The StreetInsider.com is out with comments from Piper Jaffray analyst Jesse Pichel on the Spain solar cap situation saying that the proposed 500 MW cap for 09 is a positive for the group. “While we expect final outcome by early October, we believe Spain will not be as weak as expected in ’09, and that this proposal should help improve investor sentiment around Spain.”
Apparently, Pichel can confirm that the Spain Energy Ministry has sent … Read the rest
According to a report released by Greentech Media and the Prometheus Institute, the solar power market will continue to grow, with thin-film photovoltaics leading the way. The authors predict that thin-film solar production will double each year for the next three years, reaching 4.18 GW worth of equipment in 2010, and almost 10 GW by 2012.
According to the report, most companies entering the industry are focusing on the development of amorphous-silicon films on glass. … Read the rest
The City of San Francisco has announced a plan to partner with Darling International to build a large biodiesel plant in the city. The new plant will utilize an existing building owned by Darling International, which will be retrofitted to produce fuel from tallow, restaurant grease and other waste fats. The plant is expected to generate 7.5-10 million gallons of biodiesel each year. In all likelihood, the fuel produced will be bought by the city … Read the rest
China Energy Recovery, Inc will present its industrial waste energy recovery system at the SIG Second Annual Beijing Management Summit. At the moment, China Energy recovery only offers its product in China, but the company anticipates a global demand since the problem of industrial waste and the energy used in disposing it is worldwide.
China Energy Recovery’s system allows industrial manufacturers to convert industrial waste energy into cheap electrical power, generating electricity without burning additional … Read the rest
Quantum Fuel Systems (QTWW), a leader in the development and production of advanced propulsions systems, energy storage technologies and alternative fuel vehicles reported earnings this morning much lower than what analysts had been expecting.
According to StreetInsider.com, the company reported a loss of .08/share from continuing operations, vs the analyst estimate of a .05/share loss while revenues came in at about half of the expectations at 3.7 million (est. of 7.5 million) vs the … Read the rest
AeroVironment (AVAV), the maker of those rooftop wind turbines, posted earnings results 4 cents better than expectations at .22/share (22% growth over year ago quarter) and revenues nearly 4 million ahead of expectations at 53.6 million (9% growth over year ago quarter). The company reaffirmed fiscal 09 guidance of 20 – 25% sales growth.… Read the rest
Duke Energy (DUK) has signed a long term 20 year agreement to sell 99 MW (a single megawatt powers about 200 – 300 homes) from its new Wyoming wind farm to PacifiCorp. Duke will begin building the wind farm early next year which will contain 66 wind turbines generating energy by late 09. The output will serve customers in Wyoming, Utah, Idaho, Oregon, Washington and California.
Duke has also agreed to purchase 100 turbines from … Read the rest
Ocean Power Technologies (OPTT), the small company engaged in the development and commercialization of systems that generate electricity by harnessing the power of the ocean waves has reported better than expected results with a loss of .38/share compared to estimates for .40/share on revenues that were double the expectations at 1.77 million. Revenues surged due to an increase in the company’s work on the US Navy utility PowerBuoy Hawaii project.
“We have made a good … Read the rest
Altair Nanotechnologies, Inc, announced that it has completed the 500th full depth cycle of a lithium titanate battery that the company developed under contract with the U.S. Navy. In testing, the battery was shown to have only lost 1% of its capacity, a stunning result that highlights the long life of the new battery technology. When testing is complete, the batteries will be used on Navy destroyers and other vessels instead of a back-up … Read the rest
American Superconductor Corporation announced the launch of its new PowerModule PM3000W Converter for wind turbines at the HUSUM WindEnergy 2008 industry conference. The new conductor is a breakthrough because it is easily customizable, and can be used in wind turbines with a wide range of generating capacity, from 750 KW to 6 MW. The company advised that it has already received orders for more than 3,300 PM3000W converters from customers, including prominent wind companies from … Read the rest