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Alternative Energy News Tuesday September 12th 2006
The "Ultimate Driving Machine" becomes the "Ultimate Hydrogen Machine"
MW has taken the wraps off its latest addition to the BMW 7-Series model range. The BMW Hydrogen 7 represents the world's first hydrogen-powered luxury performance sedan and is key to BMW's CleanEnergy strategy which strives to use advanced technology to wean customers off fossil fuels. The BMW Hydrogen 7 features a dual-power, 260HP 12-cylinder engine which allows it to use hydrogen and gasoline power. When running on hydrogen power alone, the range of the BMW Hydrogen 7 is 125 miles.
Pa. Treasurer Launches New $90 Million Keystone Green Investment Strategy
Pennsylvania State Treasurer Robert P. Casey, Jr. today announced a new investment strategy for the Commonwealth that will promote greater public and private investments in clean technologies, such as alternative and renewable energy sources, and provide superior returns for taxpayers. Casey said his new Keystone Green Investment Strategy is one of the nation's most comprehensive among institutional investors and the result of a yearlong series of meetings with private sector investors, financial experts, non-profit state energy funds and others.
China speeds up renewable energy development
China's National Development & Reform Commission announced on June 30 a plan to raise consumer electricity rates by 2.5 cents per kilowatt hour. A tiny fraction of the additional charge, 0.1 cent per KWH, will be used to develop renewable energy, a senior NDRC official told Xinhua a few weeks later. This was unprecedented, the official said. The money would be used to cover the portion of renewable energy development costs that are higher than the average for conventional energies. The practice complies with the principle enshrined in the Renewable Energy Law that the extra costs of renewable energies should be shared by all end users of electricity across the country.
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