First shipment of Hurricane Ike wood goes to Twin Oaks plant
The 170 megawatt power plant is temporarily switching from coal to wood biomass to be ''greener''. Green Energy Resources is the subcontracted supplier.
The company is collaborating on multiple projects nationwide with several strategic partners seeking to gain a major U.S. market share for wood biomass. Green Energy Resources is in the process of procuring upwards of a million or more tons of wood generated throughout the region by Hurricane Ike last September. The Texas market in particular is rapidly growing and expects to add over 250 megawatts of wood powered plants over the next three years.
In another major development, the election of Barack Obama has signaled a major shift in the U.S. policy towards renewable and alternative energies. It is anticipated over the next ten years the market will increase 10 to 20 times over current capacity. The new administration has promised real commitment, including a cap and trade market for greenhouse gases
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Explainer: Europe gets ready to revamp its electricity market
STOCKHOLM - European Union energy ministers meet on Monday to debate upcoming power market reforms. Brussels is set to propose the revamp next month, but already countries are split over how to "fix" the energy system - or whether it needs fixing at all.
Here's what you need to know.
POST-CRISIS CHANGES
The European Commission pledged last year to reform the EU's electricity market rules, after record-high gas prices - caused by cuts to Russian gas flows - sent power prices soaring for European companies and citizens.
The aim is to reform the electricity market to shield consumer energy bills from short-term…
