"Future, Or Fracture?"

Last year was the year that alternative energy  was  set to take the world over.  High energy prices and election promises made green energy look like it had unlimited growth.  Then came the massive drop in energy prices. Then came the recession. Then came the lack of credit.  Combine all that with lower stock valuations and this is looking like solar companies will get hit with a wave of rolling blackouts.

Applied Materials Inc. (NASDAQ:AMAT) gave us the impression that what we are setting up for is the third wave of negatives for the sector.  What we saw out of JA Solar Holdings Co. Ltd. (NASDAQ: JASO) only adds fuel to that fire.   SunPower Corporation (NASDAQ:SPWRA) and GT Solar International Inc. (NASDAQ: SOLR) are both up since their earnings, but these might not be representative of the whole group. Investors’negative bias toward te will effect  earnings expectations for Suntech Power Holdings Co., Ltd. (NYSE: STP) next week and  First Solar, Inc. (NASDAQ: FSLR) the following week.

Applied Materials Inc. (NASDAQ:AMAT) has not been a leading  solar player in the past, but its comments illustrates the problems facing the industry. It seems far more cautious than many solar energy companies.   Applied Materials reported earnings this week and predicted that sales would not improve in the near-term. Problems are gaining in its solar operations.  While Applied sees a lot of growth opportunities, it has slowed its investment there due to lack of orders.  There was a year-over-year gain in the solar sector, but we heard a level of the solar equipment business currently being down as much as 50% in its crystalline-silicon solar sector.

Solar companies elsewhere probably do not give a hoot what Applied Materials loses or makes.  They probably don’t care about the profitability or lack there of at its solar operations either.  Not yet.  But along with factory closures, Applied said that it really doesn’t expect new contract orders in solar equipment for the next few quarters. It even gave the possibility that new solar orders might not be seen until 2010.

Shares of JA Solar Holdings Co. Ltd. (NASDAQ: JASO) are taking a beating after cutting its forecast last night.  It now sees 2009 revenue of $830 to $952 million, under analyst estimates of $993.8 million.  The commpany is not as cautious as Applied Materials, but its stock has also been more beaten up.  The company already cut its revenue projections by more than 20% in November.  JA Solar’s target for total production output is now 500 megawatts to 550 megawatts. The company’s “nameplate production capacity” is now expected to be 875MW by the end of 2009.  Shares are down “only” 8% on this because shares are down almost 90% from last year’s highs of $27.00.

SunPower Corporation (NASDAQ: SPWRA) is on the move.  It gave a positive earnings report at the end of January which pushed up the shares.  Its fourth-quarter and full-year results were above estimates, but it did lower expectations for 2009 to $1.40 to $1.90.  This was well under a prior estimate of around $3.00 but was given the “good enough for me” reception by traders looking for some growth and some value.

GT Solar International Inc. (NASDAQ: SOLR) also had earnings that were “good enough.”  It provides equipment and technology for the solar-power industry, and last week reported net income of $43.1 million or $0.30 EPS on revenue of $205.2 million.  These were huge percentage gains and earnings were above estimates. However, the company lowered sales and earnings guidance under estimates.  There have been some customers hurt by the credit and market malaise, but GT Solar  still sees growth.  Because of low valuations, the stock is up more than 35% since earnings.  It is simultaneously off well over 50% from its IPO last summer.

Suntech Power Holdings Co., Ltd. (NYSE: STP) is on deck with earnings next Friday.  The company raised its 2008 targets at the end of January, but said it sees impairment charges on investments.  The good news is that shares are up close to 10% since its January 23 guidance.  It also also suspended hiring 2,000 workers. This is in addition to already announced 800 workers.

What does that say for expectations in 2009?  Analysts are looking for an earnings decline on a slight revenue increase.  Those estimates have been rocked sharply lower over the last 90 days, and we are not sure that traders are going to take it too well if the company posts the losses expected as -$0.25 EPS for Q4-2008 and an expected -$0.02 for Q1-2009.

First Solar, Inc. (NASDAQ: FSLR) is one of the Holy Grail companies in the sector.  It is set to report earnings on February 24. Shares are currently around $140.00, well off of the $300+ highs.  But the stock is also up more than 60% from the lows just over $85.00 in November.  We have seen too many cracks in numbers elsewhere to agree with the long-term guidance or the analyst estimates.  The December 2008 quarter estimates of $1.30 EPS were $1.32 3-months ago.  The fiscal December-2009 estimates are $7.03 and that was $7.38 about 90 days ago.  Analysts have revenue estimates for last year at $1.22 billion and $1.99 billion for 2009.  Does more than 50% revenue growth and nearly 75% earnings growth sound overly optimistic?  It is possible, but there seems to be more risk of “errors to the downside” than positive surprises.

