In April, The Telegraph published an article linking first world driving to third world starvation. Alt Energy Investor saw it as a reason to prefer Brazillian sugarcane ethanol over the corn based variety. Climateer Investing ranted about ethanol boosting venture capitalists, Sharon Astyk at Gristmill took a more holistic view of how we use the food we have,seeing it as a call to re-examine the unfair way we distribute food.

Biofuel controversy reached a crescendo in July, when the Guardian brought us news of an internal World Bank Report which found that biofuels had increased food prices by 75%, which had apparently been kept secret since May to 'avoid embarrassing President Bush'; Blogosphere reaction was intense, with The Oil Drum, Green Car Congress, Peak Oil News, Peak Energy, and AutoblogGreen, quoting or highlighting parts of the article. Earth2Tech, Green Tech blog, WorldChanging, and Gristmill referenced the report and explored the food-fuel connection further, while American Fuels brought us a counter-argument from the Institute for Agriculture and Trade Policy.

Sustainable Biofuels

With all the controversy, others were discussing better ways to do things.  In March, Worldchanging brought us the two articles on Common Sense on Biofuels and Growing Sustainable Biofuels.  Earth2Tech and Peak Energy found them compelling.

Later that month, Earth2Tech brought us a list of 15 Algae Startups Bringing Pond Scum to Fuel Tanks.  Alternative Energy Stocks' Week in CleanTech, Matter Network, Next Big Future, and Dark Enough to See the Stars referenced it in articles about sustainable biofuels, while EcoGeek.org took it as a sign that Algae had reached a tipping point, but I warned people away from PetroSun, a publicly- traded algae company in the list.  

On the lighter side, TreeHugger exhorted us to Grow our Own Oil with The Diesel Tree.  The idea of Australian farmers tapping these Brazillian trees for agridiesel caught the imaginations of The Good Human  and GroovyGreen.com.

Politics

In September, the BBC told us why IPCC Chair Rajendra Pachauri thinks we can do more for the climate by not eating meat than we can by reducing driving.  Watts Up With That? thinks Pachauri is "putting his religious views forward from his position as IPCC chair." But back in August, WorldChanging wondered if Cattle Can Save Us From Global Warming.
 
In November, The Wall Street Journal's Environmental Capital quoted Steven Chu saying "Coal is My Worst Nightmare."  AutoblogGreen expects to be writing a lot about him in the coming years, while Joe Romm at Gristmill had five reas"avg">ons Chu is a great pick.

Wind

In June, The Guardian told us of the massive growth of wind in China, although it's still behind coal.  The WSJ.com: Environmental Capital and  NewEnergyNews took note.

Energy Storage

In July, ScienceDaily trumpeted a 'Major Discovery' Primed To Unleash Solar Revolution: Scientists Mimic Essence Of Plants' Energy Storage System, also covered by Technology Review.  New Energy and Fuel hope this means the Hydrogen economy might finally take off, but Clippings thinks plants still have the edge.  

Why So Much Biofuel? 

Clearly, these are not the most important stories of 2008... but they did get bloggers blogging.  Probably the most significant events in CleanTech were Obama's election (surely that must trump his choice of Energy Secretary?) and how the Credit Crunch will change the future of CleanTech.  Rather, this is an eclectic look back at what really got our blogging juices flowing in 2008.  Since September, Cleantech bloggers have probably been wishing for that more innocent time when the biggest issue we had to blog about was the sustainability of biofuels.

If you're looking for news from specific CleanTech industries, try AltEnergyStocks.com's category pages, and which collect stories for each of our categories such as Solar, Energy Efficiency, Clean Transportation, Mutual Funds and ETFs, Batteries, Wind, Waste-to-Energy, and many more.  Scroll past the stock list on any of these pages, and catch up on your favorite Alternative Energy sector. 

Tom Konrad

Posted by Tom Konrad at 08:24 PM | Permalink | Comments (0) | TrackBacks (0)

In General Industry News,

The Wall Street Journal's Environmental Capital told us about the Green Meltdown. There is no doubt that alternative energy stocks have a rough ride ahead of them. On the one hand, revenue-less companies whose business model is heavily leveraged to technological innovation may not be able to access sufficient funding to go on for an extensive period of time. On the other hand, business models that rely on cheap credit and large amounts of debt, like large wind and solar parks, will get squeezed by credit tightness.

In Environmental Markets,

McKinsey discussed how climate change could affect corporate valuations.

In Ocean Power,

Greentech Media let us know of a new report on ocean power firms. The authors argue that that ocean power will grow from a 10 MW affair today to 1,000 MW and $500 in revenue million annually within six years. The one challenge the authors probably couldn't get into their report is the lack of financing. Many of the small firms working on Ocean power technologies don't have especially solid balance sheets, and such firms could become casualties in the current crisis.

In Ethanol,

Auto Blog Green reported on the Platts Cellulosic Ethanol Conference. Interesting updates from three leaders in the field, including SunOpta (STKL) whose stock price never recovered from inventory problems at their food distribution operations a few months ago.

In Batteries,

Environmental Leaders informed us that hybrid vehicles were going to drive demand for batteries and smart grid applications. Some interesting statistics here, and another area where certain diversified firms like Johnson Controls (JCI) are currently doing work that could pay off soon.

In Solar,

Barron's Tech Trader Daily informed us that Goldman was turning cautious on solar, fearing oversupply and the impacts of the credit crisis. Actually, looks like a number of them are turning negative on solar.

Posted by Charles Morand at 11:12 PM | Permalink | Comments (0)

In Solar,

John Gilluly at The Chip Stock Trader let us know that help was on the way for solar stocks. An interesting take on the solar installation business with a stock pick - Akeena Solar (AKNS).

But Keith Johnson at the WSJ's Environmental Capital suggested everyone should put away the champagne: the much awaited bill extending tax credits for solar and wind, it seems, may not be passed this session. Failure to agree on a bailout plan over the weekend would just about fully re-load the gun for solar shorts to get back to work next week.

In Clean Transportation,

Don Dion at Seeking Alpha let us know of a new ETF tracking the clean transportation trend - the PowerShares Global Progressive Transportation (PTRP)

Research Recap informed us that natural gas was going to play a stronger role in many markets. Notice how the article does not discuss uses related to road transportation. Given growing prevalence in power generation, is it reasonable to believe natural gas can also be a transportation fuel?

In Environmental Markets,

Environmental Leader informed us that the RGGI was holding its first mandatory auction.

In Waste-to-energy,

Nick Hodge at Green Chip Stocks talked about making tons of cash from tons of trash. Waste-to-energy, because of the potential for generating carbon offsets, is an interesting area to keep an eye on.

The Week In Cleantech is a collection of our favorite stories from the past week generated by our Cleantech News service. Register your site with us if you want your articles to appear here.

Posted by Charles Morand at 11:35 PM | Permalink | Comments (0)

In Solar,

Eric Savitz at Barron's Tech Trader Daily wondered whether stock loan deals would be repaid. It's always important for shareholders to pay attention to which financing structures companies chose. In this case, if you understood this well, it could have a been good lateral short play on Lehman's problems. However, if you were long ESLR and had not paid this financing too much attention, you were probably not pleasantly surprised.

Good CleanTech let us know about a new report claiming that thin-film will make up a whooping 40% of the solar PV market by 2012.

In Energy Efficiency,

Kristin Underwood at TreeHugger informed us that lighter roofs could save up to $1 billion yearly. I found it interesting that this is mandated in California. Might be a good idea to look for companies in the roofing and paint industries with exposure in this area.

In Wind,

Keith Johnson at the WSJ's Environmental Capital wondered how long the economics were going to work in favor of clean energy. Wind's variability, it seems, is becoming a lesser concern than nat gas and coal prices volatility.

In Clean Transportation,

Katie Fehrenbacher told us that Picken's Clean Energy Fuels (CLNE) was hooking up with a Seattle-area garbage collection company. At a forward PE of nearly 60x, investors are implicitly putting a lot of hope on the future of natural gas-powered road transportation. Is this a sound bet?

In Politics,

Matter R Network informed us that McCain had voted 50 times against clean energy measures over the course of his career. Our friend and Contributor Editor Neil Dikeman argued a couple of weeks ago that McCain-Palin was nothing short of a "cleantech dream ticket". Yet every time the facts are put forward the picture that emerges isn't especially promising for alt energy investors.

In Biofuels,

Michael Kanellos at Greentech Media told us that the biofuels business was going horizontal. This could be an interesting trend to watch.

In Oil,

Matthew McDermott at TreeHugger argued that tar sands could be the oil industry's version of sub-prime meltdown.

The Week In Cleantech is a collection of our favorite stories from the past week generated by our Cleantech News service. Register your site with us if you want your articles to appear here.

Posted by Charles Morand at 09:20 AM | Permalink | Comments (0)

In Geothermal,

Richard T. Stuebi at Cleantech Blog told us about geothermal heat pumps, the forgotten one.

Matthew McDermott at TreeHugger informed us that Ormat had bought exploration rights on an Alaskan volcano.

In Solar,

Eric Savitz at Barron's gave us more details of Cypress Semiconductor's spin-off of its SunPower unit. He also provided growing evidence of an impending shake-out in the solar PV sector driven by panel oversupply.

Jeff St. John at Greentech Media told us that LG was plotting a partnership with Conergy. He also discusses plans by large South Korean firms, Hyunda i Corp and Samsung, to get involved in solar. Large, well-capitalized conglomerates getting involved in solar PV could be the biggest threat yet to the weaker pure-plays.

In Clean Transportation,

Energy Tech Stocks reported that Toyota sounded like a Peak Oil advocate in a recent report. But, reported Green Car Congress, Toyota is putting its money where it's mouth is.

In Biomass,

Jaymi Heimbuch at Eco Geek reported that Austin was building the nation's largest wood-waste biomass plant. He also highlighted, however, one of the main risks with such plants: feedstock shortfalls.

In Energy Storage,

Ecoworld discussed the potential cost of large-scale energy storage for grid balancing purposes.

The Week In Cleantech is a collection of our favorite stories from the past week generated by our Cleantech News service. Register your site with us if you want your articles to appear here.

Posted by Charles Morand at 09:31 AM | Permalink | Comments (0)

In Solar,

New Energy Finance told us that Spain had raised the cap on new solar capacity, but not enough to appease critics.

Ucilia Wang at Greentech Media brought us analysts' picks for 2009's winning Solar stocks, but they didn't mention Sharp (SHCAY.PK), which GoodCleanTech told us had developed a technique to halve silicon wafer costs.

In Clean Transportation,

Autoblog Green brought us Insight into Honda's new Global Hybrid.  And Autoboog Green also told us GM's Lutz was bragging about the Volt's "flawless" batteries, GoodCleanTech introduced Mazda's plans for a rival.

Treehugger told us that while Oslo was ramping up chargin stations, Th!nk can't build cars fast enough to meet demand.

In Energy Storage,

The Next Big Future told us that Nickel-Zinc batteries pack more punch than NiMH, but are much cheaper than Lithium-ion, and Treehugger told us of New Jersey's big investment in Compressed Air Energy Storage.

In Biofuels,

Biofuel Review described New Zealand's new law to promote sustainable biofuels, but Cleantech.com brought word to another biofuel IPO that couldn't be sustained.

The Week In Cleantech is a collection of our favorite stories from the past week generated by our Cleantech News service. Register your site with us if you want your articles to appear here. If you like (or dislike) this alternative format, leave a comment and let us know. 

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On Sunday, Technology Review showed us the first tidal power generator. Harnessing the ocean's power is the next frontier in utility-scale alternative power generation, but this has so far proven difficult given all that the sea can throw at what humans try to put in it. This installation produces power at a hefty 0.30 to 0.40/kWh, but scale can bring this down to 0.20/kWh. Cut that in half again and now you're talking.

On Monday, Clean Edge told us that Schott was planning a partial spin-off of its PV unit through an IPO. Given the headwinds the Eurozone economies are facing, and the impact this is having on equity markets, this will be a real test of solar investors' will.

On Tuesday, Ernest Scheyder at Forbes informed us that new efforts to store wind power were underway. This is great news for wind aficionados such as myself, and the direct involvement of a large integrated utility is testament to the potential of large-scale storage technologies. Of course, don't expect these technologies to come in cheap.

On Wednesday, Paul Davidson at USA Today informed us that wind and solar projects were in a race to finish before tax credits expired. This rush to get projects in the ground is no-doubt creating a tremendous amount of inflationary pressure across the supply chain, meaning that the costs of that solar and wind energy will be higher than would have been the case had the industry been operating under a predictable, long-term policy framework.

On Thursday, David Ehrlich at Cleantech.com told us that thin-film was getting fat on cash. The big winner: Nanosolar.

On Friday, The Master Resource Report showed us a graphical depiction of why electric transportation makes more sense from an energy balance perspective than ethanol-powered vehicles. After you click on the link and download the PDF, scroll down to the last page. You can access the full presentation on Tesla`s website.

The Week In Cleantech is a collection of our favorite stories from the past week generated by our Cleantech News service. Register your site with us if you want your articles to appear here.

Posted by Charles Morand at 10:07 AM | Permalink | Comments (1)

The Economist is currently running an interesting poll on whether we can solve our energy problems with existing technologies or whether we will need breakthrough innovations. Add your vote!

On Sunday, Domenick Yoney at AutoBlog Green told us that electric bike sales were soaring world-wide. I'm not sure what's a good play on this, but an interesting trend to note nonetheless.

On Monday, Matthew McDermott at TreeHugger told us about another biofuel feedstock we may not have considered. Earlier this summer, David Pauly at Bloomberg was telling us about yet another such potential feedstock, which apparently is the craze with commodity speculators.

On Tuesday, Jennifer Kho informed us that New Energy Finance was predicting a 43% solar silicon price drop.

On Wednesday, Cleantech.com reported that Nexus India Capital had closed a $220 million fund. India is not as flamboyant a growth story as China, but anyone who's been to Bangalore can attest to the fact that this is country with the ability to be a dominant player on the technology front. Add to this major problems with the nation's power infrastructure, and you can see why this quiet giant might one day be a major player in alt energy technologies.

On Thursday, Reuters informed us that carbon funds were to grow in 2008, albeit at a slower pace because of uncertainty. If there is one sector that's exposed to the whims of politicians in the broad environmental investing space, it is this one. I like emissions trading; my grad work was in the area of market-based policy tools. But the contrarian in me can't help but feel a little uneasy at so much capital flowing into something that's so closely tied to the political mood du jours.

On Friday, TheStreet.com let us know all that we needed to know about wind energy. The Title says it all!

The Week In Cleantech is a collection of our favorite stories from the past week generated by our Cleantech News service. Register your site with us if you want your articles to appear here.

Posted by Charles Morand at 11:31 AM | Permalink | Comments (1)

On Sunday, Tom Philpott at Peak Energy told us about The End of Food. The book, that is. While food is neither alt energy not cleantech, it is a key environmental theme in my view and will grow in importance as the effects of climate change are felt across the globe.

On Monday, David McClellan at Solve Climate argued that the costs of nuclear energy were rising out of reach. A good attempt at coming up with a comparison of wind and nuclear prices, and interesting in the context of my earlier article on power plant costs.

On Tuesday, Matthew McDermott at TreeHugger told us about a new software that allows windfarms to predict output to four days in advance. Whenever I cheer wind on, and I do that a lot, I get comments to the effect that wind won`t ever count for much because of predictability and dispachability problems. To that I answer: if you`re paying no attention to technological developments on the storage and predictability fronts, you`re missing the boat.

On Wednesday, Andy Hoffman and Derek DeCloet at the Globe & Mail informed us that Timminco had faded under market glare. And so it goes for Timminco (TIMNF.PK), arguably the biggest solar story of 2007 because no one saw it coming. Moral of the story? Solar remains marred in technology risks. This is an industry that is in flux and not unlike the internet in the 1990s; it'll be game-changing one day but there is no way to tell today what the industry will look like once it's reached maturity. In such volatile times as these, handle with care...

On Thursday, Matthew L. Wald at the NYT told us about two large solar plants planned for California. Now that's the kind of news we like to get out of the solar sector! This is the sort of scale that rivals wind, and declining costs should make more of these of possible.

On Friday, David Ehrlich at Cleantech.com reported on the future of the US wind market. Potentially bright indeed, although keep on eye on headwinds over the next few months in the form of an expiring PTC, higher financing costs and higher capital costs.

The Week In Cleantech is a collection of our favorite stories from the past week generated by our Cleantech News service. Register your site with us if you want your articles to appear here.

Posted by Charles Morand at 09:33 AM | Permalink | Comments (0)

On Monday, Michael Graham Richard at TreeHugger told us that Toyota was boosting production of the Prius by 70% next year. This follows on the footsteps of Ford announcing plans to nix production of trucks in North America and retool factories to make smaller cars typically sold in Europe. The thing to note about such commitments is that they have to be anchored in pretty credible forecasts. It's one thing for pundits on CNBC to tell you where they think the price of oil is going based on a 20-day moving average. It's quite another for a global business that's known to need about three years to respond to shifts in consumer tastes to announce it's seriously getting into small and hybrid cars, and putting capital behind it.

On Tuesday, Katie Fehrenbacher at Earth2Tech showed us why cleantech investors love and back Obama. Interesting analysis but cleantech investors should keep one thing in mind: Obama is from a coal state (Illinois) and McCain is from a state that could become a major solar player in America (Arizona).

On Wednesday, Keith Johnson at the WSJ's Environmental Capital reported that Senate had again rejected tax breaks for renewable energy. Check in on Monday to find out why that might not be the end of the world.

On Thursday, MIT News informed us that a major discovery from...well...MIT scientists would unleash a solar revolution. Large-scale energy storage to make renewable power dispachable is undoubtedly the next frontier that, if reached, will allow alt energy to grow to the next level. This is good news indeed.

