Since June 18th, we have been saying that the development of alternative energy sources and becoming not only energy independent but also becoming an oil exporting nation is a matter of national security.  On that day, we predicted that oil would be at $20 a barrel by 2020.

If there was ever any doubt in your mind as to the accuracy of our statements or the true nature of OPEC’s place in the world, today’s news should clarify it once and for all time.  As oil was heading north toward $140 a barrel and beyond, the OPEC nations said they weren’t trying to make it that high.  This they said as they were relishing with glee at all the income that was flowing into their coffers as we simultaneously found ourselves being economically weakened as a country by the outflow of petro dollars.

We watched at an enriched Iran thumbed its nose at the world’s attempt to divert their intention to build nuclear weapons.  We watched as Russia found itself able to once again flex its military might thanks to its new found petro wealth.  We also watched as Hugo Chavez, a two bit thug dictator used the power of his rising petro fortune to try to buy some legitimacy on the international stage while building his military prior to beginning his imperialistic exploits.

Now as oil is hovering in the $70 range, higher than it was even last year and a far cry from the $42 range we saw in 2004, the major oil producers of the world are meeting to plot how to get the prices back to the levels where the power of industrial nations will be significanly diminished and they will be able to once again bask in the largess of that which conicidence and nature has blessed them.  No longer satisfied to simply be rich by sucking from nature and without creating anything of value, these tyrants,despots, madmen and power hungry former  KGB types find the rate at which they are amassing their wealth has fallen to from grotesque to merely obscene and they aren’t going to take it lying down.

The 13-nation global oil cartel — which includes Mahmoud Ahmadinejad’s Iran and Hugo Chavez’s Venezuela — will hold an emergency meeting in Vienna Friday to discuss the steep and rapid decline in oil prices.
“The era of cheap oil is finished,” Iran’s Oil Minister Gholamhossein Nozari boasted on Tuesday.  When asked what price Iran would want for its oil, Nozari declared, “The more the better.”

“A few member nations have voiced their intentions of pushing for a cut in production, including Qatar, Iran, as well as OPEC’s president Chekib Khelil, who said that output could be slashed by as much as 2 million barrels a day,” analysts for Raymond James & Associates told MarketWatch.com.

This is war, make no mistake about it and Iraq, with massive oil reserves will no doubt play an imporant role in this war.  What side they will come down on is anyones guess but being their liberators, we stand a better than even chance they won’t be wholly against Western society.

To win this war we must drive oil prices down, way down.  We must cripple Iran, Syria, Venezuela and Russia before they cripple us.  With cheap oil, the people of Iran can overthrow Ahmadinejad.  Without his petro dollars, Chavez will be an impotent dictator and will soon be replaced by someone who can inspire the Venezuelan people to begin to build a country supported by the labors of its people.

Without massive oil revenues Russia will once again be forced to confront their own corruption and decay and necessity will allow a new government to blossom, one more responsive to the talents and dreams of the Russian people.

I Need You!

To win this war, America must continue and accelerate our drive to develop petroleum free transportation.  Between compressed natural gas, hybrid and plug in technologies and fuel cells we can completely transform the transportation industry and reduce our need for oil to the point where we will be able to start exporting both oil and the technology to free European and Asian countries from their dependence on oil as well.

In the interim, I do see opportunity for good fortune.  A trait among OPEC and other oil rich countries is that they are very self serving.  OPEC has stuck together just fine in good times because there was no need for anyone to break rank.  Now, with some petro budgets being stretched thanks to a human failing I call the “arrogance of wealth,” you can expect to see one or more of the OPEC countries agreeing but not living up to pledges to cut production.  Nothing like the need for a little extra cash to cause a price fixing cartel to crumble.  There are no friends among OPEC nations, just willing co-conspirators.  Watching Russia continue to pump oil and others while they are supposed to be honoring a pledge to reduce production will display to the world just how little character these pimps of mother earth have.

Look for speculators to take the price of oil back up a bit following the OPEC meeting if production limits are placed but don’t look for it to hold.

For now we Americans need to maintain our focus and our resolve.  Gasoline under $3 a gallon is no excuse to relax the imperative we felt when it was pushing toward $5.  We’ve got the little bastards more than scared and even on the run.  Think of this as the surge and push onward with “all of the above.”  We can win this war, we will win this war, we must win this war.

©2008 Alternative Energy Today. All Rights Reserved.

