Protonex Awarded $3.3 Million Contract to Develop a Deployable Fuel Cell Power System for Small Unmanned Aerial Vehicles
SOUTHBOROUGH, Mass.----Protonex Technology Corporation (LSE: AIM: PTX and PTXU), a leading provider of advanced fuel cell power systems for portable, remote and mobile applications, today announces that it will develop a robust, deployable pre-production fuel cell power system, designed for powering a small, unmanned aerial vehicle (UAV) that will be capable of extended flight duration and mission endurance. This work will be completed under an awarded $3.3M contract ($2.2M base award with a $1.1M option) from the Department of Defense (DoD) and will draw on continuing developments by Protonex of its unmanned power systems and UAV technologies.
Under the terms of this contract, which was expected by management, Protonex will customize one of its fuel cell power platforms and will integrate it into development partner, AeroVironment’s (NASDAQ: AVAV) “Puma-AE” UAV. The resulting UAV, powered by the Protonex fuel cell power system, is expected to enable new long-duration missions, not previously feasible with hand-launched UAVs powered by advanced batteries.
Protonex has already demonstrated its fuel cell power systems for small UAVs through programs with the U.S. Air Force Research Laboratory, the Naval Research Laboratory, and AeroVironment. Most recently, AeroVironment’s Puma UAV, utilizing a highly advanced fuel cell system from Protonex, broke its previous flight records and flew continuously for over nine hours—three to four times the endurance capability of its current rechargeable batteries.
Until recently, extended flight endurance capabilities were only achievable with larger scale, more costly UAV platforms. With the introduction of cutting-edge fuel cell propulsion systems from Protonex, new missions such as persistent surveillance, search and rescue, chemical-biological monitoring, and other long-endurance specialty missions can be achieved by smaller, more flexible, and cost-effective UAV platforms.
“This contract represents yet another significant milestone on our path towards the full commercialization of our power systems for UAVs and is a culmination of our development and demonstration efforts to date,” stated Dr. Paul Osenar, Chief Technology Officer, Protonex. “We look forward to continuing this progress to extend the reach of this UAV technology to other military and commercial markets.”
Notes to Editors
About Protonex Technology Corporation
www.protonex.com
Protonex Technology Corporation develops and manufactures compact, lightweight and high- performance fuel cell systems for portable power applications in the 100 to 1000-watt range. The Company’s fuel cell systems are designed to meet the needs of military, commercial and consumer customers for off-grid applications underserved by existing technologies by providing customizable, stand-alone portable power solutions and systems that may be hybridized with existing power technologies. The Company is headquartered in Southborough, Massachusetts.
About AeroVironment, Inc. (AV)
www.avinc.com
Building on a history of technological innovation, AV designs, develops, produces, and supports an advanced portfolio of Unmanned Aircraft Systems (UAS) and efficient electric energy systems. Agencies of the U.S. Department of Defense and allied military services use the company’s hand-launched UAS to provide situational awareness to tactical operating units through real-time, airborne reconnaissance, surveillance, and target acquisition. Commercial and government entities use AV’s clean transportation solutions such as electric vehicle test systems and electric vehicle fast charge systems, as well as its clean power solutions.
This announcement includes statements which are, or may be deemed to be, "forward-looking statements". All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Protonex’ financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Protonex’ products and services) are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Protonex to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. These factors include but are not limited to those described in the Admission Document issued in connection with the Company’s admission to AIM.
Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement speak only as at the date of this announcement and are subject to risks relating to future events and other risks, uncertainties and assumptions relation to Protonex’ operations, results of operations, growth strategy and liquidity.
Contacts Protonex Technology CorporationScott Pearson, +1 508-490-9960Chief Executive Officer
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Wednesday, March 18, 2009
Tuesday, March 10, 2009
SCHOTT Solar AG confirms figures for fiscal 2008 and continues its expansion
SCHOTT Solar AG confirms figures for fiscal 2008 and continues its expansion
• Anniversary year closed with record result
• Production capacity expanded significantly in both divisions
• Business remains stable in first quarter of current fiscal year
March 10, 2009 (Mainz, Germany) – SCHOTT Solar AG closed the fiscal year 2007/08 with the best result in the company’s history. During its 50th anniversary year, the company clearly improved all relevant financial figures and significantly expanded the production capacity in the Concentrated Solar Power (CSP) segment and the Photovoltaics (PV) segment. For the first quarter of the current fiscal year, SCHOTT Solar AG has reported stable business and the start-up of additional production lines.
"We are highly satisfied with the past fiscal year, as we have reached important milestones of our ambitious expansion plans in both segments, while at the same time achieving a sustainable increase in profitability," said Chief Executive Officer Dr. Martin Heming.
In the fiscal year 2007/2008 (1 October 2007 to 30 September 2008), SCHOTT Solar AG reported an impressive 70% increase in sales to EUR 482 million (previous year: EUR 283 million*). At the same time, earnings before interest and taxes (EBIT) improved noticeably to EUR 52 million (previous year: EUR 9 million*). The production capacity of both segments was expanded as planned in the past fiscal year. The capacity of the Photovoltaics segment increased to 205 MW for modules (previous year: 93 MW), while the capacity of the Concentrated Solar Power segment was expanded to 400 MWel (previous year: 200 MWel). The company invested EUR 141 million in property, plant and equipment and intangible assets (previous year: EUR 88 million). As at 30 September 2008, the company employed 1,650 people worldwide (previous year: 1,037 people).
SCHOTT Solar AG envisages to boost production capacity further through the start-up and ramp up of additional production lines in both segments by the end of the fiscal year. The capacity of the Photovoltaics segment is scheduled to reach a total of 360 MW, with 1 GWel planned for the Concentrated Solar Power segment.
Based on the first-quarter results, SCHOTT Solar AG projects strong sales and earnings growth for fiscal 2008/2009. In the past weeks, however, the industry environment has become increasingly challenging and it is difficult to project the overall performance of the solar industry in 2009 not least due to the financial and economic crisis.
* The comparative FY 2006/2007 figures reflect a restatement of SCHOTT Solar AG’s profit and loss account, balance sheet and cash flow statement to the effect that SCHOTT Solar CSP GmbH is shown as a SCHOTT Solar AG subsidiary already as from the beginning of FY 2006/2007 instead of the actual economic effect from 1 October 2007. The Concentrated Solar Power division operated through SCHOTT Solar CSP GmbH and its Spanish subsidiary became part of SCHOTT Solar only in the FY 2007/2008, namely with economic effect from 1 October 2007.