On Friday, Sam Abuelsamid at AutoBlog Green reported that Ford didn't see plug-in hybrids for another five years. San Francisco certainly wants to make sure it doesn't miss out when this happens. Expect battery technologies to receive a lot of attention in the next few years.

The Week In Cleantech is a collection of our favorite stories from the past week generated by our Cleantech News service. Register your site with us if you want your articles to appear here.

Posted by Charles Morand at 05:53 PM | Permalink | Comments (4)

On Sunday, Edgar A. Gunther at Gunther Portfolio provided some silicon updates from Intesolar North America 2008. Solar investors never get enough silicon updates, so here's another one!

On Monday, Stacy Feldman at Solve Climate told us that China was now making increasingly more wind power parts. Actually, she is reporting on an article that was written last week and that I missed because I took a break from the Week In Cleantech last weekend. With regards to Chinese companies active in wind, we already list some in our Cleantech Stocks section, and will be sure to keep on top of it.

On Tuesday, CNN Money reported that fundamentals were to responsible for the run in the price of oil. That's great news! This should ensure alt energy doesn't fall out of favor anytime soon.

On Wednesday, Ucilian Wang at Greentech Media informed us that the electric car market could race for materials. Commodity traders take heed!

On Thursday, Heath Aston at the Times reported that Ford was pinning hopes on small cars. Who needs McKinsey when you have AltEnergyStocks.com.

On Friday, Notable Calls reported on a bearish call on the US PV market. Apparently, the utilities ain't having it with PV, and prefer its cousin CSP. Needless to say, my favorite wind is and will stay on a tear, although that's not in the report...

The Week In Cleantech is a collection of our favorite stories from the past week generated by our Cleantech News service. Register your site with us if you want your articles to appear here.

Posted by Charles Morand at 01:42 PM | Permalink | Comments (0)

On Monday, GreenBiz informed us that new cars in California would have to display a global warming score. This is interesting, and it would be good to see data on whether it actually impacts consumer behavior.

On Tuesday, David Ehrlich at the Cleantech Group reported that cleantech investments had hit a record high. Interesting results, though I suspect that if problems in capital markets persist and VCs can't find acceptable exits things could change.

On Wednesday, Katie Fehrenbacher at earth2tech outlined ten things we should know about nat gas vehicles. An ambitious proposal by Pickens, but I question the logic of substituting a finite energy source for another finite energy source. This seems to me like it would leave customers just as exposed to commodity price risks as they are now.

On Thursday, Keith Johnson at the WSJ's Environmental Capital wondered whether GE was becoming a cleantech play. GE has been a cleantech heavyweight for years, but the point is well taken that as it sheds units, the effect of its environmental businesses on overall results will become clearer.

On Friday, Matthew McDermott at TreeHugger mapped the alternative energy potential of the US. Well, Forbes did and he reported on it. But what drives alt energy development? Physical conditions or the generosity of local incentives? A bit of both I guess, but the latter certainly weighs a lot more than the former in developers' models.

Posted by Charles Morand at 12:58 PM | Permalink | Comments (0)

On Sunday, Ed Pilkington at The Guardian informed us that a leading climate scientist was going to push for oil company leaders to be tried. I'm not sure one will ever be able to draw exact parallels between fossil energy and cigarettes, seeing as the latter had no bearing on industrialization and economic growth. Nevertheless, alt energy investors would benefit greatly if fossil fuels were given the same treatment as cigarettes by local policy-makers. Are potential bans on drive-thrus a sign that such times are upon us?

On Monday, Martin LaMonica at CNET News told us that VC and PE investors saw no bubble in cleantech. Of course, toward the very end, it is acknowledged that some sectors exhibit bubblish behavior (i.e. solar and biofuels). In my view, the way this issue was addressed by the investors as reported in the article is inappropriate. A bubble isn't about the long-term capital needs of an industry; it's what happens in the near term when too much capital is chasing too few opportunities, leading to a mispricing of risk. Arguing that there is no bubble in cleantech based on the fact that the industry will have important long-term capital needs if it is to deliver on its promises is, in my view, akin to saying there was never a bubble in housing because over a 20-year period the US housing stock will need significant capital infusions to keep up with demographic growth.

On Tuesday, Shawn McCarthy at the Globe & Mail informed us that the oil sands were trying an image makeover. I certainly hope they succeed, and that America sources a growing portion of its energy needs from there. Since this is already some of the costliest crude to extract and since the marginal cost of a barrel of tar sand oil continues to mount, an energy strategy based on this resource will do wonders for the price of gasoline, thus bolstering the case for alt energy as an investment theme. Mine on!

On Wednesday, Research Recap alerted us to the world's first ever credit rating agency for carbon offsets. Of course it was only a matter of time before something like this emerged. Interesting idea but not sure what the prospects are.

On Thursday, Cleantech.com informed us that Duke was buying a wind power developer. Further sign of the rapid maturation of this sector, which in my view holds better near-term prospects than solar. Tune in on Monday for a post by Tom on a new way for US investors to play wind.

On Friday, Craig Rubens at earth2tech told about Gordon Brown's plans for a GPB100 billion green revolution. Seeing as the UK has lagged most of its Western European counterparts in the deployment of alternative energy, the potential certainly exists for plenty of growth there. The question is: is this for real or is it a desperate attempt by an unpopular politician to build credibility with its electorate? Nevertheless, should the UK go Germany's way, it could present interesting opportunities.

On Saturday, Matt Richtel at the New York Times told us that venture investors were wrapping up in an unusually bleak quarter. Small cap investors - such as yours truly - beware! This also means that things are tough for small public firms trying to raise funds. Interesting point made about the fact that VCs may be focusing too much on ventures that Wall Street doesn't care for, compounding cyclical issues.

The Week In Cleantech is a collection of our favorite stories from the past week generated by our Cleantech News service. Register your site with us if you want your articles to appear here.

Posted by Charles Morand at 01:15 PM | Permalink | Comments (0)

On Sunday, Andrew Williams at Red, Green and Blue told us about one senator's attacks on the solar industry. Surprising for someone from a state with such a vast solar potential, but in line my claim that politics remains one of the biggest risks facing the sector.

On Monday, Lou Schwartz & Ryan Hodum at Renewable Energy World informed us that China's wind power industry was blowing past expectations. An interesting discussion of the hot wind regions within China.

On Tuesday, Neal at Cleantech Blog told us all about SpectraWatt, Intel's new solar play. Just when you thought the sector was headed for a shakeout, in comes a player that promises to slash costs and focus on efficiency...oh yeah, and whose parent dominates the semiconductor industry.

On Wednesday, David Ehrlich at Cleantech.com told us that GE was fighting to keep its tax credits alive. And the PTC saga continues, and the US wind industry once again will have to hold off on making investments until this is reintroduced at the 11th hour.

On Thursday, Jennifer Kho at Greentech Media reported on a plug-in hybrid that caught fire. As as pointed out in the article, it won't take too many incidents like this to tarnish the brand. Could there ever be short opportunities here?

On Friday, Green Data Center Blog informed us that Microsoft had launched a new blog for energy efficiency best practices. Given the importance of software and the tech space in general to implementing smart grid and other efficiency measures, this could be an interesting resource for finding out new trends.

The Week In Cleantech is a collection of our favorite stories from the past week generated by our Cleantech News service. Register your site with us if you want your articles to appear here.

Posted by Charles Morand at 09:15 AM | Permalink | Comments (0)

On Tuesday, Eize de Vries at Renewable Energy World described the challenges of growth for us. A very detailed article on where the main tension points are in the global wind value chain.

On Tuesday, Tate Dwinnell at Self Investors told us that wind ETFs were coming. At last North American can play wind directly.

On Wednesday, Energy Tech Stocks informed us that a new FERC forecast indicates U.S. demand response firms should do well this summer. An interesting piece of insight from FERC, and noteworthy that demand response is increasingly seen as an effective peak load management strategy.

On Thursday, David Appleyard at Renewable Energy World explained how inverters were continuing to push efficiency. A thorough article on an important piece of hardware for solar investors.

ON Thursday, Katie Fehrenbacher at earth2tech told us that GE was becoming a prime investor in PrimeStar. Earlier this week, Richard Asplund discussed how large industrials were moving into solar. Many analysts predict a shakedown in solar, and big industrials are well positioned to consolidate the space.

Posted by Charles Morand at 10:31 AM | Permalink | Comments (2)

On Wednesday, Cramer at TheStreet.com inherited some wind stocks for us. The article begins by claiming that Cramer is a "longtime bull of the wind power business." I'm not sure what 'long-term' means for Cramer, but in January 2007 the extent of his knowledge on Energy Conversion Devices (NASDAQ:ENER), which is not a wind play but is nonetheless a good proxy for understanding of the alt energy sector overall, was that since oil prices were expected to trend down the stock was a "sell! sell! sell!", presumably because there was nothing more to this company than oil prices...oups...But I digress. This is actually an interesting piece and I like the building of the wind turbine from scratch concept. He's unfortunately missing a key piece of the value chain: the companies that are building and operating wind parks. But as a longtime expert of this market, I'm sure he's got that covered elsewhere.

On Thursday, Kent Croft told us on The Street TV (video) that he was plugging into power for us. A quick discussion on four plays on the US electricity grid.

On Thursday, Ken Schachter at Red Herring told us that energy storage was the next big thing. Notice in the latter part of the article how the biggest thing of the next big thing is bulk storage for utilities, a topic that is right up there with increased grid efficiency.

On Friday, HardAssetInvestor saw the light for us. An interesting piece discussing one area of opportunity related to the grid: direct current/alternating current and electricity transmission. The company discussed in this article, ABB (NYSE:ABB), was recommended by our own Tom Konrad last July and is up 30% since he made that call.

On Friday, Matthew L. Wald at the NYT informed us that mounting costs would slow the push for clean coal. On Wednesday, we reported on a recent study claiming that the costs of building power generation facilities were shooting up. If the capital costs of building conventional power generation are rising, and if operating costs are also growing because of higher fuel prices, then it's not surprising that a technology whose environmental effectiveness is unclear at best but that is certain to raise both capital and operating costs ends up falling by the wayside. I think great gains can be achieved relatively cheaply through efficiency, but by-and-large dealing with the negative externalities created by fossil fuels is going to be a negative -sum game, meaning that having your cake and eating too might not be an option.

Posted by Charles Morand at 11:08 AM | Permalink | Comments (2)

On Monday, Richard T. Stuebi at Cleantech Blog discussed the war for talent in cleatech. An interesting look into personnel recruitment issues in the cleantech/alt energy sectors, and perhaps a sign that the industry is maturing. My own experience in MBA school is that cleantech remains an industry that very few students seriously consider as a career option, even though there is a multitude of ways one can leverage an interest in this industry professionally. Hopefully this will change.

On Tuesday, Tyler Hamilton at Clean Break argued that smart grid represents a new boom opportunity for IT. An interesting piece on how established telcos and and IT companies are getting involved in smart grid, which will present tremendous opportunities in the years ahead. Successful involvement in smart grid programs has the potential to generate rates of return much higher than what telcos are accustomed to, so with their relatively cheap cost of capital this could create real shareholder value. Definitely something to watch given the potential size of this market.

On Tuesday, Steve Gelsi at MarketWatch told us that Jefferies was eying cleantech IPOs later this year. The correction in equity markets experienced earlier this year hit alt energy stocks particularly hard, but things seemed to have improved markedly in the last couple of months, even as the state of the US economy remains a matter of debate. Is this a leading indicator of good things to come for the sector, or is it merely a short-lived bump before another bust?

On Tuesday, Toby Shute at The Motley Fool told us that Pacific Ethanol was not dead yet. An interesting point made about the capacity to switch feedstock as a competitive advantage (which, incidentally, many corn ethanol producers don't have).

On Wednesday, Edward Silver at the LA Times informed us that in the wind-power biz, we needed to beware giving some stocks a whirl. A bearish take on two stocks: one on which investors have been bearish (NASDAQ:ZOLT) and one on which they have been bullish (NASDAQ:AMSC). The latter undoubtedly qualifies as a squarely contrarian call, at least according to what Motley Fool users across categories think of this stock. Thanks to Climateer for this one.

Posted by Charles Morand at 09:42 AM | Permalink | Comments (0)

On Monday, Chris Baltimore at Reuters discussed how Democratic candidates were playing up "clean coal". It's always interesting to read about politicians courting different audiences. In this case, out of convenience, both candidates are avoiding substantive debate on energy policy, during which it would certainly emerge that clean coal is more dream than reality.

On Monday, Julian Murdoch at Hard Assets Investor told us that it was in the wind. An interesting piece on one of my favorite sectors, wind, with a discussion of a few good plays. Speaking of wind, T Boone Pickens was responsible for the wind announcement of the year to date this week.

On Tuesday, Mike Taylor at Renewable Energy World compared the cost of utility-scale solar: PV vs. CST. Quick article but useful in what to watch for in the solar space in the next few years. Large-scale storage - no surprise here!

On Thursday, Tyler Hamilton at Clean Break informed us that grocery manufacturers were launching a smear campaign against biofuels. These are presumably deep-pocketed opponents, and this campaign won't help corn ethanol's already shaky image. Neal at Cleantech Blog, who is generally in support of corn ethanol, reports on a study that claims that corn ethanol has lowered gasoline prices in the US, and claims that the case for government support is therefore not as weak as is often argued here.

On Friday, Keith Johnson at the WSJ's Environmental Capital wondered about the future of German solar subsidies. I've come across a few pieces over the past while discussing this backlash in Germany. It is unrealistic to expect rate and tax payers to subsidize the renewables industry foreover, especially where customers pay a lot for power. So maybe instead of heavily subsidizing renewables and non-renewables, policy-makers should look into ending subsidies for fossil fuels and forcing the market to fully internalize the costs of pollution and CO2. Germany was the main culprit in handing over too many carbon emission allowances to its utilities in the first phase of the EU ETS, which resulted in huge windfall profits for some of the dirtiest power producers in Europe. Sounds to me like someone wants to have their cake and eat it too, and it's unclear how sustainable that is.

Posted by Charles Morand at 11:55 AM | Permalink | Comments (3)

On Sunday, Jim Fraser at Energy Blog reported a claim by Sungri that it can produce 5-7 cents per kWh CSP. This is quite the claim, and if true, would represent nothing short of big bang for the solar space. Nevertheless, I remain wholly unconvinced.

On Sunday, John Laumer at TreeHugger told us that Waste Management was going to fuel Altamont (CA) area trucks with landfill-harvested liquid natural gas. Landfill gas (LFG) can be used for both power generation and for liquid fuel production. I did a bit of research into this a few months ago and, with the right kind of incentive, LFG could become a valuable asset for firms and municipalities with the right to it. This is an area to keep an eye on.

On Tuesday, Jozef Winter at ecogeek discussed Xcel Energy's announcement of a $100 million investment for 'Smart Grid' initiatives. This is good news for the energy efficiency space, especially as smart grid/efficiency stocks have been struggling over the past while (see COMV and ENOC). I see energy efficiency as a low-hanging fruit with plenty of potential, but unfortunately there aren't sufficient incentives yet to drive massive investments in this space. It is therefore encouraging to see a mainstream utility make a large capital commitment to the concept.

On Friday, Keith Johnson at the WSJ's Environmental Capital wondered why pricey oil wasn't helping cleantech stocks more. Sure, alt energy stocks are decoupled from the price of oil on the upside, but it's still unclear whether this decoupling would hold on the downside. The broader point from this story: alt energy earnings remain volatile and so alt energy stock prices are volatile.

On Friday, Eric Savitz at Barron's Tech Trader Daily told us that Citi sees a solar glut in 2009 and 2010. So the solar-cell makers with low cost structures will get a competitive edge in a situation of general oversupply - no big surprise here. But who will have an edge in consolidating the industry?

Posted by Charles Morand at 12:39 PM | Permalink | Comments (0)

On Tuesday, Jennifer Kho at Greentech Media informed us that LDK's CEO was starting up a thin-film solar firm. Given thin-film's potential and the stock market successes of one thin-film maker in particular, the emergence of competition doesn't come as much of a surprise. And who else to do better than an already-successful solar entrepreneur.

On Wednesday, Craig Rubens at earth2tech featured an interview where the CEO of PG&E painted the future of utilities for us. An interesting interview on the potential and challenges of plug-in hybrids and net metering.

On Wednesday, Scott Krisner at Innovation Economy suggested that battery-maker A123 Systems had signed, sealed but not yet delivered on an IPO. Cleantech investors have been yearning for battery pure-plays for some time, so if this is indeed an accurate report it is sure to draw a lot of attention. The question is, will capital markets be ready for something like this in the fall?

On Thursday, Felicity Barringer and Andrew Ross Sorkin at the NYT told us that a prominent green group was helping an equally-prominent buyout firm becoming greener. KKR certainly raised eyebrows last year when, as part of the TXU deal, it decided to cancel a number of coal power plants on grounds that they represented a potential future liability. This week's announcement will, once again, re-ignite the debate as to whether shareholder value can be created (or at least material risks averted) by managing environmental matters in the same systematic way other areas of the firm such as HR or accounting are handled. PR or good business...what do you think?

In yet another indication that solar is slowly moving toward the mature industry status, Good Clean Tech informed us on Thursday that OptiSolar was planning on building the largest solar farm in the world. 550 MW of PV solar panels is a big deal, and at that scale the economies make the returns on projects like these very attractive.

Posted by Charles Morand at 01:05 PM | Permalink | Comments (0)

On Monday, Michael Kanellos at CNET's Green Tech Blog told us that cellulosic ethanol was to surpass corn...in 14 years. Turns out he got that info from one of the leaders in making enzymes to break down cellulose. So if it takes about 14 years for cellulosic ethanol to scale up production levels to about 15 billion gallons annually, or roughly 10% of current liquid fuel consumption in the US, could there be a risk that cellulosic misses the boat altogether? Most of the estimates thrown out there for the cost of cellulosic to be competitive with corn are in the neighborhood of four to eight years, but once costs come down will the industry be able to scale up fast enough to even stay relevant in the race for alternatives to gasoline?

