Munich-based Siemens AG — GE’s German competitor — will acquire Houston-based energy equipment producer Dresser-Rand Group for $7.6 billion, the companies announced Sunday. The buyout’s announcement came just months after Siemens bought Rolls-Royce Holdings’ energy business for $1.3 billion. Dresser-Rand sells compressors that aid oil and gas production, which are in increasing demand in U.S. shale fields, where wells’ initial output often quickly wanes.
A wind energy company that planned to install 84 to 118 wind turbines directly in the path of a migratory bird route in Missouri has quietly pulled out of the project. Element Power LLC had leased 25,000 acres to erect the 350-foot turbines just east of the Squaw Creek National Wildlife Refuge, where 1 million snow geese showed up in March.
Interior Secretary Sally Jewell will appear at a conference next month on offshore wind energy hosted by the American Wind Energy Association, the group announced today. Jewell is scheduled to deliver the keynote address at the Oct. 7-8 conference in Atlantic City, N.J., AWEA said. The forum will be the “largest offshore wind energy event in North America,” AWEA said in a statement.
The Federal Energy Regulatory Commission is urging a federal appeals court to not invalidate a high-profile rule for electricity-saving programs until the agency decides whether to ask the Supreme Court to intervene. David Morenoff, FERC’s general counsel, asked the U.S. Court of Appeals for the District of Columbia Circuit yesterday to not finalize its 2-1 ruling that vacates Order 745, which requires grid operators to pay customers and demand-response providers the market value of unused electricity.
Business leaders from Apple to Lockheed Martin threw down the gauntlet on climate change yesterday, declaring that the private sector must start taking green growth seriously. Speaking on the eve of a climate change mega-summit hosted by U.N. Secretary-General Ban Ki-moon, industry officials representing hundreds of businesses embraced a price on carbon, boosting renewable energy, eliminating deforestation in supply chains and reducing greenhouse gas emissions.
President Obama today declared the United States is “stepping up to the plate on climate change,” claiming America has cut more carbon emissions than any other nation on Earth over the past eight years. Speaking before world leaders convened by U.N. Secretary-General Ban Ki-moon for the first-ever heads of state summit on global warming, Obama declared unequivocal support for a new international agreement. He repeatedly said the United States will lead but called on other major emitters, particularly China, to march in lock step. The two largest emitters in the world have a special responsibility to lead,” he said. “It’s what big nations have to do.
The Interior Department today released a sweeping draft plan to manage development of renewable energy projects across a vast swath of public and private lands in the Southern California desert to guide projected solar, wind and geothermal development over the next three decades that’s expected to power millions of homes and businesses.
Wyoming — already the site for the nation’s biggest wind farm project — would be home to another $8 billion wind farm under a proposal unveiled by four companies Tuesday. The project, backed by Duke Energy Corp., Dresser-Rand Group and two others, would consist of a 2,100-megawatt wind farm in southeast Wyoming, a 525-mile power line and an energy storage facility. Phil Anschutz’s Denver-based Power Company of Wyoming already is developing a $9 billion, 10,000-megawatt wind farm in south-central Wyoming and 725-mile TransWest Express transmission line.
U.S. Secretary of State John Kerry said Monday the United States could potentially unlock a $6 trillion energy market by revamping the country’s fractured electricity grid, a move that he said would boost the competitiveness of renewable energy. Kerry addressed the opening event of Climate Week NYC, a day before over 120 heads of state were due at the United Nations to address a summit on climate change and national plans to limit greenhouse gas emissions. While Kerry lauded progress on addressing climate change by the Obama administration, he said the country has a huge opportunity to scale up the use of cleaner energy by modernizing what he called its inefficient electricity infrastructure.
The 2011 meltdown at Japan’s Fukushima Daiichi nuclear plant — the premise of a new Brookings report — served as the backdrop to Friday’s discussion as each expert detailed how both countries had incorporated green energy in a nuclear-energy-hesitant atmosphere. “Germany has remarkable consensus on the overall objectives they want to achieve,” said John Banks, one of the authors of the report.