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June 26, 2009
Obama Administration Awards More than $96 Million for State Energy Programs in Ohio, Oregon, Virginia and West Virginia
Funding Will Speed Adoption of Efficiency and Renewable Energy Technologies
WASHINGTON, DC – U.S. Department of Energy Secretary Steven Chu today announced more than $96 million in Recovery Act funding to support energy efficiency and renewable energy projects in Ohio, Oregon, Virginia and West Virginia. Under DOE’s State Energy Program, states have proposed statewide plans that prioritize energy savings, create or retain jobs, increase the use of renewable energy, and reduce greenhouse gas emissions. This initiative is part of the Obama Administration’s national strategy to support job growth, while making a historic down payment on clean energy and conservation.
“This funding will provide an important boost for state economies, help to put Americans back to work and move us toward energy independence," said Secretary Chu. "It reflects our commitment to support innovative state and local strategies to promote energy efficiency and renewable energy while insisting that taxpayer dollars be spent responsibly."
The following states are receiving 40 percent of their total State Energy Program (SEP) funding authorized under the American Recovery and Reinvestment Act today: Ohio, Oregon, Virginia and West Virginia.
With today's announcement, these states will now have received 50 percent of their total Recovery Act SEP funding. The initial 10% of total funding was previously available to states to support planning activities; the remaining 50% of funds will be released once states meet reporting, oversight, and accountability milestones required by the Recovery Act.
Under the Recovery Act, DOE expanded the types of activities eligible for State Energy Program funding, which include energy audits, building retrofits, education and training efforts, transportation programs to increase the use of alternative fuels and hybrid vehicles, and new financing mechanisms to promote energy efficiency and renewable energy investments.
The Recovery Act appropriated $3.1 billion to the State Energy Program to help achieve national energy independence goals and promote local economic recovery. States use these grants at the state and local level to create green jobs, address state energy priorities, and adopt emerging renewable energy and energy efficiency technologies.
Transparency and accountability are important priorities for SEP and all Recovery Act projects. Throughout the program’s implementation, DOE will provide strong oversight at the local, state, and national level, while emphasizing with states the need to quickly award funds to help create new jobs and stimulate local economies.
The following states are receiving awards today:
OHIO - $38.4 million awarded today
The Ohio State Energy Program will include several programs to increase the energy efficiency of businesses and industry, while promoting deployment of clean energy projects that will help to improve the cost-effectiveness and economic stability of businesses and industry in the state. Ohio will develop a revolving loan program to improve access to capital for energy efficiency and renewable energy projects through a public-private partnership using SEP dollars in tandem with debt or equity investment participation. This low-interest financing would be made available for a variety of renewable energy projects and would help to expand the availability of financing based on energy savings, including for smaller commercial entities.
After demonstrating successful implementation of its plan, the state will receive more than $48 million in additional funding, for a total of $96 million.
OREGON - $16.8 million awarded today
Oregon will use funding from the Recovery Act to fund energy efficiency improvements, develop renewable energy resources, and ensure environmental protections through the established State Energy Program. The state will focus on public buildings to most effectively use its existing expertise and programs, while also providing an opportunity for government to take a leadership role in demonstrating innovations in energy efficiency and renewable energy technologies.
After demonstrating successful implementation of its plan, the state will receive more than $21 million in additional funding, for a total of $42 million.
VIRGINIA - $28 million awarded today
Virginia will leverage funding from the Recovery Act funds with funding from non-federal sources to support several programs aimed at spurring investment in residential, commercial, and industrial energy efficiency, as well as renewable energy projects. Under the State Energy Program, the Residential Energy Efficiency Rebate Program will receive funding to encourage energy efficiency improvements and retrofits. Homeowners will be eligible for rebates when they replace major systems equipment, such as central air conditioning, insulation, furnaces, windows, lighting upgrades, and programmable thermostats that result in energy savings for the home.
After demonstrating successful implementation of its plan, the state will receive more than $35 million in additional funding, for a total of over $70 million.
