Jul 03 2009

The Green Seen

Posted by: Leonard Anderson

Several items relating to the business and technology of clean energy caught our attention this week:

• Alaska is considering building small nuclear reactors to power some of its cities and reduce energy prices. A Fairbanks developer is proposing a 25-megawatt reactor designed by Hyperion Power Generation Inc. of New Mexico. The village of Galena has been working with Toshiba Corp. to build a 10-MW reactor. Both reactors would be buried underground. Alaska Gov. Sarah Palin supports the concept.
• Canada's Ontario province has dropped a $22.4 billion plan to build a nuclear power plant that would have been the first nuclear reactor constructed in North America in three decades. The province cited rising costs and uncertainty over the financial health of government-owned Atomic Energy of Canada Ltd. Ontario gets more than half of its electricity from nuclear power.
• SunPower Corp. and Wells Fargo Bank will partner to fund $100 million of solar electricity in businesses and public buildings, beginning with projects at the University of California-Merced and a waste water agency in Riverside County. Wells Fargo will finance and own the systems and SunPower will build, operate and maintain them. Customers will buy the electricity from SunPower.

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