ALTAIR NANOTECHNOLOGIES – Announces New Battery

Altair Nanotechnologies Inc. (Nasdaq: ALTI), a leading provider of advanced nanomaterials technology used in power and energy systems and other applications, is trading up 3.3% following the Company’s September 8, 2008 announcement that it has completed the 500th full depth cycle of a unique lithium titanate battery developed for the U.S. Navy. Altair’s $2.5 million contract is funded as part of a $3.5 million United States Navy program that includes independent product testing by the Navy. Additional funding of $5 million has been approved by Congress for FY 2008.  To read the entire story, click here:

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URANIUM ENERGY CORP – Completes Hydrologic Testing

Uranium Energy Corp (AMEX: UEC) is trading down 5.26% following the Company’s September 8, 2008 announcement of the successful completion of hydrologic testing in the first production area (PA-1) at the Company’s Goliad ISR Uranium Project in South Texas. The Company has now filed a Production Area Authorization (PAA) Application with the Texas Commission on Environmental Quality (TCEQ). The TCEQ earlier issued a Draft Mine Permit to the Company for the Goliad ISR Project, as announced in June this year.  To read the entire story, click here:

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WELWIND ENERGY INTERNATIONAL – Signs Join Venture for Chinese Wind Farm

Welwind Energy International Corp. (OTC BB:WWEI) is trading upo 17% following the Company’s September 8, 2008 announcement that it has successfully signed a second joint venture partnership for a 50% interest in the Ningxia Tianjing Helanshan wind farm project. This joint venture is for an interest in a 30.9MW wind farm which completed construction in February 2008. Ningxia Tianjing Shenzhou Windfarm Ltd was established on May 16, 2002. It is a joint venture of Ningxia Electric Power Group with Huarui Electric Ltd. which is affiliated with Beijing Hanneng Group. Phase I of the project consists of 12 wind turbines with a unit capacity of 850kW each; phase II has 12 wind turbines with a unit capacity of 850kW each; and the final completed phase III of the project consists of 7 wind turbines with a unit capacity of 1500kW each. Total installed capacity is 30.9MW. To read the entire article click here:

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RAVEN BIOFUELS INTERNATIONAL CORP – Appoints Industry Veteran to VP of Operations

Raven Biofuels International Corporation (OTCBB: RVBF) is trading down 11.11% despite the September 8, 2008 announcement of the appointment of Joseph J. Titus to the team at Raven Biofuels International Corporation as Vice President of Operations.

Raven plans to build, own and operate one of the first commercial scale cellulosic ethanol biorefineries in North America and in his new role Mr. Titus will direct the engineering, construction and commercial operations of Raven’s proposed Washington State and British Columbia biorefineries.

Mr. Titus brings over 25 years operations and project execution management experience in the energy, environmental and process sectors. Joseph has a Bachelor of Science, Specializing in Paper Science & Engineering from the University of Wisconsin and an MBA from Loyola College of Maryland, Sellinger School of Business & Management. He has held multiple positions as Business Unit Manager and Director of Operations at Environmental Elements Corporation, an environmental process company and Alfa Laval Celleco, a Swedish pulp and paper process equipment company; Director of Operations for LPP Combustion LLC, a startup clean energy company and GTS Energy Inc., a process heating company with one of its key markets in the power sector.  To read the entire article, click here:

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BROADWIND ENERGY INC – Expands Office Debt

Broadwind Energy, Inc. (OTCBB: BWEN) announced an expansion of its corporate management team, including the addition of a General Counsel, Senior Vice President of Human Resources, Corporate Controller and Director of Compliance.

Broadwind named J.D. Rubin as vice president and general counsel. Rubin was previously with Chicago-based Barack Ferrazzano Kirschbaum & Nagelberg LLP, where he specialized in corporate and securities law. Rubin earned his undergraduate degree from the University of Wisconsin-Madison and his law degree from Northwestern University.  To read the entire story, click here:

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©2008 Alternative Energy Today. All Rights Reserved.

FPL GROUP INC - Recommends Against Attempt to Poach Stock Away from Unwary Investors

FPL Group, Inc. (NYSE:FPL)  is trading down 2.64% following the Company’s September 5, 2008 announcement that it has received notification of an unsolicited “mini-tender offer” by TRC Capital Corporation to acquire up to 2 million shares of FPL Group common stock, representing less than one half of 1 percent of FPL Group’s outstanding shares. TRC’s offer price of $58 per share in cash represented, as TRC Capital’s own offer document acknowledges, approximately a 4.65 percent discount below FPL Group’s closing price on the New York Stock Exchange on Aug. 26, 2008, the day before the offer commenced. To read the entire report, click here:

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WELWIND ENERGY INTERNATIONAL CORP – Stock Continues to Climb on Acquisition News

Welwind Energy International Corp. (OTCBB: WWEI), is trading up 17% on the news of September 4, 2008 that announces that it has successfully signed a binding joint venture partnership for a 49% interest in a wind farm project owned by Ningxia Electric Power Corp. (NEP).  To read the entire story, click here:

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©2008 Alternative Energy Today. All Rights Reserved.

Alternative energy stocks closed on the downside as a plummeting Dow sucked the life out of the entire market and people ran for the cover of cash.  Disappointing jobless new coupled with lackluster retail sales triggered the sell off as and the bear rally was unstoppable. The Dow ended down 2.99% at 11,188.23.  The fact that oil dropped another $1.59 to$107.76 was pretty much lost in the fray.

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LITHIUM-ION STOCKS – Visit our Lithium-ion Stock Page – Your source for Lithium-ion stocks

Lithium-ion stocks had only two gainers today decliners numbered 11.

Advanced Battery Technologies (Nasdaq: ABAT) finished in the green by closing up 1.54% to $3.96. They had a much better day going till the Dow started tanking but managed to hold on to the upside.

Honda Motor Company (NYSE: HMC) was other stock in the green as its stock finished up .15% at $32.85.

Altair Nanotech Inc (Nasdaq: ALTI) finished further down than any other lithium ion stock losing 9.85% to $1.83 following the announcement that a joint development deal with Eli Lilly had been axed.

General Motors (NYSE: GM) was second down 5.24% at $10.68.

NUCLEAR ENERGY STOCKS - Visit our Nuclear Energy Stocks Page – Your source for solar energy

Nuclear energy stocks also had only 2 winners compared to 8 losers.

USEC Inc (NYSE: USU) started on the down side but managed to move into positive territory and stay there the rest of the trading session.  The stock finished up 2.1% at $5.84.

Uranium Energy Corp (Amex: UEC) also managed to hold on to the green closing up .54% to close at $1.68. Hey, that may be just a penny but still… it’s a win.. right?

Cameco Corp (NYSE: CCJ) was the only stock suffering meaningful losses as their stock fell 4.59% to $26.81.

GEOTHERMAL STOCKS - Visit our Geothermal Stock Page - Your Source for geothermal stocks

Like the two that preceded it the Geothermal sector also had 2 stocks that had winning ways compared to 7 that succumbed to the downward pull of the Dow.

Nevada Geothermal (OTCBB: NBLPF) gave the best showing closing up 2.08% to end the day at $.98 while Calpine Corp (NYSE: CPN) managed to hold on to a 1.13% gain to end the session at $17.01.

To the downside,  US Geothermal Inc (Amex: HTM) shareholders hurt more than most as their stock fell 10.8% to finish the day at $1.90.

Raser Technologies was the other material loser as their stock fell 5.07% to finish at $7.86.

WIND ENERGY STOCKS - Visit our Wind Energy Stocks Page – Your source for wind energy stocks

Wind energy sector did better with three stocks finding pay dirt compared to 10 winding up in the red.

Welwind Energy Intl (OTCBB: WWEI) had a great day gaining 41.54% to $.092 on more than twice normal volume following their announcement at the open of a Joint Venture deal with Ningxia Electric Power. Ningxia Hui Autonomous Region is a region in China

Wind Energy America (OTCBB: WNEA) had a respectable day as well closing up 6.78% at $.63.

Mass Megawatt Wind Power Inc (OTCBB: MMGW) also managed to stay in positive territory closing up 5.59% at $1.70.

Nacel Energy Corp (OTCBB: NCEN) struggled today closing down 7.86% to $1.29.

Juhl Wind Inc (OTCBB: JUHL) finished down 6.58% at $3.55 but volume has fallen off so badly that once needs to be concerned about liquidity on this issue. Only 2,990 shares traded today, a pittance compared to the 50,000 to 500,000 a day when it first came into the market.

SOLAR ENERGY STOCKS - Visit our Solar Energy Stock Page – Your source for solar energy stocks

It was losers over winners 11 to 4 in the Solar energy sector today.

Biosolar Inc (OTCBB: BSRC) kept up its winning ways by moving up another 4.76% to $.44.

Energy Conversion Devices (Nasdaq: ENER) was the big decliner in the solar sector today closing down 5.81% to $64.64. The stock has shown remarkable strength since early may as new CEO Mark Morelli continues the turnaround. Hopefully, this is only establishing a new support level.

FUEL CELL STOCKS - Visit our Fuel Cell Stocks Page – Your source for solar energy stocks

The fuel cell sector had three significant stocks in the green today and seven on the downside.

Hydrogenics Corp (Nasdaq: HYGS) was best of the three gainers adding 3.48% to its stock as it closed as $1.19.

Plug Power Inc (Nasdaq: PLUG) had it toughest of the decliners losing 14.66% to end the session at $2.27.

BIOFUEL STOCKS - Visit our Biofuel Stocks Page – Your source for biofuel stocks

The Biofuels sector went 7 down and only 2 up today.

Dynamotive Energy Systems (OTCBB:  DYMTF) fared well despite the bad overall market closing up 21.95% at $.25 following the report of the company’s second quarter results. Volume was around 6 times normal.

Valcent Products (OTCBB: VCTPF) couldn’t have cut it any closer as their stock finished up just $.003 at $.583. Still, a win is a win and a lot better than a loss.

Archer Daniels Midland (NYSE: ADM) was one of the top losers today as its shares fell 6.4% to close the day at $22.97.