* * * *
Number of characters: 2,487 incl. spaces
More information on the Internet under www.schottsolar.de
Press pictures can be downloaded at www.schott-pictures.net
SCHOTT Solar’s high quality products exploit the virtually inexhaustible potential of the sun as a renewable source of energy. For this purpose SCHOTT Solar produces important components for photovoltaic applications and solar energy plants with parabolic trough technology. In the photovoltaic industry, the company is one of the few integrated manufacturers of crystalline silicon wafers, solar cells and photovoltaic modules. Wafer production is mainly carried out through a WACKER SCHOTT Solar joint venture, which ensures the supply of silicon necessary for long-term growth. Thanks to over 20 years of experience in thin-film technology, SCHOTT Solar also regards itself as one of the industry’s cutting-edge companies. In receiver production for solar power plants with parabolic trough technology, SCHOTT Solar considers itself to be the market and technology leader. The receivers are key components in large-scale power plants that generate electricity from solar energy centrally on the basis of parabolic trough technology and can supply entire cities with power. SCHOTT Solar has production facilities in Germany, the Czech Republic, the USA and Spain. SCHOTT Solar’s innovative power and technological expertise date back to the late 1950s. SCHOTT Solar AG is a wholly owned subsidiary of the international SCHOTT technology group. SCHOTT develops special materials, components and systems for the household appliance, pharmaceutical, solar energy, electronics, optical and automotive industries. With around 17,300 employees, the SCHOTT Group generated a worldwide turnover of EUR 2.2 billion in fiscal year 2007/2008.
Contact:
SCHOTT Solar AG SCHOTT Solar AG
Lars Waldmann Burkhard Söhngen
Press and Public Relations Investor Relations
Tel: +49 (0)6023 - 91 1811 Tel: +49 (0)6023 – 91 1819
Fax: +49 (0)6023 - 91 1700 Fax: +49 (0)6023 - 91 1700
lars.waldmann@schottsolar.com burkhard.soehngen@schottsolar.com
www.schottsolar.de www.schottsolar.de
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.
Member sign-up- http://www.investorideas.com/membership/
• Anniversary year closed with record result
• Production capacity expanded significantly in both divisions
• Business remains stable in first quarter of current fiscal year
March 10, 2009 (Mainz, Germany) – SCHOTT Solar AG closed the fiscal year 2007/08 with the best result in the company’s history. During its 50th anniversary year, the company clearly improved all relevant financial figures and significantly expanded the production capacity in the Concentrated Solar Power (CSP) segment and the Photovoltaics (PV) segment. For the first quarter of the current fiscal year, SCHOTT Solar AG has reported stable business and the start-up of additional production lines.
"We are highly satisfied with the past fiscal year, as we have reached important milestones of our ambitious expansion plans in both segments, while at the same time achieving a sustainable increase in profitability," said Chief Executive Officer Dr. Martin Heming.
In the fiscal year 2007/2008 (1 October 2007 to 30 September 2008), SCHOTT Solar AG reported an impressive 70% increase in sales to EUR 482 million (previous year: EUR 283 million*). At the same time, earnings before interest and taxes (EBIT) improved noticeably to EUR 52 million (previous year: EUR 9 million*). The production capacity of both segments was expanded as planned in the past fiscal year. The capacity of the Photovoltaics segment increased to 205 MW for modules (previous year: 93 MW), while the capacity of the Concentrated Solar Power segment was expanded to 400 MWel (previous year: 200 MWel). The company invested EUR 141 million in property, plant and equipment and intangible assets (previous year: EUR 88 million). As at 30 September 2008, the company employed 1,650 people worldwide (previous year: 1,037 people).
SCHOTT Solar AG envisages to boost production capacity further through the start-up and ramp up of additional production lines in both segments by the end of the fiscal year. The capacity of the Photovoltaics segment is scheduled to reach a total of 360 MW, with 1 GWel planned for the Concentrated Solar Power segment.
Based on the first-quarter results, SCHOTT Solar AG projects strong sales and earnings growth for fiscal 2008/2009. In the past weeks, however, the industry environment has become increasingly challenging and it is difficult to project the overall performance of the solar industry in 2009 not least due to the financial and economic crisis.
* The comparative FY 2006/2007 figures reflect a restatement of SCHOTT Solar AG’s profit and loss account, balance sheet and cash flow statement to the effect that SCHOTT Solar CSP GmbH is shown as a SCHOTT Solar AG subsidiary already as from the beginning of FY 2006/2007 instead of the actual economic effect from 1 October 2007. The Concentrated Solar Power division operated through SCHOTT Solar CSP GmbH and its Spanish subsidiary became part of SCHOTT Solar only in the FY 2007/2008, namely with economic effect from 1 October 2007.
* * * *
Number of characters: 2,487 incl. spaces
More information on the Internet under www.schottsolar.de
Press pictures can be downloaded at www.schott-pictures.net
SCHOTT Solar’s high quality products exploit the virtually inexhaustible potential of the sun as a renewable source of energy. For this purpose SCHOTT Solar produces important components for photovoltaic applications and solar energy plants with parabolic trough technology. In the photovoltaic industry, the company is one of the few integrated manufacturers of crystalline silicon wafers, solar cells and photovoltaic modules. Wafer production is mainly carried out through a WACKER SCHOTT Solar joint venture, which ensures the supply of silicon necessary for long-term growth. Thanks to over 20 years of experience in thin-film technology, SCHOTT Solar also regards itself as one of the industry’s cutting-edge companies. In receiver production for solar power plants with parabolic trough technology, SCHOTT Solar considers itself to be the market and technology leader. The receivers are key components in large-scale power plants that generate electricity from solar energy centrally on the basis of parabolic trough technology and can supply entire cities with power. SCHOTT Solar has production facilities in Germany, the Czech Republic, the USA and Spain. SCHOTT Solar’s innovative power and technological expertise date back to the late 1950s. SCHOTT Solar AG is a wholly owned subsidiary of the international SCHOTT technology group. SCHOTT develops special materials, components and systems for the household appliance, pharmaceutical, solar energy, electronics, optical and automotive industries. With around 17,300 employees, the SCHOTT Group generated a worldwide turnover of EUR 2.2 billion in fiscal year 2007/2008.
Contact:
SCHOTT Solar AG SCHOTT Solar AG
Lars Waldmann Burkhard Söhngen
Press and Public Relations Investor Relations
Tel: +49 (0)6023 - 91 1811 Tel: +49 (0)6023 – 91 1819
Fax: +49 (0)6023 - 91 1700 Fax: +49 (0)6023 - 91 1700
lars.waldmann@schottsolar.com burkhard.soehngen@schottsolar.com
www.schottsolar.de www.schottsolar.de
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.
Member sign-up- http://www.investorideas.com/membership/
Wednesday, November 12, 2008
New Energy Realities – WEO Calls for Global Energy Revolution Despite Economic Crisis
New Energy Realities – WEO Calls for Global Energy Revolution Despite Economic Crisis
12 November 2008 London -The International Energy Agency (IEA)http://www.iea.org
“We cannot let the financial and economic crisis delay the policy action that is urgently needed to ensure secure energy supplies and to curtail rising emissions of greenhouse gases. We must usher in a global energy revolution by improving energy efficiency and increasing the deployment of low-carbon energy,” said Nobuo Tanaka, Executive Director of the International Energy Agency (IEA) today in London at the launch of the World Energy Outlook (WEO) 2008 – the latest edition of the annual IEA flagship publication. The WEO-2008 provides invaluable analysis to help policy makers around the world assess and address the challenges posed by worsening oil supply prospects, higher energy prices and rising emissions of greenhouse gases.
