Deep below the surface of several western states, companies are drilling wells to reach hot rock. By connecting these wells to fractured rock which water can flow through, it creates a heat-exchanger that produces hot water or steam to run electric generators at the surface.
This new technology, borrowed from natural gas drilling techniques, is called [...]
Whole Foods Market (WFMI) a grocery store chain focused on premium, organic foods is trading higher today after reporting yesterday that it had earned 32 cents a share, increasing 32% from a year ago, beating out forecasts for profits of 28 cents a share.
Identical store sales, excluding five relocations and two major expansions, increased 2.5%. [...]
JinkoSolar (JKS), a China-based manufacturer of silicon wafers, solar cells and solar modules, is expected to price its IPO this week. The company said it would use the proceeds from the IPO of $64.2 million for research and development, expand manufacturing and for working capital. Offering: 10.6 million shares at $6-8 per share.
Underwriters include Goldman [...]
News of Obama’s biofuels plan caused spikes in producers Verenium (VRNM) and Pacific Ethanol (PEIX) on Wednesday, however they lost ground today after their pops.
In Obama’s State of the Union, he made a call for investment in “clean energy”, listing nuclear, clean coal, oil and gas drilling, and biofuels (I’m still not sure how those [...]