Renewable Energy Stocks Sector Close-Up on Geothermal Stocks; SPX Corporation Heats Up Geothermal Sector with $100 Million Icelandic Utility Supply Agreement
POINT ROBERTS, WA and DELTA, BC June 5, 2008, www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on Geothermal stocks and why the sector is heating up.
According to the US Department of Energy online, “Direct use of geothermal energy in homes and commercial operations is much less expensive than using traditional fuels. Savings can be as much as 80% over fossil fuels. Direct use is also very clean, producing only a small percentage (and in many cases none) of the air pollutants emitted by burning fossil fuels.”
Geothermal Stocks Sector Close-Up
SPX Corporation (NYSE: SPW) recently announced its thermal equipment and services business has agreed to supply critical components worth approximately $100 million to Orkuveita Reykjavikur (OR), an Iceland utility. The announcement was made at a formal ceremony at the Hellisheidi geothermal power plant in Iceland on Friday, May 30, 2008.
"Our products will help create one of the most modern and efficient geothermal facilities in the world," said Drew Ladau, President of SPX Thermal Equipment and Services. "Iceland is a world leader in geothermal power generation and we're pleased to play a role in helping build their energy infrastructure."
Calpine Corporation (NYSE: CPN) recently rejected NRG Energy Inc.'s proposed all-stock merger, valued at $9.56 billion, as inadequate. Calpine, a major U.S. power company owns, leases, and operates low-carbon, natural gas-fueled, and renewable geothermal power plants.
Essential Innovations Technology Corp. (OTCBB: ESIV) recently announced that the Company has signed on with a number of agents for product representation, having exclusive or non-exclusive right to the ESIV product- line in North America and certain parts of Asia, while it further states that it has additionally engaged with other parties under corporate representation agreements for the promotion and execution of overall business and financing objectives.
Nevada Geothermal Power, Inc. (CDNX: NGP.V; OTCBB: NGLPF) was up 0.15 (13.39%) on trading June 4th on news that Ross Glanville, B.A.Sc., P. Eng., MBA, has been appointed to NGP's Board of Directors. Mr. Glanville has over 35 years experience in mining, exploration, finance, marketing and management, with 20 years experience in senior executive positions within major and junior mining companies.Mr. Glanville has been director, president, and founder of public companies (listed on the Toronto Stock Exchange, NASDAQ, Australian Stock Exchange, and TSX Venture Exchange) involved in mine operations, research and development, and exploration for a wide variety of mineral commodities.
Ormat Technologies Inc. (NYSE: ORA) with a 52 week range of $33.52 - $57.93, closed at $51.24 as of trading close June 4th.
Sierra Geothermal Power Corp (TSX.V:SRA) issued news on June 3rd, with results of an independent report by GeothermEx Inc. which significantly increases the resource estimate on its Barren Hills project in Lyon County, Nevada. GeothermEx estimates a 90% probability (confidence level) of generating at least 55 megawatts and a 50% probability that the reserve can support a plant of 117 megawatts.
US Geothermal (Amex: HTM, TSX: GTH) closed up 0.05 (1.89%).
LSB Industries, Inc. (AMEX: LXU) recently announced that it has again been named to Business Week’s annual list of Hot Growth Companies. LSB’s principal business activities consist of the manufacture and sale of commercial and residential climate control products, such as geothermal and water source heat pumps.
For investors following the sector, Renewableenergystocks.com features a global directory of publicly traded geothermal stocks at: http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp.
About Featured Geoexchange Showcase Company:
Essential Innovations Technology Corp. (OTCBB: ESIV - FRANKFURT: E6S) provides cutting-edge Geoexchange solutions for residential, commercial and industrial applications as both a manufacturer of proprietary geothermal heat pump technology and as a Geoexchange energy service company. The Company was incorporated in April 2001, and it has four wholly owned subsidiaries located in British Columbia, Canada and in Hong Kong, SAR, and China.
More info can be found on the Investorideas.com Showcase page at: http://www.investorideas.com/CO/ESIV/Default.asp
About Our Green Investor Portals:
Www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of global stocks within the renewable energy sector.
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. Essential Innovations Technology compensates Investorideas.com as a showcase company with 375,000 144 shares for a 3 month period.
Disclosure: www.InvestorIdeas.com/About/Disclaimer.asp , http://www.investorideas.com/About/News/Clientspecifics.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, Essential Innovations
Get insight into cleantech and renewable energy stocks with news and the cleantech and climate change podcast. This blog is part of www.investorideas.com cleantech investor content .
Thursday, June 05, 2008
Tuesday, June 03, 2008
Clear Skies Solar Shines on Planet Green's Greenovate Program
Clear Skies Solar Shines on Planet Green's Greenovate Program
NEW YORK, Clear Skies Solar, Inc. (OTCBB: CSKH), a leading provider of turnkey solar electricity installations and renewable energy solutions, will shed light on the many benefits of solar energy on Planet Green’s new Greenovate program Saturday, June 7 – only days after the launch of the network itself.
The documentary-style show follows “greenovators” – or homeowners – as they make their houses environmentally friendly by implementing “green” designs and features from energy efficient appliances to residential-scale photovoltaic systems.
The episode followed Clear Skies Solar as they, in fewer than four hours, installed a residential solar system, which included upgrading the existing service panel from 100 amps to 200 amps in order to accommodate the new system.
Ezra Green, Chief Executive Officer and Chairman of Clear Skies Solar (CSS) is featured in the episode as a solar energy expert explaining to viewers, while perched atop the homeowner’s roof, the many financial and environmental benefits of solar power, including the homeowner’s anticipated annual savings of nearly 40% on energy bills.
“CSS’s participation in this project was truly exhilarating,” said Green. “It was a privilege to work with such a highly-revered company as Discovery Corp. to produce this forward-thinking show for such a unique and pioneering channel as Planet Green. We’re proud to be a part of this network in its infancy and hope all the viewers enjoy this episode as much as we enjoyed participating in it.”
This episode of Greenovate first premiered on The Learning Channel (TLC) last month as a teaser for Planet Green, the first and only 24-hour eco-lifestyle network launching this week (Wednesday, June 4).
“In addition to supporting the movement among homeowners transitioning from traditional energy to solar energy, our intention with Greenovate was to also educate Americans on the infinite benefits of this energy option,” added Green.
To view Clear Skies Solar in the upcoming Greenovate episode tune in on Saturday, June 7. Find your local area listing at http://planetgreen.channelfinder.net/.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
Clear Skies Holdings, Inc. is a featured Company on Investorideas.com Green portals.
For full details, click here: http://www.renewableenergystocks.com/CO/CSG/Default.asp
Contact:
for Clear Skies Solar
Avalanche Strategic Communications
Laura Finlayson, 201-488-0049 (Media Inquiries)
laura@avalanchepr.com
or
PR Financial Marketing
Jim Blackman, 713-256-0369 (Investor Relations)
jim@prfmonline.com
Source: Clear Skies Solar, Inc.
