Greenhunter Biofuels, a subsidiary of Greenhunter Energy (GRH) announced its biodiesel has been approved by the EPA, allowing the company to sell to the US on road market. The approval greatly increases biodiesel distribution capabilities in the US from its 105 million gallon/year refinery in Houston, Texas, the largest biodiesel refinery in the country. Most of the biodiesel the company currently produces comes from animal fats but its jatropha plantations are expected to begin contributing … Read the rest
All posts by Tate Dwinnell
Clean Energy Fuels (CLNE) Extends Supply Deal With San Fran Yellow Cabs For CNG Fuel
For the next 10 years, Clean Energy Fuels (CLNE) will supply San Francisco’s Yellow Cab Cooperative, the largest taxi cab operator, with around 350K gallons of compressed natural gas (CNG) fuel annually. CLNE will provide operations and maintenance to the newly expanded station south of the City which will be available for public use as well
James Harger, CLNE VP, said, “We are pleased to continue our long-term fuel supply and station operation relationship with … Read the rest
A-Power Energy (APWR) Pummeled After Slashing 4Q Guidance
A-Power Energy (APWR) is once again testing all time lows after taking a 25% hit today on news the company has dramatically lowered 4th quarter guidance from the previous estimate of $158 million in revenue and $15.5 million in profit to $76 million in revenue and just $5 million in profit due to postponed contracts.
Jinxiang Lu, APWR CEO, commented, “Due to the unusual current macro economic conditions, a few of our key potential contracts, … Read the rest
Cree (CREE) and Bridgelux Resolve LED Lighting Patent Dispute
Yesterday, Cree Inc (CREE) announced that it has come to a resolution in its LED patent dispute with California startup Bridglux. As part of the agreement, CREE has granted Bridgelux a license for the patents in exchange for fees and royalties and will now be a major supplier for Bridgelux
“This agreement creates a collaborative environment between Bridgelux and Cree, while affirming the commitment of both companies to the protection of intellectual property,” stated Mark … Read the rest
Clean Energy Fuels (CLNE) Extends LNG/CNG Contract With Sun Metro
Clean Energy Fuels (CLNE) is getting an 18 month contract extension from Sun Metro of El Paso, Texas to continue supplying them with liquefied and compressed natural gas fuel to run their fleet of public buses. CLNE has had a contract with Sun Metro since 2003 and now supplies nearly 5 million gallons annually.… Read the rest
Raser Technologies (RZ) Expands Geothermal Land Resources
Raser Technologies (RZ) is busy finding land to lease where it can tap into the power of geothermal. The company recently announced that it acquired 17 new lease parcels covering more than 50K acres in Utah as part of the Bureau of Land Management geothermal auction. The land deal increases Raser’s holdings to over 300K acres in 5 states where the company has rights to geothermal resources and some surface rights for construction related to … Read the rest
Yingli Green Energy (YGE) Gets $70 Million Loan, Replaces VP
In the midst of a credit crisis, Yingli Green Energy (YGE) isn’t having a problem getting a loan to expand operations. The company has announced that China Development Bank, which is owned by the Chinese government, has provided the company with a conditional $70 million, 8 year loan agreement.
“We are pleased to receive financing support from CDB,” Said Yingli CFO Mr.Zongwei Li. “As one of the world’s leading vertically integrated PV product manufacturers, … Read the rest
Covanta (CVA) Purchases 2 Biomass Facilities in Maine
Covanta Holding (CVA) has closed on the acquisition of 2 biomass energy facilities in Maine for $52 million. The purchase increases the number of Covanta biomass facilities to 8 and increases the energy output by 35%. The facilities are wood waste facilities and convert woodchips, sawdust, bark, tree trimmings, agricultural waste and wood recovered from construction sites into energy.
“We are very pleased to have completed this acquisition,” said Anthony Orlando, President and Chief Executive … Read the rest
China Sunergy (CSUN) Signs Deal With Ajit Solar
China Sunergy just announced a one-year agreement to supply India-based Ajit Solar with 2MW of multi-crystalline solar cells. Under the terms of the agreement, China Sunergy will deliver the solar cells in 2 installments, with a 5 MW delivery expected in the 1st half of the year and 7 MW expected in the second half.
China Sunergy’s CEO, Dr Allen Wang, commented on the agreement:
… Read the rest"Our partnership with Ajit Solar marks a significant step for
Comverge (COMV) One Of New Jersey’s 50 Fastest Growing Companies
For the second year in a row, NJBiz has selected Comverge as one of the 50 fastest growing companies in New Jersey. The award was based on increases in sales, both as a dollar amount and as a percentage.
Comverge’s president and CEO Robert M Chiste commented on the award:
… Read the rest“With today’s challenging business climate, it is a significant milestone to be awarded for such an achievement two-years running. We continue to grow our employment