In the WEO-2008 Reference Scenario, which assumes no new government policies, world primary energy demand grows by 1.6% per year on average between 2006 and 2030 – an increase of 45%. This is slower than projected last year, mainly due to the impact of the economic slowdown, prospects for higher energy prices and some new policy initiatives. Demand for oil rises from 85 million barrels per day now to 106 mb/d in 2030 – 10 mb/d less than projected last year. Demand for coal rises more than any other fuel in absolute terms, accounting for over a third of the increase in energy use. Modern renewables grow most rapidly, overtaking gas to become the second-largest source of electricity soon after 2010. China and India account for over half of incremental energy demand to 2030 while the Middle East emerges as a major new demand centre. The share of the world’s energy consumed in cities grows from two-thirds to almost three-quarters in 2030. Almost all of the increase in fossil-energy production occurs in non-OECD countries. These trends call for energy-supply investment of $26.3 trillion to 2030, or over $1 trillion/year. Yet the credit squeeze could delay spending, potentially setting up a supply-crunch that could choke economic recovery.
“Current trends in energy supply and consumption are patently unsustainable – environmentally, economically and socially – they can and must be altered”, said Nobuo Tanaka. “Rising imports of oil and gas into OECD regions and developing Asia, together with the growing concentration of production in a small number of countries, would increase our susceptibility to supply disruptions and sharp price hikes. At the same time, greenhouse-gas emissions would be driven up inexorably, putting the world on track for an eventual global temperature increase of up to 6°C.”
In addition to providing a comprehensive update of long-term energy projections to 2030, WEO-2008 takes a detailed look at the prospects for oil and gas production. Oil will remain the world’s main source of energy for many years to come, even under the most optimistic of assumptions about the development of alternative technology. But the sources of oil, the cost of producing it and the prices that consumers will have to pay for it are extremely uncertain. “One thing is certain”, stated Mr. Tanaka, “while market imbalances will feed volatility, the era of cheap oil is over”.
“A sea change is underway in the upstream oil and gas industry with international oil companies facing dwindling opportunities to increase their reserves and production. In contrast, national companies are projected to account for about 80% of the increase of both oil and gas production to 2030”, said Mr. Tanaka. But it is far from certain that these companies will be willing to make this investment themselves or to attract sufficient capital to keep up the necessary pace of investment. Upstream investment has been rising rapidly in the last few years, but much of the increase is due to surging costs. Expanding production in the lowest-cost countries – most of them in OPEC – will be central to meeting the world’s oil needs at reasonable cost.
The prospect of accelerating declines in production at individual oilfields is adding to these uncertainties. The findings of an unprecedented field-by-field analysis of the historical production trends of 800 oilfields indicate that decline rates are likely to rise significantly in the long term, from an average of 6.7% today to 8.6% in 2030. “Despite all the attention that is given to demand growth, decline rates are actually a far more important determinant of investment needs. Even if oil demand was to remain flat to 2030, 45 mb/d of gross capacity – roughly four times the current capacity of Saudi Arabia – would need to be built by 2030 just to offset the effect of oilfield decline”, Mr. Tanaka added.
WEO-2008 also analyses policy options for tackling climate change after 2012, when a new global agreement – to be negotiated at the UN Conference of the Parties in Copenhagen next year – is due to take effect. This analysis assumes a hybrid policy approach, comprising a plausible combination of cap-and-trade systems, sectoral agreements and national measures. On current trends, energy-related CO2 emissions are set to increase by 45% between 2006 and 2030, reaching 41 Gt. Three-quarters of the increase arises in China, India and the Middle East, and 97% in non-OECD countries as a whole.
Stabilising greenhouse gas concentration at 550 ppm of CO2-equivalent, which would limit the temperature increase to about 3°C, would require emissions to rise to no more than 33 Gt in 2030 and to fall in the longer term. The share of low-carbon energy – hydropower, nuclear, biomass, other renewables and fossil-fuel power plants equipped with carbon capture and storage (CCS) – in the world primary energy mix would need to expand from 19% in 2006 to 26% in 2030. This would call for $4.1 trillion more investment in energy-related infrastructure and equipment than in the Reference Scenario – equal to 0.2% of annual world GDP. Most of the increase is on the demand side, with $17 per person per year spent worldwide on more efficient cars, appliances and buildings. On the other hand, improved energy efficiency would deliver fuel-cost savings of over $7 trillion.
The scale of the challenge in limiting greenhouse gas concentration to 450 ppm of CO2-eq, which would involve a temperature rise of about 2°C, is much greater. World energy-related CO2 emissions would need to drop sharply from 2020 onwards, reaching less than 26 Gt in 2030. “We would need concerted action from all major emitters. Our analysis shows that OECD countries alone cannot put the world onto a 450-ppm trajectory, even if they were to reduce their emissions to zero”, Mr. Tanaka warned. Achieving such an outcome would require even faster growth in the use of low-carbon energy – to account for 36% of global primary energy mix by 2030. In this case, global energy investment needs are $9.3 trillion (0.6% of annual world GDP) higher; fuel savings total $5.8 trillion.
WEO-2008 demonstrates that measures to curb CO2 emissions will also improve energy security by reducing global fossil-fuel energy use. But the world’s major oil producers should not be alarmed. “Even in the 450 Policy Scenario, OPEC production will need to be 12 mb/d higher in 2030 than today.” Mr. Tanaka noted. “It is clear that the energy sector will have to play the central role in tackling climate change. The analysis set out in this Outlook will provide a solid basis for all countries seeking to negotiate a new global climate deal in Copenhagen.”
Fact sheet PDF- http://www.iea.org/weo/docs/weo2008/fact_sheets_08.pdf
Communication and Information Office: (+33) 1 40 57 65 50 ; e-mail IEAPressOffice@iea.org
12 November 2008 London -The International Energy Agency (IEA)http://www.iea.org
“We cannot let the financial and economic crisis delay the policy action that is urgently needed to ensure secure energy supplies and to curtail rising emissions of greenhouse gases. We must usher in a global energy revolution by improving energy efficiency and increasing the deployment of low-carbon energy,” said Nobuo Tanaka, Executive Director of the International Energy Agency (IEA) today in London at the launch of the World Energy Outlook (WEO) 2008 – the latest edition of the annual IEA flagship publication. The WEO-2008 provides invaluable analysis to help policy makers around the world assess and address the challenges posed by worsening oil supply prospects, higher energy prices and rising emissions of greenhouse gases.
In the WEO-2008 Reference Scenario, which assumes no new government policies, world primary energy demand grows by 1.6% per year on average between 2006 and 2030 – an increase of 45%. This is slower than projected last year, mainly due to the impact of the economic slowdown, prospects for higher energy prices and some new policy initiatives. Demand for oil rises from 85 million barrels per day now to 106 mb/d in 2030 – 10 mb/d less than projected last year. Demand for coal rises more than any other fuel in absolute terms, accounting for over a third of the increase in energy use. Modern renewables grow most rapidly, overtaking gas to become the second-largest source of electricity soon after 2010. China and India account for over half of incremental energy demand to 2030 while the Middle East emerges as a major new demand centre. The share of the world’s energy consumed in cities grows from two-thirds to almost three-quarters in 2030. Almost all of the increase in fossil-energy production occurs in non-OECD countries. These trends call for energy-supply investment of $26.3 trillion to 2030, or over $1 trillion/year. Yet the credit squeeze could delay spending, potentially setting up a supply-crunch that could choke economic recovery.