©2008 Alternative Energy Today. All Rights Reserved.

PLUG POWER INC – Selects Maxwell Technologies Ultracapacitors

Plug Power Inc. (Nasdaq: PLUG), a leading developer of hydrogen fuel cell-based power systems for electric lift trucks is trading up 1.12% following a September 3, 2008 joint announcement with Maxwell Technologies, Inc. (Nasdaq: MXWL ) that Plug has selected Maxwell’s BOOSTCAP® ultracapacitors to enhance performance and energy management in its line of GenDrive(TM) power units.

David Schramm, Maxwell’s president and chief executive officer, said that Plug Power has placed a purchase order for Maxwell’s BOOSTCAP MC2600 2,600-farad ultracapacitor cells to be delivered during the third and fourth quarters.

“Plug Power is a leading integrator of fuel cell-based power solutions for zero-emission material handling vehicles, such as electric lift trucks, as well as other continuous and backup power applications,” Schramm said. “This innovative combination of technologies is another example of the synergy between hydrogen fuel cells’ extended energy output and ultracapacitors’ short duration burst power capabilities.”  To read the entire story, click here:

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RASER TECHNOLOGIES INC – to develop 100,000 acres in West Java for Indonesia Power

Raser Technologies, Inc. (NYSE Arca:RZ) is trading up 5.24% following the Company’s September 3, 2008 announcement that it was chosen to develop, in conjunction with Indonesia Power, over 100,000 acres of geothermal resources to build an estimated 110 megawatts (MW) of geothermal power in West Java, Indonesia’s most populated island. The 412 square kilometers concession surrounds the Tangkuban Perahu volcano, approximately 15 miles north of Bandung, the capitol of the West Java Province. Bandung has over 2 million people and is the largest city in the West Java Province, which has over 35 million residents.  To read the entire story, click here:

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COMPOSITE TECHNOLOGY CORPORATION – Promotes Bob Rugh to President of DeWind Inc.

Composite Technology Corporation (CTC) (OTCBB:CPTC) is trading up 2.88% following the Comany’s September 3, 2008 announcement that Robert C. (Bob) Rugh has been promoted to President of DeWind, Inc., a subsidiary of CTC. Previously, Mr. Rugh served DeWind as Executive Vice President of Operations, under DeWind President Marvin Sepe, who will remain CTC’s Chief Operating Officer and will oversee both our DeWind and CTC Cable business subsidiaries. To read the entire story, click here:

FLORIDA POWER & LIGHT COMPANY – Files for 7% Increase in Rates but Still Cheapest in Florida Thanks to Alternative Energy

Florida Power & Light Company (NYSE: FPL) is trading down 2.2% following the Company’s September 3, 2008 announcement that its preliminary estimates for 2009 customer bills will require an increase in January of about 7 percent over the December 2008 bill.

The primary components of the adjustment include pass-through fuel costs, previously announced investments in nuclear power generation, and energy conservation costs. Bill estimates are subject to change based on fluctuation in fuel prices, the potential impact of hurricanes and other factors which cannot be anticipated. Any increases must be approved by the Florida Public Service Commission (PSC).
For a typical 1,000 kilowatt hour customer bill, the January 2009 bill would be $8.29 more than the December 2008 bill. At $119.41, the 2009 bill would be among the lowest of all electric utilities in Florida.  To read the entire story, click here:

EVOLUTION SOLAR CORP -  Unveils Plans for Solar HVAC units

Evolution Solar Corp (Pink Sheets: EVSO) is trading flat following the company’s September 3, 2008  unveiling of plans for energy conversion appliances including a complete line of unique of solar powered air conditioning and heating units.

Energy conversion appliances derive a large percentage of their energy needs from alternative or renewable energy sources such as solar energy. The technology is similar to existing heat pumps except the primary source of power is solar and the secondary back up is grid enabled with auto switch over ability.
“Green Technology presents us the greatest marketing opportunity as it touches the lives of nearly every individual on the planet,” explained Robert Kaapke, CEO of Evolution Solar. “We expect that Congress will pass a multi-year extension of the solar investment tax credit in the first half of 2009 with higher residential credits and utility participation,” he continued.

Evolution Solar recently acquired Synergy Development, a Research and Development Company based in Shanghai, China, to develop its line of proprietary Green Technology and Energy Conversion Appliances.  To read the entire article, click here:

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©2008 Alternative Energy Today. All Rights Reserved.

Alternative energy stocks closed on the downside as oil dropped sharply again today to close at $109.71.  The ensuing drop in the oil sector killed an early Dow rally and the Index ended the day down .23% at 11,516.92.

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LITHIUM-ION STOCKS – Visit our Lithium-ion Stock Page – Your source for Lithium-ion stocks

Lithium-ion stocks closed narrowly on the downside today with decliners edging out advancers by 7 to 6.

