Constellation Energy just completed a 1 MW solar power installation at the McCormick Spice Mill in Hunt Valley, Maryland. The plant will contribute enough energy to offset 30% of McCormick’s energy costs at that location. Here’s a description of the installation from PV-Tech.org:
The plant is comprised of 2,100 Solar World 175-watt crystalline solar panels and 92,000 square feet of lightweight, flexible thin-film photovoltaic material.
Constellation Energy’s Projects & Services Group carried out the
The class action suit against LDK Solar took another step forward last week when Judge William Alsup approved a class consisting of anyone who purchased LDK shares. According to Law360, the lawsuit alleges that "LDK Solar Co. Ltd. and its executives committed a massive securities fraud by inflating the value of the company’s inventory of raw materials and understating the costs of producing solar wafers, which are used in devices that convert sunlight into electricity." … Read the rest
National Grid, the company that manages power in Long Island, New York, for American Superconductor Corporation’s D-VAR Statcom service. This Smart Grid service will help maintain the efficiency and reliability of Long Island’s electrical grid. Under the agreement, AMSC will install the D-VAR Statcom service for National Grid by 2010.
About the D-VAR Statcom service:
D-VAR dynamic reactive compensation systems are classified as Static Compensators, or “STATCOMs,” a member of the FACTS (Flexible AC-Transmission System)
Zoltek Corporation just announced that the U. S. Court of Federal Claims has ruled in their favor in their carbon fiber patent litigation against Lockheed Martin, and will allow the company to pursue its patent claims against Lockheed Martin in Atlanta’s Federal District Court.
Zsolt Rumy, Zoltek’s Chairman and CEO, had this to say about the case:
“We are pleased that the Court of Federal Claims ruled in our favor and cleared the way for
Synergy, the largest utility in Western Australia, has signed a memorandum of understanding with Carnegie Corporation, promising to buy power from Carnegie’s CETO wave energy project once the project is completed. The project is still in the planning stages, and Carnegie is currently in the process of selecting a site. Initially, the CETO project is expected to generate 6 W of energy, but if it’s successful, power generation can be increased later to 50 MW. … Read the rest
UQM Technologies (UQM), the maker of electric propulsion systems for electric and hybrid vehicles is still in startup phase and has never posted a profit .. that continued last quarter with an EPS loss of .03/share on revenues that expanded by 67% over the year ago quarter to $2.9 million.
Highlights from the quarter from the CEO:
– delivered products over the past year to 2 international automobile manufacturers, one of which has publicly announced … Read the rest
Just two days ago, analysts from FBR, Thomas Weisel and Pacific Crest slashed estimates on SunPower (SPWRB, SPWRA) earnings for 2009 as they reiterated concerns of credit issues and slowing demand yet again. It’s the same song and dance that has played out for several months now. Those headwinds may play out in 09 but for now SunPower is proving itself to be relatively immune to those concerns. Today after the bell, the company reported … Read the rest
Suntech Power Holdings Co., Ltd has signed a 1 year, 5 MW supply deal with Standard Solar, Inc. Under the agreement, Suntech will supply 5 MW of solar panels to Standard Solar this year. The companies have not disclosed the amount of money involved, nor what product Standard Solar will use these solar panels for.
Scott Wiater, Standard Solar’s VP of Procurement, commented on the deal:
"Partnering with Suntech, a top-tier manufacturer offering a broad
Cree just released samples of two new products: two 120MW GaN HEMT microwave transistors that can be used in telecommunications applications like Wi-Fi and for high-speed cell phone data transmission. These transistors would be compatible with both 3G and 4G cell networks, and could be used by both GSM and CDMA carriers.
For the technical specs of these nifty new devices, we turn to Cree’s press release: