Green Electricity
The consumer demand for green electricity (generated from renewable energy sources) is growing at a rate much faster than that generated by conventional means.
Consumers are willing to pay above market prices for this ‘green’ energy, and power distribution utilities are seeking sources which can be certified as ‘green energy’.
Adding to this pressure, individual states are enacting or exploring regulation mandating specific amounts, (% of total electricity sold) which must come from renewable sources. California leads with goals of 10% ‘green’ by 2010 and 20% by 2015, followed by New Hampshire with 25% by 2025. Iowa, Washington, Colorado, Montana, Nebraska, Illinois, Georgia, Florida., Michigan, New York, Ohio, Minnesota, Arkansas, Oregon and others are either in the final negotiation, or have recently announced the standards within their states.
This combination of consumer/societal activism and regulatory initiatives at State and Federal levels means that the immediate demand exceeds supply. There is a ready market, through existing channels of distribution, for all ‘green’ generated electricity.
Growing demand for Renewable Energy is also being fueled by sharp increases in prices of the petroleum and coal needed to generate at conventional power plants. Natural gas prices hover at an all time high and crude oil and its resultant products, have crossed the once deemed impossible $110 (US) per barrel. Coal fired plants are affected both by higher commodity prices and increases in transportation costs. Nuclear power plants in the US are aging, and few new applications have been submitted for approval.
Our IBERP system generates electricity by combustion of the methane gas captured in the digestion of animal manure. Meeting the both letter and the spirit of ‘green’ production, this electrical generation represents an immediate revenue source, with a well defined and easily accessible market.
Consumers are willing to pay above market prices for this ‘green’ energy, and power distribution utilities are seeking sources which can be certified as ‘green energy’.
Adding to this pressure, individual states are enacting or exploring regulation mandating specific amounts, (% of total electricity sold) which must come from renewable sources. California leads with goals of 10% ‘green’ by 2010 and 20% by 2015, followed by New Hampshire with 25% by 2025. Iowa, Washington, Colorado, Montana, Nebraska, Illinois, Georgia, Florida., Michigan, New York, Ohio, Minnesota, Arkansas, Oregon and others are either in the final negotiation, or have recently announced the standards within their states.
This combination of consumer/societal activism and regulatory initiatives at State and Federal levels means that the immediate demand exceeds supply. There is a ready market, through existing channels of distribution, for all ‘green’ generated electricity.
Growing demand for Renewable Energy is also being fueled by sharp increases in prices of the petroleum and coal needed to generate at conventional power plants. Natural gas prices hover at an all time high and crude oil and its resultant products, have crossed the once deemed impossible $110 (US) per barrel. Coal fired plants are affected both by higher commodity prices and increases in transportation costs. Nuclear power plants in the US are aging, and few new applications have been submitted for approval.
Our IBERP system generates electricity by combustion of the methane gas captured in the digestion of animal manure. Meeting the both letter and the spirit of ‘green’ production, this electrical generation represents an immediate revenue source, with a well defined and easily accessible market.