November 2009 Archives

One of the Largest University Biomass Installations Part of Program to Reduce Utility Costs and Carbon Footprint

EIU will finance the improvements and use the savings, guaranteed by Honeywell through a 20-year performance contract, to pay for the work. As a result, the program will not place a burden on the university's budget, or require additional taxpayer dollars or student fees.

The upgrades will impact all facilities on the 320-acre campus, and significantly curb the university's energy use and greenhouse gas emissions. For example, they will reduce electricity consumption by an estimated 6.2 million kilowatt-hours per year -- enough energy to power more than 580 homes annually. Carbon dioxide emissions will also decrease by nearly 20,000 metric tons each year. According to figures from the U.S. Environmental Protection Agency (EPA), this is equivalent to removing more than 3,600 cars from the road.

"Like many universities, our list of needs across campus is much larger than the financial resources available," said Bill Perry, president of Eastern Illinois University. "This program allows us to make critical improvements and keep our facilities comfortable and functional for years to come. Plus, we're able to reduce our carbon footprint at the same time. It's an ideal solution for the university and surrounding community."

The focal point of the program is the construction of a new steam plant on the southeast corner of campus that will be driven by two large biomass gasifiers, the first application of this technology in the region. The plant will use wood chips sourced from the local logging industry to generate steam and heat buildings on campus. And it will replace the university's aging steam plant, which is inconveniently located in the center of campus, consumes more than 10,000 tons of coal per year and requires constant maintenance.

Through biomass gasification, the wood chips are heated in an airtight, oxygen-deprived chamber until they break down to create a synthetic gas that burns similar to natural gas. The gas is then used to fire the boilers, giving the university a carbon-neutral solution for heating its facilities. As a result, all of the steam heating load for the university will be met through a renewable resource.

EIU chose the biomass system based on input from the Honeywell Renewable Energy Scorecard, a first-of-its-kind selection tool that analyzes location-specific details to pinpoint the technology with the most significant environmental and economic drivers.

As part of the new plant, Honeywell will also install a small turbine that uses excess steam
to produce electricity. The turbine is expected to generate more than 2.9 million kilowatt-hours of electricity per year, reducing the amount of energy the university purchases from the grid and providing another environmentally friendly energy source.

Additional conservation measures include:

  • Retrocommissioning all mechanical systems on campus to ensure efficient operation;
  • Constructing a new high-voltage switch yard to consolidate two intake points for electricity, which will lower the university's utility rates.
  • Updating the chilled water system to provide more flexibility in determining which chillers to use for its cooling needs;
  • Replacing windows at five residence halls with double-pane insulating glass;
  • Upgrading lighting fixtures and installing occupancy sensors throughout campus to help reduce energy use;
  • Retrofitting plumbing systems to conserve water use;
  • And sealing building envelopes to prevent the loss of warm and cool air.

Honeywell will also provide ongoing commissioning, and measurement and verification as part of the contract. The upgrades are expected to be complete by end of 2012.

"Using renewable energy not only delivers environmental benefits, it can also generate economic payback," said Paul Orzeske, president of Honeywell Building Solutions. "Through guaranteed energy savings, organizations like Eastern Illinois University can make investments in their facility infrastructure and reduce carbon dioxide emissions without impacting the bottom line." 

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.

SOURCE Honeywell

November 21, 2009 / category: Alternative Energy / link / comments (0)
Iron Creek Capital Corp. (TSX-V: IRN) is pleased to report the drilling results from the Vaquillas Prospect which is part of the Victoria Joint Venture with Hochschild Mining Holdings Ltd. ("Hochschild"). Hochschild completed 14 holes for a total of 3,869 meters. These results together with drilling results from Mena Resources Inc. (2005) and Minera Rayrock (1994) suggest that the Vaquillas Prospect has potential for high-grade gold/silver veins, as well as bulk-tonnage low-grade gold/silver mineralization.

