Last week, Jesse James (of West Coast Choppers fame) set a new land speed world record at 199.712 MPH with a hydrogen fueled car, developed in part by Quantum Fuel Systems (QTWW), called the Streamliner. The milestone event, which took place in the Mojave Desert, will be shown in your living rooms on Sunday, August 9th at 10 PM ET/PT on Spike TV.
The Streamliner was fitted with 24 Quantum hydrogen injectors that fueled … Read the rest
Comverge and Itron just announced that they have a reached a milestone in their smart grid collaboration. They have successfully integrated Comverge’s Apollo(TM) demand response platform with Itron’s Open Way(TM) advanced metering infrastructure. The integration will allow utilities to better communicate with energy management devices for demand response events and to manage demand on the grid during times of heavy usage.
In a press release, executives from both companies commented on the milestone:
“This … Read the rest
LDK Solar just announced that is has finished building its first 5,000 metric ton train in its new polysilicon plant in Xinyu, China. Once completed, the plant will have an annual capacity of 15,000 metric tons.
In a press release, representatives of both LDK and Fluor commented on the achievement:
“We are very excited to reach this major milestone in the construction of our 15,000 MT polysilicon facility,” commented Nick Sarno, Senior Vice … Read the rest
Greenhunter Biofuels just announced that it is putting its Houston biofuels refinery up for sale. They are also amending a credit agreement relating to the plant. Under the amended agreement, WestLB AG, the lender, has agreed to give Greenhunter Energy until November of 2009 to repay the loan before declaring them to be in default.
In a press release posted on Greenhunter’s website, President, chairman and CEO Gary Evans commented on the agreement:
“By amending … Read the rest
Aerovironment (AVAV) is pushing higher in after hours trading after beating both EPS and revenue estimates by a small margin. While EPS came in 10% lower than the year ago quarter, it did beat analyst estimates by a penny a share. Revenues increased 18% over the year ago quarter and also beat estimates (by about 5%). The company attributed the revenue increase to stronger sales in the Unmanned Aircraft Systems (up $9.4 million) and Efficient … Read the rest
Geothermal power is emerging as a significant player in the alternative energy space, with operations cropping up around the world and high hopes for powering significant numbers of homes and businesses as an alternative to traditional electricity. But as with all prospects in alternative energy, geothermal power is not without its downside. Currently, a great deal of effort is being poured into determining just how damaging geothermal drilling is – or if it even exists. … Read the rest
The Obama administration is announcing this morning that it’s providing billions to Ford, Nissan and Tesla Motors for the development of hybrid and electric vehicles. Ford will receive the bulk of the $8 billion allotted, which is the first chunk of loan commitments provided as part of the DOE’s Advanced Technology Vehicles Manufacturing program to further the advancement of fuel efficient vehicles in the US. Ford will use the cash to transform factories in Illinois, … Read the rest
Clean Energy Fuels (CLNE) has entered the Florida market. The company is announcing a new 10 year contract this morning with solid waste company Choice Environmental Services to build and operate a compressed natural gas (CNG) fueling station in Ft Lauderdale, Florida. Choice Environmental is the first waste and recycling firm in south Florida to convert a portion of its fleet to cleaner burning natural gas fuel, which will begin running on the fuel in … Read the rest
PowerSecure (POWR) is announcing a total of around $12 million in new business with $11 million of that to be completed within the next near and the rest being longer term recurring revenue to be recognized over the next five years. No word on who the customer is, but PowerSecure will provide its smart grid enabled power systems to support critical municipal infrastructure and manufacturing facilities and will incorporate PowerSecure’s NexGear switches, providing connection to … Read the rest
EMCORE (EMKR) is announcing yet another solar contract for space applications. Just last week Alison reported the news that Emcore had been awarded a NASA contract to produce solar panels for the Global Precipitation Measurement aircraft. Today, the company is announcing a $5.7 million contract with the Air Force to develop high efficiency solar cells for space applications and includes a provision for an additional one year award of $3.4 million for advanced IMM … Read the rest