EERE Network News
August 11, 2004
News and Events
The U.S. Department of Agriculture announced on August 4th the opening of the sign-up period for its fiscal year 2005 Bioenergy Program. The $150-million program supports expansions in ethanol and biodiesel production and also provides some support for existing biodiesel production.
Ford Motor Company began producing the 2005 Ford Escape Hybrid at its Kansas City Assembly Plant on August 6th. Meanwhile, Lexus has put off the launch of its hybrid SUV, the RX 400h, while Toyota Motor Company is planning to increase its production of the Prius by 50 percent in 2005.
The Bank of America and the Durst Organization broke ground on August 2nd on a new high-rise building in midtown Manhattan. The Bank of America Tower will strive to be the first high-rise office building to earn a Platinum LEED rating, in part by cutting energy use to half that of a typical high-rise.
In recent weeks, government agencies have sought to purchase as much as 272,000 megawatt-hours per year of renewable energy credits for facilities throughout the United States. The credits are proving a useful tool for government facilities aiming to achieve their renewable energy goals.
The United Kingdom announced on August 2nd that it has created a $92-million fund to advance wave and tidal energy technologies. The announcement coincided with the release of a report concluding that Scotland could draw on wave and tidal energy for 10 percent of its power by 2020.
The Public Renewables Partnership encourages public organizations, co-operatives, and tribal utility authorities to integrate renewable energy into their power portfolios and business strategies.
DOE's "Short-Term Energy Outlook" for August notes that world oil prices are approaching $45 per barrel and projects prices above $30 per barrel for the foreseeable future. Meanwhile, an energy consultant claims there's a chance that oil prices could exceed $50 per barrel soon.