Fuel Systems Solutions (FSYS) has announced that it is acquiring assets and technology for compressed natural gas (CNG) products from FuelMaker for $7 million, which includes a home refueling appliance marketed under the Phill brand. The deal is expected to close sometime this quarter.
Here’s a good video highlighting the Phill system.. great move from FSYS.
Raser Technologies (RZ) Hummer hybrid is currently being featured on CNBC. Stock running a bit. I think the real story with this company is its geothermal potential. I’m long RZ at 4.21… Read the rest
Capstone Turbine just announced that it has received an order worth more than 1 million dollars for its C65 Hybrid Uninterruptible Power Source (UPS) units. These units, which combine microturbines with a dual-conversion UPS, are a green way to provide power to data centers.
In a press release, Capstone’s President and CEO commented on what makes this product special:
“Capstone turbines when used as a UPS application are considered clean-and-green because they emit low greenhouse-gas … Read the rest
Badger Meter plans to move some of its unskilled positions from its plant in Brown Deer, WI to a new plant in Nogales, Mexico. The move will allow Badger Meter to reduce its labor costs. The company says some of its meters will still be produced in Wisconsin, and it wouldn’t comment on how exactly how many jobs will shifted from Wisconsin to Nogales.
In an article for the Milwaukee Business Journal, President and CEO … Read the rest
Evergreen Solar (ESLR) continues to show why it’s a lagging solar play this afternoon, reporting a whopping quarterly loss of $64.3 million. Granted much of that was due to one time costs ($43.9 million for write offs from future silicon supplier, $3.5 million for Devens facility startup costs & $1.8 million for closure of Marlboro pilot facility), but this is still a company heading in the opposite direction of profitability. Taking out one time costs … Read the rest
EnerNoc has successfully deployed its PowerTalk technology in 250 of its approximately 5000 customer sites which allows for real time communication through open standards technology between almost any internet enabled smart meter or device and the EnerNoc command center. Similar to instant messaging, the presence technology continuously transmits the status of the device as well as other info so that changing conditions are detected in real time.
Whereas most current technical approaches involve reading Smart … Read the rest
Companies involved in the smart grid should do very well in the future, but for now the behemoth in this space, Itron (ITRI) will have to wait to benefit. The company just reported an awful quarter reporting an EPS of .33/share missing estimates by .07/share on revenues of $389 million. That’s a 20% haircut on revenues over last year and a 60% plunge in earnings.
The CEO understated the poor the quarter, calling it “soft”. … Read the rest
Clean Harbors just announced a deal to acquire the Canadian company Eveready, Inc. The total cost of the acquisition will be $464 million, of which $202 million will be used to buy Eveready stock and $262 million will be used to acquire Eveready’s debt. The deal is expected to be concluded in the third quarter.
Executives from Clean Harbors commented on the deal in an article from the Canadian Press:
… Read the restClean Harbors, with 4,800
Valence Technology is supplying 10 U-Charge® XP energy storage solutions to power one of motorcycles in the world’s first "green" Grand Prix, which will be held on the Isle of Man. The batteries will power the bike entered by the Imperial College London.
In an article published on EuropeanMotorNews.com, a member of Valence’s management team and a student who worked on the bike discussed the advantages of using Valence’s batteries:
… Read the restMark Donaghy, Global Marketing Director
Here are some highlights I extracted from First Solar’s conference call transcript provided by Seeking Alpha
Conference call highlights:
* Manufacturing cost declined to .93/watt a reduction from .98 over the year ago quarter
Company roadmap calls for .65/watt by 2012
* 479 MW of new volumes in Q1 (361 MW in Europe)
* More opportunity in Germany coming once the snow melts
* Risk of customer defaults continues which could impact 10 – … Read the rest