NEW YORK, Clear Skies Solar, Inc. (OTCBB: CSKH), a leading provider of turnkey solar electricity installations and renewable energy solutions, will shed light on the many benefits of solar energy on Planet Green’s new Greenovate program Saturday, June 7 – only days after the launch of the network itself.
The documentary-style show follows “greenovators” – or homeowners – as they make their houses environmentally friendly by implementing “green” designs and features from energy efficient appliances to residential-scale photovoltaic systems.
The episode followed Clear Skies Solar as they, in fewer than four hours, installed a residential solar system, which included upgrading the existing service panel from 100 amps to 200 amps in order to accommodate the new system.
Ezra Green, Chief Executive Officer and Chairman of Clear Skies Solar (CSS) is featured in the episode as a solar energy expert explaining to viewers, while perched atop the homeowner’s roof, the many financial and environmental benefits of solar power, including the homeowner’s anticipated annual savings of nearly 40% on energy bills.
“CSS’s participation in this project was truly exhilarating,” said Green. “It was a privilege to work with such a highly-revered company as Discovery Corp. to produce this forward-thinking show for such a unique and pioneering channel as Planet Green. We’re proud to be a part of this network in its infancy and hope all the viewers enjoy this episode as much as we enjoyed participating in it.”
This episode of Greenovate first premiered on The Learning Channel (TLC) last month as a teaser for Planet Green, the first and only 24-hour eco-lifestyle network launching this week (Wednesday, June 4).
“In addition to supporting the movement among homeowners transitioning from traditional energy to solar energy, our intention with Greenovate was to also educate Americans on the infinite benefits of this energy option,” added Green.
To view Clear Skies Solar in the upcoming Greenovate episode tune in on Saturday, June 7. Find your local area listing at http://planetgreen.channelfinder.net/.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
Clear Skies Holdings, Inc. is a featured Company on Investorideas.com Green portals.
For full details, click here: http://www.renewableenergystocks.com/CO/CSG/Default.asp
Contact:
for Clear Skies Solar
Avalanche Strategic Communications
Laura Finlayson, 201-488-0049 (Media Inquiries)
laura@avalanchepr.com
or
PR Financial Marketing
Jim Blackman, 713-256-0369 (Investor Relations)
jim@prfmonline.com
Source: Clear Skies Solar, Inc.
eSolar and Southern California Edison to Produce 245 MW of Solar Power Series of Pre-Fab Solar Plants
eSolar and Southern California Edison to Produce 245 MW of Solar Power Series of Pre-Fab Solar Plants To Provide Clean Electricity to Communities in Southern California
PASADENA, Calif.--June 3 2008 --Today, eSolar™, a producer of scalable solar thermal power plants, announced that it has signed a power purchase agreement with Southern California Edison (SCE) to build a total of 245 megawatts (MW) of concentrating solar plants in the Antelope Valley region of Southern California. The series of fully operational plants will begin production in 2011.
“SCE is committed to providing renewable energy generation at competitive costs – to this end, we review all of the possible sources to meet the growing demand for clean power,” said Stuart Hemphill, SCE vice president, Renewable and Alternative Power. “eSolar’s proposed solar projects promise to be modular, scalable, and easily and rapidly deployed. SCE is excited about the prospects of eSolar’s unique solar technology and the potential benefits it can bring for our customers.”
On the heels of its $130 million funding round in April led by Idealab, Google.org, and Oak Investment Partners, eSolar is aggressively pursuing a novel approach to large or utility-scale solar projects. Leveraging a proprietary combination of optics and software in a pre-fabricated form factor, eSolar achieves economies of scale with a modular design that focuses on the key business obstacles that have characterized large solar installations – price, scalability, speed of deployment and grid impact.
“eSolar’s proprietary approach to solar thermal generation can be designed to meet the needs of utilities large and small – a smarter-sized footprint and variable configurations ensure power can be delivered where it is needed most,” said Asif Ansari, CEO of eSolar. “We are proud to be supporting SCE in its commitment to delivering clean, reliable electricity to its customers.”
About eSolar
eSolar is an Idealab company founded by CEO Asif Ansari in 2007 to develop, construct and deploy modular, scalable solar thermal power plants. eSolar’s approach marries a low-impact, pre-fabricated form factor with advanced optics and computer software engineering to meet the demands of utilities of any size for clean, renewable and cost-competitive solar energy. By focusing on the key business obstacles that have characterized large solar installations – price, scalability, speed of deployment and grid impact – eSolar has developed a proprietary solution to make a dramatic reduction in the cost of solar thermal technology. eSolar is based in Pasadena, California and has 76 employees. For more information please visit http://www.esolar.com/.
About Southern California Edison
An Edison International (NYSE:EIX) company, Southern California Edison is the largest electric utility in California, serving a population of more than 13 million via 4.8 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
Contacts Antenna Group for eSolarCasey Cronin, 415-977-1912casey@antennagroup.comorSouthern California EdisonVanessa McGrady, 626-302-2255vanessa.mcgrady@sce.com
PASADENA, Calif.--June 3 2008 --Today, eSolar™, a producer of scalable solar thermal power plants, announced that it has signed a power purchase agreement with Southern California Edison (SCE) to build a total of 245 megawatts (MW) of concentrating solar plants in the Antelope Valley region of Southern California. The series of fully operational plants will begin production in 2011.
“SCE is committed to providing renewable energy generation at competitive costs – to this end, we review all of the possible sources to meet the growing demand for clean power,” said Stuart Hemphill, SCE vice president, Renewable and Alternative Power. “eSolar’s proposed solar projects promise to be modular, scalable, and easily and rapidly deployed. SCE is excited about the prospects of eSolar’s unique solar technology and the potential benefits it can bring for our customers.”
On the heels of its $130 million funding round in April led by Idealab, Google.org, and Oak Investment Partners, eSolar is aggressively pursuing a novel approach to large or utility-scale solar projects. Leveraging a proprietary combination of optics and software in a pre-fabricated form factor, eSolar achieves economies of scale with a modular design that focuses on the key business obstacles that have characterized large solar installations – price, scalability, speed of deployment and grid impact.
“eSolar’s proprietary approach to solar thermal generation can be designed to meet the needs of utilities large and small – a smarter-sized footprint and variable configurations ensure power can be delivered where it is needed most,” said Asif Ansari, CEO of eSolar. “We are proud to be supporting SCE in its commitment to delivering clean, reliable electricity to its customers.”
About eSolar
eSolar is an Idealab company founded by CEO Asif Ansari in 2007 to develop, construct and deploy modular, scalable solar thermal power plants. eSolar’s approach marries a low-impact, pre-fabricated form factor with advanced optics and computer software engineering to meet the demands of utilities of any size for clean, renewable and cost-competitive solar energy. By focusing on the key business obstacles that have characterized large solar installations – price, scalability, speed of deployment and grid impact – eSolar has developed a proprietary solution to make a dramatic reduction in the cost of solar thermal technology. eSolar is based in Pasadena, California and has 76 employees. For more information please visit http://www.esolar.com/.
