Enerdel just announced that they have been selected to supply batteries for a Japanese electric bus. The bus, which will be Japan’s first electric bus powered by lithium-ion batteries, was converted by Tokyo R&D on behalf of Hokuriku Electric Power Company, and is part of Enerdel’s “Green Crossover Town” collaboration with ITOCHU Corporation. The bus will begin providing transportation in the city of Toyama.
In a press release, Naoki Ota, Chief Operating Officer for EnerDel, … Read the rest
Cree just announced a new distribution agreement with Arrow Electronics. Under the agreement, Arrow will distribute Cree’s SiC Junction Barrier Schottky (JBS) products, including the 600-V Schottky diodes and the 1200-V Schottky diode line.
In a press release, Bob Pollock, Cree’s senior VP of sales, commented on the news:
“Together, Cree and Arrow intend to accelerate the adoption of silicon carbide power semiconductors to create more efficient switching power supplies , alternative energy converters … Read the rest
As I mentioned in the last market health blog post over at Self Investors, the market has turned to the bearish side and I have two videos for you today taking a look at this important index. One video is from me, taking a look at all the important support and resistance levels on the weekly, daily and hourly time frames of the SPY (S&P tracking ETF) and the other is from Adam Hewison of … Read the rest
Enerdel, a subsidiary of Ener1, just announced that they will be investing $237 million in their new battery plant in Indiana, according to this press release . Backed with a mix of private funds and public incentives, the plant will enable Enerdel to meet anticipated demand for its batteries. It will also more than double Enerdel’s production capacity, allowing Enerdel to produce enough batteries to power 600,000 hybrids or 60,000 electric cars. Private incentives received … Read the rest
Rino Intl (RINO) has been hit hard over the past two weeks after a torrid run this year, but is seeing a nice recovery this morning on news the company has landed a $34 million desulphurization construction and $84 million operations contract with Shougang Jingtan Iron & Steel. The contract includes the design, construction and installation of two Semi-Dry Flue Gas Desulphurization Units which are expected to filter out more than 90% of the sulphur … Read the rest
I’m happy to say that all the green stocks tracking pages (links above) now display a real time twitter feed of the stocks that I’m tracking in each section! I just put it up today, so undoubtedly there will be bugs and issues to deal with, such as the occasional spam poster. I’ll be exploring other ways to help keep you up to speed on all the latest and greatest in the world of green … Read the rest
Shares of A-Power Energy (APWR) which had been on a tear have given it all back in a just a couple weeks with the private placement this morning providing a staggering blow. The company announced that it had closed a private placement for $83 million in cash to institutional investors with the bulk of the proceeds being used to fund the EVATECH acquisition. Why the company would issue these shares at $14.37 crushing existing shareholders … Read the rest
Comverge just announced that it has signed a new 10-year agreement with the University of Maryland to provide demand response services at state agencies and University of Maryland campuses. This agreement is an extension of an existing agreement with the University of Maryland. Over the past two years, Comverge has already achieved load reductions of over 20 million kilowatts. Under the new agreement, Comverge will continue to help UMD save energy by continuing to offer … Read the rest
Jim Cramer has a good history of recommending stocks that are well overbought and he’s adding another one. Last night on his Mad Money show he recommended a few smart grid plays – Itron (ITRI), Cooper Industries (CBE) and Telvent (TLVT). I have long highlighted ITRI as the best and safest way to play the smart grid long term and it remains in a firm up trend. CBE is an interesting pick and one that … Read the rest
EnerNOC just announced that Boston’s Seaport Hotel and Seaport World Trade Center has chosen its CarbonTrak application to manage its carbon footprint. The hotel, which ForbesTraveler.com called one of the “Greenest Hotels in America,” will record its carbon footprint with the application and report the information to the Carbon Disclosure Project, which collects data on the carbon footprints of over 2.500 organizations, as well as using it to identify ways to make their carbon footprint … Read the rest