“Current trends in energy supply and consumption are patently unsustainable – environmentally, economically and socially – they can and must be altered”, said Nobuo Tanaka. “Rising imports of oil and gas into OECD regions and developing Asia, together with the growing concentration of production in a small number of countries, would increase our susceptibility to supply disruptions and sharp price hikes. At the same time, greenhouse-gas emissions would be driven up inexorably, putting the world on track for an eventual global temperature increase of up to 6°C.”
In addition to providing a comprehensive update of long-term energy projections to 2030, WEO-2008 takes a detailed look at the prospects for oil and gas production. Oil will remain the world’s main source of energy for many years to come, even under the most optimistic of assumptions about the development of alternative technology. But the sources of oil, the cost of producing it and the prices that consumers will have to pay for it are extremely uncertain. “One thing is certain”, stated Mr. Tanaka, “while market imbalances will feed volatility, the era of cheap oil is over”.
“A sea change is underway in the upstream oil and gas industry with international oil companies facing dwindling opportunities to increase their reserves and production. In contrast, national companies are projected to account for about 80% of the increase of both oil and gas production to 2030”, said Mr. Tanaka. But it is far from certain that these companies will be willing to make this investment themselves or to attract sufficient capital to keep up the necessary pace of investment. Upstream investment has been rising rapidly in the last few years, but much of the increase is due to surging costs. Expanding production in the lowest-cost countries – most of them in OPEC – will be central to meeting the world’s oil needs at reasonable cost.
The prospect of accelerating declines in production at individual oilfields is adding to these uncertainties. The findings of an unprecedented field-by-field analysis of the historical production trends of 800 oilfields indicate that decline rates are likely to rise significantly in the long term, from an average of 6.7% today to 8.6% in 2030. “Despite all the attention that is given to demand growth, decline rates are actually a far more important determinant of investment needs. Even if oil demand was to remain flat to 2030, 45 mb/d of gross capacity – roughly four times the current capacity of Saudi Arabia – would need to be built by 2030 just to offset the effect of oilfield decline”, Mr. Tanaka added.
WEO-2008 also analyses policy options for tackling climate change after 2012, when a new global agreement – to be negotiated at the UN Conference of the Parties in Copenhagen next year – is due to take effect. This analysis assumes a hybrid policy approach, comprising a plausible combination of cap-and-trade systems, sectoral agreements and national measures. On current trends, energy-related CO2 emissions are set to increase by 45% between 2006 and 2030, reaching 41 Gt. Three-quarters of the increase arises in China, India and the Middle East, and 97% in non-OECD countries as a whole.
Stabilising greenhouse gas concentration at 550 ppm of CO2-equivalent, which would limit the temperature increase to about 3°C, would require emissions to rise to no more than 33 Gt in 2030 and to fall in the longer term. The share of low-carbon energy – hydropower, nuclear, biomass, other renewables and fossil-fuel power plants equipped with carbon capture and storage (CCS) – in the world primary energy mix would need to expand from 19% in 2006 to 26% in 2030. This would call for $4.1 trillion more investment in energy-related infrastructure and equipment than in the Reference Scenario – equal to 0.2% of annual world GDP. Most of the increase is on the demand side, with $17 per person per year spent worldwide on more efficient cars, appliances and buildings. On the other hand, improved energy efficiency would deliver fuel-cost savings of over $7 trillion.
The scale of the challenge in limiting greenhouse gas concentration to 450 ppm of CO2-eq, which would involve a temperature rise of about 2°C, is much greater. World energy-related CO2 emissions would need to drop sharply from 2020 onwards, reaching less than 26 Gt in 2030. “We would need concerted action from all major emitters. Our analysis shows that OECD countries alone cannot put the world onto a 450-ppm trajectory, even if they were to reduce their emissions to zero”, Mr. Tanaka warned. Achieving such an outcome would require even faster growth in the use of low-carbon energy – to account for 36% of global primary energy mix by 2030. In this case, global energy investment needs are $9.3 trillion (0.6% of annual world GDP) higher; fuel savings total $5.8 trillion.
WEO-2008 demonstrates that measures to curb CO2 emissions will also improve energy security by reducing global fossil-fuel energy use. But the world’s major oil producers should not be alarmed. “Even in the 450 Policy Scenario, OPEC production will need to be 12 mb/d higher in 2030 than today.” Mr. Tanaka noted. “It is clear that the energy sector will have to play the central role in tackling climate change. The analysis set out in this Outlook will provide a solid basis for all countries seeking to negotiate a new global climate deal in Copenhagen.”
Fact sheet PDF- http://www.iea.org/weo/docs/weo2008/fact_sheets_08.pdf
Communication and Information Office: (+33) 1 40 57 65 50 ; e-mail IEAPressOffice@iea.org
Wednesday, August 27, 2008
Investorideas.com Green Investor Audio Series; “Renewable Energy- The Perfect Storm,
Investorideas.com Green Investor Audio Series; “Renewable Energy- The Perfect Storm,
A Transformation of the World’s Energy Infrastructure “
Michael Brush Audio with Michael Liebreich, head of the London-based clean energy research firm, New Energy Finance, Discussing Major Trends in Renewable Energy
POINT ROBERTS, Wash., Delta B.C., August 27, 2008 - www.InvestorIdeas.com, one of the first online investor resources providing in-depth information on renewable energy, greentech and water, provides interested investors a recent audio interview with Michael Liebreich, head of the London-based clean energy research firm New Energy Finance. Mr. Liebreich discusses the industry trends coming together all at once that have created a perfect storm in renewable energy for investors.
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
Well-known financial columnist Michael Brush continues his renewable energy audio series for Renewableenergystocks.com with a recent interview with Michael Liebreich, head of the London-based clean energy research firm New Energy Finance.
Renewable Energy: “The Perfect Storm”
Michael Liebreich, head of the London-based clean energy research firm New Energy Finance, www.newenergyfinance.com offers an overview of what’s to come for the sector.
Mr. Liebreich commenting on trends and opportunities notes,” It’s really a perfect storm .It’s not just one or two small trends; it’s a transformation of the world’s energy infrastructure. The industry is going from high -carbon to low- carbon. “
“The drivers include climate change, oil depletion, energy security, deregulation, new technologies like nanomaterial , Biotech and information technologies which allow you to manage distributed energy resources in a way we couldn’t 15 years ago. All these trends coming together at once create an enormously powerful transformation and opportunities to invest.”
To hear the full Audio file: click here:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi082708.mp3
Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Michael also writes the Insiders Corner Exclusively for Investorideas.com.
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A Transformation of the World’s Energy Infrastructure “
Michael Brush Audio with Michael Liebreich, head of the London-based clean energy research firm, New Energy Finance, Discussing Major Trends in Renewable Energy
POINT ROBERTS, Wash., Delta B.C., August 27, 2008 - www.InvestorIdeas.com, one of the first online investor resources providing in-depth information on renewable energy, greentech and water, provides interested investors a recent audio interview with Michael Liebreich, head of the London-based clean energy research firm New Energy Finance. Mr. Liebreich discusses the industry trends coming together all at once that have created a perfect storm in renewable energy for investors.
