Siemens AG (“Siemens”) has selected Molycorp, Inc. (NYSE: MCP) (“Molycorp”) to supply rare earth materials over the next 10 years from its Mountain Pass, California facility for incorporation into Siemens’ high-efficiency, direct drive wind turbine generators. Molycorp will supply rare earth materials to Shin-Etsu Chemical Co., Ltd. (“Shin-Etsu”), which will produce the rare earth magnets … Continue reading Molycorp Chosen to Supply Rare Earths for Use In High-Efficiency Siemens Wind Turbines
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Obama Administration pushes on offshore wind energy
A globally competitive Strategic Plan was announced for the creation of a national offshore wind power industry, with 10,000 MW to be installed by 2020 and 54,000 MW by 2030.
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