Right now there is a crack in the solar sector.  Shares have already been punished.  And punished hard.  But we are also seeing a run here on what is not good news, and in some cases, the stocks have been unfairly punished.

So we are very cautious on the sector. Guidance which may still be too aggressive.  Obama’s plans mayoffer some support if things start to get too bad.  The sector can’t implode.  But the two largest problems are lack of financing for many new projects and the notion that green energy projects are not at all competitive with energy prices anywhere around the current levels.

The ETF for the solar sector is the Claymore/MAC Global Solar Energy (NYSE: TAN) and it shows all of the sector woes in one spot.  This ETF volume has started drying up, and at $7.17 you can probably guess that it has been a dismal performer.  Its 52-week trading range is $5.40 to $30.79.  The sector will again have a day in the sun.  But the economy and credit markets need to be better, and ultimately it really does look like lower energy prices take away many of the ambitions of alternative energy.

Jon C. Ogg
February 12, 2009

General Electric (NYSE: GE) disclosed that it entered into a more than $700 million supply pact for more than 500 megawatts of renewable wind energy with Renewable Energy Systems Americas Inc., an Austin, Texas, wind developer, with wind turbines for projects in 2009 and 2010.

We’d also note that last night Jim Cramer interviewed presidential candidate Hillary Clinton, and they briefly discussed "all renewables" as a solution to dependence upon foreign oil.  No mention was made of nuclear though.

We saw some key downgrades in the solar sector yesterday out of Banc of America.

Raser Technologies, Inc. (NYSE Arca: RZ) signed a memorandum of understanding with Tecstar, LP and Wheel to Wheel, LLC, outlining their intent to work together with Raser to manufacture plug-in hybrid electric vehicles (PHEV) for utility, government, and other fleets.

Clean Coal Technologies, Inc. (Pink Sheets:CCTC) signed an agreement with The Benham Companies, LLC, a subsidiary of Science Applications International Corporation or SAIC, inc. (NYSE: SAI) to support commercialization of CCTI’s coal cleaning plants in China.

Ascent Solar Technologies Inc. (NASDAQ: ASTI) and ITOCHU Corporation of Japan announced that the companies will begin work toward the development of one or more strategic cooperation relationship in machinery for Ascent Solar’s planned 100 MW manufacturing facility, raw materials for solar modules, future distribution of Ascent Solar products in Japan, and more.

Tetra Tech, Inc. (NASDAQ:TTEK) was awarded three wind energy projects for engineering, procurement, and construction services totaling about $150 million by western utility PacifiCorp. Work on the three projects will begin immediately and is expected to end in December 2008.

As a reminder, whether you prefer the term "Global Warming" or "Climate Change" is not the issue as far as 247WallSt.com covers it. Green business has become big business, and this affects many public companies today.

Jon C. Ogg
February 28, 2008

Capstone Turbine (NASDAQ: CPST) scored another small gain of 2% or 3% before coming off at the end of the day, after a huge run yesterday.  This remains our own top pick of the small emerging alternative energy players, and this now represents a 50% gain for our "10 Stocks Under $10" weekly newsletter sent out every Monday. 

FPL Group Inc. (NYSE: FPL) had a power outage today in much of South Florida for what was being reported as "a loss of off-site power" without the cause being elaborated on besides workers taking the nuclear reactor down.

USEC (NYSE: USU) was horrible today, and many of you might not like "nuclear" as one of our "green" energies.  But a new uranium enrichment facility in Ohio is running 50% more expensive than budget.  Sounds to me like someone forgot to hedge steel and metals costs.

In an announcement last night, electric car maker ZAP (OTCBB:ZAAP) said it has filed a lawsuit against DaimlerChrysler, Smart Car and various officials on October 28, 2005, alleging severe misconduct attempting to destroy ZAP’s business model to bring the affordable and environmentally friendly smart for two to the US public.

Fuel-Tech, Inc. (NASDAQ: FTEK) reports earnings next week, and this one has had one heck of time getting off the floor.  It is a great company that helps clean coal into much less nasty power, but its valuations may still be excessive in a time when low-risk is still preferred.  Coal is unfortunately going to be with us for another generation or more.

