DENVER // When Barack Obama came to the Denver Museum of Nature and Science last month to sign his economic stimulus package, he climbed up to the roof to inspect the photovoltaic panels that power the building.
In doing so, he gave Namasté Solar, the Colorado firm that installed the panels, the kind of word of mouth advertising that a small start-up company dreams of.
"The stimulus package will have an immediate, positive impact on businesses like ours," said Blake Jones, chief executive officer of Namasté, when he introduced the US president. But he could have hardly imagined how immediate it would be in his case.
Within hours, Namasté's website had crashed because almost one million people tried to access it, and the 55-person Boulder firm has since received thousands of e-mails and hundreds of calls from potential clients.
The Obama administration, with its plans to ensure that 10 per cent of the United States' energy comes from renewable sources in just three years, has provided a jolt of electricity to the country's solar, wind and biofuels industries.
Even in these tough economic times, renewable energy is finally getting its day in the sun.
The solar industry, for example, has doubled in size every two years for the past decade, said Steve Robbins, an engineer at the National Renewable Energy Lab in Golden, Colorado, 26km west of Denver. "It has been steadily ramping up."
In 2004 the entire global photovoltaic industry had a production capacity of 1,195 megawatts. This year, one US firm manufacturing solar panels will produce that capacity on its own.
"Since 2004, the investment community has poured billions of dollars into development," said Ashutosh Misra, senior vice president of Ascent Solar in Littleton, Colorado, another Denver suburb, about 25km south. "All that investment is now beginning to bear fruit."
New products coming to market range from thin-film solar panels and fuels made from corn husks to wind turbines with blades the shape of scimitar blades and the size of jumbo-jet wings.
Mr Obama brings to the table an extremely ambitious agenda of his own, including a pledge to eliminate oil imports from the Middle East and Venezuela within a decade and to slash this country's carbon dioxide emissions by more than 30 per cent by 2020.
About 10 per cent of his stimulus package, some $80 billion (Dh294bn), will be invested in "green" projects or put towards tax breaks for renewable energy, conservation and efficiency measures.
"The important thing is that we can no longer afford our dependence on oil," said Mr Jones, himself a former employee of the energy firm Halliburton. "Like a sound investor, we need to have a balanced, diversified portfolio that has a mix of energy sources. We want solar, wind, hydroelectricity, even some oil and gas, but it should be in drastically smaller percentages."
Getting there will present the United States with tough challenges, however, in part because the US manufacturing base for solar, wind and biofuel products remains small.
Today, for example, the majority of photovoltaic panels are manufactured in Europe, Brazil and China, even those produced by US-owned firms. Denmark has a lock on the wind turbine industry. Its largest firm, Vestas, is about to open a plant in Colorado.
Mr Jones said he discussed this problem with Mr Obama and the vice president, Joe Biden, when they were on the roof of the Denver science museum last month.
"Countries like Germany, Japan and China invested in their renewable energy markets long before we did," Mr Jones said. "The early bird got the worm. Their domestic industries grew faster and developed earlier, and now they are exporting and their economies are benefiting."
There is some expectation the Obama administration will further subsidise renewable energy development, and may even raise the cost of using fossil fuels by implementing a programme similar to Europe's cap and trade policy.
"Europe put a cap on CO2 emissions and this is a central reason why their renewable energy market is growing so fast," Mr Misra said. "If the US matches this policy, it will be a major engine of growth."
Some go so far as to suggest that Washington should impose taxes to compensate for other costs related to burning fossil fuels, ranging from national security expenses linked to oil imports, heavy water usage associated with coal and the public health ramifications caused by pollution.
"There are numerous added costs to our society when we get our energy from fossil fuels," Mr Jones said. "But nobody talks about this stuff."
For some renewable energy gurus, it is less an issue of costs than about righting the imbalance between the energy-haves and the have-nots.
"You can't embargo the sun or the wind," he said. "You don't have to worry about it running out, and it's not like some countries have it and some don't."
gpeters@thenational.ae
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
Nick's journey in numbers
Countries so far: 85
Flights: 149
Steps: 3.78 million
Calories: 220,000
Floors climbed: 2,000
Donations: GPB37,300
Prostate checks: 5
Blisters: 15
Bumps on the head: 2
Dog bites: 1
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group
LA LIGA FIXTURES
Friday (UAE kick-off times)
Levante v Real Mallorca (12am)
Leganes v Barcelona (4pm)
Real Betis v Valencia (7pm)
Granada v Atletico Madrid (9.30pm)
Sunday
Real Madrid v Real Sociedad (12am)
Espanyol v Getafe (3pm)
Osasuna v Athletic Bilbao (5pm)
Eibar v Alaves (7pm)
Villarreal v Celta Vigo (9.30pm)
Monday
Real Valladolid v Sevilla (12am)
Expert input
If you had all the money in the world, what’s the one sneaker you would buy or create?
“There are a few shoes that have ‘grail’ status for me. But the one I have always wanted is the Nike x Patta x Parra Air Max 1 - Cherrywood. To get a pair in my size brand new is would cost me between Dh8,000 and Dh 10,000.” Jack Brett
“If I had all the money, I would approach Nike and ask them to do my own Air Force 1, that’s one of my dreams.” Yaseen Benchouche
“There’s nothing out there yet that I’d pay an insane amount for, but I’d love to create my own shoe with Tinker Hatfield and Jordan.” Joshua Cox
“I think I’d buy a defunct footwear brand; I’d like the challenge of reinterpreting a brand’s history and changing options.” Kris Balerite
“I’d stir up a creative collaboration with designers Martin Margiela of the mixed patchwork sneakers, and Yohji Yamamoto.” Hussain Moloobhoy
“If I had all the money in the world, I’d live somewhere where I’d never have to wear shoes again.” Raj Malhotra
Afghanistan Premier League - at a glance
Venue: Sharjah Cricket Stadium
Fixtures:
Tue, Oct 16, 8pm: Kandahar Knights v Kabul Zwanan; Wed, Oct 17, 4pm: Balkh Legends v Nangarhar Leopards; 8pm: Kandahar Knights v Paktia Panthers; Thu, Oct 18, 4pm: Balkh Legends v Kandahar Knights; 8pm: Kabul Zwanan v Paktia Panthers; Fri, Oct 19, 8pm: First semi-final; Sat, Oct 20, 8pm: Second semi-final; Sun, Oct 21, 8pm: final
Table:
1. Balkh Legends 6 5 1 10
2. Paktia Panthers 6 4 2 8
3. Kabul Zwanan 6 3 3 6
4. Nagarhar Leopards 7 2 5 4
5. Kandahar Knights 5 1 4 2
Company%C2%A0profile
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Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
Our family matters legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
A Prayer Before Dawn
Director: Jean-Stephane Sauvaire
Starring: Joe Cole, Somluck Kamsing, Panya Yimmumphai
Three stars