Welcome to the Green Chip Review Weekend Edition — our insights from the week in everything alternative and cleantech, as well as links to our most-read Green Chip Review and sister publication articles.
This week began with a much-anticipated announcement from the world's largest automaker. Toyota will "begin selling affordable plug-in hybrid cars in 2011."
That news is great for green investors for several reasons. With GM and Nissan also pursuing plug-ins for large markets, there will be investment options aplenty. From batteries to charging systems to smart home energy systems that will be necessary for wide-scale hybrid adoption... smart investors will reap easy profits from the coming electric vehicle boom.
And we've begun to see some indication of how those investments will develop.
California announced this week that it's approved a $1.96 billion project to add 173 miles of new transmission line that will bring more renewable energy to the state. Projects like this are critical to establishing an electric economy and present solid investment catalysts for investors.
In-step with that announcement, Californian utility Edison International announced on Thursday it will "invest $20 billion over the next five years to help bring more clean and renewable power and energy efficiencies to consumers."
Announcements like that almost make you feel the cleantech momentum.
That building momentum is what led to First Solar's declaration this week that it expects markedly higher 2010 sales, and will boost production in response. It said sales could be half a billion higher than expected. Expect a good all-around year for solar in 2010.
Other sectors will fair well, too.
The billions of dollars in capital that were devoted to clean energy by global governments during the recession are starting to pay off. In the U.S., stimulus programs have done so well that a $5 billion expansion of clean energy tax credits has been proposed. That is estimated to generate $15 billion in private investment.
An example of that private investment was seen this week as smart grid company Silver Spring Networks raised $100 million in its latest round. Rumors of an IPO next year are rampant.
We'll be poised to capitalize on it, and all the other opportunities that will come our way next year.
You can catch up on the rest of this week's coverage below.
Have a great holiday week,
Forecast for Renewable Energy in 2010: The Market for Renewable Energy Stocks in the New Year
Green Chip's Jeff Siegel offers up his Green Chip Stocks forecast for 2010.
Climate Change Hawaii: Caught Between A Rock and A Big Wave
Contributor Jon Letman writes from Hawaii and explains how the Aloha State will deal with climate change.
Atlantis Marine Energy: 1-Megawatt Tidal Turbine Project Underway
International Editor Sam Hopkins talks about why, in 2010, the wind-whipped Orkney Islands north of Great Britain will become a key global testing ground for marine energy.
Neighborhood Electric Vehicles (NEVs): Calling Out Green Fear-mongering
Green Chip Editor Nick Hodge takes a look at neighborhood electric vehicles (NEVs) through the eyes of two very different media outlets.
A 40-year-long, Multi-Trillion Dollar Drug Deal: Legal Fortunes to be Made from this Cartel's Next Move
Green Chip Review reports: the world's longest-running drug deal has been going on since 1970... and cost Uncle Sam more than 1.35 Trillion. Now, this cartel is pouring billions of dollars into an unexpected investment. Three things you need to know — now.
12 Days Left to Buy into Wind Energy Stock: The Clock is Ticking... this Stock will Soar 112%
Green Chip explains how a new California law is about to make this tiny little wind farm developer the most sought-after wind energy stock on the planet... and reveals how you can take advantage of this new law to pull off a 112% gain in the next 6-8 months.
Tom Vilsack Biofuel: Clarification on the Tom Vilsack Biofuel Position
Publisher Jeff Siegel reports: U.S. Agriculture Secretary Tom Vilsack recently told reporters that we should caution against blaming biofuels for higher food prices, stating that the food vs. fuel debate is based on the assumption that where we are today remains static relative to production.
California Lithium: California Lithium to be Extracted from Geothermal Wastewater
Green Chip contributor Ken Swearengen talks about extracting lithium from geothermal wastewater off the Salton Sea.