General Motors (NYSE: GM) was the top gainer closing up 6.5% at $10.65 as CNBC floated the possibility of a resurgence in SUV sales as oil prepares to dip below $100. One can’t help but wonder if American’s really are that stupid.

Hybrid Technologies (OTCBB: HYBR) was another leading performer in the lithium ion sector closing up 3.64% at $2.85.

Ener1 Inc. (Amex: HEV) lost more than any other lithium ion stock today closing down  4.42% to close at $7.13.

Honda Motor Company (NYSE: HMC) was another significant decliners falling 3.72% to end the day at $31.35.

NUCLEAR ENERGY STOCKS - Visit our Nuclear Energy Stocks Page – Your source for solar energy

Nuclear energy stocks lost across the board without a single advancer today.

Uranium Energy Corp (Amex: UEC) had the best day of all nuclear energy stocks closing up 5.35% at $1.97.

NRG Energy Inc (NYSE: NRG) led the decliners losing only 1.98% to close at $38.11.

GEOTHERMAL STOCKS - Visit our Geothermal Stock Page - Your Source for geothermal stocks

Geothermal stocks narrowly kept their upward trend alive today as advancers edged out decliners by 4 to 3.

USEC Inc (NYSE: USU) was the top loser among the nuclear issues as the stock ended the session down 6.42% at $5.39.

Cameco Corporation (NYSE: CCJ) was the other significant loser among the nuclear stocks closing down 6.08% to end the day at $28.25.

WIND ENERGY STOCKS - Visit our Wind Energy Stocks Page – Your source for wind energy stocks

Wind energy sector had one gainer worth acknowledging while compiling a total of 9 losers..

Wind Energy America (OTCBB: WNEA) had a respectable day closing up 3.45% at $.30 on solid volume.

Nacel Energy Corp (OTCBB: NCEN) ended its run in glorious fashion as profit takers hammered the stock down 33.33% to close at $1.20. Watch for a rebound tomorrow or perhaps…. well just keep an eye on this volatile stock. Day traders have to be loving this one.

Juhl Wind Inc (OTCBB: JUHL) also had a noticibly down day as the stock finished down 5.28% at $3.77.

Vesta Wind Systems (Pink Sheets: VWSYF) also had a rough start for September by closing down 4.95% at $129.94 on about three times normal volume.

SOLAR ENERGY STOCKS - Visit our Solar Energy Stock Page – Your source for solar energy stocks

Solar energy stocks was had only two noteworthy gainers besides 13 decliners.

Biosolar Inc (OTCBB: BSRC) managed to make upward progress in a down market as its stock closed up a respectable 5.88% at $.36 on slightly less than average volume.

Ascent Solar Technologies (Nasdaq: ASTI) was the top loser today with its stock declining 7.75% to $8.45.

FUEL CELL STOCKS - Visit our Fuel Cell Stocks Page – Your source for solar energy stocks

The fuel cell sector also closed down with decliners leading advancers by 8 to 2. .

Quantum Fuel Systems Technologies Worldwide Inc (Nasdaq: QTWW) held on to a gain by the narrowest of margins after a strong start to the day. The finished up $.01 at $1.77.

Mechanical Technology Inc (Nasdaq: MKTY), on the other hand, got slammed early and often to end up down 11.37% at $1.95.  Their move down to the capital markets seems to have been poorly received by the shareholders.

FuelCell Energy Inc (Nasdaq: FCEL) was another fuel cell stock posting significant moves to the downside as their stock lost 7.78% to close at $6.40. .

BIOFUEL STOCKS - Visit our Biofuel Stocks Page – Your source for biofuel stocks

The Biofuels sector went 9 down and only one up today to finish our report. Not surprising considering the Republicans removed mandatory ethanol levels from their platform as questions keep circulating about the economic viability of food for fuel.

Valcent Products (OTCBB: VCTPF) couldn’t have cut it any closer as their stock finished up just $.003 at $.583. Still, a win is a win and a lot better than a loss.

Bluefire Ethanol Fuels, Inc (OTCBB: BFRE) didn’t make it close however as it led the decliners by finishing down 14.29% to close at $3.00… again.

Nova Biosource Fuels, Inc. was another noteworthy decliners with their stock finishing today’s session down 6.53% at $.30.

©2008 Alternative Energy Today. All Rights Reserved.

FORD MOTOR COMPANY – Names New Volvo CEO

Ford Motor Company (NYSE: F) tis trading up 4.48% following the Company’s September 2, 2008 announcement of the appointment of Stephen Odell as president and chief executive officer of Volvo Car Corporation, replacing Fredrik Arp, who has decided to leave the company.

Effective Oct. 1, Odell, 53, will be responsible for Volvo’s global operations out of its headquarters in Gothenburg, Sweden, and lead the company’s drive toward sustained profitability through continued restructuring and the accelerated development of high-quality, fuel-efficient and safe vehicles in the premium end of the market.

