Clean Power

Clean Power

Ardour Capital: Revenues Swell at Green Investment Bank

Mon

Sep

Profiled in last week's small business report in Crain's, Ardour Capital is a five-year-old investment bank that focuses exclusively on renewable energy and sustainable technology. Notwithstanding the persisting gloom on Wall Street (more on that in the context of green later this week), the firm expects revenues this year to top $10 million and double by 2009, up from $3.9 million in 2006. According to managing partner and co-founder Brian Greenstein, "[t]here's a recognition that this sector is going to be one of the ones that grow." Ardour's 25 staffers review companies across the green power sector and then distill the technologies down for potential investors. Since opening its doors, Ardour has helped raised over $1 billion for 30 companies; earlier this year, it worked with California-based eco-friendly printer Colorep, Inc. in securing a $24 million private investment.

Marquiss Wind Power to NYC: Test Drive a Free Wind Turbine

Tue

Aug

by Stephen Del Percio

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Apparently unfazed by recent skepticism from local engineers and architects aimed at Mayor Bloomberg's plans to install wind turbines on Gotham's skyscrapers and bridges, California-based Marquiss Wind Power has offered to donate one of its turbine systems to the city in order to demonstrate that the Mayor's idea is in fact viable. The company's patented roof-top wind turbine is approximately 19 feet high and weighs less than a typical rooftop air conditioning unit. Its T500 model is optimized for low, variable wind, is rated at 5 kilowatts, and is priced between $30,000.00 and $60,000.00 depending on the specific configuration. According to Marquiss CEO Paul Misso, the company's turbines should pay for themselves within four to eight years, "depending on wind speed, utility rates, and available incentives." Last week, in the aftermath of Mr.

Green Home to be Cornerstone of Long Island Alternative Energy Park

Mon

Aug

by Stephen Del Percio

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In 2005, the 800-square-foot OPEN House was conceived and constructed by 75 students at Old Westbury, Long Island's New York Institute of Technology. Made from wood, the house debuted at the 2005 Solar Decathlon and took home fifth place as a fully operational showcase for solar and hydrogen fuel cell technology. In 2007, it was re-entered in the Decathlon with a few upgrades, including an array of 35 solar panels and a rooftop pool for heating and cooling, which was designed to simulate the heating and cooling principles of a geothermal system. The prototype included a performance dashboard displaying the home's energy consumption in real-time. Although the prototype cost $400,000.00 to construct, at the time students believed that a similar home could be mass-produced for around half of that amount.

Clean Power at Ground Zero, Midtown Office Vacancies, & PlaNYC Brownfields Office

Sun

Jun

by Stephen Del Percio

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Construction on the High Line is progressing; section between Gansevoort and 20th Street still scheduled to open by close of 2008.
City Room examines how government and citizens can promote smart growth along the Hudson River
First-ever America-Israel Green Buildings Conference held in New Jersey Meadowlands.
Manhattan office vacancy rate on the rise to 6.9 percent in May from 5.3 percent at start of year; Midtown Class A rate at 7.1 percent with space at Bank of America Tower coming on line.
Mayor Bloomberg announces creation of office to expedite redevelopment of local brownfields as contemplated by PlaNYC.
Port Authority
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