About Southern California Edison
An Edison International (NYSE:EIX) company, Southern California Edison is the largest electric utility in California, serving a population of more than 13 million via 4.8 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
Contacts Antenna Group for eSolarCasey Cronin, 415-977-1912casey@antennagroup.comorSouthern California EdisonVanessa McGrady, 626-302-2255vanessa.mcgrady@sce.com
Monday, June 02, 2008
ZAP Acquires Interest in Electric Wheel Motor Company
ZAP Acquires Interest in Electric Wheel Motor Company
SANTA ROSA, CA, Jun 2, 2008 - Electric transportation pioneer ZAP (OTCBB: ZAAP) announced today that it has acquired an ownership interest in an electric motor company to develop and manufacture a new line of wheel motors for future vehicle developments and global distribution.
Under the agreement, ZAP is collaborating and investing in the development of a line of wheel motors for various types of electric vehicles, from an electric bike or scooter to an electric car. ZAP and its partner have also agreed to work together on the optimum process for manufacturing all motors and controllers. ZAP has been granted exclusive rights to the wheel motors under the agreement for international distribution.
"So many have focused on batteries as a way to improve the performance of electric vehicles, but wheel motors are truly a giant leap forward," said Gary Starr, who manages product development for ZAP. "Today's ZAP wheel motor vehicles can nearly double the range of similar vehicles we brought to market ten years ago."
ZAP and their partner expect to increase the power, performance and efficiency of wheel motors through the use of a proprietary, brushless, multi-pole wheel-motor technology. ZAP is developing a 7000-watt wheel motor for larger vehicle applications.
ZAP was one of the first electric vehicle companies to market wheel motor powered vehicles with its ZAPPY3 electric scooter, which uses a 350-watt motor. Last year, ZAP introduced the Zapino scooter with its 3000-watt wheel motor, which ZAP says is one of the most powerful systems available on the market today.
Wheel motors can significantly increase the power-to-weight ratio of electric drivetrains. Having motors built into the wheels decreases the weight, eliminates the transmission, and saves space inside the vehicle for more battery capacity and features. Eliminating a chain or belt transmission increases the efficiency and can result in less noise, vibration and overall maintenance.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=770382
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:
Alex Campbell
ZAP
707-525-8658 x 241
acampbell@zapworld.com
Source: ZAP
SANTA ROSA, CA, Jun 2, 2008 - Electric transportation pioneer ZAP (OTCBB: ZAAP) announced today that it has acquired an ownership interest in an electric motor company to develop and manufacture a new line of wheel motors for future vehicle developments and global distribution.
Under the agreement, ZAP is collaborating and investing in the development of a line of wheel motors for various types of electric vehicles, from an electric bike or scooter to an electric car. ZAP and its partner have also agreed to work together on the optimum process for manufacturing all motors and controllers. ZAP has been granted exclusive rights to the wheel motors under the agreement for international distribution.
"So many have focused on batteries as a way to improve the performance of electric vehicles, but wheel motors are truly a giant leap forward," said Gary Starr, who manages product development for ZAP. "Today's ZAP wheel motor vehicles can nearly double the range of similar vehicles we brought to market ten years ago."
ZAP and their partner expect to increase the power, performance and efficiency of wheel motors through the use of a proprietary, brushless, multi-pole wheel-motor technology. ZAP is developing a 7000-watt wheel motor for larger vehicle applications.
ZAP was one of the first electric vehicle companies to market wheel motor powered vehicles with its ZAPPY3 electric scooter, which uses a 350-watt motor. Last year, ZAP introduced the Zapino scooter with its 3000-watt wheel motor, which ZAP says is one of the most powerful systems available on the market today.
Wheel motors can significantly increase the power-to-weight ratio of electric drivetrains. Having motors built into the wheels decreases the weight, eliminates the transmission, and saves space inside the vehicle for more battery capacity and features. Eliminating a chain or belt transmission increases the efficiency and can result in less noise, vibration and overall maintenance.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=770382
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:
Alex Campbell
ZAP
707-525-8658 x 241
acampbell@zapworld.com
Source: ZAP
Friday, May 30, 2008
Ludlow Energy SmallCap Index
Ludlow Energy SmallCap Index
Small Cap Alt. Energy Index Components
http://www.ludlowenergy.com/indices/historic/smallcap.html
ASTIZ
Ascent Solar Technologies In Wt B Ex 071011
7.08
0.22
19840
3.21%
ABAT
Advanced Battery Technolog I
4.00
0.04
70268
1.01%
AENS
Alternative Energy Sources I Com New
0.06
0.00
14346
0.00%
AKNS
Akeena Solar Inc De
6.64
0.20
717301
3.11%
ARSC
American Sec Res Corp
0.04
0.00
1384605
10.83%
CSKH
Clear Skies Solar, Inc.
1.09
0.02
24420
1.87%
CETH
Convergence Ethanol Inc
0.00
0.00
0
0.00%
CPST
Capstone Turbine Corp
3.81
0.01
2417938
0.26%
BBDS
Better Biodiesel Inc
0.60
0.00
0
0.00%
BIOF
Biofuel Energy Corp
4.42
0.23
14346
5.49%
BFRE
Bluefire Ethanol Fuels Inc
3.80
0.05
4400
1.33%
BSRC
Biosolar Inc
0.44
-0.01
110579
-2.22%
DSTI
Daystar Technologies Inc
3.96
0.06
97149
1.54%
DLSL
Deli Solar Usa Inc
3.05
0.00
0
0.00%
DYMTF
Dynamotive Energy Sys Corp
0.46
-0.00
143950
-0.54%
EBOF
Earth Biofuels Inc
0.04
0.01
2985165
26.67%
ENEI
Ener1 Inc
1.05
0.00
0
0.00%
ENA
Enova Systems Inc Com New
4.45
0.20
29650
4.71%
GRSR
Girasolar Inc
0.08
0.00
0
0.00%
GRGR
Green Energy Resources Inc
0.14
0.00
272
0.00%
HOKU
Hoku Scientific Inc
7.76
0.15
147139
1.97%
HYBT
Hybrid Technologies Inc
0.56
0.00
0
0.00%
HYDG
HydroGen Corporation Comm
0.45
-0.04
107176
-9.14%
HYEG
Hydrogen Engine Ctr Inc
0.48
0.00
0
0.00%
ICPR
Icp Solar Technologies Inc
0.69
-0.01
45295
-0.71%
IESV
Intrepid Technolog & Res Inc Cap Stk
0.01
0.00
0
0.00%
MCEL
Millennium Cell Inc
0.05
0.00
0
0.00%
NWGN
Newgen Technologies Inc
0.00
0.00
150000
100.00%
NGLPF
Nevada Geothermal Power Inc
1.04
-0.04
103301
-4.06%
OEGY
Open Energy Corp
0.29
-0.01
34284
-3.33%
OTD
02diesel Corp
0.18
0.00
0
0.00%
PLUG
Plug Power Inc
3.10
0.01
114496
0.16%
STHK
Startech Environmental Corp
1.01
-0.04
25941
-3.81%
EQST
Energy Quest Inc
1.20
0.00
0
0.00%
WWEN
W2 Energy Inc
0.00
0.00
0
0.00%
WWEI
Welwind Energy International, Inc.
