Schlumberger Ltd.led a $23.5 million investor round for Hayward, CA-based Alphabet Energy to help the company expand production of its Power Generating Combustor (PGC) system, which helps to reduce natural gas flaring. Alphabet, whose investors also have includedEncana Corp., said Schlumberger participated withGM Ventures, Osceola Capital Management LLC, TGP, Claremont Creek Ventures and the California Clean Energy Angel Fund. Alphabet is commercializing a waste heat recovery technology initially developed at the Lawrence Berkeley National Laboratory. The PGC system is designed to eliminate the need for diesel- and natural gas-powered generators and electrical grid connections at well pads to reduce fuel, rental and maintenance costs, and to eliminate emissions. Alphabet also has opened a Houston office to keep pace with energy industry demand for remote power generation solutions.
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Although maligned and defined in various quarters by its “alphabet soup” approach to energy acronyms and detailed action plans, California needs to expand its return to comprehensive energy planning with something called “DRP,” dynamic resource planning, according to the chairman of the California Energy Commission (CEC), Joseph Desmond, speaking Monday at the opening session of the three-day national conference of the American Public Power Association (APPA) in Anaheim, CA.
Hurricane Georges roared through a deserted eastern Gulf of Mexico today, the fifth of what has been an alphabet soup of named storms to hit in four of the last five weeks, once again sending producers scurrying for shore, shutting in production or putting wells on automatic pilot.