Energy
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Gasoline prices climbed back up again in Rhode Island this week while the Massachusetts average remained unchanged from a week ago, reflecting volatility in national gas prices, according to the weekly survey by AAA Southern New England. more
The R.I. Commerce Corporation Monday authorized a $3 million investment in the Slater Technology Fund’s new venture capital fund for Rhode Island energy sector startups. more
Robert W. Shields, chairman of Narragansett-based political action committee Deepwater Resistance, has filed a complaint in R.I. Superior Court against the R.I. Coastal Resources Management Council and Deepwater Wind LLC. more
The Slater Technology Fund is seeking $3 million from the state Renewable Energy Fund to seed a new $8 million investment vehicle for Rhode Island early-stage energy companies. more
Deepwater Wind’s five-turbine Block Island Wind Farm could get final approval on its federal permits in July, Michael Elliott, U.S. Army Corps of Engineers project manager for the wind farm, told Providence Business News Friday. more
(Updated, July 10, 11:02 a.m.) Cape Wind Associates LLC has a tentative agreement to lease 14 acres at Quonset Business Park in North Kingstown as a staging area to build its planned 130-turbine windfarm off the coast of Massachusetts, the Quonset Development Corporation said Wednesday. more
Cape Wind Associates LLC has reportedly signed a lease agreement with the Massachusetts Clean Energy Center to use an industrial terminal that the agency is building on the waterfront here, apparently for staging and assembly of Cape Wind’s 130-turbine wind turbine project in Nantucket Sound, the Boston Business Journal has reported. more
Rhode Island is still waiting to experience the growth in residential solar-energy adoption that’s taken place elsewhere in the country. more
The Block Island Wind Farm demonstration project for Deepwater Wind LLC has received two long-awaited federal permits through the U.S. Army Corps of Engineers. more
Alstom SA CEO Patrick Kron called on the French government to back a $17 billion offer by U.S. rival General Electric Co. for its energy units, saying uncertainty about his company’s future is making it difficult to win orders. more
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