Financial and term details aren’t available yet, but First Solar (FSLR) has announced this morning a multi year supply deal with German solar project developer Pfalzsolar.
“We are pleased to have gained Pfalzsolar as an additional customer in a key market at a key period for the evolution of solar electricity in Europe,” added John Carrington, executive vice president, global marketing & business development.
First Solar came under significant selling pressure a few days ago … Read the rest
Altair Nanotechnologies (ALTI) is up nearly 15% in after hours of trading after it was announced the company is receiving $3.8 million from the Office of Naval Research for the ongoing research and design of Altair’s large scale lithium battery storage systems for the potential use on Navy ships as un uninterruptible power supply. The battery would allow the Navy to run only one gas turbine generator efficiently as opposed to two and provide enough … Read the rest
You don’t hear too much about India’s renewable energy efforts, but expect to in the coming years. It’s an opportunity every bit as big as China, just not as developed yet. American Superconductor (AMSC) is expanding their presence there in a deal with Inox Wind to license its proprietary 2MW induction wind turbine design. The deal allows Inox the right to manufacture and sell the turbines globally with production beginning next year. AMSC will also … Read the rest
Itron (ITRI), the smart grid gorilla, is selling off a bit after hours after announcing it is selling 2.75 million shares at 55.81/share. The company expects to use $125 million of the proceeds to repay a portion of outstanding non-convertible debt and the remainder for general corporate purposes. Canaccord Adams is the lead, book running manager while Stephens Inc is acting as co-manager on the deal which is expected to close around June 3rd. I … Read the rest
A couple days ago Ascent Solar (ASTI) announced its thin film solar PV modules will be used in the development of a hybrid unmanned aerial vehicle called the Silent Sentinel built by Bye Aerospace. The high efficiency, quiet vehicle will be used primarily for military operations but could be included for civil use as well.
Charlie Johnson, Chief Operating Officer of Bye Aerospace, said the Silent Sentinel is a robust, long-range UAV that will … Read the rest
Trina Solar (TSL) is surging another 7% this morning after the company posted a profit of .33/share (taking out one time costs) vs the expectations of a .05 loss. Revenues were a bit lighter than expected, but still 9% above the year ago quarter, so certainly better results out of Trina then what we’ve seen from most of its competitors (with the exception of First Solar).
The company had expected solar module shipments of 50 … Read the rest
Evergreen Solar is using the Intersolar industry trade show as an opportunity to roll out a new brand campaign. The campaign emphasizes the slogan "More Electricity, Less Impact" to emphasize the fact that Evergreen Solar’s panels deliver the most energy with the lowest carbon footprint. Evergreen Solar will use the trade show to showcase its new ESA line of panels in this context.
In a press release, Evergreen’s Senior VP of Marketing and Sales commented … Read the rest
Fuel Systems Solutions Inc just announced that it has finished buying some some assets and some CNG technology from FuelMaker Corporation, including a home CNG refueling appliance. Fuel Systems Solutions bought the technology for $7 million and also agreed to take over some of FuelMaker’s service operations and outstanding purchase orders.
In a company press release, Mariano Costamagna, CEO of Fuel Systems Solutions, commented on the purchase:
"We are excited to begin integrating our … Read the rest
Prez Obama spoke at Nellis Air Force base today discussing the importance of renewable energy and announcing funding efforts for solar and geothermal. Nellis Air Force base is home to the largest solar installation in the Western hemisphere and provides 25% of the electricity for the 12000 who live and work at the base, saving the military about $1 million a year.
Here are some highlights of the speech..
“America produces less than 3 percent … Read the rest
Today, Valence Technology (VLNC) joins the ranks of those companies seeking government cash to build advanced battery production facilities. Just a few weeks ago General Electric announced plans to open an advanced battery production facility in New York and is seeking government funds to help finance it. Valence is applying for a $225 million grant over three years from the US Dept of Energy under the Electric Drive Vehicle Battery and Component Manufacturing Initiative in … Read the rest