Renewable Energy Stocks Sector Close-Up on Solar Stocks; J.Peter Lynch Reports, “Solar Stocks have Surprised the Street and Beaten Estimates, Some by a Wide Margin”
Canadian Solar Inc. Leads Sector with Earnings Report and Robust Market Demand for Products
POINT ROBERTS, WA and DELTA, BC—May 14, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within www.Investorideas.com, presents a sector close-up on recent developments and trends in the solar industry and related solar stocks. Insight and commentary features: Canadian Solar Inc., Clear Skies Solar, Inc. (OTCBB: CSKH), XsunX Inc. (OTCBB: XSNX), J.Peter Lynch and Dr. Robert Wilder, CEO and Founder of The Wilderhill Clean Energy Index.
Solar Stocks Sector Close-Up:
*As of May 13, 2008
Canadian Solar Inc. was up $6.68 (19.59%) on reported preliminary unaudited US GAAP financial information for the first quarter ended March 31, 2008. Net revenues for the quarter were $171.2 million (including $2.2 million of silicon material sales), compared to net revenues of $17.5 million for the first quarter of 2007 (including $2.8 million of silicon materials sales) and $127.5 million for the fourth quarter of 2007 (including $2.4 million of silicon materials sales). Net income for the quarter was $19.0 million, or $0.61 per diluted share, compared to a net loss of $3.9 million, or $0.14 per diluted share, for the first quarter of 2007 and net income of $5.9 million, or $0.21 per diluted share, for the fourth quarter of 2007.
In a press release issued by the company, Dr. Shawn Qu, Chairman and CEO, commented,
" Our impressive performance in the first quarter was due to a result of robust market demand for our products, strong pricing, effective management of foreign exchange exposure, strong operational execution of our flexible vertical integration business model, and our balanced supply strategy, which allowed us to increase our product delivery despite a general market shortage of silicon materials.”
The Claymore/MAC Global Solar Energy ETF that tracks an index of 25 global solar companies was up $0.84 (3.16%) as of the end of trading.
Dr. Robert Wilder, CEO and Founder of the Wilderhill Clean Energy Index noted, “A couple of fairly different, conflicting factors are impacting solar power right now: in Europe the ongoing demand from Germany plus more recent entrants like Spain are helping push sales globally. On the other hand looking at the domestic picture, a key Federal tax credit for wind and solar that probably should have been passed in the U.S. some months ago has continued to be held up. Here the Bush Administration has opposed allowing the subsidies now given to oil, to instead be switched to renewables. So companies exporting solar panels from low-cost regions like China, to high demand Europe are faring rather well. By contrast the U.S., which once was the global leader in solar power continues to face headwinds with our domestic manufacturers finding better growth in technological innovation areas like thin films. There is some hope however that more favorable State policies, such as in California will begin to be embraced next year in a faster-evolving Federal solar policy at the national level. “
The Wilderhill Clean Energy Index was up $5.08 (2.30%) at the close May 13, 2008.
Tom Djokovich, CEO, of California based XsunX, Inc.(OTCBB: XSNX) reports , “This year we began executing plans developed last year, to build a thin film amorphous solar module manufacturing facility. Recently we secured a 90,000 sq. ft. facility in Portland OR, to house our first 25MW with over $1 million of nearly new manufacturing support infrastructure in place, and we’re working to finalizing several important material supply contracts. While we’ve been working to get our commercial production ready for first quarter 2009 it appears that the industry has begun to take notice of the superior solar absorbing qualities of amorphous silicon. Several other companies have begun announcing their move towards amorphous and I believe that this lends credibility to the path we have taken.”
CEO Ezra Green, provides insight from his solar company with, “At Clear Skies Solar (OTCBB:CSKH) we're seeing an increase in inquiries and business not only from large US Corporations who are looking for ways to minimize utility expenses, but also from countries such as Spain and Greece and developing countries like India seeking viable energy solutions. We are even being approached by commercial farmers trying to reduce their carbon footprints. In addition, with our own internal research and development department, we're also able to keep ahead of the curve in providing innovative technologies for solar energy users. Clear Skies Solar's XTRAX®, which delivers reliable autonomous data readings for solar energy systems around the United States, is just one example of the innovative new products we are bringing to market.”
Clear Skies Solar (OTCBB: CSKH) closed up 14.81 % at market close.
According to solar expert J.Peter Lynch, “Solar Stocks have again surprised the street and beaten estimates, some by a wide margin. I do expect that the industry will see some margin pressures in 2009, but for now solar stocks have regained momentum and are for the most part technically strong.”
“As you can see from the table below. Most of the stocks are above their short- term technical support (50 -day moving average) as well as, their longer term technical support (200 -day moving average). Momentum is strong and they appear to be coming back from their recent correction.”
US Photovoltaic Related Stocks:
*As of Market data May13, 2008
Name Recent Price 50 Day MA 200 Day MA
Akeena Solar, Inc. 5.2 6.658 6.797
Ascent Solar Technologies, Inc. 15.26 14.285 15.146
Canadian Solar Inc. 34.1 23.652 17.026
China Sunergy Company Ltd. 9.94 8.196 9.141
Distributed Energy Systems Corp. 0.44 0.478 0.601
DayStar Technologies Inc. 4.04 3.188 4.09
EMCORE Corporation 6.92 7.425 9.659
Energy Conversion Devices Inc 51.62 31.343 28.395
Evergreen Solar, Inc. 8.21 9.191 10.81
First Solar, Inc. 284.84 249.255 188.353
JA Solar Holdings Co., Ltd 22.1 19.963 17.732
LDK Solar Company Ltd. 37.46 29.619 40.254
ReneSola, Ltd. (United Kingdom) ADR 18.83 13.125 12.733
Solarfun Power Holdings Co. 14.94 12.925 15.319
Spire Corporation 13.71 14.753 15.806
Sunpower Corporation 84.4 78.013 89.574
Suntech Power Holdings 41.6 40.976 50.162
Trina Solar Limited 41.6 36.584 44.772
MEMC Electronic Materials, Inc. 67.44 74.049 70.417
Yingli Green Energy Holding Company Limited 22.58 19.429 24.074
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTC BB: CSKH) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. More info can be found on the Investorideas.com Company Showcase, or the company website at www.clearskiesgroup.com.
Featured Showcase Solar Company: XsunX Inc.(OTCBB: XSNX) is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. More info can be found on the Investorideas.com Company Showcase, or the company website at http://www.xsunx.com/.
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. Disclosure: XsunX and Clear Skies Holdings compensate the website $5000 per month.
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: Investorideas.com, RenewableEnergyStocks.com, XsunX, Clear Skies Solar
Get insight into cleantech and renewable energy stocks with news and the cleantech and climate change podcast. This blog is part of www.investorideas.com cleantech investor content .
Wednesday, May 14, 2008
Tuesday, May 13, 2008
Solar stock , Canadian Solar Reports First Quarter 2008 Results- Net income for the quarter was $19.0 million, or $0.61 per diluted share
Canadian Solar Reports First Quarter 2008 Results-
JIANGSU, China, May 13 2008 -- Canadian Solar Inc.(Nasdaq: CSIQ) today reported its preliminary unaudited US GAAP financial information for the first quarter ended March 31, 2008.
Net revenues for the quarter were $171.2 million (including $2.2 million of silicon material sales), compared to net revenues of $17.5 million for the first quarter of 2007 (including $2.8 million of silicon materials sales) and $127.5 million for the fourth quarter of 2007 (including $2.4 million of silicon materials sales). Net income for the quarter was $19.0 million, or $0.61 per diluted share, compared to a net loss of $3.9 million, or $0.14 per diluted share, for the first quarter of 2007 and net income of $5.9 million, or $0.21 per diluted share, for the fourth quarter of 2007. If share-based compensation expenses of $2.2 million were excluded, non-GAAP net income for the quarter would have been $21.2 million, or $0.65 per diluted share.
Dr. Shawn Qu, Chairman and CEO of CSI, commented: "I am very pleased with our first quarter results and proud to say that our team has now achieved four consecutive quarters of revenue growth and profit margin improvement. Our impressive performance in the first quarter was due to a result of robust market demand for our products, strong pricing, effective management of foreign exchange exposure, strong operational execution of our flexible vertical integration business model, and our balanced supply strategy, which allowed us to increase our product delivery despite a general market shortage of silicon materials. In Q1, we significantly increased our internal solar cell production, which resulted in a positive impact on our bottom line. Our new Changshu solar module plant was completed on schedule during the quarter. This gave us the ability to quickly increase shipments in March following the severe weather conditions earlier in the year. Deliveries from most of our strategic suppliers are now generally on track."
Bing Zhu, CFO of CSI, noted: "We delivered on our promise to improve our gross margins and we were able to increase diluted earnings per share by close to 200% compared with Q4 2007 due to our disciplined financial management and continued operational efficiency. The significant upside to our bottom line was mainly contributed by three factors -- strong pricing, the strong Euro vs. USD, and our internal cost cutting. Although the large foreign exchange gain is likely a one-time event, we believe that the other factors will remain positive, and will, therefore, help us maintain a similar level of profitability going forward."
Revenue by Geography (US $ millions)
Q108 Q407 Q107 Region Revenue % Revenue % Revenue % Europe 167.6 97.9% 124.1 97.3% 12.1 69.4% Asia 2.4 1.4% 2.9 2.3% 3.3 18.9% Americas 1.2 0.7% 0.5 0.4% 2.1 11.7% Total Net 171.2 100% 127.5 100% 17.5 100% Revenue
Note: Asian revenue included $2.2 million of silicon materials sales in the first quarter of 2008 and $2.4 million of silicon materials sales in the fourth quarter of 2007.
Recent Developments
We commenced commercial production of e-Modules, a cost-effective medium power solar module product using 100% upgraded metallurgical grade (UMG) silicon, in March. We converted one of our solar cell lines and dedicated it to UMG cells in early April and ramped up to full production shortly thereafter. We have produced approximately one MW of UMG cells over the past four weeks. We believe that we have so far achieved the technical and economic parameters which we preset for the ramp up phase. Delivery of e-Modules to our European and US customers started in early May. We believe that we are on track to achieve our prior estimate of shipping 30-40MW of e-Modules in 2008.
Outlook
Dr. Qu continued: "We also believe that we are on track to achieve our prior guidance of shipping 200 -220MW of regular solar modules in 2008, not including shipments of e-Modules, and to continue our record of quarter over quarter revenue growth. We intend to continue our long-term and proven supply chain strategy of combining internal solar wafer and cell production with direct purchasing from a select number of long-term strategic wafer and cell suppliers. We expect that many of the positive market trends that we witnessed in Q1 will continue for the rest of the year, and believe that the gross margin that we were able to achieve in Q1 bodes well for our ability to achieve our 13% - 15% gross margin target for the year."
Net revenue for Q208 is expected to be in the range of $185 - $190 million, with non-GAAP net income, determined by excluding share based compensation expenses, expected to be in the range of $17 - $18 million. Shipments for Q208 are expected to be approximately 45MW, including some tolling business.
Looking ahead to 2009, if all of our long-term supply contracts are fully implemented, we will have access to 200MW of regular polysilicon and wafers. Based on our strong position as a worldwide photovoltaic solar module supplier and the expansion plans of our strategic partners, we believe that we should be able to secure an additional 200MW of regular polysilicon and wafers, thereby enabling us to produce approximately 400MW of regular photovoltaic solar modules. In addition, we expect to produce 100 - 150MW of UMG silicon products in 2009.
Investor Conference Call / Webcast Details
A conference call has been scheduled for 8:00 p.m. on Tuesday, May 13, 2008 (in Jiangsu). This will be 8:00 a.m. on Tuesday, May 13, 2008 in New York. During the call, time will be set-aside for analysts and interested investors to ask questions of senior executive officers of the Company.
The call may be accessed by dialing: +1-800-688-0836 (domestic) or +1-617- 614-4072 (international). The passcode to access the call is: 98964967. A replay of the call will be available starting one hour after the call and continuing until 10:00 p.m. on Tuesday, May 20, 2008 (in Jiangsu) or 10:00 a.m. on Tuesday, May 10, 2008 (in New York) at http://www.csisolar.com and by telephone at 1-888-286-8010 (domestic) or +1-617-801-6888 (international). The passcode to access the replay is: 11545239.
About Canadian Solar Inc. (Nasdaq: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on May 29, 2007. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
see company news for full details -
http://ca.news.finance.yahoo.com/s/13052008/31/link-finance-news-canadian-solar-reports-first-quarter-2008-results.html
JIANGSU, China, May 13 2008 -- Canadian Solar Inc.(Nasdaq: CSIQ) today reported its preliminary unaudited US GAAP financial information for the first quarter ended March 31, 2008.
Net revenues for the quarter were $171.2 million (including $2.2 million of silicon material sales), compared to net revenues of $17.5 million for the first quarter of 2007 (including $2.8 million of silicon materials sales) and $127.5 million for the fourth quarter of 2007 (including $2.4 million of silicon materials sales). Net income for the quarter was $19.0 million, or $0.61 per diluted share, compared to a net loss of $3.9 million, or $0.14 per diluted share, for the first quarter of 2007 and net income of $5.9 million, or $0.21 per diluted share, for the fourth quarter of 2007. If share-based compensation expenses of $2.2 million were excluded, non-GAAP net income for the quarter would have been $21.2 million, or $0.65 per diluted share.