Vaquillas Prospect Overview

The Vaquillas Prospect is a structurally controlled gold/silver system hosted within andesitic lavas flows, tuffs and rhyolitic volcanic breccias centered on the old Vaquillas silver mine. The Vaquillas Prospect is located in a 2.5 km long x 1 km wide dilational jog between the Vaquillas and Cenizas fault segments of the Domeyko fault zone. The Vaquillas fault system appears to be the main control for the mineralization which strikes north-northwest and dips back to west. In addition, west-trending and northwest-trending crosscutting faults and veins appear to be an important control for high-grade mineralization observed in some of the drill holes.

Summary of Results

Recent drilling confirms continuity of disseminated gold silver mineralization. Drill hole VVQRC09013 was inclined to the west and believed to have been drilled down the plunge of the mineralization from 0 to 273 meters. The drill hole was mineralized from the top of the hole to the bottom and has an average grade of 1.0 g/t Au and 16.0 g/t Ag, including an interval of 16 m of 3.1 g/t Au and 35.0 g/t Ag from 184m to 200 m. In 2005, Mena drilled VQ009 (inclined to the east and on the same section as Hochschild drill hole VVQRC09013) which cut the main mineralizing structure intercepting 94 meters of 0.6 g/t Au and 19.1 g/t Ag.

Hochschild drill holes VVQRC09001 through VVQRC09006 intercepted broad zones of strongly anomalous gold and silver mineralization (from surface to approximately 250 meters) with values ranging from 0.1 gram per tonne (g/t) to in excess of 1 g/t gold. Examples of these broad, strongly anomalous zones include VVQRC09001 grading 0.32 g/t over 77 meters, VVQRC09002 grading 0.41 g/t over 105 meters, VVQRC09003 grading 0.55 g/t over 46 meters and 0.45 g/t over 86 meters, and VVQRC09004 grading 0.55 over 100 meters.

Additionally, Hochschild drill holes intersected high-grade gold veins within the lower grade material. Highlight results include 4 meters at 3.3 g/t Au and 580.5 g/t Ag (VVQRC09002); 2 meters at 19.4 g/t Au and 39.0 g/t Ag (VVQRC09003); 1 meter at 4.9 g/t Au and 60.9 g/t Ag (VVQRC09005); and 1 meter at 7.6 g/t Au (VVQRC09012) Continuity of these veins was not part of this first pass drilling.

The following table summarizes the Hochschild and Mena (2005) VQ009 results:

    -------------------------------------------------------------------------
    Drill Hole      Map       From   To       Interval    Au      Ag    Au Eq
                    #        (m)   (m)        (m)    (g/t)   (g/t)    (g/t)
    -------------------------------------------------------------------------
    VVQRC09001       H1        208   209          1      4.3       -       -
    -------------------------------------------------------------------------
                               213   220          7      1.2    17.7    1.52
    -------------------------------------------------------------------------
    VVQRC09002       H2        195   216         21      1.1   128.5    3.44
    -------------------------------------------------------------------------
      including                204   208          4      3.3   580.5   13.85
    -------------------------------------------------------------------------
    VVQRC09003       H3         74    76          2      2.2    17.7    2.52
    -------------------------------------------------------------------------
                               110   112          2     19.4    39.0   20.11
    -------------------------------------------------------------------------
                               188   189          1      3.4    21.2    3.79
    -------------------------------------------------------------------------
    VVQRC09004       H4        122   128          6      1.1    10.9    1.30
    -------------------------------------------------------------------------
                               132   151         19      1.0     5.9    1.11
    -------------------------------------------------------------------------
                               169   178          9      1.3     5.1    1.39
    -------------------------------------------------------------------------
    VVQRC09005       H5         40    41          1      4.9    60.9    6.01
    -------------------------------------------------------------------------
    VVQRC09006       H6         43    47          4      0.9    22.2    1.30
    -------------------------------------------------------------------------
                                59    64          5      0.8    11.4    1.01
    -------------------------------------------------------------------------
                                85    88          3      1.5    50.2    2.41
    -------------------------------------------------------------------------
    VVQRC09007       H7         30    34          4      1.4    64.7    2.58
    -------------------------------------------------------------------------
    VVQRC09008       H8         98   105          7      1.0     1.6    1.03
    -------------------------------------------------------------------------
    VVQRC09009       H9         15    24          9      1.0     1.2    1.02
    -------------------------------------------------------------------------
                                95    96          1      3.9     2.3    3.93
    -------------------------------------------------------------------------
    VVQRC09010      H10  No significant results
    -------------------------------------------------------------------------
    VVQRC09011      H11  No significant results
    -------------------------------------------------------------------------
    VVQRC09012      H12         23    24          1      7.6     0.2     7.6
    -------------------------------------------------------------------------
    VVQRC09013      H13          0   273        273      1.0    16.1    1.29
    -------------------------------------------------------------------------
      including                  0    20         20      1.0     2.9    1.05
    -------------------------------------------------------------------------
      including                 56   106         50      1.2    30.9    1.76
    -------------------------------------------------------------------------
      including                119   127          8      0.7     7.2    0.80
    -------------------------------------------------------------------------
      including                134   140          6      1.6    33.8    2.21
    -------------------------------------------------------------------------
      including                156   165          9      1.3    25.8    1.77
    -------------------------------------------------------------------------
      Including                167   273        106      1.4    19.8    1.76
    -------------------------------------------------------------------------
    VVQRC09014      H14  No significant results
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    VQ009            M9         82   176         94      0.6    19.1    0.95
    -------------------------------------------------------------------------
      including                 88    90          2      1.2    32.1    1.78
    -------------------------------------------------------------------------
      including                108   110          2      0.7   186.0    4.11
    -------------------------------------------------------------------------
      including                130   132          2      1.4     8.6    1.56
    -------------------------------------------------------------------------
      including                162   164          2      1.1    11.1    1.30
    -------------------------------------------------------------------------
      including                172   174          2      1.7     5.8    1.81
    -------------------------------------------------------------------------

    Note: Silver equivalency estimates were derived using a silver-to-gold
    ratio of 55:1. The widths reported are the length of the drill core
    intersection as the true orientation of the mineralization has not been
    established.

Drill holes VVQRC09013 and VQ009 confirm that the mineralized zone is over 90 meters wide and extends to a depth of at least 250 meters. Drilling by Hochschild and Mena also shows that mineralization extends for over 1000 meters along strike. The zone is open at depth as well as to the south-southwest. Several of the higher grade intercepts appear to coincide with west-northwest cross-cutting structures identified from the ground magnetic survey. The potential exists to extend the target areas along strike of these structures. Based on these encouraging results, Hochschild executed a second phase of drilling that was completed on November 14th totaling 2,490 meters in 9 holes. Complete drill results are expected by year end.

Included with this release is a map of all the drill holes completed at the Vaquillas Prospect as well as a cross section. For purposes of simplifying the map and cross section, all Hochschild holes have been labeled as H1, H2 etc and all Mena Holes have been labeled as M1, M2, etc. The map, cross section and a list of the drill results will be posted on the Company's website at www.ironcreekcapital.com. For additional information on Vaquillas and all the work completed prior to the Hochschild JV, please refer to NI43-101 report which can be found on SEDAR as well as on our website.

Hochschild Joint Venture

Hochschild has the option to acquire a 60% interest in the Victoria Project, by incurring US$6.0 million in exploration expenditures by December 31, 2013. Of the $6.0 million, Hochschild has a firm commitment to incur $750,000 by December 31, 2009 (which they have completed).

QA/QC Program

The Vaquillas Program is managed by Hochschild. Terra Service SA, an independent drilling contractor, was used to complete the drilling program. Hochschild's samples were collected in accordance with accepted industry standards and best practices. The samples were submitted to ACME Laboratories in Santiago, Chile, for analysis. As standard procedure, Hochschild conducts routine quality-assurance and quality-control analysis on all assay results, including the systematic utilization of certified reference materials, blanks and field duplicates.

