BrightHome Energy Solutions today announced its participation in the new Green Jobs-Green New York (GJGNY) program that provides free energy audits and low interest financing to New York homeowners seeking energy efficiency improvements.
The Green Jobs-Green New York program was passed into law in October 2009. It provides New Yorker with access to free and low-cost energy audits, installation services, low-cost financing (currently for residential customers only), and pathways to training for various green-collar careers. The program's goal was to create 14,000 green jobs in retrofit contracting, and another 14,000 indirect jobs in related services. The program is financed through a $112 million fund.
“BrightHome is excited to offer homeowners free energy audits and interest rates as low as 3.49% creating an affordable way to lower their heating bills and be more comfortable,” said Mike Brown of BrightHome Energy Solutions. “We encourage homeowners to take advantage of this opportunity now for maximum savings this winter.”
Free energy audits by BrightHome through GJGNY are available to residential applicants with household incomes less than $209,000. Reduced-cost energy audits will be available to homeowners with incomes up to $418,000.
It is not clear how many of the 28,000 jobs have already been created. The first annual report of the program is silent on the job creation results, but what is clear is that BrightHome Energy Solutions is not hiring. Their website lists 4 open positions posted months ago, in June 2010.
The Green Jobs-Green New York program is administered by the New York State Energy Research and Development Authority.
Wednesday, November 17, 2010
Monday, November 15, 2010
GE makes GM's day
GE just announced that it will purchase 25,000 electric and plug-in hybrid vehicles by 2015. The first 12,000 of these will be GM Volts. Other manufacturers will be included in the purchase as their products become available. At an average of $40,000 or more per vehicle, that's at least a $100 million purchase.
“Electric vehicle technology is real and ready for deployment and we are embracing the transformation with partners like GM and our fleet customers,” said GE Chairman and CEO Jeff Immelt. “By electrifying our own fleet, we will accelerate the adoption curve, drive scale, and move electric vehicles from anticipation to action.
GE will also benefit from its own purchase, which will accelerate the deployment of GE's charging stations, and many other GE products used in EVs' manufacturing and operations. Some experts estimate that the EV purchase could pump back $500 million into GE's revenue in the next 3 years.
“We make technology that touches every point of the electric vehicle infrastructure and are leading the transformation to a smarter electrical grid,” Immelt said. “This transformation will be good for our businesses and for our shareowners. Wide-scale adoption of electric vehicles will also drive clean energy innovation, strengthen energy security and deliver economic value.”
GM CEO Dan Akerson said, “GE’s commitment reflects confidence that electric vehicles are a real-world technology that can reduce both emissions and our dependence on oil. It is also a vote of confidence in the Chevrolet Volt, which we will begin delivering to retail customers by the end of this year. We are pleased that the Volt will play a major role in this program, which will spur innovation and benefit our companies, our customers, and society as a whole.”
A GM spokesman said the purchase of 12,000 Volts by GE will not affect deliveries to retail customers: "It's between now and 2015, so the volume is manageable."
FedEx Chairman, President and CEO, and Electrification Coalition member Fred Smith said, “With more than 16.3 million vehicles in operation in 2009, the nation’s fleet can drive initial ramp-up scale in the battery industry and OEM supply chains. By buying these vehicles, GE is helping ramp up production which will help lower the price of vehicles and their components and make electric vehicles more visible and acceptable to the public at large. This is good for GE, good for our economy, and good for our nation.”
US-based EV manufacturers that could benefit from GE's commitment include Tesla Motors, Coda Automotive, Aptera, Bright Automotive, and Smith Electric Vehicles. And more indirectly, engine makers Achates Power and EcoMotors, and charging station maker Coulomb Technologies could also benefit.
A great story for the creation of green jobs, and one in which the government is not involved!
“Electric vehicle technology is real and ready for deployment and we are embracing the transformation with partners like GM and our fleet customers,” said GE Chairman and CEO Jeff Immelt. “By electrifying our own fleet, we will accelerate the adoption curve, drive scale, and move electric vehicles from anticipation to action.