0.06
-0.01
301000
-7.69%
WWAT
Worldwater & Power Corp Com New
0.75
-0.01
687913
-0.66%
XSNX
Xsunx Inc
0.43
0.00
316750
0.23%
Small Cap Alt. Energy Index Components
http://www.ludlowenergy.com/indices/historic/smallcap.html
ASTIZ
Ascent Solar Technologies In Wt B Ex 071011
7.08
0.22
19840
3.21%
ABAT
Advanced Battery Technolog I
4.00
0.04
70268
1.01%
AENS
Alternative Energy Sources I Com New
0.06
0.00
14346
0.00%
AKNS
Akeena Solar Inc De
6.64
0.20
717301
3.11%
ARSC
American Sec Res Corp
0.04
0.00
1384605
10.83%
CSKH
Clear Skies Solar, Inc.
1.09
0.02
24420
1.87%
CETH
Convergence Ethanol Inc
0.00
0.00
0
0.00%
CPST
Capstone Turbine Corp
3.81
0.01
2417938
0.26%
BBDS
Better Biodiesel Inc
0.60
0.00
0
0.00%
BIOF
Biofuel Energy Corp
4.42
0.23
14346
5.49%
BFRE
Bluefire Ethanol Fuels Inc
3.80
0.05
4400
1.33%
BSRC
Biosolar Inc
0.44
-0.01
110579
-2.22%
DSTI
Daystar Technologies Inc
3.96
0.06
97149
1.54%
DLSL
Deli Solar Usa Inc
3.05
0.00
0
0.00%
DYMTF
Dynamotive Energy Sys Corp
0.46
-0.00
143950
-0.54%
EBOF
Earth Biofuels Inc
0.04
0.01
2985165
26.67%
ENEI
Ener1 Inc
1.05
0.00
0
0.00%
ENA
Enova Systems Inc Com New
4.45
0.20
29650
4.71%
GRSR
Girasolar Inc
0.08
0.00
0
0.00%
GRGR
Green Energy Resources Inc
0.14
0.00
272
0.00%
HOKU
Hoku Scientific Inc
7.76
0.15
147139
1.97%
HYBT
Hybrid Technologies Inc
0.56
0.00
0
0.00%
HYDG
HydroGen Corporation Comm
0.45
-0.04
107176
-9.14%
HYEG
Hydrogen Engine Ctr Inc
0.48
0.00
0
0.00%
ICPR
Icp Solar Technologies Inc
0.69
-0.01
45295
-0.71%
IESV
Intrepid Technolog & Res Inc Cap Stk
0.01
0.00
0
0.00%
MCEL
Millennium Cell Inc
0.05
0.00
0
0.00%
NWGN
Newgen Technologies Inc
0.00
0.00
150000
100.00%
NGLPF
Nevada Geothermal Power Inc
1.04
-0.04
103301
-4.06%
OEGY
Open Energy Corp
0.29
-0.01
34284
-3.33%
OTD
02diesel Corp
0.18
0.00
0
0.00%
PLUG
Plug Power Inc
3.10
0.01
114496
0.16%
STHK
Startech Environmental Corp
1.01
-0.04
25941
-3.81%
EQST
Energy Quest Inc
1.20
0.00
0
0.00%
WWEN
W2 Energy Inc
0.00
0.00
0
0.00%
WWEI
Welwind Energy International, Inc.
0.06
-0.01
301000
-7.69%
WWAT
Worldwater & Power Corp Com New
0.75
-0.01
687913
-0.66%
XSNX
Xsunx Inc
0.43
0.00
316750
0.23%
Thursday, May 29, 2008
Cramers Mad Money Wind Index
Cramers mad about wind stocks...
The year of solar may be followed by the year of wind stocks
He has created his own wind Index- a basket of 11 stocks
more info -http://www.cnbc.com/id/24857848
stocks in his index- Trinity (TRN) Otter Tail (OTTR) Owens- Corning (OC)
Woodward Governor (WGOV) Mastec(MTZ) Thomas &Betts (TNB) Kaydon (KDN)
Ameron (AMN) Vestas (VWDRY) Broadwind Energy (OTCBB:BWEN) Clipper Wind Power
(CRPWF) (CWP.L)
also check out our renewable energy stocks directory including wind at -
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
The year of solar may be followed by the year of wind stocks
He has created his own wind Index- a basket of 11 stocks
more info -http://www.cnbc.com/id/24857848
stocks in his index- Trinity (TRN) Otter Tail (OTTR) Owens- Corning (OC)
Woodward Governor (WGOV) Mastec(MTZ) Thomas &Betts (TNB) Kaydon (KDN)
Ameron (AMN) Vestas (VWDRY) Broadwind Energy (OTCBB:BWEN) Clipper Wind Power
(CRPWF) (CWP.L)
also check out our renewable energy stocks directory including wind at -
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
California to Give $1,000 Electric Car Rebates for ZAP Xebra Sedan and Truck
California to Give $1,000 Electric Car Rebates for ZAP Xebra Sedan and Truck
SACRAMENTO, CA., May 29, 2008 - The California Air Resources Board is offering a $1,000 rebate towards the purchase of a Xebra electric car and truck from ZAP (OTCBB: ZAAP).
Both the Xebra electric city car and pickup have passed a full battery of testing and approval requirements by the California Air Resources Board and have been officially approved for the $1,000 cash rebates. To receive a rebate, vehicles must be ARB qualified and pass a range and speed course as well as comply with all federal motor vehicle safety standards, and meet a minimum manufacturer warranty.
"This program alone is enough incentive to stimulate Xebra sales to a whole new level," said ZAP CEO Steve Schneider. "Similar programs in electric car programs in Oregon have helped contribute to the sale of more Xebras. Being the 8th largest economy in the world, this program will be well received by our dealers and Californians."
ZAP says right now many drivers are filling up their gas tank for about $60 dollars, but a Xebra can recharge for as little as 60 cents. Schneider noted that the rebate should cover over 30,000 miles of driving assuming electricity costs of three cents per mile. That could mean several years of not having to pay for fuel.
Schneider says that ZAP has delivered over 700 units of the Xebra as of April. Surging gas prices have sparked an increase in orders from consumers and dealers. ZAP reported a backlog of $6.8 million in Xebra orders, more than sales for all of 2007.
The program is part of $25 million in overall funding that came out of Assembly Bill 1811 -- authored by Speaker Fabian Nunez (D-Los Angeles) and passed in 2007 -- which promotes alternative fuel infrastructure and vehicles. The rebates are available for qualifying vehicles that are purchased until March 31, 2009, or until the funding of the grant runs out.