Dr. Shawn Qu, Chairman and CEO of CSI, commented: "I am very pleased with our first quarter results and proud to say that our team has now achieved four consecutive quarters of revenue growth and profit margin improvement. Our impressive performance in the first quarter was due to a result of robust market demand for our products, strong pricing, effective management of foreign exchange exposure, strong operational execution of our flexible vertical integration business model, and our balanced supply strategy, which allowed us to increase our product delivery despite a general market shortage of silicon materials. In Q1, we significantly increased our internal solar cell production, which resulted in a positive impact on our bottom line. Our new Changshu solar module plant was completed on schedule during the quarter. This gave us the ability to quickly increase shipments in March following the severe weather conditions earlier in the year. Deliveries from most of our strategic suppliers are now generally on track."
Bing Zhu, CFO of CSI, noted: "We delivered on our promise to improve our gross margins and we were able to increase diluted earnings per share by close to 200% compared with Q4 2007 due to our disciplined financial management and continued operational efficiency. The significant upside to our bottom line was mainly contributed by three factors -- strong pricing, the strong Euro vs. USD, and our internal cost cutting. Although the large foreign exchange gain is likely a one-time event, we believe that the other factors will remain positive, and will, therefore, help us maintain a similar level of profitability going forward."
Revenue by Geography (US $ millions)
Q108 Q407 Q107 Region Revenue % Revenue % Revenue % Europe 167.6 97.9% 124.1 97.3% 12.1 69.4% Asia 2.4 1.4% 2.9 2.3% 3.3 18.9% Americas 1.2 0.7% 0.5 0.4% 2.1 11.7% Total Net 171.2 100% 127.5 100% 17.5 100% Revenue
Note: Asian revenue included $2.2 million of silicon materials sales in the first quarter of 2008 and $2.4 million of silicon materials sales in the fourth quarter of 2007.
Recent Developments
We commenced commercial production of e-Modules, a cost-effective medium power solar module product using 100% upgraded metallurgical grade (UMG) silicon, in March. We converted one of our solar cell lines and dedicated it to UMG cells in early April and ramped up to full production shortly thereafter. We have produced approximately one MW of UMG cells over the past four weeks. We believe that we have so far achieved the technical and economic parameters which we preset for the ramp up phase. Delivery of e-Modules to our European and US customers started in early May. We believe that we are on track to achieve our prior estimate of shipping 30-40MW of e-Modules in 2008.
Outlook
Dr. Qu continued: "We also believe that we are on track to achieve our prior guidance of shipping 200 -220MW of regular solar modules in 2008, not including shipments of e-Modules, and to continue our record of quarter over quarter revenue growth. We intend to continue our long-term and proven supply chain strategy of combining internal solar wafer and cell production with direct purchasing from a select number of long-term strategic wafer and cell suppliers. We expect that many of the positive market trends that we witnessed in Q1 will continue for the rest of the year, and believe that the gross margin that we were able to achieve in Q1 bodes well for our ability to achieve our 13% - 15% gross margin target for the year."
Net revenue for Q208 is expected to be in the range of $185 - $190 million, with non-GAAP net income, determined by excluding share based compensation expenses, expected to be in the range of $17 - $18 million. Shipments for Q208 are expected to be approximately 45MW, including some tolling business.
Looking ahead to 2009, if all of our long-term supply contracts are fully implemented, we will have access to 200MW of regular polysilicon and wafers. Based on our strong position as a worldwide photovoltaic solar module supplier and the expansion plans of our strategic partners, we believe that we should be able to secure an additional 200MW of regular polysilicon and wafers, thereby enabling us to produce approximately 400MW of regular photovoltaic solar modules. In addition, we expect to produce 100 - 150MW of UMG silicon products in 2009.
Investor Conference Call / Webcast Details
A conference call has been scheduled for 8:00 p.m. on Tuesday, May 13, 2008 (in Jiangsu). This will be 8:00 a.m. on Tuesday, May 13, 2008 in New York. During the call, time will be set-aside for analysts and interested investors to ask questions of senior executive officers of the Company.
The call may be accessed by dialing: +1-800-688-0836 (domestic) or +1-617- 614-4072 (international). The passcode to access the call is: 98964967. A replay of the call will be available starting one hour after the call and continuing until 10:00 p.m. on Tuesday, May 20, 2008 (in Jiangsu) or 10:00 a.m. on Tuesday, May 10, 2008 (in New York) at http://www.csisolar.com and by telephone at 1-888-286-8010 (domestic) or +1-617-801-6888 (international). The passcode to access the replay is: 11545239.
About Canadian Solar Inc. (Nasdaq: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on May 29, 2007. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
see company news for full details -
http://ca.news.finance.yahoo.com/s/13052008/31/link-finance-news-canadian-solar-reports-first-quarter-2008-results.html
Renewable Energy Stocks Audio Interview with Geothermal Stock, Essential Innovations Technology Corp. (OTCBB: ESIV - FRANKFURT: E6S)
Renewable Energy Stocks Audio Interview with Geothermal Stock, Essential Innovations Technology Corp. (OTCBB: ESIV - FRANKFURT: E6S)
Jason McDiarmid, President and CEO of Geoexchange Technology Company, Discusses
Global Market Opportunities in North America, Europe and Asia
POINT ROBERTS, WA and DELTA, BC - May 13, 2008, www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents an audio interview with renewable energy showcase company, Essential Innovations Technology Corp. Jason McDiarmid, President and CEO of Essential Innovations Technology, (OTCBB: ESIV, FRANKFURT: E6S) provides investors with a company history and background and discusses global opportunities for his Geothermal company in North America, Europe and China.
Essential Innovations Technology Corp. is a Geoexchange Technology Company that provides solutions for residential, commercial and institutional applications as both a manufacturer of proprietary geothermal heat pump technology and as a Geoexchange energy service company.
President and CEO, Jason McDiarmid, notes they get a lot of inquires from Asia,” Being located on the West Coast we have unique access to the Pacific Rim. We now have a number of opportunities and are working towards establishing manufacturing in Asia in the near term. It is a very exciting market, where energy efficiency and pollution control are very hot buttons today.”
Mr. McDiarmid also discusses projects underway and in the pipeline including the recently announced Diamondview Estates residential project site in Westbank, B.C. and a Joint Venture with Optimira Energy Canada, Ltd that will enhance and build upon their current services.
To hear the full audio interview click here: http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/051208.mp3
Investors are reminded to read the company’s Safe Harbor Statements and Forward-Looking Statements Policy on filings and press releases.
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
Jason McDiarmid, President and CEO of Geoexchange Technology Company, Discusses
Global Market Opportunities in North America, Europe and Asia
POINT ROBERTS, WA and DELTA, BC - May 13, 2008, www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents an audio interview with renewable energy showcase company, Essential Innovations Technology Corp. Jason McDiarmid, President and CEO of Essential Innovations Technology, (OTCBB: ESIV, FRANKFURT: E6S) provides investors with a company history and background and discusses global opportunities for his Geothermal company in North America, Europe and China.
Essential Innovations Technology Corp. is a Geoexchange Technology Company that provides solutions for residential, commercial and institutional applications as both a manufacturer of proprietary geothermal heat pump technology and as a Geoexchange energy service company.
President and CEO, Jason McDiarmid, notes they get a lot of inquires from Asia,” Being located on the West Coast we have unique access to the Pacific Rim. We now have a number of opportunities and are working towards establishing manufacturing in Asia in the near term. It is a very exciting market, where energy efficiency and pollution control are very hot buttons today.”
Mr. McDiarmid also discusses projects underway and in the pipeline including the recently announced Diamondview Estates residential project site in Westbank, B.C. and a Joint Venture with Optimira Energy Canada, Ltd that will enhance and build upon their current services.
To hear the full audio interview click here: http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/051208.mp3
Investors are reminded to read the company’s Safe Harbor Statements and Forward-Looking Statements Policy on filings and press releases.
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
Monday, May 12, 2008
Record Gas and Oil Prices Drive Sales for ZAP, Electric Car Orders Grow to $6.8 Million
Record Gas and Oil Prices Drive Sales for ZAP, Electric Car Orders Grow to $6.8 Million
SANTA ROSA, CA., May 12, 2008 - Record gas prices are driving more consumers to seek electric transportation, says industry pioneer ZAP (OTCBB: ZAAP). The Northern California Company reported that as of April 8, 2008 it had $6.8 million in backlog orders for the Xebra electric sedan and pickup from auto-dealer purchase contracts.
The $6.8 million backlog in dealer purchase contracts surpasses ZAP's sales for all of 2007 and are based on a delivery schedule over a 12-month period. The backlog for ZAP's consumer products on the same date was $712,000, including sales for the Zapino and ZAPPY3 scooters, ATVs, Recharge-It-All battery systems and others.
ZAP designed the Xebra as a simple alternative to the growing demand for electric cars. The vehicle is suitable for city-speed driving, commuting and fleet use, situations where electric vehicles can be more economical than gasoline cars.
"As I researched more into the EV market I found that the ZAP Xebra was the only production electric vehicle available that could obtain such speeds and actually be driven on regular roads contrary to the governed LSV," writes electric car dealer Jonathan Ortiz of Foreign Affairs Auto in West Palm Beach, Florida. "I began to understand there are literally hundreds of ideal applications and usages that the XEBRA could fill."
Ortiz was recently featured in an Internet podcast interview about electric car dealerships. Use the link below to hear the full interview:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/dg042308.mp3
"My silly little ZAP truck gives me more satisfaction then any ICE I have ever owned, and I am a car buff," says electric vehicle dealer Sean Rarey of Grants Pass, Oregon. "I do not use gas unless I am going out-of-town. Honestly, I think the price of gas is contributing to the decline of our economy while big oil gets fatter and fatter off the profits."
ZAP is working to create a dealer network that for its full-line of electric vehicles and future vehicles as they become available. Surging consumer demand has seen ZAP's number of dealers grow from about 20 automotive dealers in April 2007 to over 50 today.
ZAP holds a monthly dealer training for the sales and service of the Xebra. The next dealer training is scheduled for May 30th with some dealers coming from as far away as New Zealand.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias in collaboration with Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:
Contact:
Alex Campbell
ZAP
707-525-8658 x 241
acampbell@zapworld.com
Source: ZAP
SANTA ROSA, CA., May 12, 2008 - Record gas prices are driving more consumers to seek electric transportation, says industry pioneer ZAP (OTCBB: ZAAP). The Northern California Company reported that as of April 8, 2008 it had $6.8 million in backlog orders for the Xebra electric sedan and pickup from auto-dealer purchase contracts.
The $6.8 million backlog in dealer purchase contracts surpasses ZAP's sales for all of 2007 and are based on a delivery schedule over a 12-month period. The backlog for ZAP's consumer products on the same date was $712,000, including sales for the Zapino and ZAPPY3 scooters, ATVs, Recharge-It-All battery systems and others.
ZAP designed the Xebra as a simple alternative to the growing demand for electric cars. The vehicle is suitable for city-speed driving, commuting and fleet use, situations where electric vehicles can be more economical than gasoline cars.
"As I researched more into the EV market I found that the ZAP Xebra was the only production electric vehicle available that could obtain such speeds and actually be driven on regular roads contrary to the governed LSV," writes electric car dealer Jonathan Ortiz of Foreign Affairs Auto in West Palm Beach, Florida. "I began to understand there are literally hundreds of ideal applications and usages that the XEBRA could fill."
Ortiz was recently featured in an Internet podcast interview about electric car dealerships. Use the link below to hear the full interview:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/dg042308.mp3
"My silly little ZAP truck gives me more satisfaction then any ICE I have ever owned, and I am a car buff," says electric vehicle dealer Sean Rarey of Grants Pass, Oregon. "I do not use gas unless I am going out-of-town. Honestly, I think the price of gas is contributing to the decline of our economy while big oil gets fatter and fatter off the profits."
ZAP is working to create a dealer network that for its full-line of electric vehicles and future vehicles as they become available. Surging consumer demand has seen ZAP's number of dealers grow from about 20 automotive dealers in April 2007 to over 50 today.
ZAP holds a monthly dealer training for the sales and service of the Xebra. The next dealer training is scheduled for May 30th with some dealers coming from as far away as New Zealand.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias in collaboration with Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:
Contact:
Alex Campbell
ZAP
707-525-8658 x 241
acampbell@zapworld.com
Source: ZAP
XsunX Thin Film Solar Module Manufacturing Facility Sublease Approved and Renovations Underway
XsunX Thin Film Solar Module Manufacturing Facility Sublease Approved and Renovations Underway
ALISO VIEJO, Calif., May 12, 2008 - XsunX, Inc. (OTCBB: XSNX), a solar technology Company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facilities, announced today that the sublease of its new manufacturing facilities has been approved by the primary landlord, and that demolition work to remove unnecessary and obstructive infrastructure commenced the week of May 5th.
