Green Energy Update – July 7, 2009

In the News

• What is becoming clear is that the fossil-fuel-fed industrial era is ending, and that the leading power of that age, the U.S., might not be able to maintain its economic dominance.

In the battle for Green Tech Supremacy, Asia is speeding ahead of the U.S. according to a recent Time Magazine profile on the International Green Tech Industry. The article outlines how Japan is dominating hybrid-car technology, China is emerging as a leader in electric cars, solar power and wind power, and the South Korean government is spending $31 billion to fund research into 27 green technologies, including non-silicon-based solar cells, biomass fuels, and carbon collection, storage and processing. Read more

• “I believe we are going to look back 10 years from now and we will pinpoint this time — in the first decade of this century — when there was this transformation of our energy markets,”

Jonathan Rhone, Nexterra President and Chief Executive Officer commenting on the company’s growth over the past few years through the development of biofuel technology. This technology has helped to reduce costs for the B.C. forest industry and propelled the Nexterra to the crest of a growing wave of green energy demand in urban North America. Read more

• When that wind turbine rises over the summer, we’ll find we’ve been given a symbol of exactly how we need to be viewed in the future: a metropolis that’s a leader in green energy and embracing new environmental technology.

Article on the 65-metre-high wind turbine that will spin its three massive 37-metre-long blades atop Grouse Mountain in Vancouver, BC. The author further comments on how British Columbia has yet to achieve its full wind potential, lagging behind the rest of Canada in harnessing wind energy, with, as of yet, no commercial electricity from wind, and being the only province with that particular status. Read more

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