Spire Initiates “Come to America” Program
Spire Introduces Mark Case, Vice President of Photovoltaic Factory Management, to Lead this Initiative.
BEDFORD, Mass.---Spire Corporation (Nasdaq: SPIR), a global solar company providing turnkey solar factories to manufacture photovoltaic (PV) modules worldwide, today announced that it has initiated its “Come to America” program to assist foreign manufacturers of PV modules to establish manufacturing operations in the United States (U.S.). The U.S. is projected to be the most rapid growing PV market in the world, doubling each year over the next few years with projections of over five gigawatts (GW) through 2011 (Barclays Capital Solar Energy February 2009). To take full advantage of the newly signed economic stimulus bill, foreign manufacturers would need to produce their modules in the U.S.
Spire has been a major supplier of turnkey factories worldwide and has participated in all aspects of the U.S. market, including establishment of manufacturing lines, producing systems, and has conducted U.S. Department of Energy funded research and development programs and has advised the U.S. Congress on solar policy directions for more than 30 years. This experience coupled with ongoing involvement in all sectors of PV in the U.S. makes Spire ideally suited for “bringing companies to America”.
Assembling modules from solar cells in distributed module assembly lines is a cost effective approach to market entry. Shipping costs are reduced and solar cells usually represent the intellectual property part of the module. Manufacturing modules near the market also stimulates local market growth, results in local tax incentives and incentives for job creation. Spire offers turnkey lines for both module and cell production. Spire also provides factory siting, factory management, module certification, cell and other material supply and guidance through the General Services Administration and other U.S. requirements.
Leading this initiative is Mark R. Case who has recently been added to Spire’s senior staff as Vice President of Photovoltaic Factory Management. Mr. Case joined Spire from Flextronics where he was Vice President of the Energy Division within Flextronics’ FLEXIndustrial business segment. His work concentrated on the PV industries.
Mr. Case’s responsibilities at Spire will focus on the “Come to America” program for international suppliers. He will provide factory management services and coordinate after factory support including cell and wafer supply, equipment service and equipment upgrades. Additional responsibilities include deal structures and management contracts.
Roger Little, CEO and Chairman of Spire Corporation, said, “We have waited a long time for the U.S. PV market to develop. Now that it’s ready to take off we’re excited about where we are today and what we can offer new entrants. It has taken us 30 years to have put ourselves in the position of being able to provide the breadth of support that we now have from plant siting to plant management to module manufacturing and qualification to navigation through U.S. laws and requirements.”
About Spire Corporation
Spire Corporation is a global solar company providing turnkey production lines and capital equipment to manufacture photovoltaic cells and modules worldwide. Spire Semiconductor develops and manufactures custom gallium arsenide solar cells and other related products. For corporate or product information, contact Spire Corporation, “The Turnkey Solar Factory Company,” at 781-275-6000, or visit www.spirecorp.com.
Certain matters described in this news release may be forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract research and services, as well as other factors described in the Company's Form 10-K and other periodic reports filed with the Securities and Exchange Commission.
Contacts Spire CorporationRoger G. Little, 781-275-6000Chairman & CEO
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Thursday, February 19, 2009
Global Chinese Financial Forum to Feature Mantra Venture Group's (OTCBB: MVTG,)electro-reduction of carbon Technology
Global Chinese Financial Forum to Feature Mantra Venture Group's electro-reduction of carbon Technology
SEATTLE, WA, Feb. 19 - Mantra Venture Group Ltd. (OTCBB: MVTG, FSE: 5MV) is scheduled to continue positioning itself at the forefront of pioneering sustainability initiatives through its attendance at the 10th Annual Vancouver Conference 2009 held by the Global Chinese Financial Forum (GCFF). The forum, to be held on February 22nd in Vancouver, Canada, will host over 25 leading sustainability industry participants and over 900 Chinese-speaking attendees who represent the fastest growing investing community in North America. Also in attendance will be financial service providers, public and private companies, and various financial professionals, making the Vancouver Conference 2009 a great networking opportunity.
Joey Jung, Research Engineer with Kemetco Research Inc., will be representing Mantra and its electro-reduction of carbon (ERC) Technology as a keynote speaker for the event. In addition, Larry Kristof, President and CEO of Mantra, will be on-site to meet with potential investors and to further explain the merits of Mantra's ERC technology.
Mr. Kristof notes: "Mantra has experienced accelerated development and an unprecedented amount of interest in our ERC technology during the last quarter.. This has been a very exciting time for our team, and we look forward to sharing this opportunity with the investing community at the upcoming GCFF conference. Given the many challenges faced by global financial markets today, reputable investor forums such as GCFF are vital in building investor confidence and in providing strategic insight on how to thrive during such turbulent economic times."
"Mantra has a proven chemical process which is a part of the solution to one of the large environmental problems plaguing our planet: carbon dioxide," commented John Russell, head of Mantra's Scientific Advisory Board. "We understand that in order for sustainability to be attractive to companies, it needs to be commercially useful. ERC is. It really could be a breakthrough in the way our planet handles its carbon dioxide pollution."
Mantra was also featured in a number of different publications including IndustryWeek.com, CleanTechBrief.com and the industry magazine Metal Producing and Processing. All of Mantra's recent media coverage can be found on Mantra's website at www.mantraenergy.com
About the Global Chinese Financial Forum (GCFF)
GCFF is the largest series of bilingual (Chinese/ English) financial functions in North America. GCFF fosters the development of North American and Asian financial industry by creating opportunities for companies, financial institutions, and investors all under one roof to physically meet and to truly benefit from each other. Since 2000, GCFF has grown from a one-day seminar to a series with two-day conferences, seminars, and road shows.
GCFF will be hosting the 10th annual Vancouver Conference 2009 on Sunday, February 22, 2009 at the Hilton (Metrotown) Hotel from 9:30 am - 4:30 pm. To learn more about the Forum, or to pre-register for the event, visit the GCFF website: http://gcff.chineseworldnet.com/front.asp.
About ERC:
The ERC process, defined as the Electrochemical Reduction of Carbon Dioxide, combines captured carbon dioxide with water to produce high value materials, such as formic acid and formate salts, which are conventionally obtained from the thermochemical processing of Fossil Fuels. However, ERC has an advantage over the established thermochemical methods for converting carbon dioxide to liquid fuels.
While thermochemical reactions must be driven at relatively high temperatures that are normally obtained by burning fossil fuels, ERC operates at near ambient conditions and is driven by electric energy that can be taken from an electric power grid supplied by hydro, wind, solar or nuclear energy.
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and environmentally responsible investment for its shareholders.
Mantra's recent developments have resulted in many governments and leading industrial companies taking an interest in ERC. Mantra is currently in discussions regarding various grants and other support initiatives offered by international governments, as well as possible pilot projects with large industrial companies.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV.
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.
For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp
Investor Relations
Terry Johnston
604-267-3022
tjohnston@mantraenergy.com
www.mantraenergy.com
Source: Mantra Venture Group Ltd.
News & Stories Published at Clean Energy Stocks Blog
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SEATTLE, WA, Feb. 19 - Mantra Venture Group Ltd. (OTCBB: MVTG, FSE: 5MV) is scheduled to continue positioning itself at the forefront of pioneering sustainability initiatives through its attendance at the 10th Annual Vancouver Conference 2009 held by the Global Chinese Financial Forum (GCFF). The forum, to be held on February 22nd in Vancouver, Canada, will host over 25 leading sustainability industry participants and over 900 Chinese-speaking attendees who represent the fastest growing investing community in North America. Also in attendance will be financial service providers, public and private companies, and various financial professionals, making the Vancouver Conference 2009 a great networking opportunity.
Joey Jung, Research Engineer with Kemetco Research Inc., will be representing Mantra and its electro-reduction of carbon (ERC) Technology as a keynote speaker for the event. In addition, Larry Kristof, President and CEO of Mantra, will be on-site to meet with potential investors and to further explain the merits of Mantra's ERC technology.
Mr. Kristof notes: "Mantra has experienced accelerated development and an unprecedented amount of interest in our ERC technology during the last quarter.. This has been a very exciting time for our team, and we look forward to sharing this opportunity with the investing community at the upcoming GCFF conference. Given the many challenges faced by global financial markets today, reputable investor forums such as GCFF are vital in building investor confidence and in providing strategic insight on how to thrive during such turbulent economic times."
"Mantra has a proven chemical process which is a part of the solution to one of the large environmental problems plaguing our planet: carbon dioxide," commented John Russell, head of Mantra's Scientific Advisory Board. "We understand that in order for sustainability to be attractive to companies, it needs to be commercially useful. ERC is. It really could be a breakthrough in the way our planet handles its carbon dioxide pollution."
Mantra was also featured in a number of different publications including IndustryWeek.com, CleanTechBrief.com and the industry magazine Metal Producing and Processing. All of Mantra's recent media coverage can be found on Mantra's website at www.mantraenergy.com
About the Global Chinese Financial Forum (GCFF)
GCFF is the largest series of bilingual (Chinese/ English) financial functions in North America. GCFF fosters the development of North American and Asian financial industry by creating opportunities for companies, financial institutions, and investors all under one roof to physically meet and to truly benefit from each other. Since 2000, GCFF has grown from a one-day seminar to a series with two-day conferences, seminars, and road shows.
GCFF will be hosting the 10th annual Vancouver Conference 2009 on Sunday, February 22, 2009 at the Hilton (Metrotown) Hotel from 9:30 am - 4:30 pm. To learn more about the Forum, or to pre-register for the event, visit the GCFF website: http://gcff.chineseworldnet.com/front.asp.
About ERC:
The ERC process, defined as the Electrochemical Reduction of Carbon Dioxide, combines captured carbon dioxide with water to produce high value materials, such as formic acid and formate salts, which are conventionally obtained from the thermochemical processing of Fossil Fuels. However, ERC has an advantage over the established thermochemical methods for converting carbon dioxide to liquid fuels.
While thermochemical reactions must be driven at relatively high temperatures that are normally obtained by burning fossil fuels, ERC operates at near ambient conditions and is driven by electric energy that can be taken from an electric power grid supplied by hydro, wind, solar or nuclear energy.
About Mantra:
Mantra, through its group of sustainable energy, carbon reduction and consumer product subsidiaries, is active in the green technology marketplace with an innovative, multi-faceted approach focused on profitability through sustainability. By aggressively seeking out new technologies and innovating solutions for a cleaner earth for everyone, Mantra intends to provide a highly profitable and environmentally responsible investment for its shareholders.
Mantra's recent developments have resulted in many governments and leading industrial companies taking an interest in ERC. Mantra is currently in discussions regarding various grants and other support initiatives offered by international governments, as well as possible pilot projects with large industrial companies.
Mantra is a public company quoted on the OTC BB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV.
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Mantra Venture Group Ltd. is a featured Company on Investorideas.com Green portals, China portal.
For full details, click here: http://www.renewableenergystocks.com/CO/MVTG/Default.asp
Investor Relations
Terry Johnston
604-267-3022
tjohnston@mantraenergy.com
www.mantraenergy.com
Source: Mantra Venture Group Ltd.
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.
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Tuesday, February 17, 2009
Sunseeker Energy Holding AG: Listing on Frankfurt Stock Exchange
Sunseeker Energy Holding AG: Listing on Frankfurt Stock Exchange
Schindellegi, 17. February 2009 - Sunseeker Energy Holding AG last week completed the initial listing and quotation of 667,193,558 shares on the Frankfurt Open Market. The company is a solar energy company committed to developing new generation solar and hybrid power technologies for sustainable energy use throughout the world. The public listing is a milestone in growth and the international commercialisation of its solar technology solutions.
full news -
http://www.ad-hoc-news.de/dgap-news-sunseeker-energy-holding-ag-listing-on-frankfurt--/de/Unternehmensnachrichten/20052266
Sunseeker Energy Holding AG is a Switzerland-based holding company engaged in the development of solar and hybrid power technologies. It offers power conditioning, control and power handling systems. The Company’s flagship product is a solar transducer, which is marketed under the mkIII brand. It also provides non-silicon photovoltaic solar panels. Sunseeker Energy Holding AG has signed a license agreement for manufacturing and sale of its products with enterprises in Indonesia, Thailand, Singapore, Malaysia, Australia and the United Kingdom. http://www.sunseekerenergy.com/
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Schindellegi, 17. February 2009 - Sunseeker Energy Holding AG last week completed the initial listing and quotation of 667,193,558 shares on the Frankfurt Open Market. The company is a solar energy company committed to developing new generation solar and hybrid power technologies for sustainable energy use throughout the world. The public listing is a milestone in growth and the international commercialisation of its solar technology solutions.
full news -
http://www.ad-hoc-news.de/dgap-news-sunseeker-energy-holding-ag-listing-on-frankfurt--/de/Unternehmensnachrichten/20052266
Sunseeker Energy Holding AG is a Switzerland-based holding company engaged in the development of solar and hybrid power technologies. It offers power conditioning, control and power handling systems. The Company’s flagship product is a solar transducer, which is marketed under the mkIII brand. It also provides non-silicon photovoltaic solar panels. Sunseeker Energy Holding AG has signed a license agreement for manufacturing and sale of its products with enterprises in Indonesia, Thailand, Singapore, Malaysia, Australia and the United Kingdom. http://www.sunseekerenergy.com/
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.
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Top Green Financial News Feeds at Investor Ideas: Renewable Energy and GreenTech Business and Stock News, Green IPO Watch & Energy with J. Peter Lynch
Top Green Financial News Feeds at Investor Ideas: Renewable Energy and GreenTech Business and Stock News, Green IPO Watch and Renewable and Solar Energy Perspectives with J. Peter Lynch
POINT ROBERTS, WA –Feb 17, 2009, Investorideas.com, one of the first financial and investing sites to cover renewable energy investing reports on its top green financial news feeds.
The current top green financial news feeds at Investor Ideas include:
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Investors can subscribe to each feed and green and financial sites can add the news RSS feed to their sites as additional investor content.
InvestorIdeas.com currently attracts a growing global investor audience averaging 15,000 unique visitors per day (and growing), made up of investors, brokers, analysts, media, industry peers, institutions and government seeking news and research on over 30 sectors. Additionally, InvestorIdeas.com and its related sector portals are visible on over 25,000 blogs globally.
Public and Private companies can submit news to Investor Ideas and its green investor news feeds. News will be carried on the Investor Ideas Newswire, the Renewable Energy and GreenTech Business and Stock News Feed and up to three green news portals within the Investor Ideas hub.
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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.
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POINT ROBERTS, WA –Feb 17, 2009, Investorideas.com, one of the first financial and investing sites to cover renewable energy investing reports on its top green financial news feeds.
The current top green financial news feeds at Investor Ideas include:
InvestorIdeas.com Newswire: Financial, Business and Industry News- http://www.investorideas.com/RSS/feeds/IIMAIN.xml
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http://www.investorideas.com/RSS/feeds/RES.xml
Green IPO Watch - http://www.investorideas.com/RSS/feeds/GreenIPO.xml
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http://www.investorideas.com/RSS/feeds/PL.xml
Investors can subscribe to each feed and green and financial sites can add the news RSS feed to their sites as additional investor content.
InvestorIdeas.com currently attracts a growing global investor audience averaging 15,000 unique visitors per day (and growing), made up of investors, brokers, analysts, media, industry peers, institutions and government seeking news and research on over 30 sectors. Additionally, InvestorIdeas.com and its related sector portals are visible on over 25,000 blogs globally.
Public and Private companies can submit news to Investor Ideas and its green investor news feeds. News will be carried on the Investor Ideas Newswire, the Renewable Energy and GreenTech Business and Stock News Feed and up to three green news portals within the Investor Ideas hub.
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About Our Green Investor Portals:
http://www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Investorideas.com Members- access to green stock directories and trading trends
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the water stocks directory and renewable energy stocks directory.
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About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations, 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.
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T. Boone Pickens Statement on Signing of Economic Stimulus Plan
T. Boone Pickens Statement on Signing of Economic Stimulus Plan
Stimulus Provides A Start for Energy Investment But More Needs to Be Done to Reduce Nation’s Dependence on Foreign Oil and to Develop Serious Energy Policy
Dallas, TX, February 17, 2009 – T. Boone Pickens offered the following comment today on the progress made on energy policy and investment through President Obama’s signing of the economic stimulus legislation:
“The stimulus has made some important progress through investments in renewable energy, the funding to rebuild our nation’s transmission grid and on conservation. These are certainly an important part of the Pickens Plan. It will create jobs and will move the country in the right direction on our energy policy. But as I have said previously, this is only a start.
“We must continue to focus on reducing our dependence on foreign oil and the only way to do that is using our abundant supply of domestic fuels in transportation. We must tap into the potential of natural gas and until we do that, then we are not close to solving our problem. I will continue my efforts and am focusing the more than 1.4 million members of the Pickens Army to deliver the message on foreign oil to the leadership in Washington, particularly as it moves forward with energy legislation in the coming months.”
About the Pickens Plan
Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Earlier this year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national economic and national security threat. The plan calls for investing in power generation from domestic renewable resources such as wind and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil.
More than 1,400,000 people have joined the Pickens Army through the website www.pickensplan.com , which has had over 14,000,000 hits. For more information on the Pickens Plan please visit our website.
# # #
Contact:
Jay Rosser
214 265 4165
Jay@bpcap.net
Melissa McKay
212 446 1898
press@pickensplan.com
News & Stories Published at Clean Energy Stocks Blog
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Stimulus Provides A Start for Energy Investment But More Needs to Be Done to Reduce Nation’s Dependence on Foreign Oil and to Develop Serious Energy Policy
Dallas, TX, February 17, 2009 – T. Boone Pickens offered the following comment today on the progress made on energy policy and investment through President Obama’s signing of the economic stimulus legislation:
“The stimulus has made some important progress through investments in renewable energy, the funding to rebuild our nation’s transmission grid and on conservation. These are certainly an important part of the Pickens Plan. It will create jobs and will move the country in the right direction on our energy policy. But as I have said previously, this is only a start.
“We must continue to focus on reducing our dependence on foreign oil and the only way to do that is using our abundant supply of domestic fuels in transportation. We must tap into the potential of natural gas and until we do that, then we are not close to solving our problem. I will continue my efforts and am focusing the more than 1.4 million members of the Pickens Army to deliver the message on foreign oil to the leadership in Washington, particularly as it moves forward with energy legislation in the coming months.”
About the Pickens Plan
Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Earlier this year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national economic and national security threat. The plan calls for investing in power generation from domestic renewable resources such as wind and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil.
More than 1,400,000 people have joined the Pickens Army through the website www.pickensplan.com , which has had over 14,000,000 hits. For more information on the Pickens Plan please visit our website.
# # #
Contact:
Jay Rosser
214 265 4165
Jay@bpcap.net
Melissa McKay
212 446 1898
press@pickensplan.com
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.
Member sign-up- http://www.investorideas.com/membership/
Monday, February 16, 2009
WaterFurnace Renewable Energy Is Poised to Contribute to Economic Recovery and Long-Term Energy Goals
WaterFurnace Renewable Energy Is Poised to Contribute to Economic Recovery and Long-Term Energy Goals
Company Proposes Plan to Create Jobs and Save Energy
FORT WAYNE, IN--Feb 16, 2009 -- As President Barack Obama prepares to sign the federal Economic Stimulus Package, WaterFurnace Renewable Energy, Inc. (Toronto:WFI.TO) is poised to contribute to the nation's economic recovery with a plan that will create jobs and save energy.
The stimulus package is intended to create and save 3.6 million jobs and jumpstart the economy with economic recovery tax cuts and targeted investments. In addition to putting money back in the pockets of consumers and businesses, the package also includes provisions that will help achieve long-term goals, such as improving energy efficiency in both the public and private sectors.
Among those provisions, the plan calls for a disbursement of $6.9 billion to state and local governments for energy efficiency upgrades and the reduction of carbon emissions. "This could amount to as much as $100 million in the state of Indiana," said Bruce Ritchey, CEO of Indiana-based WaterFurnace, a leading manufacturer of residential, commercial, industrial and institutional geothermal and water source heat pumps.
"By investing a portion of this $100 million in rebates or low interest loans to homeowners who replace their old fossil fuel or straight electric furnaces with geothermal heat pumps, the country would definitely make progress toward the goals of the stimulus package," Ritchey said. "Indiana and other states in the country that have invested in similar programs were able to create hundreds of 'green collar jobs' while significantly increasing energy efficiency and reducing carbon emissions."
According to Ritchey, a $2,000 rebate on the purchase of a geothermal heat pump -- or the availability of low interest loans -- could generate 200 heat pump sales every month in Indiana, or 2,400 unit sales at the end of the first year. "At the same time, we can create one new job for every 18 heat pump installations. By the end of the first year that means we will have created, potentially, 133 new green collar jobs (2,400 units divided by 18 installations per job). At $2,000 per unit, the total cost of a job creation/energy efficiency rebate program in the state of Indiana would be $4.8 million over the course of a year."
Every geothermal heat pump requires 24 hours of manufacturing labor and 32 hours of installation labor, according to Ritchey. Small businesses involved in the installation include heating and air conditioning contractors, electricians, plumbers, excavators and drilling machine operators. Ritchey says these businesses have the capacity and technical skills to begin installing green geothermal technology in more homes immediately.
In addition to creating jobs, the rebate program and the ensuing installation of geothermal heat pumps would cut an average four metric tons of carbon emissions per year per unit, due to the high energy efficiency of geothermal heat pump technology. "If you multiply those reductions by the average unit life of 24.4 years, that means 97.6 metric tons of emissions could be eliminated over the lifetime of each unit, and 234,240 tons over the lifetime of the 2,400 units sold through the rebate program," said Ritchey.
Looking beyond Indiana to a national rebate program, Ritchey added, "Every state should take at least five percent of the funding available through the energy efficiency portion of the stimulus package and invest it in a geothermal incentive. I can't think of a faster, more cost effective, greener way to put people back to work, save fossil fuel, reduce carbon emissions and save homeowners thousands of dollars per year for the next 24 years. It's the stimulus that keeps on stimulating."
The backdrop for Ritchey's position on use of the stimulus package funding is a U.S. heating and air conditioning industry that has been hit hard by the recession. "The collapse of the residential new construction market and the lack of consumer financing have slammed the industry over the past two years," he said. "Heating system sales were down to levels not seen since 1970."
Ritchey noted that all geothermal heat pumps are built by WaterFurnace and a few other manufacturers in the United States at domestic plants in Indiana, Ohio, Oklahoma, Minnesota, South Dakota, Wisconsin, Texas, Florida and New York. Geothermal systems are operating and saving energy in all 50 states and are being exported around the globe.
WaterFurnace Renewable Energy, Inc.
WaterFurnace Renewable Energy, Inc. is a leading manufacturer of residential, commercial, industrial and institutional geothermal and water source heat pumps. Products from WaterFurnace include energy-efficient and environmentally friendly geothermal comfort systems, indoor air quality products and pool heaters. WaterFurnace (Toronto:WFI.TO - News) was founded in 1983. The company is headquartered in Fort Wayne, Ind.
For additional information, please visit www.waterfurnace.com.
Contact: Editorial Contact: Katie Stafford Godfrey 717-393-3831, ext. 159 kstafford@godfrey.com WaterFurnace Renewable Energy, Inc. 9000 Conservation Way Fort Wayne, IN 46809 260-478-5667 http://www.waterfurnace.com
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Company Proposes Plan to Create Jobs and Save Energy
FORT WAYNE, IN--Feb 16, 2009 -- As President Barack Obama prepares to sign the federal Economic Stimulus Package, WaterFurnace Renewable Energy, Inc. (Toronto:WFI.TO) is poised to contribute to the nation's economic recovery with a plan that will create jobs and save energy.
The stimulus package is intended to create and save 3.6 million jobs and jumpstart the economy with economic recovery tax cuts and targeted investments. In addition to putting money back in the pockets of consumers and businesses, the package also includes provisions that will help achieve long-term goals, such as improving energy efficiency in both the public and private sectors.
Among those provisions, the plan calls for a disbursement of $6.9 billion to state and local governments for energy efficiency upgrades and the reduction of carbon emissions. "This could amount to as much as $100 million in the state of Indiana," said Bruce Ritchey, CEO of Indiana-based WaterFurnace, a leading manufacturer of residential, commercial, industrial and institutional geothermal and water source heat pumps.
"By investing a portion of this $100 million in rebates or low interest loans to homeowners who replace their old fossil fuel or straight electric furnaces with geothermal heat pumps, the country would definitely make progress toward the goals of the stimulus package," Ritchey said. "Indiana and other states in the country that have invested in similar programs were able to create hundreds of 'green collar jobs' while significantly increasing energy efficiency and reducing carbon emissions."
According to Ritchey, a $2,000 rebate on the purchase of a geothermal heat pump -- or the availability of low interest loans -- could generate 200 heat pump sales every month in Indiana, or 2,400 unit sales at the end of the first year. "At the same time, we can create one new job for every 18 heat pump installations. By the end of the first year that means we will have created, potentially, 133 new green collar jobs (2,400 units divided by 18 installations per job). At $2,000 per unit, the total cost of a job creation/energy efficiency rebate program in the state of Indiana would be $4.8 million over the course of a year."
Every geothermal heat pump requires 24 hours of manufacturing labor and 32 hours of installation labor, according to Ritchey. Small businesses involved in the installation include heating and air conditioning contractors, electricians, plumbers, excavators and drilling machine operators. Ritchey says these businesses have the capacity and technical skills to begin installing green geothermal technology in more homes immediately.
In addition to creating jobs, the rebate program and the ensuing installation of geothermal heat pumps would cut an average four metric tons of carbon emissions per year per unit, due to the high energy efficiency of geothermal heat pump technology. "If you multiply those reductions by the average unit life of 24.4 years, that means 97.6 metric tons of emissions could be eliminated over the lifetime of each unit, and 234,240 tons over the lifetime of the 2,400 units sold through the rebate program," said Ritchey.
Looking beyond Indiana to a national rebate program, Ritchey added, "Every state should take at least five percent of the funding available through the energy efficiency portion of the stimulus package and invest it in a geothermal incentive. I can't think of a faster, more cost effective, greener way to put people back to work, save fossil fuel, reduce carbon emissions and save homeowners thousands of dollars per year for the next 24 years. It's the stimulus that keeps on stimulating."
The backdrop for Ritchey's position on use of the stimulus package funding is a U.S. heating and air conditioning industry that has been hit hard by the recession. "The collapse of the residential new construction market and the lack of consumer financing have slammed the industry over the past two years," he said. "Heating system sales were down to levels not seen since 1970."
Ritchey noted that all geothermal heat pumps are built by WaterFurnace and a few other manufacturers in the United States at domestic plants in Indiana, Ohio, Oklahoma, Minnesota, South Dakota, Wisconsin, Texas, Florida and New York. Geothermal systems are operating and saving energy in all 50 states and are being exported around the globe.
WaterFurnace Renewable Energy, Inc.
WaterFurnace Renewable Energy, Inc. is a leading manufacturer of residential, commercial, industrial and institutional geothermal and water source heat pumps. Products from WaterFurnace include energy-efficient and environmentally friendly geothermal comfort systems, indoor air quality products and pool heaters. WaterFurnace (Toronto:WFI.TO - News) was founded in 1983. The company is headquartered in Fort Wayne, Ind.
For additional information, please visit www.waterfurnace.com.
Contact: Editorial Contact: Katie Stafford Godfrey 717-393-3831, ext. 159 kstafford@godfrey.com WaterFurnace Renewable Energy, Inc. 9000 Conservation Way Fort Wayne, IN 46809 260-478-5667 http://www.waterfurnace.com
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the renewable energy and water stock directories.
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Saturday, February 14, 2009
Market and Solar Stocks Outlook for 2009
Market and Solar Outlook for 2009
Feb 14, 2009
Renewable and Solar Energy Perspectives with J. Peter Lynch
http://www.renewableenergystocks.com/PL/
Exclusively for InvestorIdeas.com and Renewableenergystocks.com
One of the most disconcerting things facing investors in 2008 was the “crazy” market and the violent swings BOTH ways that seemed to go on throughout the year. With that in mind I decided to do some research on where 2008 stood in annals of stock market history.
A Little History on the broad Stock Market
As most everyone knows 2008 was certainly one of the worst years in history for the stock market in general. In fact, the Dow Jones was down 31.1% for the year, which ranks as the 6th worst year in history. I always find it informative and interesting look at history to give me a broader perspective when such a significant event occurs.
full article -
http://www.renewableenergystocks.com/PL/news/021509a.asp
Feb 14, 2009
Renewable and Solar Energy Perspectives with J. Peter Lynch
http://www.renewableenergystocks.com/PL/
Exclusively for InvestorIdeas.com and Renewableenergystocks.com
One of the most disconcerting things facing investors in 2008 was the “crazy” market and the violent swings BOTH ways that seemed to go on throughout the year. With that in mind I decided to do some research on where 2008 stood in annals of stock market history.
A Little History on the broad Stock Market
As most everyone knows 2008 was certainly one of the worst years in history for the stock market in general. In fact, the Dow Jones was down 31.1% for the year, which ranks as the 6th worst year in history. I always find it informative and interesting look at history to give me a broader perspective when such a significant event occurs.
full article -
http://www.renewableenergystocks.com/PL/news/021509a.asp
Green IPO Watch at Renewableenergystocks.com; Changing World Technologies IPO Postponed
Green IPO Watch at Renewableenergystocks.com; Changing World Technologies IPO Postponed
POINT ROBERTS, WA and DELTA, BC— Feb 14, 2009 - www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com,
reports the Changing World Technologies IPO of 2, 750,000 shares has been postponed due to market conditions. The stock had been assigned trading symbol ( CWL )on the NYSE Alternext.
About Changing World Technologies:
Changing World Technologies, Inc. sells renewable diesel fuel oil and organic fertilizers which it produces from animal and food processing waste using its proprietary Thermal Conversion Process (“TCP”). TCP can convert a broad range of organic wastes (“feedstock”), including animal and food processing waste, trap and low-value greases, mixed plastics, rubber and foam, into CWT’s products. TCP emulates the earth’s natural geological and geothermal processes that transform organic material into fuels through the application of water, heat and pressure in various stages.