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
Well-known financial columnist Michael Brush continues his renewable energy audio series for Renewableenergystocks.com with a recent interview with Michael Liebreich, head of the London-based clean energy research firm New Energy Finance.
Renewable Energy: “The Perfect Storm”
Michael Liebreich, head of the London-based clean energy research firm New Energy Finance, www.newenergyfinance.com offers an overview of what’s to come for the sector.
Mr. Liebreich commenting on trends and opportunities notes,” It’s really a perfect storm .It’s not just one or two small trends; it’s a transformation of the world’s energy infrastructure. The industry is going from high -carbon to low- carbon. “
“The drivers include climate change, oil depletion, energy security, deregulation, new technologies like nanomaterial , Biotech and information technologies which allow you to manage distributed energy resources in a way we couldn’t 15 years ago. All these trends coming together at once create an enormously powerful transformation and opportunities to invest.”
To hear the full Audio file: click here:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi082708.mp3
Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Michael also writes the Insiders Corner Exclusively for Investorideas.com.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
Green Investor Sponsors: Carbon Capture and Green Portfolio Stock: (OTCBB:MVTG),Geothermal Stock:(OTCBB:ESIV),Green Automotive Stock: (OTCBB:ZAAP),Green Automotive Stock:(OTCBB:ROTB),Solar Stock:(OTCBB:XSNX)
Solar Stock :( OTCBB: CSKH), Renewable Sugarcane Fuels (OTCPK: IBOT) Featured Green Companies are showcased on: www.Renewableenergystocks.com. For disclaimer and disclosure visit:
www.InvestorIdeas.com/About/Disclaimer.asp
The Global Green Marketplace at Investorideas.com – a meeting place for investors and business in cleantech: http://www.investorideas.com/marketplace/.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
Thursday, August 14, 2008
Mantra Venture Group Enters into LOI with China Based Manufacturer of Outdoor Solar Lights, LED Lights, Solar Power Home Generation Systems, Wind & So
Mantra Venture Group Enters into LOI with China Based Manufacturer of Outdoor Solar Lights, LED Lights, Solar Power Home Generation Systems, Wind & Solar Hybrid Power Systems
Mantra China Ltd. Enters into Agreement with E.S.D. Environmental
Protection and Technology Co., Ltd.
OTCBB: MVTG FRANKFURT: 5MV
SEATTLE, Aug. 14 - Mantra Venture Group Ltd. (OTCBB: MVTG - FSE: 5MV) is pleased to announce that it has entered into a Letter of Intent to enter into Exclusive Distribution Agreement with E.S.D. Environmental Protection and Technology Co., Ltd. ("E.S.D.") of the Peoples Republic of China. The Exclusive Distribution Agreement will allow Mantra to bring a number of innovative new products into the North American marketplace. These products are of interest to Mantra because they will contribute to a cleaner, greener world and to the reduction of carbon dioxide from day-to-day human activities.
E.S.D.(website: http://www.donghailongcn.com) is located in Dongguan, Guangdong, mainland China, approximately a 1.5 hour drive from Hong Kong. E.S.D. has over 800 employees, including a team of highly qualified engineers and photovoltaic experts. They are one of the leading supplies of solar products and stay on the cutting edge of designing and manufacturing renewable solar energy products. E.S.D. develops and manufactures innovative outdoor solar lights, LED lights, solar power home generation systems, wind and solar hybrid power systems, solar charge controllers and other related products. These products cover over 50 product lines with more than 200 products. These products generate annual revenues of approximately US $30 million.
The Letter of Intent is entered into with Mantra China Ltd., a subsidiary of Mantra.
Mr. Dan Funaro, a member of Mantra's Corporate Advisory Board has traveled to China a number of times to establish the relationship and to explore how Mantra will work with its partner. "This is not about specific products, it is about creating a two-way communication channel about green, sustainable, renewable products that will benefit both parties over the years", he said.
Mantra China will selectively import chosen products which it sees as value to the North American market and will ensure that they are reviewed, tested and approved for use in North America. These products will then be launched, and subsequently driven to achieve their niche in the marketplace. In addition, Mantra China will represent the various other Mantra subsidiaries in taking their new "green" technologies generated by Mantra in North America, into China.
Larry Kristof, Mantra's C.E.O., commented "in making this agreement with E.S.D. we have become aware of the remarkable resources that exists in this company and in China generally. We intend to mine the innovative technologies being developed there and to ensure their exposure to the wider world. This is true two-way trade, and it supports the Mantra vision: sustainable, renewable and profitable."
More info on the Mantra's China subsidiary, as well as updates on all other projects within Mantra's portfolio, can be heard in a recent audio interview. Investorideas.com interviews C.E.O. Larry Kristof, with added insight provided by Fred Enga of Northwind Ethanol. Audio: http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/081208a.mp3
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable, socially and environmentally responsible investment for its shareholders.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV. For more information please visit us at www.mantraenergy.com.
Mantra is encouraging and enabling investors to make environmental consumer choices with a free environmental bag. Sign up here: http://www.mantraenergy.com/tools-and-utilities/free-bag.html
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Profitability Through Sustainability
Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.
For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp
Contact:
Terry Johnston,
Investor Relations,
Phone: (604) 267-3022,
Email: tjohnston@mantraenergy.com,
Website: http://www.mantraenergy.com
Source: Mantra Venture Group Ltd.
Mantra China Ltd. Enters into Agreement with E.S.D. Environmental
Protection and Technology Co., Ltd.
OTCBB: MVTG FRANKFURT: 5MV
SEATTLE, Aug. 14 - Mantra Venture Group Ltd. (OTCBB: MVTG - FSE: 5MV) is pleased to announce that it has entered into a Letter of Intent to enter into Exclusive Distribution Agreement with E.S.D. Environmental Protection and Technology Co., Ltd. ("E.S.D.") of the Peoples Republic of China. The Exclusive Distribution Agreement will allow Mantra to bring a number of innovative new products into the North American marketplace. These products are of interest to Mantra because they will contribute to a cleaner, greener world and to the reduction of carbon dioxide from day-to-day human activities.
E.S.D.(website: http://www.donghailongcn.com) is located in Dongguan, Guangdong, mainland China, approximately a 1.5 hour drive from Hong Kong. E.S.D. has over 800 employees, including a team of highly qualified engineers and photovoltaic experts. They are one of the leading supplies of solar products and stay on the cutting edge of designing and manufacturing renewable solar energy products. E.S.D. develops and manufactures innovative outdoor solar lights, LED lights, solar power home generation systems, wind and solar hybrid power systems, solar charge controllers and other related products. These products cover over 50 product lines with more than 200 products. These products generate annual revenues of approximately US $30 million.
The Letter of Intent is entered into with Mantra China Ltd., a subsidiary of Mantra.
Mr. Dan Funaro, a member of Mantra's Corporate Advisory Board has traveled to China a number of times to establish the relationship and to explore how Mantra will work with its partner. "This is not about specific products, it is about creating a two-way communication channel about green, sustainable, renewable products that will benefit both parties over the years", he said.