WEST VIRGINIA - $13.1 million awarded today
West Virginia will use its SEP funding provided by the Recovery Act to implement six programs to improve energy efficiency in state buildings. These programs will fund upgrades in state administrative office buildings, hospitals, heath care facilities, laboratories, schools, colleges and universities, and armories. Upgrades will include replacing or improving lighting systems, windows, HVAC systems, boilers, and control systems. West Virginia will also create the Energy Efficiency for Businesses Revolving Loan Program to provide financial assistance to businesses to support energy efficiency investments.
SEP funding will also go toward creating a Green Collar Jobs Training program to provide West Virginians with the education, training and skills necessary for employment in the fields of energy efficiency and renewable energy.
After demonstrating successful implementation of its plan, the state will receive more than $16 million in additional funding, for a total of over $32 million.
Here is a little something this administration did just this last Thursday.
June 25, 2009
Obama Administration Announces Availability of $3.9 Billion to Invest in Smart Grid Technologies and Electric Transmission Infrastructure
Recovery Act Funding Will Create Jobs, Help Modernize Nation’s Electric Grid
Washington, DC – U.S. Energy Secretary Steven Chu announced today that the Department of Energy is soliciting applications for $3.9 billion in grants to support efforts to modernize the electric grid, allowing for greater integration of renewable energy sources while increasing the reliability, efficiency and security of the nation’s transmission and distribution system, as part of the American Recovery and Reinvestment Act.
“These investments will be used to develop a smart, strong and secure electrical grid that will help integrate renewable resources onto the grid, deliver power more reliably and effectively with less environmental impact, and create new jobs across the country,” said Secretary Chu. “By investing in updating the grid now, we will lower utility bills for American families and businesses, lessen our dependence on oil, and help advance a clean energy future for the nation.”
Secretary Chu announced the release of the final Funding Opportunity Announcements (FOA) for $3.9 billion in Recovery Act funds. Approximately $3.3 billion for the Smart Grid Investment Grant Program and $615 million for smart grid demonstration projects will help develop and implement smart grid technologies across the country.
As part of the Smart Grid Investment Grant Program, DOE will provide cost-shared grants to support manufacturing, purchasing and installation of existing smart grid technologies that can be deployed on a commercial scale. Funding under the Smart Grid Demonstration Program will be used to demonstrate how emerging technologies can be applied in innovative ways within the electric delivery system to provide integrated and economically-feasible solutions. The Investment Grant program is intended to enable smart grid functions on the electric system as soon as possible, while the Demonstration program is aimed at identifying and developing new and more cost-effective smart grid equipment, tools, techniques, and system configurations that can significantly improve upon today’s technologies.
The final FOAs reflect the more than 600 comments DOE received on the draft solicitations. The Department previously announced that while the maximum award limits for both programs were being increased, the Department will support projects of all sizes. Under the final solicitations, the maximum award for the Smart Grid Investment Grants will be $200 million; the maximum award for the Smart Grid Demonstrations will be $100 million.
The final FOAs are available at www.fedconnect.net. Search public opportunities for the following reference numbers: Smart Grid Investment Program (DE-FOA-0000058) and Smart Grid Demonstrations (DE-FOA-0000036).
I wouldn't say the government sucks at EVERYTHING they do. We can go to the moon, invade countries and take pictures of the coaster sitting on your coffee table through your front window, but I get what your saying and agree.
masko
I just posted 3 out of hundreds of articles about BIG companies spend BIG sums of money for alternative energy. If this was not the 'wave of the future' I would think no one would spend any amount of money on it.
SYNJ is a company positioned nicely to take advantage of this 'wave'. It's all about thinking outside the box and be willing to take a chance.
GLTA
masko
Partnership Furthers Green Technology
At Ford Motor Company, we’re going green, and fast. We’re proud to be one of only three companies selected by the U.S. Department of Energy to be approved for the Advanced Technology Vehicles Manufacturing Incentive Program.
This green partnership with the U.S. government will help us accelerate the development of advanced technologies for even better fuel-efficiency and emissions. These are the loans that Congress authorized in conjunction with the 2007 Energy Independence and Security Act.
Seventy-five companies applied for these loans. Ford is one of the first automakers deemed by the government to be among the best companies with the best technologies in American manufacturing and fuel efficiency.