T. Boone Pickens gave a prediction that oil was coming off as much as $15/barrel in Q2 just last week.  He admitted he was short, but we were told by some oil traders this last weekend that his fund is doing far worse than his -5% he admitted to in energy.

High Velocity Alternative Energy Corp. (OTC-PK: HVAG) lost half of its value after filing for Chapter 11 bankruptcy last night.  That’s the wrong way to go for an alternative energy play, and it is obviously poor management that can’t make alternative energy fly in this environment.

Point Carbon, a world-leading provider of independent analysis and consulting services, has predicted that the global carbon market will see 4.2 billion tons carbon emissions transacted during 2008, up 56% from 2007, and at today’s prices that would make the market worth $92 billion after converting Euros.

As a reminder, whether you prefer the term "Global Warming" or "Climate Change" is not the issue as far as 24/7 Wall St. covers it. Green business has become big business, and this affects many public companies today. 

Jon C. Ogg
February 26, 2008

General Electric (NYSE:GE) announced orders for 20 Jenbacher Gen-Sets, 4 LMS 100 Gas Turbines for Latin American power companies, and 333 wind turbines in two U.S. states.

Yingli Green Energy Holding Company Limited (NYSE: YGE) priced its offering of US$150,000,000 zero coupon convertible senior notes due 2012 and the pricing of a concurrent offering of 5,600,000 American depositary shares by certain shareholders of the Company.

Amtech Systems, Inc. (NASDAQ: ASYS) received a $3.9 million follow-on solar order for diffusion processing systems from an existing solar cell customer based in Taiwan.

Yesterday, Gulf Ethanol (OTC: GFET) signed definitive agreements to acquire its new cellulose feed-stock processing technology for ethanol plants.

Just yesterday, Lazard Capital Markets reiterated its SELL rating on LDK Solar (NYSE: LDK) despite it being up large on a questionable supply order.

Active Power, Inc. (NASDAQ:ACPW) announced yesterday that the S.E.C. has completed its investigation into the company’s past stock option granting practices and is not recommending any enforcement action.

Yesterday, Morgan Stanley (NYSE: MS) invested in a $200 million staged solar project fund in Recurrent Energy to provide financing for $100mm of Recurrent Energy’s solar electric power projects in 2008 and an additional $100mm in 2009.

Jon C. Ogg
December 11, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Lazard Capital gets even more bullish on key solar names, after already showing some strong expectations earlier this week.  You still have to use some caution though, as per the Cowen & Co. research note on China Sunergy (NASDAQ:CSUN) having its stock being overextended.

Google blew past its earnings and analysts are looking for much higher stock prices, so it has more and more money to keep it push going to be ‘carbon neutral’by the end of the year.

Oil hit $90/barrel this week, T. Boone Pickens is now calling for $100/barrel.  Believe it or not, he’s not alone:

• PetroChina (NYSE:PTR) has surpassed GE to be the second largest company by market cap.
• Recently Goldman Sachs issued a higher "Super-Spike" target noting oil could hit $135/barrel and $4.50/gallon.
• GE is becoming a stealthy oil company.
• Ken Heebner is still quite bullish on black gold as well.

Millennium Cell Inc. (NASDAQ:MCEL) and Horizon Fuel Cell Technologies Pte. Ltd have signed a Letter of Intent to jointly develop and sell products on a global basis. The companies have also entered into a definitive agreement which will result in the exchange of their respective equity valued at $5 million.

Ascent Solar Technologies, Inc. (NASDAQ:ASTI) has filed with the Securities and Exchange Commission post-effective amendments to two existing Form SB-2 registration statements that cover, among other things, the shares of common stock issuable upon exercise of outstanding Class B warrants. Today’s filings do not register additional securities for sale by Ascent Solar, but are intended solely to convert the existing registrations on Form SB-2 into less burdensome and less costly registrations on Form S-3.

Capstone Turbine Corp. (NASDAQ:CPST) has released a 65 kilowatt microturbine that meets extremely low global emission requirements including California’s stringent distributed generation emissions standard.

CMGI Inc.’s (NASDAQ: CMGI) @Ventures announced that one of the companies in its venture capital portfolio, The Generations Network, Inc. will be acquired by Spectrum Equity Investors. Under the terms of the agreement, Spectrum will lead an investment of $300 million to purchase a majority interest in the company.

