Dow Corning, Wells Fargo Embrace Wind Power
13 Febbraio 2009 - 5:04PM
PR Newswire (US)
WASHINGTON, Feb. 13 /PRNewswire/ -- America's leading corporations
are turning off fossil-fuels and switching to clean, green wind
power. The trend began during the Bush years, but recent
announcements from some of America's largest corporations indicate
the switchover may be accelerating, in harmony with the Obama
administration's strong support for both wind and solar energy. On
Tuesday Dow Corning announced it is purchasing nearly 100% of the
electrical load required for the Company's corporate headquarters
in Midland Mich. where more than 1100 employees work. Dow Corning
is equally owned by Dow Chemical (NYSE:DOW) and Corning (NYSE:GLW)
and is also a manufacturer of silicones used to make wind turbines
run more efficiently. Wells Fargo (NYSE:WFC), the San Francisco
based bank, has offset its entire corporate energy consumption with
wind power. The Company was recognized in the latest January 09
2009 Environmental Protection Agency (EPA) "Green Power
Partnership" rankings as one of the nation largest Fortune 500
purchasers of wind power. Despite the economic slowdown, the U.S.
wind power industry continues to grow rapidly. In the fourth
quarter of 2008 the U.S overtook Germany to become the world leader
in wind power, rocketing past 21,000 megawatts of installed
capacity - equivalent energy to service 5.5 million American homes,
according to the American Wind Energy Association. A report from
Advisory Research indicates it is the companies building the new
wind farms which may be the biggest beneficiaries of corporate
America's accelerating demand for wind power. The report focuses on
NACEL Energy (OTC Bulletin Board: NCEN) which has four wind farms
underway in the Texas Panhandle - regarded as the nation's best
wind area. The analysts at Advisory Research have a $3.07 valuation
on NACEL which closed yesterday at $1.70. Before the Bell
Publishing LLC advises C.M. Biddick is a member of the Financial
Industry Regulatory Authority (FINRA) CRD number 2382884
DATASOURCE: Before the Bell Green Energy Watch CONTACT: Before the
Bell Publishing LLC, 1-888-249-3011
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