On Tuesday, Toby Shute at The Motley Fool argued that Google's gigawatt was gaining steam. What gives Google an edge in renewable energy, according to the author? The firm's expertise in scalable solutions. I've never been a big fan of launching into things in which you don't have a competitive advantage or even expertise, so I'm somewhat skeptical of Google's forays into wireless and especially clean power . Nevertheless, the folks at Google can certainly tell a strong business model from a bad one, and I'm sure they know a thing or two about execution. Maybe one day I, too, will be silenced.

On Thursday, Matthew Hougan at Seeking Alpha shone light on solar ETFs. This piece provides a detailed overview of two solar ETFs launched recently. ETFs are a great way to balance concentrated exposure to a sector with a healthy amount of firm-level diversification, at a cost that makes sense for retail investors. For solar, you have the choice: you can go pure play or solar light.

On Thursday, Katie Fehrenbacher at earth2tech asked if PG&E would own solar power plants. The argument made here is interesting, namely that large utilities can leverage their strong balance sheets to acquire cheap capital for the construction of large-scale renewable energy projects like a solar thermal plant. Given the nature of these projects, where there is long-term revenue certainty and costs is where big gains can be realized, the ability to come in with cheap capital can make a notable difference over time. In fact, as the solar industry follows wind and consolidates, there is where you should expect the big players to have a significant advantage.

On Friday, Dan Lewis at AEI wondered whether Brazil's latest oil find would undermine its booming ethanol industry. Broadly speaking, he is wondering whether whatever oil can be found and economically extracted from unconventional sources is enough to put a dent in the current supply-demand imbalance, if indeed there currently is an imbalance, and therefore shift political and investor attention and resources away from the search for alternatives. This is every alt energy company's CEO's greatest fear, as there is no doubt that expensive oil has increased their access to, and lowered their cost of, capital. It has also provided some of the political justification for the generous subsidies alt energy has enjoyed in many jurisdictions. So the question begs asking: given the lengths to which certain governments have gone to promote alt energy, would a sharp drop in the price of oil be as much of a shock to the system today as it may have been five years ago? I think not, although alt energy stocks would take a serious beating for a time.

Posted by Charles Morand at 09:53 AM | Permalink | Comments (0)

This week, IMF officials voiced strong concerns over current biofuels policies in the US and Europe. On Friday, the head of the IMF claimed that biofuels posed nothing short of a moral problem for the West, and that he would support a moratorium on biofuels made from foodstuffs. Also on Friday, the IMF's Chief Economist called biofuels "a new form of protectionism" that is "now front and center in global geopolitics." For anyone who's been reading the news over the past month, you can't help but agree with this assessment. With food prices now rising in real terms for the first time in 30 years, humanity faces something it has never experienced in its history: global tightness in food supplies. Under such a scenario, producer nations shut their borders to export to shield their populations from steep agflation, wealthy closed economies like Venezuela or Russia fix prices for foodstuffs and subsidize the difference, and the poorest of the poor get zip. For as long as I have written for this site, I have always claimed that this would be the single largest problem facing corn ethanol in the US - much more so than industry-specific concerns like oversupply. While the current administration can be expected to dig its heels in on this issue, pressure over the past two years has only been increasing and I am doubtful that, in the current context global food shortages and the lack of evidence that ethanol does anything at all to reduce foreign oil dependency, the US and European biofulel industries can expect enduring support from their politicians. The deal they have been getting is much too good to be true, and I expect reality will set in sooner rather than later.

On Tuesday, Ted Nace at Grist told us about the education of Warren Buffett. Interesting piece on how MidAmerican, a Berkshire Hathaway company, abandoned plans to build a number of coal plants. While Buffett typically adopts a hands-off approach with his managers, he does get involved in important capital spending decisions, so you can rest assured he had a say in this. Now for anyone who has been following what's been happening with coal power in the US, it's not exactly true to this decision went unnoticed at the time. Moreover, while Buffett does not have a track record of making high-profile pronouncements on the environment, MidAmerican has built a significant portfolio of wind generation assets and, again, you can bet the Oracle had a hand in making this happen. Were these decisions made because Buffett has suddenly turned environmentalist? Not a chance! Am I happy that the greatest visionary in US capitalism is seeing green in green? You bet!!

On Tuesday, the WJS's Environmental Capital about the latest large oil producer to throw the peak production towel. The May edition of Bloomberg Markets also featured an interesting article discussing declining production at Pemex, the Mexican oil giant (unfortunately this article isn't available free of charge). In both cases, it probably doesn't help that federal authorities have done everything in their power to discourage foreign investment. Nevertheless, given the opacity surrounding the state of global oil reserves generally, these tidbits of info can't help but lend further credence to the peak oil theory.

On Thursday, Chris Baltimore at Reuters told us about a certain billionaire Texas oil man who is making big bets on wind. Projects of this magnitude will do wonders for the economics of the sector by helping prices come down. I also like the idea of a north-south wind corridor and an east-west solar corridor. I'm not sure, however, that natural gas will ever power a significant portion of cars. It would appear illogical to me to switch out of a non-renewable fuel source at great costs to replace it with another.

On Thursday, Jim Fraser at the Energy Blog informed us that Trina Solar had canceled a $1 billion polysilicon plant. The reason? The poly supply shortage is easing and Trina can sourse all that it needs in the market place. Polysillicon has been the main enemy of margins in the solar PV industry over the past couple of years. Could it be time to start looking at some of the solar stocks that were particularly exposed to this?

Posted by Charles Morand at 09:28 AM | Permalink | Comments (1)

On Sunday, Aline van Duyn argued that businesses face clean water scarcity risks. Arguments about business risk and water scarcity, or about investing in water as the next hot commodity, come and go, but nothing ever seems to stick. This is probably because very few companies have yet managed to make big bucks from water problems. However, on the risk side, things could materialize sooner than some think. Question: what's put Canada on the map globally, attracted vast amounts of capital, has all oil majors in a stampede, and is (tacitly) key to America's plans for a safe and secure energy future? You got it, the Oil Sands.

On Tuesday, Green Wombat wondered whether it was too late for big solar to save the day. This is a huge deal and, in my opinion, a significant sign that solar thermal is coming of age (which I don't believe can be said of PV yet). But Wombat hits it on the nail when he says that bureaucratic and procedural hurdles, coupled with an uncertain policy environment, are slowing solar development down materially. My prediction (get ready for some real insight): don't expect those hurdles and uncertainties to disappear anytime soon.

On Tuesday, Neal Dikeman at Cleantech Blog wondered whether cellulosic ethanol would always be the bridesmaid. Interesting piece, especially in light of Neal's accurate predictions on the corn ethanol industry earlier. For my part, I have steered clear of all biofuels so far with my portfolio. When I look, I see big promises but no positive operating earnings for years to come in the case of cellulosic, or just a complete mess for corn ethanol driven mostly by wonky government policies. All in all, I yet have to encounter a good risk-adjusted value proposition in this space. Now don't get me wrong, there is a lot of smart money piling in, and I certainly get excited by the potential promises of cellulosic ethanol...I just have a hard time seeing where I can make money out of it.

On Thursday, Clarke Canfield at The Seattle Times told us about the latest commodity to be bubbling up: sawdust. While there isn't really an angle for most investors here, this is indicative of a broader secular trend of basic commodity scarcity, something the world has never really experienced for a prolonged period of time. While the sawdust story is amusing, tightness in commodity markets is not something to be taken lightly, as illustrated by recent unrest caused by global rice shortages.

On Friday, Jim Fraser at The Energy Blog informed us that Transalta Corp and Alstom were planning on building the first coal power plant CCS project in North America. Let us hope this one doesn't go the FutureGen way. This could also be an interesting proposition for Alstom. As in many other areas, a technological race is currently underway for end-of-pipe GHG management solutions, and emerging as a technology leader could mean access to booming markets for pollution control like China and India.

Posted by Charles Morand at 08:38 AM | Permalink | Comments (0)

On Sunday,

Maria Manka at the Green Options Blog asked if branding will be blowing in the wind farms.

On Monday,

Utility analyst Daniel Scotto warned of increasing power outages in an interview with EnergyTechStocks.

On Tuesday,

Will Dunham at Reuters broke the news of another large chuck of the Antarctic ice shelf disintegrating.

On Wednesday,

Marianne Lavelle of Beyond the Barrel rolled out the news of truckers backing a national 65 mph speed limit to save gas (and money.) 

On Thursday,

Katie Fehrenbacher at Earth2Tech listed 15 algae startups attempting to commercialize pond scum.  Algae startups are all the rage, with an in-depth article by Jennifer Kho at Greentech Media about GreenFuel's "well under way" initial commercial algae production plant.  Unlike the Petrosun Drilling algae farms I wrote about two weeks ago, the GreenFuel CEO is admirably low-key about the immediate prospects about for this facility. Hank Green at EcoGeek is feeling inundated under the green wave, but feels that Algae may have come of age.

On Friday,

Jim Kingsdale's Energy Investment Strategies plugged us in to a Danish plan to prepare the nation for electric vehicles (EVs.)  EVs were also on our minds when Craig Rubens at Earth2Tech wheeled out the news from my personal favorite EV maker (Aptera) that "Manufacturing Starts Now."

Preston at Jetson Green surprised us with the gigantic margins by which green buildings financially outperform their conventional counterparts.

Posted by Tom Konrad at 09:50 AM | Permalink

On Tuesday,

Michael Hoexter at RenewableEnergyWorld covered the increasing number of companies constructing Concentrating Solar Power plants around the world.

Dave Room at EcoLocalizer reported on a new model for residential solar purchasing: 24 neighbors banded together to put out their own Request For Proposals (RFP.)

On Wednesday,

Big Gav at Peak Energy rounded up stories on a less talked about biofuel, biogas, which I prefer to ethanol and biodiesel because of the superior crop yields in terms of miles per acre.  Miles per acre was big on the blogs this week, with both me and Philip Proefrock at EcoGeek quoting a study which highlights the potential of solar using this measure.

Jacques Leslie at The Christian Science Monitor warned that China's pollution nightmare will become everyone's pollution nightmare.  Disquieting news, given that China's CO₂ emissions are likely to grow 11% per year until 2010, according to researchers in California. 

On Thursday,

Steven Mufson and Blaine Harden at The Washington Post, showed us how China's ravenous appetite for coal was leading to booming exports and profits for coal miners in the US.  Should we really be exporting coal to China at the same time we complain about the global warming caused by their coal fired power plants.  China can ban coal exports, but so can the United States (or at least slap a gigantic carbon tax on them)

Environmental Leader told us how we ("green tech leaders") can open up a $104 Billion market in green technology products.

On Friday,

Hank Green at EcoGeek let us in on the details (and sponsor) of the $10M Automotive X-Prize competition.

The markets took a break.  Happy environmentally conscious egg dyeing!

Posted by Tom Konrad at 07:59 AM | Permalink | Comments (0) | TrackBacks (0)

jcwinnie at After Gutenberg detailed the Mcgyan process which promises to convert a much array of oil feedstocks into biodiesel with a reusable catalyst and less waste.

AutoblogGreen plugged us in to Zap's new Prius PHEV conversion kit, but Green Car Congress brought us a study that warned we might need to do some serious water planning before such too many people start using them.

On Monday,

Craig Rubens at Earth-to-Tech painted a picture of a new photovoltaic coating from Corus Colors.

On Wednesday,

David Erlich at Cleantech.com rolled out the story of GE's new organic light-emitting diode (OLED) printing process.

On Thursday,

Tom Whipple at EnergyBulletin took at look at a largely unrecognized driver for the current financial turmoil: Peak Oil.

Earl K., at Climate Progress, warned that the California Air Resources Board (CARB) is about the kill the electric car, again, and asked us to take action before the March 27 meeting.

On Friday,

Kevin Bullis at Technology Review gave us the skinny on Solaria's photovoltaic panels made with thin strips of silicon.

On Pi-Day,

Warren McLaren at Treehugger reminded us that there's a greener transportation option that water-guzzling PHEVs which is taking off in Britian, and Jasmin Chua found us a cartoon to cheer us up about the whole mess.

Posted by Tom Konrad at 10:06 AM | Permalink | Comments (0)

On Wednesday, David Strahan at The Guardian calculated some lump sums for us. A couple of years ago, when it became clear that we were running into serious supply problems with oil, one pundit after another told us that we would never have to worry about coal. After all, in the US alone, there was 250 years' worth of supply at current consumption rates. Well, that was then, and this is now. And if skyrocketing feedstock costs aren't enough to deter you from building a coal plant, maybe rising capital costs will. Is King Coal's reign looking shaky? It might be time to re-visit Tom's article on constructing a peak coal portfolio.

On Wednesday, Keith Johnson at the WSJ's Environmental Capital wondered whether TXU was in too much debt to go green. The question is framed wrongly - it's not about whether TXU is too leveraged to go green, but rather about whether looming climate regulation will upset the economics of the power generation industry to a degree where the firm's new capital structure won't be optimal anymore. But the point is well made; while KKR and TPG were hoping that the cancellation of coal plants would reduce risk, it turns out that too much leverage may still put them in an environmentally-driven bind. Damned if you lever up to your eyeballs and cancel coal projects, damned if you don't.

On Wednesday, Jennifer Kho at Greentech Media wondered whether there would be competition for First Solar. Judging by the firm's trailing and forward PE ratios, you definitely wouldn't guess there's competition on the way. Whether the challenger discussed in the article makes it or not, it is somewhat dumbfounding that no one had gone after First Solar in any meaningful until now. But I for one certainly don't think that that will remain the case forever, and until I have a clearer picture of what the competitive landscape will look like once the industry has matured a bit, I wouldn't touch that stock at this level with a ten-foot pole.

On Friday, Robert Rapier at R-Squared Energy Blog argued that cellulosic ethanol was dead. This is an interesting take on the ethanol debate, and not a new point of view from the author. Of course, political leaders have invested much political capital in both corn-based and cellulosic ethanol, and this could ensure that many hurdles are surmounted at whatever the cost. Path dependency in policy-making can be an incredibly powerful force, and the US is showing no sign of veering off the ethanol path. Although I do like gasification technology, I'm definitely not ready to write-off cellulosic ethanol just yet.

On Saturday, Neal Dikeman at Cleantech Blog told us about doing cleantech the right way. I've discussed GE's cleatech moves on a number of occasions in the past. There's no doubt that by applying its notorious corporate culture and discipline to the emerging fields of cleantech and alt energy, GE has been able to achieve great successes, fast. As pointed out by Neal, this flies in the face of VC folks who often believe that large conglomerates are not nimble enough to play in high growth spaces like cleantech. In fact, in these times of uncertain equity markets, larger and more stable firms are a safer way to play cleantech than emergent pure-plays. Where's GE headed to next? Looks like electric cars and batteries.

Posted by Charles Morand at 03:05 PM | Permalink | Comments (0)

On Sunday, TraderMark at Fund My Mutual Fund opined that the solar sector was headed for a shakeout. Well, he didn't quite opine that...he reported the major points from Greentech Media's Solar Market Outlook event. The main conclusion is that it's not only 2008 that's going to be a tough year for solar, but rather the next 3 to 4 years as the industry matures and consolidates. TraderMark argues that the solar sector will follow a boom-bust-echo path; we're currently just exiting boom times (read: incredibly rich valuations times) and the whole think is about to go bust, but if you can pick up future winners on the cheap during this period echo will do great for you.

On Wednesday, Jim Fraser at The Energy Blog reported that the end might be in sight for silicon shortage in the solar industry. The timing will be unfortunate for many PV hopefuls. Just as solar PV manufacturers get a break on the cost side, the revenue end will likely give as too much supply forces prices down. Where should you look for good long-term investments? Low manufacturing costs and healthy balance sheets to come out ahead in the consolidation game.

On Thursday, The Economist discussed the transition process from geek to green. Do high-profile techies have what it takes to be good at running successful cleantech and alt energy firms? On the one hand, there is a decidedly 'tech' feel to a whole side of the business. On the other hand, the forces driving much of the momentum in cleantech and alt energy are vastly different from those driving the technology industry. Mind you, the internet sector did broadly follow a boom-bust-echo development path (see first item), so maybe experience navigating this sort of environment is what will really matter as the sector matures.

On Thursday, David M. Herszenhorn at the the NYT discussed the passing by the House of a bill to extend tax credits and other incentives to the alternative energy sector. Concerns about those credits are partly responsible for the current volatility experienced by alt energy stocks, most notably solar. It seems ridiculous to me to argue that Big Oil needs tax breaks to operate profitably. Alternative energy, on the other hand, still needs a push in the near term, although it holds tremendous promises in the long run from nearly any point of view. Given demands by industry actors to end political uncertainty soon so as to not stunt growth, separating the two issues would probably be a more pragmatic road to take at this point. After all, old pork-channeling habits die hard, so in its current form don't expect that bill to go down without a fight from the White House.

On Friday, Gerard Wynn at Reuters informed us that banks are in talks to shape U.S. climate policy. This news comes just a few weeks after a coalition of major US banks claimed they were going to place more weight on climate risks in lending. Are these two pieces of news coincidental? Not at all. As the entities that will be running the trading show in carbon markets, big banks have every incentive to ensure that the system is structured in a way that will maximize value for them and their shareholders. Of course there are those who are cynical about this and claim that carbon markets will be nothing but a big money grab by big finance. I'm in the camp of those who believe that you have to be real about it, and that if everyone loses it will be years before any real climate action is taken. After all, Gordon Gekko's famous "Greed is good" speech became famous for a reason.