U.S. Energy Systems, Inc. (NASDAQ: USEY)…. The NASDAQ Stock Market will delist the Company’s shares of common stock and suspend trading in the shares effective with the opening of trading on Thursday, October 18, 2007. The Company has been advised that its shares are eligible for quotation on the Pink Sheets Electronic Quotation Service.
Business Week article touts the "green business notion of profitability is going up in smoke."
The early-week edition of "The Business Day In Global Warming"
If you wish to subscribe directly to this link please set your RSS feeds to:
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Jon C. Ogg
October 19, 2007

Jon Ogg produces the subscriber-based Special Situation Investing Newsletter; he does not own securities in the companies he covers.  Trial members signing up this weekend will still be entitles to view the first part of our "Small Cap Internet Watch List" of likely takeover targets in the sector.

As a reminder, whether you prefer the term "Global Warming" or "ClimateChange" is not the issue as far as 24/7 Wall St. covers it. Greenbusiness has become big business, and this affects many publiccompanies today.

FPL Group, Inc. (NYSE:FPL) asked the Public Service Commission to agree on the need for 2 new Nuclear (or Nukular) generating plants.

TrendSetter Solar Products, Inc. (Pink Sheets:TSSP), an alternative energy manufacturing company of state-of-the-art solar hot water systems, solar hot water heating and storage systems, announced today that on Friday, October 12, 2007, California Governor Arnold Schwarzenegger signed a package of legislation furthering his commitment to energy efficiency, conservation and pollution reduction….. That is just a noise press release.

LDK Solar (NYSE:LDK) rose 3% at one point after being awarded a saolar supply pact from Saifun Solar (NASDAQ:SFUN).

Jefferies & Co. (NYSE:JEF) announced it is hoting its 4th Global Clean Technology Conference in London on 18 October.  Companies in attendance will include BP p.l.c., ersol Solar Energy AG, Renewable Energy Corporation ASA, and THEOLIA. The conference keynote speech will be given by Jim Lyons, Chief Engineer of General Electric Company and founder of GE’s wind energy division.

OCTOBER 15, 2007

Yesterday, Alcoa (NYSE:AA) announced that products from two of its Building and Construction Systems businesses – Kawneer Company and Alcoa Architectural Products – are used extensively by a team from Georgia Institute of Technology in the 2007 Solar Decathlon now taking place in Washington, D.C.

Solar Power, Inc. (“SPI”) (OTCBB:SOPW) has completed work on one of the region’s largest photovoltaic (“PV”) solar electric systems. The 400 kilowatt (“kW”) system will provide a majority of the electricity required to power the 43,195 sq. ft. Placer County juvenile detention facility which can accommodate 27,375 bed-nights annually.

WorldWater & Solar Technologies Corp. (OTC BB: WWAT), developer and marketer of proprietary high-power solar systems, and ENTECH, Inc. of Keller, Texas, a high tech supplier of solar technology to NASA for space operations, announced that they have signed an extension of their Letter of Intent (LOI) to merge from October 15, 2007 to November 30, 2007 pending final signatures of the Merger Agreement.

• T. Boone Pickens oil magnate still bullish and he’ll be on CNBC Wednesday;
• Goldman Sachs September Energy Super-Spike raised $135/barrel and $4.50/gallon.
• Oil hit $87 today, on its way to $100;
• $90 oil by Christmas?

If you wish to set an RSS feed to our daily "The Business Day in Global Warming" and other news we cover from time to time in alternativeenergy, you can set it the following URL:
http://www.247wallst.com/alternative_energy/index.html

As a reminder, whether you prefer the term "Global Warming" or "ClimateChange" is not the issue as far as 24/7 Wall St. covers it. Greenbusiness has become big business, and this affects many publiccompanies today. 

Jon C. Ogg
October 16, 2007

UPS (NYSE:UPS) is adding 306 alternative fuel vehicles to its “green fleet” by placing an order for 167 Compressed Natural Gas (CNG) delivery trucks while taking delivery of 139 new propane delivery trucks in North America. Additionally, the company has launched an initiative to use biodiesel fuel in its ground support vehicles at the UPS Worldport® air hub in Louisville.  Maybe BROWN really can be GREEN.

LDK Solar’s (NYSE:LDK) woes in China over its reporting on inventories continues…..down another 25% today. Lazard Capital Markets’Sanjay Shrestha lowered his price target on Energy Conversion Devices (NASDAQ:ENER) from $44.00 down to $40.00 (current was $26.50); and increased his Buy rating target on Otron (NASDAQ:ITRI) from $95 to $115, and reiterated the Buy rating and $37 target on Comverge (NASDAQ:COMV).

