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Energy: Going forward while looking back

I have been feeling guilty about not posting in a while but I have been traveling and just came upon something worthy and a terminal that is convenient at the same time. Warren Buffett of Berkshire Hathaway (NYSE:BRK.A) has made big news recently having purchasing an Israeli metal working company named Iscar, his first outside the United States. My day has been spent with Jonathan Medved of Israel Seed Capital, that most notably just sold Shopping.com (another Israeli Company) to eBay, Inc. (NASDAQ:EBAY)...so what now?

It turns out that a company called GNRY Green Energy has started generating substantial amounts of power utilizing steam generators for industrial use primarily associated with food processing plants. GNRY has taken equipment readily available in the United States and waste product from trees in Israel, and instead of disposing of them in landfills is using them as fuel. By utilizing existing technology, looking backwards -- wood is an ancient fuel -- and extending its usefulness in a way not previously used in these types of factories, they are moving forward by salvaging waste to reduce energy consumption at the plants and conserve precious land.

Continue reading Energy: Going forward while looking back

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DJIA-158.5610,305.84
NASDAQ-36.712,139.34
S&P 500-18.951,091.68

Last updated: November 27, 2009: 10:43 AM

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