Posted by Charles Morand at 10:40 PM | Permalink | Comments (0)

On Monday, Richard T. Stuebi at the Cleantech Blog gave us the heads up on a McKinsey Global Institute study on energy 'productivity' (read efficiency). MGI makes an good case for policy-makers to pay more attention to energy efficiency, and the authors outline what investment commitments would have to made in different sectors for their ideal scenario to be realized. One interesting insight - the residential sector would be near the top at 25% of investment flows. Are retail energy efficiency solutions one piece of regulation away from taking off?

On Tuesday, Nick Hodge at Seeking Alpha told us about how to invest in BIPV companies. If one believes that the MGI's masterplan for energy productivity (discussed above) has a good chance of being implemented, than the BIPV sector would be a huge winner. Another funny coincidence: one the global leaders in this space just got smashed for margin, inventory and guidance hiccups. Can you guess who that is? This could be a good time to look at picking some up on the (relative) cheap.

On Wednesday, Energy Tech Stocks argued that the chance of a disastrous drought in the U.S. southwest presented a huge opportunity for utility-scale solar firms like Ted Turner’s. It's no mystery that the once mighty rivers of the US west aren't so mighty anymore - so could the lost hydroelectric potential be recouped through massive solar developments? That's certainly a possibility and I'd go further and argue that, given yet unresolved variability and storage issues with solar PV, CSP is what you should really be interested in if you think the west is going solar for its baseload needs.

On Wednesday, Climateer at Climateer Investing told us about an interesting article that wonders whether massive railroad infrastructure will fundamentally change US transportation logistics. Railroads could be one of the great winners of tightening environmental standards, rising fuel costs and chronic traffic problems in most of North America's major urban areas. Of course, this isn't 1873 anymore and one doesn't build a railway where ever one feels like it. But because hardly any money has gone in the railroad network since 1873, upgrades alone could provide some interesting opportunities. Look for the suppliers.

On Thursday, Keith Johnson at the WSJ's Environmental Capital told us about a new carbon market. I've been keeping an eye on the little Massachusetts-based, Toronto-listed company discussed in this article for a couple of years now because of my interest in environmental markets. While I think that what these guys are doing is very innovative, I am a little concerned about crowding out. America's environmental markets (i.e. NOx/SOx, RECs, etc.) are neither especially large nor especially liquid. While the advent of carbon trading and the growth of the RECs markets could change that dramatically, it is unclear whether everyone will be able to play this game profitably. At the end of the day, in the exchange business, scale and reputation drive business which drives liquidity which drives efficient prices which drive more business, although the World Energy folks don't view exchange-based trading as an optimal solution (hmmmm...I wonder why that might be). At the other end of the spectrum, the more established brokers will drive a lot of the OTC business. While the entry of NYMEX into this sector boosted confidence that carbon trading is indeed be on the horizon for North America, it also made that whole space a lot less attractive for existing and potential competitors.

Posted by Charles Morand at 09:18 PM | Permalink | Comments (0)

On Monday, Lisa Lee at Reuters informed us that banks were to weigh CO2 emissions in power lending. This is, without a doubt, the story of the week. However, anybody who has been following this space knew that the writing was on the wall. Cai Steger at The Invisible Green Hand put together a comprehensive list of coal power projects that have either been canceled or put on hold due to environmental concerns in the recent past. Somewhat paradoxically, the same week, a major US coal export terminal announced that it was boosting capacity. Don't be fooled, although coal may have suffered a small setback in America, it continues to do very well globally as a fuel source for power gen.

On Tuesday, Julian Murdoch at Hard Assets Investor gave us an overview of the latest Bush budget from an alternative energy perspective. This is an interesting read and I don't have too much to say about it, other than that the Bush Administration definitely did not throw alt energy any bones to make up for ground lost elsewhere.

On Wednesday, Ryan Stanton at Mlive.com told us that methane from landfills was seen as a viable, renewable source of energy. Landfill methane, old story right? Well I'm not so sure. While the technology and the concept have been with us for the better part of the past 20 years, the economics of these projects could be significantly altered in the years ahead for two main reasons: (a) the proliferation of incentive programs for clean power generation across North America, and (b) my favorite, carbon credits. It will be interesting to see what happens with firms heavily involved with this, which at the moment would be your large-cap waste management companies. Could they be in a position to build nice portfolios of carbon offsets for eventual re-sale in a North American carbon market...a la Blue Source?

On Wednesday, Massie Santos Ballon at Cleantech.com met with someone who is challenging silicon's grip on solar. Despite rough times in equity markets and uncertainty around federal incentives and the price of oil, solar remains a pretty exciting space because such innovations promise to bring down costs significantly in the next few years. However, although it is fair to say that an economic slowdown will not ravage the industry, hefty valuations across the sector as recently as last month suggest that a little more pain may be on the way if equity markets continue to soften. Watch for good bargains!

On Friday, Michael Kanellos at CNet News.com gave us some scary stats about greening the grid. What are two of the biggest issues facing the grid according to these two utilities executives? Grid expansion/upgrade and storage - two of our favorite sectors. The numbers given early on in the article provide you an idea of the scale of expenditures required over the next few decades. Check out Tom's article for a selection of transmission stocks.

Finally, the AltEnergyStocks.com team would like to wish all of our Chinese readers Happy New Year. This year is the year of the Rat. We put year of the Rabbit earlier - that was a mistake. Apologies.

Posted by Charles Morand at 12:36 AM | Permalink | Comments (0)

A few weeks ago, I argued that signs were pointing toward an imminent return of diesel powertrain technology in North America. On Monday, however, Mike Millikin at Green Car Congress informed us that US new-car shoppers did not see diesels as a likely mainstream powertrain. Instead, hybrids really seem to have captured the imagination of US car shoppers. The respondents' perception of diesel seems rooted in stereotypes dating back to the 1980s, which I suppose is normal given that that is when US drivers last experienced diesel engines to any significant degree. It will be interesting to see whether the car makers that are banking on diesel making a comeback in North America manage to change that perception.

On Wednesday, Keith Johnson at the WSJ's Environmental Capital discussed rate cuts and renewable energy. Well...not quite. His post focuses mostly on what would happen to solar stocks should OPEC turn on the taps. Should OPEC nations find the capacity to increase their collective output, this would be yet one more item solar bears would have on their side for 2008. But the question is, can OPEC even find that capacity?

On Wednesday, Bioenergy Business told us that a new US renewable fuel standard trading exchange had gone live. Regular readers know that I'm a big fan of all things market-based for regulatory compliance, be it carbon credits, SOx emissions or RECs. This new kid on the environmental exchange bloc promises to be interesting, especially given that, unlike CO2 or RECs in certain states, the Renewable Fuel Standard (RFS) is mandatory.

On Thursday, Climateer at Climateer Investing gave us the heads up on an article that argues that China could soon be the world's top wind turbine manufacturer. There are two interesting angles for investors here. First, current tightness in wind turbine supply should ease by 2009 as new capacity continues to be added, which will lead to price decline and potential top-line impacts for the current turbine majors. Second, after a plethora of Chinese solar IPOs on US exchanges over the past 3 years, could Chinese turbine makers be next? Keep in mind, however, that quality will continue to be a key issue and that the incumbents have a serious advantage here.

On Friday, Renewable Energy Access informed us that the Senate Finance Committee had added renewable energy tax credits to the White House's proposed Stimulus Bill. Not quite sure what to think of that. For one thing, that package really isn't where these support schemes belong, and the fact that Senators resorted to trying to squeeze this in there highlights Congress' complete lack of leadership on this issue more generally. Second, like many others, I happen to think that this 'stimulus' effort is nothing but a knee-jerk reaction to a problem that demands more fundamental and long-term action.

Posted by Charles Morand at 03:56 PM | Permalink | Comments (0)

On Tuesday, Todd Woody at Green Wombat told us the the clock was ticking on the crucial solar investment tax credit. When the solar ITC was dropped, the potential impacts were unclear although many folks had a good idea of what might happen. It now seems as though this is indeed throwing a spoke in the wheel of more solar development in the US, although industry leaders apparently remain sanguine. Given the amount of debt financing solar developments typically get, throw on top of ITC concerns high levels of uncertainty in capital markets over the direction of the economy (for at least the first half of 2007), and you have a perfect storm in terms solar financing drying up. We've recently argued that 2007 could be a bear year for solar...to be continued!

On Wednesday, BCC Research argued that the global market for electric energy storage would be worth $3.8 billion by 2013. A gentle reminder that large-scale energy storage is one of the biggest challenges facing North American power grids at the moment, especially as more renewable energy is brought on stream. But besides renewable power, effective large-scale storage could go a long way in dealing with base/peak fluctuations cleanly and cheaply. Regular readers know that both Tom and I like large-scale storage a lot, and these numbers seem to confirm our hunch.

On Wednesday, Keith Johnson at the WSJ's Environmental Capital informed us that alternative energy was coming of age. The Iberdrola Renovables IPO did indeed mark a turning point in the world of public alternative energy firms - the emergence of pure play renewable energy behemoths.

On Thursday, Renewable Energy Access informed us that Acciona (ACXIF.PK), the Spanish wind power heavyweight, had received its first wind power contract in Canada. This news came a week after the company had announced the opening of its first wind turbine manufacturing facility in the US. On Wednesday, Repower System AG (RPWSF.PK) announced its intention to open a turbine facility in Canada. 2007 saw growing activity by large foreign wind players in the North American market, and it is fair to say that North American really has become the world's new 'wind frontier' (at least for the time being). What's the significance of this? Just as the European wind power boom is waning, many of those firms are now finding new growth pipelines that will carry them through the next few years until Asia really takes off. You can also expect a continuation of the intense consolidation activity that's been the norm over the past two years. Find small publicly-traded firms with wind development rights and you have good plays on this consolidation - for this, however, you will mostly have to look on the Canadian side of the border.

On Saturday, Alex Steffen at World Changing showed us what happens when Big Oil starts to scenarize about climate change. Given the degree to which companies such as Shell influence energy policies, this is interesting insight in how they see things develop over the next few years.

Posted by Charles Morand at 10:04 AM | Permalink | Comments (0)

On Sunday, Cory Jenkins at Seeking Alpha told us about the next green energy phenomenon. The carbon offset space where credit origination is coupled with commoditization of what would otherwise be 'waste' (i.e. methane from livestock can be used to produce power instead of vented into the atmosphere) is a space I am very excited about. Some of you may have read the article in the December edition of Bloomberg Magazine on privately-owned Blue Source, and, if you haven't, I'd definitely recommend it. I think the business model makes an increasing amount of sense the more whatever you initially capture (e.g. methane) can be sold directly for revenue. Bank most of the credits, wait for regulation to happen, and you may find yourself sitting on an asset worth a lot of money. Again, unlike the more complex tech plays in the cleantech space, I like this because I can actually understand what's going on and can see a very healthy market develop for such services.

On Monday, Jim Gillies at The Motley Fool told us about the worst stock for 2008 (drum roll): First Solar (NASDAQ:FSLR). One quote from this article pretty much sums up how I feel: "Never confuse a business with its stock." Ratios alone will tell you that this story is over-hyped, and Porter's Five Forces tell you that unless certain specific conditions are met at all times (and they are not in this case), it won't be too long before something gives and your margins get squeezed. To be continued...

On Wednesday, Xavier Navarro at AutoBlog Green informed us that the EU was ready to ban certain biofuels. The EU is citing false concerns to shield its grossly inefficient farmers from global competition. What's new? What's new is that we are now exiting a world where prices for agricultural commodities had been in steady decline in real terms for 30 years, and entering the brave new world of agflation. More than ever, the distorting effects of Western agricultural protectionism will be felt not only abroad but also at home. Concerns surrounding agricultural inflation driven by increasing demand for proteins by China and India's exploding middle classes remains, in my view, one of the biggest risks facing the non-cellulosic ethanol sector. The Food Vs Fuel debate will become, in the years ahead, more real than ever.

On Wednesday, Tyler Hamilton at Clean Break discussed the ugly side of next-gen energy storage. This story should serve as a cautionary tale to investors who get excited after one contract is signed or one milestone reached by a company working on the technology du jours. Many companies in the cleantech space are attempting to develop applications that will never make it past the lab's doors. In times of credit tightness and equity market softness (i.e. now), the technology risks discussed by Tyler are compounded by financial risks, as many of these firms get wiped out after they burn through their cash and are unable raise additional financing. Right now is a good time, if you are holding stocks like this, to take a real close look at various measures of working capital. A balance sheet implosion would prove just as disastrous for an investor as a battery explosion.

On Wednesday, Rob Day at Cleantech Investing gave one of the reasons why residential energy techs don't get adopted. Add to that substantial behavioral barriers, and you start to get the picture. The residential market for green solutions offers the potential for high margins but the the hurdles as they currently stand make that space, in my view, unattractive from an investor's standpoint. Building-related cleantech firms have a much better shot with commercial customers, but here the margins are typically lower.

Posted by Charles Morand at 09:12 AM | Permalink | Comments (0)

Technology Review, my favorite science publication, gave us last week a wrap-up of the year in energy. It's a recap of the main energy-related stories the magazine published in 2007, and is well-worth a read if you want to start 2008 up-to-date on where the science is on most issues of relevance to alt energy investors.

On Monday, Jerome Ball at Alternative Energy Trading argued that the solar PV industry would veer into oversupply in 2008. This is one of the most cogent analysis of the solar PV market I have read in a while, and it takes a somewhat contrarian view - what's not to like! I'm entirely out of solar PV at the moment simply because last time I had cash on hand and was looking for PV stocks, I couldn't find what to me seemed like good value. On a related note, on the VC front, Rob Day's Cleantech Investing Readers’ Survey (Part II) revealed that many folks out there feel like solar may be exhibiting signs of bubblishness. Will solar PV be the great bear story of 2008?

On Wednesday, Dan Lewis at AEI told us which were the best and worst returning alternative energy stocks in 2007. Ignore the non-US securities and an unsurprising picture emerges: the vast majority of top performers are solar stocks (many of them Chinese listed in the US) and most of the dogs are ethanol stocks. Unsurprising as it is, this picture is still worth a thousand words. Tom argued some time ago that the correction in ethanol stocks may have been overdone, and Jerome Ball (see above) recently argued that the solar bull may be running out of steam. Might 2008 be a good time to start looking at some of the ethanol stocks again?

On Wednesday, Sebastian Blanco at AutoblogGreen told us that new CAFE requirements had helped turn Detroit's eye back to diesels. Interestingly, while arguments are raging within the cleantech community over whether biofuels or electric powertrains will emerge as the dominant choice for road transportation in North America, diesel may quietly be staging a comeback. While both biofuels and electric cars are years away at best from seriously threatening the dominance of gasoline here, diesel could emerge as a contender sooner rather than later, as evidenced by its prominence at this year's Detroit Auto Show. Purists will certainly say diesel isn't 'clean', but one would be hard-pressed to argue that ethanol is. Moreover, I've always favored evolutions over revolutions, especially when it comes to my portfolio. So, could 2008 be the year to start looking for auto part makers with exposure to diesel?

On Thursday, the Biopact Team told us that investments in renewables broke the $100 billion barrier in 2007. It's a nicely-done overview of a recent study (PDF document) by New Energy Finance on alternative energy investment flows in 2007. On the public market side, the Iberdrola Renovables IPO was unmistakably the deal of the year. The interesting thing about this whole cleantech story is that it's been occurring in concurrence with a very strong bull market in North American equities, often blurring the line between good investment and good market. If 2008 turns out to be the difficult year that many expect it will be for equity markets, we could see the first real round of shake-outs in the short history of cleantech as an asset class, where many of the weaker players either fold because they can't raise money or get gobbled up. As pointed out by Rob Day in his Cleantech Investing Readers’ Survey (Part I), successful VC exits in the cleantech space have been few and far between thus far, and a bad year in equity markets could compound this problem.

Posted by Charles Morand at 08:35 AM | Permalink | Comments (2)

What were Cleantech bloggers blogging about in 2007?  We don't have to wonder... instead, I asked Brian, AltEnergyStocks.com's web guru, to do a special run of our Cleantech News Algorithm.

The Cleantech News Algorithm automatically by scans nearly 300 cleantech blogs and news sources, selected for their cleantech content. It takes three main criteria into account: 1) what other bloggers are saying about a news item, 2) how users across the Internet prefer a news item (which we call 'social popularity'), and when the item was written.  Normally it gives high priority to fresh news items, but this time Brian tuned it to look at all of 2007.

The result is an eclectic list of 10 items green bloggers found interesting, controversial, or just worth a link.  Part of the fun is that we not only have the articles, but also a list of the blogs that had something to say about them... it's a who's-who of Cleantech blogging.

Do you see yourself here?  If not, you don't have to write a controversial story to get a link on Cleantech News or  next year's top 10.  You can write about the same stories that draw other bloggers' attention... it's rather like a bloggy Family Feud.  (If you write about cleantech or related subjects, and your feed isn't in the list, you can submit it here.)

An Eclectic Look Back at 2007

#10 Part II: The Price of Biofuels
Technology Review's second installment in their look into the state of the art of biofuels (part I is here) brought out the cellulosic skeptics at WSJ.com: Energy Roundup, Earth2Tech, Gristmill, and After Gutenberg.

#9 Is There a Green Business Bubble?
Joel Makower asked on May 18th, 

Is all of this focus on the greening of business merely a fad? When will the bubble burst?

His answer, and the thought provoking reasons he gave for it, drew comments from: Triple Pundit, Mitra - Natural Innovation, Peak Energy, and Environmental Economics & Sustainable Development.

#8 Dean Kamen's Stirling Solution.
Green Wombat's August 2nd article about the inventor's willingness to take a fall and use of Stirling engines to extend the range of electric vehicles and provide power to rural communities caught the attention of Earth2Tech, Peak Energy, After Gutenberg, EcoGeek, and AltEnergyStation.