FROST & SULLIVAN: "Hydrogen Economy: Hype or Potential Reality?"

Late last week, Beacon Power Corporation (NASDAQ: BCON) was notified bythe U.S. Department of Energy that the Company was one of sixteenselected from 143 company applications to submit a full application fora DOE program that would provide loan guarantees to commercial lendersfor up to 80% of the project debt needed to finance the construction ofits first 20-megawatt flywheel frequency regulation plant.

• Last Week’s "The Business Day in Global Warming"
• T. Boone Pickens oil magnate still bullish;
• Goldman Sachs September Energy Super-Spike raised $135/barrel and $4.50/gallon.

If you wish to set an RSS feed to our daily "The Business Day in GlobalWarming" and other news we cover from time to time in alternativeenergy, you can set it the following URL:
http://www.247wallst.com/alternative_energy/index.html

As a reminder, whether you prefer the term "Global Warming" or "ClimateChange" is not the issue as far as 24/7 Wall St. covers it. Greenbusiness has become big business, and this affects many publiccompanies today. 

Jon C. Ogg
October 8, 2007

SatCon Technology Corporation® (NASDAQ: SATC) announced that it has been awarded a $2 million contract by the Air Force Research Laboratory to develop the complete electric power conversion package for a hybrid electric vehicle for special operations applications.

ECOtality, Inc. (OTCBB: ETLY) has completed the acquisition of InnergyPower Corporation. Innergy Power is a leader in the design andmanufacture of thin sealed rechargeable lead batteries and high qualityflat-panel multi-crystalline solar modules.

Babcock & Brown and BP Alternative Energy, part of BP plc (NYSE:BP)announced that Colorado Governor Bill Ritter today dedicated the CedarCreek wind farm. When fully operational, the 300 megawatt (MW) CedarCreek wind farm will be one of the largest single wind-power facilitiesin the United States.

Canadian Solar Inc. (NASDAQ:CSIQ), based in China, signed a contract toprovide solar modules to supply American Capital Energy with solarmodules for an undisclosed financial amount.

Germany has recently boosted the proportion of renewable energy as asource for heat production from 6% to 14% by 2020, although this wasnoted as either known or expected.

Yesterday, Applied Materials (NASDAQ:AMAT) was featured in InvestorsBusiness Daily come out with an advance that could lower the cost ofmaking solar panels.

Yesterday, an upgrade from Lazard Capital Markets helpedshares of First Solar Inc. (NASDAQ:FSLR) rally past the $125.00target.  As one of the biggest winners of last quarter, First Solar wasalso a winner from the fund manager window dressing at the end of the quarter.

It is obvious that if you compare today’s and yesterday’s news to lastweek, it looks like many companies were issuing releases last weekaround the Clinton initiatives and around the UN meetings regardingclimate change or global warming.

• Last week the esteemed Ken Heebner talked up energy prices;
• T.Boone Pickens was also recently bullish on energy and on his alternative energy play;
• Goldman Sachs recently hiked its super-spike range for oil to $135/barrel and $4.50/gallon.

Jon Ogg
October 2, 2007

If you wish to set an RSS feed to our daily "The Business Day in Global Warming" and other news we cover from time to time in alternative energy, you can set it the following URL:

http://www.247wallst.com/alternative_energy/index.html

As a reminder, whether you prefer the term "Global Warming" or "ClimateChange" is not the issue as far as 24/7 Wall St. covers it. Greenbusiness has become big business, and this affects many publiccompanies today.   

Raser Technologies, Inc. (NYSE Arca: RZ) announced today that it has added to its geothermal rights in the Escalante Desert in southwestern Utah through a 10 year lease agreement with a private property owner for undisclosed financial terms.

National Grid (NYSE: NGG) has welcomed plans by the MassachusettsDepartment of Environmental Protection (DEP) to introduce auctions forCO2 allowances across the state that are being developed in support ofthe Regional Greenhouse Gas Initiative (RGGI) that was endorsed byGovernor Patrick earlier this year.

Veolia Water, part of Veolia Enrinnment SA (NYSE:VE) Won a contract to Supply 3 Million inhabitants with drinking water in Tianjin, China.  From what we’ve read, they need it.

ConocoPhillips (NYSE:COP) and Archer Daniels Midland (NYSE:ADM) have announced a new alliance to develop next generation biofuels.  Expect more and more announcements of this sort from oil comnpanies.  You don’t think any of them are going to say "No we’re not interested because we only are interested in oil."  They might feel that way today, but at the end of the day oil companies are just energy companies.

