Solar Energy Investing

Investors.com reports the NASDAQ closed 1.3% higher. The Philly semiconductor rose 2.2%. Volume and price gains were better on the NASDAQ, but breadth was better on the NYSE.

CNN Money reports Ryder System, Inc. has announced that Merloni TermoSanitari has selected Ryder to manage its supply chain operations in China. Ryder is a global leader in supply chain, warehousing and transportation managements solutions. Merloni is a leading Italian manufacturer of residential and commerical heating and water heating systems and services.

The Canadian Press reports on an Austin-based startup called EEStor. The company promises “technologies for replacement of electrochemical batteries.” A motorist would be able to plug in a car for five minutes and drive 800 kilometres without gasoline. Skeptics fear the claims are stretched to the point of fable.

TheBostonChannel.com reports EBSCO publishing uses 192 solar panels to generate electricity. The company is now a state leader in providing its own power.

“It’s not frankly one of our best financial investments but we felt it was the right thing to do to be environmentally responsible,” EBSCO Publishing President Tim Collins said.

Grenada Broadcasting Network reports the government of Grenada is exploring the possibility of installing solar energy systems on public facilities. The plan would be geared at reducing the dependancy on electricity and to help the enviroment. A total of 15 solar systems have been installed island-wide by Grenada Solar Power Limited.

The Hindu reports Scientists are researching new ways of harnessing solar energy that could eventually make it cheaper for consumers. The researchers are Durham University are developing light-absorbing materials for use in the production of PV cells. Thick silicon-based cells and compounds containing indium, a rare and expensive metal, are more commonly used to make solar panels today.

MUMBAI Newsline reports Valentin Tappesar. Tappesar is a German student staying in Valsad, Gujarat for a year to spread awareness about global warming and energy conservation. German students are required to enroll in either civil or military services and Tappeser chose to join the International Center for Networking, Ecology, Education and Reintegration.

gulfnews.com reports Dubai Roads and Transport has taken new initiative to introduce an environmentally-friendly public transport system. RTA released the project as part of a plan to have an eco-friendly transport system in order to reduce pollution and fuel cost. RTA also hopes to attract more people to public transport.

ABC 7 reports on the energy independent house of Justin Miznay. Miznay’s house was built 15 years ago by his father off the grid. Solar panels power the house entirely. “It’s DC electricity produced from the solar panels which goes into an inverter in the garage in a power panel and converts it to AC. When the sun is out like today, this system produces three-thousand watts of power.” Miznay said.

PC Magazine reports Solis Energy has released a plan to provide energy to low-wattage devices. Even in the event of a blackout customers will be able to power 100-watt and under devices. The Solis stand-alone solar generators that are practical, inexpensive and easy to install could keep a city’s infrastructure intact in the event of loss of grid power.