#7 Algal Biodiesel: Fact or Fiction?  

Robert Rapier questioned another biofuel 2.0 at his R-Squared Energy Blog on May 18th, and his article became a standard counterpoint to the algae optimists in many articles atPeak Energy, Clean Auto Technology, The Oil Drum, Peak Oil Optimist, and Gristmill (where my own Biodiesel's Nightmare article was unfortunately misattributed by the author.)

#6 Is IBM Going Solar?  

When AltEnergyStocks.com's Contributing Editor Neal Dikeman looked into IBM's solar push at Cleantech Blog on July 26th, bloggers at Energy Answers, Triple Pundit, Peak Energy, Global Warming Watch, and GUNTHER Portfolio helped spread the news.

#5 TerraPass customer survey results: indulgence myth pretty much dead  

When TerraBlog from TerraPass boasted about how their customers claimed not to be buying their way out of guilt in a survey on August 22nd, AutoblogGreen and  Triple Pundit were somewhat skeptical, but EcoGeek.org, Environmental Economics, and Green Car Congress just relayed the news.  Gristmill made the best point about this "odd, moralistic, trope."

#4 Start here  

RealClimate did a public service back on May 22nd, when they published a good introduction to climate science for the uninitiated.   Reasic, Climate Progress, The Conscious Earth, Peak Energy, and TerraBlog all found it helpful.

#3 1934 and all that 

RealClimate then topped this in early August.  Climate skeptics were shooting off about an error in US temperature data, so they did everyone a favor on August 10th, and pointed out that it amounted to

A couple of hundredths of degrees in the US rankings and no change in anything that could be considered climatically important.

Climate Progress (twice, no, three times,), Peak Energy, Gristmill (twice), TerraBlog,  and maribo helped debunk the "debunkers."

#2 TreeHugger Acquires Discovery Communications  

TreeHugger gave humourous spin to the site's acquisition by Discovery on August first.  But It's the Environment, Stupid., Practical Environmentalist, AutoblogGreen, Maria Energia, Greenway Communique, The Good Human, and Triple Pundit all took the acquisition of a green webportal by a mainstream media company seriously.

When Tyler Hamilton at Clean Break speculated about Hydrogen fuel-cell leader Ballard's possible deal with Daimler and Ford to shed its automotive division on November 5th,  Peak Energy, After Gutenberg,  Climate Progress, Gristmill and I joined in the speculation about the end of the politically driven fuel cell vehicle boondoggle.  However, Energy Problems and Solutions and  Hydrogen Cars and Vehicles Blog still hold out hope to for the Hydrogen economy.

Posted by Tom Konrad at 05:53 PM | Permalink | Comments (3) | TrackBacks (0)

Over the Weekend,

Craig Mackintosh at Celsias struck a note of cautious optimism about the outcome of the UN Climate Change Conference in Bali.

Jim Fraser at the Energy Blog transmitted the findings of a study of interconnected wind as baseload power.

On Monday,

The Biopact team reported on as study the potential for bio-based bulk chemicals to cut the consumption of non-renewable energy and greenhouse gas emissions.

On Tuesday, 

Rachel Barron at Greentech Media splashed the news of PG&E's agreement to purchase wave power from Finavera Renewables (Toronto: FNV, Pink Sheets: FNVRF).

Konrad Imielinski at GoG2G attributed the sharp rise in hard-hit ethanol stocks to the immanent passage of the Energy Bill. 

On Wednesday,

Craig Rubens, at earth2tech, published a great FAQ about thin film solar.

Oliver Lewis, at Celsias, filled us in on what was in (and out of) the Energy bill.    In: Biofuels, 35MPG CAFE standards, efficiency incentives.  Out: Renewable Energy incentives, taxes on oil firms.

David Roberts, at Gristmill, dissected the EPA's use of the above bill's passage as a flimsy excuse to deny California's application for a waiver from federal fuel economy standards. California will contest the ruling.

On Thursday,

Clean Edge summarized the Energy Information Administration's new Annual Energy Outlook.  Once again, the EIA is raising projections for oil prices, but they still think prices will fall back and that the US will be able to increase our production in the short term and decrease our imports over the next decade.  

On Friday,

Karla Harby at the New York Academy of Sciences briefed us on how flywheels can address changing power demands.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

DISCLOSURE: Tom Konrad and/or his clients have positions in FNVRF.

DISCLAIMER: The information and trades provided here are for informational purposes only and are not a solicitation to buy or sell any of these securities. Investing involves substantial risk and you should evaluate your own risk levels before you make any investment. Past results are not an indication of future performance. Please take the time to read the full disclaimer here.

Posted by Tom Konrad at 10:35 PM | Permalink | Comments (0)

On Wednesday, Mike Millikin at Green Car Congress told us that a federal court had rejected challenge to California's vehicle GHG regulations. This could provide a significant boost to the clean car market in California and in other jurisdictions following its lead. 

On Wednesday, Stephanie I. Cohen at Market Watch wondered whether the solar industry could live without the federal tax credit. The conclusion: sure, but solar development will slow and will be restricted to a few states with strong incentive programs. Does that also apply to wind? Industry actors certainly seem to think so, although wind appears to be in a stronger position to compete against thermal generation at the higher end of the cost spectrum without subsidies. 

On Wednesday, Rachel Barron at Greentech Media told us that Shell was shedding solar. This is probably good news for company shareholders. While Shell is technically an 'energy' company, it is neither a specialist in power generation nor manufacturing. The company's efforts in next-generation biofuels, given its extensive expertise in all areas of the liquid fuel value chain, could yield much more interesting results. 

On Thursday, Renewable Energy Access informed us that Senate had voted down renewable energy's tax title. It's probably no surprise that, despite giving renewables the cold shoulder, US law makers still managed to funnel pork ethanol's way. Given the state of financial markets at the moment, this doesn't come at a particularly opportune time for alt energy investors. Nevertheless, it is probably safe to assume this is just a temporary set back, and I am quite certain that something will materialize at the federal level for the sector before too long. Nationally and globally, there are definitely industries that are doing worse than this one. 

On Friday, Jim Fraser at The Energy Blog relayed Ausra's announcement of the first US manufacturing plant for solar thermal power systems, and reviewed the background on Ausra and their innovative CLFR technology.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 10:00 PM | Permalink | Comments (0)

Many of our readers may know about this already, but earlier this week I came across The Energy Challenge, a series of articles by New York Times writers on energy and environment issues. This is a great resource for alt energy investors and aficionados.

On Monday, David Biello at Scientific American discussed the state of the science for us. This is likely nothing new for many of our readers but serves as a good reminder of why I believe the cleantech space will be so strong in the next few decades.

On Wednesday, Rebecca Smith and Kevin J. Delaney at the WSJ described Google's electricity initiative for us. Most MBA students will probably tell you that this sounds a lot like unrelated diversification for Google, and that they wouldn't favor it from a shareholder's standpoint given the value-destruction history of such endeavors. On the plus side for alt energy investors, this means there is a new strategic investor out there with deep pockets and the desire to do deals. I'm certainly going to keep an eye on their next few moves.

On Wednesday, Graham Jesmer at Renewable Energy Access argued that wind power was helping Texas move past oil. While California, with its plethora of dot-com-venture-capitalists-reborn-as-green-warriors (YouTube clip), tends to be the darling of cleantech enthusiasts, Texas I would argue is at the fore of where the real action is. Jurisdictions like Texas will do more than Vinod Khosla ever will to actually bring down the cost of clean power gen through fostering industry scale. In fact, Texas could be the place that tips the economics of power gen in favor of wind sans subsidies...mind you, China might be able to help with that.

On Friday, Daniel Englander at Greentech Media unveiled the 2008 Greentech Market Taxonomy for us. This is a neat way of thinking about opportunities in that very broad space (i.e. cleantech or greentech...I have no preference), and the author hopes folks can build on his model to push the analysis further. For public market investors, there are probably many ways to augment this framework. For example, a table of where most of the financing is coming from (i.e. public Vs. private) for each sector would be a good starting point. For power gen, a comparison of costs of production on a per MW basis. And you could go on.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 11:18 AM | Permalink | Comments (0)

On Monday, Joe Carroll and Mario Parker at Bloomberg News argued that the current ethanol bust was making losers of Bush, Gates and D.E. Shaw. We are proud to say that at AltEnergyStocks.com, we have always been corn ethanol bears, even when many of these stocks were trending up. But beyond bragging about our foresight, which, by the way, was shared by several people, the current fiasco is a cautionary tale of the dangers of government trying to create a winner industry when that industry makes no sense on most levels. Things may change, but to date all that ethanol has managed to achieve is: cost American tax-payers millions of dollars, fill the coffers of already-millionaire farmers, destroy billions of dollars in shareholder value, deplete scarce water resources, inflate food prices, prevent an open global market for biofuels that would benefit nations with a true comparative advantage such as Brazil, and placate a handful of inefficient farmers who account for a fraction of the total US population. Might it be time to pull the plug and let this white elephant die off before it tramples anything else? Apparently not.

On Monday, Mark Gongloff at the WSJ's Energy Roundup discussed the difference between peak and plateau. Whether oil supply is currently peaking or plateauing, one thing is certain: demand is steadily growing. So if the debate really has shifted from whether supply is increasing to whether it is peaking or plateauing, basic microeconomics is quite clear about what the outcome will be on prices. The only question remaining, then - and this comes back to peak Vs. plateau - is "how fast will prices rise?"

On Thursday, Climate Progress reported what could, if true, be the story of the week. Well, I suppose that's open for debate, but I do agree with the author that this announcement should be taken with a grain of salt. Nevertheless, Chinese officials making these types of declarations in public is likely a signal that China is warming (no pun intended) to the idea of seriously negotiating on this issue. China is, after all, the world's largest source of CDM carbon credits, and regional players are betting that it may soon seek to formalize its position as a major environmental market.

On Thursday, James at Green Investments discussed India's cleantech - a huge opportunity for investors. As in other areas, India's cleantech potential is often overshadowed by China's. But India is no cleantech joke. I'm surprised the author omitted to discuss Suzlon and the REpower deal, which squarely put India on the global alternative energy map.

On Friday, Jennifer Kho at Greentech Media told us all about turning coal's CO2 into biomass. Coal is plentiful and cheap, and, despite the way many folks feel about it, it just ain't going away anytime soon. In terms of investment, I have discussed in the past opportunities related capturing greenhouse gases from power gen facilities. While very speculative and closer to pure tech plays than alternative energy, companies in this field could nonetheless one day be offering solutions in very high demand. I believe this is a space worth keeping an eye on.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 08:59 AM | Permalink | Comments (0)

The December edition of Bloomberg Markets Magazine is devoted partly to the rise of carbon capitalism. An interesting series of articles on the budding carbon economy. While there are currently few ways for North American investors to play this, I continue to believe that this is an area the environmental investor must keep an eye on.

On Monday, Jim Kingsdale at Seeking Alpha discussed ethanol and biodiesel: two very different biofuels. This is an interesting piece with a bullish outlook for two biodiesel stocks. Biodiesel often lingers in the shadow of ethanol in North America, yet it is a very interesting way to play biofuels. On the conventional fuel side, it seems as though diesel has all it takes to make a comeback in North America.

On Tuesday, Rachel Oliver at EcoSolutions told us all about CSP. We've addressed in the past the fact that concentrating solar power (CSP) already makes economic sense, which cannot be said of PV. This article, however, points to a whole new world of CSP possibilities in a region where many of the basic requirements for successfully concentrating solar power are in place.

On Wednesday, Katie Fehrenbacher at earth2tech argued that we could save the planet with genomics. This is a very interesting endeavor, and I for one am a strong believer in the ability of genetic and biological engineering to help surmount many of the problems that currently plague biofuels.

On Wednesday, EERE News informed us that the AWEA had boosted wind power projections to 4,000 MW for 2007. The article discusses the fact that the current shortage in turbine components is leading manufacturers to add new capacity. The wind turbine manufacturing industry, led by the likes of Vestas (VWDRY.PK), GE (NYSE:GE), Siemens (NYSE:GI) and others, looks rock solid at the moment. However, look out for that extra capacity to eventually ease out the supply side of that attractive wind equation.

In a recent survey of executives, McKinsey found that, of all sociopolitical issues, the environment and climate change were believed to be the ones that would impact shareholder value the most over the next five to ten years (PDF document). Nothing groundbreaking here I suppose, but I take such results as a powerful sign that the current momentum in cleantech has legs. Make no mistake, this sector remains, as acknowledged by some of the main players, heavily depend on policy and regulatory incentives for its viability. Having business on side is therefore critical.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 05:16 PM | Permalink | Comments (0)

On Monday, Richard Stuebi at Cleantech Blog highlighted the extent to which NBC is in the dark about energy efficiency. I couldn't agree more with Stuebi here - this idea is so painfully bad that it's a bit of a mystery why anyone in their right minds would agree to it. In the space of a few minutes, GE likely managed to undermine over two years of flashy press events and other publicity stunts aimed at convincing investors and the populace that "green is green." If Alt Energy Stocks awarded a prize for misplay of the week, this would certainly be it.

On Monday, James Kanter at The Business of Green wondered why oil majors were so keen on renewable energy. I'm not sure I agree with the thesis put forth in this article. It seems to me that, ceteris paribus (especially with regards to forex), scarcer oil means higher prices (at least in the short term), and that, given the inelasticity of demand for oil, this should drive up top line growth and share prices (and, by extension, option values). Regardless of the answer, the question is worth posing: do oil majors invest in alternative energy because they see a business case or are they doing it for reputational reasons. The jury is out.

On Wednesday, Tyler Hamilton at Clean Break argued that geothermal was flourishing under the shadow of solar. A few months ago, I had a chat with an investment banker who worked on a number of alternative energy deals, and he too was of the opinion that geothermal was a fundamentally great alternative energy play. Here's a list of geothermal stocks I recently came across.

On Wednesday, Scott Miller at BIOConversion Blog told us about the groundbreaking of the country's first commercial-scale cellulosic ethanol facility. This indeed should eventually usher in a new biofuel era for North America. Don't hold your breath, however, because cellulosic will continue to account for a small percentage of total ethanol production over the next couple of years. Nevertheless, this is where you want to be looking long-term, especially given cellulosic's new appeal with policy-makers. Al Gore, among others, also seems to like cellulosic ethanol.

On Friday, Xavier Navarro at Autoblog Green green discussed China's recent mission to the European Parliament to study CO2 regulations. China is already the single largest market for CDM carbon credits (PDF document), and there is no doubt it soon will be a major cleantech and alternative energy market. This should be good news for close China watchers.

On Friday, our very own Tom Konrad appeared on Consuelo Mack's WealthTrack. For the unfortunate few who missed it, you will soon be able catch the discussion here.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 04:39 PM | Permalink | Comments (3)

On Monday, Hybrid Cars told us that Honda was ready to embrace the hydrogen economy. I don't believe that there currently is anywhere near enough hydrogen refueling stations in North America to make this a viable project. Nevertheless, I am impressed that Honda is ready to move on this years before anyone predicted it would happen. I still believe that hybrids and plug-in hybrids offer the most attractive opportunities in the near and medium terms, and I doubt that this will usher in a renaissance for fuel cell stocks.

On Monday, Jim Fraser at The Energy Blog discussed a new start-up that will seek build the infrastructure necessary for the electric car market to grow. This does indeed seem very ambitious but the shear amount of money thrown at this project commands a high degree of respect. To be continued.

On Tuesday, Clean Technology Investor informed us that Duke Energy (NYSE:DUK) was shopping around for solar generation assets. As I've discussed before, a wave of consolidation is currently underway in the North American alternative energy sector. Independent entities with existing renewable generation capacity or even the rights to develop projects in certain areas will command increasingly higher premiums, thus presenting interesting opportunities for investors. The main problem for public market investors is that many of these assets and/or project pipelines in the US are held by private concerns. Nevertheless, this is a trend worth keeping an eye on.

On Wednesday, GreenBiz.com informed us that Citi had just released a new report on the impact of CAFE standards on automakers. This in an interesting take on this debate, and certainly seems to run counter to what is typically argued by automakers with regards to tighter fuel efficiency standards. One thing is certain: auto investors can no longer afford to ignore the environment. It has become too salient a consideration for policy-makers and cars are an easy target. You can access the report directly here (PDF document).

On Wednesday, Justin Moresco at Red Herring profiled the latest smart grid financing deal for us. I continue to believe that the energy efficiency and smart grid spaces are going to offer very attractive opportunities in the years ahead.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 10:39 PM | Permalink | Comments (2)

On Monday, Maria Surma Manka at Green Options told us how Kansas killed coal plants. This is an interesting precedent, and it certainly buttresses the argument that coal will increasingly mean uncertainty and risk in the US power gen industry.

On a related note, on Tuesday, David Ehrlich at Cleantech.com reported on NY's greenhouse gas cap-and-trade plans. This is the first of the RGGI states to flesh out its plan in some detail.

On Tuesday, Jim Fraser at The Energy Blog discussed the timeline for solar power parity with fossil fuels. Does this mean that there is more to the rich valuations we have seen in solar stocks over the past year than mere irrational exuberance? I certainly believe so.

On Tuesday, Katie Fehrenbacher at Earth2Tech provided an update on GE's cleantech activities. Large companies' cleantech initiatives are of interest to cleantech investors for three main reasons: (a) for the risk-averse, purchasing a blue-chip stock with some exposure to cleantech is a safer way to play this space than buying smaller-cap pure-plays; (b) companies like GE bring scale to the game (e.g. wind) and force prices down, which results in a better and more efficient industry overall; (c) large companies will be at the fore of strategic M&A activity in the sector, and watching their maneuvering closely can help identify potential acquisition plays.

