Valence Technology, Inc announced today that the Opposition Board of the European Patent Office has revoked the University of Texas’ European patent for lithium metal phosphates on the basis of lack of novelty. This decision is good news for Valence because it allows the company to further develop and market its own proprietary lithium iron magnesium phosphate cathode material for electric car batteries. However, UT could choose to appeal the decision.
In the press release, … Read the rest
Suntech Power (STP) is celebrating the inauguration of Israel’s largest and most efficient solar power station, which it helped to build with local company, Solarit Doral. The 50 KW rooftop farm will produce approximately 85,000 kw hours of clean energy annually.
In other news today, the company has announced a licensing agreement with Open Energy Corp (OTC: OEGY) in which Suntech will manufacture, license, distribute and market Open Energy’s solar roof tile product.
“The … Read the rest
Advanced Battery Tech (ABAT) announced a few days ago that the deluxe model of its electric bike produced by Wuxi Angell Autocycle of China has passed performance tests conducted by the China North Vehicle Research Institute which is the most highly recognized electric vehicle testing center in China. ABAT is supplying the 48V, 15 amp lithium ion battery which improves the mileage per charge by 44% (69 km).
Mr. Zhiguo Fu, Chairman and CEO of … Read the rest
Yesterday, Shell and Dominion announced the completion of their joint venture wind energy project, Nedpower Mount Storm. The project, located in West Virginia, is up and running, producing up to 264 MW of wind energy, enough for about 66,000 homes and businesses. The energy generated from the 132 wind turbines will be sold to PJM Interconnection, an electricity market serving 13 Mid-Atlantic states and the District of Columbia.
Here’s what the presidents of each company … Read the rest
After reviewing the unsolicited proposal from EDF, Constellation Energy announced that it’s Board of Directors has authorized further communication with EDF regarding the offer. As of this point, however, the Board is still recommending that shareholders vote for the merger with Warren Buffet’s MidAmerican.
According to Constellation’s press release:
… Read the restConstellation Energy said the decision to begin discussions with EDF was made following consultation with its legal and financial advisors, and in a manner consistent
Ener1 (HEV) is announcing an important relationship with a heavy duty OEM manufacturer and the Department of Energy to develop lithium ion batteries for hybrid buses and other heavy duty vehicles. It’s not a big deal in terms of monetary compensation at just 1.25 million, but it’s a clear vote of confidence in Ener1 (HEV) which will test their battery technologies under a variety of real world conditions.
“Ener1 has some of the world’s leading … Read the rest
Florida Power and Light Company, part of FPL Group, Inc, began construction of a 75 MW solar-thermal plant in Martin County, Florida. The plant, which will be constructed from 180,000 mirrors, is an addition to an existing natural gas/oil-powered power station. Once the plant becomes operation in 2010, as long as the sun is shining it will reduce fossil fuel use at the power station by using solar-thermal energy along with a combined-cycle natural gas-fired … Read the rest
Comverge, Inc, just completed an energy-efficient lighting project in Times Square. The project involved replacing the lighting system in the Times Square Arts Center at the request of the property owner. As a result of the project, the building is expected to use 190,000 fewer kilowatt hours of energy per year, keeping more than 200,000 pounds of CO2 out of the environment. This should save the owners a nice chunk of change: an extra $35,000 … Read the rest
Yingli Green Energy announced today that is has signed a sales contract with IBC Solar. Under the terms of the contract, Yingli Green Energy will supply IBC with 91 MW of their PVC modules starting in December 2008 and ending in October 2009. The price of the PVC modules is fixed, but can be adjusted if the market price falls below the fixed price.
Mr. Liansheng Miao, Yingli’s Chairman and CEO, commented on the deal … Read the rest
Suntech Power (STP) and a + f (a subsidiary of Spain’s Gildemeister Group) worked together to complete two solar power plants in Spain. STP supplied about half of the modules used to complete the plants in Alange (8.5MW) and Alconera (7.4MW) which will be enough power for around 9K households.
Jerry Stokes, President of Suntech Europe, said, “Suntech’s dedication to producing premium quality, high power output solar products is a key factor leading to our … Read the rest