residential incentives & finance

Memorial service for Ray Anderson in LaGrange Monday

Ray Anderson candid with spools

Interface Inc. has announced a public memorial service to “celebrate the life” of the late environmental and business leader Ray Anderson. It will held this Monday in LaGrange, Ga. Those can’t attend in person can participate through a videocast. Here are the details: Memorial Arrangements Interface, Inc. will host a memorial service at LaGrange College…

Georgia banks return to profitability

Georgia banks as a whole were profitable for the second quarter of 2011, the first time in nearly three years the industry has had a positive result in the state. While individual banks returned to profitability earlier, the state’s banks were last profitable cumulatively in the third quarter of 2008. Continue this story at AJC.com.

Venture capital focuses on energy efficiency rather than clean energy

As governments around the world are scaling back support for renewable energy, venture capitalists are shifting their clean technology investment strategy. They’re focusing less on high-risk technologies and more on ideas that could have a faster payoff but a smaller impact, such as technologies for improving energy efficiency. The shift is raising concerns about how…

Bloomberg: Clean energy stocks may have hit floor

Clean energy stocks are approaching a floor after European austerity measures and cheap U.S. natural- gas pushed wind and solar companies lower, Impax Asset Management Ltd. said. The industry offers value for investors after the WilderHill New Energy Index fell 20 percent this year, investment manager Lee Clements said. Vestas Wind Systems A/S, the world’s…

2 finance ideas to keep up clean energy momentum

Now that declining budgets have reduced the outlook for federal largesse, what big ideas might help to continue growth among solar, wind and other clean energy industries? With the help of his sources in the “the renewables and efficiency space,” Climate Progress’ Stephen Lacey came up with five priorities for “business-oriented” policies that could keep…

Green tech investment plummets in second quarter

The amount of venture capital put into green-tech companies plummeted in the second quarter amid talk of investors leaving the sector and the need for start-ups to rework their financing plans. Ernst & Young earlier [last week] released the latest venture capital investment dollars, which showed a 44 percent decline compared to the same period…

Get ready for run on renewable energy subsidies

U.S. government support for renewable energy may plunge from record levels, setting back the use of wind and solar power before they can compete on their own with oil, gas and coal. Direct spending, tax breaks and research funding pushed federal renewable-energy subsidies to $14.7 billion in 2010, according to Alan Beamon, director of the…

Savannah Air Guard fire station gets LEED Gold

Savannah’s Air National Guard Fire Station received its Leadership in Energy and Environmental Design Gold Certification on Friday. The 165th AW and Combat Readiness Training Center Fire Station is the lead fire protection element at the Savannah/Hilton Head International Airport. The new fire station provides round-the-clock fire and emergency support for all inbound and outbound…

Could Redfields-to-Greenfields solve our debt glut and parks shortage?

The Georgia Tech Research Institute's Kevin Caravati shows where new metro Atlanta parks might be located during his appearance at the Sustainable Atlanta Roundtable. Photo by Ken Edelstein

At this morning’s Sustainable Atlanta Roundtable, Kevin Caravati gave us a closer look at the Redfields-to-Greenfields project, which I wrote about earlier this week. I still just get dizzy from the numbers, starting with the ambitious “what if” question posed in a report about Atlanta (one of 11 metro areas that have been studied by…

Georgia Tech’s Redfields-to-Greenfields aims to transform both parks and real estate

Apartments adjacent to the Beltline's new Historic Fourth Ward Park show how parks can boost real estate values. Photo by Ken Edelstein

Atlanta has foreclosed property and shuttered banks galore, as well as one of the largest park deficits of any metro area in the country. Ambitious as it sounds, a team at the Georgia Tech Research Institute is working on a solution for all those problems. Kevin Caravati, a senior research scientist at GTRI in Atlanta,…