Advanced Battery Technologies (ABAT), which recently acquired Wuxi Autocycle to break into the electric bike biz is providing some financial guidance for Wuxi with 3 year projections. ..
Wuxi currently has 4 production lines in operation with production capability of 100 vehicles per day per line but is currently operating at lower than 20% of total capacity.
For the period of May through December of 2009, the company believes Wuxi will contribute revenue of $35.0 … Read the rest
The theme that we’ve seen for several months now continues for the most part.. solar company reports steep loss and plunging revenues, but the stock holds up or even rises as is the case with China Sunergy (CSUN) today. The company reported a steeper than expected loss of .33/share (vs expectations of a .26) on revenues of just $37 million which is a more than 50% plunge from the year ago quarter. However, traders are … Read the rest
Yesterday, GT Solar (SOLR) announced it has received final approval for the first solar wafer and cell turnkey fabrication line in Greece which is being built for Solar Cells Hellas and has annual capacity of 30MW. Once the operation is up and running, Solar Cells Hellas will officially be the first solar PV manufacturer in Greece.
“Being new to the industry, Solar Cells Hellas needed a partner that we could rely on – one with … Read the rest
A-Power Energy (APWR) is tacking on to yesterday’s gains this morning after it was announced that the company has received a $52 million contract from Huaian Huapeng Biomass Electricity to design, construct and test two 18MW biomass energy facilities in China. The project is expected to be completed and in operation by the end of next year.
Just last month A-Power signed a $75 million contract with Anhui Wenergy to build two 30MW micro grid … Read the rest
EnerDel just announced that they have signed a contract to supply AC Transit with lithium-ion batteries for buses. AC Transit is buying 16 new hybrid electric fuel cell buses, and EnerDel will supply advanced battery systems for all 16 of them. The buses will be powered by lithium batteries and tanks of hydrogen that fit on top of the vehicles.
In a press release, executives from both AC Transit and EnerDel commented on the deal: … Read the rest
SolarEdge, an Israeli company that makes electronic systems which boost the efficiency of solar panels, just announced that they snagged a deal with BP Solar. Under the joint agreement, BP Solar will begin incorporating Solar Edge’s systems, which boost efficiency up to 20-25%, into its solar modules and look at the possibility of commercializing them. Currently, the two companies are testing Solar Edge’s products to see how well they hold up under conditions designed to … Read the rest
LDK Solar (LDK) announced after the bell today that it has begun construction on the first of five solar PV plants in the Apulia region of Italy totaling 5MW. LDK Solar is teaming up with leading Italian systems integrator ESPE and will provide the solar wafers for the projects.
“We are very excited to expand LDK Solar’s presence into Italy,” stated Xiaofeng Peng, Chairman and CEO of LDK Solar. “The PV market in Italy is … Read the rest
Cree Inc (CREE) continues to trend up along that 50 day moving average and will get another nice pop up in the morning after the company came out after the bell and raised guidance due to stronger LED demand for both lighting and notebook computers. For the 4th quarter ending June 28th, the company now targets revenue in the range of $143 – $150 million and non GAAP earnings of .15 – .17/share. On their … Read the rest
Appliance Recycling Centers of America (ARCI) popped about 30% an hour ago, but is well off those highs after it was announced that it’s been awarded a contract by Xcel Energy (XEL) to provide refrigerator recycling services for the utility’s residential electric customers in Colorado and New Mexico. The program is scheduled to begin on June 1, 2009 and run through December 31, 2010. Utility customers who turn in functioning but energy inefficient refrigerators will … Read the rest
Capstone Turbine (CPST) announced that it has received an order for three C200 microturbine systems for China Southern Power Grid (CSG), one of two state owned power grid companies in China. The low emission, natural gas powered turbines will be installed in a CSG dispatch building as a test project to show the benefits of microturbines in a combined cooling heat and power application.
China doesn’t currently have a standard grid-interconnection policy for distributed power … Read the rest