Home Energy Savings in The Kitchen

Green KitchenSaving energy at home is on every one’s minds these days. The kitchen is a major energy hog until induction cooking came along.

So, how can we “go greener” in our kitchen?

Induction cooking uses 90% of the energy produced, compared to only 55% for a gas burner and 65% for traditional electric ranges.

Traditionally, when we cook, we produce heat on a stove top which then heats a pot or pan, which in turn heats (cooks) our food. So, what’s the problem? The problem is, more of heat energy is going to the cooking vessel than to the actual food itself.

Induction cooking is a method, completely different from all other cooking technologies–it does not involve generating heat which is then transferred to the cooking vessel, it makes the cooking vessel itself the original generator of the cooking heat.

An induction cookeruses induction heating for cooking. A conducting pot is placed above an induction coil for the heating process to take place. This type of cook top does not work with cooking vessels that are constructed from non-magnetic materials (e.g., aluminum or glass) . Unlike alternatives such as electric hotplates and open-grills, an induction cooker creates no heat; only the vessel used for cooking is heated.

Induction cookers are faster and more energy-efficient than traditional cook tops. Unlike traditional cook tops, the pot itself is heated to the desired temperature rather than heating the stove top, reducing the possibility of injury. Induction cookers are getting popular and less expensive than traditional cookers. According to the Department of Energy, the efficiency of energy transfer for an induction cook top is 84%, versus 71% for a smooth-top non-induction electrical unit, for an approximate 20% savings in energy for the same amount of heat transfer.

Market for induction stoves is dominated by German players, such as AEG, Bosch, Miele, Schott AG and Siemens.

Pressure cookers are another great way to save energy in the kitchen, reducing cooking time by up to 70 percent.

Green cooking is on the rise these days. No doubt about it, building green is going to be the way of the future and the appliances and way we use our homes will also adapt to a greener lifestyle. Who would have thought that you could cook without heat? Just shows how smart we can live by going green.

Photo Credit: Srbyug Flickr Creative Commons

Analysts Suggest Ford Cut Dividend; Move May Reflect Severity of Situation.

Knight Ridder/Tribune Business News October 6, 2001 By Jamie Butters, Detroit Free Press Knight Ridder/Tribune Business News Oct. 6–Analysts hint that Ford Motor Co.’s board of directors should cut the dividend sooner rather than later.

Facing the possibility of a recession and the certainty of a second-straight quarterly loss, the board’s regularly scheduled meeting Thursday could lead to the Dearborn automaker’s first dividend cut since 1991.

Ford historically has cut its dividend, which pays the founding Ford family $85 million a year for its Class B shares alone, after slow industry sales start to recover. website ford stock price today

But analysts suggest the board act sooner this time to conserve cash and show that shareholders are willing to take their share of the pain.

“A dividend cut sends a message about the severity of the situation to all constituencies (labor, management, suppliers, etc.),” Morgan Stanley analyst Stephen Girsky wrote this week. “Thus, a larger-than-expected dividend cut would not only save more cash, but would send a message that the board is taking the current situation very seriously.” He said the board is likely to cut its dividend, currently $1.20 per share annually, by 40 percent to 60 percent, saving about $1 billion a year.

UBS Warburg analyst Saul Rubin predicted in August that Ford would cut its dividend in 2002. And Rod Lache of Deutsche Banc Alex. Brown told Bloomberg on Friday that he wouldn’t be surprised to see the dividend cut in half next week.

But analyst Brett Hoselton of McDonald Investments Inc. in Cleveland said a dividend cut next week would be premature, even though investors seem to expect one sooner or later.

The Ford stock price rose 43 cents Friday to $17.67 a share.

The company needs to conserve cash now that it expects to lose money for the second straight quarter, due to the high cost of a zero-percent financing offer, slumping business at its Hertz Corp. rental-car subsidiary and the $3-billion cost of replacing 13 million Firestone tires it no longer considered safe for its customers.

But the problems are not limited to this year.

“Ford’s marketing costs continue to rise, while sales continue to fall,” Girsky wrote. “This may be a sign of a tired product line or tired consumers. In either case, it suggests earnings could get worse if sales weaken.” He predicts profits next year of 70 cents a share, a little more than half the current dividend rate. fordstockpricetodaynow.com ford stock price today

Analysts’ average expectations are for profits of $1.23 a share next year.

But consensus forecasts have been of dubious value since the Sept. 11 terrorist attacks, which created widespread uncertainty about consumer confidence and other elements of economic models.

Ford warned Tuesday that in the third quarter it would lose more than 10 cents a share, excluding a onetime loss of 10 cents a share, which led analysts to increase their projected loss to 16 cents a share, according to a survey by First Call/Thomson Financial.

The consensus Friday was for a loss of 28 cents a share.

Several analysts have boosted loss estimates dramatically.

John Casesa of Merrill Lynch now forecasts a loss of 30 cents a share. Greg Salchow of Raymond James & Associates expects a loss of 32 cents a share. And Girsky now projects a loss of 35 cents a share.


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