It was announced a couple days ago that Energy Focus (EFOI) received a half million dollar order to retrofit two US Navy destroyers. EFOI will use its LED Berth lights using IntelliTube technology to replace the existing fluorescent lights reducing power consumption by half and will also replace incandescent bulbs using white, yellow, red and blue LED’s saving 80% energy.
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"LED lights particularly make sense … Read the rest
Shares of Nexxus Lighting (NEXS) are popping nearly 25% this morning on news that Lowe’s will carry their premium LED bulbs beginning in June in 1100 stores across the US. Seventeen LED bulbs will be offered including Par 38, R30, R16, GU10 and MR-16 all of which have qualified for the ENERGY STAR rating.
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"We are very pleased to bring consumers premium LED lighting products to … Read the rest
Canadian Solar (CSIQ) had two solar EPC contracts in place with SkyPower Limited to build a 10.5MW and 8.5MW solar park and yesterday they announced a third 10.5MW solar park contract. This particular park will be located in Thunder Bay at Fort William. Construction is expected to be completed on all three projects by the end of Q3 and provide enough clean electricity to power 50,000 homes.
Itron (ITRI) CEO Malcolm Unsworth spoke with Reuters yesterday about the future of the smart grid. Here are some highlights..
– Doesn’t expect the US to deploy any more funds to advance the smart grid
– The smart grid portion of the nearly trillion dollar stimulus package gave a crucial boost to the industry, but it’s no longer needed
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Rollouts of Itron’s smart meters "have … Read the rest
BNET has an interesting interview with Canadian Solar CEO Shawn Qu I recommend checking out. Here are a few highlights of comments made by Qu:
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– Believes solar will reach grid parity (using the levelized cost of energy) in some countries within the next 3-5 years. He sees Japan reaching it first then Germany and California. That may be the tipping point for another explosion … Read the rest
Kandi Technologies (KNDI) announced yesterday that it received a purchase order for 1000 pure electric vehicles for the Italian market from Share Corp. The vehicles will be used in Rome initially to help curb pollution in the city. The two companies will work together to bring electric cars to other major European cities.
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"We believe that, in the future, Kandi EVs will appear throughout Europe," … Read the rest
Shares of Power-One (PWER) got a bump off the bottom today when the company announced that it has begun shipping its 250kW and 500kw utility grade inverter products from its new manufacturing facility in China. It will have a capacity of 1GW by the end of this year. The company said that the facility will also help meet the demands of the Indian market in addition to the Asian market.
You don’t hear much about the wind business of A-Power Energy (APWR) anymore as the company clearly is becoming more of a distributed power systems EPC company. That’s not bad news as long as the company continues to win these contracts which they have been doing in recent months. Today, they announced a definitive contract to develop two 15MW biomass plants for the Xin County Guangchao Biomass Power Generation LCC for $30 million. The project … Read the rest
Shares of American Superconductor (AMSC) plunged to another 52 week low this morning with heavy volume after the company announced a $265 million acquisition of Finnish company The Switch and subsequently lowered guidance in the short term. CEO Greg Yurek calling 2011 a “transition year” likely didn’t help the stock either.
Let’s start with the acquisition news. Sure, in the short term the financials take a hit, but it appears AMSC acquired a key technology … Read the rest
Powersecure (POWR) reported mixed results last night. The company reported a non GAAP EPS of .02 which includes financials of the recently sold Southern Flow division (which led to a big pop in the stock Wednesday). That EPS number was better than the flat quarter analysts expected, but the company missed just a bit on the revenue side posting $26.5 million vs the analyst estimate for $27.6 million. However, the record revenue backlog of $150 … Read the rest