The design for the Xebra is unique in the auto industry, an affordable all-electric vehicle for city-speed driving up to 40 MPH. Both the sedan and pickup have practical features; the sedan is a four-door with room for four and the truck has a dump bed that can transform into a flatbed. Both were designed in response to skyrocketing gas prices, and work with economical city commuting, small businesses, corporate and government fleets.
The Air Resources Board is a department of the California Environmental Protection Agency. ARB's mission is to promote and protect public health, welfare, and ecological resources through effective reduction of air pollutants while recognizing and considering effects on the economy. The ARB oversees all air pollution control efforts in California to attain and maintain health based air quality standards.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=768654
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:
Alex Campbell
ZAP
707-525-8658 x 241
acampbell@zapworld.com
Source: ZAP
SACRAMENTO, CA., May 29, 2008 - The California Air Resources Board is offering a $1,000 rebate towards the purchase of a Xebra electric car and truck from ZAP (OTCBB: ZAAP).
Both the Xebra electric city car and pickup have passed a full battery of testing and approval requirements by the California Air Resources Board and have been officially approved for the $1,000 cash rebates. To receive a rebate, vehicles must be ARB qualified and pass a range and speed course as well as comply with all federal motor vehicle safety standards, and meet a minimum manufacturer warranty.
"This program alone is enough incentive to stimulate Xebra sales to a whole new level," said ZAP CEO Steve Schneider. "Similar programs in electric car programs in Oregon have helped contribute to the sale of more Xebras. Being the 8th largest economy in the world, this program will be well received by our dealers and Californians."
ZAP says right now many drivers are filling up their gas tank for about $60 dollars, but a Xebra can recharge for as little as 60 cents. Schneider noted that the rebate should cover over 30,000 miles of driving assuming electricity costs of three cents per mile. That could mean several years of not having to pay for fuel.
Schneider says that ZAP has delivered over 700 units of the Xebra as of April. Surging gas prices have sparked an increase in orders from consumers and dealers. ZAP reported a backlog of $6.8 million in Xebra orders, more than sales for all of 2007.
The program is part of $25 million in overall funding that came out of Assembly Bill 1811 -- authored by Speaker Fabian Nunez (D-Los Angeles) and passed in 2007 -- which promotes alternative fuel infrastructure and vehicles. The rebates are available for qualifying vehicles that are purchased until March 31, 2009, or until the funding of the grant runs out.
The design for the Xebra is unique in the auto industry, an affordable all-electric vehicle for city-speed driving up to 40 MPH. Both the sedan and pickup have practical features; the sedan is a four-door with room for four and the truck has a dump bed that can transform into a flatbed. Both were designed in response to skyrocketing gas prices, and work with economical city commuting, small businesses, corporate and government fleets.
The Air Resources Board is a department of the California Environmental Protection Agency. ARB's mission is to promote and protect public health, welfare, and ecological resources through effective reduction of air pollutants while recognizing and considering effects on the economy. The ARB oversees all air pollution control efforts in California to attain and maintain health based air quality standards.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=768654
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
Contact:
Alex Campbell
ZAP
707-525-8658 x 241
acampbell@zapworld.com
Source: ZAP
Tuesday, May 27, 2008
Electric Car Firm ZAP Names New Chairman, Mr. Eqbal Al Yousuf of Dubai
Electric Car Firm ZAP Names New Chairman, Mr. Eqbal Al Yousuf of Dubai
SANTA ROSA, Calif. & DUBAI, United Arab Emirates--May 27 2008 --Electric car pioneer ZAP (OTCBB: ZAAP.OB) today named Mr. Eqbal Al Yousuf Chairman of the 13-year public Company. The effective date of his appointment will be June 2, the day of the next scheduled meeting for the board of directors.
Mr. Eqbal Al Yousuf is President of Dubai's Al Yousuf Group. He was appointed as the President of Al Yousuf Group in 2005. The Al Yousuf Group is a company that over the past 55 years has grown into a leading business conglomerate with operations ranging from Motor Vehicles, Boat Manufacturing, Auto Rental, Real Estate Development, Home Electrical Appliances, Computer Operating Systems, Electronics, Transportation and more. The Al Yousuf Group has proved to be one of the most reputed business groups in the UAE and is now working to become ISO certified in accordance with international standards of quality.
Chairman Emeritus and founder Gary Starr will continue his role with the Company and will remain on its board of directors. Starr co-founded the Company in 1994 and has been instrumental in its overall business development, R&D and product development.
"I feel the timing is right for this," said Starr, a 34-year veteran in electric transportation. "Mr. Eqbal told me that the most important technologies to invest in for the future were electric transportation and water purification. His vision and business experience are welcome just as ZAP begins its next growth phase."
Mr. Al Yousuf has been taking a greater interest in ZAP over the past year. In November, the Al Yousuf Group purchased US$5 million worth of ZAP shares. In December, he also joined ZAP's Board of Directors.
"My staff and I have researched the EV industry and have concluded that ZAP is one of the only pure-play public companies with viable electric vehicles in the marketplace at a time of record gas prices," said Mr. Al Yousuf. "I intend to use all my relationships and resources to ensure the Company will be successful and grow."
"Mr. Al Yousuf is a strong believer in alternative energy and conservation and really wants to make the world a better place," said ZAP CEO Steve Schneider. "He is taking a much stronger interest in the direction of the Company to ensure its ability to deliver vehicles on a global basis. With his relationships throughout the world, Mr. Al Yousuf believes he can make this dream become a reality."
Mr. Al Yousuf is actively involved with numerous social and environmental causes, both at a personal and business level. Mr. Al Yousuf has two Bachelors Degree, one in Computer Science and the other in Economics. He graduated from the University of Minnesota in May 1983. After he graduated he joined his father’s firm as Managing Director and in 1988 he was appointed as Deputy Chairman, Vice Chairman in 2001, and Chief Executive Officer in 2004. Eqbal Al Yousuf is married with four children and his interests include reading, travel and sea sports.
The Al Yousuf Group is involved in a multitude of industries under various subsidiaries. Al Yousuf Group has 18 subsidiaries with branch offices in Abu Dhabi, Al Ain, Cairo, Fujairah, Jeddah, Ras Al Khaimah, Riyadh, and Sharjah, according to The Middle East information resource Zawya (http://zawya.com/cm/profile.cfm/cid489977/).
Al-Yousuf Motors, a member of the Al-Yousuf family, is one of the leading distributors of automobiles and automotive related equipment in the Middle East. The Al Yousuf Group has developed partnerships with many of the world's renowned brand names in Asia, Europe and the USA. A number of these ventures have grown into long-term business relationships. Al Yousuf Motors' portfolio includes Daihatsu vehicles, Daewoo buses, Suzuki motorcycles and outboard engines, Yamaha motorcycles, outboard and marine engines, water vehicles, generators, boats etc.