Subscribe to the Green IPO Watch News Feed: http://www.investorideas.com/RSS/feeds/GreenIPO.xml
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News at Investorideas.com
http://www.investorideas.com/RSS/feeds/RES.xml
Publish green business and financial news:
http://www1.investorideas.com/NewsUploader/Default.aspx
About InvestorIdeas.com:
Investor Ideas was one of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors. InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Investing in Renewable Energy Stocks and Water Stocks
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the complete renewable energy stocks and water stocks directory .Learn more: - click here http://www.investorideas.com/membership/
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. Disclosure:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
POINT ROBERTS, WA and DELTA, BC— Feb 14, 2009 - www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com,
reports the Changing World Technologies IPO of 2, 750,000 shares has been postponed due to market conditions. The stock had been assigned trading symbol ( CWL )on the NYSE Alternext.
About Changing World Technologies:
Changing World Technologies, Inc. sells renewable diesel fuel oil and organic fertilizers which it produces from animal and food processing waste using its proprietary Thermal Conversion Process (“TCP”). TCP can convert a broad range of organic wastes (“feedstock”), including animal and food processing waste, trap and low-value greases, mixed plastics, rubber and foam, into CWT’s products. TCP emulates the earth’s natural geological and geothermal processes that transform organic material into fuels through the application of water, heat and pressure in various stages.
Subscribe to the Green IPO Watch News Feed: http://www.investorideas.com/RSS/feeds/GreenIPO.xml
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News at Investorideas.com
http://www.investorideas.com/RSS/feeds/RES.xml
Publish green business and financial news:
http://www1.investorideas.com/NewsUploader/Default.aspx
About InvestorIdeas.com:
Investor Ideas was one of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors. InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Investing in Renewable Energy Stocks and Water Stocks
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the complete renewable energy stocks and water stocks directory .Learn more: - click here http://www.investorideas.com/membership/
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. Disclosure:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Thursday, February 12, 2009
Clearview Acquisitions Closes Merger with Helix Wind, Inc.
Clearview Acquisitions Closes Merger with Helix Wind, Inc.
NEW YORK-Clearview Acquisitions, Inc. (OTCBB:CVAC) announced today that it has completed its previously-disclosed acquisition of Helix Wind Inc. As previously reported in the January 29, 2009 press release, Helix Wind is engaged in the manufacture and sale of small wind turbines designed to generate 2.5 to 5 KW of clean, renewable electricity.
Clearview acquired 100% of Helix Wind in consideration of approximately 20.5 million shares of common stock. As a condition to the closing, Clearview had issued $650,000 of 9% Convertible Notes and warrants. The convertible notes issued by Helix Wind in the aggregate principal amount of $1.9 million were exchanged for the 9% Convertible Notes issued by Helix Wind. Clearview will change its public name to Helix Wind, Incorporated as soon as possible. The company is currently quoted in the United States over the counter under the symbol CVAC and on the Frankfurt Stock exchange under the symbol VUU1 (WKN A0RCNZ).
Helix Wind’s products help provide energy independence. As a resource that never runs out, wind is an abundant, renewable, emissions-free energy source that can be utilized on both large and small scales. At the soul of Helix Wind lies the belief that energy self-sufficiency is a responsible and proactive goal that addresses the ever-increasing consequences of legacy energy supply systems.
“We’re excited to close the transaction with Clearview Acquisitions,” noted Helix Wind Chairman & President Scott Weinbrandt. “This is the first phase in our comprehensive business plan, which includes an initial capital round. From here we are looking forward to executing phase two of our plan including but not limited to a capital raise of up to $3.5 million. These funds will allow our shareholders to realize Helix Wind’s full value by enhancing our product portfolio, manufacturing process and channel partners.”
About Clearview: Clearview Acquisitions was established to acquire and develop quality projects in the United States and abroad. The focus of the company is to seek out and selectively acquire companies for public markets.
About Helix Wind: Helix Wind Inc. is a global renewable energy company with a focus on small wind turbines designed for residential, suburban and urban use. Additional information can be found at http://www.helixwind.com.
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to attract and retain management and field personnel with experience in the small wind turbine industry, our ability to raise capital when needed and on acceptable terms and conditions, the intensity of competition and general economic factors. The actual results Clearview may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Clearview encourages the public to read the information provided here in conjunction with its most recent filings, which may be viewed at www.sec.gov.
Contacts
Helix WindScott WeinbrandtChairman and PresidentToll Free: 877-2GOHELIX (246-4354)Int: +01-1-619-501-3932Fax: 619-330-2628IR@helixwind.comorClearview Acquisitions646-673-8427info@clearviewacq.com
News & Stories Published at Clean Energy Stocks Blog
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NEW YORK-Clearview Acquisitions, Inc. (OTCBB:CVAC) announced today that it has completed its previously-disclosed acquisition of Helix Wind Inc. As previously reported in the January 29, 2009 press release, Helix Wind is engaged in the manufacture and sale of small wind turbines designed to generate 2.5 to 5 KW of clean, renewable electricity.
Clearview acquired 100% of Helix Wind in consideration of approximately 20.5 million shares of common stock. As a condition to the closing, Clearview had issued $650,000 of 9% Convertible Notes and warrants. The convertible notes issued by Helix Wind in the aggregate principal amount of $1.9 million were exchanged for the 9% Convertible Notes issued by Helix Wind. Clearview will change its public name to Helix Wind, Incorporated as soon as possible. The company is currently quoted in the United States over the counter under the symbol CVAC and on the Frankfurt Stock exchange under the symbol VUU1 (WKN A0RCNZ).
Helix Wind’s products help provide energy independence. As a resource that never runs out, wind is an abundant, renewable, emissions-free energy source that can be utilized on both large and small scales. At the soul of Helix Wind lies the belief that energy self-sufficiency is a responsible and proactive goal that addresses the ever-increasing consequences of legacy energy supply systems.
“We’re excited to close the transaction with Clearview Acquisitions,” noted Helix Wind Chairman & President Scott Weinbrandt. “This is the first phase in our comprehensive business plan, which includes an initial capital round. From here we are looking forward to executing phase two of our plan including but not limited to a capital raise of up to $3.5 million. These funds will allow our shareholders to realize Helix Wind’s full value by enhancing our product portfolio, manufacturing process and channel partners.”
About Clearview: Clearview Acquisitions was established to acquire and develop quality projects in the United States and abroad. The focus of the company is to seek out and selectively acquire companies for public markets.
About Helix Wind: Helix Wind Inc. is a global renewable energy company with a focus on small wind turbines designed for residential, suburban and urban use. Additional information can be found at http://www.helixwind.com.
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to attract and retain management and field personnel with experience in the small wind turbine industry, our ability to raise capital when needed and on acceptable terms and conditions, the intensity of competition and general economic factors. The actual results Clearview may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Clearview encourages the public to read the information provided here in conjunction with its most recent filings, which may be viewed at www.sec.gov.
Contacts
Helix WindScott WeinbrandtChairman and PresidentToll Free: 877-2GOHELIX (246-4354)Int: +01-1-619-501-3932Fax: 619-330-2628IR@helixwind.comorClearview Acquisitions646-673-8427info@clearviewacq.com
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.
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Tuesday, February 10, 2009
T. Boone Pickens Statement on Passage of U.S. Senate Version of Economic Stimulus Plan
T. Boone Pickens Statement on Passage of U.S. Senate Version of Economic Stimulus Plan
Many Key Elements of Pickens Plan Included in Legislation; Nation Now Needs to Shift Focus to Develop Serious Energy Policy
Dallas, TX, February 10, 2009 – T. Boone Pickens offered the following comment today on the passage of the U.S. Senate version of the economic stimulus plan and the progress made on energy policy and investment:
“The Senate has taken another important step forward with the energy provisions in the stimulus bill that include investments in renewable energy, encourage conservation and provide funding to rebuild our nation’s transmission grid, all of which are critical elements of the Pickens Plan and all of which create jobs. While the House and the Senate will begin efforts to reconcile their legislation and present a bill to President Obama, we need to make sure that we remember that this is only the start of the effort on energy.
“There is much more to do on real energy policy reform. We need to shift our focus to a serious energy bill that addresses the real goal – to reduce our dependence on foreign oil – which will have significant benefits for America by removing one of the greatest threats to our national security and making us more economically secure. The only way to accomplish that goal is to use our abundant supply of domestic fuels in transportation. The Senate and House stimulus legislation still fall short of capitalizing on the potential of natural gas and so I will continue my efforts to focus our government on the benefits of natural gas as Washington further tackles energy policy in the coming months.”
Among the key elements of the U.S. Senate economic stimulus bill that are a part of the Pickens Plan are several important provisions to promote renewable energy including:
A 3-year extension of the Production Tax Credit for wind projects and an option to choose an Investment Tax Credit in lieu of the Production Tax Credit
$8 billion to fund a new renewable loan guarantee program, potentially providing loan guarantees to over $80 billion in new renewable project and transmission project loans
A new investment tax credit for renewable energy manufacturers
An additional year of bonus depreciation for 2009
Targeted provisions to encourage renewable transmission
While the Senate economic stimulus bill makes some progress, there remain some additional actions that should be taken in conference with the House of Representatives on their legislation including:
Include the House passed provision enabling renewable developers to exchange their investment tax credits for grants of equal value from the Department of Energy, but extend the program through 2011
Provide direction to the Department of Energy to improve the loan guarantee program so that it provides an efficient process for applying for and receiving loan guarantees
About the Pickens Plan
Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Earlier this year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national economic and national security threat. The plan calls for investing in power generation from domestic renewable resources such as wind and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil.
More than 1,400,000 people have joined the Pickens Army through the website www.pickensplan.com , which has had over 14,000,000 hits. For more information on the Pickens Plan please visit our website.
news & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.
Member sign-up- http://www.investorideas.com/membership/
Many Key Elements of Pickens Plan Included in Legislation; Nation Now Needs to Shift Focus to Develop Serious Energy Policy
Dallas, TX, February 10, 2009 – T. Boone Pickens offered the following comment today on the passage of the U.S. Senate version of the economic stimulus plan and the progress made on energy policy and investment:
“The Senate has taken another important step forward with the energy provisions in the stimulus bill that include investments in renewable energy, encourage conservation and provide funding to rebuild our nation’s transmission grid, all of which are critical elements of the Pickens Plan and all of which create jobs. While the House and the Senate will begin efforts to reconcile their legislation and present a bill to President Obama, we need to make sure that we remember that this is only the start of the effort on energy.
“There is much more to do on real energy policy reform. We need to shift our focus to a serious energy bill that addresses the real goal – to reduce our dependence on foreign oil – which will have significant benefits for America by removing one of the greatest threats to our national security and making us more economically secure. The only way to accomplish that goal is to use our abundant supply of domestic fuels in transportation. The Senate and House stimulus legislation still fall short of capitalizing on the potential of natural gas and so I will continue my efforts to focus our government on the benefits of natural gas as Washington further tackles energy policy in the coming months.”
Among the key elements of the U.S. Senate economic stimulus bill that are a part of the Pickens Plan are several important provisions to promote renewable energy including:
A 3-year extension of the Production Tax Credit for wind projects and an option to choose an Investment Tax Credit in lieu of the Production Tax Credit
$8 billion to fund a new renewable loan guarantee program, potentially providing loan guarantees to over $80 billion in new renewable project and transmission project loans
A new investment tax credit for renewable energy manufacturers
An additional year of bonus depreciation for 2009
Targeted provisions to encourage renewable transmission
While the Senate economic stimulus bill makes some progress, there remain some additional actions that should be taken in conference with the House of Representatives on their legislation including:
Include the House passed provision enabling renewable developers to exchange their investment tax credits for grants of equal value from the Department of Energy, but extend the program through 2011
Provide direction to the Department of Energy to improve the loan guarantee program so that it provides an efficient process for applying for and receiving loan guarantees
About the Pickens Plan
Unveiled on July 8, 2008 by T. Boone Pickens, the Pickens Plan is a detailed solution for ending the United States’ growing dependence on foreign oil. Earlier this year, when oil prices reached $140/barrel, America was spending about $700 billion for foreign oil, equaling the greatest transfer of wealth in human history. That figure has decreased some while oil prices have retreated, but the U.S. is still dependent on foreign nations for nearly 70 percent of its oil, representing a continuing national economic and national security threat. The plan calls for investing in power generation from domestic renewable resources such as wind and using our abundant supplies of natural gas as a transportation fuel, replacing more than one-third of our imported oil.
More than 1,400,000 people have joined the Pickens Army through the website www.pickensplan.com , which has had over 14,000,000 hits. For more information on the Pickens Plan please visit our website.
news & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.
Member sign-up- http://www.investorideas.com/membership/
AMSC and U.S. Department of Energy Agree to Collaborate on 10 Megawatt-Class Superconductor Wind Turbines
AMSC and U.S. Department of Energy Agree to Collaborate on 10 Megawatt-Class Superconductor Wind Turbines
Project Focuses on Significantly Increasing Wind Turbine Power Capacity to Reduce Cost of Wind-Generated Electricity AMSC Windtec Design Expertise and AMSC’s Superconductor Motor Technology Core to New Designs
WASHINGTON--Feb 10 2009 --American Superconductor Corporation (NASDAQ: AMSC), a leading energy technologies company, today announced that it has entered into a Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) and its National Wind Technology Center (NWTC) to validate the economics of a full 10 megawatt (MW) class superconductor wind turbine. AMSC is separately developing full 10 MW-class wind turbine component and system designs. A CRADA allows the Federal government and industry partners to optimize their resources, share technical expertise in a protected environment and speed the commercialization of technologies.
Under the 12-month program, AMSC Windtec™, a wholly owned subsidiary of AMSC, will analyze the cost of a full 10 MW-class superconductor wind turbine, which will include a direct drive superconductor generator and all other components, including the blades, hub, power electronics, nacelle, tower and controls. The NWTC will then benchmark and evaluate the wind turbine’s economic impact, both in terms of its initial cost and its overall cost of energy.
“The Department of Energy and its National Renewable Energy Lab recognize that wind power will represent a significant fraction of our power production in the years to come,” said NREL Director Dan Arvizu. “High temperature superconductors hold promise for helping lower the overall cost of wind energy. We are pleased to be teaming with AMSC to move this technology forward.”
Direct drive wind generator systems utilizing high temperature superconductor (HTS) wire instead of copper wire for the generator’s rotor are expected to be much smaller, lighter, more efficient and more reliable than conventional generators and gearboxes. AMSC estimates that its superconductor technology will enable a 10 MW-class generator system that would weigh approximately 120 metric tons, compared with approximately 300 metric tons for conventional direct drive generators with this power rating. In addition, direct drive generators eliminate the need for massive gearboxes, the component with the highest maintenance costs in conventional wind turbines. This will open up the opportunity for the development of wind farms in more areas on land and offshore.