About Vaquillas Property

The Vaquillas Property covers approximately 45,000 hectares (including the Victoria JV with Hochschild) and is prospective for copper and precious metal mineralization. The Company is currently looking for a joint venture partner for the southern portion of Vaquillas (referred to as Vaquillas Sur) which is prospective for copper mineralization and bulk-tonnage, low-grade gold mineralization.

Qualified Person: Demetrius Pohl, P. Geo., is the Company's Qualified Person as defined by National Instrument 43-101, and is responsible for the accuracy of the technical information in this press release.

    ON BEHALF OF THE BOARD

       "Michael Winn"
    Michael Winn, President

         Neither the TSX Venture Exchange nor the Investment Industry
       Regulatory Organization of Canada accepts responsibility for the
                     adequacy or accuracy of this release

                          Forward-Looking Statement
                          -------------------------

Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Iron Creek Capital Corp. Actual results may differ materially from those currently anticipated in such statements.

SOURCE Iron Creek Capital Corp.

November 20, 2009 / category: Drilling / link / comments (0)

An indirect wholly-owned pipeline subsidiary of CenterPoint Energy, Inc. (NYSE: CNP) and NextEra US Gas Assets, LLC, an affiliate of FPL Group, Inc. (NYSE: FPL), today announced that they have signed a joint development agreement to explore the construction of a pipeline in north Louisiana to transport natural gas from the expanding Haynesville Shale area. An upcoming open season will be held to gauge market interest in the proposed new pipeline.

The capacity of the potential new pipeline would be up to 2.0 billion cubic feet per day and would connect Haynesville Shale natural gas production to markets in north Louisiana and CenterPoint Energy's Perryville Hub.

"Gas production in north Louisiana, including the rapidly developing Haynesville Shale, remains robust and we are committed to finding a solution to assist producers with Haynesville and north Louisiana acreage to create another pipeline option for their production," said Greg Harper, senior vice president and group president of CenterPoint Energy's Pipeline Group.

Larry Wall, president of NextEra US Gas Assets, LLC, said, "We believe there is a tremendous need to enhance the existing infrastructure in the rapidly expanding Haynesville Shale area. We are pleased to be partnering on this project with CenterPoint Energy, a company with a proven track record of executing expansion projects in this area."

The specific facilities required will be a function of the location and volume commitment of potential shippers. Final pricing will be based on the facility costs, the level of firm commitments and the amount of interest indicated in accessing specific markets. It is expected that long-term pipeline capacity commitments will be necessary to complete this project.

Assuming adequate expressions of interest are received and management approval from both companies, a joint venture entity will be formed that would execute binding precedent agreements and seek necessary regulatory approvals to place the pipeline into service as quickly as possible. Each company would own an equal equity interest in the new pipeline. CenterPoint Energy's pipeline group would design and oversee construction, and ultimately operate the new pipeline.

CenterPoint Energy Forward-Looking Statement

This news release includes forward-looking statements. Actual events and results may differ materially from those projected. The statements in this news release regarding future financial performance and results of operations and other statements that are not historical facts are forward-looking statements. Factors that could affect actual results include the timing and outcome of appeals from the true-up proceedings, the timing and impact of future regulatory, legislative, and IRS decisions, effects of competition, weather variations, changes in CenterPoint Energy's or its subsidiaries' business plans, financial market conditions, the timing and extent of changes in commodity prices, particularly natural gas, the impact of unplanned facility outages, and other factors discussed in CenterPoint Energy's and its subsidiaries' Forms 10-K for the fiscal year ended December 31, 2008, CenterPoint Energy's and its subsidiaries' Forms 10-Q for the periods ended March 31, 2009, and June 30, 2009, CenterPoint Energy's Form 10-Q for the period ended September 30, 2009, and other filings with the SEC.

FPL Group Forward-Looking Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements typically express or involve discussion as to expectations, beliefs, plans, objectives, assumptions or future events or performance and often can be identified by the use of words such as "will," "expect," "believe," "anticipate," "estimate," and similar terms.