More about Al Yousuf http://www.zapworld.com/al-yousuf-med.html
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
Vist the Renewable Energy Stocks Media showcase :
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ZAPAlex Campbell, 707-525-8658 x 241acampbell@zapworld.com
SANTA ROSA, Calif. & DUBAI, United Arab Emirates--May 27 2008 --Electric car pioneer ZAP (OTCBB: ZAAP.OB) today named Mr. Eqbal Al Yousuf Chairman of the 13-year public Company. The effective date of his appointment will be June 2, the day of the next scheduled meeting for the board of directors.
Mr. Eqbal Al Yousuf is President of Dubai's Al Yousuf Group. He was appointed as the President of Al Yousuf Group in 2005. The Al Yousuf Group is a company that over the past 55 years has grown into a leading business conglomerate with operations ranging from Motor Vehicles, Boat Manufacturing, Auto Rental, Real Estate Development, Home Electrical Appliances, Computer Operating Systems, Electronics, Transportation and more. The Al Yousuf Group has proved to be one of the most reputed business groups in the UAE and is now working to become ISO certified in accordance with international standards of quality.
Chairman Emeritus and founder Gary Starr will continue his role with the Company and will remain on its board of directors. Starr co-founded the Company in 1994 and has been instrumental in its overall business development, R&D and product development.
"I feel the timing is right for this," said Starr, a 34-year veteran in electric transportation. "Mr. Eqbal told me that the most important technologies to invest in for the future were electric transportation and water purification. His vision and business experience are welcome just as ZAP begins its next growth phase."
Mr. Al Yousuf has been taking a greater interest in ZAP over the past year. In November, the Al Yousuf Group purchased US$5 million worth of ZAP shares. In December, he also joined ZAP's Board of Directors.
"My staff and I have researched the EV industry and have concluded that ZAP is one of the only pure-play public companies with viable electric vehicles in the marketplace at a time of record gas prices," said Mr. Al Yousuf. "I intend to use all my relationships and resources to ensure the Company will be successful and grow."
"Mr. Al Yousuf is a strong believer in alternative energy and conservation and really wants to make the world a better place," said ZAP CEO Steve Schneider. "He is taking a much stronger interest in the direction of the Company to ensure its ability to deliver vehicles on a global basis. With his relationships throughout the world, Mr. Al Yousuf believes he can make this dream become a reality."
Mr. Al Yousuf is actively involved with numerous social and environmental causes, both at a personal and business level. Mr. Al Yousuf has two Bachelors Degree, one in Computer Science and the other in Economics. He graduated from the University of Minnesota in May 1983. After he graduated he joined his father’s firm as Managing Director and in 1988 he was appointed as Deputy Chairman, Vice Chairman in 2001, and Chief Executive Officer in 2004. Eqbal Al Yousuf is married with four children and his interests include reading, travel and sea sports.
The Al Yousuf Group is involved in a multitude of industries under various subsidiaries. Al Yousuf Group has 18 subsidiaries with branch offices in Abu Dhabi, Al Ain, Cairo, Fujairah, Jeddah, Ras Al Khaimah, Riyadh, and Sharjah, according to The Middle East information resource Zawya (http://zawya.com/cm/profile.cfm/cid489977/).
Al-Yousuf Motors, a member of the Al-Yousuf family, is one of the leading distributors of automobiles and automotive related equipment in the Middle East. The Al Yousuf Group has developed partnerships with many of the world's renowned brand names in Asia, Europe and the USA. A number of these ventures have grown into long-term business relationships. Al Yousuf Motors' portfolio includes Daihatsu vehicles, Daewoo buses, Suzuki motorcycles and outboard engines, Yamaha motorcycles, outboard and marine engines, water vehicles, generators, boats etc.
More about Al Yousuf http://www.zapworld.com/al-yousuf-med.html
ZAP is a featured Company on Investorideas.com Green portals, China portal and Tech portal.
Vist the Renewable Energy Stocks Media showcase :
For full details, click here: http://www.renewableenergystocks.com/CO/ZAAP/Default.asp
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, electric, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias. ZAP is also developing a new generation of vehicles using lithium batteries. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
ZAPAlex Campbell, 707-525-8658 x 241acampbell@zapworld.com
Quantum and Asola Awarded $17 Million Solar Module Supply Contract by a Leading German Solar System Supplier
Quantum and Asola Awarded $17 Million Solar Module Supply Contract by a Leading German Solar System Supplier
IRVINE, Calif., May 27 2008 -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced that its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, has won a $17 million contract from Sunworx GmbH, for the supply of high-efficiency silicon photovoltaic solar modules. Sunworx, which is one of the leading solar system suppliers in Germany, will take delivery of these modules in 2008.
"Sunworx is notable for their innovative solutions, consistent growth and long-term business success. Asola is pleased to partner with this dynamic company, as they share our passion for the highest quality and reliability," said Asola's founder and CEO, Reinhard Wecker.
Quantum and Asola have recently announced tripling of solar module production capacity in Germany, by fall 2008. Quantum holds a 25% stake in Asola, and is in discussions towards an expanded partnership. Asola and Quantum have entered into a long-term supply agreement with Ersol Solar Energy AG for the procurement of 155 MW of high-efficiency silicon photovoltaic solar cells, starting in 2008. The Ersol agreement and additional supply contracts with other leading suppliers such as MOTECH and Sunergy guarantee a steady supply of solar cells to Quantum and Asola, thereby avoiding any potential future disruptions due to silicon shortages, as have been recently experienced by the solar cell industry. Resulting sales from these supply agreements are anticipated to generate in excess of US $600 million for Asola and Quantum.
"Demand for peak power is growing at twice the rate as the overall electricity market," commented Alan P. Niedzwiecki, President and CEO of Quantum. "Solar systems are ideally suited to meet local peak power demands, and are increasingly favored by major utility companies to meet their renewable energy portfolio requirements. We believe that Quantum and Asola are well-positioned to meet this demand in Europe as well as to capitalize on the opportunities in California and the rest of North America."
About Quantum:
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to- market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.
Quantum has co-founded a "green American car company" called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics. "Fisker Karma" launched at the Detroit International Auto Show in January, 2008, incorporates an advanced solar-photovoltaic roof designed by Asola. More information is available at http://www.fiskerautomotive.com.
More information can be found about Quantum's products and services at http://www.qtww.com.
About Asola:
Asola Advanced and Automotive Solar Systems GmbH produces and markets high-quality silicon-based photovoltaic modules that comprise 4, 5, 6, or 6+ mono-crystalline or polycrystalline silicon cells. Asola's technologies include high output and high efficiency flat modules for residential and industrial applications, specialized spherical modules for automotive applications and modules for various thin film technologies. More information can be found in http://www.asola-power.com.