Mantra China will selectively import chosen products which it sees as value to the North American market and will ensure that they are reviewed, tested and approved for use in North America. These products will then be launched, and subsequently driven to achieve their niche in the marketplace. In addition, Mantra China will represent the various other Mantra subsidiaries in taking their new "green" technologies generated by Mantra in North America, into China.
Larry Kristof, Mantra's C.E.O., commented "in making this agreement with E.S.D. we have become aware of the remarkable resources that exists in this company and in China generally. We intend to mine the innovative technologies being developed there and to ensure their exposure to the wider world. This is true two-way trade, and it supports the Mantra vision: sustainable, renewable and profitable."
More info on the Mantra's China subsidiary, as well as updates on all other projects within Mantra's portfolio, can be heard in a recent audio interview. Investorideas.com interviews C.E.O. Larry Kristof, with added insight provided by Fred Enga of Northwind Ethanol. Audio: http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/081208a.mp3
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable, socially and environmentally responsible investment for its shareholders.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV. For more information please visit us at www.mantraenergy.com.
Mantra is encouraging and enabling investors to make environmental consumer choices with a free environmental bag. Sign up here: http://www.mantraenergy.com/tools-and-utilities/free-bag.html
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Profitability Through Sustainability
Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.
For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp
Contact:
Terry Johnston,
Investor Relations,
Phone: (604) 267-3022,
Email: tjohnston@mantraenergy.com,
Website: http://www.mantraenergy.com
Source: Mantra Venture Group Ltd.
Sunday, August 03, 2008
China unleashes Clean Revolution
China unleashes Clean Revolution
China seizes low carbon export opportunities in clean tech race
Friday 1 August 2008 - LONDON – China is already the world’s leading renewable energy producer*and is over-taking more developed economies in exploiting valuable economic opportunities,creating green-collar jobs and leading development of critical low carbon technologies, says a newreport to be published by The Climate Group.
The report – China’s Clean Revolution - shows that China’s transition to a low carbon economy iswell underway, led by supportive government policies which are not only driving innovation in lowcarbon technologies but also diverting billions of dollars of investment into energy efficiency andrenewable energy.
The report reveals that the low carbon economy is just as attractive to developing nations likeChina, as it is for richer countries such as the UK, Japan and Germany.
China’s combination of cost advantages, a clear policy framework, a dynamic and entrepreneurialbusiness environment and abundant abatement opportunities, is proving that developing nationshave as much, if not more, to gain from investment in low carbon solutions creating green-collarjobs, social benefits and economic growth.
Despite its coal-dependent economy, the report reveals Chinese government and businesses haveembarked on a Clean Revolution that has already made it a world leader in the manufacture of solarphoto-voltaic technology (Solar PV) where its six biggest solar companies have a combined marketvalue of over USD $15 billion. Over the next 12 months, China is also set to become the world’sleading exporter of wind turbines and is competing aggressively in other low carbon marketsincluding solar water heaters, energy efficient home appliances, and rechargeable batteries.Steve Howard, CEO of The Climate Group says: “For too long, many governments, businesses andindividuals have been wary of committing to action on climate change because they perceive thatChina – the world’s largest emitter – is doing little to address the issue.
However, the reality is thatChina’s government is beginning to unleash a low carbon dragon which will power its future growth,development and energy security objectives.”
Changhua Wu, China Director, The Climate Group, says: “Far from ignoring climate change,Chinese leaders have already committed to improving energy efficiency and scaling up the growthof low carbon industries. China is beginning to pull its weight on climate change and the targetsand policies in place are in line with those being taken by ‘leading’ countries like the UK andGermany.”
Investment in renewable energy in China - almost USD $12 billion in 2007 - is almost level withworld leader Germany as a percentage of GDP. Stronger policies from the Chinese government arecreating increased demand for low carbon investment and China will require a further USD $398billion (USD $33bn per year) to meet its 2020 renewable energy goals.Steve Howard says: “China’s current trajectory will ensure it remains a strategic global hub for lowcarbon investment, innovation and growth over coming decades.”*In terms of installed renewable capacity, China leads the world, reaching 152 Gigawatts in 2007.
ENDSNotes to Editors:For more information, case studies and interviews on the report please contact:• Alfred Deng, The Climate Group (China) on +86 10 6440 3639 or adeng@theclimategroup.org• Tom Howard-Vyse, The Climate Group (Europe), on +44 (0)207 960 2991 orthoward-vyse@theclimategroup.org• Neal McGrath, The Climate Group (US), on +1 646 233 0554 ornmcgrath@theclimategroup.org
China seizes low carbon export opportunities in clean tech race
Friday 1 August 2008 - LONDON – China is already the world’s leading renewable energy producer*and is over-taking more developed economies in exploiting valuable economic opportunities,creating green-collar jobs and leading development of critical low carbon technologies, says a newreport to be published by The Climate Group.
The report – China’s Clean Revolution - shows that China’s transition to a low carbon economy iswell underway, led by supportive government policies which are not only driving innovation in lowcarbon technologies but also diverting billions of dollars of investment into energy efficiency andrenewable energy.
The report reveals that the low carbon economy is just as attractive to developing nations likeChina, as it is for richer countries such as the UK, Japan and Germany.
China’s combination of cost advantages, a clear policy framework, a dynamic and entrepreneurialbusiness environment and abundant abatement opportunities, is proving that developing nationshave as much, if not more, to gain from investment in low carbon solutions creating green-collarjobs, social benefits and economic growth.
Despite its coal-dependent economy, the report reveals Chinese government and businesses haveembarked on a Clean Revolution that has already made it a world leader in the manufacture of solarphoto-voltaic technology (Solar PV) where its six biggest solar companies have a combined marketvalue of over USD $15 billion. Over the next 12 months, China is also set to become the world’sleading exporter of wind turbines and is competing aggressively in other low carbon marketsincluding solar water heaters, energy efficient home appliances, and rechargeable batteries.Steve Howard, CEO of The Climate Group says: “For too long, many governments, businesses andindividuals have been wary of committing to action on climate change because they perceive thatChina – the world’s largest emitter – is doing little to address the issue.
However, the reality is thatChina’s government is beginning to unleash a low carbon dragon which will power its future growth,development and energy security objectives.”
Changhua Wu, China Director, The Climate Group, says: “Far from ignoring climate change,Chinese leaders have already committed to improving energy efficiency and scaling up the growthof low carbon industries. China is beginning to pull its weight on climate change and the targetsand policies in place are in line with those being taken by ‘leading’ countries like the UK andGermany.”
Investment in renewable energy in China - almost USD $12 billion in 2007 - is almost level withworld leader Germany as a percentage of GDP. Stronger policies from the Chinese government arecreating increased demand for low carbon investment and China will require a further USD $398billion (USD $33bn per year) to meet its 2020 renewable energy goals.Steve Howard says: “China’s current trajectory will ensure it remains a strategic global hub for lowcarbon investment, innovation and growth over coming decades.”*In terms of installed renewable capacity, China leads the world, reaching 152 Gigawatts in 2007.
