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photo: Think

Norwegian electric car maker Think has exited bankruptcy protection and brought on board new investors. As I write in the New York Times Green Inc. blog today:

Norwegian electric car maker Th!nk is back on the road.

The company on Thursday said it has exited bankruptcy protection and secured $47 million in new funding to restart production of the Think City, a highway-capable urban runabout with a range of about 112 miles.

Think had shut down its assembly line outside of Oslo late last year when the global financial crisis cut off access to new capital.

But is Think still a Norwegian automaker? The company did get some local street cred Thursday: Among its new shareholders is Investinor, an investment fund backed by the Norwegian government.

Still, in another sign of the globalization of the nascent electric car industry, the Think City will now be made in Finland at the plant of one of its new investors, Valmet Automotive. (Valmet assembles the Porsche Boxster and Cayman and will begin producing the Fisker Karma plug-in hybrid electric sports sedan.)

You can read the rest of the story here.

solara

photo: BrightSource Energy

Chevron and solar developer BrightSource Energy have revealed a deal for a solar steam plant that is being built in an oil field in California. As I wrote in The New York Times this week:

BrightSource Energy has broken ground on a 29-megawatt solar steam plant at a Chevron oil field in Coalinga, Calif.

The 100-acre project’s 7,000 mirrors will focus sunlight on a water-filled boiler that sits atop a 323-foot tower to produce hot, high-pressure steam.

In a conventional solar power plant, the steam drives a turbine to generate electricity. In this case, the steam will be injected into oil wells to enhance production by heating thick petroleum so it flows more freely. Oil companies typically rely on steam generated by natural gas or other fossil fuels to maximize oil recovery in places like the oil patch in California’s Fresno and Kern counties, where the petroleum is heavy and gooey.

You can read the rest of the story here:

solarF

In Monday’s New York Times’ Green Inc. blog, I take a look at two recently approved solar energy contracts in California that offer a rare look at the economics of large-scale solar power plants:

California regulators have approved contracts for more than 8,600 megawatts of renewable energy, to be generated mostly by big solar power plants for the state’s largest utilities. But the details of those deals and the emerging economics of green energy often remain shrouded in secrecy, subject to confidentiality agreements.

That black box cracked open a bit on Thursday, when the California Public Utilities Commission gave the green light to two 25-year power purchase agreements between Pacific Gas & Electric and BrightSource Energy, a solar power plant builder based in Oakland, Calif.

When approving contracts for 310 megawatts of solar electricity, the utilities commission also signed off on an apparently first-of-its-kind technology royalty agreement between BrightSource and PG&E.

You can read the rest of the story here.

37659756My latest Green State column on Grist is an interview with Adam Werbach about his new book, Strategy for Sustainability:

Adam Werbach’s career is something of a lodestar for the trajectory of the 21st century American environmental movement. A student activist tutored at the knee of the Archdruid himself, the legendary David Brower, Werbach was elected the youngest president of the Sierra Club in 1996 at age 23.

Then business beckoned and he launched a startup, Act Now Productions, to advise companies like Wal-Mart on going green. Global advertising and marketing goliath Saatchi & Saatchi acquired Act Now last year, rebranding it as Saatchi & Saatchi S (for sustainability) and installing Werbach as the CEO.

“To be successful, you need to peel off the green blinders and start thinking of sustainability as a new tool set, like information technology or globalization, that can help you reinvigorate a business,” Werbach writes.

In fact, Werbach would like to take the environment out of environmental sustainability.

“The battle I’m trying to fight in the business world is to adopt a broader definition of sustainability that is not just about environmental sustainability,” says Werbach, who at 36 sports a touch of gray in his hair. “That’s a limiting factor to sustainability. What are the tools you need to be around for the long term? What is your long-haul strategy?”

You can read the rest of the column here.

AuroraBiofuels

photo: Aurora Biofuels

In today’s New York Times, I write about Aurora Biofuels, an Alameda, Calif.-based startup that says it has developed a strain of algae that will double production of biodiesel:

According to Robert Walsh, the chief executive of the company, Aurora’s breakthrough was to develop algae mutations that can ingest carbon dioxide regardless of the intensity of sunlight.

“Algae have a built-in mechanism to be effective at low light and as it gets brighter during the day their uptake of carbon dioxide levels off,” said Mr. Walsh. “We’ve been able to go in and alter strains by natural mutation to cause the algae to deal with light across the whole spectrum. The algae continue to uptake C02 through brighter light and are more productive.”

You can read the rest of the story here.

Stirling SunCatcher

photo: Tessera Solar

Another day, another Big Solar deal.

