CleanTech OC Daily - 10/24/12

Wednesday, October 24, 2012

Cool Planet Energy Systems announced today a projected biofuel production cost of $1.50 per gallon at a plant that can produce 10 million gallons per year. The company will need to raise around $100 million for the facility and has already lined up some investors (Google Ventures, BP, ConocoPhillips, NRG). Look for the plant to be completed and fuel to be delivered in the first half of 2014.

The Navy, like many CA homeowners, went with a power purchase agreement (PPA) for solar at the Naval Air Weapons Station at China Lake, 120 miles northeast of Los Angeles. The newly dedicated system from SunPower is the first federal agency project to be financed through a 20-year term solar PPA. The array is expected to meet 30 percent of China Lake’s annual energy load, reducing the Navy’s energy costs by a projected $13 million over the full 20-year span.

ArcelorMittal Steel USA working to beat out competitors by cutting energy consumption at one of its steel plants in Chicago. The company is re-using heat to make electricity and is saving $100 million a year by creating an extra 75 megawatts of emissions-free electricity. Scientists believe that recycling wasted energy is a productive tool that both improves energy efficiency and minimizes the release of greenhouse emissions.

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