Pass the Mustard: Why Carinata is Taking Root as Biofuel

Navigant Research forecasts that the “global biofuels production will reach 61 billion gallons by 2023, replacing nearly 6 percent of global transportation fuel production from fossil sources and generating $70 billion in new revenue over the next decade.” The demand for an appropriate crop that can provide biofuels, without competing for land use with food crops, is on. The emergence of non-food feedstocks to fuel the international biofuel demand is on the horizon.

via Renewable Energy News – RenewableEnergyWorld.com http://ift.tt/1k6jeeX

Philips Merges Lumileds and Automotive Lighting Businesses To Set up Stand-Alone Company

“Guided by our long-term strategy, we continue to actively manage our portfolio of businesses,” said Frans van Houten, Chief Executive Officer of Royal Philips. “Philips’ strategy in Lighting is to intensify its focus on connected LED lighting systems and services, LED luminaires, and LED lamps for the professional and consumer markets. Both our Lumileds and Automotive lighting businesses are strong players in the lighting industry and ready to pursue more growth and scale, independently of Philips Lighting. As a world-leading lighting components business, they will have increased flexibility to attract additional investors to accelerate growth.”

“I am confident that the combined business will be able to extend its leading portfolio of digital lighting components and achieve robust growth, serving even more customers in the industry, including of course Philips Lighting,” said Philips Lighting Chief Executive Officer Eric Rondolat. “By combining Philips Automotive lighting and Lumileds, the Automotive lighting customers will continue to benefit from a fully integrated end-to-end R&D and supply chain, enabling the adoption of LED technology in automotive applications.”

Sales of the combined businesses were approximately EUR 1.4 billion in 2013. The chief executive officer of the new company will be Pierre-Yves Lesaicherre, the current chief executive officer of Lumileds. The process to combine Lumileds and Automotive into an integrated business within the Philips Group is expected to be completed in the first half of 2015. Costs associated with setting up the combined business are expected to amount to EUR 30 million in the second half of 2014.

About Royal Philips:

Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2013 sales of EUR 23.3 billion and employs approximately 112,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at http://ift.tt/KJqW3J.

via LED-professional http://ift.tt/1mdL2Uj

Distributed Renewable Energy Under Fire

Adapt or Die read the title of the article suggesting that electric utilities must change their business to survive, or be buried under an onslaught of local renewable energy. But utilities seem to have chosen a third way – Fight – as captured in this map from the Institute for Local Self-Reliance.  A total of 19 states (as accounted for through Ma

via Renewable Energy News – RenewableEnergyWorld.com http://ift.tt/1pEg6Ps

Industry Complaints About the New EPA Carbon Pollution Rule? We’ve Heard It All Before

The argument industrial polluters and their friends in Congress are making against the new Environmental Protection Agency plan to curb power plant carbon emissions should sound familiar. After all, it’s the same scare tactic they trot out every time the government proposes stricter emission controls: exaggerate the cost, overstate job losses, and completely ignore the benefits.

via Renewable Energy News – RenewableEnergyWorld.com http://ift.tt/1pEg8XF

China Becomes World’s Largest PV Market

According to the Global New Energy Development Report 2014, China has surpassed Germany as the world’s largest PV market. The report, which was prepared by Hanergy Holding Group and China New Energy Chamber of Commerce, provided a comprehensive and authoritative overview of the global renewable energy market.

via Renewable Energy News – RenewableEnergyWorld.com http://ift.tt/1pE90dO

US Ex-Im Hangs in Balance as Chief Defends Bank Against Critics

U.S. Export-Import Bank Chairman Fred Hochberg mounted a defense of the 80-year-old agency as Republicans weigh eliminating the lender they say backs major corporations with political connections.

via Renewable Energy News – RenewableEnergyWorld.com http://ift.tt/1pHgUPj

Brazil’s Cosan Sees Potential to Triple Biomass Power Generation

Billionaire Rubens Ometto’s Cosan SA has the potential to triple its power generation by burning sugar-cane leftovers if the government offers power-purchase contracts for biomass producers.

via Renewable Energy News – RenewableEnergyWorld.com http://ift.tt/1pHgU1z