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Renewable Energy Around the Web: January 4, 2010

Welcome to our first “around the web” summary for the new year. Renewable Energy Around the Web is a weekly compilation of renewable energy news and information. Please write to us with idea or suggestions for topics at “editor at renewableenergymemo.com”. Top Ten Biofuels...

Fuel Cell Economics Improving, Offering Energy Storage Solutions

The economics of fuel cells are improving each year, according to Pike Research , which forecasts that global revenues will more than double over the next few years, from $336m in 2009 to $716m in 2013, according to reports. Pike Research’s analysis indicates that stationary fuel cells offer enormous...

eSolar Shines in China

A southern California start-up founded by Bill Gross (the founder of Idealab ) is the first company of its size to land a major solar deal in China. Bill Gross’ eSolar recently announced that it had inked a deal with China Shandong Penglai Electric Power Equipment Manufacturing Co. to build...

U.S. Endowment for Forestry Seeks Proposals for Woody Biomass Energy Demonstration Projects

The U.S. Endowment for Forestry and Communities is seeking pre-proposals for grants of up to $250,000 to develop demonstration projects for the conversion of woody biomass to energy. The Endowment will award grants of up to $250,000 (but not more than $750,000 in total) for proposals that can convert...

Administration Announces New Program to Promote Biofuels and Renewable Energy (RFS2; Carbon Sequestration; Biomass Crop Assistance Program)

President Obama today announced a series of steps as part of a comprehensive strategy to enhance American energy independence and build a foundation for a new clean energy economy. The administration believes that the strategy will create new industries and millions of jobs. ( Reuters ; Reaction from...

Senate Jobs Bill Resuscitates Alternative Fuel Credit

Senate Finance Committee Chairman Max Baucus, D-Mont., and Ranking Member Chuck Grassley, R-Iowa, last week released a draft of their Hiring Incentives to Restore Employment (HIRE) Act . The bill contains a number of provisions intended to spark new hiring, including a social security tax holiday...

Senate Expected to Vote on Biodiesel and Alternative Fuel Tax Credit Extensions this Week

On Friday, March 5, 2010, Senate Majority Leader Harry Reid (D. NV) filed a motion for cloture on H.R. 4213 , the House tax extenders bill, which includes an extension of the biodiesel tax credit and alternative fuel mixture tax credit programs through December 31, 2010. The Senate is expected to vote...

Alternative Fuel Producers Push for 30% Investment Tax Credit

Blue Fire Ethanol and a consortium of 31 other alternative fuel producers have sent a letter to Congress asking for a 30% investment tax credit for biofuels. While alternative fuel producers were encouraged by last week's passage of extenders legislation to extend the alternative fuel mixture and...

Alternative Fuels Industry Still Waiting for Tax Extenders Reconciliation

After the House and Senate passed bills including an extension of the alternative fuel mixture and biodiesel tax credit program , alternative fuel producers assumed that Congress would act quickly to put the legislation into a form that could be signed by the President. It has been more than two...

Extension of Liquid Fuel Tax Credits Still Not Resolved

Both the Senate and the House have passed bills that would extend for one year the $1-per-gallon tax credit for alternative biofuels and biodiesel but the chairman of the House Ways and Means Committee, Representative Sander Levin (D-MI), said recently that it may be Memorial Day before differences in...

War of Words over E15 Standard

With the EPA expected to rule on a waiver that would permit E15 (15% ethanol fuel) to be sold in the U.S. a war of words is heating up between ethanol advocastes, oil industry spokesmen and others. As Ethanol Producer reports: In the space of two days, the auto and oil industries urged caution on...

Arizona Extends Energy Tax Breaks for Solar

Arizona recently extended its sales tax exemption and investment tax credit for solar energy devices installed within the state. The sales tax exemption was set to expire and has now been extended to 2016. The investment tax credit has been extended through 2018. The legislation (Arizona H.B. 2700...

Taylor English Duma's Jonathan Wilson and Greg Sanderson Discuss U.S. Treasury Department's Section 1603 Grants - LexisNexis® Podcast

On this edition, Greg Sanderson and Jonathan Wilson discuss the U.S. Treasury Department's cash grant incentive created by The American Recovery and Reinvestment Act of 2009 for new renewable energy projects. They explain how applicants must demonstrate that construction of the specified energy property...

Valero Energy Signals Interest in Cellulosic Ethanol

Valero Energy Corp. (NYSE: VLO) recently announced its role in a $60 million financing for Montreal-based Enerkem, Inc. along with existing Enerkem investors Waste Management, Rho Ventures , Braemar Energy Ventures and Cycle Capital. Valero spokesman Bill Day says that the Enerkem deal is just one...

Myriant Corporation Files for IPO

Myriant Corporation has filed an S1 registration statement with the SEC, seeking to become publicly-traded. According to the filing: We are an industrial biotechnology company focused on becoming a low-cost producer of high-value biochemicals that substitute for traditional petroleum-based industrial...