Danish wind turbine maker Vestas Wind Systems A/S fired its CEO yesterday even as it said it would no longer sell one of its Colorado plants because it had become more hopeful about its prospects in the United States. Vestas, which competes with General Electric Co. to be the world’s biggest maker of wind turbines, said it decided not to sell its tower factory in Pueblo, Colo., because it expected an acceleration in market growth in the United States that would lead to significant orders in the second half of this year.
U.S. investment in clean energy was down in 2012 after breaking records all through 2011, but rapidly declining installment costs mean deployments are likely to continue to rise, according to new analysis from Ernst & Young LLP, a multinational accounting firm.
Wind power is one of the fastest-growing energy sectors in the world, but even this record-breaking growth has been limited by wind’s inherently fickle nature: What do you do when the wind changes direction, or dies completely? Wind can save you one minute and sink you the next, as any sailor will tell you. New forecasting technology may now be on the horizon that could help wind developers both find the best locations for potential wind farms and then manage them as efficiently as possible.
EFerrari SpA plans more hybrid vehicles to follow the 1 million-euro ($1.34 million) LaFerrari as the manufacturer works to attract wealthy buyers beyond supercar drivers. “I don’t believe in the electric cars, but I strongly believe in hybrids,” Chairman Luca Cordero di Montezemolo said in a Bloomberg Television interview with Sara Eisen at the manufacturer’s headquarters in Maranello, Italy.
Vestas, the Danish wind turbine maker that once led the industry but that has struggled in recent years, ousted its chief executive on Wednesday and appointed a successor, while also reporting another quarter of lackluster results. Anders Runevad will succeed Ditlev Engel, who had been chief executive since 2005. Until Mr. Runevad assumes his post on Sept. 1, Vestas will be run by the chief financial officer, Marika Fredriksson, the company said.
North Antelope Rochelle is only 30 years old. It wasn’t around during the first oil shock of 1973 or during the Iranian revolution of 1979, which led to a second oil shock. It hadn’t opened for business when a nuclear reactor at Three Mile Island in Pennsylvania melted down, when 200,000 people gathered in New York City’s Battery Park to hear Ralph Nader demand the end of atomic power and Carly Simon sing yearningly about the “comforting glow of a wood fire.” Those events set the nation on a hurried quest for alternative sources of energy.
In a warehouse district on the outskirts of Bremen in northwestern Germany is a big, well-lighted work space dominated by the massive top section of a wind turbine called a nacelle. It is here that Siemens, the German power systems giant, trains new employees and gives refresher courses on how to work safely on modern windmills that can rise 90 meters, or about 300 feet, and weigh more than 100 tons.
On a hot August day, employees wearing hard hats and protective clothing were squeezing in and out of the multi-ton module, practicing evacuating injured colleagues using pulleys and harnesses.
President Obama announced that Nobel laureate Mario Molina will receive the Presidential Medal of Freedom, the highest honor bestowed on a civilian, this fall at the White House.
In investor reports and promotional efforts, utilities are increasingly touting their services to a lucrative growing customer base: cloud computing and data centers. “From Loudoun County in Northern Virginia to Mecklenburg County in Southside Virginia and stops in between,” Dominion Resources Inc. says on its website, “data centers are expanding or building across our service area.” And Duke Energy Corp.’s brand-new CEO, Lynn Good, said in a recent interview with Charlotte, N.C.’s WFAE-FM, “To have an opportunity to bring industry to the state that uses electricity 24/7 is actually a benefit to residential and commercial customers.”
The Energy Department released two new reports today showcasing record growth across the U.S. wind market — increasing America’s share of clean, renewable energy and supporting tens of thousands of jobs nationwide. According to these reports, the United States continues to be one of the world’s largest and fastest growing wind markets. In 2012, wind energy became the number one source of new U.S. electricity generation capacity for the first time – representing 43 percent of all new electric additions and accounting for $25 billion in U.S. investment.