Here is one of the other articles I just found on Google..
http://www.prlog.org/10161988-in-2009-president-elect-obamaswill-invest-150-mm-into-alternative-energy-with-hygnpkwmiora.html
In 2009, President-elect Obama's will invest $150 MM into alternative energy with HYGN.PK, WMI, ORA
Moving into 2009, President-elect Obama's plan for investing $150 million over the next 10 years into clean energy may help companies that can limit the use of fossil fuels to create renewable energy become the stars of the New Year.
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Jan 02, 2009 – Moving into 2009, President-elect Obama's plan for investing $150 million over the next 10 years into clean energy may help companies that can limit the use of fossil fuels to create renewable energy become the stars of the New Year.
In this article we'll examine the top renewable energy players that are likely to benefit from the march toward a clean energy future.
Energy from Waste
Solar, wind and bio-fuels tend to capture the biggest spotlight, but the ingenious concept of creating energy from waste is the mission being carried out by Hydrogenetics USA (OTC: HYGN). Using cooking oil waste instead of fossil fuels to produce electricity reduces greenhouse gases, lowers the risk of groundwater contamination, conserves land by reducing the need for methane producing landfills, and it reduces the dependence on fossil fuels for energy needs. With the successful testing of Bio-Diesel in the use of airline freighters jus recently, the transition to this very abundant fuel source seems all but eminent. This is on our top watch list as they are up listing to become fully reporting with their form 10 filed and approved.
Energy from Methane
Waste Management (NYSE:WMI), operator of one of the largest networks of landfills in the U.S. with 300 sites, uses the methane gas from its locations to create electricity. Waste Management is currently supplying enough landfill gas to provide electricity for approximately 400,000 homes a year. That's enough energy to replace the use of nearly 2 million tons of coal per year. Waste Management's primary business is still the collection, transfer, recycling and disposal of waste, but waste-to-energy services are growing in importance to the business as federal and state regulators implement renewable energy programs. As the provider of an essential service the fallout in the financial markets has not had a major impact on Waste Management's business, but the sluggish construction industry and a slowdown in business and consumer spending could translate into less consumption and waste production in 2009.
Energy from the Earth
Ormat Technologies (NYSE:ORA) produces renewable geothermal energy by focusing on power from the earth's core and from wasted energy produced from industrial equipment. Ormat's method of creating electricity from geothermal resources can be a viable alternative over fossil fuels in an environment where prices for natural gas and oil are rising. Renewable portfolio standards (RPS) that mandate states generate an increasing percentage of their electricity from renewable sources also give legs to the likelihood of an increased usage of geothermal energy. Thirty-three states, including renewable energy leader like California, already have RPS goals in place. (To learn more about renewable energy investments, be sure to read our Green Investing Special Feature.)
Final Thoughts
Obama's energy plan specifically calls for 10% of the countries electricity to originate from renewable sources by 2012, and 25% by 2025. The technology capable of producing the most energy for the lowest cost will likely be the outright winner, but like any good investment portfolio, a renewable energy portfolio should contain a combination of multiple renewable energy providers.
By Gregory S. Davis
Gregory S. Davis is an investment writer and consultant for his company G.Davis Capital Inc. His core methodology for choosing investments include patience, diversification and asset due diligence. Gregory is a graduate of the Wharton School of Business. He is also a board member of Stories Work, a non-profit organization based in Durham, NC that uses storytelling to empower youth and individuals to utilize alternative dispute resolution tactics. At the time of writing Gregory S. Davis did not own shares in any of the companies mentioned in this article.
By Gregory S. Davis
Gregory S. Davis is an investment writer and consultant for his company G.Davis Capital Inc. His core methodology for choosing investments include patience, diversification and asset due diligence. Gregory is a graduate of the Wharton School of Business. He is also a board member of StoriesWork, a non-profit organization based in Durham, NC that uses storytelling to empower youth and individuals to utilize alternative dispute resolution tactics. At the time of writing Gregory S. Davis did not own shares in any of the companies mentioned in this article.
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