A quick update on a story we’ve been following: The bailout bill has passed both the House and the Senate, was signed into law by President Bush, and includes provisions to extend the tax credits for renewable energy. It’s difficult to overstate the importance of the tax credits for the renewable energy industry.
The New York Times quoted Rhone Resch, president of the Solar Energy Industries Association, on the bill. According to Resch, “There’s … Read the rest
Energy Solutions, Inc, a member of Washington River Protection Solutions, LLC, has officially taken over Hanford’s Tank Operations Contract. The tanks in question hold approximately 53 million gallons of radioactive chemical waste, and EnergySolutions will work with other partners in the LLC to maintain the tanks and start removing the waste. The 10-year contract is valued at $7.1 billion by the Department of Energy.
Steve Creamer, CEO and Chairman of EnergySolutions, commented on the project, … Read the rest
Hoku Solar, a subsidiary of Hoku Scientific (HOKU) announced a contract with the Hawaiian DOT to design, engineer and install 779 KW of photovoltaic power systems at airports in Lihue, Kahului, Kona and Hilo beginning later this year
“Hoku is proud to have been selected to partner with the Hawaii State Department of Transportation on this effort,” said Dustin Shindo, chairman and chief executive officer of Hoku Scientific. “Through this initiative and many others, the … Read the rest
UQM Technologies announced that Proterra LLC will showcase a prototype of Proterra’s its HFC 35 composite body, zero-emission, battery-dominant hybrid-electric transit bus at the American Public Transportation Exposition in San Diego. The bus is powered using UQM’s PowerPhase® 150 propulsion system. The HFC 35 can carry 37 passengers, and it will make it’s real-world debut as part of a nationwide trial sponsored by the FTA starting in 2009.
Here are some more details about the … Read the rest
One day removed from its announcement that it has entered into a joint agreement with CertainTeed to develop roofing integrated photovoltaic products for the residential market, Energy Conversion Devices (ENER) is announcing an acceleration of its expansion plans at its first company sponsored investor day. The company is nearing a decision on site selection for a new 120 MW solar cell manufacturing plant and announced it would increase capacity to 420 MW in 2010, 720 … Read the rest
Cisco has a goal of eliminating 25% of greenhouse gas emissions over the next 4 years and wants to help clients do the same. Their Telepresence HD video conferencing system is selling well and a big step in this process.… Read the rest
Soleil Securities has initiated coverage on both Suntech Power (STP) and LDK Solar (LDK) with Buy ratings on both. According to StreetInsider.com, Soleil had this to say on Suntech:
“The prospect of strong earnings growth through ’09 is offset by our expectation of a sharp decline in photovoltaic industry pricing in 2011 which will lead to an equally sharp decline in earnings in 2012.” Their price target is 41.
On LDK Solar:
“While we … Read the rest
While the rest of the green energy market crumbles along with the general market, there are a few green stocks quietly showing strong technical action. One such company is Ener1 (HEV), the maker of lithium batteries for electric cars. A few days ago it broke out of a double bottom base and is now forming a handle as volume levels indicate good demand for the stock. A breakout from the handle above 8.50 and a … Read the rest
Canadian Solar (CSIQ) is reiterating its top-line revenue and gross margin guidance for 2008 of $850-$970 million and 13%-15%, respectively. For 2009 the company is reiterating their shipment and gross margins guidance of 500 – 550 MW and 13 – 15% respectively.
Guidance comes as the company reports good progress of its ingot and wafer plant with Phase I completed and Phase II expected to be completed by year end, ahead of schedule. CSIQ also … Read the rest
American Superconductor Company announced today that it has shipped approximately 56,000 feet of its second generation(2G) high-temperature superconductor (HTS) wire for use in Project HYDRA. Project HYDRA focuses on upgrading Manhattan’s power grid using AMSC’s Secure Super Grids(TM). The project heavily funded by the Department of Homeland Security, and AMSC is the prime contractor and the wire supplier.
Benefits of upgrading New York’s grid using AMSC’s technology are expected to include more efficient power delivery … Read the rest