This demolition work is required to prepare the facility for XsunX improvements specific to its TFPV manufacturing processes. The Company has scheduled demolition to be completed in July with facility improvements scheduled to begin immediately thereafter.
The existing 90,000 square foot building, located in the City of Wood Village just east of Portland, Oregon, provides XsunX with extensive industrial manufacturing infrastructure including multiple clean air management systems, emergency power generation system, over 200 tons of water chilling capabilities, water purification and vacuum systems for substrate cleaning, and extensive air support systems to manage heat produced from TFPV manufacturing operations. XsunX has agreed to purchase these systems for approximately $112,000 along with a host of other industrial apparatus including support equipment such as office, networking, and telecommunications infrastructure.
"We are very pleased with the terms of our equipment purchase agreement and the capabilities of these relatively new systems." commented Mr. Joe Grimes, COO for XsunX. "We are continuing to benefit both financially and logistically from the selection of this manufacturing site. We have been busy moving our plans forward and in April, we completed architectural drawings outlining demolition requirements which received city building approval the week of May 5th. In conjunction, we are preparing our facility improvement plans which are scheduled to be completed by mid June. In an effort to achieve our growth plans, we have begun hiring staff in Oregon to supervise our facility renovations and to meet our staffing needs," concluded Grimes.
XsunX has hired an on-site Facilities Manager who is intimately familiar with the existing facilities and former operations. The Facility Manager will be an invaluable resource in supervising the preparation and subsequent operation of the facility for XsunX's TFPV manufacturing operations. The Company has also hired an on-site Human Resource Specialist to prepare and initiate hiring plans for adding a large number of employees to the XsunX team. The Company has also begun working with local community colleges to establish training programs and plans to announce on-site job fairs as work progresses.
For more information about XsunX, please visit www.XsunX.com.
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
XsunX, Inc. is a featured Company on RenewableEnergyStocks.com
For full details, click here: http://www.renewableenergystocks.com/CO/XSNX/Default.asp
Source: XsunX, Inc.
ALISO VIEJO, Calif., May 12, 2008 - XsunX, Inc. (OTCBB: XSNX), a solar technology Company engaged in the build-out of its multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facilities, announced today that the sublease of its new manufacturing facilities has been approved by the primary landlord, and that demolition work to remove unnecessary and obstructive infrastructure commenced the week of May 5th.
This demolition work is required to prepare the facility for XsunX improvements specific to its TFPV manufacturing processes. The Company has scheduled demolition to be completed in July with facility improvements scheduled to begin immediately thereafter.
The existing 90,000 square foot building, located in the City of Wood Village just east of Portland, Oregon, provides XsunX with extensive industrial manufacturing infrastructure including multiple clean air management systems, emergency power generation system, over 200 tons of water chilling capabilities, water purification and vacuum systems for substrate cleaning, and extensive air support systems to manage heat produced from TFPV manufacturing operations. XsunX has agreed to purchase these systems for approximately $112,000 along with a host of other industrial apparatus including support equipment such as office, networking, and telecommunications infrastructure.
"We are very pleased with the terms of our equipment purchase agreement and the capabilities of these relatively new systems." commented Mr. Joe Grimes, COO for XsunX. "We are continuing to benefit both financially and logistically from the selection of this manufacturing site. We have been busy moving our plans forward and in April, we completed architectural drawings outlining demolition requirements which received city building approval the week of May 5th. In conjunction, we are preparing our facility improvement plans which are scheduled to be completed by mid June. In an effort to achieve our growth plans, we have begun hiring staff in Oregon to supervise our facility renovations and to meet our staffing needs," concluded Grimes.
XsunX has hired an on-site Facilities Manager who is intimately familiar with the existing facilities and former operations. The Facility Manager will be an invaluable resource in supervising the preparation and subsequent operation of the facility for XsunX's TFPV manufacturing operations. The Company has also hired an on-site Human Resource Specialist to prepare and initiate hiring plans for adding a large number of employees to the XsunX team. The Company has also begun working with local community colleges to establish training programs and plans to announce on-site job fairs as work progresses.
For more information about XsunX, please visit www.XsunX.com.
Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
XsunX, Inc. is a featured Company on RenewableEnergyStocks.com
For full details, click here: http://www.renewableenergystocks.com/CO/XSNX/Default.asp
Source: XsunX, Inc.
Wednesday, May 07, 2008
Clear Skies Solar Signs $1.7 Million Agreement to Provide Renewable Energy for California Dairy Farm
Clear Skies Solar Signs $1.7 Million Agreement to Provide Renewable Energy for California Dairy Farm
Solar Installation Will Provide Energy for Scott Brothers Dairy Farm
NEW YORK, Clear Skies Solar, Inc. (OTCBB: CSKH), a leading provider of renewable energy solutions, today announced that it will provide solar power to a Riverside County, CA, dairy farm, Scott Brothers Dairy Farms.
Under the $1,700,000 agreement, Clear Skies Solar will provide approximately 240 kilowatts of solar power to the dairy farm, helping it to offset its carbon footprint, reduce energy usage and save on utility costs.
Construction, anticipated to commence this summer, will consist of two systems. The first will include construction of a 63.86kW installation and the second will install an additional 74.93kWs. Clear Skies Solar will install the solar panels on shade structures and an existing barn on Scott Brothers’ San Jacinto, CA-based dairy farm.
“At the time that we decided to install new shade structures to help keep our cows cooler, my father, Stan, brother, Bruce, and I were already doing research about ways to reduce our carbon footprint and reduce energy consumption,” said Brad Scott of Scott Brothers Dairy Farms. “That is when we decided to look into installing solar energy to our farm and sought out companies that not only have the experience to handle the construction, but also have the ability to help us navigate the various rebate programs associated with installing solar energy.”
Clear Skies Solar is currently conducting engineering and working closely with Scott Brothers Dairy Farms to navigate the various financing options and rebates available to them to assist Scott Brothers in making its farm more environmentally conscious.
“An increasing number of agricultural businesses are looking at ways to decrease their carbon footprints and conserve natural resources,” said Ezra Green, Chairman and CEO of Clear Skies Solar. “Clear Skies Solar is proud to work with forward-thinking businesses like Scott Brothers Dairy Farms who are at the forefront of this initiative and recognize the integral role that solar energy will play in both the future of their operations and of the larger global energy market.”
Clear Skies Solar offers a proven renewable energy solution for the agricultural industry at a time when high energy prices and consumption are negatively affecting business. The agricultural industry is a solid market prospect that Clear Skies Solar will continue to service with expert alternative energy consultation and installation.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
About Scott Bros Dairy Farms
For more than 95 years, Scott Brothers Dairy has been producing and distributing high quality dairy products including Milk, Yogurt, Sour Cream, Ice Cream, Soft Serve mixes and Soft Frozen Yogurt mixes. Non-dairy products we manufacture include Orange Juice, Fruit Punch, and other fruit drinks. Headed by Stan Scott and his two sons Brad and Bruce, Scott Brothers also provides and distributes various cheeses, meats, salads, dressings, and ice cream. Scott Brothers’ is committed to providing it’s customers with exceptional products and service and is able to customize and co-pack many products to meet every customer’s needs. For more information visit www.scottbrothers.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company’s actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as “believes,” “belief,” “expects,” “expect,” “intends,” “intend,” “anticipate,” “anticipates,” “plans,” “plan,” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s filings with Securities and Exchange Commission.
Clear Skies Holdings, Inc. is a featured Company on Investorideas.com Green portals.
For full details, click here: http://www.renewableenergystocks.com/CO/CSG/Default.asp
Contact:
Avalanche Strategic Communications
Media Inquiries:
Laura Finlayson, 201-488-0049
laura@avalanchepr.com
or
PR Financial Marketing
Investor Relations:
Jim Blackman, 713-256-0369
jim@prfmonline.com
Source: Clear Skies Holdings, Inc.
Solar Installation Will Provide Energy for Scott Brothers Dairy Farm
NEW YORK, Clear Skies Solar, Inc. (OTCBB: CSKH), a leading provider of renewable energy solutions, today announced that it will provide solar power to a Riverside County, CA, dairy farm, Scott Brothers Dairy Farms.
Under the $1,700,000 agreement, Clear Skies Solar will provide approximately 240 kilowatts of solar power to the dairy farm, helping it to offset its carbon footprint, reduce energy usage and save on utility costs.
Construction, anticipated to commence this summer, will consist of two systems. The first will include construction of a 63.86kW installation and the second will install an additional 74.93kWs. Clear Skies Solar will install the solar panels on shade structures and an existing barn on Scott Brothers’ San Jacinto, CA-based dairy farm.
“At the time that we decided to install new shade structures to help keep our cows cooler, my father, Stan, brother, Bruce, and I were already doing research about ways to reduce our carbon footprint and reduce energy consumption,” said Brad Scott of Scott Brothers Dairy Farms. “That is when we decided to look into installing solar energy to our farm and sought out companies that not only have the experience to handle the construction, but also have the ability to help us navigate the various rebate programs associated with installing solar energy.”
Clear Skies Solar is currently conducting engineering and working closely with Scott Brothers Dairy Farms to navigate the various financing options and rebates available to them to assist Scott Brothers in making its farm more environmentally conscious.
“An increasing number of agricultural businesses are looking at ways to decrease their carbon footprints and conserve natural resources,” said Ezra Green, Chairman and CEO of Clear Skies Solar. “Clear Skies Solar is proud to work with forward-thinking businesses like Scott Brothers Dairy Farms who are at the forefront of this initiative and recognize the integral role that solar energy will play in both the future of their operations and of the larger global energy market.”
Clear Skies Solar offers a proven renewable energy solution for the agricultural industry at a time when high energy prices and consumption are negatively affecting business. The agricultural industry is a solid market prospect that Clear Skies Solar will continue to service with expert alternative energy consultation and installation.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
About Scott Bros Dairy Farms
For more than 95 years, Scott Brothers Dairy has been producing and distributing high quality dairy products including Milk, Yogurt, Sour Cream, Ice Cream, Soft Serve mixes and Soft Frozen Yogurt mixes. Non-dairy products we manufacture include Orange Juice, Fruit Punch, and other fruit drinks. Headed by Stan Scott and his two sons Brad and Bruce, Scott Brothers also provides and distributes various cheeses, meats, salads, dressings, and ice cream. Scott Brothers’ is committed to providing it’s customers with exceptional products and service and is able to customize and co-pack many products to meet every customer’s needs. For more information visit www.scottbrothers.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company’s actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as “believes,” “belief,” “expects,” “expect,” “intends,” “intend,” “anticipate,” “anticipates,” “plans,” “plan,” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s filings with Securities and Exchange Commission.
Clear Skies Holdings, Inc. is a featured Company on Investorideas.com Green portals.
For full details, click here: http://www.renewableenergystocks.com/CO/CSG/Default.asp
Contact:
Avalanche Strategic Communications
Media Inquiries:
Laura Finlayson, 201-488-0049
laura@avalanchepr.com
or
PR Financial Marketing
Investor Relations:
Jim Blackman, 713-256-0369
jim@prfmonline.com
Source: Clear Skies Holdings, Inc.
Friday, May 02, 2008
Green Investor Resource - EIRIS Ethical Funds Directory 2008
EIRIS Ethical Funds Directory 2008
click here for free PDF
http://www.eiris.org/files/public%20information%20type%20publications/greenðicalfunddirectory.pdf
EIRIS is a leading global provider of independent research into the social, environmental andethical performance of companies. EIRIS, a UK based organisation with an office in the USAand a representative office in Japan, and its international research partners together have awealth of experience in the field of socially responsible investment (SRI) research. EIRISprovides comprehensive research of nearly 3,000 companies in Europe, North America andAsia Pacific.
click here for free PDF
http://www.eiris.org/files/public%20information%20type%20publications/greenðicalfunddirectory.pdf
EIRIS is a leading global provider of independent research into the social, environmental andethical performance of companies. EIRIS, a UK based organisation with an office in the USAand a representative office in Japan, and its international research partners together have awealth of experience in the field of socially responsible investment (SRI) research. EIRISprovides comprehensive research of nearly 3,000 companies in Europe, North America andAsia Pacific.
Monday, April 28, 2008
Investorideas.com green media coverage
April 27, 2008 Newsday.com- YOUR MONEY: It's good to be green, but avoid the red . Similarly, InvestorIdeas.com offers a "Green Investing" link on its home page that includes profiles of the companies.http://www.newsday.com/business/yourmoney/ny-kdopenpgh5661482apr27,0,2218146.story
Friday, April 25, 2008
NYSE Arca to Begin Trading Options on Claymore/MAC Global Solar Energy Index ETF -The FirstSolar Energy ETF-
NYSE Arca to Begin Trading Options on Claymore/MAC Global Solar Energy Index ETF -The FirstSolar Energy ETF-
-Further Proving the Value of an NYSE Euronext Listing-
NEW YORK--April 24 2008 --NYSE Euronext (NYX) today announced that NYSE Arca Options began trading options on Claymore/MAC Global Solar Energy Index ETF (TAN). With an average daily volume increase of 67% in March 2008 and total volume increase by 71% compared to March 2007, NYSE Arca Options continues to offer superior functionality, competitive pricing, and cost effective executions for its customers.
