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• A Strong Wind Blows
  Srikant Rajan 09:32:30 am on July 10, 2008 | 0 | # |
  Tags: clne, GE, General Electric, natural gas, renewable energy, t boone pickens, wind power

  Wind energy seems to be the new favorite of all renewable energy technologies. Billionaire T Boon Pickens has invested a couple of billions ($12 Billion) in his wind farm and also initiated the  Clean Energy Fuels (CLNE) .Pickens believes the dependence on foreign oil can be weaned through a rigorous adoption of a multitude of energy technologies, and rightfully so. He further adds that Bush is too ethanol focused and believes natural gas as one of US energy assets. Now GE has declared that its renewable energy investments have exceeded $4billion with $100 million invested in upcoming wind projects.

  GE’s present investments include a total of 76 wind farms and a generating capacity in excess of 4000 MW. This seems to be beneficial to GE from a business perspective as investments in wind projects provide a steady demand for their in house turbines.

   

   

• T Boone Pickens Launches Green Energy "Pickens Plan"
  Tate 11:30:51 pm on July 8, 2008 | 1 | # |
  Tags: clne, pickens plan, t boone pickens, wind power

  T Boone Pickens, the legendary oil speculator who has made  billions on soaring crude prices has a plan (called the Pickens Plan) for weaning ourselves off foreign oil by increasing the use of wind power and natural gas (for car fuel) and has begun a 10 million dollar ad campaign to get the word out.  It should be noted that Pickens, who has invested a few billion into his own wind farm and is the man behind Clean Energy Fuels (CLNE), stands to profit greatly should these initiatives gain greater traction.  After all he is a businessman.  It’s still a noble effort and he should be applauded for taking the initiative while our elected leaders sit on their hands.  The time must be now. 

  Pickens says his plan, which aims to reduce foreign oil imports by a third in the next decade is doable if Congress and the next President act quickly, however he also calls for much of the initiative to funded by the private sector