The superconductor generators that are to be utilized for 10 MW-class superconductor wind turbines are based on proven technology AMSC has developed for superconductor ship propulsion motors and generators under contracts with the U.S. Navy. AMSC recently announced that a 36.5 MW superconductor ship propulsion motor it designed and manufactured for the Navy was successfully operated at full power by the Navy and is ready for deployment.
Concurrent with the CRADA, AMSC and TECO-Westinghouse Motor Company (TWMC) have been working on a project since October 2007 to develop HTS and related technologies for 10 megawatt-class direct drive wind generators under an award from the National Institute of Science and Technology’s Advanced Technology Program (ATP). The CRADA and ATP programs are intended to serve as a prelude to follow-on programs aimed at building and testing a full-scale prototype superconductor wind turbine, prior to commercialization.
Senior Vice President and AMSC Superconductors General Manager Dan McGahn said, “It is important for our economy to embrace new clean technologies that will increase our energy independence and strengthen our electricity infrastructure. Superconductors are today proving their tremendous power density and efficiency advantages to electric utilities and large power users. This program brings those same benefits to power generation and the rapidly growing wind power market.”
Wind turbine power ratings have been increasing steadily while the price per megawatt has declined, enabling wind power to achieve economic parity with conventional generation sources in prime wind locations. Due to the limitations of conventional technologies, however, the largest wind turbine ratings top out at approximately 6 MW due in part to practical limitations on the physical size and weight of the generators that must be transported over roads and supported on towers hundreds of feet in the air.
“HTS is one of the ‘disruptive technologies’ needed to break through wind power’s capacity barrier and significantly reduce its cost of energy,” McGahn said. “We have formed strong ties with wind turbine manufacturers around the world, including TECO in Taiwan, Sinovel Wind in China and Hyundai Heavy Industries in Korea. Based on these relationships, AMSC’s leadership in superconductor technology, its experience with HTS rotating machines and AMSC Windtec’s proven commercial wind turbine design capabilities, we are uniquely equipped to commercialize this breakthrough technology.”
According to industry research firm Emerging Energy Research, approximately $27 billion was spent on wind turbines in 2007. That figure is expected to double to over $55 billion annually by 2015.
About American Superconductor (NASDAQ: AMSC)
AMSC offers an array of proprietary technologies and solutions spanning the electric power infrastructure – from generation to delivery to end use. The company is a leader in alternative energy, providing proven, megawatt-scale wind turbine designs and electrical control systems. The company also offers a host of Smart Grid technologies for power grid operators that enhance the reliability, efficiency and capacity of the grid, and seamlessly integrate renewable energy sources into the power infrastructure. These include superconductor power cable systems, grid-level surge protectors and power electronics-based voltage stabilization systems. AMSC’s technologies are protected by a broad and deep intellectual property portfolio consisting of hundreds of patents and licenses worldwide. More information is available at www.amsc.com.
American Superconductor and design, Revolutionizing the Way the World Uses Electricity, AMSC, Powered by AMSC, D-VAR, dSVC, PowerModule, PQ-IVR, Secure Super Grids, Windtec and SuperGEAR are trademarks or registered trademarks of American Superconductor Corporation or its subsidiaries. All other brand names, product names or trademarks belong to their respective holders. The Windtec logo and design is a registered European Union Community Trademark.
Any statements in this release about future expectations, plans and prospects for the company, including our expectations regarding the future financial performance of the company and other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are a number of important factors that could cause actual results to differ materially from those indicated by such forward-looking statements. Such factors include: uncertainties regarding the company's ability to obtain anticipated funding from corporate and government contracts, to successfully develop, manufacture and market commercial products, and to secure anticipated orders; the risk that the increasingly uncertain global economic conditions could result in customers delaying or reducing purchases of our products; the risk that a robust market may not develop for the company's products; the risk that strategic alliances and other contracts may be terminated; the risk that certain technologies utilized by the company will infringe intellectual property rights of others; and the competition encountered by the company. Reference is made to these and other factors discussed in the "Risk Factors" section of the company's most recent quarterly or annual report filed with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent the company's views as of the date of this release. While the company anticipates that subsequent events and developments may cause the company's views to change, the company specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing the company's views as of any date subsequent to the date this press release is issued.
Contacts American Superconductor Corporation (NASDAQ: AMSC)Jason Fredette, 978-842-3177Director of Investor & Media Relationsjfredette@amsc.com
News & Stories Published at Clean Energy Stocks Blog
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Project Focuses on Significantly Increasing Wind Turbine Power Capacity to Reduce Cost of Wind-Generated Electricity AMSC Windtec Design Expertise and AMSC’s Superconductor Motor Technology Core to New Designs
WASHINGTON--Feb 10 2009 --American Superconductor Corporation (NASDAQ: AMSC), a leading energy technologies company, today announced that it has entered into a Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) and its National Wind Technology Center (NWTC) to validate the economics of a full 10 megawatt (MW) class superconductor wind turbine. AMSC is separately developing full 10 MW-class wind turbine component and system designs. A CRADA allows the Federal government and industry partners to optimize their resources, share technical expertise in a protected environment and speed the commercialization of technologies.
Under the 12-month program, AMSC Windtec™, a wholly owned subsidiary of AMSC, will analyze the cost of a full 10 MW-class superconductor wind turbine, which will include a direct drive superconductor generator and all other components, including the blades, hub, power electronics, nacelle, tower and controls. The NWTC will then benchmark and evaluate the wind turbine’s economic impact, both in terms of its initial cost and its overall cost of energy.
“The Department of Energy and its National Renewable Energy Lab recognize that wind power will represent a significant fraction of our power production in the years to come,” said NREL Director Dan Arvizu. “High temperature superconductors hold promise for helping lower the overall cost of wind energy. We are pleased to be teaming with AMSC to move this technology forward.”
Direct drive wind generator systems utilizing high temperature superconductor (HTS) wire instead of copper wire for the generator’s rotor are expected to be much smaller, lighter, more efficient and more reliable than conventional generators and gearboxes. AMSC estimates that its superconductor technology will enable a 10 MW-class generator system that would weigh approximately 120 metric tons, compared with approximately 300 metric tons for conventional direct drive generators with this power rating. In addition, direct drive generators eliminate the need for massive gearboxes, the component with the highest maintenance costs in conventional wind turbines. This will open up the opportunity for the development of wind farms in more areas on land and offshore.
The superconductor generators that are to be utilized for 10 MW-class superconductor wind turbines are based on proven technology AMSC has developed for superconductor ship propulsion motors and generators under contracts with the U.S. Navy. AMSC recently announced that a 36.5 MW superconductor ship propulsion motor it designed and manufactured for the Navy was successfully operated at full power by the Navy and is ready for deployment.
Concurrent with the CRADA, AMSC and TECO-Westinghouse Motor Company (TWMC) have been working on a project since October 2007 to develop HTS and related technologies for 10 megawatt-class direct drive wind generators under an award from the National Institute of Science and Technology’s Advanced Technology Program (ATP). The CRADA and ATP programs are intended to serve as a prelude to follow-on programs aimed at building and testing a full-scale prototype superconductor wind turbine, prior to commercialization.
Senior Vice President and AMSC Superconductors General Manager Dan McGahn said, “It is important for our economy to embrace new clean technologies that will increase our energy independence and strengthen our electricity infrastructure. Superconductors are today proving their tremendous power density and efficiency advantages to electric utilities and large power users. This program brings those same benefits to power generation and the rapidly growing wind power market.”
Wind turbine power ratings have been increasing steadily while the price per megawatt has declined, enabling wind power to achieve economic parity with conventional generation sources in prime wind locations. Due to the limitations of conventional technologies, however, the largest wind turbine ratings top out at approximately 6 MW due in part to practical limitations on the physical size and weight of the generators that must be transported over roads and supported on towers hundreds of feet in the air.
“HTS is one of the ‘disruptive technologies’ needed to break through wind power’s capacity barrier and significantly reduce its cost of energy,” McGahn said. “We have formed strong ties with wind turbine manufacturers around the world, including TECO in Taiwan, Sinovel Wind in China and Hyundai Heavy Industries in Korea. Based on these relationships, AMSC’s leadership in superconductor technology, its experience with HTS rotating machines and AMSC Windtec’s proven commercial wind turbine design capabilities, we are uniquely equipped to commercialize this breakthrough technology.”
According to industry research firm Emerging Energy Research, approximately $27 billion was spent on wind turbines in 2007. That figure is expected to double to over $55 billion annually by 2015.
About American Superconductor (NASDAQ: AMSC)
AMSC offers an array of proprietary technologies and solutions spanning the electric power infrastructure – from generation to delivery to end use. The company is a leader in alternative energy, providing proven, megawatt-scale wind turbine designs and electrical control systems. The company also offers a host of Smart Grid technologies for power grid operators that enhance the reliability, efficiency and capacity of the grid, and seamlessly integrate renewable energy sources into the power infrastructure. These include superconductor power cable systems, grid-level surge protectors and power electronics-based voltage stabilization systems. AMSC’s technologies are protected by a broad and deep intellectual property portfolio consisting of hundreds of patents and licenses worldwide. More information is available at www.amsc.com.
American Superconductor and design, Revolutionizing the Way the World Uses Electricity, AMSC, Powered by AMSC, D-VAR, dSVC, PowerModule, PQ-IVR, Secure Super Grids, Windtec and SuperGEAR are trademarks or registered trademarks of American Superconductor Corporation or its subsidiaries. All other brand names, product names or trademarks belong to their respective holders. The Windtec logo and design is a registered European Union Community Trademark.
Any statements in this release about future expectations, plans and prospects for the company, including our expectations regarding the future financial performance of the company and other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are a number of important factors that could cause actual results to differ materially from those indicated by such forward-looking statements. Such factors include: uncertainties regarding the company's ability to obtain anticipated funding from corporate and government contracts, to successfully develop, manufacture and market commercial products, and to secure anticipated orders; the risk that the increasingly uncertain global economic conditions could result in customers delaying or reducing purchases of our products; the risk that a robust market may not develop for the company's products; the risk that strategic alliances and other contracts may be terminated; the risk that certain technologies utilized by the company will infringe intellectual property rights of others; and the competition encountered by the company. Reference is made to these and other factors discussed in the "Risk Factors" section of the company's most recent quarterly or annual report filed with the Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent the company's views as of the date of this release. While the company anticipates that subsequent events and developments may cause the company's views to change, the company specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing the company's views as of any date subsequent to the date this press release is issued.
Contacts American Superconductor Corporation (NASDAQ: AMSC)Jason Fredette, 978-842-3177Director of Investor & Media Relationsjfredette@amsc.com
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.
Member sign-up- http://www.investorideas.com/membership/
Monday, February 09, 2009
Green IPO Watch at Renewableenergystocks.com- New Solar Stock IX Energy Holdings Completes Merger and Trading under symbol (OTCBB: IXEH)
Green IPO Watch at Renewableenergystocks.com- New Solar Stock IX Energy Holdings Completes Merger and Trading under symbol (OTCBB: IXEH)
POINT ROBERTS, WA and DELTA, BC— Feb 9, 2009 - www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com,
reports on new solar stock, IX Energy Holdings completing its recent merger and announces Trading Symbol
(OTC BB: IXEH) on February 2, 2009. IX Energy Holdings, Inc. is a renewable energy services company engaged in the design, marketing and development of solar power systems and other renewable energy solutions to federal and civilian agencies.
Company News:
NEW YORK, NY Feb 2, 2009 -- Yoo Inc. (OTC BB:YOOO.OB ) , the parent company of IX Energy, Inc., announced today that it has changed its name to IX Energy Holdings, Inc. ("IX Energy") and that the Company's common stock is trading on the over-the-counter bulletin board under the new ticker symbol (OTC BB:IXEH)
IX Energy Holdings, Inc. is a renewable energy solutions company engaged in the design, marketing and development of solar power and other renewable energy solutions targeting federal and civilian agencies. The Company's emphasis in the federal sector helps government agencies comply with mandates for implementation of technologies that support renewable energy.
Under Executive Order 13423, renewable electricity consumption by the federal government cannot be less than 3% from fiscal year 2007 through fiscal year 2009, 5% from fiscal year 2010 to fiscal year 2012 and 7.5% thereafter, and at least half of the renewable energy must come from new sources (in service after January 1, 1999). In 2007, total electricity consumption from government agencies was 193.8 trillion BTU, or 56.79 million MWh.
"The federal government's mandate for renewable energy is enormous, and we think we have established key strategic relationships that will enable us to successfully service this market, which will call for distributed generation systems such as solar electric, solar lighting, geothermal, and other generation systems including fuel cell, cogeneration and highly efficient alternatives," commented Steve Hoffman, CEO of IX Energy.
Through the nine months ended September 30, 2008, IX Energy recorded revenue of approximately $6.5 million. The majority of revenue for 2008 was derived from the federal agency sector.
Hoffman added that, "We work closely with our customers to ensure that they use less energy, pay less for energy, and secure reliable, high-quality power for their critical operations. Federal agencies are seeking ways to save energy and use renewable resources and we are committed to providing solar, and a platform of related renewable energy solutions to enable them to meet these goals. We will continue to be opportunistic in other key markets as well including commercial and select utility scale projects."
Recent Operational Highlights
-- Executed 5-year agreement to manufacture solar modules marketed to
U.S. government customers. The first 24MW fabrication facility came online
January this year and is expected to commence production in February. IX
Energy will begin selling its initial line of completed products from the
first facility to U.S. government customers in the first quarter, 2009.
-- IX Energy supply partners include Q-Cells, Tynsolar and Gintech.
Mr. Hoffman leads an experienced management team with deep experience in the energy industry. He has extensive leadership experience in solar energy, HVAC systems, automation and energy management systems. Prior to founding IX Energy, Mr. Hoffman served as National Service Manager for Solar Integrated Technologies, and in 2003 was awarded a grant program in New Jersey, the Photovoltaic New Jersey infrastructure development program in conjunction with the board of public utilities and NJCEP, RWE Schott, to create certified accredited PV training programs. Prior to entering the energy services sector, he worked for an industrial supply and distribution which was later acquired by Control Associates.
About IX Energy Holdings, Inc.
Founded in 2006, IX Energy Holdings, Inc. is a renewable energy services company engaged in the design, marketing and development of solar power systems and other renewable energy solutions to federal and civilian agencies. IX Energy Holdings, Inc. was recently acquired by Yoo Inc., pursuant to an Agreement and Plan of Merger and Reorganization dated December 30, 2008. Additional information about the merger and IX Energy can be found on IX Energy Holdings, Inc.'s current report on Form 8-K as filed with the SEC on January 6, 2009.
Source: IX Energy Holdings, Inc.
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Renewable Energy and GreenTech Business and Stock News at Investorideas.com
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Investing in Renewable Energy and Water
Become an Investorideas.com Member
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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. Disclosure:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
POINT ROBERTS, WA and DELTA, BC— Feb 9, 2009 - www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com,
reports on new solar stock, IX Energy Holdings completing its recent merger and announces Trading Symbol
(OTC BB: IXEH) on February 2, 2009. IX Energy Holdings, Inc. is a renewable energy services company engaged in the design, marketing and development of solar power systems and other renewable energy solutions to federal and civilian agencies.
