
Source : Cars in action, July 29th, 2009
Money isn't the only green thing that Berkshire Hathaway CEO Warren Buffett has a lot of. Buffett's firm continues to increase its portfolio of investments that can be considered green, or environmentally friendly.
Berkshire unit Johns Manville, which manufactures building products, announced this week that it has entered the solar panel market by signing a deal with Energy Conversion Devices. That's far from the only green business that Berkshire is involved in. MidAmerican Energy Holdings Co. has major investments in wind power. Berkshire owns 10% of BYD Co., a Chinese auto and battery maker that makes plug-in hybrid vehicles.
Last fall Buffett put $3 billion into General Electric, which has a major initiative toward green energy. Berkshire's investment in Burlington Northern could be considered "green," since trains are far more fuel-efficient than trucks. And major holding ConocoPhillips has a huge natural gas business, a fuel than burns cleaner than coal or oil. At this year's Berkshire annual meeting in Omaha, Clayton Homes had on display its new "i-house," which features solar panels and many other green materials. Buffett wrote in the 2008 letter that electricity and heat would cost just $1 a day in the i-house if it were sited in Omaha.
Buffett is probably as environmentally conscious as the next guy, but my guess is he's adding to Berkshire's green holdings to make his shareholders a different kind of green. He likely sees green investments as a necessary and profitable endeavor in this hot, flat and crowded world (to steal a line from Thomas Friedman).
Despite the flailing economy, many major companies (Wal-Mart, McDonald's, and Exxon, to name a few) have invested heavily in sustainable technologies that could mitigate the effects of global warming.
Good news: these investments will pay off with more than just karma points, according to the Intergovernmental Panel on Climate Change (IPCC). Rajendra Pachauri, head of the IPCC, told the The Guardian that the cost of tackling climate change will be negative overall because of the monetary benefits of cutting carbon emissions.
This seems obvious in the long term--reducing global warming will prevent costly weather-related disasters that leave cities ravaged. But the benefits go beyond that. Pachauri claims technologies like plug-in hybrid cars and biofuels will shield consumers from rising oil prices, alternative energy sources will lead to energy security, and other climate change security measures could create new jobs, lead to more productive agriculture, and lower air pollution.
Again, these are obvious assumptions, but Pachauri assures us that dealing with them now will be much cheaper than in, say, 10 years when climate change has really begun to take effect. Forward-thinking companies already know this and have begun to prepare. Even longtime climate change skeptics like Exxon CEO Rex Tillerson have resigned themselves to taking immediate measures. Exxon, who once referred to biofuels as "moonshine", invested $600 million in algae-based biofuel just last week.
At this point, any company that refuses to prepare for imminent climate change might be saving cash in the short term, but their long-term prospects look grim.
Mitsubishi is planning to launch an extended range of its all-electric i-MiEV city car.
The Japanese firm’s president Osamu Masuko has said Mitsubishi is looking to launch cheaper i-MiEVs which cover shorter distances on a single charge. It is also planning to launch an i-MiEV capable of travelling 124 miles (200 km) on a single charge, up from the 100 miles that the current car can manage.
Masuko plans for electric and hybrid cars to make up 20% of its sales by 2020. “We have to understand that the automotive industry is facing a big change; the business model that worked for the last century will not be sustainable in the future,” he said.
“We need to show concrete actions on how Mitsubishi Motors will meet these challenges. It's important to take the first step.” The current i-MiEV is only available to lease in Japan at the moment, but it is set to be officially made available for sale in Europe late next year.
A plug-in hybrid model is also set to follow within three year; this will be launched at the Tokyo motor show this autumn.
Source : Autocar.co.uk, July 22nd, 2009
“We need technology that allows this country’s manufacturers to produce better hybrid and electric vehicles to keep up with overseas markets,” explained Dr. Xiangwu Zhang, assistant professor of textile engineering, chemistry and science in the College of Textiles at North Carolina State University.
Ford pulls out from the blind spot into the green auto market with its 2010 hybrid models and a fleet lined up for the next two years that may surprise you.
Ford held a press conference that kicked off the 4th annual Green Drive Expo held at the Alliant Energy Center and explained what the Ford engineers have been doing behind the curtain. Jennifer Moore, with the communications staff at Ford, stated “earlier this year we moved to double the production of our hybrids by doubling the hybrid offerings when we brought out our new Fusion hybrid (hereby picture) and the Mercury Milan hybrid. Those cars surprised a lot of people, including our competition, particularly when they delivered 41 mpg in the city, eight miles better than our nearest competitor. We beat that because we raised the bar high and then we met it.”
Wayne Gerdes, a hypermiler and owner/administrator of CleanMPG, lead a team to test the 2010 Ford Fusion and got 1445.7 miles on a single tank of gas with an average of 81.5 mpg. Some of the new technologies the 2010 hybrid models have enabled features like: smoother transition from electric to combustion, more power, improved battery technology with no cooler needed (less weight), a hugely improved regenerative braking system, smarter environmental controls to improve overall economy, the ability to drive at 47 mph on the electric motor, and an interactive dashboard that can help guide the driver’s habits toward a higher fuel efficiency.
One of the engineering leaders in the research, Praveen Cherian, said there were “guys who would smell the exhaust to make sure we had a lean burning exhaust. I mean I had a guy doing cold starts in the morning sniffing the exhaust, I couldn’t believe it!” He added that the members of the team even practiced energy frugality in the office by turning off unnecessary lights and equipment. “This is the passion the hybrid team has.”
I took the 2010 hybrid Mercury Milan (41/36 mpg) out for a spin with Praveen Charian. After he gave me a quick introduction to the SmartGauge and some fuel-saving driving tips we were off. The Milan handled like any luxury four-door should: a very smooth ride, comfortable seating, easy access to controls, and a get-up-and-go capability. Without regard to how my fuel economy was I still noticed the car was getting excellent mileage, which means the average driver will not have to change the way they drive to gain the benefits of a hybrid. With the transition between the combustion engine and the electric motor being non-existent and an extremely smooth regenerative braking system anyone could be fooled to think they were not in a hybrid. Praveen also showed me how the SmartGauge can coach me on how to optimize my driving efficiency, which is not too different than what you learned in driving school. Bottom line is the dollar, right?
I asked Jennifer Moore what the price tag was on the Fusion and she said it was in the $27,000 range with the Milan being around $33,000. She said with the new technology the cost is greater but she expected they would bring that cost down as they perfected production. She also noted the EcoBoostengine technology Ford is working on with their combustion engines will not cost as much as the hybrids but will deliver up to 20% better fuel economy and 15% fewer CO2 emissions. The wallet conscious can still be environmentally conscious.
What to expect from Ford in the next two years? With the Transit Connect (battery electric vehicle) commercial van already in the market, Ford and Magna International plan to release a small BEV sedan in 2011 that can be charged from standard household power outlets. They are targeting 100 miles from an overnight charge. In 2012 they will release their first plug-in hybrid electric vehicle (PHEV) to the public with a demonstration fleet of Escape PHEVs currently on the road with eight U.S. utility companies to explore the logistics and expectations of private use.