American Superconductor (AMSC) has landed another contract from China’s largest wind turbine company Sinovel. This time it’s a big one – $100 million to be exact. AMSC will supply Sinovel core electrical components for its 3MW wind turbines and begin shipping in March of next year.
“Over the course of the past four years, Sinovel has transformed from start-up mode into China’s largest wind turbine manufacturer,” said Greg Yurek, founder and chief executive officer … Read the rest
Hoku Scientific (HOKU) has been thrown a big Chinese life preserver and shares are soaring in after hours trading. China’s Tianwei New Energy Holdings announced a definitive agreement after the bell today to convert $50 million in prepayments to Hoku into common stock and related warrants (giving the company 60% ownership), another $50 million in debt financing and a commitment to help Hoku obtain additional financing if needed. Financing will be provided by Tianwei and … Read the rest
Fuel Systems Solutions just announced that propane and gasoline GM industrial engines produced by its subsidiary, IMPCO, have been approved by both the California Air Resources Board (CARB) and the Environmental Protection Agency (EPA).
In a press release, Peter Chase, IMPCO’s COO, described what IMPCO will be offering industrial customers in 2010″
“Our GFI brand acquisition combines the industry’s most proven industrial propane fuel injection platform with the largest independent emissions certified engine … Read the rest
Energy Focus, Inc just announced that they have signed a letter of intent to purchase Stones River Companies. The purchase of the Nashville, Tennessee-based company will give them access to the $100 billion market in the public sector for energy-efficient lighting. The deal is expected to be complete within the next 90 days.
In a press release, Joseph Kaveski, Energy Focus’ CEO, explained how the purchase will benefit both companies:
“SRC’s business is based primarily … Read the rest
PowerSecure International (POWR) has announced $12 million in new orders which include orders for smart grid power systems and new utility infrastructure projects. The new orders represent roughly 30 – 40% of what the company brings in each quarter in revenues, so not a huge order but significant. Revenue will be recognized once the projects are completed which the company expects to happen beginning in the 4th quarter of this year and continue through the … Read the rest
In a Barron’s interview this weekend, Hapoalim Securities solar analyst Gordon Johnson reiterated his bearish call on the sector due to oversupply and soft demand. He sees a supply vs demand ratio of 7.1GW:4.4GW for this year and 10.8GW:6GW for next year, so sees it getting worse, not better. When asked about the recent run in solar stocks, he attributed it to the excitement over China’s feed in tariff program and said the excitement is … Read the rest
Applied Materials just announced that it has been granted a contract to service Fujitsu’s 300mm semiconductor factory in Mie, Japan. Under the contract, Applied Materials will service 100 chipmaking st ystems at the plant that use the company’s Applied Performance Service(TM) solution. Applied Materials will also use Applied E3(TM) advanced equipment and process control technology to improve the efficiency and profitability of the plant as a whole.
In a press release, Kiyoshi Watanabe, Fujitsu’s corporate … Read the rest
Fuel Systems Solutions has announced that they are in the process of lining up automotive fleet customers for their EPA-certified bi-fuel systems. Initial customers who have placed orders include energy companies like Chesapeake Energy Corporation, Apache Corporation, Anadarko Energy, DCP Midstream Partners, Laredo Energy and National Oilwell Varco. They also have orders from as well as state and municipal organizations in Texas and Oklahoma, including the Texas Department of Transportation, the Railroad Commission of Texas … Read the rest
NRG Energy just announced that it has been chosen by the city of Houston to build and operate a 10 MW solar power installation, according to Reuters. The project will be constructed at NRG’s Wharton Generating Station using First Solar’s PV modules.
The City of Houston has agreed to buy the power produced by the solar installation as well as from NRG’s conventional power plant under a fixed-price, 25 year contract. The price starts … Read the rest
In just a few weeks on December 7th, a secret meeting of world leaders takes place that will undoubtedly go a long way in shaping how we live our lives. .. from the kinds of cars we drive, to how many hours we can run hot water, to how much we pay in electricity bills each month. The COP15 Climate Change conference in Denmark will provide extraordinary profit opportunities in what venture capitalist firm Kleiner … Read the rest