Itron (ITRI) has begun a 3 year deployment of 4 million OpenWay smart meter systems for So Co Edison’s residential and small commercial customers.
Senior VP of SCE, Lynda Ziegler, said, “These new digital, secure, two-way communicating meters will measure electricity usage up-to-the minute and, when fully implemented, will enable customers to track how much they use, and how much it costs them. As part of its Edison SmartConnect(TM) program, SCE plans to offer customers … Read the rest
Advanced Battery (ABAT)’s subsidiary Wuxi ZhongQiang (Autcycle) has signed two contracts this morning totaling $3.3 million for customers in Denmark and Indonesia. One order is for 12,000 electric bikes with a contract value of $2.3 million and the 2nd order is for 2000 electric scooters with a total value of $1.1 million. Deliver of the order is expected within the month.
Zhiguo Fu, CEO of ABAT, said, “We are excited to announce the electric vehicle … Read the rest
Raser Technologies (RZ) has always been a company looking for a good press release or PR opportunity. From the ceremonial ribbon cutting announcements at its Utah plant to the Hybrid Hummer, the press releases continue to flow. But is the hype justified at least in terms of its geothermal operations? Maybe not.
According to an article in the Salt Lake Tribune, the company is buying almost as much power (4MW) to keep the lights … Read the rest
According to the Salt Lake Tribune, Raser has run into a roadblock at its Hatch Geothermal Plant. Initially, the company believed that new technology would allow it to harvest power from wells with water temperature of 180 degrees Celsius or higher. However, even though the water in Raser’s wells is hotter than that, it’s still not hot enough to generate power efficiently, and the company has been using almost as much electricity to keep … Read the rest
EMCORE (EMKR) announced before the close today that they have secured a solar supply deal with Northrup Grumman (NOC) for Northrup’s space based global climate monitoring systems and other satellite missions through 2012. The deal has a potential value of $17 million. EMCORE is the leading player for solar applications in space based operations.
Christopher Larocca, EMCORE’s CEO, said, “Our proven manufacturing capabilities and unsurpassed reliability heritage make EMCORE the supplier of choice for demanding … Read the rest
Two green stock upgrades this morning in CSIQ and ITRI..
Collins Stewart is upgrading Canadian Solar (CSIQ) to Buy and setting the price target at $21.
Hat tip to Street Insider for the following analyst notes.
The firm still sees Q3 traditional module shipments of 90MW, but lowered its quarterly estimate for eModules from 15MW to 10MW. Collins Stewart also lowered its Q3 average selling price estimate from $2.15 per watt to $2.08. The firm … Read the rest
The new Volvo C30 Electric Vehicle, the love child of Volvo and Ener1’s subsidiary EnerDel, will be making its debut in Gothenburg, Sweden today. The C30 is a zero emission electric car bmeant for city commuters. It has a 95 mile range between charges, so it can meet the needs of more than 90 percent of European commuters. The lithium-ion battery is made in the USA by Enerdel.
In a press release, Ulrik Grape, President … Read the rest
Raser just announced that it has extended the agreement with its Thermo No. 1 financing partners to extend the final deadline for the completion of the plant from September 15 to October 1st. In addition to this extension agreement, other amendments are expected over the next couple of weeks to accommodate tax law changes in the American Recovery and Reinvestment Act of 2009.
In a press release, Richard Clayton, Raser’s Principal Executive Officer, commented on … Read the rest
Solarfun (SOLF) is out with a 3rd quarter update and sees Q3 module shipments exceeding 100MW, with sales of RMB918-RMB984 million. Gross margin will be about 17% for the quarter.
Peter Xie, President of Solarfun, commented, “The third quarter of 2009 is progressing well. Our order patterns are strong as we are seeing an improvement in end market demand. Our efforts to realign supply costs to reflect current market pricing combined with our increase in … Read the rest
Applied Materials just announced the release of a new multiple screen printing technology called BacciniEsatto. The new technology works with Applied Materials’ Baccini back-end solar cell processing systems to allow the production of more efficient solar cells. The increases efficiency can be as much as .5% and are achieved by “enabling the fabrication of advanced contact structures,” according to this press release.
In the press release, Davide Spotti, vice president and general manager of Applied`s … Read the rest