Tessera Solar on Wednesday said it will build a 1.5 megawatt Stirling solar dish power plant outside Phoenix to supply electricity to utility Salt River Project.

The announcement follows Tuesday’s spate of solar power plant deals. As I wrote in The New York Times, utility Southern California Edison (EIX) agreed to buy 550 megwatts of solar electricity that will be generated by two massive thin-film photovoltaic power plants to be built by First Solar (FSLR). Later in the day on Tuesday, First Solar said that it had struck a deal with the Los Angeles Department of Water and Power to supply 55 megawatts from a PV farm to be constructed in Southern California’s Imperial Valley.

Tessera Solar is the development arm for Stirling Energy Systems, the maker of the SunCatcher solar dish. The company is developing two huge California projects — a 850-megawatt, 34,000-dish solar farm to be built on 8,230 acres to supply power to Southern California Edison and a 750-megawatt power plant complex for San Diego Gas & Electric (SRE).

The 60-dish Salt River Project solar farm is but a fraction of the California solar farms’ size but will serve as a demonstration project for Tessera’s technology.

Most notable, given the years-long licensing process for big solar power projects in places like California, Tessera plans to break ground next month and bring what it calls the Maricopa Solar plant online in January 2010.

Tessera will lease the project site from Salt River Project and sell the electricity to the utility under a 10-year power purchase agreement.

esolar_8

photo: eSolar

Last week Green Wombat wrote about how solar power plant developer eSolar may avoid conflicts over endangered species by building its solar farms on privately owned agricultural land rather than in desert areas home to a variety of protected wildlife.

At the opening ceremony of eSolar’s Sierra demonstration power plant outside Los Angeles on Aug. 5, Wildlands Conservancy executive director David Myers gave a speech praising the Pasadena company for not building power plants in fragile desert ecosystems while criticizing competitors. The Wildlands Consevancy, a Southern California non-profit, has spent hundreds of millions of dollars buying up and preserving broad swaths of the Mojave Desert.

What my story did not point out was a connection between the Wildlands Conservancy and eSolar. The Wildlands Conservancy’s biggest backer has been Southern California investor and environmentalist David Gelbaum, who also serves on the green group’s board.  Gelbaum’s Quercus Trust is an investor in eSolar and dozens of other green tech startups.

esolar_8

photo: eSolar

eSolar on Wednesday fired up its five-megawatt Sierra “power tower” solar farm outside Los Angeles during an opening ceremony that featured such green tech luminaries as Google.org climate change director Dan Reicher and Dan Kammen of the University of California at Berkeley.

But the speaker that caught my eye was environmentalist David Myers, executive director of the Wildlands Conservancy, a Southern California non-profit that is working with California Senator Dianne Feinstein to put hundreds of thousands of acres of the Mojave Desert off limits to industrial-scale solar power plants.

“By siting their project on disturbed lands, eSolar has avoided degrading treasured public lands and core areas of biodiversity,” said Myers. “This is an important distinction from the solar firms that propose to industrialize 600,000 acres of pristine California desert lands belonging to the American people.”

I’ve written extensively on Green Wombat and Grist about eSolar’s technology and CEO Bill Gross’ vision of a software-driven solar revolution that taps computing power to drive down renewable energy costs. (Google-backed (GOOG) eSolar has a partnership with energy producer NRG (NRG) to build power plants for Southern California Edison (EIX), PG&E (PCG) and other utilities.)

But eSolar’s strategy of building relatively small-scale modular solar farms on privately owned agricultural land is also allowing it to avoid — so far — fights over endangered species that have slowed big solar power plants planned for federally owned land in the Mojave Desert.

While Myers was praising eSolar at the Sierra ceremony, his environmental group, as I wrote in Wednesday’s New York Times, has been raising issues about the impact of Tessera Solar’s planned 8,230-acre, 850-megawatt power plant on such Mojave species as the desert tortoise, Mojave fringe-toed lizard and Nelson’s bighorn sheep.

Meanwhile, Defenders of Wildlife, a local chapter of the Sierra Club and other national and grassroots environmental groups are worried about the impact of BrightSource Energy’s 400-megawatt Ivanpah solar farm on the imperiled desert tortoise. The Sierra Club chapter recently proposed that BrightSource move the solar power plant to avoid disturbing habitat currently occupied by desert tortoises.

eSolar has spent $30 million acquiring previously disturbed ag land — mostly in California. While that should speed development of its solar farms as it won’t need federal approval to build, there’s no guarantee, of course, that the Pasadena, Calif.-based startup won’t also run into critter problems.