Company News:
NEW YORK, NY Feb 2, 2009 -- Yoo Inc. (OTC BB:YOOO.OB ) , the parent company of IX Energy, Inc., announced today that it has changed its name to IX Energy Holdings, Inc. ("IX Energy") and that the Company's common stock is trading on the over-the-counter bulletin board under the new ticker symbol (OTC BB:IXEH)
IX Energy Holdings, Inc. is a renewable energy solutions company engaged in the design, marketing and development of solar power and other renewable energy solutions targeting federal and civilian agencies. The Company's emphasis in the federal sector helps government agencies comply with mandates for implementation of technologies that support renewable energy.
Under Executive Order 13423, renewable electricity consumption by the federal government cannot be less than 3% from fiscal year 2007 through fiscal year 2009, 5% from fiscal year 2010 to fiscal year 2012 and 7.5% thereafter, and at least half of the renewable energy must come from new sources (in service after January 1, 1999). In 2007, total electricity consumption from government agencies was 193.8 trillion BTU, or 56.79 million MWh.
"The federal government's mandate for renewable energy is enormous, and we think we have established key strategic relationships that will enable us to successfully service this market, which will call for distributed generation systems such as solar electric, solar lighting, geothermal, and other generation systems including fuel cell, cogeneration and highly efficient alternatives," commented Steve Hoffman, CEO of IX Energy.
Through the nine months ended September 30, 2008, IX Energy recorded revenue of approximately $6.5 million. The majority of revenue for 2008 was derived from the federal agency sector.
Hoffman added that, "We work closely with our customers to ensure that they use less energy, pay less for energy, and secure reliable, high-quality power for their critical operations. Federal agencies are seeking ways to save energy and use renewable resources and we are committed to providing solar, and a platform of related renewable energy solutions to enable them to meet these goals. We will continue to be opportunistic in other key markets as well including commercial and select utility scale projects."
Recent Operational Highlights
-- Executed 5-year agreement to manufacture solar modules marketed to
U.S. government customers. The first 24MW fabrication facility came online
January this year and is expected to commence production in February. IX
Energy will begin selling its initial line of completed products from the
first facility to U.S. government customers in the first quarter, 2009.
-- IX Energy supply partners include Q-Cells, Tynsolar and Gintech.
Mr. Hoffman leads an experienced management team with deep experience in the energy industry. He has extensive leadership experience in solar energy, HVAC systems, automation and energy management systems. Prior to founding IX Energy, Mr. Hoffman served as National Service Manager for Solar Integrated Technologies, and in 2003 was awarded a grant program in New Jersey, the Photovoltaic New Jersey infrastructure development program in conjunction with the board of public utilities and NJCEP, RWE Schott, to create certified accredited PV training programs. Prior to entering the energy services sector, he worked for an industrial supply and distribution which was later acquired by Control Associates.
About IX Energy Holdings, Inc.
Founded in 2006, IX Energy Holdings, Inc. is a renewable energy services company engaged in the design, marketing and development of solar power systems and other renewable energy solutions to federal and civilian agencies. IX Energy Holdings, Inc. was recently acquired by Yoo Inc., pursuant to an Agreement and Plan of Merger and Reorganization dated December 30, 2008. Additional information about the merger and IX Energy can be found on IX Energy Holdings, Inc.'s current report on Form 8-K as filed with the SEC on January 6, 2009.
Source: IX Energy Holdings, Inc.
Subscribe to or add news to your site – the Green IPO Watch News Feed: http://www.investorideas.com/RSS/feeds/GreenIPO.xml
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News at Investorideas.com
http://www.investorideas.com/RSS/feeds/RES.xml
Publish your green news :
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Investing in Renewable Energy and Water
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the complete renewable energy stocks and water stocks directory .Learn more: - click here http://www.investorideas.com/membership/
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. Disclosure:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Saturday, February 07, 2009
Renewable Sector in the US to Grow Post Presidential Elections
Research and Markets: Renewable Sector in the US to Grow Post Presidential Elections as Energy Security and Environmental Problems Have Become a Major Cause of Concern for the US Economy
Research and Markets (http://www.researchandmarkets.com/research/78745b/renewable_sector_i) has announced the addition of GlobalData's new report "Renewable Sector in the US Destined to Grow Post Presidential Elections" to their offering.
Energy security and environmental problems have become a major cause of concern for the US economy. This is principally because the US economy is combating two major challenges: dependence on foreign oil and global climate change. In this backdrop, encouragement for renewables has become mandatory in the national interest.
Scope
Viewpoints cover the latest events or important trends in the alternative energy industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and Our views of various developments that have been taking place in the alternative energy industry across the world.
Reasons to Buy
Develop business strategies with the help of specific insights from GlobalData on the key events happening in the alternative energy industry. Gain a strong understanding of the energy market and analyze the major trends in the global alternative energy industry today Identify opportunities and challenges with the help of our analysis of the latest news and deals in the alternative energy industry Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events Key Topics Covered: 1 Table of Contents 2 Viewpoint 3 Renewable Sector in the US Destined to Grow Post Presidential Elections 4 Recent Developments 4.1 Sep 04, 2008: USDA Awards $100,000 Grant To Study Geothermal Resources 4.2 Sep 03, 2008: GPEC Unveils Greening Greater Phoenix Initiative To Promote Region As Solar And Sustainability Leader 4.3 Sep 03, 2008: US Wind Power Doubles To More Than 20,000 MW in Two Years, Says AWEA 4.4 Aug 27, 2008: USDA Awards $35 Million For Renewable Energy And Energy Efficiency Projects 4.5 Aug 25, 2008: CCEF Announces Joining Of Avon, Connecticut In CCECP 4.6 Aug 21, 2008: USDA And China Sign Biofuels Research Agreement 4.7 Aug 19, 2008: New York Mayor Announces New York Citys Steps Toward Developing Off-Shore Windfarms And Other Sources Of Renewable Energy 4.8 Aug 18, 2008: US Leads World In Wind Power Production 4.9 Aug 18, 2008: Connecticut Announces Connecticut Solar Lease Program 4.10 Aug 14, 2008: DOE Announces Up To $15.3 Million For Hydrogen Storage Research And Development Projects 4.11 Aug 12, 2008: DOE To Invest Up To $24 Million For Breakthrough Solar Energy Products 4.12 Aug 11, 2008: DEP Approves Plan To Convert Conestoga Landfill Gas To Energy 4.13 Aug 07, 2008: US Accounts For 30% Of Total Geothermal Energy, GEA Reports 4.14 Aug 07, 2008: Oregon Governor Unveils First Solar Demonstration Project 4.15 Aug 05, 2008: BLM Geothermal Sale Brings In $28 Million 4.16 Aug 05, 2008: BLM Offers Lands For Geothermal Leasing 4.17 Aug 05, 2008: Expiration Of Federal Incentive Threatens Wind Power’s New-Found Growth 4.18 Aug 05, 2008: DOE To Pursue Zero-Net Energy Commercial Buildings 4.19 Aug 04, 2008: MIT And Caltech Scientists Wins $20 Million Grant To Research On Solar-Fuel Power Plants 4.20 Aug 04, 2008: DOE Announces Contracts To Achieve $140 Million In Energy Efficiency Improvements To DOE Facilities 4.21 Jul 31, 2008: DOE To Provide $36 Million To Advance CO2 Capture 5 Appendix
For more information visit http://www.researchandmarkets.com/research/78745b/renewable_sector_i
Contacts Research and MarketsLaura WoodSenior Managerpress@researchandmarkets.comFax from USA: 646-607-1907Fax from rest of the world: +353-1-481-1716 News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.
http://www.investorideas.com/Banners/Thin-Member-Ad.gif
Research and Markets (http://www.researchandmarkets.com/research/78745b/renewable_sector_i) has announced the addition of GlobalData's new report "Renewable Sector in the US Destined to Grow Post Presidential Elections" to their offering.
Energy security and environmental problems have become a major cause of concern for the US economy. This is principally because the US economy is combating two major challenges: dependence on foreign oil and global climate change. In this backdrop, encouragement for renewables has become mandatory in the national interest.
Scope
Viewpoints cover the latest events or important trends in the alternative energy industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and Our views of various developments that have been taking place in the alternative energy industry across the world.
Reasons to Buy
Develop business strategies with the help of specific insights from GlobalData on the key events happening in the alternative energy industry. Gain a strong understanding of the energy market and analyze the major trends in the global alternative energy industry today Identify opportunities and challenges with the help of our analysis of the latest news and deals in the alternative energy industry Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events Key Topics Covered: 1 Table of Contents 2 Viewpoint 3 Renewable Sector in the US Destined to Grow Post Presidential Elections 4 Recent Developments 4.1 Sep 04, 2008: USDA Awards $100,000 Grant To Study Geothermal Resources 4.2 Sep 03, 2008: GPEC Unveils Greening Greater Phoenix Initiative To Promote Region As Solar And Sustainability Leader 4.3 Sep 03, 2008: US Wind Power Doubles To More Than 20,000 MW in Two Years, Says AWEA 4.4 Aug 27, 2008: USDA Awards $35 Million For Renewable Energy And Energy Efficiency Projects 4.5 Aug 25, 2008: CCEF Announces Joining Of Avon, Connecticut In CCECP 4.6 Aug 21, 2008: USDA And China Sign Biofuels Research Agreement 4.7 Aug 19, 2008: New York Mayor Announces New York Citys Steps Toward Developing Off-Shore Windfarms And Other Sources Of Renewable Energy 4.8 Aug 18, 2008: US Leads World In Wind Power Production 4.9 Aug 18, 2008: Connecticut Announces Connecticut Solar Lease Program 4.10 Aug 14, 2008: DOE Announces Up To $15.3 Million For Hydrogen Storage Research And Development Projects 4.11 Aug 12, 2008: DOE To Invest Up To $24 Million For Breakthrough Solar Energy Products 4.12 Aug 11, 2008: DEP Approves Plan To Convert Conestoga Landfill Gas To Energy 4.13 Aug 07, 2008: US Accounts For 30% Of Total Geothermal Energy, GEA Reports 4.14 Aug 07, 2008: Oregon Governor Unveils First Solar Demonstration Project 4.15 Aug 05, 2008: BLM Geothermal Sale Brings In $28 Million 4.16 Aug 05, 2008: BLM Offers Lands For Geothermal Leasing 4.17 Aug 05, 2008: Expiration Of Federal Incentive Threatens Wind Power’s New-Found Growth 4.18 Aug 05, 2008: DOE To Pursue Zero-Net Energy Commercial Buildings 4.19 Aug 04, 2008: MIT And Caltech Scientists Wins $20 Million Grant To Research On Solar-Fuel Power Plants 4.20 Aug 04, 2008: DOE Announces Contracts To Achieve $140 Million In Energy Efficiency Improvements To DOE Facilities 4.21 Jul 31, 2008: DOE To Provide $36 Million To Advance CO2 Capture 5 Appendix
For more information visit http://www.researchandmarkets.com/research/78745b/renewable_sector_i
Contacts Research and MarketsLaura WoodSenior Managerpress@researchandmarkets.comFax from USA: 646-607-1907Fax from rest of the world: +353-1-481-1716 News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.
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Thursday, February 05, 2009
Evergreen Solar Panels Used in 250 Kilowatt Installation at DuPont Research Facility in Hawaii
Evergreen Solar Panels Used in 250 Kilowatt Installation at DuPont Research Facility in Hawaii
One-acre, 1,500 solar panel array at Pioneer Hi-Bred Waimea Research Center in Kauai, Hawaii is DuPont’s largest solar installation to date
MARLBORO, Mass.----Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of STRING RIBBON™ solar power products with its proprietary, low-cost silicon wafer manufacturing technology, announced today that a new 250 kilowatt solar energy power plant using its solar panels is now operational at DuPont’s Pioneer Hi-Bred Waimea Research Center in Kauai, Hawaii. The solar installation is DuPont’s largest and will supply 85 percent of the overall energy for the Research Center.
The installation contains 1,500 Evergreen Solar panels and occupies an area of one acre. It will generate enough energy each year to power approximately 64 average-sized homes. By generating renewable energy, the facility will offset carbon dioxide emissions equivalent to removing 100 cars from the road annually. DuPont expects to save approximately $200,000 per year in offset energy costs.
“This is a significant solar installation for DuPont and clearly demonstrates their commitment to renewable energy and sustainability not only as a leader in solar power usage but as a key materials and technology supplier to the photovoltaics industry,” said Terry Bailey, Evergreen Solar’s senior vice president of sales and marketing. “DuPont’s choice to use Evergreen Solar’s panels will not only show immediate results in performance but will also help DuPont accomplish its carbon goals since our panels have both the smallest carbon footprint and the quickest energy payback of any manufacturer in the business.”
This is the second solar installation by DuPont to use Evergreen Solar panels, the first of which is located at DuPont’s headquarters in Wilmington, Delaware.
About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets STRING RIBBON™ solar power products using its proprietary, low-cost wafer technology. The company's patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar's products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the company, please visit www.evergreensolar.com.
Safe Harbor Statement
This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. These statements are neither promises nor guarantees, and involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Such risks and uncertainties are identified in the company's filings with the Securities and Exchange Commission - including the company's Annual and Quarterly Reports on Forms 10-K and 10-Q filed with the SEC (copies of which may be obtained at the SEC's website at: http://www.sec.gov) - could impact the forward-looking statements contained in this press release. Evergreen Solar disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations, or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ.
Contacts Evergreen Solar, Inc.Chris Lawson, 508-357-2221 X7214Director Marketing Communicationsclawson@evergreensolar.comorElevate CommunicationsJim Connelly, 617-861-3654Account Supervisorjconnelly@elevatecom.com
News & Stories Published at Clean Energy Stocks Blog
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One-acre, 1,500 solar panel array at Pioneer Hi-Bred Waimea Research Center in Kauai, Hawaii is DuPont’s largest solar installation to date
MARLBORO, Mass.----Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of STRING RIBBON™ solar power products with its proprietary, low-cost silicon wafer manufacturing technology, announced today that a new 250 kilowatt solar energy power plant using its solar panels is now operational at DuPont’s Pioneer Hi-Bred Waimea Research Center in Kauai, Hawaii. The solar installation is DuPont’s largest and will supply 85 percent of the overall energy for the Research Center.
The installation contains 1,500 Evergreen Solar panels and occupies an area of one acre. It will generate enough energy each year to power approximately 64 average-sized homes. By generating renewable energy, the facility will offset carbon dioxide emissions equivalent to removing 100 cars from the road annually. DuPont expects to save approximately $200,000 per year in offset energy costs.
“This is a significant solar installation for DuPont and clearly demonstrates their commitment to renewable energy and sustainability not only as a leader in solar power usage but as a key materials and technology supplier to the photovoltaics industry,” said Terry Bailey, Evergreen Solar’s senior vice president of sales and marketing. “DuPont’s choice to use Evergreen Solar’s panels will not only show immediate results in performance but will also help DuPont accomplish its carbon goals since our panels have both the smallest carbon footprint and the quickest energy payback of any manufacturer in the business.”