Odell, who has played a key role in Ford of Europe’s resurgence as its chief operating officer, will report to Lewis Booth, executive vice president of Ford Motor Company and chairman of Volvo Car Corporation, who will continue to oversee the strategic direction of Volvo. Tp read the entire story, click here:

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RASER TECHNOLOGIES – Closes Financing Package

Raser Technologies, Inc. (NYSE Arca:RZ) is trading down .67% following the Company’s September 2, 2008 announcement of the closing of the initial funding under a definitive agreement that provides project financing and tax equity capital for Raser’s 10 megawatt (MW) Thermo geothermal power project near Beaver, Utah. The funding arrangement, which was entered into pursuant to the commitment letter Raser received earlier this year, provides non-recourse debt financing and tax equity capital to construct the Thermo geothermal power plant. Under this arrangement, the tax equity capital is provided by a tax equity partner in exchange for most of the tax benefits provided by the renewable energy project. To read the entire story, click here:

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USEC INC -  Submits Second Part of DOE Loan Guarantee Application

USEC Inc. (NYSE:USU) is trading down 5.21% following the Company’s September 2, 2008 announcement that, on August 29, 2008, it submitted the second part of a two-part application for a loan guarantee from the U.S. Department of Energy (DOE) to fund construction of the American Centrifuge Plant in Piketon, Ohio. USEC submitted the first part on July 24, 2008.

DOE invited nuclear energy projects to submit loan guarantee applications on June 30, 2008. DOE had set a deadline of September 29, 2008, for part I applications and December 2, 2008, for part II applications for front-end nuclear fuel cycle facilities. The fiscal year 2008 consolidated appropriations act authorized DOE to issue $38.5 billion worth of loan guarantees through the end of fiscal year 2009, with $2 billion allocated for advanced “front-end” nuclear fuel cycle facilities.  To read the entire story, click here:

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SUNTECH POWER HOLDINGS CO LTD. - Inks Another Polysilicon Supply Deal

Suntech Power Holdings Co., Ltd. (NYSE: STP ), one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, is trading down 5.77% following the Company’s September 2, 2008 announcement that it has signed a definitive seven-year polysilicon supply agreement with DC Chemical Co. Ltd., a leading multinational chemicals producer headquartered in Seoul, South Korea. Under the terms of the agreement, DC Chemical will supply Suntech specified annual volumes of polysilicon with a total value of approximately $750 million from 2010 to 2016.  To read the entire story, click here:

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CALPINE CORPORATION – Names New Interim Controller

Calpine Corporation (NYSE:CPN ) is trading down 2% following the Company’s September 2, 2008 announcement that that Kenneth A. Graves has been appointed Interim Corporate Controller and Principal Accounting Officer effective immediately. He will succeed Stephen F. Hodkinson who served as the Company’s Interim Corporate Controller and principal accounting officer. Mr. Hodkinson, whose services were provided pursuant to an agreement between the Company and AP Services, has returned to his responsibilities at AP Services.

“Ken’s extensive experience in public accounting, coupled with his responsibilities as Vice President of SEC Reporting and Technical Accounting, makes him particularly well-suited for his new expanded role,” said Zamir Rauf, Calpine’s Interim Chief Financial Officer. To read the entire story, click here:

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GUSHAN ENVIRONMENTAL ENERGY LIMITED – Issues Stock Options

Gushan Environmental Energy Limited (NYSE: GU), China’s largest producer of biodiesel as measured by annual production capacity, is trading down 2.43% following the Company’s September 2, 2008 announcement that the Board of Directors has granted share options to 27 individuals, including officers, employees and one director of the Company totaling 1,276,000 ordinary shares (638,000 American Depositary Shares) at an exercise price of USD5.30 per ordinary share (as adjusted to USD10.60 per ADS) of the Company on September 1, 2008. The options will vest one third 12 months from the date of grant, one third 24 months from the date of grant and the remaining one third 36 months from the date of grant. The options will expire ten years from the date of grant. The options have been granted pursuant to the Company’s share option scheme. The purpose of the option grants is to encourage the retention of personnel in a competitive market place. Together with those share options previously granted, there are 6,293,183 ordinary shares (3,146,592 ADSs) issuable upon exercise of outstanding share options and there are 8,484,667 ordinary shares (4,242,334 ADSs) available for future issuance upon the exercise of future grants under the share option scheme.  To read the entire story, click here:

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©2008 Alternative Energy Today. All Rights Reserved.

While Democratic Presidential candidate Barack Obama continues to loudly beat the alternative energy drum, which we appreciate and acknowledge, by staunchly opposing nuclear energy and resisting discussions regarding expanded offshore drilling, his judgment is, once again, is proving to be as flawed as it is shallow.  Both nuclear and offshore drilling are essential components in America’s quest for oil independence and clean energy.

