Thursday, March 08, 2007

Alternative Energy Daily News March 8, 2007

  • Combined sales of hybrids in the US rose 52% in February. The figures do not include sales of GM hybrids, which the automaker does not yet break out, but do reflect the addition of the Nissan Altima Hybrid, now sold in eight states.

  • A graph charting the number of pages discussing climate change in reports by investment analysts from traditional brokerages would resemble the renowned "hockey stick" graph of temperatures over the last 1,000 years.

  • Venture capital investment in U.S. companies developing alternative energy technologies more than doubled last year to an all-time high of $2.4 billion as high oil prices caused investors to seize on the promise of ethanol and other biofuels.

  • Under an ambitious new initiative announced by Bank of America, the financial institution will direct $20 billion to help its corporate, individual and small-business customers take advantage of the business opportunities created by green economic growth.

  • Verizon will soon begin a pilot project using 13 GMC 2500 service vans retrofitted with Enova hybrid drive systems. The vans will serve some of Verizon’s FiOS Internet and TV customers in Maryland and Texas.

  • The global auto industry is experiencing a green revolution, convinced that lower emissions and hybrid engines could turn eco-minded drivers into a long-term customers.

  • General Motors Corp has set a target for production of an all-electric car in 2010.

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