This is the second solar installation by DuPont to use Evergreen Solar panels, the first of which is located at DuPont’s headquarters in Wilmington, Delaware.
About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets STRING RIBBON™ solar power products using its proprietary, low-cost wafer technology. The company's patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar's products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the company, please visit www.evergreensolar.com.
Safe Harbor Statement
This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. These statements are neither promises nor guarantees, and involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Such risks and uncertainties are identified in the company's filings with the Securities and Exchange Commission - including the company's Annual and Quarterly Reports on Forms 10-K and 10-Q filed with the SEC (copies of which may be obtained at the SEC's website at: http://www.sec.gov) - could impact the forward-looking statements contained in this press release. Evergreen Solar disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations, or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ.
Contacts Evergreen Solar, Inc.Chris Lawson, 508-357-2221 X7214Director Marketing Communicationsclawson@evergreensolar.comorElevate CommunicationsJim Connelly, 617-861-3654Account Supervisorjconnelly@elevatecom.com
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Tuesday, February 03, 2009
U.S. and China in Race to the Top of Global Wind Industry
U.S. and China in Race to the Top of Global Wind Industry
The United States passed Germany to become world #1 in wind power installations, and China’s total capacity doubled for the fourth year in a row. Total worldwide installations in 2008 were more than 27,000 megawatts (MW), dominated by the three main markets in Europe, North America and Asia.
WASHINGTON---Global wind energy capacity grew by 28.8% last year, even higher than the average over the past decade, to reach total global installations of more than 120,800 MW (120.8 GW) at the end of 2008. Over 27,000 MW (27 GW) of new wind power generation capacity came online in 2008, 36% more than in 2007.
“These figures speak for themselves: there is huge and growing global demand for emissions-free wind power, which can be installed quickly, virtually everywhere in the world. Wind energy is the only power generation technology that can deliver the necessary cuts in CO2 in the critical period up to 2020, when greenhouse cases must peak and begin to decline to avoid dangerous climate change,”said Steve Sawyer, Secretary General of GWEC. “The 120 GW of global wind capacity in place at the end of 2008 will produce 260 TWh and save 158 million tons of CO2 every year.”
Wind energy is now an important player in the world’s energy markets. The global wind market for turbine installations in 2008 was worth about 36.5bn EUR or 47.5bn US$.
“Wind power is often the most attractive option for new power generation in both economic terms and in terms of increasing energy security, not to mention the environmental and economic development benefits. Volatile fossil fuel prices and unreliable supply policies from fossil fuel rich countries increase the risk of relying on conventional sources for power production,” said GWEC’s Chairman, Prof. Arthouros Zervos. “The wind industry also creates many new jobs: over 400,000 people are now employed in this industry, and that number will be in the millions in the near future.”
The leading markets in terms of new installed capacity in 2008 were the US and China. New US wind energy installations totalled 8,358 MW for a total installed capacity of 25,170 MW the US has now officially overtaken Germany (23,902 MW) as number one in wind power. Europe and North America are running neck-to-neck, with about 8,900 MW (8.9 GW) each of new installed capacity in 2008, with Asia closely following with 8,600 MW (8.6 GW).
The massive growth in the US wind market in 2008 increased the nation’s total wind power generating capacity by 50%. The new wind projects completed in 2008 account for about 42% of the entire new power-producing capacity added in the US last year, and created 35,000 new jobs, for a total of 85,000 employed in the sector in the US.
At year’s end, however, financing for new projects and new orders for turbines and components slowed to a trickle as the financial crisis began to hit the wind sector.
“The U.S. wind energy industry turned in a record-shattering performance in 2008, establishing wind as one of the leading sources of new electricity generation in the country and a job creation dynamo,” said AWEA CEO Denise Bode. “At the same time, it is clear that the economic and financial downturn have begun to take a serious toll on new wind development. We look forward to working with President Obama and the new Congress on policies to restore the industry’s vital momentum and achieve President Obama’s goal of doubling renewable energy production in three years.”
The growth in Asia’s markets has also been breathtaking; close to a third of all new capacity in 2008 was installed on the Asian continent. In particular, the wind energy boom is continuing in China, which once again doubled its installed capacity by adding about 6,300 MW (6.3 GW), reaching a total of 12,200 MW (12.2 GW).
“The Chinese wind energy market is going from strength to strength, and has once again doubled in size compared to 2007, reaching over 12 GW of total installed capacity,” said Shi Pengfei, Vice President of the Chinese Wind Energy Association (CWEA). “The outlook for the coming years is also very healthy.”
In its response to the financial crisis, the Chinese government has identified the development of wind energy as one of the key economic growth areas. “In 2009, new installed capacity is expected to nearly double again, which will be one third or more of the world’s total new installed capacity for the year,” said Li Junfeng, Secretary General of the Chinese Renewable Energy Industry Association (CREIA).
At this rate, China would be well on its way to overtake Germany and Spain to reach second place in terms of total wind power capacity in 2010. China would then have met its 2020 target of 30,000 MW (30 GW) ten years ahead of time.
The growing wind power market in China has also encouraged domestic production of wind turbines and components, and the Chinese manufacturing industry is becoming increasingly mature, stretching over the whole supply chain.
“Now, the supply is starting to not only satisfy domestic demand, but also meet international needs, especially for components,” said Li Junfeng. “In 2009, Chinese companies will start to enter the UK and Japanese markets, and orders for 200 blades have already been placed. There are also ambitions for exploring the US market in the coming years.”
In Europe, almost 8,900 MW (8.9.GW) worth of new wind turbines brought total wind power generation capacity up to nearly 66,000 MW (66 GW). This makes wind power the leading power source for new generation capacity, according to the European Wind Energy Association (EWEA). While in the past, European growth was primarily spurred by the established markets in Germany, Spain and Denmark, 2008 saw a much more balanced expansion, led by France, the UK and Italy.
“The European figures show that wind energy is the undisputed number one choice in Europe’s efforts to move towards clean, indigenous renewable power”, said Christian Kjaer, CEO of EWEA. “Wind energy is an example of an intelligent investment that puts EU citizens’ money to work in their own economies rather than transferring it to a handful of fuel-exporting nations”, commented Kjaer. “Investing in wind energy means supporting technology leadership, climate protection, energy independence, commercial opportunities and jobs.”
“We’re on track to meeting our target of saving 1.5 billion tons of CO2 per year by 2020”, concluded Steve Sawyer, “but we need a strong, global signal from governments that they are serious about moving away from fossil fuels and protecting the climate. As positive outcome to the climate negotiations throughout this year, resulting in a new global agreement in Copenhagen in December, is of fundamental importance and will send the kind of signal that the industry, investors and the finance sector need for wind power to reach its full potential.”
See tables and graphs at http://www.gwec.net/fileadmin/documents/PressReleases/PR_stats_annex_table_2nd_feb_final_final.pdf
GWEC is the voice of the global wind energy sector, bringing together the major national, regional and continental associations and leading wind energy companies. With a over 1,500 organisations, GWEC’s member associations represent the entire wind energy community. Visit www.gwec.net for more information.
AWEA is the national trade association of America’s wind industry, with more than 1,800 member companies, including global leaders in wind power and energy development, wind turbine manufacturing, component and service suppliers, and the world’s largest wind power trade show. AWEA is the voice of wind energy in the U.S., promoting renewable energy to power a cleaner, stronger America. More information on wind energy is available at the AWEA Web site: www.awea.org.
Contacts The Rosen GroupLaura Stevens, (202) 862 4372orGWECAngelika Pullen, (32) 473-947-966angelika.pullen@gwec.net
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/
The United States passed Germany to become world #1 in wind power installations, and China’s total capacity doubled for the fourth year in a row. Total worldwide installations in 2008 were more than 27,000 megawatts (MW), dominated by the three main markets in Europe, North America and Asia.
WASHINGTON---Global wind energy capacity grew by 28.8% last year, even higher than the average over the past decade, to reach total global installations of more than 120,800 MW (120.8 GW) at the end of 2008. Over 27,000 MW (27 GW) of new wind power generation capacity came online in 2008, 36% more than in 2007.
“These figures speak for themselves: there is huge and growing global demand for emissions-free wind power, which can be installed quickly, virtually everywhere in the world. Wind energy is the only power generation technology that can deliver the necessary cuts in CO2 in the critical period up to 2020, when greenhouse cases must peak and begin to decline to avoid dangerous climate change,”said Steve Sawyer, Secretary General of GWEC. “The 120 GW of global wind capacity in place at the end of 2008 will produce 260 TWh and save 158 million tons of CO2 every year.”
Wind energy is now an important player in the world’s energy markets. The global wind market for turbine installations in 2008 was worth about 36.5bn EUR or 47.5bn US$.
“Wind power is often the most attractive option for new power generation in both economic terms and in terms of increasing energy security, not to mention the environmental and economic development benefits. Volatile fossil fuel prices and unreliable supply policies from fossil fuel rich countries increase the risk of relying on conventional sources for power production,” said GWEC’s Chairman, Prof. Arthouros Zervos. “The wind industry also creates many new jobs: over 400,000 people are now employed in this industry, and that number will be in the millions in the near future.”
The leading markets in terms of new installed capacity in 2008 were the US and China. New US wind energy installations totalled 8,358 MW for a total installed capacity of 25,170 MW the US has now officially overtaken Germany (23,902 MW) as number one in wind power. Europe and North America are running neck-to-neck, with about 8,900 MW (8.9 GW) each of new installed capacity in 2008, with Asia closely following with 8,600 MW (8.6 GW).
The massive growth in the US wind market in 2008 increased the nation’s total wind power generating capacity by 50%. The new wind projects completed in 2008 account for about 42% of the entire new power-producing capacity added in the US last year, and created 35,000 new jobs, for a total of 85,000 employed in the sector in the US.
At year’s end, however, financing for new projects and new orders for turbines and components slowed to a trickle as the financial crisis began to hit the wind sector.
“The U.S. wind energy industry turned in a record-shattering performance in 2008, establishing wind as one of the leading sources of new electricity generation in the country and a job creation dynamo,” said AWEA CEO Denise Bode. “At the same time, it is clear that the economic and financial downturn have begun to take a serious toll on new wind development. We look forward to working with President Obama and the new Congress on policies to restore the industry’s vital momentum and achieve President Obama’s goal of doubling renewable energy production in three years.”
The growth in Asia’s markets has also been breathtaking; close to a third of all new capacity in 2008 was installed on the Asian continent. In particular, the wind energy boom is continuing in China, which once again doubled its installed capacity by adding about 6,300 MW (6.3 GW), reaching a total of 12,200 MW (12.2 GW).
“The Chinese wind energy market is going from strength to strength, and has once again doubled in size compared to 2007, reaching over 12 GW of total installed capacity,” said Shi Pengfei, Vice President of the Chinese Wind Energy Association (CWEA). “The outlook for the coming years is also very healthy.”
In its response to the financial crisis, the Chinese government has identified the development of wind energy as one of the key economic growth areas. “In 2009, new installed capacity is expected to nearly double again, which will be one third or more of the world’s total new installed capacity for the year,” said Li Junfeng, Secretary General of the Chinese Renewable Energy Industry Association (CREIA).
At this rate, China would be well on its way to overtake Germany and Spain to reach second place in terms of total wind power capacity in 2010. China would then have met its 2020 target of 30,000 MW (30 GW) ten years ahead of time.
The growing wind power market in China has also encouraged domestic production of wind turbines and components, and the Chinese manufacturing industry is becoming increasingly mature, stretching over the whole supply chain.
“Now, the supply is starting to not only satisfy domestic demand, but also meet international needs, especially for components,” said Li Junfeng. “In 2009, Chinese companies will start to enter the UK and Japanese markets, and orders for 200 blades have already been placed. There are also ambitions for exploring the US market in the coming years.”
In Europe, almost 8,900 MW (8.9.GW) worth of new wind turbines brought total wind power generation capacity up to nearly 66,000 MW (66 GW). This makes wind power the leading power source for new generation capacity, according to the European Wind Energy Association (EWEA). While in the past, European growth was primarily spurred by the established markets in Germany, Spain and Denmark, 2008 saw a much more balanced expansion, led by France, the UK and Italy.
“The European figures show that wind energy is the undisputed number one choice in Europe’s efforts to move towards clean, indigenous renewable power”, said Christian Kjaer, CEO of EWEA. “Wind energy is an example of an intelligent investment that puts EU citizens’ money to work in their own economies rather than transferring it to a handful of fuel-exporting nations”, commented Kjaer. “Investing in wind energy means supporting technology leadership, climate protection, energy independence, commercial opportunities and jobs.”
“We’re on track to meeting our target of saving 1.5 billion tons of CO2 per year by 2020”, concluded Steve Sawyer, “but we need a strong, global signal from governments that they are serious about moving away from fossil fuels and protecting the climate. As positive outcome to the climate negotiations throughout this year, resulting in a new global agreement in Copenhagen in December, is of fundamental importance and will send the kind of signal that the industry, investors and the finance sector need for wind power to reach its full potential.”
See tables and graphs at http://www.gwec.net/fileadmin/documents/PressReleases/PR_stats_annex_table_2nd_feb_final_final.pdf
GWEC is the voice of the global wind energy sector, bringing together the major national, regional and continental associations and leading wind energy companies. With a over 1,500 organisations, GWEC’s member associations represent the entire wind energy community. Visit www.gwec.net for more information.
AWEA is the national trade association of America’s wind industry, with more than 1,800 member companies, including global leaders in wind power and energy development, wind turbine manufacturing, component and service suppliers, and the world’s largest wind power trade show. AWEA is the voice of wind energy in the U.S., promoting renewable energy to power a cleaner, stronger America. More information on wind energy is available at the AWEA Web site: www.awea.org.
Contacts The Rosen GroupLaura Stevens, (202) 862 4372orGWECAngelika Pullen, (32) 473-947-966angelika.pullen@gwec.net
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/
Thursday, January 29, 2009
World Economic Forum Report: US $ 515 Billion needed in Green Investments
World Economic Forum Report: US $ 515 Billion needed in Green Investments
Davos-Klosters, Switzerland, 29 January 2009 − The World Economic Forum today released the Green Investing: Towards a Clean Energy Infrastructure report. The report outlines the scale of the investments needed to develop a clean energy infrastructure and move to towards a low-carbon economy.
New Energy Finance, which collaborated with the World Economic Forum on the report, warns that unless at least US$ 515 billion per annum is invested in clean energy between now and 2030, carbon emissions will reach a level deemed unsustainable by scientists, causing temperatures to rise by two degrees globally.
The report identifies eight emerging, large-scale clean energy sectors that are expected to significantly contribute in the move to a clean energy infrastructure of the future: onshore wind, offshore wind, solar photovoltaic, solar thermal electricity generation, municipal solar waste-to-energy, sugar-based ethanol, cellulosic and next generation biofuels, and geothermal power.
The report’s authors, Max von Bismarck and Anuradha Gurung from the World Economic Forum, and Chris Greenwood and Michael Liebreich from New Energy Finance, argue that “enormous investment in energy infrastructure is required to address the twin threats of energy insecurity and climate change. In light of the global financial crisis, it is crucial that every dollar is made to ‘multi-task’ to create a sustainable low-carbon economy.”