Just ask Ausra, the Silicon Valley solar company that’s building a 177-megawatt power plant on ag land in San Luis Obispo County on California’s central coast. That project has been bogged down in disputes over the solar farm’s consequences for a plethora of species and the cumulative impact of two other solar power plants planned for the same area that First Solar (FSLR) and SunPower (SPWR) want to build.

Still, eSolar’s focus on location, location, location could pay off. While the five-megawatt Sierra demonstration plant is a small project, the fact that company was able to get it built in a year is no doubt a competitive advantage.

“This plant delivers the lowest-cost solar electricity in history,” said Gross, the founder of tech incubator Idealab, at the ceremony in the L.A. ex-urb of Lancaster.  “We currently compete with natural gas and as we continue to drive down the cost, we will even compete with coal.”

And if eSolar continues to carefully select sites for its solar farms it won’t have to worry about environmentalists like David Myers of the Wildlands Conservancy.

“You can see why the entire environmental community is so excited about a firm that’s model is to use disturbed lands,” said Myers after slamming an unnamed eSolar competitor for trying to build a solar farm in what he described as a fragile desert ecoystem. “We can’t say enough great things about eSolar.”

With that, Gross walked over to a computer, pressed a button and 24,000 mirrors began to focus sunlight on two water-filled boilers sitting atop two towers. As the intense heat vaporized the water, steam flowed to a power block to drive an electricity generating turbine.

eSolar Sierra

photo: eSolar

The U.S. Department of Energy on Friday began accepting applications for at least $3 billion in direct funding of renewable energy power plant projects.

The funding, part of the federal stimulus package, is in lieu of a 30 percent investment tax credit that green energy developers can take on their projects. Given that most solar and wind developers carry no tax liabilities, they have relied on investment banks and other investors to front the hundreds of millions and billions of dollars in financing needed for their projects in exchange for the tax credits. But as the economy tanked along with investment banks, demand for so-called tax equity partnerships evaporated.  Big Solar projects stalled and wind developers delayed turbine orders.

Curiously, the Department of Energy said on Friday that the $3 billion would fund some 5,000 projects. That works out to about $600,000 per power plant. But a single 250-megawatt solar power plant alone can cost more than a $1 billion and would thus soak up $300 million or 10% of the funding pool.

The question is, will DOE end up funding a few large-scale green energy projects that could start to give, say, the solar thermal industry economies of scale, or will it spend the money on hundreds of smaller renewable energy facilities?

That’s a crucial issue for solar developers like Tessera Solar/Stirling Energy Systems, eSolar and BrightSource Energy, which is backed Google (GOOG), Morgan Stanley (MS) and VantagePoint Venture Partners as well as a clutch of oil giants – Chevron (CVX), BP (BP) and Norway’s StatoilHydro.

Also left unsaid in the DOE’s announcement was the fact that renewable energy projects need to break ground by the end of 2010 to qualify for the direct funding. Which is why BrightSource, Nextera Energy (a subsidiary of utility giant FPL Group (FPL) ) and Tessera Solar are eager to expedite the lengthy California licensing process and get their projects approved before New Year’s Eve 2010 so they can put shovel to dirt and start shoveling cash into their coffers.

Joule

A Cambridge, Mass.-based startup called Joule Biotechnologies launched this week, claiming it has produced — in the laboratory — ethanol and industrial chemicals by combining sunlight, carbon dioxide and a genetically engineered photosynthetic organism. The company is being close-mouthed about the details of the bioengineered microbe and just how it converts CO2 and sunlight into fuel.

As I wrote in my Green State column on Grist:

On Monday, the latest entrant in the biofuels sweepstakes takes the wraps off a solar-powered technology designed to transform C02 and sunlight into ethanol.

“We capture the energy of the sun into a solar converter,” says Bill Sims, CEO of Cambridge, Mass.-based Joule Biotechnologies. “Inside exists a solution of brackish or gray water, nutrients and highly engineered photosynthetic organisms that directly secrete biofuels. There’s no intermediary that has to be introduced or processed.”

So far, Joule’s “helioculture” technology has only produced ethanol in the lab. But, says Sims, “We’re moving the lab outside as we speak. We aren’t expecting any surprises.” The company, backed by Cambridge venture capital firm Flagship Ventures, plans to begin construction of a pilot production plant in early 2010.

Like Solazyme and other startups that aim to produce biofuels from such things as algae and wood chips, the advantage of Joule’s technology over corn ethanol is that it does not displace agricultural land used for food production.

You read the rest of the story here.

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