Alternative Energy Daily News - May 1, 2007

• A new study ordered by the Pentagon warns that the rising cost and dwindling supply of oil will make the U.S. military’s ability to respond to hot spots around the world “unsustainable in the long term.”

• An international research project has begun that could help bring to mass-market organic light emitting devices, which could have far reaching technological implications and profoundly cut the cost of lighting.

• The hot topic in venture-capital circles these days is "cleantech," and a Minnesota start-up founded by a pair of Russian chemists with big ideas and some impressive Silicon Valley backers is hoping to become a leader in the field.

• PepsiCo Inc. said Monday it is now one of the top 25 green-power buyers in the country, having made the largest purchase so far of renewable energy certificates.

• Every dollar spent for construction of new transmission lines to support the development of wind resources in Texas will result in a $5 to $7 reduction in energy costs.

• Kansas is among a dozen north central states in the U.S. with the potential to produce up to two-thirds of the nation's perennial bioenergy crops and crop residues.