Raser Technologies (RZ) has agreed to a long term lease agreement with private land owners covering 37K acres of geothermal resources in Southeastern Oregon. Financials of the deal were not disclosed but it includes the rights to build geothermal power plants.
“Working with the University of Utah’s Energy and Geoscience Institute, Raser has determined this area is one of the more significantly promising geothermal systems,” stated Brent M. Cook, CEO of Raser. “We believe … Read the rest
Bill Gates continues to get hammered by the OTTR. As a significant owner of the stock (he recently added more), he’s getting hit again today after Otter Tail (OTTR) missed estimates and guided lower for next year. The company reported 4Q EPS of .38/share which missed estimates of .45/share, a 17% drop over the year ago quarter and the 4th straight quarter of negative growth. The company also missed on revenues, reporting $334 million vs … Read the rest
American Superconductor (AMSC) is up just a bit this morning after reporting a smaller loss than expected. The company reported a loss of .18/share (matches the year ago quarter) in the quarter vs estimates of a .20/share loss on revenues that were slightly higher than expected at 41.3 million (a 27% increase over the year ago quarters). Not exactly a great quarter but not awful either.
The company attributed the year-over-year reduction in gross margin … Read the rest
Vestas Wind Systems has received a wind turbine order from Parco Eolico Ordona, an Italian subsidiary of Inergia. Under the terms of the agreement, Vestas will deliver and install 13 units of its V90 2MW wind turbine and its VestasOnline Business supervisory control and data acquisition system. Vestas will also provide a 5-year service and availability agreement on the turbines.
The turbines will be used to create a wind power plant near the Italian town … Read the rest
Ocean Power Technologies just announced that they have appointed Dr. Phil Hart as the company’s Chief Technology Officer. As part of his new position, Dr.Hart will help lead Ocean Power in the development of new and improved PowerBuoy technology and lead additional research projects on wave energy. Before joining Ocean Power Technologies, he worked on research and development for Global Marine Systems. He also has an extensive background in marine technology and engineering. Mark R. … Read the rest
Comverge just announced the release of its new smart grid demand response system, the Apollo(R) Demand Response Management System. The Apollo can manage both commercial and residential energy needs as well as demand produced by charging plug-in hybrids and electric vehicles. This platform will be used in the Progress Energy Carolina EnergyWise(TM) project and by PEPCO Holdings. Robert M. Chiste, Comverge’s chairman, president and CEO, explained the advantages of this new product:
… Read the rest"With Apollo, utilities
The Fisker Karma hybrid-electric car has been nominated as a finalist for Green Car Journal’s 2009 Green Car Vision Award at the Washington DC Auto Show February 4 – 8. The car uses the Q-DRIVE plug-in hybrid technology, developed exclusively for Fisker Automotive by Quantum Technologies (QTWW) which co-founded Fisker.
A fully charged Fisker Karma burns no fuel for the first 50 miles after which the gasoline engine kicks in to charge the battery and … Read the rest
Wal Mart (WMT) has been one of a handful of large US corporations taking the lead in retooling their business to be more lean, mean and green. According to the NY Times, Wal Mart (WMT) has said it’s improved the fuel efficiency of its fleet by 25% since 2005 and has plans to test the use of cooking grease from its delis for truck fuel. The company credits gains in fuel efficiency to smarter … Read the rest
Ener1 (HEV), maker of lithium ion batteries has signed a memorandum of understanding with ITOCHU of Japan to outline a partnership that would introduce HEV products into the Japanese automotive marketplace. ITOCHU will serve as Ener1’s sales, marketing and development partner for both Japanese auto OEM’s and Tier One suppliers. The agreement also sets the stage for ITOCHU to introduce HEV batteries as an energy storage solution for the solar power market.
“Today’s announcement marks … Read the rest
Akeena Solar (AKNS) and Enphase Energy have announced a partnership to develop and market the Andalay solar panel systems using ordinary AC house current output instead of high voltage DC output which are expected to cost less to install and provide higher performance than DC panels. Under the agreement, AKNS will purchase a minimum of 5000 microinverters in 2009 & 2010 which will be built into Akeena’s award winning Andalay solar panels.
AKNS estimates that … Read the rest