On Thursday, Jeff Vail at Energy Intelligence discussed 2015 NYMEX oil futures. He makes an interesting argument but limits it to fossil-fuel alternatives to conventional oil. In areas such as renewable energy and clean cars, there are projects to be shown. And while this is in large part due to various forms of state support, the fact that the market is getting comfortable with relatively high long-run oil prices certainly plays a part.

On Thursday, Environmental Finance informed us that Q3 saw record US clean-tech VC investment. The cleantech VC space has seen several quarters of healthy growth now. Where is that sector headed next? Rob Day at Cleantech Investing wonders the same. As I've said before, public market investors should try to keep a close eye on what's hot on the VC side.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 10:26 AM | Permalink | Comments (0)

On Sunday, Rob Day at Cleantech Investing (now part of Greentech Media) reflected on CEO turnover in the cleantech industry for us. This is an interesting piece and a good reminder for public market investors that the management team is a key success factor for any company. The ability to execute effectively on a business plan is more than half of the equation - a good idea or technology alone won't get you very far.

On Monday, Mike Millikin at the Green Car Congress us told us about a new web-based resource for carbon capture and storage (CCS). CCS is sure to get an increasing degree of attention over the next few years, and this website could provide a great source of information for anyone interested in how regulation is shaping up around this issue. One caveat: the site is still under construction.

On Tuesday, Carl T. Delfeld at Seeking Alpha wondered whether China's environmental mess represented an investment opportunity. I'm not sure that this piece is entirely factually accurate, but the broader thesis is certainly valid. I would go one step further than the author: if you really want to play China's environmental mess - and there is a play here - look for individual firms with strong exposure to China. Two examples that come to mind are: Fuel Tech (NASDAQ:FTEK) and American Superconductor (NASDAQ:AMSC).

On Tuesday, Rafael Coven at The Cleantech Group discussed the ups (mostly) and downs of cleantech in Q3 2007. An interesting look at the cleantech space and why it can be expected to perform well even in times of market uncertainty.

On Tuesday, Mark Gongloff at the WSJ's Energy Roundup informed us that the White House was very concerned about high energy prices. Can the alternative energy industry expect another big boost from US legislators soon? Going back to the article discussed immediately above, unwavering government support is, in my view, one the most fundamental pieces of the equation with regards to why cleantech stocks will do well over the coming years. Government is a dirty word in many business and financial circles, but the cleantech investor who ignores this critical factor is missing a huge chunk of the picture.

On Wednesday, Peter Fairley at Technology Review told us how to fix the power grid. Some of the investments that have worked out the best for me so far have been in seemingly "unsexy" areas that nonetheless showed strong potential. Large-scale electricity storage is undoubtedly one of these areas and definitely worth keeping an eye on.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 04:12 PM | Permalink | Comments (0)

On Sunday, Sebastian Blanco at AutoBlog Green informed us that European biodiesel producers were intent on stopping the "US biofuel invasion". I have long argued that the drive to ramp up biofuel production in the US was more about placating the farming lobby than it was about global warming or weaning America off foreign oil. It follows, then, that just like agriculture, generous biofuel subsidies are going to lead to frictions in the international trading system. The same is true, by the way, for Europe. To be continued...

On Monday, Eli Hoffman at Seeking Alpha reported that the end of the ethanol boom could be in sight. Call this a bad week for US biofuels investors. Those with a subscription to the WSJ can read more about this here.

On Tuesday, David Ehrlich at Inside Greentech (now part of the Cleantech Group) informed us that Comverge (NASDAQ:COMV) had acquired Public Energy Solutions. Consolidation is looming upon the cleantech industry, and I am happy to see that at least some of it is being driven by pure-plays. Energy Efficiency holds a lot of potential and Comverge is definitely a firm to keep an eye on. EnerNOC (NASDAQ:ENOC), Comverge's competitor, also got busy last week.

On Wednesday, EERE News reported on plans by eight utilities to boost their investments in energy efficiency over the coming years. See story immediately above for my thoughts on this space.

On Thursday, Tom Lydon at Seeking Alpha argued that green ETFs were growing strong. Although I currently have no exposure to them, I am a big fan of ETFs as a cheap and convenient way for investors to play certainly themes like cleantech or global warming. The proliferation of cleantech ETFs over the past 12 months provides investors with ample choice as well as the ability to focus on sub-themes (e.g. North American alternative energy).

On Friday, Jim Fraser at The Energy Blog told us that TECO was canceling a planned IGCC power plant because of uncertainty around carbon capture regulation. This piece of news is certainly reminiscent of the recent decision by TXU's new owners to cancel the construction of several coal-fired plants in Texas. While this seems to support mine and others' belief that there are material risks on the regulatory horizon for power gen firms with large exposure to coal, I view the current lack of clear policy direction as negative for everyone. It appears to me as though most companies and investors are now ready to move on this, but are finding themselves waiting for the Federal government to make up its mind. Sounds familiar?

Posted by Charles Morand at 04:15 PM | Permalink | Comments (0)

On Sunday, Lascelles Linton at AutoBlog Green informed us that VW intended to offer a hybrid option for ALL of its models. I'm a big fan of electric hybrid and plug-in hybrid technologies, but this looks to me like a risky bet. VW is already a leader in fuel efficiency, which taken alone represents a competitive advantage in an era of rising fuel prices and tightening environmental standards. HEV is a whole different ball game, and it remains unclear at this stage whether this will end up being the winner technology. If I were a shareholder, I probably would not applaud this move.

On Thursday, Biopact told us about the world’s first Certified Emission Reductions (CERs) spot market auction that took place on the Brazilian Mercantile & Futures Exchange (BM&F). Detractors like to point to flaws in the first phase of the EU ETS to argue that the entire idea of emissions trading is doomed to fail. Yet transactions such as this one, involving a European financial institution acting on behalf of industrial clients based in Western Europe, and an emerging market futures exchange, point to the potential behind an integrated global carbon market.

On Thursday, Peter Fairley at Technology Review discussed how to store solar power efficiently. An old theme coming back again - large-scale storage to smooth out the inherent variability of most forms of renewable energy. Could solar thermal offer part of the answer? As the article points out, storing heat is, for the time being, easier than storing electrical power.

On Friday, Clean Edge reported on FPL's (NYSE:FPL) latest set of alt energy initiatives. The interesting piece here is the $1.5 billion investment in solar thermal. Something tells me there is a bit of a solar thermal renaissance occurring at the moment - something to keep an eye on perhaps..?

On Friday, Todd Sullivan at Seeking Alpha argued that ADM's collaboration with ConocoPhillips was good news for shareholders. This is indeed an interesting partnership, but is not an entirely unique initiative. Many oil majors have been quietly (or not) trying to get involved with next-generation fuels. The movement toward diversification away from conventional oil is only going to intensify in the coming years, and there will be significant money to be made for players who are ahead of the pack.

On Thursday, Environmental Finance informed us that HSBC was stepping into the climate change index arena. Call it climate change or call it cleantech, many of these indices track exactly the same thing; exposure to environmental technologies on the revenue side. Until recently, small pure-play cleantech outfits that were largely responsible for creating such indices. The entry of big finance into this game is a promising sign that cleantech is an increasingly entrenched investment theme rather than just the latest fad.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 11:11 AM | Permalink | Comments (0)

On Tuesday, Andrea Quong at Red Herring told us that investors reaped returns on clean energy. A quick look at returns in the European cleantech VC and PE spaces.

On Wednesday, Emily Gertz at World Changing gave us the run-down on the legal climate on climate change. This action by NY's Attorney General formalizes what many have been saying for a while - certain power gen companies, and the investors that own them, could be exposed to serious regulatory risks related to global warming in the years ahead. Strangely, those companies and their investors often seem to favor the ostrich approach.

On Wednesday, Steve Gelsi kept up with T-Boone Pickens for us. Interesting that Pickens decided to go boutique with this IPO. This is a very interesting business model and probably a growth stock worth keeping an eye on. More broadly, it's always interesting to hear an energy legend talk about where energy is going.

On Wednesday, Todd Woody at the Green Wombat wondered whether the sun could power the US. This is article raises some interesting questions about the capacity for alternative energy combined with large-scale storage to provide reliable base-load power. As our regular readers know, Tom is a big fan of solar thermal and we both very much like storage.

On Thursday, North American Wind Power informed us that a new consortium was bring formed in California to facilitate the integration of renewable energy into the grid. This is an important piece of news. Transmission is one of the most critical hurdles to alternative energy growth, and proactive measures specifically targeted at renewable energy hotspots could be provide a major lifeline for future expansion.

On Friday, Martin LaMonica informed us that a "clean coal" start-up had just raised $100m. This outfit has some significant backers, both in the industry side (Dow, AES, Suncor) and on the VC side (Kleiner Perkins). Its target area of operation, Alberta's tar sands, is fast becoming the number one North American greenhouse gas emitting region. Investors should keep an eye on Alberta not only because of its oil sands, but also because it is a prime market for rolling out greenhouse gas control technologies.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 07:59 PM | Permalink | Comments (0)

On Tuesday, Mark Gongloff at the WSJ's Energy Roundup informed us that Alcoa couldn't wait to go geothermal. This is indeed an interesting development. Aluminum smelters are some of the most electricity-intensive industrial processes around, and, in a context of rising energy prices, there are very real incentives to explore alternatives for firms in this industry.

On Wednesday, Kevin Bullis at Technology Review looked into making cheaper solar cells for us. Could Heliovolt be the next First Solar (NASDAQ:FSLR)?

On Wednesday, Tyler Hamilton at Clean Break warned us of the inherent limitations of so-called "clean coal". The failure of this project, which would have been one of the first such initiatives to be fully rolled-out in North America, does indeed speak volume. As an investor, carbon capture and sequestration is not something that I would put my money behind, at least in the foreseeable future.

On Thursday, Environmental Finance gave us the final cut of the TXU buy-out story. This deal set a very interesting precedent in the US: big finance saw enough of a potential regulatory risk to force management to back down on a large capital expenditure plan. What does that tell you about older coal-fired plants across America? Some players in the power generation industry stand to take a big hit under Federally-imposed carbon caps, so you may want to take a peek at your favorite utility's generation portfolio.

On Friday, Jim Fraser at The Energy Blog discussed Novozymes' latest foray into biofuels. Last February, we told you that Novozymes was building exposure to cellulosic ethanol through its work on enzymes to break down cellulose. This is further evidence that the company is indeed serious about its biofuels activities, and good news for those who hope to see the cost of producing cellulosic ethanol come down.

On Friday, Jim Hansen at The Master Resource Report worried about a lithium shortage. Should we try to replace the entire vehicle fleet with PHEVs and EVs based solely on Lithium batteries?

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 09:32 PM | Permalink | Comments (0)

On Wednesday, Energy Tech Stocks gave us the heads up on a recent warning by Raymond James & Associate about declining oil production. Interesting to see a thesis that was derided as pure fantasy as recently as two years ago slowly creeping up into the mainstream.

On Thursday, Sam Abuelsamid at Autoblog Green opined that CO2 regulations in Europe could place the balance of power on the auto parts suppliers' side in the fight for profit margins. We have noted in the past how some of the most interesting (and 'safest') clean car investment opportunities rested with parts manufacturers. Besides CO2 regulations in Europe, tightening fuel efficiency standards the world over should help parts manufacturers do well relative to car makers.

On Thursday, Andrea Quong at Red Herring informed us that VCs were striking out for greener pastures. It is always interesting to know where cleantech venture capitalists are turning their attention to.

On Thursday, Biopact reported on China's latest alternative energy plans. Of course the caveat with this grand scheme is that half of the proposed US$265 billion will go toward large hydro, which tends to receive mixed reviews from just about everyone. Nevertheless, US$133 billion in investments in biofuels, bioenergy, wind and other forms of alternative energy, not to mention pollution control, will create very interesting opportunities for a variety of different companies.

On Friday, Rob Day, formerly of Cleantech Investing and now with Greentech Media, outlined for us the main barriers to adoption of energy efficiency applications in commercial buildings. An interesting piece that partly explains why, despite seemingly compelling economics, energy efficiency technologies such as smart metering aren't taking off as fast as could be expected.

On Friday, Jim Fraser at The Energy Blog reported on a small Icelandic bank's big bet on geothermal. Geothermal tends to fade in and out of the alternative energy newswire, yet it may be one of the most compelling alternative energy investment stories out there. I haven't read the report but I trust that it is packed with very useful information for the would-be geothermal investor.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 11:01 AM | Permalink | Comments (0)

Last Week,

Jacques Diouf at Biofuel Review reminded us that biofuels are a great opportunity for the worlds poor.

James Fraser at The Energy Blog told us about Penn State's new method of converting black liquor into DME for biofuel, and Green Car Congress, told us about the partnership which is exploring commercialization.

On Monday,

Tyler Hamilton at Clean Break told us about Vinod Khosla's big bet on Concentrating Solar Power.  Excellent article, especially since Khosla slams half-measures that don't make a big difference in the global warming problem.  He also said, "I think that (enhanced transmission) is absolutely key to all renewables."  If I had Khosla's cash, I'd be putting big private equity money in CSP, too. 

Randy Udall, writing for ASPO-USA, analyzed the schizophrenic nature of the National Petroleum Council report.  

On Tuesday, 

Carlin Lee at The Daily Speculator told us to taste a sweet ERoEI with Cosan (NYSE: CZZ.)  

Larry Greenemeier at Scientific American told us about the Digitized Energy Storage Device, a type of ultracapacitor which may provide hybrid vehicles with power and improved efficiency.

On Wednesday,

Preston at Jetson Green picked out his Top Three Free Reports on Green Building Costs

On Friday,

Eric Stavitz of Barrons told us about rumors that LED maker Cree, Inc (CREE) might be bought out by GE (GE) or Phillips (PHG).  I wrote about the LED industry earlier this week.

Equity Green cracked us up with this video about that unnoticed miracle of life, coal.

On Saturday, our own Charles Morand got married. In possibly unrelated news, the US markets will be closed for three days.

DISCLOSURE: Tom Konrad and/or his clients have positions in CREE, GE, and PHG.

DISCLAIMER: The information and trades provided here are for informational purposes only and are not a solicitation to buy or sell any of these securities. Investing involves substantial risk and you should evaluate your own risk levels before you make any investment. Past results are not an indication of future performance. Please take the time to read the full disclaimer here.

Posted by Tom Konrad at 01:29 PM | Permalink | Comments (0)

On Monday, Ian Talley at the WSJ's Energy Roundup informed us that there were no alternatives at NYMEX. While the reasons behind this delay may be unclear, the US Futures Exchange is moving ahead with what I believe are the first US wind power futures to be traded on a US exchange.

On Wednesday, Dan Lewis at AEI informed us that Vestas was closing a second manufacturing plant in Australia. Not supporting the emergence of a strong renewables industry is, to say the least, an interesting policy choice on the part of the Federal and the various State governments in Australia. Wind investors now know what market not to bother with!

On Thursday, David Ehrlich at Inside Greentech told us that offshore wind was getting pricey. We've discussed in the past how supply-chain gluts in the wind sector could create interesting investment opportunities in the turbine vendor space. However, a number of news items have recently hit the wire around this issue, and there are now some concerns around whether those gluts could hamper overall sector growth.

On Thursday, Jim Fraser at The Energy Blog informed us that GM was planning on going full-steam ahead with the Volt. Of course, the Volt is not forecasted to hit the road until 2010, which gives competitors Toyota and Honda plenty of time to continue innovating in the clean car space. Much could happen with GM in the coming 2 1/2 years...

On Thursday, Environmental Finance told us about the newly-formed Western Climate Initiative (WCI). Another step in the direction of non-voluntary North American carbon markets.

On Friday, our very own Tom Konrad unearthed a special section on the Economist's website that lets you browse many of the articles they have published on the topic of alternative energy.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 11:16 PM | Permalink | Comments (1)

On Sunday, Dan Lewis at AEI wondered what we could re-weight the dollar exposure of alternative energy into. An interesting take on global monetary policy and alternative energy investing.

On Monday, Kevin Bullis at Technology Review informed us that novel batteries were getting a boost. This is a big vote of confidence for A123. The growing interest from consumers and policy-makers in hybrids and HEVs will make batteries an essential area to keep an eye on for the cleantech investor.

On Thursday, Todd Woody at Green Wombat informed us that big banks were backing big solar. The growing involvement of major financial institutions in large-scale alternative energy projects, most notably wind and solar, is indeed a good indication that the industry is reaching a certain degree of maturity in North America. As the scale of these projects increases and their cost of capital decreases, alternative energy will become increasingly competitive with conventional power generation sources.

On Thursday, Jim Fraser at The Energy Blog told us about a new report on the thin-film solar market. Thin-film is indeed an exciting development and has been very much on the radar of investors lately, as evidenced by the stellar rise of First Solar (NASDAQ:FSLR) over the past few months. Although valuations in the solar space may have appeared a bit high over the past while, the current correction will provide good opportunities to gain exposure to fast-growing thin-film.

On Thursday, Jack Uldrich at The Motley Fool made us aware of the biggest economic opportunity of the century. An interesting exposé of where investment opportunities could materialize in four main areas: climate change regulation, renewable energy generation, biofuels and removing greenhouse gases from the atmosphere.

On Thursday, Neal Dikeman at The Cleantech Blog wondered where the shakeout was. As always, Neal does a good job of shedding a different light on a hot industry - in this case solar.

Posted by Charles Morand at 01:19 AM | Permalink | Comments (0)

On Tuesday, Carl T. Delfeld at Seeking Alpha told us about the new kid on the cleantech ETF block, the PowerShares Global Clean Energy ETF (AMEX:PBD). For more details, check out Powershares section on PBD. This fund tracks the WilderHill New Energy Global Innovation Index - an index put together by New Energy Finance (NEF) of London. NEF is, in my opinion, one of the most interesting organizations in the clantech finance space at the moment.

On Tuesday, Jack Uldrich at The Motley Fool reminded us that a bill is just a bill. At AltEnergyStocks.com, we view cleantech in a similar light; although there may be some bumps along the way, it is highly unlikely that anything will permanently stall the juggernaut at this stage.

On Wednesday, Mark Gongloff at the WSJ's Energy Roundup gave us the views of various pundits on where cleantech stocks stand in the context of the current market correction. Is the glass half full or half empty? If you have been cautious and have been amassing cash for the past little while, than none of this is so bad.

On Wednesday, WattHead added a touch of humor to to the Cape Wind debate. Cape Wind aside, offshore wind is an interesting emerging area. Over the past month, some sizable money has gone toward offshore wind in Europe.

On Wednesday, David Roberts at Gritsmill outlined, for us, what makes a good cap-and-trade system. As we've discussed in the past, for emissions trading to achieve most of its goals, politicians must resist certain temptations that politicians are generally unable to resist.

On Thursday, Biopact informed us that cellulosic biofuels may already be cost-competitive. Many observers agree that the future of biofuels lays with cellulosic, and the biggest hurdle to date has been cost.

Posted by Charles Morand at 10:08 AM | Permalink | Comments (0)

On Monday, Cassandra Vinograd at the WSJ's Energy Roundup told us about Merrill Lynch's new Energy Efficiency Index. You can read more about the index here. As our regular readers know, we are big believers in energy efficiency as an investment thesis, and think significant opportunities will materialize in this space in the coming years.

On Tuesday, Todd Woody at Business 2.0 wondered whether a small Norwegian company was about to reverse 100 years of automotive history. Could we be looking at the next wonder-boy of the clean automotive movement?

On Wednesday, Dan Lewis at AEI shared a few post-mortem thoughts on Biofuels Corp with us. As the cleantech industry matures and a group of winners emerges from the pack, expect to see the body count go up.

On Thursday, Biopact told us about an interesting jatropha biodiesel deal in Mozambique. Jatropha is currently generating a lot of buzz as a potential source of feedstock for large-scale biodiesel production. Many emerging markets, for their part, are looking hard at biofuels as a potentially-lucrative trade to get involved in. Time to start paying attention to jatropha players in the South?

On Thursday, Environmental Finance reported on E. ON's (NYSE:EON) latest alternative energy move. Besides the fact that $4.1 billion over 2.5 years is a significant amount of money, the interesting thing here is that this project is one of the first major off-shore wind farms in the world. Off-shore wind offers many promises, and is an area worth keeping an eye on.

On Saturday, Sebastian Blanco at AutoBlog Green told us about Paris Hilton's latest attempt at appearing environmentally-conscious. This admittedly doesn't have much to do with cleantech investing, but I got a good laugh out of it.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 11:12 AM | Permalink | Comments (0)

On Tuesday, Himanshu Pandya at Financial Nirvana informed us that alternative energy companies were taking advantage of the recent run with stock offerings. As pointed out by Himanshu, shareholders don't currently seem to care too much about value dilution, so companies may as well take advantage of this to raise cheap capital.

On Thursday, Angela Barnes at Report on Business argued that cool ethanol stocks could be expected to heat up. While we are no fans of corn-ethanol, the slew of generous support schemes put in place by North American governments to support ethanol growth should eventually positively affect fundamentals.

On Thursday, Jim Fraser at The Energy Blog told us that Japan had certified a new Toyota plug-in car for use on public roads. Toyota continues to raise the bar while the Big Three continue to hemorrhage North America market share - what's new?

On Thursday, Environmental Finance informed us that Banc of America was buying into carbon trading. Upwards and onwards for emissions trading in North America and for Climate Exchange PLC (CXCHF.PK).

On Thursday, The Economist showed us where the wind blew. Remember that we've often told you to keep an eye on grid-related plays.

On Friday, Peter Fairley at Technology Review argued that thin film's time in the sun may be upon us. By looking at First Solar's (NASDAQ:FSLR) share price has done over the past year, it certainly seems as though shareholders agree.

Posted by Charles Morand at 02:59 PM | Permalink | Comments (0)

On Monday, the Boston Globe told us about a new report that sheds some doubt on contentions that cleantech is the new darling of venture capitalists. Thanks to the WSJ's Energy Roundup for this one. Red Herring also published an article on this report last week.

On Monday, Eli Hoffman at Seeking Alpha told us about Barron's latest five cleantech stock picks. Of those, I am particularly familiar with SunPower (NASDAQ:SPWR) and Fuel Tech (NASDAQ:FTEK). Both are a bit rich at the moment but I like Fuel Tech's exposure to China, especially at a time when the country trying hard to clean up its act.

On Monday, Stockerblog at Seeking Alpha provided us with an extensive list of fuel cell stocks. I remain skeptical as to whether fuel cells will ever be a technology of significance in the transportation or large-scale energy storage industries. Nevertheless, some interesting opportunities exist in certain niche applications such as forklifts.

On Thursday, Neal Dikeman reported on an interview he recently conducted with with Stuart Hemphill, the Director of Renewable and Alternative Power for Southern California Edison (NYSE:EIX). This is a very interesting piece. Hemphill and us are in agreement about where some of the biggest growth area - and, incidentally, challenges - in alt energy lay: transmission and efficiency. The article also indirectly identifies another major opportunity area: independent power producers focused on renewables.

On Thursday, the WSJ's Energy Roundup informed us that T. Boone Pickens was traveling to China to explore opportunities related to natural gas as a transportation fuel. Natural gas does seem to hold great promises as a bridge solution between gasoline and whatever will be powering our cars in a few decades. Energy Tech Stocks, however, warns us to keep a cool head when appraising the desirability of switching from oil to natural gas - the outcome of such a shift could be politically undesirable.

On Friday, Dallas Kachan at Inside Greentech gave us an overview of a new report claiming that the market for fuel cells should grow substantially in the next nine years. The list of fuel cell stocks discussed above may come in handy after all.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 02:16 PM | Permalink | Comments (0)

Last week, Paul Davidson at USA Today told us about how Sodium-sulfur (NaS) batteries can increase the reliability and efficiency of the grid.

On Monday, Keith Johnson of The Wall Street Journal told us that Wind Turbine Makers can't keep up with demand. [Subscription only.]  Investment tip: this should be good for 2nd and 3rd-teir turbine makers who otherwise would not be able to sell their products.  I've noticed this in a flurry of turbine sales by Composite Technology Corp.  (CPTC.ob), a company I own not for their turbine business, but instead because I see great potential for their transmission business. 

On Tuesday, Fred Fuld of Stockerblog listed nine geothermal stocks to consider.

On Wednesday, 

• the WSJ Energy Roundup told us about Joe Liberman and John Warner's upcoming CO₂ cap-and-trade bill.  Here in Colorado, we're working on a citizen's Carbon Tax initiative.
• Tyler at Clean Break asked: Is Nuclear as reliable as claimed?

On Thursday, 

• James Fraser of The Energy Blog told us about high energy density capacitors developed at the University of North Carolina.
• Sam Bond at the edie news center told us how Britain 'could be carbon neutral in 20 years'

On Sunday, Kevin Cameron of the New York Times told us how Electric cars are nearly ready, but batteries are less so.

  The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

DISCLOSURE: Tom Konrad (sitting in for Editor-in-Cheif Charles Morand on The Week In Cleantech) and/or his clients have positions in these companies mentioned here: CPTC.)

DISCLAIMER: The information and trades provided here are for informational purposes only and are not a solicitation to buy or sell any of these securities. Investing involves substantial risk and you should evaluate your own risk levels before you make any investment. Past results are not an indication of future performance. Please take the time to read the full disclaimer here.

Posted by Tom Konrad at 12:57 PM | Permalink | Comments (0) | TrackBacks (0)

On Tuesday, Dallas Kachan at Inside Greentech gave us the scoop on a recent GE move (NYSE:GE) to gain greater access to the European wind market. Interesting how GE is leveraging its capacity in the finance realm to complement its Ecomagination efforts.

On Tuesday, Chris Coad at Seeking Alpha wondered whether high gas prices where increasing demand for hybrids. The reverse begs asking: would a collapse in gas prices lead to a material drop in demand for hybrid cars?

On Wednesday, Dan Lewis at AEI directed us to an interesting article on vanadium redox-flow batteries (VRBs) (PDF document). While this piece focuses primarily on the potential of VRB technology and on VRB Power Systems (TSE:VRB.V or VRBPF.PK), a leader in this field, the main take-away is the growing need to develop medium- and large-scale power storage solutions. This is so because wind and solar are variable power sources and this variability can threaten the stability of power grids. Competitor technologies to VRBs include flywheels, which we have discussed in the past. Given the projected growth for wind and solar over the next decade, this is an ancillary market that investors should keep an eye on.

On Thursday, Tyler Hamilton at Clean Break told us about the new kid on the cleantech media block - Greentech Media. The more competition, the better!

On Thursday, Rob Hsiung at Clean Times told us about South Korea's plans for solar growth. That feed-in tariff is indeed absurd - might be interesting to find out which solar companies have exposure to South Korea.

On Friday, Dana Childs at Inside Greentech told us how Canadians had just invested another $149M in cleantech. As stated in the article: "these funding announcements are keenly watched by North American venture capitalists as a source of high-quality investment opportunities." This is also interesting for public market investors wishing identify some potentially interesting future opportunities.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 01:26 PM | Permalink | Comments (0)

On Monday, Todd Sullivan at Seeking Alpha informed us that ADM (NYSE:ADM) was planning on entering the Brazilian sugar cane ethanol market. It's no mystery that Brazil is an ethanol powerhouse and will be looking, in the years ahead, to export much of its output to the lucrative US and European markets. There is a lot of talk about China becoming an emerging market cleantech powerhouse, but don't forget about Brazil!

On Monday, Mark Gongloff at the WSJ's Energy Roundup reported that Shell (NYSE:RDS-B) CEO Jeroen van der Veer was a big believer in energy efficiency, but not much else. Efficiency will play a large part, but I am a lot more sanguine than Mr. van der Veeron on the capacity of humans to innovate their way out of problems.

On Wednesday, Xavier Navarro at AutoblogGreen informed us that Petrobras wanted Brazil to become the Saudi Arabia of ethanol. See above...

On Thursday, the Biopact Team informed us that Suez (NYSE:SZE) was going to build a sugarcane biomass plant in Brazil...and try to monetize the carbon credits thus generated. Brazil again. Another interesting thing about this project is the carbon credit angle. The potential of the credit income stream to add to normal ROI for these sorts of projects is becoming a lot more tangible to investors.

On Friday, Climateer Investing told us that the US Futures Exchange would offer renewable energy futures, beginning with wind power. The interesting thing with alternative energy is that it is emerging at a time of tremendous innovation in financial markets. This confluence creates a lot of opportunities for people passionate about both.

Posted by Charles Morand at 11:13 AM | Permalink

On Monday, Richard Blackwell at the Globe & Mail told us how the center of the Earth may power our portfolios. Geothermal is a sector we believe is poised for solid growth over the next few years, and the Toronto Stock Exchange is a good place to look for geothermal plays.

On Tuesday, John Addison at the Cleantech Blog gave us a few highlights from the Fuel Cell 2007 Conference. With all the talk around batteries, plug-in hybrids and biofuels, fuel cells have somewhat fallen out of favor recently. This article is a good way to catch up with what's currently happening in this industry (and there are interesting things happening).

On Thursday, Mark Gongloff at the WSJ's Energy Roundup wondered whether we were overestimating coal supply. Lucky for you, we know how you can benefit from peak coal.

On Friday, Mike Millikin at the Green Car Congress informed us that Alstom had signed two development contracts for its CO2 capture technology. We have mentioned in the past how we believe that CO2 control technologies will present attractive investment opportunities once their technological viability has been established.

On Friday, Chuck Marvin at TheStreet.com discussed a new MIT study shedding yet more doubt on the viability of corn ethanol. Ironically, a lot of this bad press may create good value opportunities for some of the stronger corn ethanol players.

On Friday, Todd Wenning at The Motley Fool argued that the 21st century would be a very prolific century in terms of technological innovation, and, more importantly, he told us how investors could capitalize on this trend. Unsurprisingly, alternative energy is one of the key areas he identifies in his article.

Posted by Charles Morand at 12:36 AM | Permalink | Comments (0)

This week, we particularly liked...

On Monday, Andrea Quong at Red Herring told us how China was about to take aim at global warming. This is latest move by the Chinese government only reinforces the perception already held by many industry observers that China is on its way to becoming a true global powerhouse for alternative energy.

On Tuesday, Martin LaMonica at CNET Newsblog informed us that cleantech investing was surpassing telecom and medical devices. Another day, another report report pointing to exceptional and sustained growth in the cleantech sector. This is nothing to alleviate fears of a bubble.

On Thursday, Neal Dikeman at the Cleantech Blog let us know that the cleantech media juggernaut was not slowing down. Check out this post for some interesting new cleantech sites.

On Thursday, Kevin Bullis at Technology Review told us that new batteries were being readied for GM's electric vehicle. The cat is now out of the bag - we know who will be fitting the Volt with its batteries.

On Thursday, Michael Kanellos at CNET Newsblog informed us that an algae start-up had signed a contract for biodiesel. The potential of algae as a biodiesel feedstock has been in the news a fair bit over the past few months, so it will be interesting to see what happens as firms try to scale up production. The other interesting angle here is that algae has also been identified as a potentially effective sink for for CO2 emissions - this could mean big business.

On Friday, Dana Childs at Inside Greentech warned us that corn ethanol could be unprofitable by 2008. The results of the study discussed in this piece are in line with our belief that the wealth of micro and macro factors currently lining up against corn ethanol make it an unattractive long-term proposition for investors.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 12:15 PM | Permalink | Comments (0)

On Tuesday, I learned from a reader that a CO2 emissions trading platform for California, called the California Climate Exchange, had just been launched. The new California carbon bourse will look to service organizations with emission reduction obligations under the state's AB 32. Who's behind this? None other than Climate Exchange plc (CXCHF.PK), a company we've discussed on several occasions in the past.

On Wednesday, Mark Gongloff at the WSJ's Energy Roundup informed us that HSBC was going green. This is the latest in a series of similar commitments by global financial institutions. Good business sense or a waste if shareholders' money? The future will tell.

On Wednesday, Dana Childs at Inside Greentech told us that Chinese solar companies had gotten spanked after Solarfun missed its quarter. Alt energy, despite impressive revenue growth, remains a very risky asset class marred in volatility. This fact should always remain at the back of an investor's mind.

On Wednesday, Rob Day at Cleantech Investing examined, for us, the issue of whether or not there is a biofuel bubble currently underway. The article looks at this debate from a venture capital angle, but some of the key points, such as the future of cellulosic ethanol, bear relevance for public market investors.

On Thursday, Environmental Finance informed us that, last week, European carbon prices had spiked to a 13-month high. It may be too early to tell, but my sense is that the second phase of the European Emissions Trading Scheme, which will coincide with the initiation of regulation-driven carbon trading in the US, will be far more successful than was phase one.

On Friday, Biopact gave us the heads up on a recent academic journal article that found that emissions trading in the EU was one of "the most significant accomplishments in climate policy to date". Moreover, contrary to what has been claimed in the popular press, the article found that emissions trading in Europe was indeed working well.

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

Posted by Charles Morand at 11:07 AM | Permalink | Comments (0)

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...

On Tuesday, Rob Day at Cleantech Investing debunked the "cleantech bubble" myth for us. An interesting and fresh look at the issue of whether or not cleantech is getting too hot for its own good.

On Wednesday, Adena DeMonte at Red Herring discussed an interesting energy storage funding deal. Large-scale energy storage aimed at smoothing out supply-demand imbalances in electricity grids is receiving a fair bit of attention from utilities, and it is therefore area that I am keeping a very close eye on.

On Wednesday, Tyler Hamilton at Clean Break told us about the upcoming RuggedCom IPO. Energy efficiency and smart-grid solutions are two areas we continue to believe will present great investment opportunities in the near and medium term.

On Wednesday, Kevin Bullis at Technology Review informed us that it may soon be possible to make cheaper, cleaner ethanol from biotech corn. Cellulosic ethanol meets conventional corn-based ethanol.

On Wednesday, Dallas Kachan at Inside Greentech rode the marine power wave with Roger Bedard for us. Wave power has been in the news a fair of late, as the first commercial projects in the US are about to get underway. Yet one more area I would recommend keeping on eye on...

On Friday, Ilkka Luukkonen At Red Herring informed us that EnerNOC was having a stellar debut on the NASDAQ. We've written about EnerNOC in the past, and I probably don't need to remind you that energy efficiency looks fundamentally very solid to us.

Posted by Charles Morand at 01:41 PM | Permalink | Comments (1)

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...

On Tuesday, Mike Millikin at Green Car Congress detailed Citi's recently-unveiled climate change initiative for us. Yet more institutional money formally chasing climate and cleantech investments.

On Wednesday, Mark Gunther gave us the run-down of Merrill Lynch’s green metrics. The issue of how blue-chip firms are positioning themselves for a carbon-constrained world is beginning to creep into the mainstream, and you can expect more such initiatives in the years ahead.

On Wednesday, Dallas Kachan at Inside Greentech took us inside the Silicon Valley cleantech investor brain.

On Thursday, Richard Kang at Seeking Alpha told us that the hurricane futures market required investor attention. This is indeed a very interesting (a growing) area of environmental finance. The theory here is that as the weather becomes wackier because of climate change, various commercial entities will seek to hedge their weather risks by by-passing conventional insurance solutions and going straight for the risk-taking appetite of financial markets. A growing pool of capital, including hedge funds, is now willing to step in and take the opposite side of these weather "bets".

