A123 Systems (AONE) is popping this morning on news it will expand its presence in the China market in a joint venture with SAIC Motor, a leading auto manufacturer in China. The two companies will co-develop complete lithium battery systems for hybrid and electric cars. The joint venture, called Shanghai Advanced Traction Battery Systems, will use the batteries in all SAIC manufactured cars and trucks and look to sell the battery to other manufacturers … Read the rest
All posts by Tate Dwinnell
A-Power (APWR) Surges Again As 600MW Texas Wind Farm Closer To Reality
Back on October 30th, it was first announced that A-Power Energy (APWR) through its Shenyang Power joint venture (of which it is majority owner) would partially own and be the wind turbine supplier for a 600MW wind farm in Texas. Today the project moves closer to fruition with Shenyang Power, US Renewable Energy Group and Cielo Wind Power entering into a definitive agreement with a signing ceremony in Wash DC today. The tentative delivery date … Read the rest
First Solar (FSLR) Guides 2010 Revenues Above Street, Capacity To Expand 50%
After the bell today First Solar (FSLR) issued guidance for next year with revenues expected to come in between $2.7 – $2.9 billion and EPS between $6.05 – $6.85/share. The Street was expecting $2.4 billion in revenues and a $6.55/share EPS, so about in line on the EPS side but more optimistic on the revenue side. The company plans to invest $365 million in two production plants in Malaysia (again, so much for green energy … Read the rest
Echelon (ELON) And GEO Team Up On New Energy Displays
Echelon and Green Energy Options Ltd. (GEO) just announced that they will be collaborating to build new energy displays for Echelon’s Networked Energy Services system. GEO’s displays will communicate with Echelon’s NES smart meters via Zigbee wireless protocols, bringing back information about current and historical energy use as well as energy pricing and displaying it in a format that is easy for consumers to read and understand. This collaboration dovetails nicely with the UK’s new … Read the rest
ReneSola (SOL) Surging 10% PreMarket On Morgan Stanley Upgrade
Shares of ReneSola (SOL) will finally surge above resistance of the 200 day moving average this morning after Morgan Stanley came out and upgraded the stock from Equalweight to Overweight and tripled the price target from $2.30 to $6.60.… Read the rest
LDK Solar (LDK) Gets 20MW Solar Plant Deal With Uni Land Of Italy
LDK Solar (LDK) has landed a 20MW solar plant deal with Uni Land of Italy. LDK will develop the plants in 2010 and 2011 and engineer, procure and construct the plants as well as supply the solar modules. Uni Land will finance the operation. It’s also being announced that Uni Land has purchased a 1MW plant from LDK for $7.3 million.
Said LDK CEO Xiofeng Peng, “We are continually expanding LDK Solar’s presence in the … Read the rest
PowerSecure (POWR) Gets Multi Year "Green" Landfill Deal
PowerSecure (POWR) has been awarded a multi year contract by Flint Energies to deploy a “green” landfill methane gas power system in Georgia. POWR will install, own and operate the system which turns methane gas into energy. The company expects to be finished with the project late next year and begin recognizing revenue in 2011. The project increases the company’s recurring revenue backlog by 35% to $50 million.
Shares of POWR aren’t moving much on … Read the rest
NRG Energy’s (NRG) New Wind Farm Now Producing Power
NRG Energy just announced that the new Langford Wind Farm in San Angelo, Texas has begun to purchase power commercially. The 150 MW windfarm, developed by NRG subsidiary Padoma Power, is expected to produce enough energy each year to power more than 100,000 homes. All power will be sold into the ERCOT system.
In a company press release, David Crane, President and CEO of NRG Energy, commented on the news:
“The Langford Wind Power Project … Read the rest
First Solar (FSLR) Becomes 1st Solar Company To Hit 1GW Production Benchmark In A Year
First Solar just announced that it has become the first solar PV company to increase its production over to 1 GW of PV modules in a single year. That means that this year, First Solar produced and shipped enough solar modules to provide power to 145,000 homes.
In a company press release announcing the achievement, First Solar’s president Bruce Sohn explained why hitting 1 GW production is important:
“This proof that the solar industry can … Read the rest
Rentech (RTK) Signs MOU With 13 Airlines
Rentech just announced that is has signed a non-binding memorandum of understanding with 13 different air carriers. Although the MOU is non-binding, its is expected to serve as the basis of a supply contract for the synthetic jet fuel that Rentech will produce at the Natchez Project, the fuel and power facility that Rentech plans to build in Mississippi.
If all goes well, the 13 airlines (Air Canada, AirTran Airways, American Airlines, Atlas Air, Delta … Read the rest