Earlier this week, the editors of Electrical Marketing, Electrical Wholesaling and Electrical Construction & Maintenance launched GreenBiz, a twice-monthly newsletter covering the latest news in the green market of interest to the readers in the electrical market.
Concerns over oil and gasoline prices, lucrative utility rebates, the LEED certification program, green legislation and exciting new developments in R&D are creating new opportunities for the design, installation and sale of energy-efficient electrical products. GreenBiz will inform electrical contractors, maintenance personnel, electrical engineers, electrical distributors, reps, manufacturers and other electrical professionals about the latest news in this fast-changing market.
If you would like to subscribe to GreenBiz, go to http://subscribe.ewweb.com/subscribe.cfm.
Big bucks available in New York
The New York State Energy Research and Development Authority, Albany, N.Y., is now offering sizeable grants for energy-efficient projects in New York.
Eligible electrical products include lighting, lighting controls/sensors, energy management systems/building controls and motors. This initiative will provide clean energy-related business projects with grants totaling up to 50 percent of project cost with a maximum of $200,000 per project, funded through the state System Benefits Charge (SBC).
A total of $6 million in incentives is available for three rounds of funding, although any or all project funds may be allocated during any one round. Proposals for the first round of funding were due Sept. 5, 2007, while the second and third round have deadlines of Feb. 4, 2008, and Aug. 4, 2008, respectively.
Wind energy grows 45% in 2007
The American Wind Energy Association (AWEA), Washington, D.C., reported record growth in wind power generation, with 5,244 megawatts of capacity installed in 2007, a 45 percent increase reflecting $9 billion in investment and 30 percent of all new power generating capacity in 2007.
$283 per share
The 52-week high for shares of First Solar Inc., (FSLR) Phoenix, a manufacturer of solar electric power modules. During its meteoric rise from $30 per share in January 2007, seats for Wall Street investors were tough to find on the First Solar bandwagon last year, and the stock epitomized the market’s discovery of green stocks. The stock price has come back to earth at least a little bit and was selling for approximately $185 per share at press-time. The company uses an innovative manufacturing technology to produce its photovoltaic cells.