Although FPL Group, Inc. (FPL Group) believes that its expectations are reasonable, because forward-looking statements are subject to certain risks and uncertainties, it can give no assurance that the forward-looking statements contained in this press release will prove to be correct, including FPL Group's expectations with respect to the joint development agreement executed with CenterPoint Energy, Inc. (the "Joint Development Agreement") and the potential pipeline construction project (the "Pipeline Project"). Important factors could cause FPL Group's actual results to differ materially from those projected in the forward-looking statements in this press release. Factors that could have a significant impact on FPL Group's operations and financial results, and could cause FPL Group's actual results or outcomes, both generally and specifically with respect to the Joint Development Agreement and the Pipeline Project, to differ materially from those discussed in the forward-looking statements include, among others:

  • Inability to reach agreement on the formation and operation of a joint venture entity to construct and own the Pipeline Project
  • Inability to execute precedent agreements and other long-term commitments in connection with the Pipeline Project
  • Inability to complete construction of, or capital improvements to, the Pipeline Project or other FPL Group power generation facilities
  • Inability to obtain the required rights, regulatory approvals and permits for the construction and operation of the Pipeline Project
  • Inability to obtain the supplies necessary for the construction, operation, and maintenance of the Pipeline Project or other FPL Group power generation facilities
  • Changes in laws, regulations, governmental policies and regulatory actions regarding the energy and natural gas industries and environmental matters
  • Inability of FPL Group to access capital markets or maintain its credit rating
  • Inability to hire and retain skilled labor for the construction and operation of the Pipeline Project, or other changes or disruptions related to FPL Group's workforce
  • Lack of natural gas production from the Haynesville Shale area
  • General economic conditions
  • Hazards customary to the operation and maintenance of pipelines and power generation facilities, including unanticipated outages
  • Unusual or adverse weather conditions, including natural disasters
  • Volatility in the price of natural gas or energy
  • Failure of FPL Group customers to perform under contracts
  • Increased competition in the power and natural gas industries
  • Changes in the wholesale power and natural gas markets
  • Costs and other effects of legal and administrative proceedings
  • Terrorism or other catastrophic events

These foregoing factors should be considered in connection with information regarding risks and uncertainties that may affect FPL Group's future results included in FPL Group's filings with the Securities and Exchange Commission at www.sec.gov.

FPL Group undertakes no obligation to update or review any forward-looking statement to reflect events or circumstances, including unanticipated events, after the date on which such statement is made. New factors emerge from time to time and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or combination of facts, may cause actual results to differ materially from those contained in any forward-looking statement.

  

SOURCE CenterPoint Energy, Inc.

November 18, 2009 / category: Gas / link / comments (0)

SRS Energy, a leading developer of integrated solar roofing products, has received a 2009 "Best of What's New" award from Popular Science in the Home Tech category for its Sole Power Tile(TM), the first curved building-integrated photovoltaic (BIPV) roofing product designed for clay Mission-style roofing systems.

"We're proud that our Sole Power Tile system has been recognized by the editors of Popular Science magazine as a product that is moving solar technology forward," said Marty Low, CEO of SRS Energy. "The Sole Power Tile system takes solar out of the glass box. We've fused this viable renewable technology with a desired product profile for the roofing environment. This is the first product to integrate with the Mission-style roof line of the West and Sunbelt regions. Homeowners and architects can now choose renewable energy without compromising on curb appeal."

"For 22 years, Popular Science has honored the innovations that surprise and amaze us -- those that make a positive impact on our world today and challenge our views of what's possible in the future," said Mark Jannot, Editor-in-Chief of Popular Science. "'The Best of What's New' award is the magazine's top honor, and the 100 winners -- chosen from among thousands of entrants -- represent the highest level of achievement in their fields."

Each year, Popular Science reviews thousands of new products and innovations and selects the top 100 winners across 11 categories for inclusion in an annual "Best of What's New" issue, which is on newsstands November 11. To be selected for the award, a product or technology must represent a significant step forward in its category.

SRS Energy's Sole Power Tile system blends seamlessly with several styles of US Tile's clay tiles, providing energy without unsightly solar panels and preserving design flexibility. The partnership between US Tile and SRS Energy makes going solar easy by integrating the BIPV system into the purchase of a new roof or a replacement roof.

The Sole Power Tile employs cutting-edge thin film solar technology, valued for its ability to convert a greater spectrum of light into electricity as well as its relative insensitivity to heat when compared to other solar technologies. As a complete roofing system, the barrel tile profile allows for airflow beneath the tiles, reducing the overall cooling needs of the home.

SRS Energy and US Tile are currently launching the Sole Power Tile system in select West Coast markets and will begin a nationwide rollout of the product in 2010.

SOURCE SRS Energy

November 12, 2009 / category: Solar Energy / link / comments (0)
Dow Polyglycols, Surfactants and Fluids, a business of The Dow Chemical Company (NYSE: DOW), announced today that three additional solar power plants in Spain are now being supplied with DOWTHERM(TM) A Heat Transfer Fluid, enabling the facilities to collect heat and convert it into electrical energy.

In total, chemistry from Dow is now helping six Spanish solar power plants generate 300 megawatts of renewable and sustainable electricity. Taking advantage of a sunny climate and a strong government commitment, Spain is pioneering Concentrated Solar Power (CSP). Dow is strongly committed to the industry by providing high-quality materials, logistic excellence and top of the class technical support for heat transfer fluids.

"Dow is very proud to be the partner of the leading Spanish companies that are developing, building and operating these thermal solar plants that have a clear positive impact on today's energy challenges," said Renaud Jourdan, global marketing manager for Dow Heat Transfer Fluids.

How Concentrated Solar Power Works

CSP uses parabolic mirrors to reflect and magnify heat from the sun onto a pipe that contains DOWTHERM(TM) A heat transfer fluids to collect the heat energy and transport it to a power generating station. The heat transferred from the collectors to the station where the heat turns water to steam. The steam is used to drive turbines that make electricity.

Solar power and technology like CSP serves to help diversify the energy supply, produce power at peak demand, reduce dependence on fossil fuels, improve air quality and offset greenhouse gas emissions.

Solar Innovations

Dow's commitment to solar innovation extends beyond heat transfer fluids:

  • In October, Dow unveiled the DOW(TM) POWERHOUSE(TM) Solar Shingle, revolutionary photovoltaic solar panels in the form of solar shingles that can be integrated into rooftops with standard asphalt shingle materials. The solar shingle systems are expected to be available in limited quantities by mid-2010 and projected to be more widely available in 2011, putting the power of solar electricity generation directly and conveniently in the hands of homeowners.
  • Dow Adhesives and Functional Polymers is a leading global supplier of adhesives for photovoltaics, with exceptional performance in new backsheet substrates, as well as game-changing innovations in materials such as liquid encapsulants.
  • Dow Electronic Materials recently introduced its new line of ENLIGHT(TM) photovoltaic products, which increase solar cell efficiency and yield.
  • Dow Specialty Packaging & Films offers innovative polyolefin-based films used in the protective encapsulant layer and the structural backsheet of photovoltaic modules. The use of these films can improve productivity when the module is produced, and help increase its service life and reliability.
  • Dow Corning, a joint venture equally owned by The Dow Chemical Company and Corning, Incorporated, is also participating in the solar photovoltaic sector, applying its expertise in silicon-based materials to improve the cost efficiency, durability and performance of solar modules and photovoltaic devices. Dow Corning recently began construction on a facility that will manufacture monosilane gas, a key material used to manufacture thin-film solar cells and liquid crystal displays. Via its Hemlock Semiconductor joint venture, Dow Corning is also a leading provider of polycrystalline silicon and other silicon-based products used in the manufacturing of semiconductor devices, and solar cells and modules.

SOURCE The Dow Chemical Company

November 11, 2009 / category: Solar Energy / link / comments (0)

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