We are committed to fuel economy leadership with every new model we introduce. In fact, we are investing nearly $14 billion in advanced technology vehicles in the next seven years alone in the U.S.
Our partnership with the Department of Energy also will help retool our U.S. plants more quickly to produce fuel efficient vehicles and meet new, rigorous fuel-economy requirements.
The first biofuels station has opened today in Solano County, CA. The Plaza Oliver Valero at 1009 Oliver Road in Fairfield is now carrying E85 and biodiesel.
Plaza Oliver Valero will celebrate the grand opening of this new facility Saturday and Sunday. The site will help support the nearly 400,000 flexible fuel vehicles that can use E85 in the state of California.
The station was made possible with a $3.5 million California Air Resources Board grant, administered by the Sacramento Metropolitan Air Quality Management District.
Air Resources Board chairwoman Mary Nichols described E85 as a transitional fuel that will help get Californians used to the idea of trying alternative fuels as the state moves forward in its efforts to reduce greenhouse gas emissions.
June 25, 2009
Suntech Power Plans to Start U.S. Panel Production in Early 2010
The Chinese solar company is now choosing among four sites for its first, 100-megawatt factory to build solar panels in the United States, says an executive.
Suntech Power plans to announce in a few weeks the site of its first factory in the United States, and expects to start production in the first quarter of 2010, said Roger Efird, president of North American sales for Suntech Thursday.
The Chinese company has narrowed a list of potential sites to one on the East Coast and three on the West Coast, said Efird in an interview after his talk at the Edison Electric Institute's annual convention in San Francisco.
The final selection will depend largely on the economic incentives from state and local governments that are wooing Suntech.
"We are asking for the best economic packages now," Efird said. "Then we will narrow the list down to two next week."
For Suntech's part, the decision will depend on labor rates and other costs, as well as the education of the local workforce and the proximity of the factory to target markets, Efird said.
The factory would assemble solar cells produced at Suntech's manufacturing complex in China, he added. Solar cells are lighter to ship from China than complete solar panels, which are heavy because of the use of glass and aluminum.
The U.S. factory would have a production capacity of 100 megawatts per year and would employ about 300 people.
Suntech started talking about setting up a factory in the United States three years ago.
It decided to make that happen soon primarily because of a political push to use American-made products, Efird said. Last month, the company announced it would select a production site within six months.
"In this time of downturn in the economy, the politically correct thing to do, if you are a buyer, is to promote buying American," he said during his talk.
Suntech will follow several other European and Japanese solar companies that have set up manufacturing centers in the United States over the past year.
Germany-based Schott Solar recently opened a solar panel factory in New Mexico (see Scott Opens New Factory, Considers Biz Beyond Manufacturing). SolarWorld, also headquartered in Germany, opened a 150-megawatt solar cell factory in Oregon last fall (see Q&A: Will U.S. Become a Solar World?).
Sanyo from Japan announced last October that it would build a silicon ingot and wafer processing plant in Oregon.
1 @ .0024 3 @ .0026
76M traded and held our ground. great day imo with a much brighter future.
cya
masko
well it has 18 years to get there. that would be a nice little gift for her. :)
Because this stock is so bad, I bought 43,500 of it just now @ .0023 for my 1-1/2 year old grand daughter, maybe it will pay for her college.
GLTA!
masko
And what good does it do to constantly complain about every dip in the road? Just enjoy the ride and wait in anticipation of the final destination.
masko
she says it takes $350 to fill her tank, she works at a bank, has been there 23 years and makes 8k a month. price of everything is high due to corruption
i have a friend in South Africa, they pay $7.50... A LITRE!!
To those who may not understand...
2 board members of SRE are on the board of another company in the same field.
both have great creds, 1 has 13 patents to his name
SRE is speculated to merge with pinnacle which is owned by SYNJ.
bottom line: there are very good people involved with this little company and this little company is in the right place at the right time.
GLTU
glad to have you back and yes, it does get on the nerves after awhile
I think you're right Sully and welcome back, havent seen you in a few days.
masko
I'm with you cj. patients will pay off for those of us who are long
Arizona_Son,
I love your investing philosophy...