Originally listed on NYSE Arca on April 15, 2008, TAN is designed to track approximately 25 companies within the following business segments of the solar power industry: equipment producers, suppliers of materials or services, installation, integration or finance, and companies that specialize in selling electricity. As the first ETF to offer exposure to solar energy securities, the Claymore/MAC Global Solar Energy Index grants investors access to one of the world’s fastest growing industries.
“We welcome back Claymore and are excited to begin trading options on Claymore/MAC Global Solar Energy Index ETF, the first solar energy ETF,” said Lisa Dallmer, Senior Vice President, ETFs and Indexes. “The combination of listing and trading the ETF and options on TAN is an excellent example of NYSE Euronext’s unique value proposition and our leadership as the world’s first global multi-product exchange group.”
“Today’s listing further demonstrates our commitment to our issuers by offering them the opportunity to conveniently list both of their investment products under NYSE Euronext banner, through NYSE Arca,” said Ed Boyle, Senior Vice President, NYSE Arca Options. “We are proud to provide issuers like Claymore with the ability to reach the broadest range of investors around the world.”
The Claymore/MAC Global Solar Energy Index ETF has an average daily trading volume of 536,494 shares with $42,726,460 million assets under management in only its first week of trading. NYSE Arca’s markets share of trading in TAN since listing is 82.3%.
For more information on NYSE Euronext products and services, please visit: http://www.nyse.com
About NYSE Euronext
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, include the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. NYSE Euronext's nearly 4,000 listed companies represent a combined $27.3 / €17.3 trillion in total global market capitalization (as of March 31, 2008), more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $169.6 / €113.2 billion (as of March 31, 2008), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2006 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on June 6, 2007 under No. R.07-0089), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
Contacts NYSE EuronextStephanie Scotto, 212-656-4896sscotto@nyx.com
-Further Proving the Value of an NYSE Euronext Listing-
NEW YORK--April 24 2008 --NYSE Euronext (NYX) today announced that NYSE Arca Options began trading options on Claymore/MAC Global Solar Energy Index ETF (TAN). With an average daily volume increase of 67% in March 2008 and total volume increase by 71% compared to March 2007, NYSE Arca Options continues to offer superior functionality, competitive pricing, and cost effective executions for its customers.
Originally listed on NYSE Arca on April 15, 2008, TAN is designed to track approximately 25 companies within the following business segments of the solar power industry: equipment producers, suppliers of materials or services, installation, integration or finance, and companies that specialize in selling electricity. As the first ETF to offer exposure to solar energy securities, the Claymore/MAC Global Solar Energy Index grants investors access to one of the world’s fastest growing industries.
“We welcome back Claymore and are excited to begin trading options on Claymore/MAC Global Solar Energy Index ETF, the first solar energy ETF,” said Lisa Dallmer, Senior Vice President, ETFs and Indexes. “The combination of listing and trading the ETF and options on TAN is an excellent example of NYSE Euronext’s unique value proposition and our leadership as the world’s first global multi-product exchange group.”
“Today’s listing further demonstrates our commitment to our issuers by offering them the opportunity to conveniently list both of their investment products under NYSE Euronext banner, through NYSE Arca,” said Ed Boyle, Senior Vice President, NYSE Arca Options. “We are proud to provide issuers like Claymore with the ability to reach the broadest range of investors around the world.”
The Claymore/MAC Global Solar Energy Index ETF has an average daily trading volume of 536,494 shares with $42,726,460 million assets under management in only its first week of trading. NYSE Arca’s markets share of trading in TAN since listing is 82.3%.
For more information on NYSE Euronext products and services, please visit: http://www.nyse.com
About NYSE Euronext
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, include the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. NYSE Euronext's nearly 4,000 listed companies represent a combined $27.3 / €17.3 trillion in total global market capitalization (as of March 31, 2008), more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $169.6 / €113.2 billion (as of March 31, 2008), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2006 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on June 6, 2007 under No. R.07-0089), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
Contacts NYSE EuronextStephanie Scotto, 212-656-4896sscotto@nyx.com
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
Tuesday, April 22, 2008
Renewable Energy Stocks; Earth Day Sector Close-Up on Solar Stocks
Renewable Energy Stocks; Earth Day Sector Close-Up on Solar Stocks
Solar Stocks Help Investors Think Green as First Solar Shares Spike for Earth Day
POINT ROBERTS, WA and DELTA, BC---Apr 22, 2008 -- www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks as investors think of green investing for Earth Day 2008.
For investors following solar stocks, a new solar ETF may be a diversified way to invest in and track the sector. The Claymore/MAC Global Solar Energy ETF (Market, News) tracks an index comprised of 25 global solar companies.
Renewable Energy Stocks' solar expert, J Peter Lynch, commented, "There is always the chance that the solar tax credit extensions will fail again given the dysfunctional politics currently in operation in the U.S. But even if this most negative of outcomes should come to pass, it will only delay the inevitable. The solar giant will sleep a bit longer -- but not for very much longer.
"Once America awakens, you can take all the current supply and demand projections and throw them out the window. America's active entrance into the world solar market will dramatically ramp up the demand side of the equation and mark the beginning of a massive renewable transition."
"According to the U.S. Department of Energy's international energy outlook report, worldwide demand for electricity is expected to nearly double over the next two decades," stated Tom Djokovich, CEO of XsunX, Inc (OTC BB:XSNX.OB). "When we stop for a moment on Earth Day to picture a world demanding twice the electrical power that we consume today I think it provides a sobering moment to realize that we can not continue to use our air and water supplies as a dumping ground. Alternatives such as solar power provide a solution and a clear path to helping solve our energy demand needs while creating a safer environment for all of us. This growth in demand is why XsunX is working to help fill the need for solar power alternatives. We've been working on the build-out of our first 25mega-watt thin-film solar module manufacturing facility and we're making consistent progress. We hope to announce soon the completion of several of our material supply agreements to ensure access to the materials we will need to manufacture our solar modules. Today global electricity generation represents about $1 trillion in revenues and as demand grows we plan to play a part in the long-term growth of solar and the broader electrical power industry."
In comparing renewable current energy sources, Brian C. Yerger, Research Analyst at Jesup & Lamont Securities, remarks, "We have 2 primary energy needs: Oil/gasoline used for transportation needs does not directly compete with solar, wind, and geothermal despite the (incorrect) strong market correlation. The other is coal and natural gas for electricity needs which does compete with solar, wind, geothermal and those prices, not oil, would be the better fossil fuel pricing indicators renewable energy investors should be aware of."
"As the solar industry continues to evolve, solar will become a key energy source providing not only to our homes and businesses with earth-friendly power but also providing power on a larger scale to municipalities and developing areas where electricity is limited," said Ezra Green, Chief Executive Officer of Clear Skies Solar. "At Clear Skies Solar (OTC BB:CSKH.OB ), we are working to find new and unique ways to harness the power of the sun. In just the last two months we've launched our patented XTRAX® Solar Monitoring System, a proprietary Solar Power Supply (SPS) Vehicle Data Monitoring Device and the TetraPort Solar Energy Carport System that even includes independent AC power outlets to charge electric or hybrid automobiles. Our in-house research and development department will continue to work each day to find new uses for solar energy or enhance existing solar solutions in an effort to limit fossil fuel use and make solar energy a viable alternative for everyone."
Sector Close-Up as of Trading April 22, 2008: Stocks to Watch
The Claymore/MAC Global Solar Energy ETF (Market, News )
Akeena Solar Inc. (NASDAQ:AKNS) has grown to become one of the largest national installers of residential and commercial solar power systems in the United States.
Evergreen Solar Inc. (Market, News) develops, manufactures, and markets solar power products primarily in Europe and the United States.
LDK Solar ADR (Market, News) recently completed a $400 million offering of 4.75 percent convertible senior notes.
Canadian Solar Inc. (Market, News)
China Sunergy Company Ltd. (Market, News)
First Solar (Market, News) gave investors impressive gains as everyone think green for Earth Day.
SunPower Corporation (Market, News )
Yingli Green Energy Holding Company Limited (Market, News)
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTC BB:CSKH.OB ) through its wholly owned subsidiary, Clear Skies Group, Inc., provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSG was incorporated in 2003 and launched formal operations in 2005. During that time period, CSG developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSG has become one of the premier solar electric installation companies in the country. More info can be found on the Investorideas.com Company Showcase, or www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.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, Blogs, and a directory of stocks within the renewable energy, clean tech and fuel cell sectors.
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. XsunX and Clear Skies Holdings compensate the website $5000 per month.
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: Investorideas.com RenewableEnergyStocks.com, XsunX, Clear Skies Holdings, Inc, Akeena Solar
Solar Stocks Help Investors Think Green as First Solar Shares Spike for Earth Day
POINT ROBERTS, WA and DELTA, BC---Apr 22, 2008 -- www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks as investors think of green investing for Earth Day 2008.
For investors following solar stocks, a new solar ETF may be a diversified way to invest in and track the sector. The Claymore/MAC Global Solar Energy ETF (Market, News) tracks an index comprised of 25 global solar companies.
Renewable Energy Stocks' solar expert, J Peter Lynch, commented, "There is always the chance that the solar tax credit extensions will fail again given the dysfunctional politics currently in operation in the U.S. But even if this most negative of outcomes should come to pass, it will only delay the inevitable. The solar giant will sleep a bit longer -- but not for very much longer.
"Once America awakens, you can take all the current supply and demand projections and throw them out the window. America's active entrance into the world solar market will dramatically ramp up the demand side of the equation and mark the beginning of a massive renewable transition."
"According to the U.S. Department of Energy's international energy outlook report, worldwide demand for electricity is expected to nearly double over the next two decades," stated Tom Djokovich, CEO of XsunX, Inc (OTC BB:XSNX.OB). "When we stop for a moment on Earth Day to picture a world demanding twice the electrical power that we consume today I think it provides a sobering moment to realize that we can not continue to use our air and water supplies as a dumping ground. Alternatives such as solar power provide a solution and a clear path to helping solve our energy demand needs while creating a safer environment for all of us. This growth in demand is why XsunX is working to help fill the need for solar power alternatives. We've been working on the build-out of our first 25mega-watt thin-film solar module manufacturing facility and we're making consistent progress. We hope to announce soon the completion of several of our material supply agreements to ensure access to the materials we will need to manufacture our solar modules. Today global electricity generation represents about $1 trillion in revenues and as demand grows we plan to play a part in the long-term growth of solar and the broader electrical power industry."
In comparing renewable current energy sources, Brian C. Yerger, Research Analyst at Jesup & Lamont Securities, remarks, "We have 2 primary energy needs: Oil/gasoline used for transportation needs does not directly compete with solar, wind, and geothermal despite the (incorrect) strong market correlation. The other is coal and natural gas for electricity needs which does compete with solar, wind, geothermal and those prices, not oil, would be the better fossil fuel pricing indicators renewable energy investors should be aware of."
"As the solar industry continues to evolve, solar will become a key energy source providing not only to our homes and businesses with earth-friendly power but also providing power on a larger scale to municipalities and developing areas where electricity is limited," said Ezra Green, Chief Executive Officer of Clear Skies Solar. "At Clear Skies Solar (OTC BB:CSKH.OB ), we are working to find new and unique ways to harness the power of the sun. In just the last two months we've launched our patented XTRAX® Solar Monitoring System, a proprietary Solar Power Supply (SPS) Vehicle Data Monitoring Device and the TetraPort Solar Energy Carport System that even includes independent AC power outlets to charge electric or hybrid automobiles. Our in-house research and development department will continue to work each day to find new uses for solar energy or enhance existing solar solutions in an effort to limit fossil fuel use and make solar energy a viable alternative for everyone."
Sector Close-Up as of Trading April 22, 2008: Stocks to Watch
The Claymore/MAC Global Solar Energy ETF (Market, News )
Akeena Solar Inc. (NASDAQ:AKNS) has grown to become one of the largest national installers of residential and commercial solar power systems in the United States.
Evergreen Solar Inc. (Market, News) develops, manufactures, and markets solar power products primarily in Europe and the United States.
LDK Solar ADR (Market, News) recently completed a $400 million offering of 4.75 percent convertible senior notes.
Canadian Solar Inc. (Market, News)
China Sunergy Company Ltd. (Market, News)
First Solar (Market, News) gave investors impressive gains as everyone think green for Earth Day.
SunPower Corporation (Market, News )
Yingli Green Energy Holding Company Limited (Market, News)
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTC BB:CSKH.OB ) through its wholly owned subsidiary, Clear Skies Group, Inc., provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSG was incorporated in 2003 and launched formal operations in 2005. During that time period, CSG developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSG has become one of the premier solar electric installation companies in the country. More info can be found on the Investorideas.com Company Showcase, or www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.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, Blogs, and a directory of stocks within the renewable energy, clean tech and fuel cell sectors.
