Word: dong
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Dates: during 2010-2019
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However, the day’s activities were quick to draw new participants to the sports of shooting and paintball. Eric S. Dong ’11, who played for HSC, was recently introduced to shooting through one of HSC’s earlier handgun courses. “Until then, I had never seen a gun up close before,” said Dong...
Within 10 years, Dong plans to triple its production of renewable energy. In 2009 it invested $3.32 billion in development - nearly half of which was marked for renewables. Underscoring its commitment to a green transformation, Dong is in the process of shutting down 25% of its coal-fired power plants and switching to straw-based and other renewable fuels. "We're taking the big steps now," says Eldrup. "This is different from politicians who make big promises to do something in the future. We want to show that you must have a big vision and be ready to deliver...
...February, Dong signed a licensing agreement with Japan's Mitsui Engineering & Shipbuilding for Inbicon's biomass-refinery technology to convert waste products from palm oil into ethanol. "In our view, being on the edge of new green technologies is a great opportunity," says Eldrup. "It gives us an advantage in reducing CO[subscript 2], but it also gives us technological advantages as well as business opportunities. The U.S. has very high ambitions to increase its ethanol production, and we think this might be a great opportunity in years to come...
...Dong is leveraging its position as the front runner in wind power to put it ahead in another potentially lucrative market: electric cars. Partnering with Shai Agassi's A Better Place, Dong is involved in a plan to store volatile wind power from turbines for electric-car batteries. Today the consumption and production of electricity from wind occur concurrently. Dong is working on a system in which batteries can be charged when cars are used least and when turbine generation is at its highest - at night...
...picture, long-term-payoff approach is what helps companies weather short-term vagaries. Dong recently reported a tumble in revenue from $11 billion in 2008 to $9.1 billion in 2009 - in large measure because of the global financial crisis and drop in energy prices. While the company said it expects higher sales in 2010, Eldrup looks beyond the quarterly reports. "This is the way the energy business is," he says. "We are working on a long-term horizon...