Clean energy opportunities have the potential to generate significant economic returns. The report shows that even after a tumultuous 2008, an index of the world’s 90 leading clean energy companies had a five-year compounded annualized return of almost 10%, unmatched by the world’s major stock indices.
Other highlights from the report include:• Clean energy investments increased from around US$ 30 billion in 2004 to over US$ 140 billion by 2008. Investments in 2008 exceeded expectations at US$ 155 billion (the report is based on projections for 2008 – which suggests that US$ 142 billion would be invested by year-end).• Investment in clean energy has not only increased, but has also diversified geographically. Developing countries attracted 23% (US$ 26 billion) of asset financing in 2007, compared to 13% (US$ 1.8 billion) in 2004.• In addition, four key enablers for a shift to clean energy will be energy efficiency, smart grids, energy storage, and carbon capture and storage.• Well-developed conditions for innovation, markets for clean energy through public procurement, energy efficiency standards and stable and simple policies are essential to meet the climate change challenge.
Earlier today, speaking at a press conference at the World Economic Forum Annual Meeting 2009, Yvo de Boer, Executive Secretary of the UNFCCC, Connie Hedegaard, Minister of Climate and Energy for Denmark, and Lord Nicholas Stern, among many others – including senior business and NGO representatives and Members of the World Economic Forum’s Global Agenda Council on Climate Change – issued a statement urging the link of the economy and climate agendas in 2009. They warn against complacency in the UN climate talks, due to conclude in December in Copenhagen to replace the Kyoto Protocol.
Their statement suggests using some of the money available from fiscal stimulus packages to invest in activities that can provide jobs as well as create low emission options. They say that linking the economy and climate discussions in this way can create a “diplomatic opportunity” in 2009.
They urge business, governments, experts and civil society groups to come together to design “win-win” projects and collaborations – projects that are good for the economy in the short term and that help to tackle climate change in the longer term. The group calls for this “unprecedented collaboration” to be launched at the World Economic Forum Annual Meeting, and to use 2009 to build this set of projects. They say that this could also help the UN climate talks. The full statement is available here.
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/
Davos-Klosters, Switzerland, 29 January 2009 − The World Economic Forum today released the Green Investing: Towards a Clean Energy Infrastructure report. The report outlines the scale of the investments needed to develop a clean energy infrastructure and move to towards a low-carbon economy.
New Energy Finance, which collaborated with the World Economic Forum on the report, warns that unless at least US$ 515 billion per annum is invested in clean energy between now and 2030, carbon emissions will reach a level deemed unsustainable by scientists, causing temperatures to rise by two degrees globally.
The report identifies eight emerging, large-scale clean energy sectors that are expected to significantly contribute in the move to a clean energy infrastructure of the future: onshore wind, offshore wind, solar photovoltaic, solar thermal electricity generation, municipal solar waste-to-energy, sugar-based ethanol, cellulosic and next generation biofuels, and geothermal power.
The report’s authors, Max von Bismarck and Anuradha Gurung from the World Economic Forum, and Chris Greenwood and Michael Liebreich from New Energy Finance, argue that “enormous investment in energy infrastructure is required to address the twin threats of energy insecurity and climate change. In light of the global financial crisis, it is crucial that every dollar is made to ‘multi-task’ to create a sustainable low-carbon economy.”
Clean energy opportunities have the potential to generate significant economic returns. The report shows that even after a tumultuous 2008, an index of the world’s 90 leading clean energy companies had a five-year compounded annualized return of almost 10%, unmatched by the world’s major stock indices.
Other highlights from the report include:• Clean energy investments increased from around US$ 30 billion in 2004 to over US$ 140 billion by 2008. Investments in 2008 exceeded expectations at US$ 155 billion (the report is based on projections for 2008 – which suggests that US$ 142 billion would be invested by year-end).• Investment in clean energy has not only increased, but has also diversified geographically. Developing countries attracted 23% (US$ 26 billion) of asset financing in 2007, compared to 13% (US$ 1.8 billion) in 2004.• In addition, four key enablers for a shift to clean energy will be energy efficiency, smart grids, energy storage, and carbon capture and storage.• Well-developed conditions for innovation, markets for clean energy through public procurement, energy efficiency standards and stable and simple policies are essential to meet the climate change challenge.
Earlier today, speaking at a press conference at the World Economic Forum Annual Meeting 2009, Yvo de Boer, Executive Secretary of the UNFCCC, Connie Hedegaard, Minister of Climate and Energy for Denmark, and Lord Nicholas Stern, among many others – including senior business and NGO representatives and Members of the World Economic Forum’s Global Agenda Council on Climate Change – issued a statement urging the link of the economy and climate agendas in 2009. They warn against complacency in the UN climate talks, due to conclude in December in Copenhagen to replace the Kyoto Protocol.
Their statement suggests using some of the money available from fiscal stimulus packages to invest in activities that can provide jobs as well as create low emission options. They say that linking the economy and climate discussions in this way can create a “diplomatic opportunity” in 2009.
They urge business, governments, experts and civil society groups to come together to design “win-win” projects and collaborations – projects that are good for the economy in the short term and that help to tackle climate change in the longer term. The group calls for this “unprecedented collaboration” to be launched at the World Economic Forum Annual Meeting, and to use 2009 to build this set of projects. They say that this could also help the UN climate talks. The full statement is available here.
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/
Wednesday, January 28, 2009
Wind Energy Grows by Record 8,300 MW in 2008
Wind Energy Grows by Record 8,300 MW in 2008
Smart policies, stimulus bill needed to maintain momentum in 2009
WASHINGTON---The U.S. wind energy industry shattered all previous records in 2008 by installing 8,358 megawatts (MW) of new generating capacity (enough to serve over 2 million homes), the American Wind Energy Association (AWEA) said today, even as it warned of an uncertain outlook for 2009 due to the continuing financial crisis.
The massive growth in 2008 swelled the nation’s total wind power generating capacity by 50% and channeled an investment of some $17 billion into the economy, positioning wind power as one of the leading sources of new power generation in the country today along with natural gas, AWEA added. At year’s end, however, financing for new projects and orders for turbine components slowed to a trickle and layoffs began to hit the wind turbine manufacturing sector.
“Our numbers are both exciting and sobering,” said AWEA CEO Denise Bode. “The U.S. wind energy industry’s performance in 2008 confirms that wind is an economic and job creation dynamo, ready to deliver on the President’s call to double renewable energy production in three years. At the same time, it is clear that the economic and financial downturn have begun to take a serious toll on new wind development. We are already seeing layoffs in the area where wind’s promise is greatest for our economy: the wind power manufacturing sector. Quick action in the stimulus bill is vital to restore the industry’s momentum and create jobs as we help make our country more secure and leave a more stable climate for our children.”
The new wind projects completed in 2008 account for about 42% of the entire new power-producing capacity added nationally last year, according to initial estimates, and will avoid nearly 44 million tons of carbon emissions, the equivalent of taking over 7 million cars off of the road.
The amount that the industry brought online in the 4th quarter alone - 4112 MW - exceeds annual additions for every year except 2007. In all, wind energy generating capacity in the U.S. now stands at 25,170 MW, producing enough electricity to power the equivalent of close to 7 million households and strengthening our national energy supply with a clean, inexhaustible, homegrown source of energy.
Iowa, with 2,790 MW installed, surpassed California (2,517MW) in wind power generating capacity. The top five states in terms of capacity installed are now:
-Texas, with 7116 MW
-Iowa, with 2790 MW
-California, with 2517 MW
-Minnesota, with 1752 MW
-Washington, with 1375 MW
Oregon moved into the club of states with more than 1,000MW installed, which now counts seven states: Texas, Iowa, California, Minnesota, Washington, Colorado, and Oregon.
About 85,000 people are employed in the wind industry today, up from 50,000 a year ago, and hold jobs in areas as varied as turbine component manufacturing, construction and installation of wind turbines, wind turbine operations and maintenance, legal and marketing services, and more. About 8,000 of these jobs are construction jobs, and a significant number of those will be lost in 2009 if financing for the pipeline of new projects is not quickly restored.
Wind power’s recent growth has also accelerated job creation in manufacturing, where the share of domestically manufactured wind turbine components has grown from under 30% in 2005 to about 50% in 2008. Wind turbine and turbine component manufacturers announced, added or expanded 70 new facilities in the past two years, including over 55 in 2008 alone. Those new manufacturing facilities created 13,000 new direct jobs in 2008. However, because of the recent slowdown in orders, wind turbine and turbine component manufacturers in different parts of the country are beginning to announce layoffs.
“The hope is that provisions such as those included in the House stimulus bill to restore the effectiveness of the tax incentives for renewable energy will quickly become law and provide the capital needed to continue to build projects,” said Bode. “Because wind projects can be built quickly, positive legislation from Congress will have immediate and visible effects. Looking forward, it will also be important for the new Administration and Congress to put in place long-term, supportive renewable energy policies to make the new clean energy economy a reality.”
State-by-state installation information is available at www.awea.org/projects. For more on the policies that are needed see www.newwindagenda.org. For media/satellite availability on Wednesday, January 28, please contact Shawna Seldon, The Rosen Group, (212) 255-7541 or (cell) (917) 971-7852.
About the American Wind Energy Association (AWEA):
AWEA is the national trade association of America’s wind industry, with more than 1,800 member companies, including global leaders in wind power and energy development, wind turbine manufacturing, component and service suppliers, and the world’s largest wind power trade show. AWEA is the voice of wind energy in the U.S., promoting renewable energy to power a cleaner, stronger America. More information on wind energy is available at the AWEA Web site: www.awea.org.
Contacts AWEAJulie Clendenin, 202-384-3090orShawna Seldon, 212-255-7541
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/
Smart policies, stimulus bill needed to maintain momentum in 2009
WASHINGTON---The U.S. wind energy industry shattered all previous records in 2008 by installing 8,358 megawatts (MW) of new generating capacity (enough to serve over 2 million homes), the American Wind Energy Association (AWEA) said today, even as it warned of an uncertain outlook for 2009 due to the continuing financial crisis.
The massive growth in 2008 swelled the nation’s total wind power generating capacity by 50% and channeled an investment of some $17 billion into the economy, positioning wind power as one of the leading sources of new power generation in the country today along with natural gas, AWEA added. At year’s end, however, financing for new projects and orders for turbine components slowed to a trickle and layoffs began to hit the wind turbine manufacturing sector.
“Our numbers are both exciting and sobering,” said AWEA CEO Denise Bode. “The U.S. wind energy industry’s performance in 2008 confirms that wind is an economic and job creation dynamo, ready to deliver on the President’s call to double renewable energy production in three years. At the same time, it is clear that the economic and financial downturn have begun to take a serious toll on new wind development. We are already seeing layoffs in the area where wind’s promise is greatest for our economy: the wind power manufacturing sector. Quick action in the stimulus bill is vital to restore the industry’s momentum and create jobs as we help make our country more secure and leave a more stable climate for our children.”
The new wind projects completed in 2008 account for about 42% of the entire new power-producing capacity added nationally last year, according to initial estimates, and will avoid nearly 44 million tons of carbon emissions, the equivalent of taking over 7 million cars off of the road.
The amount that the industry brought online in the 4th quarter alone - 4112 MW - exceeds annual additions for every year except 2007. In all, wind energy generating capacity in the U.S. now stands at 25,170 MW, producing enough electricity to power the equivalent of close to 7 million households and strengthening our national energy supply with a clean, inexhaustible, homegrown source of energy.
Iowa, with 2,790 MW installed, surpassed California (2,517MW) in wind power generating capacity. The top five states in terms of capacity installed are now:
-Texas, with 7116 MW
-Iowa, with 2790 MW
-California, with 2517 MW
-Minnesota, with 1752 MW
-Washington, with 1375 MW
Oregon moved into the club of states with more than 1,000MW installed, which now counts seven states: Texas, Iowa, California, Minnesota, Washington, Colorado, and Oregon.
About 85,000 people are employed in the wind industry today, up from 50,000 a year ago, and hold jobs in areas as varied as turbine component manufacturing, construction and installation of wind turbines, wind turbine operations and maintenance, legal and marketing services, and more. About 8,000 of these jobs are construction jobs, and a significant number of those will be lost in 2009 if financing for the pipeline of new projects is not quickly restored.
Wind power’s recent growth has also accelerated job creation in manufacturing, where the share of domestically manufactured wind turbine components has grown from under 30% in 2005 to about 50% in 2008. Wind turbine and turbine component manufacturers announced, added or expanded 70 new facilities in the past two years, including over 55 in 2008 alone. Those new manufacturing facilities created 13,000 new direct jobs in 2008. However, because of the recent slowdown in orders, wind turbine and turbine component manufacturers in different parts of the country are beginning to announce layoffs.
“The hope is that provisions such as those included in the House stimulus bill to restore the effectiveness of the tax incentives for renewable energy will quickly become law and provide the capital needed to continue to build projects,” said Bode. “Because wind projects can be built quickly, positive legislation from Congress will have immediate and visible effects. Looking forward, it will also be important for the new Administration and Congress to put in place long-term, supportive renewable energy policies to make the new clean energy economy a reality.”
State-by-state installation information is available at www.awea.org/projects. For more on the policies that are needed see www.newwindagenda.org. For media/satellite availability on Wednesday, January 28, please contact Shawna Seldon, The Rosen Group, (212) 255-7541 or (cell) (917) 971-7852.
About the American Wind Energy Association (AWEA):
AWEA is the national trade association of America’s wind industry, with more than 1,800 member companies, including global leaders in wind power and energy development, wind turbine manufacturing, component and service suppliers, and the world’s largest wind power trade show. AWEA is the voice of wind energy in the U.S., promoting renewable energy to power a cleaner, stronger America. More information on wind energy is available at the AWEA Web site: www.awea.org.
Contacts AWEAJulie Clendenin, 202-384-3090orShawna Seldon, 212-255-7541
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/
Renewable Energy Stocks Sector Close-Up; Investors See Green in North American Stocks as well as German Solar Stocks
Renewable Energy Stocks Sector Close-Up; Investors See Green in North American Stocks as well as German Solar Stocks
POINT ROBERTS, WA —January 28, 2009 - www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on renewable energy stocks trading as of January 27th, 2009.
Sector Close-Up as of Trading Close January 27, 2009:
Akeena Solar Inc. (NASDAQ:AKNS) closed down on the day, but up in after market hours.
Archer-Daniels-Midland Co. (NYSE:ADM) had gains of $0.29.
Canadian Solar Inc. (NasdaqGM: CSIQ) increased $0.12 (2.30%).
Carbon Sciences, Inc. (OTCBB: CABN) closed unchanged on the day.
China Technology Development (NASDAQ: CTDC) closed up $ 0.05 (2.24 %),
Clean Energy Fuels Corp. (NASDAQ:CLNE) closed down $0.02 but up in after hours trading.
Energy Conversion Devices, Inc. (NasdaqNM: ENER) was up $ 0.71 (2.86%) and continued gains in after hours trading.