ENDSNotes to Editors:For more information, case studies and interviews on the report please contact:• Alfred Deng, The Climate Group (China) on +86 10 6440 3639 or adeng@theclimategroup.org• Tom Howard-Vyse, The Climate Group (Europe), on +44 (0)207 960 2991 orthoward-vyse@theclimategroup.org• Neal McGrath, The Climate Group (US), on +1 646 233 0554 ornmcgrath@theclimategroup.org
Tuesday, May 27, 2008
Environmental Protection Online Media Coverage
Oil Prices Up; Renewable Energy?
http://www.eponline.com/articles/63179/
May 26, 2008
An Internet-based investor news and research portal, www.RenewableEnergyStocks.com, on May 21 presented a sector close-up on recent developments in renewable energy stocks as oil continues to set record highs.
• Geothermal stock, Essential Innovations Technology Corp. announced it has successfully closed and funded a financing in the form of a convertible secured note in the amount of $1,750,000.
• Rotoblock Inc. recently announced it will acquire controlling interest in Hikom Gottell Corp.for $25 million. The US-China venture intends to develop and manufacture small engines, air-conditioning systems, and other consumer and industrial equipment.
• XsunX, Inc. a solar technology company, announced it has signed an agreement with Praxair, Inc.for the supply of bulk industrial gases for its new multi-megawatt thin film photovoltaic solar manufacturing facility near Portland, Ore.
• Electric vehicle pioneer ZAP announced that Dubai's Al Yousuf Group has completed a transaction to purchase a convertible debt that was part of a private placement registration from October 2007.ZAP closed trading at $1.18 on 2,532,983 shares.
• Ascent Solar Technologies, Inc. announced that the underwriters of its public offering exercised their over-allotment option to purchase an additional 570,000 shares of its common stock at $14.00 per share.
• The Chicago Board Options Exchange launched trading in options on Market Vectors-Solar Energy ETF, an exchange-traded fund.
• Solarfun Power Holdings, a manufacturer of silicon ingots and photovoltaic (PV) cells and modules in China, reported its unaudited financial results for the first quarter ended March 31, 2008 with Net revenue of $171 million, an increase of 529 percent from the fourth quarter of 2007. Solarfun traded 30,416,457 shares and was up 4.99 percent.
• Publicly traded Suzlon Energy Limited, based in Mumbai, India, the world's fifth leading wind turbine maker with 10.5 percent of global market share, announced results for the financial year ended March 31, 2008, reporting 71 percent growth in revenues.
• Fuel Tech, Inc. announced receipt of a $4.6 million contract for the supply and installation of NOxOUT® Selective Non-Catalytic Reduction technology on two newly constructed 600 megawatt coal-fired boilers in the People's Republic of China.
http://www.eponline.com/articles/63179/
May 26, 2008
An Internet-based investor news and research portal, www.RenewableEnergyStocks.com, on May 21 presented a sector close-up on recent developments in renewable energy stocks as oil continues to set record highs.
• Geothermal stock, Essential Innovations Technology Corp. announced it has successfully closed and funded a financing in the form of a convertible secured note in the amount of $1,750,000.
• Rotoblock Inc. recently announced it will acquire controlling interest in Hikom Gottell Corp.for $25 million. The US-China venture intends to develop and manufacture small engines, air-conditioning systems, and other consumer and industrial equipment.
• XsunX, Inc. a solar technology company, announced it has signed an agreement with Praxair, Inc.for the supply of bulk industrial gases for its new multi-megawatt thin film photovoltaic solar manufacturing facility near Portland, Ore.
• Electric vehicle pioneer ZAP announced that Dubai's Al Yousuf Group has completed a transaction to purchase a convertible debt that was part of a private placement registration from October 2007.ZAP closed trading at $1.18 on 2,532,983 shares.
• Ascent Solar Technologies, Inc. announced that the underwriters of its public offering exercised their over-allotment option to purchase an additional 570,000 shares of its common stock at $14.00 per share.
• The Chicago Board Options Exchange launched trading in options on Market Vectors-Solar Energy ETF, an exchange-traded fund.
• Solarfun Power Holdings, a manufacturer of silicon ingots and photovoltaic (PV) cells and modules in China, reported its unaudited financial results for the first quarter ended March 31, 2008 with Net revenue of $171 million, an increase of 529 percent from the fourth quarter of 2007. Solarfun traded 30,416,457 shares and was up 4.99 percent.
• Publicly traded Suzlon Energy Limited, based in Mumbai, India, the world's fifth leading wind turbine maker with 10.5 percent of global market share, announced results for the financial year ended March 31, 2008, reporting 71 percent growth in revenues.
• Fuel Tech, Inc. announced receipt of a $4.6 million contract for the supply and installation of NOxOUT® Selective Non-Catalytic Reduction technology on two newly constructed 600 megawatt coal-fired boilers in the People's Republic of China.
Thursday, April 24, 2008
Renewable Energy Stocks; Geothermal Stock, Essential Innovations Technology Corp. (OTCBB: ESIV - FRANKFURT: E6S)
Renewable Energy Stocks; Geothermal Stock, Essential Innovations Technology Corp. (OTCBB: ESIV - FRANKFURT: E6S) Showcased on Investorideas.com
With Rising Energy Costs, Energy-Efficient Geoexchange Technology Nearly Doubles From 2004-2007
POINT ROBERTS, WA and DELTA, BC April 24, 2008 ,www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents featured showcase Geoexchange Technology Provider, Essential Innovations Technology Corp. (OTC Bulletin Board: ESIV - FRANKFURT: E6S).
Geothermal energy is used for electricity production, direct use purposes, and home heating efficiency through geothermal heat pumps.
According to the Environmental Protection Agency, Geoexchange is the most energy-efficient, environmentally clean, and cost-effective space conditioning system available. Geoexchange.us reports, “Every 100,000 homes with geothermal heat pump systems reduce foreign oil consumption by 2.15 million barrels annually and reduce electricity consumption by 799 million kilowatt hours annually.”
With rising energy costs, the Geoexchange industry has been growing, with delivery of geothermal heat-pump systems nearly doubling between 2004 and 2007.
In a recent letter to the shareholders, Jason McDiarmid, President/CEO of Essential Innovations, stated, “Today, we are driven to the production, network expansion and ensuing training and dealer support for our proprietary geothermal heat pump technology, with such goal being supported by our supplementary business segment capable of providing unique financing options for long-term geothermal loop-field infrastructure installation and management alongside our financing partners -- these distinct objectives are representative of our overall business organizational model, and they place us in a unique position in the Geoexchange industry set.”
About Featured Geoexchange Showcase Company:
Essential Innovations Technology Corp. (OTCBB: ESIV - FRANKFURT: E6S) provides cutting-edge Geoexchange solutions for residential, commercial and industrial applications as both a manufacturer of proprietary geothermal heat pump technology and as a Geoexchange energy service company. The Company was incorporated in April 2001, and it has four wholly owned subsidiaries located in British Columbia, Canada and in Hong Kong, SAR, and China.
More info can be found on the Investorideas.com Showcase page at: http://www.investorideas.com/CO/ESIV/Default.asp
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of global stocks within the renewable energy, clean- tech sector.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Essential Innovations Technology compensates Investorideas.com as a showcase company with 375,000 144 shares for a 3 month period.
