Energy Focus, Inc just announced that they have signed a letter of intent to purchase Stones River Companies. The purchase of the Nashville, Tennessee-based company will give them access to the $100 billion market in the public sector for energy-efficient lighting. The deal is expected to be complete within the next 90 days.
In a press release, Joseph Kaveski, Energy Focus’ CEO, explained how the purchase will benefit both companies:
“SRC’s business is based primarily … Read the rest
Energy Focus, Inc just announced that it has inked a $3.1 million, two-year contract with the DuPont-University of Delaware Very High Efficiency Solar Cell (VHESC) Consortium to develop, cheap, high-efficiency solar modules. The project is being funded by the Defense Advanced Research Projects Agency (DARPA), and uses spectrum splitting technology to increase efficiency by breaking up sunlight into different color bands and directing each color to PV cells targeted toward that specific part of the … Read the rest
Energy Focus, Inc just announced that it was selected to provide lighting for the Burg Dubai. When completed, the Burg Dubai will be the tallest building in the world. The company’s Crescent Lighting line of products were used to illuminate the fountain in front of the skyscraper due to their long life, resistance to corrosion and ease of maintenance.
In a company press release, Joe Kaveski, CEO of Energy Focus, Inc. commented on the … Read the rest
The Andersons just reported their 4th quarter and full year results. Although the company reported net income of $32.9 million, or $1.79 per share, the full year results represent a 54% decrease in net income from 2007, then the company earned $68.8 million, or $3.75 per share.
Looking at just the 4th quarter, the company reported a loss of $33.4 million, or $1.85/share. In the 4th quarter of last year, the company reported net income … Read the rest
Castella Waste Systems, Inc reported 2nd quarter financial results today. Revenues increased by $7 million compared to the 2nd quarter of last year, rising 4.7 percent to come in at $157.5 million. Net income was down slightly compared to the 2nd quarter results last year, with earnings of $2.1 million or .08/share versus last year’s second quarter results of $2.8 million or .11/share.
John W. Casella, Chairman and CEO, issued the following comments on … Read the rest
Cree, Inc announced that is has achieved industry-best research and development results with a white power LED capable of delivering 161 lumens per watt. The tiny LED used in the test measured only 1 square millimeter, but was able to deliver 173 lumens of light, with an efficacy of 161 lumens per watt under normal LED conditions. Although this LED is not for sale commercially, Cree does currently have LEDs on the market with an … Read the rest
Interface, Inc, a noted green carpet company, posted its 3rd quarter results yesterday. Here’s a breakdown of the stats compared to last year:
Cree posted its 1st quarter earnings yesterday, and while its profits dropped by more than half, it still beat Wall Street’s expectations. From MSN Money Central, here’s a quick breakdown of the stats:
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