N2EX: the new marketplace for UK Power Contracts
NASDAQ OMX Commodities and Nord Pool Spot launch UK power market N2EX NASDAQ OMX Commodities, a business unit of The NASDAQ OMX Group (NASDAQ: NDAQ) and Nord Pool Spot today announced the successful launch of N2EX, its marketplace for physical UK power contracts. The launch included a day-ahead auction and a prompt market. "After an intensive year of development and preparations with the UK market participants, we are very pleased with the day-ahead auction results and the volumes currently being traded on the first day of the prompt market. The total traded volume on the day-ahead auction which closed at 10.30 CET ...
Integrating Renewables Into The Grid
FERC seeks to break down barriers to the integration of renewable energy resources Although there is tremendous excitement about renewable energy, to an existing grid, new sources of energy can be difficult to manage and integrate. Variable energy resources (VERs to the transmission grid operators) have experienced some bumps on the road to integration. As the map on the left shows, there is both a regional and time dimension as to when and how much wind, solar and other renewables are available. As a result, FERC, The Federal Energy Regulatory Commission is seeking public comment on whether existing rules, regulations, tariffs, and ...
Ghost Busters style of fiscal responsibility.
The partisan slingshots that ricochet around the Financial Crisis Inquiry Commission--amplified by media pundits on all sides--brings to mind a scene from the film "Ghost Busters". Our heroes, armed with super duper atomic weapons, try them out for the first time in hotel in midtown Manhattan. Out of control, they destroy everything around them. When Bill Murray finally yells, "Whoa, whoa, whoa! Nice shooting Tex!", the walls are blackened with streaks of soot and fire, the furniture lies crumbled and burning, and the intended target--the ghost--sits in the shredded chandelier laughing. Too much regulation? Not enough? Regulation breeds loopholes, which in ...
Recovery Funds Make PA leader In Solar
$9.5 Million for eight projects will leverage $46 Million Eight large-scale solar projects in Pennsylvania that will create jobs while generating clean energy is receiving a substantial boost of $9.5 million from the American Recovery and Reinvestment Act funding. According to Governor Edward G. Rendell, this investment is critically important to strengthening Pennsylvania's economy. Not only will the private capital attract and create jobs, but it has great economic potential in the renewable energy industry for the state. "Solar power is an increasingly important part of our electricity generation capability and, consequently, our economy. That's why we've made an earnest commitment to ensuring ...
$28.4mm Tax Credit for Nebraska Facility
Novozymes gets USD 28.4 million tax credit to advance biofuels production, create jobs Novozymes has received an Advanced Energy Manufacturing Tax Credit of USD 28.4 million from the Obama Administration for the construction of its new enzyme manufacturing facility in Blair, Nebraska. The facility, which will produce enzymes used to make advanced biofuels, will create more than 100 green jobs for the state. “We believe our selection for this tax credit is a reflection of the tremendous potential of advanced biofuels to create green jobs and contribute to meaningful reduction of greenhouse gases in the near-term,” said Adam Monroe, President of Novozymes ...
