BP green investment: BP is to spend $1.5 billion on its Alternative Energy business this year, which encompasses wind power, solar and biofuels. The company says the investment is an acceleration of its long term, $8 billion plan for the company, and that it is looking to grow the business primarily for its equity. However, BP says it has no immediate plans to sell the business.
Fuel cell commercialisation: Australia’s Cermaic Fuel Cells has won a 50,000 order for its domestic combined heat and power (CHP) units from Dutch energy company Nuon. Ceramic Fuel intends to build a ?12.4 million manufacturing plant in German, with capacity to build 160,000 units per year, to meet demand.