Disclosure: www.InvestorIdeas.com/About/Disclaimer.asp , http://www.investorideas.com/About/News/Clientspecifics.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, Essential Innovations
With Rising Energy Costs, Energy-Efficient Geoexchange Technology Nearly Doubles From 2004-2007
POINT ROBERTS, WA and DELTA, BC April 24, 2008 ,www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents featured showcase Geoexchange Technology Provider, Essential Innovations Technology Corp. (OTC Bulletin Board: ESIV - FRANKFURT: E6S).
Geothermal energy is used for electricity production, direct use purposes, and home heating efficiency through geothermal heat pumps.
According to the Environmental Protection Agency, Geoexchange is the most energy-efficient, environmentally clean, and cost-effective space conditioning system available. Geoexchange.us reports, “Every 100,000 homes with geothermal heat pump systems reduce foreign oil consumption by 2.15 million barrels annually and reduce electricity consumption by 799 million kilowatt hours annually.”
With rising energy costs, the Geoexchange industry has been growing, with delivery of geothermal heat-pump systems nearly doubling between 2004 and 2007.
In a recent letter to the shareholders, Jason McDiarmid, President/CEO of Essential Innovations, stated, “Today, we are driven to the production, network expansion and ensuing training and dealer support for our proprietary geothermal heat pump technology, with such goal being supported by our supplementary business segment capable of providing unique financing options for long-term geothermal loop-field infrastructure installation and management alongside our financing partners -- these distinct objectives are representative of our overall business organizational model, and they place us in a unique position in the Geoexchange industry set.”
About Featured Geoexchange Showcase Company:
Essential Innovations Technology Corp. (OTCBB: ESIV - FRANKFURT: E6S) provides cutting-edge Geoexchange solutions for residential, commercial and industrial applications as both a manufacturer of proprietary geothermal heat pump technology and as a Geoexchange energy service company. The Company was incorporated in April 2001, and it has four wholly owned subsidiaries located in British Columbia, Canada and in Hong Kong, SAR, and China.
More info can be found on the Investorideas.com Showcase page at: http://www.investorideas.com/CO/ESIV/Default.asp
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of global stocks within the renewable energy, clean- tech sector.
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Essential Innovations Technology compensates Investorideas.com as a showcase company with 375,000 144 shares for a 3 month period.
Disclosure: www.InvestorIdeas.com/About/Disclaimer.asp , http://www.investorideas.com/About/News/Clientspecifics.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, Essential Innovations
Wednesday, January 02, 2008
New Renewable Energy stock listing - GREENHUNTER ENERGY (AMEX:GRH)
American Stock Exchange Lists the Common Stock of GreenHunter Energy, Inc.
NEW YORK, Jan. 2 , 2008 -- The American Stock Exchange® (Amex®) today lists the common stock of GreenHunter Energy, Inc. under the ticker symbol GRH.Located in Grapevine, Texas, GreenHunter Energy, Inc. is a company focused on the renewable energy sector of wind, bio-mass and bio-fuel. The Company's assets consist of leases of real property of future development of wind energy projects located in Montana, New Mexico and California, a former waste-oil and chemical refinery currently being converted to a bio-diesel refinery located in Houston, Texas and a bio-mass power plant located in El Centro, California.
"We proudly welcome GreenHunter Energy, Inc. to the American Stock Exchange," said Neal Wolkoff, Chairman and CEO of Amex. "Many energy companies have chosen to list at the Amex, and we are pleased that GreenHunter Energy is the latest company to recognize our expanding presence in this important sector."
Gary C. Evans, Chairman and CEO of GreenHunter Energy, Inc., stated, "As our management team continues to implement our business plan during 2008 and beyond, our capital needs required to fund this future growth will dramatically expand. Our past experience has proven that a market-driven listed security will significantly broaden our financing options with many investment banking institutions on Wall Street. By having a listed security, GreenHunter Energy shareholders will greatly benefit from the increased investor visibility that comes with trading on Amex."
The specialist for GreenHunter Energy, Inc. is Kellogg Capital Group, LLC. For further information on GRH and other Amex-listed companies, please visit www.amex.com.
About American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 380 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.
Source: American Stock Exchange(R)
GREENHUNTER ENERGY (AMEX:GRH) GreenHunter Energy is focused on the renewable energy sectors of wind, solar, biofuels, and biomass power plants. Our assets consist of leases of real property for future development of wind energy projects located in Montana, New Mexico and California, a former waste oil and chemical refinery currently being converted to the nation’s largest biodiesel refinery located in Houston, Texas, and a biomass power plant located in El Centro, California. Headquartered in Grapevine, Texas, GreenHunter Energy was formed to be the first publicly traded renewable energy company that provides to investors a portfolio of diversified assets in the alternative energy sector.http://www.greenhunterenergy.com/
We will be adding GreenHunter to our growing list of renewable energy stocks today
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
NEW YORK, Jan. 2 , 2008 -- The American Stock Exchange® (Amex®) today lists the common stock of GreenHunter Energy, Inc. under the ticker symbol GRH.Located in Grapevine, Texas, GreenHunter Energy, Inc. is a company focused on the renewable energy sector of wind, bio-mass and bio-fuel. The Company's assets consist of leases of real property of future development of wind energy projects located in Montana, New Mexico and California, a former waste-oil and chemical refinery currently being converted to a bio-diesel refinery located in Houston, Texas and a bio-mass power plant located in El Centro, California.
"We proudly welcome GreenHunter Energy, Inc. to the American Stock Exchange," said Neal Wolkoff, Chairman and CEO of Amex. "Many energy companies have chosen to list at the Amex, and we are pleased that GreenHunter Energy is the latest company to recognize our expanding presence in this important sector."
Gary C. Evans, Chairman and CEO of GreenHunter Energy, Inc., stated, "As our management team continues to implement our business plan during 2008 and beyond, our capital needs required to fund this future growth will dramatically expand. Our past experience has proven that a market-driven listed security will significantly broaden our financing options with many investment banking institutions on Wall Street. By having a listed security, GreenHunter Energy shareholders will greatly benefit from the increased investor visibility that comes with trading on Amex."
The specialist for GreenHunter Energy, Inc. is Kellogg Capital Group, LLC. For further information on GRH and other Amex-listed companies, please visit www.amex.com.
About American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 380 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.
Source: American Stock Exchange(R)
GREENHUNTER ENERGY (AMEX:GRH) GreenHunter Energy is focused on the renewable energy sectors of wind, solar, biofuels, and biomass power plants. Our assets consist of leases of real property for future development of wind energy projects located in Montana, New Mexico and California, a former waste oil and chemical refinery currently being converted to the nation’s largest biodiesel refinery located in Houston, Texas, and a biomass power plant located in El Centro, California. Headquartered in Grapevine, Texas, GreenHunter Energy was formed to be the first publicly traded renewable energy company that provides to investors a portfolio of diversified assets in the alternative energy sector.http://www.greenhunterenergy.com/
We will be adding GreenHunter to our growing list of renewable energy stocks today
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
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