Forward Looking Statements
Except for historical information, the statements, expectations, and assumptions contained in the foregoing press release are forward-looking statements. Such forward-looking statements include, but are not limited to, the Company's expectations regarding expected future revenues and operating results; future opportunities for Asola and Quantum; Asola's ability to secure solar cells and fulfill orders in the future; and other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Factors that could cause actual results to differ materially from such forward-looking statements include, among other factors, Asola's ability to expand production, the overall expansion of the solar industry, and general economic conditions. Reference should also be made to the risk factors set forth from time to time in the Company's SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2007. The Company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.
For more information regarding Quantum, please contact:
At the Company: Dale Rasmussen Investor Relations DRasmussen@qtww.com 1-206-315-8242
Dr. Neel Sirosh Chief Technology Officer NSirosh@qtww.com 1-949-399-4698
IRVINE, Calif., May 27 2008 -- Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) today announced that its German solar partner, Asola Advanced and Automotive Solar Systems GmbH, has won a $17 million contract from Sunworx GmbH, for the supply of high-efficiency silicon photovoltaic solar modules. Sunworx, which is one of the leading solar system suppliers in Germany, will take delivery of these modules in 2008.
"Sunworx is notable for their innovative solutions, consistent growth and long-term business success. Asola is pleased to partner with this dynamic company, as they share our passion for the highest quality and reliability," said Asola's founder and CEO, Reinhard Wecker.
Quantum and Asola have recently announced tripling of solar module production capacity in Germany, by fall 2008. Quantum holds a 25% stake in Asola, and is in discussions towards an expanded partnership. Asola and Quantum have entered into a long-term supply agreement with Ersol Solar Energy AG for the procurement of 155 MW of high-efficiency silicon photovoltaic solar cells, starting in 2008. The Ersol agreement and additional supply contracts with other leading suppliers such as MOTECH and Sunergy guarantee a steady supply of solar cells to Quantum and Asola, thereby avoiding any potential future disruptions due to silicon shortages, as have been recently experienced by the solar cell industry. Resulting sales from these supply agreements are anticipated to generate in excess of US $600 million for Asola and Quantum.
"Demand for peak power is growing at twice the rate as the overall electricity market," commented Alan P. Niedzwiecki, President and CEO of Quantum. "Solar systems are ideally suited to meet local peak power demands, and are increasingly favored by major utility companies to meet their renewable energy portfolio requirements. We believe that Quantum and Asola are well-positioned to meet this demand in Europe as well as to capitalize on the opportunities in California and the rest of North America."
About Quantum:
Quantum Fuel Systems Technologies Worldwide, Inc., a fully integrated alternative energy company, is a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles. Quantum's portfolio of technologies includes advanced lithium-ion battery systems, electronic controls, hybrid electric drive systems, hydrogen storage and metering systems and alternative fuel technologies that enable fuel efficient, low emission hybrid, plug-in hybrid electric, fuel cell, and alternative fuel vehicles. Quantum's powertrain engineering, system integration, vehicle manufacturing, and assembly capabilities provide fast-to- market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, alternative fuel, and specialty vehicles, as well as modular, transportable hydrogen refueling stations. Quantum's customer base includes automotive OEMs, fleets, aerospace industry, military and other government entities, and other strategic alliance partners.
Quantum has co-founded a "green American car company" called Fisker Automotive, Inc. Fisker Automotive will offer a range of environmentally friendly premium cars, incorporating Quantum's proprietary high-performance plug-in-hybrid electric vehicle architecture, known as "Q-Drive," into a unique chassis that will enable optimizing the performance and vehicle dynamics. "Fisker Karma" launched at the Detroit International Auto Show in January, 2008, incorporates an advanced solar-photovoltaic roof designed by Asola. More information is available at http://www.fiskerautomotive.com.
More information can be found about Quantum's products and services at http://www.qtww.com.
About Asola:
Asola Advanced and Automotive Solar Systems GmbH produces and markets high-quality silicon-based photovoltaic modules that comprise 4, 5, 6, or 6+ mono-crystalline or polycrystalline silicon cells. Asola's technologies include high output and high efficiency flat modules for residential and industrial applications, specialized spherical modules for automotive applications and modules for various thin film technologies. More information can be found in http://www.asola-power.com.
Forward Looking Statements
Except for historical information, the statements, expectations, and assumptions contained in the foregoing press release are forward-looking statements. Such forward-looking statements include, but are not limited to, the Company's expectations regarding expected future revenues and operating results; future opportunities for Asola and Quantum; Asola's ability to secure solar cells and fulfill orders in the future; and other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management. Such statements are subject to a number of risks and uncertainties, and actual results could differ materially from those discussed in any forward-looking statement. Factors that could cause actual results to differ materially from such forward-looking statements include, among other factors, Asola's ability to expand production, the overall expansion of the solar industry, and general economic conditions. Reference should also be made to the risk factors set forth from time to time in the Company's SEC reports, including but not limited to those contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2007. The Company does not undertake to update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.
For more information regarding Quantum, please contact:
At the Company: Dale Rasmussen Investor Relations DRasmussen@qtww.com 1-206-315-8242
Dr. Neel Sirosh Chief Technology Officer NSirosh@qtww.com 1-949-399-4698
Environmental Protection Online Media Coverage
Oil Prices Up; Renewable Energy?
http://www.eponline.com/articles/63179/
May 26, 2008
An Internet-based investor news and research portal, www.RenewableEnergyStocks.com, on May 21 presented a sector close-up on recent developments in renewable energy stocks as oil continues to set record highs.
• Geothermal stock, Essential Innovations Technology Corp. announced it has successfully closed and funded a financing in the form of a convertible secured note in the amount of $1,750,000.
• Rotoblock Inc. recently announced it will acquire controlling interest in Hikom Gottell Corp.for $25 million. The US-China venture intends to develop and manufacture small engines, air-conditioning systems, and other consumer and industrial equipment.
• XsunX, Inc. a solar technology company, announced it has signed an agreement with Praxair, Inc.for the supply of bulk industrial gases for its new multi-megawatt thin film photovoltaic solar manufacturing facility near Portland, Ore.
• Electric vehicle pioneer ZAP announced that Dubai's Al Yousuf Group has completed a transaction to purchase a convertible debt that was part of a private placement registration from October 2007.ZAP closed trading at $1.18 on 2,532,983 shares.
• Ascent Solar Technologies, Inc. announced that the underwriters of its public offering exercised their over-allotment option to purchase an additional 570,000 shares of its common stock at $14.00 per share.
• The Chicago Board Options Exchange launched trading in options on Market Vectors-Solar Energy ETF, an exchange-traded fund.
• Solarfun Power Holdings, a manufacturer of silicon ingots and photovoltaic (PV) cells and modules in China, reported its unaudited financial results for the first quarter ended March 31, 2008 with Net revenue of $171 million, an increase of 529 percent from the fourth quarter of 2007. Solarfun traded 30,416,457 shares and was up 4.99 percent.
• Publicly traded Suzlon Energy Limited, based in Mumbai, India, the world's fifth leading wind turbine maker with 10.5 percent of global market share, announced results for the financial year ended March 31, 2008, reporting 71 percent growth in revenues.