Hitachi Power Systems America, Ltd., of Hitachi America, Ltd. andpart of Hitachi (NYSE:HIT), has been awarded a contract to design andsupply a Selective Catalytic Reduction system for Hudson GeneratingStation-Unit 2, a part of PSEG Power’s generation fleet totaling morethan 13,500 MW of electric capacity. Hitachi is working with ShawGroup’s (NYSE:SGR) Stone & Webster for part of this project.

PowerSecure International, Inc. (Nasdaq:POWR) has launched a newsubsidiary, EfficientLights, that will design and manufacture lightingsolutions specifically aimed at substantially reducing the energyconsumed in lighting grocery stores. This isn’t entirely green energy,but it’s more efficient than today.

This is from last night, but CMGI Inc.’s @Ventures portfolio companycalled 212 Resources , has secured a $250 Million credit facility fromGE Energy Financial Services, part of GE (NYSE:GE).

Chevron Energy Solutions, a unit of Chevron Corporation (NYSE: CVX),today announced that it has begun engineering and construction of amajor energy efficiency project at three Shawnee County buildings thatis expected to save county taxpayers $7.5 million and lower carbondioxide emissions by 71,000 metric tons over the next 20 years.

The Clinton Global Initiative (CGI) announced today that eightutilities — Con Edison, Duke Energy, Edison International, GreatPlains Energy, Pepco Holdings, PNM Resources, Sierra Pacific Resourcesand Xcel Energy — are committed to seeking regulatory reforms andapprovals to increase their investment in energy efficiency by $500million annually to about $1.5 billion annually.

• Yesterday in  "The Business of Global Warming"
• T. Boone Pickens still an oil and alternative energy bull
• Goldman Sachs recently lifted its oil super-spike price to $135 per barrel
• Ethanol Stocks Drowning in their own tanks
• Other ethanol stock downgrades

Jon C. Ogg
September 27, 2007

As a reminder, whether you prefer the term "Global Warming" or"Climate Change" is not the issue as far as 24/7 Wall St. covers it.Green business has become big business, and this affects many publiccompanies today. 

Magnetek, Inc. (NYSE:MAG) has received orders from United Technologies (NYSE:UTX) for PCS-2C and -2D fuel cell power inverters totaling 2.4 megawatts in a contract valued at approximately $1.3 million scheduled for delivery over the coming 8 months.

FPL Group, Inc. (NYSE:FPL), the Florida Power & Lighting parent, announced today a $2.4 billion investment program aimed at increasing U.S. solar thermal energy output and reducing carbon dioxide emissions that contribute to global warming: up to $1.5 billion in new solar thermal generating facilities; Investment of up to $500 million by FPL to create a smart network that will provide its 4.5 million customers with enhanced energy management capabilities; and a new consumer education program and new products that could increase renewable energy resources by at least $400 million over the first five years of the program.

Beazer Homes (NYSE:BZH) becomes a principal sponsor for Georgia Tech Solar Decathlon 2007.  For some reason, it seems they’ll still have bad home sales.

Planet Resource Recovery, Inc. (PINK SHEETS: PRRY) announced today that it has delivered its first shipment of PetroLuxus™ 600 for the treatment of biodiesel that will streamline the production of biodiesel in a cost-effective and time-efficient manner.

Calpine Corporation (Pink Sheets: CPNLQ) received final approval today from the California Energy Commission (CEC) to construct the 600-megawatt Russell City Energy Center in Hayward, Calif.

Dell (NASDAQ:DELL) today said it will become the first computer maker to neutralize its greenhouse gas emissions. CEO Michael Dell announced a series of measures to shrink the company’s carbon footprint and offset  its greenhouse gas emissions in 2008.

ING (NYSE:ING) announced today the next phase of its worldwide sustainability commitment by agreeing to
purchase clean, emission-free wind energy credits for its U.S. operations.

• While the United Nations meets, Industry Executives Speak Out onClimate Change and Energy Security in the Latest Issue of World EnergyMagazine
• September 25 Business Day in Global Warming
• Oil Baron T. Boone Pickens bullish on oil and alternative energy
• Goldman Sachs raised super-spike oil price band to $135.00/barrel

Jon C. Ogg
September 26, 2007

As a reminder, whether you prefer the term "Global Warming" or"Climate Change" is not the issue as far as 24/7 Wall St. covers it.Green business has become big business, and this affects many publiccompanies today.