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. XsunX and Clear Skies Holdings compensate the website $5000 per month.
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: Investorideas.com RenewableEnergyStocks.com, XsunX, Clear Skies Holdings, Inc, Akeena Solar
Monday, April 21, 2008
YAHOO! LAUNCHES GLOBAL “FREE IS GOOD” REUSE CAMPAIGN FOR EARTH DAY
YAHOO! LAUNCHES GLOBAL “FREE IS GOOD” REUSE CAMPAIGN FOR EARTH DAY
SUNNYVALE, CALIF. – APRIL 21, 2008 – In celebration of Earth Day, Yahoo! (NasdaqGS: YHOO) today announced the launch of a “Free Is Good” campaign aimed at motivating its online community of more than 500 million users worldwide to reduce their impact on the environment through reuse.
From April 20 through May 4, Yahoo! will help inspire people to join groups and recycle by placing eco-friendly prizes, such as a “Smart car”, eco-trips and green cleaning services, in randomly selected reuse groups. Yahoo! created a microsite to make it easy for users to find a reuse group in their community. The site will be promoted on Yahoo!’s homepage and throughout the network. Yahoo! will also host reuse events at many of its campuses worldwide for employees.
Yahoo! is teaming up with reuse groups like Freecycle, a grassroots community of 4.7 million members across 85 countries, and other popular online reuse groups, to inspire people around the world to think twice before throwing an item in a landfill. In addition to helping our planet, reusing helps people save money and give back to their community.
“Through Yahoo! Green, our Carbon Neutrality program and other green initiatives, Yahoo! is committed to empowering the largest online community in the world with the tools, tips and information to make a positive impact on the planet,” said David Filo, co-founder and Chief Yahoo!. “We’ve seen a grassroots surge in consumers looking for information about reuse so we’re using our network to help move consumers from awareness to action.”
Reuse groups such as Freecycle are the most trafficked on Yahoo! groups. “Freecycle” was the 3rd top green search in 2007. According to the US Environmental Protection Agency (EPA), the amount of waste each person creates has almost doubled from 2.7 to 4.4 pounds per day over the past 35 years. The EPA recommends source reduction, which includes reuse, as the most environmentally sound strategy for preventing waste. A recent online survey of 2,000 US adults conducted by Yahoo! and Decipher Inc. found that 90 percent of respondents said that they would consider product reuse if more education was done on the matter.
Yahoo!’s Earth Day Microsite can be found at http://green.yahoo.com/earth-day.
About Yahoo!
Yahoo! Inc.(NasdaqGS: YHOO) is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo! is focused on powering its communities of users, advertisers, publishers, and developers by creating indispensable experiences built on trust. Yahoo! is headquartered in Sunnyvale, California. For more information, visit pressroom.yahoo.com or the company’s blog, Yodel Anecdotal.
Press contacts:
Yahoo!Kelley Benander, 408-349-4072, kelleyb@yahoo-inc.com OutCast CommunicationsKim Milosevich, 415-392-8282, kim@outcastpr.com
Amy Salek
OutCast Communications
asalek@outcastpr.com main: 415-392-8282
SUNNYVALE, CALIF. – APRIL 21, 2008 – In celebration of Earth Day, Yahoo! (NasdaqGS: YHOO) today announced the launch of a “Free Is Good” campaign aimed at motivating its online community of more than 500 million users worldwide to reduce their impact on the environment through reuse.
From April 20 through May 4, Yahoo! will help inspire people to join groups and recycle by placing eco-friendly prizes, such as a “Smart car”, eco-trips and green cleaning services, in randomly selected reuse groups. Yahoo! created a microsite to make it easy for users to find a reuse group in their community. The site will be promoted on Yahoo!’s homepage and throughout the network. Yahoo! will also host reuse events at many of its campuses worldwide for employees.
Yahoo! is teaming up with reuse groups like Freecycle, a grassroots community of 4.7 million members across 85 countries, and other popular online reuse groups, to inspire people around the world to think twice before throwing an item in a landfill. In addition to helping our planet, reusing helps people save money and give back to their community.
“Through Yahoo! Green, our Carbon Neutrality program and other green initiatives, Yahoo! is committed to empowering the largest online community in the world with the tools, tips and information to make a positive impact on the planet,” said David Filo, co-founder and Chief Yahoo!. “We’ve seen a grassroots surge in consumers looking for information about reuse so we’re using our network to help move consumers from awareness to action.”
Reuse groups such as Freecycle are the most trafficked on Yahoo! groups. “Freecycle” was the 3rd top green search in 2007. According to the US Environmental Protection Agency (EPA), the amount of waste each person creates has almost doubled from 2.7 to 4.4 pounds per day over the past 35 years. The EPA recommends source reduction, which includes reuse, as the most environmentally sound strategy for preventing waste. A recent online survey of 2,000 US adults conducted by Yahoo! and Decipher Inc. found that 90 percent of respondents said that they would consider product reuse if more education was done on the matter.
Yahoo!’s Earth Day Microsite can be found at http://green.yahoo.com/earth-day.
About Yahoo!
Yahoo! Inc.(NasdaqGS: YHOO) is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo! is focused on powering its communities of users, advertisers, publishers, and developers by creating indispensable experiences built on trust. Yahoo! is headquartered in Sunnyvale, California. For more information, visit pressroom.yahoo.com or the company’s blog, Yodel Anecdotal.
Press contacts:
Yahoo!Kelley Benander, 408-349-4072, kelleyb@yahoo-inc.com OutCast CommunicationsKim Milosevich, 415-392-8282, kim@outcastpr.com
Amy Salek
OutCast Communications
asalek@outcastpr.com main: 415-392-8282
To Commemorate Earth Day the World's Most Popular Board Game Announces the Addition of Renewable Energy Utilities on the MONOPOLY Here & Now
To Commemorate Earth Day the World's Most Popular Board Game Announces the Addition of Renewable Energy Utilities on the MONOPOLY Here & Now: The World Edition Game Board
PAWTUCKET, R.I.---April 21 2008 -(NYSE:HAS )Recognizing the increasing importance of renewable energy sources around the world, MONOPOLY announces that it will feature “Wind Energy” and “Solar Energy” as the utilities in the upcoming MONOPOLY Here & Now: The World Edition game. The new utilities will replace the “Water Works” and “Electric Company” spaces that traditionally appear on the MONOPOLY game board. “When creating this first-ever worldwide MONOPOLY game board, we reviewed all elements of the game to ensure that it reflects today’s global perspective. This included the utility property spaces,” said Phil Jackson, Group Executive, Hasbro Games(HAS). “In a nod to the efforts of countries worldwide to increase the effectiveness and availability of renewable energy sources, we decided to feature Solar Energy and Wind Energy on the game board.”
Globally, wind energy and solar energy are among the fastest growing renewable energy sources. According to the World Wind Energy Association, wind energy generates more than 1 percent of global electricity and is used in more than 70 countries. Solar power continues to grow in popularity as an energy source, with Germany, Japan and the United States leading the world in solar energy capacity. Additionally, rooftop solar heat collectors provide hot water to more than 50 million households worldwide.
In early 2008, MONOPOLY fans from around the world voted for the global cities that they would like to see represented on the first-ever World edition game board. More than 5 million votes were cast during the voting period to determine the 22 cities that will be featured on the game board. The results of the worldwide vote will be announced in August 2008. The new MONOPOLY Here & Now: The World Edition will be available in stores around the world in Autumn 2008.
The official MONOPOLY board has long represented elite locations in individual cities. However, recently Parker Brothers invited fans of the game to help update the board in their respective countries to reflect what the game board would look like if it were created today instead of in 1935. The votes resulted in the “Here & Now” versions of the game in each country. Previous “Here & Now” editions have featured “Cell Phone Service” and “Internet Service” instead of the Water Works and Electric Company utility spaces.
Since 1935, more than 250 million copies of the MONOPOLY game have been sold in 103 countries and 37 languages. More than 200 different editions of the game have been published, but the most popular continues to be the classic "Number Nine." Affectionately known by its original product number, "Number Nine" is based on the streets of Atlantic City and is nearly identical to Charles Darrow's original submission to Parker Brothers. The MONOPOLY name and logo, the distinctive design of the game board, the four corner squares, the MR. MONOPOLY name and the character, as well as each of the distinctive elements of the board and playing pieces are trademarks of Hasbro for its property trading game and game equipment. © 2008 Hasbro, All Rights Reserved.
Hasbro (NYSE:HAS ) is a worldwide leader in children's and family leisure time entertainment products and services, including the design, manufacture and marketing of games and toys ranging from traditional to high-tech. Both internationally and in the U.S., its PLAYSKOOL, TONKA, MILTON BRADLEY, PARKER BROTHERS, TIGER, CRANIUM and WIZARDS OF THE COAST brands and products provide the highest quality and most recognizable play experiences in the world. © 2008 Hasbro, Inc. All Rights Reserved.
Contact:Hunter Public RelationsDonetta Allen, 212-679-6600dallen@hunterpr.comorHasbro, Inc.Pat Riso, 413-526-2307priso@hasbro.com
Source: Hasbro, Inc.
PAWTUCKET, R.I.---April 21 2008 -(NYSE:HAS )Recognizing the increasing importance of renewable energy sources around the world, MONOPOLY announces that it will feature “Wind Energy” and “Solar Energy” as the utilities in the upcoming MONOPOLY Here & Now: The World Edition game. The new utilities will replace the “Water Works” and “Electric Company” spaces that traditionally appear on the MONOPOLY game board. “When creating this first-ever worldwide MONOPOLY game board, we reviewed all elements of the game to ensure that it reflects today’s global perspective. This included the utility property spaces,” said Phil Jackson, Group Executive, Hasbro Games(HAS). “In a nod to the efforts of countries worldwide to increase the effectiveness and availability of renewable energy sources, we decided to feature Solar Energy and Wind Energy on the game board.”
Globally, wind energy and solar energy are among the fastest growing renewable energy sources. According to the World Wind Energy Association, wind energy generates more than 1 percent of global electricity and is used in more than 70 countries. Solar power continues to grow in popularity as an energy source, with Germany, Japan and the United States leading the world in solar energy capacity. Additionally, rooftop solar heat collectors provide hot water to more than 50 million households worldwide.
In early 2008, MONOPOLY fans from around the world voted for the global cities that they would like to see represented on the first-ever World edition game board. More than 5 million votes were cast during the voting period to determine the 22 cities that will be featured on the game board. The results of the worldwide vote will be announced in August 2008. The new MONOPOLY Here & Now: The World Edition will be available in stores around the world in Autumn 2008.
The official MONOPOLY board has long represented elite locations in individual cities. However, recently Parker Brothers invited fans of the game to help update the board in their respective countries to reflect what the game board would look like if it were created today instead of in 1935. The votes resulted in the “Here & Now” versions of the game in each country. Previous “Here & Now” editions have featured “Cell Phone Service” and “Internet Service” instead of the Water Works and Electric Company utility spaces.
Since 1935, more than 250 million copies of the MONOPOLY game have been sold in 103 countries and 37 languages. More than 200 different editions of the game have been published, but the most popular continues to be the classic "Number Nine." Affectionately known by its original product number, "Number Nine" is based on the streets of Atlantic City and is nearly identical to Charles Darrow's original submission to Parker Brothers. The MONOPOLY name and logo, the distinctive design of the game board, the four corner squares, the MR. MONOPOLY name and the character, as well as each of the distinctive elements of the board and playing pieces are trademarks of Hasbro for its property trading game and game equipment. © 2008 Hasbro, All Rights Reserved.
Hasbro (NYSE:HAS ) is a worldwide leader in children's and family leisure time entertainment products and services, including the design, manufacture and marketing of games and toys ranging from traditional to high-tech. Both internationally and in the U.S., its PLAYSKOOL, TONKA, MILTON BRADLEY, PARKER BROTHERS, TIGER, CRANIUM and WIZARDS OF THE COAST brands and products provide the highest quality and most recognizable play experiences in the world. © 2008 Hasbro, Inc. All Rights Reserved.
Contact:Hunter Public RelationsDonetta Allen, 212-679-6600dallen@hunterpr.comorHasbro, Inc.Pat Riso, 413-526-2307priso@hasbro.com
Source: Hasbro, Inc.
Wednesday, April 16, 2008
RecycleBank Secures $30 Million in Series B Funding from Top Venture Capital Firms
RecycleBank Secures $30 Million in Series B Funding from Top Venture Capital Firms
Kleiner, Perkins, Caulfield and Byers and The Westly Group Join RRE Ventures and Sigma Partners in Funding Successful Recycling Reward Program
NEW YORK--April 15 2008 --RecycleBank, a rewards program that motivates households to recycle, announced today that it has secured $30 million in Series B funding from leading venture capital firms, Kleiner, Perkins, Caulfield and Byers (KPCB), RRE Ventures, Sigma Partners and The Westly Group. RecycleBank will be using this funding to rapidly scale in the United States and continue expansion into Europe in the next 24 months.
