Originally published December 1 2005
Alternative energy businesses reporting significant increase in sales
by Mike Adams, the Health Ranger, NaturalNews Editor
Because of the predicted 46 percent increase in the price of natural gas, solar panel businesses and even companies selling relatively new energy converters are reporting record sales figures.
Oil companies aren't the only ones benefiting from high oil and natural gas prices.
From contractors in Columbus to coal mining companies nationwide, plenty of firms are cashing in on the cost of energy, as individuals and businesses scramble for alternate fuels and more efficiency.
"We're just swamped," Mike Rosati, president of Rosati Window Co. in Columbus, Ohio, told Columbus Business First.
In Columbus, Business First reports, homeowners are making last-minute improvements to stave off heating cost hikes.
It's a natural reaction to government predictions of natural gas hikes in the 46 percent range and fuel oil increases of about 32 percent.
Rosati told the Business Times he'd hired nine extra workers to help keep up with demand, and expected to hire 10 more in the next few months.
"The high cost of natural gas and electricity is making our alternative energy option economically feasible," Dan Eastman, vice president for Microgen Cogeneration Systems, Inc., told the Business Journal serving Greater Milwaukee.
Eastman's Golden, Colo., firm sells equipment to turn animal waste into energy.
It's seeing more business from rural electric cooperatives and farms and working to strike additional deals around the country.
Meanwhile, companies that make solar panels, or photovoltaic systems, are also seeing big increases in business, thanks to higher prices for other energy sources.
As prices for oil and natural gas climbed through the past year, so have installations of photovoltaic systems.
"Business is going great and we've been growing right alongside demand," UniRac Inc. Vice President Hal Newman told the New Mexico Business Weekly.
The Baltimore Business Journal reports that Foundation Coal, the nation's fourth largest producer, has seen revenues jump 33 percent since 2004.
"We believe that the foundation is in place for an extended period of attractive coal market dynamics and strong pricing," president and CEO Steven Leer said, in a statement announcing earnings.
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