Nissan to develop own hybrid car tech

Nissan Motor Co., the third largest automaker in Japan, seeks to develop its own hybrid technolgy for small and midsize cars, according to a report from the Nikkei business daily today. The company would end its procurement of hybrid parts from Toyota.

Solar electricity generation will double in 2010

New solar electricity generation may double in 2010 due to inreasing demand for renewable energy from China and the United States, Thiemo Lang, a portfolio manager from the $324 million SAM Smart Energy Fund told Bloomberg today. Lang forecasted 10 gigawatts of electricity generated by the sun will be added next year, compared to 6 gigawatts this year.