KPCB and The Westly Group join RecycleBank’s current investors, RRE Ventures and Sigma Partners in funding the growth and expansion of RecycleBank. KPCB has been an early investor in more than 300 information technology and biotech firms for more than 30 years, including Sun Microsystems, Google and Amazon.com. Today, KPCB is actively working with GreenTech innovators and entrepreneurs. Al Gore recently joined KPCB as a partner, securing a strategic alliance with Gore’s Generation Investment Management. By combining the network, vision, expertise and global reach of Al Gore and Generation Investment Management, KPCB’s goal is to help entrepreneurs change the world.
“Eighty percent of all garbage is recyclable, yet the average residential recycling rate is less than 20 percent. By simply measuring the amount of recycling and rewarding recyclers with real value, RecycleBank has more than doubled recycling rates in every community that’s deployed the program to-date,” said Trae Vassallo, partner at KPCB. “We’ve been searching hard for companies that provide real benefits to consumers through being green and we were delighted to find RecycleBank. RecycleBank reduces landfills, reduces energy use and rewards consumers for doing the right thing.”
The Westly Group invests in and advises leading CleanTech companies in an effort to accelerate the CleanTech revolution. The company was founded by Steve Westly, who most recently served as the controller and chief fiscal officer the state of California, the world’s sixth largest economy. With extensive operating experience in the private and public sectors, from Silicon Valley to Washington and beyond, The Westly Group uses its experiences to give firms the momentum they need to achieve their potential.
“I truly believe that while most people are focusing on biofuels and solar, recycling is on the cutting edge of clean technology – and RecycleBank is the future of recycling,” said Steve Westly, managing partner of The Westly Group.
In addition to receiving funding from both KPCB and The Westly Group, both RRE Ventures and Sigma Parthers invested in the Series B round. The two companies were part of RecycleBank’s round of Series A funding that was announced in May of 2007. Through the secured Series A funding, RecycleBank was able to expand quickly throughout the Northeast. With this round of Series B funding, RecycleBank will be expanding its program throughout the U.S., Europe and beyond.
“Over the past year, RecycleBank has achieved tremendous growth,” said Stuart Ellman, managing partner, RRE Ventures. “With this round of funding, RecycleBank will have the means to continue its expansion in the U.S. and to penetrate the European market as well.”
RecycleBank motivates households and communities to recycle by measuring the amount of recyclables from each home and converting the weight into RecycleBank Reward Points. These Points can be viewed and redeemed at www.recyclebank.com with more than 400 national RecycleBank Reward Partners such as Kraft Foods, Evian® Natural Spring Water, Dunkin’ Donuts, Stonyfield Farms, Green Mountain Coffee and Coca-Cola, as well as local reward partners like restaurants and grocery stores. Currently, RecycleBank is in more than 40 municipalities throughout Pennsylvania, Delaware, Massachusetts, Vermont, Connecticut and New Jersey. To date, RecycleBank households have already diverted more than 36 million tons of recyclables from landfills.
“Having an investment team that includes RRE Ventures, Sigma Partners, KPCB and The Westly Group is a great compliment to the exceptional team of people at RecycleBank, the value that we are building and our social mission,” said Ron Gonen, co-founder and CEO of RecycleBank.
About RecycleBank:
RecycleBank is a rewards program that motivates people to recycle. It does this by quickly and easily measuring the amount of material each home recycles and then converting that activity into RecycleBank Reward Points that can be used at hundreds of local and national rewards partners. RecycleBank is simple to implement, market-driven and proven to work, saving municipalities’ money and rewarding citizens for their environmental stewardship. RRE Ventures and Sigma Partners are the largest institutional shareholder group and Ron Gonen, the co-founder and CEO is the largest individual shareholder. RecycleBank is headquartered in New York City and also maintains an office in Philadelphia. Visit www.recyclebank.com for more information.
About Kleiner, Perkins, Caulfield and Byers:
Kleiner Perkins Caufield & Byers is leading the venture community to invest in and accelerate Green technology solutions and policy innovations. The firm has been active in GreenTech initiatives since 1999. KPCB has committed more than $200 million to ventures across the globe that offer green technology products and services, such as better biofuels, renewable energy generation, cleaner transportation, improved energy storage, and higher energy efficiency technologies. More than half the firm’s investing professionals are involved in GreenTech investments. www.kpcb.com/greentech Since its founding in 1972, KPCB has backed entrepreneurs in over 475 ventures, including AOL, Align Technology, Amazon.com, Citrix, Compaq Computer, Electronic Arts, Genentech, Genomic Health, Google, IDEC Pharmaceuticals, Intuit, Juniper Networks, Netscape, Lotus, LSI Logic, Sun Microsystems, Symantec, Verisign and Xilinx. More than 150 of the firm's portfolio companies have gone public. Many other ventures have achieved success through mergers and acquisitions. The firm has offices in Menlo Park, California, Beijing, China and Shanghai, China.
About RRE Ventures:
Since its founding in 1994, RRE Ventures has been dedicated to helping talented management teams build leading companies in the software, communications, and financial services industries. With $850 million in assets, the firm backs entrepreneurs and management teams that possess the knowledge, vision, and discipline to create market-dominating companies. RRE’s team offers a unique combination of management, operations, and investment expertise, as well as an unrivaled network of relationships that has helped build over ninety companies. For more information, visit: www.rre.com.
About Sigma Partners:
Founded in 1984, Sigma Partners is a leading early-stage venture capital firm. The Sigma team uses their deep operational experience to provide entrepreneurs with practical strategic counsel through every phase of company growth. With over $1.5 billion under management and bicoastal offices, Sigma invests in innovative technology startups across the United States. Some of the market leading companies in which Sigma has invested include Atria, Cascade, Clarify, Internet Security Systems, KLA-Tencor, Octel, VeriFone, Vermeer, and Vignette. For more information, please visit http://www.sigmapartners.com.
About The Westly Group:
The Westly Group is a clean technology-oriented venture capital firm located in Menlo Park, California. We focus primarily on companies with proven revenue streams but are open to investments in all stages of growth. We are looking for teams with innovative technologies to solve the world’s most pressing problems. We believe in the power of the passionate entrepreneur—whether sitting in a modern office tower or a dark Silicon Valley garage—to change the world. Our investments tend to be in later stage companies with existing revenue streams and proven technologies. To win in the clean technology space, a company must navigate the halls of government, build a team that knows how to move fast, and meet the modern regulatory standards required of public companies. We pride ourselves on our ability to help our portfolio companies grow and succeed under these conditions.
Contacts Press:Articulate Communications Inc.Kate Corcoran, 212-255-0080, ext. 18kcorcoran@articulatepr.com
Kleiner, Perkins, Caulfield and Byers and The Westly Group Join RRE Ventures and Sigma Partners in Funding Successful Recycling Reward Program
NEW YORK--April 15 2008 --RecycleBank, a rewards program that motivates households to recycle, announced today that it has secured $30 million in Series B funding from leading venture capital firms, Kleiner, Perkins, Caulfield and Byers (KPCB), RRE Ventures, Sigma Partners and The Westly Group. RecycleBank will be using this funding to rapidly scale in the United States and continue expansion into Europe in the next 24 months.
KPCB and The Westly Group join RecycleBank’s current investors, RRE Ventures and Sigma Partners in funding the growth and expansion of RecycleBank. KPCB has been an early investor in more than 300 information technology and biotech firms for more than 30 years, including Sun Microsystems, Google and Amazon.com. Today, KPCB is actively working with GreenTech innovators and entrepreneurs. Al Gore recently joined KPCB as a partner, securing a strategic alliance with Gore’s Generation Investment Management. By combining the network, vision, expertise and global reach of Al Gore and Generation Investment Management, KPCB’s goal is to help entrepreneurs change the world.
“Eighty percent of all garbage is recyclable, yet the average residential recycling rate is less than 20 percent. By simply measuring the amount of recycling and rewarding recyclers with real value, RecycleBank has more than doubled recycling rates in every community that’s deployed the program to-date,” said Trae Vassallo, partner at KPCB. “We’ve been searching hard for companies that provide real benefits to consumers through being green and we were delighted to find RecycleBank. RecycleBank reduces landfills, reduces energy use and rewards consumers for doing the right thing.”
The Westly Group invests in and advises leading CleanTech companies in an effort to accelerate the CleanTech revolution. The company was founded by Steve Westly, who most recently served as the controller and chief fiscal officer the state of California, the world’s sixth largest economy. With extensive operating experience in the private and public sectors, from Silicon Valley to Washington and beyond, The Westly Group uses its experiences to give firms the momentum they need to achieve their potential.
“I truly believe that while most people are focusing on biofuels and solar, recycling is on the cutting edge of clean technology – and RecycleBank is the future of recycling,” said Steve Westly, managing partner of The Westly Group.
In addition to receiving funding from both KPCB and The Westly Group, both RRE Ventures and Sigma Parthers invested in the Series B round. The two companies were part of RecycleBank’s round of Series A funding that was announced in May of 2007. Through the secured Series A funding, RecycleBank was able to expand quickly throughout the Northeast. With this round of Series B funding, RecycleBank will be expanding its program throughout the U.S., Europe and beyond.
“Over the past year, RecycleBank has achieved tremendous growth,” said Stuart Ellman, managing partner, RRE Ventures. “With this round of funding, RecycleBank will have the means to continue its expansion in the U.S. and to penetrate the European market as well.”
RecycleBank motivates households and communities to recycle by measuring the amount of recyclables from each home and converting the weight into RecycleBank Reward Points. These Points can be viewed and redeemed at www.recyclebank.com with more than 400 national RecycleBank Reward Partners such as Kraft Foods, Evian® Natural Spring Water, Dunkin’ Donuts, Stonyfield Farms, Green Mountain Coffee and Coca-Cola, as well as local reward partners like restaurants and grocery stores. Currently, RecycleBank is in more than 40 municipalities throughout Pennsylvania, Delaware, Massachusetts, Vermont, Connecticut and New Jersey. To date, RecycleBank households have already diverted more than 36 million tons of recyclables from landfills.
“Having an investment team that includes RRE Ventures, Sigma Partners, KPCB and The Westly Group is a great compliment to the exceptional team of people at RecycleBank, the value that we are building and our social mission,” said Ron Gonen, co-founder and CEO of RecycleBank.
About RecycleBank:
RecycleBank is a rewards program that motivates people to recycle. It does this by quickly and easily measuring the amount of material each home recycles and then converting that activity into RecycleBank Reward Points that can be used at hundreds of local and national rewards partners. RecycleBank is simple to implement, market-driven and proven to work, saving municipalities’ money and rewarding citizens for their environmental stewardship. RRE Ventures and Sigma Partners are the largest institutional shareholder group and Ron Gonen, the co-founder and CEO is the largest individual shareholder. RecycleBank is headquartered in New York City and also maintains an office in Philadelphia. Visit www.recyclebank.com for more information.
About Kleiner, Perkins, Caulfield and Byers:
Kleiner Perkins Caufield & Byers is leading the venture community to invest in and accelerate Green technology solutions and policy innovations. The firm has been active in GreenTech initiatives since 1999. KPCB has committed more than $200 million to ventures across the globe that offer green technology products and services, such as better biofuels, renewable energy generation, cleaner transportation, improved energy storage, and higher energy efficiency technologies. More than half the firm’s investing professionals are involved in GreenTech investments. www.kpcb.com/greentech Since its founding in 1972, KPCB has backed entrepreneurs in over 475 ventures, including AOL, Align Technology, Amazon.com, Citrix, Compaq Computer, Electronic Arts, Genentech, Genomic Health, Google, IDEC Pharmaceuticals, Intuit, Juniper Networks, Netscape, Lotus, LSI Logic, Sun Microsystems, Symantec, Verisign and Xilinx. More than 150 of the firm's portfolio companies have gone public. Many other ventures have achieved success through mergers and acquisitions. The firm has offices in Menlo Park, California, Beijing, China and Shanghai, China.
About RRE Ventures:
Since its founding in 1994, RRE Ventures has been dedicated to helping talented management teams build leading companies in the software, communications, and financial services industries. With $850 million in assets, the firm backs entrepreneurs and management teams that possess the knowledge, vision, and discipline to create market-dominating companies. RRE’s team offers a unique combination of management, operations, and investment expertise, as well as an unrivaled network of relationships that has helped build over ninety companies. For more information, visit: www.rre.com.
About Sigma Partners:
Founded in 1984, Sigma Partners is a leading early-stage venture capital firm. The Sigma team uses their deep operational experience to provide entrepreneurs with practical strategic counsel through every phase of company growth. With over $1.5 billion under management and bicoastal offices, Sigma invests in innovative technology startups across the United States. Some of the market leading companies in which Sigma has invested include Atria, Cascade, Clarify, Internet Security Systems, KLA-Tencor, Octel, VeriFone, Vermeer, and Vignette. For more information, please visit http://www.sigmapartners.com.