Dont let the naysayers whisper sweet NOTHINGZZ in yur earzz!! I feel like thats what you and others are doing to us who believe in this stock and in this company.
GLTU
masko
I'm holding all mine for bigger and better days ahead. you will be paid well for your patients and endurance. Hang in there.
masko
ok. lol
Big Picture = Big Money
"Endurance is one of the most difficult disciplines, but it is to the one who endures that the final victory comes."
Buddha
Good Luck Everyone
June 22, 2009
Cellulosic Ethanol and Advanced Biofuels Investments
There's much excitement about second generation biofuels made from cellulosic feedstocks and algae, be they cellulosic ethanol, biodiesel, biocrude, or electricity from biomass. There will be winners, but they may not be the technology companies.
Tom Konrad, Ph.D., CFA
At the 2009 Advanced Biofuels Workshop, there were two major themes: developing new feedstocks, especially algae, and the development of new pathways to take biomass into products such as biocrude, which can be used in exiting oil refineries.
Big Market, Many Competitors
The current federal Renewable Fuel Standard requires the use of 36 million gallons of biofuels, including at least 21 billion gallons of advanced biofuels by 2022. Advanced biofuels are defined as fuels other than corn-based ethanol and with greenhouse gas (GHG) emissions half that of the fuel they replace. This creates a gigantic market, so large that some industry observers doubt if it can be met.
I'm glad SYNJ is in a gigantic market, this leaves room for many to make a lot of money.
http://www.altenergystocks.com/archives/2009/06/
I know most of us here want to see this stock shoot up now/today/this minute, but it's mind boggling the potential alternative energies have. just think what our own income potential could be from this small little sub penny stock should they be doing what a lot of us on this board believe they are in fact doing! awesome potential!!
masko
Your DD has reached into Germany. lol congrats!
Looks like we have people with the same interests eyeing us from afar...
http://www.wallstreet-online.deimg.wallstreet-online.de/diskussion/1149341-581-590/denke-hier-es-ziemlich-bald-so-laufen-wie-bei-eeso-vor-ein-paar-wochen
Here's a chart of incentives state by state for renewables
http://www.dsireusa.org/summarytables/finre.cfm
Actually you have no idea what their revenue stream is or may be. If you go to SRE website you'll see that they are always looking for investors and who knows, they may already have a few and have projects going. jmo of course
Here's a request by Roscoe Bartlett of the 6th District of Maryland: maybe SYNJ has a shot at it, it's not much but it's in the same district
http://bartlett.house.gov/Issues/Issue/?IssueID=5025
Next Monday the Representative is hosting "Go Green Conference"
I wonder if Pinnacle and/or Sentinel will be represented there?
http://bartlett.house.gov/Issues/Issue/?IssueID=5025
Goodmorning all
I wish everyone good luck today with all your stocks!
This is probably old news to some but I was reading the state of Marylands website and found it interesting.
NOTE: In the article you'll see the state wants 15% of their energy use to be renewable by 2015, imo, they will need to start now, to get to that point by then. good place to be for a company like SYNJ.
GLTA
masko
http://www.energy.state.md.us/documents/smartgridprfinal060809.pdf
Imo nothings changed, another day of trading has past and we are holding strong.
Keep the faith everyone and remember, it'll be greater later.
GLTA
masko
such as telling us and then given us 5%. hirings, law firms. read the record
your correct, I am concentrating on the company and for that very reason i'm comfortable with the way its trading and the company has shown me nothing for me to question their motives or professionalism. it is some posters that i question their motives and the affect it has on others. As i've said before, i believe we are all in this together and it does no good to throw things out there that can not be proven or substantiated.
good luck
Thank you once again Klon for the voice of reasoning.
every share sold is a share bought, no?
awesome DD Dragonwing and soup!!
Thats what stocks do, they go up and down. why did you invest in the first place?
edit your post to say..IMO
many conpanies gag the TA for many different reasons. here's 1 scenerio, sre merges into pinnacle. this company has done EVERYTHING they said they were going to do, i think people just need to relax until the time is right.
now thats funny