Evergreen Solar Inc (NASDAQ:ESLR) closed up $0.09 (4.25%).
First Solar, Inc. (NASDAQ: FSLR) had gains of $2.03.
GWS TECHNOLOGIES INC (OTCBB: GWSC) closed down at $0.26.
ICP Solar Technologies Inc. (OTCBB: ICPR) traded up $ 0.02 (15.03%).
Mantra Venture Group Ltd. (OTCBB: MVTG) closed at $0.359.
OriginOil, Inc (OTCBB: OOIL) closed up $0.01 (2.78%).
SunPower Corporation (NasdaqGS: SPWRA) had gains of $0.75 (2.60%).
Suntech Power Holdings Co. Ltd. (NYSE: STP) moved up $0.55 (6.21%).
Sustainable Energy Technologies Ltd (TSX.V: STG) closed unchanged.
Westport Innovations Inc. (WPT.TO) was up $ 0.03 (0.45%)
Yingli Green Energy (NYSE: YGE) closed up $0.06 (1.14%) and another $0.12 (2.25%) after hours.
XsunX Inc. (OTCBB: XSNXE) closed at $0.175.
German solar stocks saw gains with: Phoenix Solar AG (PS4 GY) up 11%,
Q-Cells SE (QCE GY) up 4.3 percent to 19.93 euro and Solarworld AG (SWV GY) gaining 7.3 % 16.27 euros.
Investor Ideas solar expert J. Peter Lynch noted, “German solar stocks showed some life yesterday after two of the strongest German PV companies Q-Cells and Solarworld confirmed strong outlooks for 2009. Both companies are close to giving technical buy signals, especially Solarworld, which is close to breaking through upside resistance. I consider both of these companies to be the leaders of the German PV industry group.”
Read Renewable and Solar Energy Perspectives with J. Peter Lynch http://www.renewableenergystocks.com/PL/
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Featured Showcase Renewable Energy Stocks:
XsunX Inc.: (OTCBB: XSNX)
Recent News: XsunX Announces Sales Contract to Supply 4 Megawatts of its ASI-120 Thin Film Solar Modules
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/
OriginOil, Inc: (OTCBB: OOIL)
Watch video: CEO Riggs Eckelberry discusses algae as a reliable source for biofuel production and its future under a new administration. “This is the beginning of a new industry for investors he comments.”
http://www.emergingcompany.com/volume13week3f.htm
OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world's oil and gas is made up of ancient algae deposits. Today, our technology will produce "new oil" from algae, through a cost-effective, high-speed manufacturing process. This endless supply of new oil can be used for many products such as diesel, gasoline, jet fuel, plastics and solvents without the global warming effects of petroleum. Other oil producing feedstock such as corn and sugarcane often destroy vital farmlands and rainforests, disrupt global food supplies and create new environmental problems. Our unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies. http://www.investorideas.com/CO/OOIL/Default.asp and www.originoil.com.
Carbon Sciences, Inc. (OTCBB: CABN)
Recent news: Carbon Sciences Readies for Growth as Obama Inauguration Marks Dramatic Shift in U.S. Policy and Federal Support for Renewable Energy
Carbon Sciences, Inc. is developing a breakthrough technology to transform carbon dioxide (CO2) emissions into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other portable fuels. Innovating at the intersection of chemical engineering and bio-engineering disciplines, we are developing a highly scalable biocatalytic process to meet the fuel needs of the world. Company Showcase Profile page: http://www.investorideas.com/co/cabn/ and http://www.carbonsciences.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy Stocks Directory:
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the complete renewable energy stocks directory. Learn more: http://www.investorideas.com/membership/
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. Disclosure: www.InvestorIdeas.com/About/Disclaimer.asp
Compensation disclosure for XSNX, CABN, OOIL, MVTG:
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, XsunX, OriginOil, Inc, Carbon Sciences, Inc
POINT ROBERTS, WA —January 28, 2009 - www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on renewable energy stocks trading as of January 27th, 2009.
Sector Close-Up as of Trading Close January 27, 2009:
Akeena Solar Inc. (NASDAQ:AKNS) closed down on the day, but up in after market hours.
Archer-Daniels-Midland Co. (NYSE:ADM) had gains of $0.29.
Canadian Solar Inc. (NasdaqGM: CSIQ) increased $0.12 (2.30%).
Carbon Sciences, Inc. (OTCBB: CABN) closed unchanged on the day.
China Technology Development (NASDAQ: CTDC) closed up $ 0.05 (2.24 %),
Clean Energy Fuels Corp. (NASDAQ:CLNE) closed down $0.02 but up in after hours trading.
Energy Conversion Devices, Inc. (NasdaqNM: ENER) was up $ 0.71 (2.86%) and continued gains in after hours trading.
Evergreen Solar Inc (NASDAQ:ESLR) closed up $0.09 (4.25%).
First Solar, Inc. (NASDAQ: FSLR) had gains of $2.03.
GWS TECHNOLOGIES INC (OTCBB: GWSC) closed down at $0.26.
ICP Solar Technologies Inc. (OTCBB: ICPR) traded up $ 0.02 (15.03%).
Mantra Venture Group Ltd. (OTCBB: MVTG) closed at $0.359.
OriginOil, Inc (OTCBB: OOIL) closed up $0.01 (2.78%).
SunPower Corporation (NasdaqGS: SPWRA) had gains of $0.75 (2.60%).
Suntech Power Holdings Co. Ltd. (NYSE: STP) moved up $0.55 (6.21%).
Sustainable Energy Technologies Ltd (TSX.V: STG) closed unchanged.
Westport Innovations Inc. (WPT.TO) was up $ 0.03 (0.45%)
Yingli Green Energy (NYSE: YGE) closed up $0.06 (1.14%) and another $0.12 (2.25%) after hours.
XsunX Inc. (OTCBB: XSNXE) closed at $0.175.
German solar stocks saw gains with: Phoenix Solar AG (PS4 GY) up 11%,
Q-Cells SE (QCE GY) up 4.3 percent to 19.93 euro and Solarworld AG (SWV GY) gaining 7.3 % 16.27 euros.
Investor Ideas solar expert J. Peter Lynch noted, “German solar stocks showed some life yesterday after two of the strongest German PV companies Q-Cells and Solarworld confirmed strong outlooks for 2009. Both companies are close to giving technical buy signals, especially Solarworld, which is close to breaking through upside resistance. I consider both of these companies to be the leaders of the German PV industry group.”
Read Renewable and Solar Energy Perspectives with J. Peter Lynch http://www.renewableenergystocks.com/PL/
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Featured Showcase Renewable Energy Stocks:
XsunX Inc.: (OTCBB: XSNX)
Recent News: XsunX Announces Sales Contract to Supply 4 Megawatts of its ASI-120 Thin Film Solar Modules
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/
OriginOil, Inc: (OTCBB: OOIL)
Watch video: CEO Riggs Eckelberry discusses algae as a reliable source for biofuel production and its future under a new administration. “This is the beginning of a new industry for investors he comments.”
http://www.emergingcompany.com/volume13week3f.htm
OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum. Much of the world's oil and gas is made up of ancient algae deposits. Today, our technology will produce "new oil" from algae, through a cost-effective, high-speed manufacturing process. This endless supply of new oil can be used for many products such as diesel, gasoline, jet fuel, plastics and solvents without the global warming effects of petroleum. Other oil producing feedstock such as corn and sugarcane often destroy vital farmlands and rainforests, disrupt global food supplies and create new environmental problems. Our unique technology, based on algae, is targeted at fundamentally changing our source of oil without disrupting the environment or food supplies. http://www.investorideas.com/CO/OOIL/Default.asp and www.originoil.com.
Carbon Sciences, Inc. (OTCBB: CABN)
Recent news: Carbon Sciences Readies for Growth as Obama Inauguration Marks Dramatic Shift in U.S. Policy and Federal Support for Renewable Energy
Carbon Sciences, Inc. is developing a breakthrough technology to transform carbon dioxide (CO2) emissions into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other portable fuels. Innovating at the intersection of chemical engineering and bio-engineering disciplines, we are developing a highly scalable biocatalytic process to meet the fuel needs of the world. Company Showcase Profile page: http://www.investorideas.com/co/cabn/ and http://www.carbonsciences.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy Stocks Directory:
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the complete renewable energy stocks directory. Learn more: http://www.investorideas.com/membership/
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. Disclosure: www.InvestorIdeas.com/About/Disclaimer.asp
Compensation disclosure for XSNX, CABN, OOIL, MVTG:
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, XsunX, OriginOil, Inc, Carbon Sciences, Inc
Tuesday, January 27, 2009
Ocean Power Technologies and Lockheed Martin Announce Collaboration for Utility Wave Power Project
Ocean Power Technologies and Lockheed Martin Announce Collaboration for Utility Wave Power Project
MOORESTOWN, N.J. and PENNINGTON, N.J., - Lockheed Martin (NYSE: LMT) and Ocean Power Technologies, Inc. (OPT) (Nasdaq: OPTT) and London Stock Exchange AIM: OPT) announced they have signed a letter of intent to collaborate in the development of a utility-scale wave power generation project in North America.
Lockheed Martin and OPT intend to enter into an agreement under which OPT would provide its project and site development expertise, build the power take-off and control systems of the plant, and provide its proprietary PowerBuoy(R) technology. Lockheed Martin would provide construction, systems integration and deployment of the plant, as well as operations and maintenance services.
This is the first agreement between the two companies for a utility-scale renewable energy project and builds on their previous work together on systems for U.S. homeland security and maritime surveillance consisting of OPT's unique autonomous PowerBuoy integrated with Lockheed Martin's advanced acoustic sensors, signal processing and communications systems.
OPT's PowerBuoy wave generation system uses a "smart" buoy to capture and convert wave energy into low-cost, clean electricity. The generated power is transmitted ashore via an underwater power cable. The prospective wave power project between Lockheed Martin and OPT is expected to be off the coasts of either California or Oregon.
Dr. George W. Taylor, Chief Executive Officer of OPT, said "We are pleased to announce these plans to work with Lockheed Martin to pursue a utility-scale power station using our PowerBuoy technology. This collaboration will serve to draw on the key strengths of each company, and leverage our respective commitments to renewable energy as both the U.S. federal and state governments increase their investment in the sector. We believe that our existing and prospective customers will highly value the combined innovation and execution capability this match brings to the marketplace."
"This agreement is another step in Lockheed Martin's effort to support our national security through energy independence built around zero-emission renewable energy sources," said Howard Luebcke, Lockheed Martin director of Renewable Energy Business Development. "The depth and breadth of Lockheed Martin's systems engineering, procurement, manufacturing and process improvement capabilities, combined with OPT's innovative PowerBuoy technology and their project development experience, will promote the rapid deployment of utility-scale systems."
In November 2007, Lockheed Martin teamed with Starwood Energy Group to pursue utility solar generation projects in North America and has been pursuing multiple utility-scale opportunities. In December 2008, Lockheed Martin broke ground for construction of a solar power test bed to support these efforts, demonstrating its systems engineering and resources commitment to the renewable power generation market.
About Ocean Power Technologies
Ocean Power Technologies (Nasdaq: OPTT and London Stock Exchange AIM: OPT) is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable, clean, and environmentally-beneficial electricity. OPT has a strong track record in harnessing wave energy and participates in a $150 billion annual power generation equipment market. The Company's proprietary PowerBuoy system is based on modular, ocean-going buoys that capture and convert predictable wave energy into low-cost, clean electricity. The Company is widely recognized as the leading provider of on-grid and autonomous wave-energy generation with its energy systems benefiting from over a decade of in-ocean experience. OPT's technology and systems are insured by Lloyds Underwriters of London. OPT is headquartered in Pennington, New Jersey with offices in Warwick, UK. More information can be found at http://www.oceanpowertechnologies.com.
About Lockheed Martin
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information about Lockheed Martin, visit: http://www.lockheedmartin.com
SOURCE Lockheed Martin
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/
MOORESTOWN, N.J. and PENNINGTON, N.J., - Lockheed Martin (NYSE: LMT) and Ocean Power Technologies, Inc. (OPT) (Nasdaq: OPTT) and London Stock Exchange AIM: OPT) announced they have signed a letter of intent to collaborate in the development of a utility-scale wave power generation project in North America.
Lockheed Martin and OPT intend to enter into an agreement under which OPT would provide its project and site development expertise, build the power take-off and control systems of the plant, and provide its proprietary PowerBuoy(R) technology. Lockheed Martin would provide construction, systems integration and deployment of the plant, as well as operations and maintenance services.
This is the first agreement between the two companies for a utility-scale renewable energy project and builds on their previous work together on systems for U.S. homeland security and maritime surveillance consisting of OPT's unique autonomous PowerBuoy integrated with Lockheed Martin's advanced acoustic sensors, signal processing and communications systems.
OPT's PowerBuoy wave generation system uses a "smart" buoy to capture and convert wave energy into low-cost, clean electricity. The generated power is transmitted ashore via an underwater power cable. The prospective wave power project between Lockheed Martin and OPT is expected to be off the coasts of either California or Oregon.
Dr. George W. Taylor, Chief Executive Officer of OPT, said "We are pleased to announce these plans to work with Lockheed Martin to pursue a utility-scale power station using our PowerBuoy technology. This collaboration will serve to draw on the key strengths of each company, and leverage our respective commitments to renewable energy as both the U.S. federal and state governments increase their investment in the sector. We believe that our existing and prospective customers will highly value the combined innovation and execution capability this match brings to the marketplace."
"This agreement is another step in Lockheed Martin's effort to support our national security through energy independence built around zero-emission renewable energy sources," said Howard Luebcke, Lockheed Martin director of Renewable Energy Business Development. "The depth and breadth of Lockheed Martin's systems engineering, procurement, manufacturing and process improvement capabilities, combined with OPT's innovative PowerBuoy technology and their project development experience, will promote the rapid deployment of utility-scale systems."
In November 2007, Lockheed Martin teamed with Starwood Energy Group to pursue utility solar generation projects in North America and has been pursuing multiple utility-scale opportunities. In December 2008, Lockheed Martin broke ground for construction of a solar power test bed to support these efforts, demonstrating its systems engineering and resources commitment to the renewable power generation market.
About Ocean Power Technologies
Ocean Power Technologies (Nasdaq: OPTT and London Stock Exchange AIM: OPT) is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable, clean, and environmentally-beneficial electricity. OPT has a strong track record in harnessing wave energy and participates in a $150 billion annual power generation equipment market. The Company's proprietary PowerBuoy system is based on modular, ocean-going buoys that capture and convert predictable wave energy into low-cost, clean electricity. The Company is widely recognized as the leading provider of on-grid and autonomous wave-energy generation with its energy systems benefiting from over a decade of in-ocean experience. OPT's technology and systems are insured by Lloyds Underwriters of London. OPT is headquartered in Pennington, New Jersey with offices in Warwick, UK. More information can be found at http://www.oceanpowertechnologies.com.
About Lockheed Martin
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
For additional information about Lockheed Martin, visit: http://www.lockheedmartin.com
SOURCE Lockheed Martin
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/
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