. Included in this report (a follow-on to 2006 North American ETRM Market Sizing and Analysis report) is an expanded examination of market forces and trends impacting market players and the providers of ETRM solutions and services. read more

Source: Research and Markets Ltd.