Flowserve and Linde Group announced they will be embarking on a joint venture to supply European customers with the revolutionary iKompressor refueling system for natural gas-powered automobiles. The iKompressor uses an ionic liquid piston instead of a solid piston, reducing moving parts and increasing the amount of time between required maintenance visits from 1,000 hours to 10,000 hours. Also, a water-cooled jacket around compression cylinders keeps gas compression at a constant temperature, increasing energy efficiency. … Read the rest
All posts by Tate Dwinnell
LDK (LDK) Solar Signs Wafer Supply Contract with Solartech Energy
LDK Solar announced today that is has signed a 5-yr contract with Solartech Energy. Under the contract, Solartech Energy will receive 550 MW worth of the wafers over a 5 year period starting in 2009 and ending in 2013.
Xiaofeng Peng, the chairman and CEO of LDK Solar commented on the deal:
"We are pleased to expand our long-standing relationship with Solartech with this additional contract. Having worked with Solartech since the company became one … Read the rest
GT Solar (SOLR) Discloses Contract With DC Chemical
GT Solar (SOLR) has disclosed a 173 million contract with DC Chemical that it signed on July 11 of this year and will have GT Solar providing DC Chemical with state of the art polysilicon CVD reactors which are used to manufacture polysilicon, the key raw material used to produce solar cells. This is the 3rd contract between the two companies.
“GT Solar has been a trusted provider of equipment and expertise to DC Chemical … Read the rest
Suntech (STP) In 2nd Supply Deal With DC Chemical
Suntech Power (STP) has signed a 2nd polysilicon supply agreement with South Korea based DC Chemical with a total value of about 750 million from 2010 to 2016. Back in March the two companies inked another supply deal worth around 630 million.
Dr. Zhengrong Shi, Suntech’s Chairman and Chief Executive Officer, stated, ”We are pleased to expand our existing relationship with DC Chemical, a key upstream partner and an emerging market leader. Contracts such as … Read the rest
BioFuel (BIOF) Amends Credit Agreement
BioFuel Energy (BIOF) has amended its credit agreement to allow its subsidiaries full access to the $20 million working capital facility which now appears to allow them sufficient liquidity to complete the commissioning of the ethanol plants in Wood River and Fairmont. . Previously, the subsidiaries had access to juts $5 million of the working capital.
Shares are currently up 22% but the stock is still mired in a long downtrend. … Read the rest
LDK Solar Signs Supply Deal With Hyundai (LDK)
Today, LDK Solar announced that it has signed a 7-year contract to deliver approximately 440 MW of microcrystalline solar wafers Korean manufacturing company Hyundai Heavy Industries. The contract calls for the product to be delivered over 7 years, from 2009 to 2015. In exchange for agreeing to produce the wafers, LDK solar will receive a downpayment from Hyundai. Here is what the leadership of both companies had to say about the deal:
"We are pleased … Read the rest
Pacific Ethanol to Purchase Corn Ethanol Plant (PEIX)
Pacific Ethanol, which posted a second quarter loss of 2.2 million, is attempting to purchase Phoenix Bioindustries and its ethanol plant in Goshen, CA. If the deal goes through, this will put Phoenix in control of the first ever corn-to-ethanol plant in California. Currently, Pacific Ethanol is only involved in distributing ethanol. The purchase of the plant will allow them to break into the far more lucrative production channel, with average profit margins of … Read the rest
Solar Energy Gets A Shout-Out From Cowen and Co. Analyst
… Read the restMSN Money reports that on Thursday, Robert W. Stone, an analyst from Cowen and Co, released a report providing an upbeat analysis for solar energy stocks. Assuming a investment tax credit in the US for solar power, as well increased participation from utilities and the states, demand for solar should climb from 6 gigawatts in 2008 to 14 gigawatts in 2010. He also expects use of solar power to grow in Italy and France, and
Energy Conversion Devices, Inc (ENER) Announces Financial Results for Fourth Quarter
Energy Conversion Devices, Inc. released a financial report for the quarter ending June 30, 2008. The company is considered an industry leader in rooftop photovoltaics and thin-film solar laminates. Total consolidated revenues for the quarter rose 18% to $82.4 million. Solar product sales were up 19% to $77 million. Net income rose from $7.0 million in the third quarter to $9.9 million in the fourth quarter. This was also the first fiscal year that the … Read the rest
GT Solar International Inc (SOLR) Releases 1st Quarter Earnings Report
Yesterday, GT Solar International released an earnings report for the first quarter. This company manufactures solar equipment such as polysilicon, solar cells, and microcrystalline polysilicon wafers. The report from the first quarter appears promising, with revenues rising $57.1 million and net income up to $5.1 million. The company’s president and CEO Tom Zarella advised he was happy with the results, and also said,
" Because we supply the global solar power industry with its core … Read the rest