Infrastructure News
August 30, 2010 | DNAinfo
MIDTOWN — After the City Council approved the construction of a skyscraper that will rival the Empire State Building, those who live at its feet are bracing for the consequences.
The new tower set to soar over West 32nd Street and Seventh Avenue, the site of the current Hotel Pennsylvania, is just one of three multi-billion dollar construction projects set to transform Midtown's 34th Street transit hub over the coming decade. And those who live near-by wonder if it's too much development for three blocks to handle.
"I feel like lying down in front of the hotel and letting them run over me with a bulldozer," said Bonnie Edwards, 57, a lawyer who has lived in the neighborhood for 30 years. "It's crazy. How do they expect people to be working in the midst of all this development?"
In addition to the skyscraper, known as 15 Penn Plaza, construction is already underway in New Jersey on the $8.7 billion Access to the Region's Core project — one of the largest transportation projects in the nation — which will bore two new train tunnels under the Hudson River to double capacity to Midtown. The project includes a new train station beside Penn Station, a handful of new subway entrances and the demolition of numerous buildings nearby.
On the other side of Penn Station, the James A. Farley Post Office is set to begin its billion-dollar transformation into the new Moyninan Station this fall. While the Empire State Development, which is overseeing the project, refused to provide details, the project will likely include at least one new 1 million-plus square-foot office tower, according to Friends of Moynihan Station.
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August 30, 2010 | Sustainable Business
The Bureau of Land Management (BLM) has released the Final Environmental Impact Statements (FEIS) for two more massive solar thermal projects planned for the California desert.
One of them, the Blythe Solar Power Project, proposed by Chevron (NYSE: CVX) and Solar Millennium is a $6 billion project, planned for nearly 1 gigawatt (GW) of power, making it the largest single planned project in the world.
The Blythe project would be built on 7,025 acres of BLM-administered land in eastern Riverside County, California, eight miles west of the city of Blythe and 3 miles north of Interstate 10. The proposed project would consist of four parabolic trough solar-thermal power plants with a total expected capacity of 968 megawatts.
Parabolic trough technology utilizes rows of parabolic mirrors that focus solar energy on collector tubes. The tubes carry heated oil to a boiler, which sends live steam to a turbine. The steam is then fed to a traditional steam turbine generator, which produces electricity.
The other project--also located in Riverside County--is the Genesis Solar Energy Project. Genesis Solar, LLC is a subsidiary of NextEra Energy Resources (NYSE NEE).
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August 27, 2010 | Greentech Media
A proposed $810 million high-speed rail line funded by federal stimulus money that These companies to follow actually have real products, serious revenue and the prospect of profits in high-growth markets.
Here's a list of ten potential greentech IPOs coming in late 2010 through 2012:
Bloom Energy has a great story, revenue from the sales of its Bloom Boxes and marquee customers including Cypress, Google, FedEx and San Francisco's SFO Airport. The company's Solid Oxide Fuel Cells (SOFCs) are an alternative to diesel gen-sets in the off-grid world and to the electric grid in the developed world. The fuel cells run on natural gas which, in the view of some, makes the value proposition fragile. But a strong team, veteran investors and a big narrative make this a firm to watch, profitability and value proposition notwithstanding.
Bridgelux has emerged from the pack of LED start-ups with a solid product roadmap and a CEO (Bill Watkins) familiar with the scale-up issues surrounding tech companies. The firm is aiming at the commercial market, avoiding the coming residential bulb bloodbath. Still, Bridgelux must compete against Philips, Osram, GE and other companies with over 100 years of experience and mature sales channels all over the world. Reliable sources at the Director level inform us that revenue is in the high tens of millions.
BrightSource Energy is the leader in the solar thermal startup world -- now that the Ivanpah CSP plant has been given the green light. That's hundreds of megawatts of power under contract and gigawatts of power in the pipeline. An enormous $1.37 billion federal loan guarantee has been won and investors, developers and EPC personnel are in place. But revenue doesn't flow until power flows which explains the company looking at Thermal Enhanced Oil Recovery (TEOR) as a shorter term revenue source.
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August 29, 2010 | Star Tribune
A proposed $810 million high-speed rail line funded by federal stimulus money that would link Wisconsin's two largest cities has become an emblem of the battle for control of the U.S. Senate.
Republicans say linking Milwaukee and Madison would waste taxpayer money, while Democrats call it an economic development project akin to the Interstate highway system.
The rail proposal, part of $8 billion in economic stimulus grants awarded earlier this year to 13 rail corridors, is among the initiatives pushed by President Obama that Sen. Russell Feingold, a three-term Democrat with a record of an independent streak, is defending this election season.
"This is, in fact, building a legitimate, environmentally sound infrastructure for the future of our state," Feingold, 57, told a group of business leaders in Madison.
Feingold is planning to face Ron Johnson, a plastics executive seeking public office for the first time, in the November election. Johnson, 55, says the rail line is an example of excessive Washington spending.
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August 28, 2010 | New York Times
AMERICANS, take heed. Here is what it takes to bring one of the world’s great transportation networks to its knees: a tiny electrical fire in an obscure contraption of levers and pulleys, installed nearly a century ago.
The scenario played out last week at the Long Island Rail Road, steward of more than 100,000 daily commutes in and out of New York, after a pair of cables short-circuited and set fire to a single 1920s-era signaling machine that left the railroad unable to run trains through a crucial hub station. Delays and canceled trains plagued commuters for days, and as the workweek ended officials still could not say when full service would be restored. The ancient machine had been due for a multimillion-dollar upgrade, but it turned out the program was over budget and behind schedule.
Normally blasé New Yorkers seemed stunned at the vulnerability of their railroad, but in that, they should not have felt alone. The combination of antiquated hardware and delayed maintenance is far from uncommon in America’s infrastructure, a Colossus often held together by spit and glue.
Consider the nation’s dams, on average a half-century old. Despite their monumental size, the dams can be weakened by foraging gophers and squirrels, whose holes undermine the foundations. Or even by simple operator error. A major gate at Folsom Dam in California burst in 1995 after the wrong lubricant was used on its gears.
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