Ormat Geothermal Reports $1.5 Million Loss

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Despite low 2nd quarter earnings, Ormat has secured $350 million in loan guarantees to develop renewable, geothermal energy plants Israeli-founded geothermal power company  Ormat Technologies (NYSE: ORA) failed to meet the market’s expectations when the company presented its results for Q2: a $1.5 million loss was reported, resulting in a $0.03 loss per share. Most […]

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Solar Power To The People Of Abu Dhabi

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Will Abu Dhabi’s citizens choose solar panels for their roofs when electricity prices go up? The residents of the United Arab Emirates capital, Abu Dhabi, will soon experience three major changes as the Abu Dhabi Distribution Company electricity supplier plans to install a meter for every apartment and a solar panel on every roof, according […]

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Spain to Provide $10 million for Solar Power Hospitals in Lebanon

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A solar band-aid: Spain and the UN looks to create solar power heating, mainly water, for hospitals in Lebanon. Thanks to a contribution from Spain, Lebanon’s first solar power heating project for hospitals have been made possible, the Lebanese newspaper The Daily Star is reporting. The project is part of the Lebanese government’s plan called Country […]

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Masdar CEO Admits An End To Oil

Masdar’s CEO acknowledges oil and gas are finite, yet the energy provider continues to exploit UAE’s natural resources to fund renewable projects with the same quest for fame and fortune that kept us glued to oil [image via GDS Digital] Given its celebrity status and our skepticism of its real sustainibility, we at Green Prophet […]

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Israeli Citizen Group "Save Adullam" To Fight Oil Shale Plans

Israel’s Energy Initiatives’ (IEI) oil shale ambitions threaten the environment, and livelihood of Judean hills residents. [image courtesy of Moshe Moreno] By now, with the world’s worst oil spill off the Gulf of Mexico causing irreparable damage, and with numerous cleaner alternatives to choose from, a wiser civilization might leave destructive, polluting energy in the […]

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Forests may not be the greatest carbon sinks – here’s why

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It can take decades of forest growth before the ‘cooling’ CO2 sequestration can overtake these opposing ‘warming’ processes, finds new study on Yatir Forest (above). We’ve been buying carbon credits, and have been busy planting trees hoping to stave off climate change, but the simple formula we’ve learned in recent years – forests remove the […]

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Israeli Tech Brings Solar-Powered Air Con to Your Home

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Imagine if air conditioning came without the hefty price tag of electric bills—if it was, in fact, entirely free. Tel Aviv University Professor Avi Kribus, best known now for his discovery of electricity-creating bacteria, has invented a solar energy device that would power air conditioning and heating. Additionally, Kribus’s device is smaller and therefore cheaper […]

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