January 19, 2009

Weekly News Roundup

Excitement is in the air as the US prepares for President-elect Barack Obama's inauguration tomorrow. The renewable energy industry has high hopes that the next administration will soom implement several federal policies and mandates of clean technology use especially for electric utilities nationwide as well as aggressive reduction of oil and other types of energy imports.

Tomorrow's inauguration speech will be widely anticipated if Obama will again highlight any green agenda type.

For now, here are this week's news roundup:

Vital bio-packaging
Industrial packaging company Vital Products has started production of its bio-based foam, which will start shipping by the end of the month. The company expects sales from the foam to exceed $ 20 million by year-end.

Energy-saving contract
Honeywell received an Indefinite Delivery Indefinite Quantity (IDIQ) Energy Savings Performance Contract (ESPC) from the Department of Energy. The contract allows Honeywell to implement up to $5 billion of energy-efficiency, renewable-energy and water-conservation projects at federally owned buildings and facilities, nationally and internationally, over the next 10 years.

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