Posts Tagged ‘environment’
ALTERNATE ENERGY: Now Algae-powered hybrid
The car, aptly dubbed the “Algaeus” — built into the shell of a Toyota Prius — will take off today on a 10-day nationwide tour, stopping first in Sacramento, where governor Arnold Schwarzenegger is planned to pour a vial of algae into its gas tank. Sapphire’s algal biofuel, called “green crude,” is significant because it’s a drop-in fuel, meaning it works with current automotive technology, no newfangled advancements necessary.
The technology is relatively simple. Sapphire grows the algae in salt-water ponds at its facility in New
Mexico. It adds a combination of carbon dioxide — trapped and sequestered from industrial sources, thereby limiting their emissions as well — and sunlight. And through a proprietary microbial process, it produces hydrocarbons capable of replacing gas. Unlike ethanol, the fuel is not alcohol based, and it’s not just an additive, emphasizes Sapphire CEO Jason Pyle.
The Algaeus, which supposedly gets 150 miles per gallon, was unveiled today to showcase Sapphire’s technology — though technically, the company has nothing to do with the building of cars, and certainly not the plug-in hybrid aspect of the model. The event also celebrated the debut of the film FUEL, a documentary about America’s addiction to oil and the damage it causes. It took director Josh Tickell, who also founded anti-fossil fuel nonprofit the Veggie Van Organization, 11 years to make the film, which will premiere on Sept. 18 in New York when the Algaeus finishes its trek.
The car is part of a caravan that includes several other green vehicles, including an all-electric motorcycle and a classroom-fashioned bus powered by rooftop solar panels. The latter contains models and materials showing how Sapphire’s technology works and why it’s important that viable replacements are found for fossil fuels. The plan is to have the caravan tour college campuses following its cross-country drive.
Sapphire has already proved its technology in several key arenas. Late last year, it signed deals with companies like Continental Airlines and Boeing to successfully test out algae-based jet fuel. And the San Diego-based startup says it will be building a larger demonstration plant (capable of producing 2 million gallons of diesel and 1 million gallons of jet fuel a year), also in New Mexico, in the coming months to refine its process even more. There’s no doubt that algae is capable of powering vehicles.
These same characteristics also make algae important to surrounding communities where green jobs could go a long way. For example, Sapphire’s current facility in New Mexico — a state that could use agricultural revenue — employs 140. And its new demo plant will employ even more.
The only hurdle standing in algal biofuel’s way is government policy, Pyle says. In order for any alternative fuel of its kind to be widely adopted, renewable fuel mandates and emissions restrictions will need to be implemented and strongly enforced. The Obama administration is headed in the right direction, with its recommended changes for the country’s energy mix, but no major shift can happen until legislation like Waxman-Markey becomes a reality.
ALTERNATE ENERGY: $535m Solar-Plant govt. support
The Energy Department will give a $535 million loan guarantee to Solyndra Inc. so the solar-panel maker can manufacture photovoltaic panels at a plant that will employ 1,000 people, a person familiar with decision said.
The department offered the closely held Fremont, California, company the loan guarantee in March, pending Solyndra securing its portion of the financing. Vice President Joe Biden will announce the award via satellite today, and Energy Secretary Stephen Chu will attend a ceremony in Fremont, according to the person who asked not to be identified because the agreement wasn’t public.
Money for the loan guarantee came from the economic stimulus plan signed by President Barack Obama in February. The Energy Department is preparing to dole out about $83 billion in loan guarantees for energy projects that reduce greenhouse gas emissions.
“We expect additional loan guarantee announcements before the end of the year, but believe the program won’t gain real momentum until mid-2010,” said K. Whitney Stanco, an analyst for investment adviser Washington Research Group.
The loan guarantee covers 73 percent of the plant’s cost and the company is responsible for the balance, Stanco said. The plant will have a manufacturing capacity of 500 megawatts a year. In 2008, solar power accounted for 514 megawatts of consumption, or a fraction of 1 percent of U.S. power use, according to the Energy Department.
The company said in March the project will create as many as 3,000 construction jobs and 1,000 long-term jobs.
Toyota Motor Corp. said last week it will shut a Fremont plant it has run with General Motors Corp. for 25 years. The car factory employs 5,400 people, including almost 4,600 union workers.
Lawmakers, trying to encourage a shift to clean-energy sources such as wind, solar, and bio-fuel have sought to stretch government funds by using loan guarantees instead of grants or direct support.
Solyndra’s backers include Richard Branson’s Virgin Group Ltd. Solyndra said in July it has more than $2 billion in orders and is sending shipments to customers in Europe and the U.S. The Associated Press reported the loan guarantee earlier today.