Further signs of green energy push.

I was reading my favorite alternative energy and technology blog, the Green Wombat, and found out another strong indicator that there is definitely money to be made in greenville.

From the Green Wombat article on December 18th, 2007, PG&E signs nation's first wave-energy deal: "Like the Golden State's other big investor-owned utilities -- Southern California Edison (EIX) and San Diego Gas & Electric (SRE) -- PG&E (PCG) must obtain 20 percent of its electricity from renewable sources by 2010 and 33 percent by 2020."

That's a huge percentage of energy that will have to come from somewhere. From the articles I have found, it would seem that wind farms are growing in the Great Plains, Midwest, and Southwest areas, solar developments in Arizona, California, and Nevada, and it sounds like the beginnings of wave farms off the coasts of California and Oregon. This looks like it is a real trend, not just wild ideas. Where there are new trends there is money to be made.

If this trend continues look for greener pastures for the solar companies and wind companies, which are becoming more and more mature each passing day. These wave farms are really in their infancy (in other words, the technology is still being perfected) but really may prove to be something good in the future. Also worth noting, is that neither solar or wind energy solutions can "store" their respective fuels or energy where as coal, gas, oil, and nuclear can. So look for a lot more money to be made with battery makers and electronic part and control suppliers like ROK and ULBI as well.

Good luck…