On Thursday, Biopact informed us that biofuels were becoming a headache for OPEC. Good! Let us hope that not only biofuels, but also tougher fuel efficiency standards and plug-in hybrids turn this headache into a splitting migraine. Unfortunately, something tells me that OPEC will fight tooth-and-nail to ensure that fossil fuels retain their place in our economy. It would also be naive to assume that the US really wants big holders of its debt to go broke. After all, we don't want all those safely-stored Greenbacks offloaded on global currency markets, do we?

On Friday, Martin LaMonica at CNET News informed us that clean tech VCs were putting money on solar, not IPOs. Investor surveys are always a great starting point for a winning contrarian bet - when everyone's rushing somewhere, it makes it hard to find good value, so it's a good idea to seek that value elsewhere.

Posted by Charles Morand at 04:57 PM | Permalink | Comments (0)

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...


On Monday, I received an email from the good folks at Lux Research informing me that they had just released a study looking into the 2006 cleantech VC investment numbers (PDF document). Before I had a chance to go over the press release, The New York Times had done a feature on the report. Alt energy bubble or no alt energy bubble, that is the question...

On Monday, C. Scott Miller at BIOconversion Blog told us about the balkanization of the US renewable energy portfolio. In many ways, this is paramount to the success of alt energy. Different regions have different alt energy profiles depending on the availability of certain resources. As an investor, it thus makes sense to look for that fit in appraising the viability of a project.

On Tuesday, Richard Widows at TheStreet.com showed us how alternative energy was powering certain high-performing funds. AltEnergyStocks.com often gets email queries regarding alt energy and cleantech mutual funds and ETFs - if you are one of the people wondering about those asset classes, you will find this piece interesting. The article also provides a short list of which alt energy stocks are most widely held by pooled capital.

On Wednesday, the WSJ's Energy Roundup informed us that a majority of Americans would agree to pay higher gas taxes if the money raised went to alt energy R&D. Paradoxically, however, most Americans aren't willing to change their car purchasing or driving habits...go figure.

On Wednesday, David Shukman at BBC News showed us a power station that harnesses Sun's rays. Impressive!!

On Thursday, Environmental Finance informed us that global carbon markets tripled in value in 2006. More on this a little later this week.

On Friday, Biopact told us how biofuels would have a limited effect on food prices. You gotta love a contrarian opinion!

On Friday, Rob Day at Cleantech Investing asked five questions. This is the sort of the short-and-sweet feature that can provide validation for your current model or a useful starting point for cleantech investing.

Posted by Charles Morand at 12:29 PM | Permalink | Comments (1)

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...

On Tuesday, Tyler Hamilton at Clean Break informed us that solar growth was expected to shine strong. The numbers are very impressive indeed, but it could be argued that a lot of that future growth is already priced in many of the more high-profile solar plays.

On Wednesday, Mike Millikin at the Green Car Congress told us that California would sue if the EPA was too slow on awarding it the waiver it needs to implement its climate change bill. Suffices to say that the precedent in this case is not in the EPA's favor.

On Thursday, Rob Day at Cleantech Investing (for the record, this is hands down one of my favorite blogs in the cleantech space) went over the Q1 2007 numbers for cleantech investing. Very interesting yet concise comparison of the various organizations that compile data on VC and cleantech.

On Friday, Sebastian Blanco at AutoBlog Green discussed the latest ethanol conspiracy theory in the cleantech world. While I have no doubt that Big Oil will fight tooth-and-nail to preserve its monopoly over liquid fuels, especially in the automotive market, I'm always reluctant to label academics 'corrupt' unless I see hard evidence...but I may be naive. See also this post by Mike Millikin at the Green Car Congress for further criticisms of the Stanford study.

On Friday, Simon Robinson at The Big Biofuel Blog informed us that CBOT was launching small corn contracts suitable for smaller players who want to trade electronically. This is an interesting step and may provide retail investors with a good opportunity to play this very interesting angle of the ethanol story.

On Friday, the Clean Slate Report told us all about the new economics of the smart grid. We at AltEnergyStocks.com are big believers in the future of energy efficiency and believe that there will be good investment opportunities in this space. See the recent piece on the Comverge IPO by The Motley Fool for an idea of the opportunities related to energy efficiency and smart grid.

Posted by Charles Morand at 09:47 AM | Permalink | Comments (2)

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...

Writing in the May edition of Scientific American, economist Jeffrey Sachs showed us the road to clean energy.

On Tuesday, Himanshu Pandya at Financial Nirvana told us about a shorting opportunity in First Solar. More on overpriced solar stocks below!

On Wednesday, Shruti Basavaraj and Katrina Chan at The Motley Fool informed us that the Motley Fool was going green. Not to be outdone, Annika Mengisen at TheStreet.com let us know, on Friday, that green was good. Happy Earth Day everyone!

On Thursday, Katherine Bourzac at Technology Review told us about a new biofuel: propane. She also told us about a new company: C3 BioEnergy.

On Thursday, Neal Dikeman at Cleantech Blog warned us that an old Nigerian scam was moving into solar. Unsuspecting internet users beware!

On Friday, Jennifer Openshaw at TheStreet.com urged us to save money by going solar. But the title is a bit misleading - she's actually telling us to go solar to make money!

On Friday, Dan Lewis at AEI made the bear case for China. With the valuations of certain unnamed Chinese solar companies being driven to impressive heights, this is a warning you are likely to hear more and more in the next few weeks. For those who have a subscription, the WSJ ran a piece on that exact topic today.

Posted by Charles Morand at 09:59 PM | Permalink | Comments (0) | TrackBacks (0)

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...

On Sunday, Marc Gunther told us all about the greening of Goldman Sachs. As our regular readers know, Wall Street's involvement in environmental finance is one of our preferred topic of discussion.

On Monday, Dana Childs at Inside Greentech told us that there might be some good investment action at the pump. In cleantech/alt energy, it's always a good idea to keep the whole value chain in mind!

On Tuesday, EDP 24 reported on an English study that dispels the NIMBY belief that wind farms kill property values. Thanks to Renewable Post for this one.

On Wednesday, the Green Car Congress informed us that the efficiency gains associated with hybrid vehicles might be nullified by North Americans' insatiable appetite for large and fast cars. Tougher fuel efficiency standards, anyone?

On Thursday, Notable Calls reported on a call of note by RBC Capital. The stock discussed is Zoltek [NASDAQ:ZOLT], but the article is mostly interesting for the parallel it draws between silicon for solar and carbon fiber for wind. This is a thesis worth exploring, especially if you're bullish on wind. Thanks to Seeking Alpha for this one.

On Friday, the WSJ's Energy Roundup discussed alternative energy's cover moment. Call me biased, but I think the momentum behind alternative energy is so powerful and multi-faceted that the future can be nothing but bright for the sector. That's not to say, however, that there aren't oodles of alt energy stocks there that I wouldn't touch with a 10-ft pole.

On Friday, the Clean Slate Report gave us the low-down on a cool China cleantech site. It goes without saying that every serious cleantech investor out there should keep a very close eye on China.

Posted by Charles Morand at 11:29 AM | Permalink | Comments (0) | TrackBacks (0)

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...

On Monday, David Talbot at MIT's Technology Review told us how to nanocharge solar. Nanotech's role in cleantech should continue to increase steadily in the years ahead. On that note, Inside Greentech discusses a report on cleantech and nanotech.

On Wednesday, Stephen Trimble at Defense Tech told us that the army was foreseeing a natural gas crisis. Those who follow the coal-to-liquid space know that the army has been looking into this. But that would be at best a band-aid solution.

On Wednesday, Kevin Bullis at MIT's Technology Review discussed a recent MIT study arguing that the future is precarious for coal. Making coal clean will be, in my view, one of the most dynamic areas of cleantech research in the coming decade.

On Friday, the WSJ's Energy Roundup wondered whether Qatar could become a wind power giant. While the potential would be there for off-shore wind, Qatar would have a long way to go to catch up to the leaders pack.

On Friday, Tyler Hamilton at Clean Break noted how last week was a busy one for Canadian cleantech firms.

On Friday, the WSJ's Energy Roundup sang the Ballad of the sad CAFE for us. I have one thing to say about large auto makers' constant complaining about raising fuel efficiency and pollution standards: yaaaaawwwwnnnnnn...

On Friday, Jack Uldrich at The Motley Fool informed us that FuelCell was generating a spark. I too was surprised by Clean Edge's numbers, but definitely worth keeping an eye on.

Posted by Charles Morand at 06:37 PM | Permalink | Comments (0)

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...

On Monday, Jefferies revealed that investors were bullish on solar power, ethanol and hybrid transportation. The results of this survey will surely surprise some people.

On Wednesday, Travis Johnson at One Guy's Investments told us all about indirect investing. This is indeed a great strategy for investors wanting exposure to cleantech and alt energy minus some of the risks associated with pure plays. Thanks to Seeking Alpha for this one.

On Wednesday, Dane Muldoon at Autoblog Green discussed the results of a study that found that biodiesel massively reduces dangerous emissions. The next step is to ensure that the price customers pay at the pump reflects the true costs of gasoline's dangerous emissions.

On Wednesday, Mark Clayton at the Christian Science Monitor wondered how green nuclear power was. This debate will surely heat up in the year to come.

On Thursday, Kimi Shi at Pacific Epoch informed us that yet another Chinese company was planning a US IPO. Consolidation, anyone?

On Friday, Mike Millikin at Green Car Congress informed us that the US and Brazil were moving to formally cooperate on biofuels. On a related note, those with a paid subscription should have a read at this article from the WSJ.

Posted by Charles Morand at 03:26 PM | Permalink | Comments (0)

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...

On Monday, Jim Fraser at The Energy Blog warned that high grain prices could threaten the viability of ethanol.

On Tuesday, Rob Day at Cleantech Investing looked at the numbers for us.

On Tuesday, Dana Childs at Inside Greentech told us how an insurer warned oil companies about renewable energy.

On Thursday, Neal Dikeman at The Cleantech Blog told us what the trouble was with water.

On Friday, Himanshu Pandya at Financial Nirvana gave us the heads up to keep an eye on these stocks during this downturn. Stocks discussed: Suntech Power [NYSE:STP] and Fuel Tech [NASDAQ:FTEK].

On Friday, Worth Civils at the WSJ's Energy Roundup discussed T. Boone Pickens' contention that oil production has peaked.

Posted by Charles Morand at 10:00 PM | Permalink | Comments (0)

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...

On Tuesday, Tyler Hamilton at Clean Break told us to stop obsessing about corn.

On Tuesday, Anders Bylund at The Motley Fool discussed 3 stocks that missed the mark. Stock discussed: Evergreen Solar [NASDAQ:ESLR].

On Thursday, Jennifer Openshaw at TheStreet.com informed us that it might be time to turn on alternative energy. Stocks discussed: Archer Daniels Midland [NYSE:ADM], Pacific Ethanol [NASDAQ:PEIX], VeraSun [NYSE:VSE], Ballard Power [NASDAQ:BLPD or TSE:BLD], Distributed Energy Systems [NASDAQ:DESC], Fuelcell Energy [NASDAQ:FCEL], Plug Power [NASDAQ:PLUG], Energy Conversion Devices [NADAQ:ENER], Evergreen Solar [NADAQ:ESLR], SunPower [NASDAQ:SPWR], Ormat Tech [NYSE:ORA], Environmental Power [AMEX:EPG], General Electric [NYSE:GE], Zoltek [NASDAQ:ZOLT], Powershares WilderHill Clean Energy ETF [AMEX:PBW], Guinness Atkinson Alternative Energy Fund [GAAEX].

On Thursday, Dallas Kachan at Inside Greentech wondered whether water was finally about to gush.

On Thursday, Neal Dikeman at the Cleantech Blog gave us a few big ideas from cleantech.

On Thursday, Mike Niehuser informed us on how we could capitalize on human change. Stocks discussed: Maxwell Tech [NASDAQ:MXWL] and Medis Tech [NASDAQ:MDTL].

On Friday. Jack Uldrich at The Motley Fool predicted that biodiesel would, in 2007, get a big pump. Stocks discussed: VeraSun [NYSE:VSE] and Archer Daniels Midland [NYSE:ADM].

Posted by Charles Morand at 11:19 AM | Permalink | Comments (0)

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...

On Monday, Tate Dwinnell at SelfInvestors told us how to profit from the Advanced Energy Initiative, part II. Stocks discussed: Fuel Tech [NASDAQ:FTEK], Exelon Corp [NYSE:EXC], Entergy Corp [NYSE:ETR], Cameco Corp [NYSE:CCJ], Energy Metals Corp [NYSE:EMU], Usec Inc. [NYSE:USU].

On Monday, George Gutowski at Financial Skeptic told us how GE's proxy got high-jacked by a poor-performing, ideologically-oriented fund. Stocks discussed: General Electric [NYSE:GE]. Thanks to SeekingAlpha.com for this one.

On Monday, Jack Uldrich at The Motley Fool declared his love for Suntech Power. Stocks discussed: Suntech Power [NYSE:STP], BP Solar [NYSE:BP], Kyocera [NYSE:KYO], Evergreen Solar [NASDAQ:ESLR], and SunPower [NASDAQ:SPWR].

On Monday, Peter Fairley at Technology Review informed us that large offshore wind turbines were safe for birds.

On Wednesday, Stockerblog gave us an extensive list of fuel cell stocks. Thanks to SeekingAlpha.com for this one.

On Wednesday, James Fraser gave us the run-down on a merger that could create a cellulosic ethanol heavyweight. Stocks discussed: Diversa Corp [NASDAQ:DVSA].

Posted by Charles Morand at 06:41 PM | Permalink | Comments (0)

The Week in Cleantech is a weekly roundup of our favorite cleantech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...

On Monday, Tim Hussar at Finding Cents in the Market broke into biodiesel for us. Stocks discussed are: Nova Biosource Fuels [OTC BB:NVBF.OB] and NewGen Technologies [OTC BB:NWGN.OB]. Thanks to SeekingAlpha for this one.

On Tuesday, Bret Arends at TheStreet.com told us how Cheney's fund manager wasn't too happy with the Bush Administration's energy policy.

On Tuesday, Robert Aronen at The Motley Fool discussed the corn conundrum. Corn-based ethanol investors beware!

On Thursday, Thomas Ko made a good bet against Energy Conversion Devices [NASDAQ:ENER].

On Thursday, Dallas Kachan at Inside Greentech informed us that certain cleantech industries felt slighted by the new U.S. budget.

On Thursday, Eli Hoffmann at SeekingAlpha gave us the heads up on imminent carbon emissions trading-based ETFs.

On Thursday, Seth Jayson at The Motley Fool implied that cleantech investors would rather be right than rich. Stocks discussed are: Altair Nanotech [NASDAQ:ALTI], Capstone Turbine [NASDAQ: CPST], FuelCell Energy [NASDAQ: FCEL] and Hoku Scientific [NASDAQ: HOKU]

Posted by Charles Morand at 05:43 PM | Permalink | Comments (0)

The Week in Cleantech is a weekly roundup of our favorite clean tech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...

On Monday, David Roberts at Gristmill gave us Vinod Khosla's forecast for 2007 (thanks to Tyler at Clean Break for this one).

On Monday, Jack Uldrich at The Motley Fool noted how the solar industry is getting its lobbying act together and going to Washington. Stocks discussed in the article are: BP [NYSE:BP], SunPower [NASDAQ:SPWR], Kyocera [NYSE:KYO], and General Electric [NYSE:GE].

On Monday, Peter Lynch went over what happened on the solar IPO front in 2006: The Year of the Solar IPO Boom.

On Tuesday, Tate Dwinnell at SelfInvestors.com gave us the heads up on some State of the Union trading opportunities. Stocks discussed in this article are: PowerShares Clean Energy ETF [AMEX:PBW] and several of its constituent companies.

On Tuesday, Seth Jayson at The Motley Fool warned us to keep our hands out of the turbine. The main stock discussed is Capstone Turbine [NASDAQ:CPST], but the article as a whole is good in highlighting one of the main problems facing many alt energy companies: high cash burn rates.

On Thursday, Brett Arends at TheStreet.com gave us a list of truly 'alternative' energy stocks that could shine. Stocks discussed in the article are: WFI Industries [TSE:WFI], US Geothermal [OTC BB:UGTH], Fuel Tech [NASDAQ:FTEK], Nova Biosource Fuels [OTC BB:NVBF], and Covanta [NYSE:CVA].

On Friday, Jennifer Kho at Red Herring told us how cleantech, as an asset class, is growing up.

On Friday, Autopia at Wired informed us that Tesla Motors was bringing a bit of California to Michigan.

Posted by Charles Morand at 01:59 PM | Permalink | Comments (1)

The Week in Cleantech is a weekly roundup of our favorite clean tech and alt energy blog posts and stories from across the web. If you know of a good piece that you think should be included here, don't hesitate to let us know!

This week, we particularly liked...

On Wednesday, Himanshu Pandya at Financial Nirvana made some predictions about which alt energy stocks could see some upside from the upcoming State of the Union Address.

On Wednesday, Jim Jubak at TheStreet.com told us how to turn a profit from global warming stocks.

On Wednesday, Dallas Kachan at Inside Greentech published an interview packed with good info about ethanol and biodiesel investing.

On Wednesday, Dan Lewis at AEI wondered if ethanol stocks might be rallying ahead of a broader oil rally.

On Thursday, Neal Dikeman at Cleantech Blog gave us the real story on EEStor and Zenn Motors [TSE:ZNN]

On Thursday, Brett Steenbarger at TraderFeed provided some interesting insight into the relationship between the price of the PowerShares WilderHill Clean Energy ETF [AMEX:PBW] and the price of oil.

Posted by Charles Morand at 10:52 PM | Permalink | Comments (0)