About The Westly Group:
The Westly Group is a clean technology-oriented venture capital firm located in Menlo Park, California. We focus primarily on companies with proven revenue streams but are open to investments in all stages of growth. We are looking for teams with innovative technologies to solve the world’s most pressing problems. We believe in the power of the passionate entrepreneur—whether sitting in a modern office tower or a dark Silicon Valley garage—to change the world. Our investments tend to be in later stage companies with existing revenue streams and proven technologies. To win in the clean technology space, a company must navigate the halls of government, build a team that knows how to move fast, and meet the modern regulatory standards required of public companies. We pride ourselves on our ability to help our portfolio companies grow and succeed under these conditions.
Contacts Press:Articulate Communications Inc.Kate Corcoran, 212-255-0080, ext. 18kcorcoran@articulatepr.com
Wednesday, April 09, 2008
Cleantech Group Reports Cleantech Investments Up 42 Percent in 1Q08 From Prior Year, Despite Recent Peak of Ethanol, Wind and Thin Film Solar Waves
Cleantech Group Reports Cleantech Investments Up 42 Percent in 1Q08 From Prior Year, Despite Recent Peak of Ethanol, Wind and Thin Film Solar Waves
Long-term trend remains positive, even in face of second sequential quarter decline
SAN FRANCISCO, April 9, 2008 -- The Cleantech Group(TM), founders of the cleantech investment category and providers of leading global market research, released today 1Q08 results for cleantech investments in North America, Europe and Israel totaling $1.25 billion, up 42 percent from the same period a year ago.
1Q08 represents the second consecutive quarterly decline since the record third quarter of 2007, yet is an all-time record for a first quarter period in the cleantech category, and also the first time a first quarter has exceeded the $1 billion mark.
Cleantech Group recorded 79 transactions in 1Q08, averaging $15.8 million per round, up 53 percent from the $10.3 million average a year ago. The increase represents the 4th consecutive quarter of double-digit growth on a year-over-year basis. On a sequential basis, the $1.25 billion invested in 1Q08 was down 20 percent from what was a very strong 4Q07, reflecting possible seasonality in the sector.
"While the long-term investment trend shows continued expansion of the category as a whole, we are seeing contraction in what had been the market-leading sectors of first generation biofuels and second generation solar," said John Balbach, Managing Partner, Cleantech Group. "This healthy minor correction indicates exuberance is giving way to tempered optimism."
Cleantech Group's data suggests two high profile investment waves have peaked:
-- ETHANOL AND WIND (2005-2006): Powered by investments in US ethanol and European wind energy companies, the wave peaked in 3Q06 at $1.52 billion and has steadily declined since.
-- THIN FILM SOLAR (2007): Driven by investments in US and European thin-film solar companies, this wave peaked in 3Q07 at $1.83 billion invested, and has since contracted for two consecutive quarters, to $1.56 billion 4Q07 and $1.25 billion in 1Q08. Thin-film technologies accounted for approximately two-thirds of investments in solar, while crystalline technologies accounted for one-third.
Top Five Global Venture Investors (by number of participations):
Company Deals Amount $(mil)
Khosla Ventures 9 deals, including 3 undisclosed deals 205 New Enterprise Associates 4 deals, total of the rounds 84.4 Kleiner Perkins Caufield 4 deals, including 1 & Byers undisclosed deal 80 Element Partners 4 deals, total of the rounds 68.9 Israel Cleantech Ventures 4 deals, total of the rounds 16.6 Source: Cleantech Group, LLC (TM)
North America
In North America, $873 million was invested in 50 companies. North American cleantech investing increased by 35 percent year-over-year, up from 20 percent growth between 1Q07 and 1Q06. Investment in 1Q08 was lower than the record-breaking 3Q07 and 4Q07, while average deal size has continued to increase for six straight quarters.
Top Five North American Investments (by round size)
Company State Type Amount $(mil)
Range Fuels Colorado Thermochemical cellulosic ethanol $100 Luminus Massachusetts Solid state lighting $72 Infinia Washington Stirling engines $50 Suniva Georgia Crystalline silicon solar cell production $50 Boston Power Massachusetts Li-ion batteries $45 Source: Cleantech Group, LLC (TM)
Top Five North American Sectors
Sector Category Amount $(mil) Number of Deals
Biofuels Energy Generation $195 5 Solar Energy Generation $119 8 LED lighting Energy Efficiency $100 5 Materials Materials $96 3 Li-ion Batteries Energy Storage $58 3 Source: Cleantech Group, LLC (TM)
Energy-related cleantech (energy generation, storage, efficiency and infrastructure) in North America received $678 million, 77.6 percent of the investment total, across 37 companies. Energy has represented at least two-thirds the number of North American cleantech deals for the last eight quarters.
Top Five North American Regions
Region Category Amount $(mil) Number of Companies West Coast (CA) $282 30 Northeast (MA,PA,VT, DC) $223 15 Rockies/Plains (CO) $113 3 Southeast (GA,VA,FL) $9 4 Northwest (WA) $67M 2 Source: Cleantech Group, LLC (TM)
Both Silicon Valley and Canada exhibited seasonal dips, with relatively low $116 million and $43 million invested respectively. California accounted for 32.3 percent of total investments, compared to the previous six quarters of at least 40 percent. The Boston tech cluster hit a high mark of $165 million invested.
Europe & Israel
European and Israeli cleantech companies received USD $377 million in 29 transactions. The quarter was up 63.8 percent year-over-year, a record first quarter, and up 4 percent quarter-over-quarter. The top five investments accounted for 75 percent of the total, including three solar companies in Israel and Germany, one wave energy company in the UK, and one materials company in Sweden. Excluding Israel, European cleantech companies raised $245 million, representing a lowered 7 percent growth versus a year ago.
Western Europe, including the UK, was tracked at $217 million invested in 18 transactions. Israel had a breakout quarter with $132 million across nine companies, the highest ever for the country, driven mainly by a $105 million investment in solar thermal concentrator company Solel Solar Systems. This is a 75 percent increase from the previous quarter. Energy Generation continues to dominate European cleantech investing, accounting for 80 percent of the $377 million total, and up 75 percent from 4Q07.
M&A and IPOs
Cleantech M&A amounted to 47 transactions completed in 1Q08, up from 39 in 1Q07, but less activity versus the previous three quarters. Airtricity was the top acquisition, valuing the wind farm company at approximately $2.1B. Over half of M&As were in energy generation. Cleantech IPOs hit an all-time low with four recorded, the largest being Shenzhen Topray Solar listing on the Shenzhen Stock Exchange generating $60M.
Cleantech Index (CTIUS) Performed Well Despite Current Economic Conditions
The Cleantech Index (CTIUS), composed of 46 companies with a combined market capitalization of approximately $340 billion, was not immune from downward pressures on public equities. Despite sliding 13.6 percent in 1Q08, CTIUS outperformed the NASDAQ Composite Index (down 14.1 percent) and outperformed nearly all the alternative energy indices, which fell in the 18-30 percent range. The S&P 500 was down 9.9 percent and the Russell 2000 Index fell 10.2 percent.
About Cleantech Group, LLC
The Cleantech Group, LLC provides insight, opportunities and builds relationships that catalyze and accelerate market adoption and commercialization of clean technologies globally. The Cleantech Group founded the cleantech investment category and through its membership services brings together investors, executives, thought leaders, policy makers, and entrepreneurs to facilitate the growth of cleantech globally. Visit http://www.cleantech.com.
Source: The Cleantech Group,
Long-term trend remains positive, even in face of second sequential quarter decline
SAN FRANCISCO, April 9, 2008 -- The Cleantech Group(TM), founders of the cleantech investment category and providers of leading global market research, released today 1Q08 results for cleantech investments in North America, Europe and Israel totaling $1.25 billion, up 42 percent from the same period a year ago.
1Q08 represents the second consecutive quarterly decline since the record third quarter of 2007, yet is an all-time record for a first quarter period in the cleantech category, and also the first time a first quarter has exceeded the $1 billion mark.
Cleantech Group recorded 79 transactions in 1Q08, averaging $15.8 million per round, up 53 percent from the $10.3 million average a year ago. The increase represents the 4th consecutive quarter of double-digit growth on a year-over-year basis. On a sequential basis, the $1.25 billion invested in 1Q08 was down 20 percent from what was a very strong 4Q07, reflecting possible seasonality in the sector.
"While the long-term investment trend shows continued expansion of the category as a whole, we are seeing contraction in what had been the market-leading sectors of first generation biofuels and second generation solar," said John Balbach, Managing Partner, Cleantech Group. "This healthy minor correction indicates exuberance is giving way to tempered optimism."
Cleantech Group's data suggests two high profile investment waves have peaked:
-- ETHANOL AND WIND (2005-2006): Powered by investments in US ethanol and European wind energy companies, the wave peaked in 3Q06 at $1.52 billion and has steadily declined since.
-- THIN FILM SOLAR (2007): Driven by investments in US and European thin-film solar companies, this wave peaked in 3Q07 at $1.83 billion invested, and has since contracted for two consecutive quarters, to $1.56 billion 4Q07 and $1.25 billion in 1Q08. Thin-film technologies accounted for approximately two-thirds of investments in solar, while crystalline technologies accounted for one-third.
Top Five Global Venture Investors (by number of participations):
Company Deals Amount $(mil)
Khosla Ventures 9 deals, including 3 undisclosed deals 205 New Enterprise Associates 4 deals, total of the rounds 84.4 Kleiner Perkins Caufield 4 deals, including 1 & Byers undisclosed deal 80 Element Partners 4 deals, total of the rounds 68.9 Israel Cleantech Ventures 4 deals, total of the rounds 16.6 Source: Cleantech Group, LLC (TM)
North America
In North America, $873 million was invested in 50 companies. North American cleantech investing increased by 35 percent year-over-year, up from 20 percent growth between 1Q07 and 1Q06. Investment in 1Q08 was lower than the record-breaking 3Q07 and 4Q07, while average deal size has continued to increase for six straight quarters.
Top Five North American Investments (by round size)
Company State Type Amount $(mil)
Range Fuels Colorado Thermochemical cellulosic ethanol $100 Luminus Massachusetts Solid state lighting $72 Infinia Washington Stirling engines $50 Suniva Georgia Crystalline silicon solar cell production $50 Boston Power Massachusetts Li-ion batteries $45 Source: Cleantech Group, LLC (TM)
Top Five North American Sectors
Sector Category Amount $(mil) Number of Deals
Biofuels Energy Generation $195 5 Solar Energy Generation $119 8 LED lighting Energy Efficiency $100 5 Materials Materials $96 3 Li-ion Batteries Energy Storage $58 3 Source: Cleantech Group, LLC (TM)
Energy-related cleantech (energy generation, storage, efficiency and infrastructure) in North America received $678 million, 77.6 percent of the investment total, across 37 companies. Energy has represented at least two-thirds the number of North American cleantech deals for the last eight quarters.
Top Five North American Regions
Region Category Amount $(mil) Number of Companies West Coast (CA) $282 30 Northeast (MA,PA,VT, DC) $223 15 Rockies/Plains (CO) $113 3 Southeast (GA,VA,FL) $9 4 Northwest (WA) $67M 2 Source: Cleantech Group, LLC (TM)
Both Silicon Valley and Canada exhibited seasonal dips, with relatively low $116 million and $43 million invested respectively. California accounted for 32.3 percent of total investments, compared to the previous six quarters of at least 40 percent. The Boston tech cluster hit a high mark of $165 million invested.
Europe & Israel
European and Israeli cleantech companies received USD $377 million in 29 transactions. The quarter was up 63.8 percent year-over-year, a record first quarter, and up 4 percent quarter-over-quarter. The top five investments accounted for 75 percent of the total, including three solar companies in Israel and Germany, one wave energy company in the UK, and one materials company in Sweden. Excluding Israel, European cleantech companies raised $245 million, representing a lowered 7 percent growth versus a year ago.
Western Europe, including the UK, was tracked at $217 million invested in 18 transactions. Israel had a breakout quarter with $132 million across nine companies, the highest ever for the country, driven mainly by a $105 million investment in solar thermal concentrator company Solel Solar Systems. This is a 75 percent increase from the previous quarter. Energy Generation continues to dominate European cleantech investing, accounting for 80 percent of the $377 million total, and up 75 percent from 4Q07.
M&A and IPOs
Cleantech M&A amounted to 47 transactions completed in 1Q08, up from 39 in 1Q07, but less activity versus the previous three quarters. Airtricity was the top acquisition, valuing the wind farm company at approximately $2.1B. Over half of M&As were in energy generation. Cleantech IPOs hit an all-time low with four recorded, the largest being Shenzhen Topray Solar listing on the Shenzhen Stock Exchange generating $60M.
Cleantech Index (CTIUS) Performed Well Despite Current Economic Conditions
The Cleantech Index (CTIUS), composed of 46 companies with a combined market capitalization of approximately $340 billion, was not immune from downward pressures on public equities. Despite sliding 13.6 percent in 1Q08, CTIUS outperformed the NASDAQ Composite Index (down 14.1 percent) and outperformed nearly all the alternative energy indices, which fell in the 18-30 percent range. The S&P 500 was down 9.9 percent and the Russell 2000 Index fell 10.2 percent.
