Enerdel has a new Chief Technology Officer, Cyrus Ashtiani. Ashtiani comes with a glowing set of qualifications: 14 years of experience, 11 patents in the industry, and a wealth of experience that includes putting the first lithium-ion battery into a hybrid vehicle.
From Ener1’s press release, here is Dr. Ashtiani commenting on why he’s joining forces with Ener1, as well as more information about his accomplishments:
… Read the rest"This is a vital time for the industry.
Johnson Controls released its results last week for the first quarter of fiscal year 2009. The company performed below analysts’ expectations, posting a net loss of $608 million, which breaks down to $1.02 per share. Last year, the company posted a net profit of $235 million or .39 per share. Revenue also plummeted to $7.34 billion, a decrease of 23 percent from last year’s $9.48 billion.
On a non-GAAP basis, the company still posted a … Read the rest
American Superconductor (AMSC) is releasing preliminary earnings results this evening and they aren’t pretty. The company’s revenue estimates are about in line with analyst estimates at around 41 million, but the company is expecting larger losses for the quarter due to estimated cost overruns on its turnkey SVC projects, higher Windtec engineering costs, charges for excess inventory and unfavorable exchange rates. Excuses, excuses, excuses. Yep, it was a poorly executed quarter all the way around … Read the rest
Cree Inc (CREE) has been on a bit of a roll lately after making some big announcements about new LED products, partnerships and a big order from the Pentagon. Let the good times roll after the bell today as the company reports very good earnings and is guiding higher. I can’t imagine there will be many companies guiding higher next quarter in the current environment, so congrats to CREE on a great quarter. … Read the rest
Suntech Power Holdings Co., Ltd is joining First Solar to help construct a solar power plant for the Middle East’s first sustainable city, Masdar City. The city, which is under construction in the United Arab Emirates, will be carbon neutral and generate no waste. The total size of the farm will be 10 MW, with Suntech and First Solar each contributing 5 MW.
Dr. Zhengrong Shi, Suntech’s chairman and CEO, commented on the project:
… Read the rest“Masdar
ReneSola and BP Solar have signed a supply agreement with each other. Under the contract, ReneSola will provide 120 MW of monocrystalline and multicrystalline solar wafers in 2009. BP will then provide ReneSola with 700 metric tons of polysilicon.
ReneSola’s CEO, Mr. Xianshou Li, commented on the significance of the deal:
… Read the rest”This contract demonstrates our continuing efforts to strengthen ties with existing global customers and expand our international business beyond Asia.”–PV Tech
Are you in the market for an ethanol plant? VeraSun Energy Corporation just announced that it is auctioning off seven of its ethanol plants. The plants, which VeraSun acquired when it merged with US BioEnergy, are capable of producing 640 million gallons of ethanol per year. VeraSun will auction them off between March 16th and March 31st. … Read the rest
RMT Inc, a unit of Alliant Energy Corporation, announced that its Michigan Wind 1 facility is up and running. The facility, located near Ubly, Michigan, began producing power last month. Each year, the wind farm is expected to produce enough power to supply 20,000 homes.
The Business Journal of Greater Milwaukee has more details on the wind farm:
… Read the restRMT provided construction of the civil and electrical services for the site, including erecting 46 1.5-megawatt wind
LDK Solar held an opening ceremony for Phase I of its 16,000-ton polysilicon project. Construction began on the project in Xinyu City, China in February of last year. The project will eventually produce 16,000 tons of polysilison per year, which will be used to make solar wafers. This will help decrease LDK’s production cost while ensuring a reliable supply. Trading Markets has more details about the project:
… Read the restThe project that broke earth in February 2008
Pacific Gas & Electric briefed Fort Bragg city and county government representatives on their planned WaveConnect wave energy project. Some of the details that emerged from the briefing:
PG & E will pay the city’s wave energy costs.
PG & E will make the results of all environmental studies public.
PG & E is considering 10 different, viable wave technologies and implement a pilot project to test the 3 or 4 that seem most promising.