Clean Energy News

The Monthly Newsletter from CleanEdge has a column on the new "Energy" companies:

... Who else could become an "energy company"? Almost anyone who makes metals, plastics, advanced materials, or coatings. Software companies, who may write the code that weaves the cacophony of energy producers into a harmonious system. Big-box retailers, whose spacious, flat roofs could collectively become solar farms for the surrounding community. And, by extension, big real estate developers -- of malls, warehouses, industrial parks, and other large complexes -- creating microgrids of solar, wind, geothermal, fuel cell, and other energy sources. Some of these players already are emerging, with many more still to come.

It may not be long before we're asking, "Who's not an energy company?"

But what happens to these new "Green Energy" initiatives as the price of oil continues to slump? The CS Monitor has an interesting discussion:

Green-energy stocks have pulled back in recent months. Are you worried?

Robinson: About a third of our portfolio is committed to that space. Obviously, with the stocks pulling back, almost directly correlated to the price of oil pulling back, our overall portfolio has declined a bit. But over the long haul, we think the trends are in place so it really makes a lot of sense to have a lot of exposure.

Becker: This pullback is probably an opportunity for long-term clean energy investors. Speculators have probably been driven out of the market.... But if you have a longer term horizon there's probably money to be made from here. The Department of Energy forecasts a gap of 14 terawatts of power globally between now and the year 2050. That's the equivalent of 14,000 1-gigawatt new energy plants. If you opened one a day, it would take 38 years to get there. So the problem is not going to be solved with nuclear and fossil fuels alone.