About Cleantech Group, LLC
The Cleantech Group, LLC provides insight, opportunities and builds relationships that catalyze and accelerate market adoption and commercialization of clean technologies globally. The Cleantech Group founded the cleantech investment category and through its membership services brings together investors, executives, thought leaders, policy makers, and entrepreneurs to facilitate the growth of cleantech globally. Visit http://www.cleantech.com.
Source: The Cleantech Group,
Tuesday, April 08, 2008
Clear Skies Solar Signs LOA for $20 Million Solar Energy Deal in India
Clear Skies Solar Signs LOA for $20 Million Solar Energy Deal in India
Five Megawatt Solar Power Facility Marks Company's Entrance to International Market
NEW YORK & INDIA - Clear Skies Solar, Inc. (OTCBB: CSKH) today announced a $20 million agreement, subject to financing, with Power Cube, a company located in Utter Pradesh, India to develop and construct the first of several solar energy projects in India.
In this project, which is Clear Skies Solar’s first step into the international arena, the company will design and construct a multi-megawatt solar power system that will supply power to a steel mill and support the community’s energy grid system, providing much-needed energy on this particular line.
“We recognize that the continued use of fossil fuels negatively impacts both the economy and the environment,” said Power Cube Chairman Mohan Kejriwal. “As such, Power Cube is determined to meet a portion of India’s energy requirements by developing several large solar photovoltaic projects (PV Projects) which will generate electricity from sunlight.”
“India represents the first of many untapped markets that Clear Skies Solar plans to enter in 2008 and 2009,” said Ezra Green, Chairman and CEO of Clear Skies Solar. “Recognizing the role that solar power will play in the global search for cleaner and more abundant energy sources, Clear Skies Solar has built the infrastructure necessary to support this type of international expansion and to develop large-scale projects at an accelerated pace in order to support global power needs.”
“While international projects pose special challenges for solar energy providers, such as identifying proper high voltage lines and the ownership of the property for the system to be installed,” added Green. “Our unique ability to overcome such challenges makes Clear Skies Solar the natural choice for clients with challenging power needs.”
“Clear Skies Solar has shown that it has the ability and innovative construction techniques to execute this contract, and we look forward to this project beginning in October of 2008,” added Kejriwal. “It is the goal of both parties to complete the construction of the five megawatt PV Project and for it to be operational before March of 2009.”
Clear Skies Solar will provide the technology, engineering and construction services needed to create the PV Project and will also be prepared to provide the operation and maintenance services needed.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
Clear Skies Holdings, Inc. is a featured Company on Investorideas.com Green portals.
For full details, click here: http://www.renewableenergystocks.com/CO/CSG/Default.asp
Contact:
Avalanche Strategic Communications
Media Inquiries:
Laura Finlayson, 201-488-0049
laura@avalanchepr.com
or
PR Financial Marketing
Investor Relations:
Jim Blackman, 713-256-0369
jim@prfmonline.com
Source: Clear Skies Holdings, Inc
Five Megawatt Solar Power Facility Marks Company's Entrance to International Market
NEW YORK & INDIA - Clear Skies Solar, Inc. (OTCBB: CSKH) today announced a $20 million agreement, subject to financing, with Power Cube, a company located in Utter Pradesh, India to develop and construct the first of several solar energy projects in India.
In this project, which is Clear Skies Solar’s first step into the international arena, the company will design and construct a multi-megawatt solar power system that will supply power to a steel mill and support the community’s energy grid system, providing much-needed energy on this particular line.
“We recognize that the continued use of fossil fuels negatively impacts both the economy and the environment,” said Power Cube Chairman Mohan Kejriwal. “As such, Power Cube is determined to meet a portion of India’s energy requirements by developing several large solar photovoltaic projects (PV Projects) which will generate electricity from sunlight.”
“India represents the first of many untapped markets that Clear Skies Solar plans to enter in 2008 and 2009,” said Ezra Green, Chairman and CEO of Clear Skies Solar. “Recognizing the role that solar power will play in the global search for cleaner and more abundant energy sources, Clear Skies Solar has built the infrastructure necessary to support this type of international expansion and to develop large-scale projects at an accelerated pace in order to support global power needs.”
“While international projects pose special challenges for solar energy providers, such as identifying proper high voltage lines and the ownership of the property for the system to be installed,” added Green. “Our unique ability to overcome such challenges makes Clear Skies Solar the natural choice for clients with challenging power needs.”
“Clear Skies Solar has shown that it has the ability and innovative construction techniques to execute this contract, and we look forward to this project beginning in October of 2008,” added Kejriwal. “It is the goal of both parties to complete the construction of the five megawatt PV Project and for it to be operational before March of 2009.”
Clear Skies Solar will provide the technology, engineering and construction services needed to create the PV Project and will also be prepared to provide the operation and maintenance services needed.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
Clear Skies Holdings, Inc. is a featured Company on Investorideas.com Green portals.
For full details, click here: http://www.renewableenergystocks.com/CO/CSG/Default.asp
Contact:
Avalanche Strategic Communications
Media Inquiries:
Laura Finlayson, 201-488-0049
laura@avalanchepr.com
or
PR Financial Marketing
Investor Relations:
Jim Blackman, 713-256-0369
jim@prfmonline.com
Source: Clear Skies Holdings, Inc
Monday, April 07, 2008
Biofuel Market Benefits from China's Multi-pronged Efforts toward the Development of Renewable Energy
Biofuel Market Benefits from China's Multi-pronged Efforts toward the Development of Renewable Energy
April 7 2008 Research and Markets (http://www.researchandmarkets.com/reports/c87786) has announced the addition of "Strategic Analysis of the Chinese Biofuel Market" to their offering. The rapidly developing Chinese biofuel market is expected to gain momentum with the Chinese Government's move to assign top priority to renewable energy. Challenges thrown up by agricultural, energy, and environmental considerations have stimulated increasing interest in renewable energy sources, primarily biofuel. Although the market is still in the embryonic stage, the potential it offers is enormous. Since 2001, China has been actively propagating the utilization of environmental-friendly energies. Since biofuel is a low-pollution fuel compared to mineral petroleum or diesel, it has proved to be the best option among these new energies. The Renewable Energy Act, 2006 defines the scope of biofuel and acknowledges its strategic position in China's economic growth. The Government has introduced a special fund for the development of renewable energy. Producing far less pollution than mineral petroleum or diesel, biofuel also helps to bolster China's strategies to promote an inherently cleaner economy.
Since the 1990s, China has been witnessing increased growth in energy consumption. Domestic sources are unable to cope with the rising demands from the industry and transportation sectors, consequently forcing China to depend heavily on imported petroleum. To implement its long-term development plans to boost biofuel production, the Government offers tax exemption and financial subsidies for rural residents engaged in the cultivation of biofuel energy crops. By promoting the cultivation of energy crops and providing working opportunities in the biofuel industry, China is helping the development of the rural economy. The Government is also following a policy of protectionism and creating an advantageous market environment for domestic manufacturers. "At present, most biofuel manufacturers are domestic participants," notes the analyst of this research service. "In fact, all four bioethanol factories are large-sized state-owned enterprises."
Increased Production of Crop-based Energy Alternatives and Tighter Legislation to Boost Biofuel Market Initiatives
The shortage of feedstock, especially in the wake of the increased demand for biofuels, is a major constraint to the development of the bioethanol as well as the biodiesel segments. As biofuel feedstock cultivation is still in the development stages, large-scale supply is lacking at this juncture. "Whether the feedstock supply can satisfy the need of the biofuel industry is determined by the land availability for energy crop and the security status of food in China," says the analyst. According to the Biomass Industry Development Plan, arable land was not allowed to be used for the cultivation of non-food crop; instead, feedstock cultivators could only use wasteland, alkaline, or saline land. The National Development and Reform Commission has outlined a detailed plan of action for the bioethanol industry, wherein the production of bioethanol is expected to reach 200,000 tons by 2010. China has also commissioned four pilot projects dedicated to the production of bioethanol to augment its efforts to step up production.
A series of guidelines, plans, and strategies were undertaken to invigorate the production of biomass energy since 2005. To ensure the steady development of the domestic biodiesel industry, China is likely to continue having a stern regulatory control on the biodiesel industry from 2007 to 2010, while the more advanced bioethanol segment already has regulations governing it," says the analyst. This stringent national control over the bioethanol industry has dissuaded foreign investment." However, investors could gain favourable policy outcomes and government support by liaising extensively with government branches. They also need to conform to the Chinese regulatory environment and establish alliances with local manufacturers instead of setting up wholly funded branches.
This Frost & Sullivan research service titled Strategic Analysis of the Chinese Biofuel Market provides an overview of the Chinese biofuel market size and structure as a whole, along with the complete analysis of key market drivers, restraints, and trends that are impacting the market growth of key engineering plastics. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: biodiesel and bioethanol.
Key Topics:
- Executive Summary
- Strategic Analysis of the Total Biofuel Market in China
- Strategic Analysis of the Chinese Biodiesel Market
- Strategic Analysis of the Chinese Bioethanol Market
- Regulatory and Legislatory Analysis
- Appendix
For more information visit http://www.researchandmarkets.com/reports/c87786
Contact:
Research and MarketsLaura WoodSenior ManagerFax: +353 1 4100 980press@researchandmarkets.com
April 7 2008 Research and Markets (http://www.researchandmarkets.com/reports/c87786) has announced the addition of "Strategic Analysis of the Chinese Biofuel Market" to their offering. The rapidly developing Chinese biofuel market is expected to gain momentum with the Chinese Government's move to assign top priority to renewable energy. Challenges thrown up by agricultural, energy, and environmental considerations have stimulated increasing interest in renewable energy sources, primarily biofuel. Although the market is still in the embryonic stage, the potential it offers is enormous. Since 2001, China has been actively propagating the utilization of environmental-friendly energies. Since biofuel is a low-pollution fuel compared to mineral petroleum or diesel, it has proved to be the best option among these new energies. The Renewable Energy Act, 2006 defines the scope of biofuel and acknowledges its strategic position in China's economic growth. The Government has introduced a special fund for the development of renewable energy. Producing far less pollution than mineral petroleum or diesel, biofuel also helps to bolster China's strategies to promote an inherently cleaner economy.
Since the 1990s, China has been witnessing increased growth in energy consumption. Domestic sources are unable to cope with the rising demands from the industry and transportation sectors, consequently forcing China to depend heavily on imported petroleum. To implement its long-term development plans to boost biofuel production, the Government offers tax exemption and financial subsidies for rural residents engaged in the cultivation of biofuel energy crops. By promoting the cultivation of energy crops and providing working opportunities in the biofuel industry, China is helping the development of the rural economy. The Government is also following a policy of protectionism and creating an advantageous market environment for domestic manufacturers. "At present, most biofuel manufacturers are domestic participants," notes the analyst of this research service. "In fact, all four bioethanol factories are large-sized state-owned enterprises."
Increased Production of Crop-based Energy Alternatives and Tighter Legislation to Boost Biofuel Market Initiatives
The shortage of feedstock, especially in the wake of the increased demand for biofuels, is a major constraint to the development of the bioethanol as well as the biodiesel segments. As biofuel feedstock cultivation is still in the development stages, large-scale supply is lacking at this juncture. "Whether the feedstock supply can satisfy the need of the biofuel industry is determined by the land availability for energy crop and the security status of food in China," says the analyst. According to the Biomass Industry Development Plan, arable land was not allowed to be used for the cultivation of non-food crop; instead, feedstock cultivators could only use wasteland, alkaline, or saline land. The National Development and Reform Commission has outlined a detailed plan of action for the bioethanol industry, wherein the production of bioethanol is expected to reach 200,000 tons by 2010. China has also commissioned four pilot projects dedicated to the production of bioethanol to augment its efforts to step up production.
A series of guidelines, plans, and strategies were undertaken to invigorate the production of biomass energy since 2005. To ensure the steady development of the domestic biodiesel industry, China is likely to continue having a stern regulatory control on the biodiesel industry from 2007 to 2010, while the more advanced bioethanol segment already has regulations governing it," says the analyst. This stringent national control over the bioethanol industry has dissuaded foreign investment." However, investors could gain favourable policy outcomes and government support by liaising extensively with government branches. They also need to conform to the Chinese regulatory environment and establish alliances with local manufacturers instead of setting up wholly funded branches.
This Frost & Sullivan research service titled Strategic Analysis of the Chinese Biofuel Market provides an overview of the Chinese biofuel market size and structure as a whole, along with the complete analysis of key market drivers, restraints, and trends that are impacting the market growth of key engineering plastics. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: biodiesel and bioethanol.
Key Topics:
- Executive Summary
- Strategic Analysis of the Total Biofuel Market in China
- Strategic Analysis of the Chinese Biodiesel Market
- Strategic Analysis of the Chinese Bioethanol Market
- Regulatory and Legislatory Analysis
- Appendix
For more information visit http://www.researchandmarkets.com/reports/c87786
Contact:
Research and MarketsLaura WoodSenior ManagerFax: +353 1 4100 980press@researchandmarkets.com
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