GE will also benefit from its own purchase, which will accelerate the deployment of GE's charging stations, and many other GE products used in EVs' manufacturing and operations. Some experts estimate that the EV purchase could pump back $500 million into GE's revenue in the next 3 years.
“We make technology that touches every point of the electric vehicle infrastructure and are leading the transformation to a smarter electrical grid,” Immelt said. “This transformation will be good for our businesses and for our shareowners. Wide-scale adoption of electric vehicles will also drive clean energy innovation, strengthen energy security and deliver economic value.”
GM CEO Dan Akerson said, “GE’s commitment reflects confidence that electric vehicles are a real-world technology that can reduce both emissions and our dependence on oil. It is also a vote of confidence in the Chevrolet Volt, which we will begin delivering to retail customers by the end of this year. We are pleased that the Volt will play a major role in this program, which will spur innovation and benefit our companies, our customers, and society as a whole.”
A GM spokesman said the purchase of 12,000 Volts by GE will not affect deliveries to retail customers: "It's between now and 2015, so the volume is manageable."
FedEx Chairman, President and CEO, and Electrification Coalition member Fred Smith said, “With more than 16.3 million vehicles in operation in 2009, the nation’s fleet can drive initial ramp-up scale in the battery industry and OEM supply chains. By buying these vehicles, GE is helping ramp up production which will help lower the price of vehicles and their components and make electric vehicles more visible and acceptable to the public at large. This is good for GE, good for our economy, and good for our nation.”
US-based EV manufacturers that could benefit from GE's commitment include Tesla Motors, Coda Automotive, Aptera, Bright Automotive, and Smith Electric Vehicles. And more indirectly, engine makers Achates Power and EcoMotors, and charging station maker Coulomb Technologies could also benefit.
A great story for the creation of green jobs, and one in which the government is not involved!
Monday, November 1, 2010
Ameresco reports stellar growth, creates more green jobs
US renewable energy and energy efficiency company Ameresco’s third quarter earnings per diluted share rose to $0.53 for the recent quarter, compares to $0.30 in last year’s third quarter. The company’s income rose 47 per cent to $12m in the recent quarter from $8.2m the year before.
‘Ameresco produced strong third quarter financial performance by effectively executing on our existing projects and continuing to successfully implement our 2010 business plan,’ said George Sakellaris, president and CEO of Ameresco.
‘We made significant progress on many of our marquee projects. We continue to win business across North America, and this quarter won a bid with the US Navy to improve energy efficiency for two of their facilities in Italy.’
Ameresco’s total order backlog including contracted and awarded projects stood at $1.12bn at the end of the quarter.
It expects to generate between $585m and $595m in revenue for the full year 2010, also predicting EBITDA to be in the range $55m to $57m and net income in the range $27m to $28m. Its earnings forecast per diluted share is $0.68.
On the green jobs front, Ameresco posted a total of 117 jobs in the period 8/1/2010 to 10/31/2010, an increase of 90% compared to 63 green jobs in the previous period 5/1/2010 to 6/30/2010. The company today had 28 open positions.
‘Ameresco produced strong third quarter financial performance by effectively executing on our existing projects and continuing to successfully implement our 2010 business plan,’ said George Sakellaris, president and CEO of Ameresco.
‘We made significant progress on many of our marquee projects. We continue to win business across North America, and this quarter won a bid with the US Navy to improve energy efficiency for two of their facilities in Italy.’
Ameresco’s total order backlog including contracted and awarded projects stood at $1.12bn at the end of the quarter.
It expects to generate between $585m and $595m in revenue for the full year 2010, also predicting EBITDA to be in the range $55m to $57m and net income in the range $27m to $28m. Its earnings forecast per diluted share is $0.68.
On the green jobs front, Ameresco posted a total of 117 jobs in the period 8/1/2010 to 10/31/2010, an increase of 90% compared to 63 green jobs in the previous period 5/1/2010 to 6/30/2010. The company today had 28 open positions.
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