While it’s true that America needs to focus on advancing all the alternative energies as rapidly as possible, be it solar, wind, wave or geothermal, it’s equally true that advancing these technologies alone will not be sufficient to replace even natural gas on America’s electrical grid (so it can be used as an alternative for cars, trucks and buses) for many years to come. Surprisingly, the weak link isn’t even the technologies. It’s something far less glamorous, far less politically appealing and far more daunting. It’s America’s antiquated power grid itself that’s the problem.

As solar and wind energy technologies move closer and closer to achieving grid parity (the point where it costs the same to make electricity from a given technology as it does to make it from a coal fired plant) problems are already beginning to crop up as new wind farms begin to tax the grid to the point where it can no longer accommodate the electrical traffic being put into the system.  This forces these producers to shut down operations when the grid becomes too congested. Simply put, since solar and wind generators, and even geothermal plants are usually located in sparsely populated areas, the infrastructure necessary to get the electricity from the source to the high population areas of demand,  is either insufficient or non-existent.

America needs an energy super-highway, an upgraded infrastructure that will be able to transport this alternatively generated electricity efficiently from the source, be it wind, solar or geothermal. Without it all the windmills and solar arrays will be useless.

For example, Maple Ridge Wind farm invested $320 million building approximately 200 wind turbines in upstate New York. Today, at times, regional electric lines have been so congested that Maple Ridge has been forced to shut down even with a brisk wind blowing.

Gabriel Alonso, chief development officer of Horizon Wind Energy, the company that operates Maple Ridge, comments that, by comparison,  in parts of Wyoming, a turbine could make 50 percent more electricity than the identical model built in New York or Texas. “The windiest sites have not been built, because there is no way to move that electricity from there to the load centers,” he said.

It will cost about $60 billion to build this energy superhighway but the technology already exists. In fact American Electric Power already operates 2,100 miles of this type of power lines. The problem with making this a reality is that this essential infrastructure is that it involves interstate cooperation as the line is built through state after state.  States are loathe to cooperate with each other not because of what it might do for them but what small advantage they might lose in the battle for cheap power and profits.
America must build this energy superhighway and they have to get started now if we are ever going to become energy independent.  This is going to take leadership and someone willing to make enemies in order to serve America’s future. Whose up to the task?  That remains to be seen but you better make sure the person you vote for will make it happen.

In the interim, America needs to expand its commitment to nuclear power and to expanding our domestic oil production until we can get this basic problem of infrastructure resolved.  Nuclear power can be built near the existing energy backbone feeding major metropolitan centers and won’t require this new energy superhighway.

We need to put aside all our differences and work together to get this energy superhighway built so that America can properly utilize the rapidly advancing alternative energy technologies. You’ve taken the time to learn about alternative energies, now spend a little time getting involved with the very center of this technology, the energy superhighway.  Just Google “energy superhighway” to get started.

©2008 Alternative Energy Today. All Rights Reserved.

LDK SOLAR CO LTD -  Signs Major Contract with Hyundai

LDK Solar Co., Ltd (NYSE: LDK), a leading manufacturer of solar wafers, is trading up 2.16% following  the Company’s August 29, 2008 announcement that it has signed a seven-year contract to supply multicrystalline solar wafers to Republic of Korea-based Hyundai Heavy Industries Co., Ltd (HHI).
Under the terms of the agreement, LDK Solar will deliver approximately 440 MW of multicrystalline silicon solar wafers to Hyundai Heavy Industries Co., Ltd over a seven-year period, commencing in 2009 and extending through 2015. Hyundai Heavy Industries Co., Ltd will make a down payment representing a portion of the contract value to LDK Solar.  To read the entire story, click here:

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CONSTELLATION ENERGY PARTNERS – To Sell its Upstream Gas Assets

Constellation Energy Partners LLC (NYSE: CEP) is trading off 1.99% following the Company’s August 28, 2008 announcement that it intends to sell its upstream gas assets.

“We have been informed of Constellation Energy’s decision to sell its upstream gas assets,” said Stephen R. Brunner, president and chief executive officer of Constellation Energy Partners. “Constellation Energy informed us that they are committed to continuing to provide all the services to the company as agreed to in its Management Services Agreement. We value our strategic relationship with Constellation Energy and appreciate their commitment to continue to provide ongoing support to our company. We intend to work closely with our Board of Managers and the management team at Constellation Energy to evaluate the potential impact that their current and future decisions may have on our company. As we move forward through the process we will focus on developing a plan that is in the interests of our company and unitholders.

“We do not expect any immediate impact on our business operations and we remain focused on running the business and executing on our strategic plan. We continue to focus on achieving our 2008 commitments and delivering cash flow stability and future growth to our unitholders.” To read the entire story, click here:

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ENERGY CONVERSION DEVICES – Reports Net Income of $.24 per share for Q4.

Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, is trading down 2.40% despite the Company’s August 28, 2008 announcement of its financial results for the fourth quarter and fiscal year ended June 30, 2008.

Total consolidated revenues for the quarter were $82.4 million, up 18 percent from third quarter revenues of $70.0 million, and 129 percent higher than fourth quarter fiscal 2007 revenues of $36.0 million. Solar product sales were $77 million, a 19 percent sequential increase and a 161 percent increase over the prior-year quarter.

Net income for the fourth quarter was $9.9 million, or $0.24 per share, compared to net income of $7.0 million, or $0.17 per share, in the third quarter of fiscal 2008, and a net loss of $13.1 million, or $0.33 per share, in the year-ago period. To read the entire story, click here:

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©2008 Alternative Energy Today. All Rights Reserved.

The mysterious recession being searched for by Democrats everywhere once again eluded capture as the Commerce Department released a report saying that the US gross domestic product (GDP) grew at a 3.3 percent annual rate, well beyond economist’s expectations. In response the Dow continued its upward movement adding 1.85% to end the day at 11,715.18. Oil continued to remain volatile with uneasiness as Tropical Storm Gustav becomes more ominous by the day and threatens to grow into a major hurricane as it works its way through the Gulf oil fields.  Oil closed the day at $115.55.  Still, with the Labor Day weekend approaching, stocks lacked the movement we normally see.

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NUCLEAR ENERGY STOCKS - Visit our Nuclear Energy Stocks Page – Your source for solar energy

Nuclear energy stocks moved up again today as advancers led decliners 7 to 3.

Uranium Energy Corp (Amex: UEC) had the best day of all nuclear energy stocks closing up 5.35% at $1.97.

NRG Energy Inc (NYSE: NRG) led the decliners losing only 1.98% to close at $38.11.

GEOTHERMAL STOCKS - Visit our Geothermal Stock Page - Your Source for geothermal stocks

Geothermal stocks narrowly kept their upward trend alive today as advancers edged out decliners by 4 to 3.

Sierra Geothermal Power Corp (CDNX: SRA.V) was the top gainer in the geothermal sector with its stock closing up 11.11% $.50.

US Geothermal was another noteworthy gainer as it saw its stock move up 7.73% to close at $2.09.

WIND ENERGY STOCKS - Visit our Wind Energy Stocks Page – Your source for wind energy stocks

Wind energy sector were strong today as advancers blew away decliners 10 to 1.

Nacel Energy Corp (OTCBB: NCEN) shows no sign of slowing its upward drive as its stock gained yet another 19.51% to close at $1.47.  You definitely want to put this stock on your list of ones to watch. It’s a long way back to where it was in June but this is a move worth noting. We’ve got no dog in this fight but just want you to pay attention. This stock is moving.

Mass Megawatts Wind Power Inc (OTCBB: MMGW) had a less sterling day as its stock dropped 8.33% to $1.65.

LITHIUM-ION STOCKS – Visit our Lithium-ion Stock Page – Your source for Lithium-ion stocks

Lithium-ion stocks revived today with advancers leading decliners by 8 to 4..

Ener1 Inc. (Amex: HEV) was the top advancer again today as their stock gained another 4.48% to close at $7.47.

Ford Motor Company (NYSE: F) led the the automakers and finished just behind HEV by closing up 3.99% to $4.43.

SOLAR ENERGY STOCKS - Visit our Solar Energy Stock Page – Your source for solar energy stocks

Solar energy stocks kept moving up today as advancers outpacing the decliners by 11 to 2.

DayStar Technologies Inc. (Nasdaq: DSTI) really turned it around today as their stock moved up sharply closing up 10.22% to end the session at $3.45.

Energy Conservation Devices, Inc (Nasdaq: ENER) ran into trouble early and couldn’t get turned back around again and ended the day down 2.28% at $76.55.

FUEL CELL STOCKS - Visit our Fuel Cell Stocks Page – Your source for solar energy stocks

The fuel cell sector had a mixed day as advancers matched decliners.

Plug Power Inc (Nasdaq: PLUG) was a top performer among fuel cell stocks today as their stock gained 4.68% to close at $2.91.

FuelCell Energy Inc (Nasdaq: FCEL) gave back yesterday’s gains plus more today as their stock lost 12.53% to end the day down more than $1 at $7.68.

BIOFUEL STOCKS - Visit our Biofuel Stocks Page – Your source for biofuel stock

The Biofuels finishes off the list with a winning day as advancers sneaked past decliners 5 to 4.

Bluefire Ethanol Fuels, Inc (OTCBB: BFRE) was a top biofuel winner today as its stock closed up 7.14% to close at $3.00.

Dynamotive Energy Systems (OTCBB: DYMTF) went the other direction and ended the day down 7.69% at $.24.

©2008 Alternative Energy Today. All Rights Reserved.