A tweet reporting explosions at the White House appeared on the Associated Press’s official feed Tuesday afternoon, sparking a temporary sell-off that briefly wiped out about US$140 billion in market value on the S&P 500.
Tuesday’s fateful tweet appeared at 1:07 p.m. EDT. It was picked up almost immediately by investors and analytic companies scanning Twitter for key words to determine breaking news or measure sentiment. Stocks and commodities moved sharply lower and bond prices soared.
Within minutes, analytics firm Dataminr issued an alert saying the AP account was probably hacked, citing another tweet by a reporter in the White House basement.
“We see this every time this type of news comes out: liquidity evaporates quickly. High-frequency traders cancel their orders on even one little tweet,” said Dennis Dick, a trader at Bright Trading LLC in Las Vegas. Freeling-Wilkinson said analytics firms like his are more interested in looking at trends than individual tweets. “I would never recommend that anyone trades on a single tweet,” he said.
See on business.financialpost.com
Solar Wind Energy Tower, Inc. Partners with Commonwealth Dynamics, Inc.
Over the last six months, Solar Wind Energy’s design and construction management teaming partners have been diligently working on value engineering the core of our Tower structure in order to reduce cost, time of construction and utilize readily available construction materials, some of which that are indigenous to our region of construction.
See on www.digitaljournal.com
| April 25, 2013
Community power means locally owned renewable energy projects that are developed and controlled (entirely or in part) by people living in the community.
Under the second round of Ontario’s Feed‑in Tariff program or FIT 2.0, established under the Green Energy Act, 2009, community power advocates succeeded in getting a 10 per cent set aside of the available power grid capacity, being 25 megawatts, for community‑controlled groups. A hard-won victory, and, again, a small step in the right policy direction.
With the close of the FIT application window in January 2013, the Ontario Power Authority has reportedly received about 80-megawatts worth of community‑based applications, or nearly four times the space on the grid that was set aside for communities under the program.
Current Canadian renewable energy policies fail to capitalize on the massive social potential of community power. Policies must be redesigned in order to give ordinary citizens more access to control and experience the benefits of the growth of the renewable energy sector. This should involve setting larger capacity set-asides for community groups, and offering incentives for community participation, such as tax deductible investments (e.g. RRSPs), which proved effective in Denmark. It could also require multinationals to invest part of their profits into community-owned wind power, as has been proposed in the United Kingdom.
See on rabble.ca
The new challenge should be that recyclability becomes a requirement fully equal to the other performance criteria. This will help to divert substantial quantities of plastics away from landfill and
Plastic packaging recycling does not begin with collection but design. Packaging design today is focused mainly on maximizing performance. Careless design often leads to incomplete emptying of a package and what about different combinations of polymers/materials which are incompatible for an efficient recycling process?
Plastics Recyclers Europe believe that the introduction of an EU classification system will assist designers in evaluating their creations from a recyclability point of view, in the addition it will help them in choosing the best options to improve their class.
Plastics Recyclers Europe would like to invite all interested parties to join Recy Class™ and increase plastics recycling across Europe.
See on www.packagingeurope.com
/PRNewswire/ — Concerns on the growing volumes of municipal solid waste (MSW), the decreasing capacity of landfill sites, and the considerable rise in resource consumption will help sustain investments in the European waste to energy (WTE) plant…
“Waste treatment companies are gradually diverting MSW from landfill sites to use in energy generation owing to regulations on limiting landfills and incentives for lower carbon emissions,” said Frost & Sullivan Energy and Environmental Research Analyst Monika Chrusciak. “The conversion of waste to renewable energy through the application of thermal treatment technologies – increasingly viewed as an attractive solution for waste management – reduces operational costs as well.”
See on www.heraldonline.com
April 25, 2013 – NEMA endorsed HR 1465, STORAGE 2013, which promotes adoption of state-of-the-art energy storage technologies, calling this legislation “carefully crafted” in its regard for entire range of energy storage technologies. …
“Energy storage is a key enabler of the Smart Grid and is transforming the way we think about electricity,” said NEMA President and CEO Evan R. Gaddis. “By getting us beyond the need to generate electricity at the same moment as it is used, energy storage delivers greater system efficiency, enhances reliability and resiliency, and fosters integration of renewable energy.”
STORAGE 2013 would offer a 30 percent investment tax credit for energy storage used in connection with the power grid, with no project eligible to receive more than $40 million, and the total program capped at $1.5 billion. For municipal utilities and electric cooperatives, the legislation would make energy storage eligible for new clean renewable energy bonds. To promote efficiency and distributed generation in the commercial and residential markets, the bill offers a 30 percent credit (up to $1 million) for onsite application of energy storage.
See on news.thomasnet.com
IHS Inc. (Englewood, Colorado, US) has released a new report which predicts that the market for energy storage to accompany solar photovoltaic (PV) generation will grow more than 100% annually to 7 GW in 2017, representing USD 19 billion in value.
Due to the energy storage subsidy, IHS expects Germany to play a leading role, as it did in the larger PV industry. The company predicts that 70% of installed storage in 2013 will be located in Germany.
IHS expects that if the program proves successful, other nations will pass similar subsidies. …
Market for storage with utility-scale PV as well
IHS also expects that storage will be used in larger PV systems, as connection requirements for PV become increasingly demanding. The company forecasts that utility-scale PV with storage will grow to more than 2 GW annually by 2017, led by Asia and the Americas.
See on www.solarserver.com
IPVEA and EuPD Research form International Battery and Energy Storage Alliance
The newly founded alliance plans to support and enable cooperation between companies from the fields of solar energy production, electrical energy storage and smart grid technologies. Together, the members of the International Battery and Energy Storage Alliance (IBESA) will create access to professional resources, market intelligence, new networks, and emerging markets. Over 70 members of the International PV Equipment Association (IPVEA) will immediately benefit from this strong partnership.
Alongside companies in the photovoltaic, battery and solar storage sectors, IBESA is also a valuable partner for energy providers, municipal utilities, installers, consulting firms and banks. …
Interested companies can contact the International Battery and Energy Storage Alliance directly in order to become members.
See on www.solarnovus.com
Sinopec is the first company in China to master the technology of turning palm oil and waste cooking oil into jet biofuel l.
The jet, which used a palm oil biofuel made by China Petroleum and Chemical Corp, or Sinopec, Asia’s largest oil refiner, flew for 85 minutes after taking off from Shanghai Hongqiao International Airport.
Liu said he performed several extreme maneuvers, including diving above 12,000 meters, but found no significant difference between the Sinopec biofuel and gasoline. The plane’s left fuel tank was filled with gasoline to allow him to compare.
“The performance of the biofuel during the takeoff was powerful,” the pilot added.
Sinopec is the first company in China to master the technology of turning palm oil and waste cooking oil into jet biofuel.
See on news.xinhuanet.com