BP Solar announced that it has signed a supply deal with Xantrex Technology. Under the terms of the agreement, Xantrex will supply BP with residential grid tie (GT) solar power inverters. These inverters, which feature 96% efficiency and maximum AC output of between 2.8 to 5 KW, will offered to customers as part of BP Solar’s Home Solutions PV rooftop systems.
From pv-tech.org, here’s what the leadership team of both companies had to say … Read the rest
Verenium and BP are moving forward on a joint venture to produce cellulosic ethanol. However, even with the $45 million investment dollars that Verenium gained as part of the deal, Earth2Tech reports that Verenium will still have to put its proposed cellulosic ethanol plant on hold. The company had originally expected to begin construction this year, but now expects to start work on the plant in 2010 instead.
Here are some of Earth2Tech’s comments on … Read the rest
American Electric Power Company has entered in to agreements with 2 separate wind farms to buy a total of 250 MW of wind energy. The company has signed 3 separate 20 year agreements with 2 different wind farms. In one agreement, the company’s AEP Ohio subsidiary will buy 100.5 MW of wind power from BP Wind Energy’s Benton County, IN farm. In the second agreement, the Indiana Michigan Power subsidiary will buy 50 MW, also … Read the rest
Verenium (VRNM) is soaring nearly 50% this morning on news that oil giant BP is paying the company 90 million for access to its cellulosic ethanol technology. The two companies have created a special entity as part of the deal and the technology developed will be jointly owned and licensed.… Read the rest