April 25, 2016 |
This story of entrepreneurial intrepidity can, in part, be traced to a hemorrhoid-treatment procedure. Melissa Lee witnessed one as a high school student who had convinced a family physician to let her tag along to see what being a doctor would be like. She promptly decided it was not for her. Neither, she decided, was "cubicle life," after she spent the end of her senior year interning in the finance department at Bank of New York/Mellon, where her father works. Her calling to start a business instead came while Lee was a sophomore at Rutgers University-New Brunswick, where she helped form the Rutgers Entrepreneurial Society.
November 29, 2015 |
Spanish wind-turbine maker Gamesa, whose U.S. headquarters are in Trevose, will supply 49 turbines to the New Creek Wind Farm, a 103-megawatt project that will be erected next year on a ridgeline in Grant County, West Virginia. Gamesa did not disclose a price. The wind farm is owned by Enbridge Inc., a Canadian energy delivery company with interests in about 2,000 MW of renewable energy projects. Gamesa will provide turbine operations and maintenance services under a five-year fixed-price contract, after which Enbridge will operate it. Enbridge announced Wednesday it bought the project for $200 million from its developer, EverPower Wind Holdings L.L.C., a Pittsburgh firm whose assets include four Pennsylvania wind farms.
August 29, 2015 |
As millions sought comfort in the cool sea breezes along the Jersey Shore this summer, they probably didn't know that just over the horizon, barges were hauling heavy equipment and materials to Rhode Island so it could become the first state to harness the potential of offshore wind energy. That distinction should have belonged to New Jersey, which was on track to be the national leader until Gov. Christie changed course. Five years ago, Christie signed a bill to speed creation of an offshore wind farm.
May 9, 2014 |
A proposal to build an offshore wind farm about three miles east of Atlantic City could be back in the race to become the nation's first. On Wednesday, the U.S. Department of Energy announced that the New Jersey project would receive up to $47 million in funding over the next four years - a quarter of the $188 million plan. Financial feasibility had been the main issue when, in March, the state Board of Public Utilities rejected the plan. Fishermen's Energy asked for a reconsideration, which was rejected in late April.
April 23, 2014 |
HERE'S A LOCAL story with national implications: With an average wind speed of around 12 mph, the city where I live isn't the windiest place in the country. But on many days - especially during spring and the long, hot summer - a strong, steady flow off the Gulf of Mexico makes Corpus Christi, Texas, a dependable destination for windsurfers and sailors. The energy in wind is impressive. Thus, the last half-decade has seen significant development of wind farms in the area, including the 168-turbine Penascal complex, 40 miles south of the city, and 196 turbines at the Papalote Creek installation to the north, which produces enough energy to supply 114,000 homes.
April 12, 2014 |
As business leaders and members of a congressional task force on climate change met in Washington on Thursday to discuss how they were adapting, the Ikea Group trumped them by announcing a new renewable-energy project, its biggest worldwide. Rob Olson, chief financial officer and acting president of Ikea's U.S. division, based in Conshohocken, said the company was investing in a wind farm in Hoopeston, Ill., south of Chicago. It is the company's first wind farm, to be completed in 2015.
March 21, 2014 |
New Jersey's energy regulation agency on Wednesday rejected the funding mechanism for a $188 million offshore wind farm, essentially blocking a proposal that supporters said could have made the state a leader in offshore wind. At a meeting Wednesday in Trenton, the four commissioners of the state Board of Public Utilities voted unanimously, in support of board staff's recommendation, to reject the proposal. The funding was the final necessary piece of the proposed Atlantic City Offshore Windfarm project, developer Fishermen's Energy said.
March 5, 2014 |
Wind turbines have been lauded as carbon-free energy sources, and denounced as whirring monsters that kill birds, bats, and scenic views. The twain have yet to meet. But what if wind energy could do more than just crank out electricity? What if it could blow away Mother Nature with a massive offshore array of turbines powerful enough to blunt the force of hurricanes? Researchers from the University of Delaware and Stanford University have concluded it is possible. Their computer model showed that a large wind farm off the East Coast could have have reduced the wind speed of Hurricane Sandy about 80 m.p.h., and lessened the storm surge - the flooding that ruined so many homes and businesses - up to 21 percent.
December 28, 2013 |
With a key wind-energy tax credit set to expire Wednesday, Gamesa Technology Corp., the Spanish-based wind-turbine company with operations in Bucks County, said Thursday that it had signed a "framework agreement" with EDP Renewables to produce up to 225 of its latest generation of turbines through 2016. Gamesa issued a statement saying this was the largest such agreement for its G114-2.0 Megawatt turbines. Such turbines, which cost about $2 million apiece early in 2013, are the size of a cargo container and are hoisted atop towers to produce energy from the turning blades of a windmill.