Oil demand to rise in 2010

Demand for oil around the world is expected to increase by 900,000 barrels per day to 84.9 million bpd in 2010, the first increase in two years, according to a poll to oil analysts made by Reuters.

U.S. DOE deploys $54 M for energy efficiency and clean energy programs

The U.S. Department of Energy awarded the states of Nevada, Rhode Island, Vermont and Wisconsin with more than $54 million in funds from the economic stimulus package to develop energy efficiency and renewable energy projects. The agency is aiming to boost the economy by creating jobs and increasing energy independence, according to a statement from the DOE on Monday.

Ener1, Think may get deal to electrify cars in Japan Post

U.S. based batteries maker Ener1 Inc. and electric car maker Think said Japan Postal Service is testing their jointly developed electric drivetrain to convert its gasoline-powered delivery trucks to electric vehicles. The companies are looking for the potential deal to electrify Japan Postal Service fleet of 22,000 delivery vehicles.