• Fuel Tech, Inc. announced receipt of a $4.6 million contract for the supply and installation of NOxOUT® Selective Non-Catalytic Reduction technology on two newly constructed 600 megawatt coal-fired boilers in the People's Republic of China.
http://www.eponline.com/articles/63179/
May 26, 2008
An Internet-based investor news and research portal, www.RenewableEnergyStocks.com, on May 21 presented a sector close-up on recent developments in renewable energy stocks as oil continues to set record highs.
• Geothermal stock, Essential Innovations Technology Corp. announced it has successfully closed and funded a financing in the form of a convertible secured note in the amount of $1,750,000.
• Rotoblock Inc. recently announced it will acquire controlling interest in Hikom Gottell Corp.for $25 million. The US-China venture intends to develop and manufacture small engines, air-conditioning systems, and other consumer and industrial equipment.
• XsunX, Inc. a solar technology company, announced it has signed an agreement with Praxair, Inc.for the supply of bulk industrial gases for its new multi-megawatt thin film photovoltaic solar manufacturing facility near Portland, Ore.
• Electric vehicle pioneer ZAP announced that Dubai's Al Yousuf Group has completed a transaction to purchase a convertible debt that was part of a private placement registration from October 2007.ZAP closed trading at $1.18 on 2,532,983 shares.
• Ascent Solar Technologies, Inc. announced that the underwriters of its public offering exercised their over-allotment option to purchase an additional 570,000 shares of its common stock at $14.00 per share.
• The Chicago Board Options Exchange launched trading in options on Market Vectors-Solar Energy ETF, an exchange-traded fund.
• Solarfun Power Holdings, a manufacturer of silicon ingots and photovoltaic (PV) cells and modules in China, reported its unaudited financial results for the first quarter ended March 31, 2008 with Net revenue of $171 million, an increase of 529 percent from the fourth quarter of 2007. Solarfun traded 30,416,457 shares and was up 4.99 percent.
• Publicly traded Suzlon Energy Limited, based in Mumbai, India, the world's fifth leading wind turbine maker with 10.5 percent of global market share, announced results for the financial year ended March 31, 2008, reporting 71 percent growth in revenues.
• Fuel Tech, Inc. announced receipt of a $4.6 million contract for the supply and installation of NOxOUT® Selective Non-Catalytic Reduction technology on two newly constructed 600 megawatt coal-fired boilers in the People's Republic of China.
Friday, May 23, 2008
Evergreen Solar Signs New Sales Contracts of Approximately $1 Billion
Evergreen Solar Signs New Sales Contracts of Approximately $1 Billion
Solar Panels Will Be Supplied from its Devens Facility
MARLBORO, Mass.--May 22 2008 --Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of solar power panels with its proprietary, low-cost String Ribbon(TM) wafer technology, announced it has signed two new long-term sales contracts. Yesterday, Evergreen Solar and German-based Ralos Vertriebs GmbH signed an agreement valued at approximately $750 million for panel deliveries beginning in 2008 and extending through 2013. Combined with another agreement signed last week with a United States-based installer, Evergreen has new contractual backlog of approximately $1 billion.
The solar panels for these two contracts will be manufactured at the company’s Devens, Massachusetts facility, which will begin panel production in July, and represent approximately 35 percent of the expected 160MW of annual production capacity at Devens through 2013. In addition to these two new contracts, Evergreen Solar has six other customer contracts with a current total backlog of approximately $850 million, which will primarily be supplied by EverQ, its German-based joint venture.
“We offer our customers a long-term value proposition because our string ribbon technology consumes less than half of the polysilicon as compared to the industry average, which enables us to provide a unique combination of cost and cell conversion efficiency," said Richard M. Feldt, Evergreen Solar's president and chief executive officer. “We will enter into selective long-term supply agreements with additional companies that also bring differentiated value to their customers and serve markets that are at the forefront of solar growth.”
About Ralos Vertriebs GmbH
The “Ralos – Group“ is one of Europe’s leading companies in the field of photovoltaics. With subsidiaries in Germany, Spain, Italy, Austria, United Kingdom and Portugal, Ralos is “helping Europe go Solar”. It is their vision, that photovoltaics will play a significant role in meeting the needs of a sustainable energy market in the future. Through strategic alliances and continuous internal growth, Ralos is well placed to maintain its outstanding market position.
The Ralos – Group is particularly active in the field of large scale solar power plants and they are committed to increase the share of energy production through renewable energy. With its many years of experience and focus on economically optimized and high quality solutions, the Ralos – Group is a proven partner bringing increased value to project investors.
About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets solar power products using proprietary, low-cost manufacturing technologies. The Company's patented wafer technology, known as String Ribbon, uses significantly less polysilicon than conventional processes. Evergreen'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.
Evergreen Solar(R) is a registered trademark and String Ribbon(TM) is a trademark of Evergreen Solar, Inc.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of federal securities laws. Evergreen Solar cautions you that any statements contained in this press release that are not strictly historical statements constitute forward-looking statements. Such forward-looking statements include, but are not limited to, those related to: the start-up and future production capacity of the company’s Devens manufacturing facility; the company’s ability to protect the intellectual property incorporated in String Ribbon and other proprietary technologies; the company’s ability to enter into additional long-term customer agreements; and the ultimate value of the customer contracts given changing market dynamics and governmental subsidy and incentive programs, currency fluctuations and related contractual pricing parameters. 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. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made. Evergreen Solar disclaims any obligation to publicly update or revise any such statements to reflect any change in company 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 from those set forth in the forward-looking statements.
Contacts Evergreen Solar, Inc.Michael El-Hillow, 508-357-2221 x 7244Chief Financial Officerinvestors@evergreensolar.com
Solar Panels Will Be Supplied from its Devens Facility
MARLBORO, Mass.--May 22 2008 --Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of solar power panels with its proprietary, low-cost String Ribbon(TM) wafer technology, announced it has signed two new long-term sales contracts. Yesterday, Evergreen Solar and German-based Ralos Vertriebs GmbH signed an agreement valued at approximately $750 million for panel deliveries beginning in 2008 and extending through 2013. Combined with another agreement signed last week with a United States-based installer, Evergreen has new contractual backlog of approximately $1 billion.
The solar panels for these two contracts will be manufactured at the company’s Devens, Massachusetts facility, which will begin panel production in July, and represent approximately 35 percent of the expected 160MW of annual production capacity at Devens through 2013. In addition to these two new contracts, Evergreen Solar has six other customer contracts with a current total backlog of approximately $850 million, which will primarily be supplied by EverQ, its German-based joint venture.
“We offer our customers a long-term value proposition because our string ribbon technology consumes less than half of the polysilicon as compared to the industry average, which enables us to provide a unique combination of cost and cell conversion efficiency," said Richard M. Feldt, Evergreen Solar's president and chief executive officer. “We will enter into selective long-term supply agreements with additional companies that also bring differentiated value to their customers and serve markets that are at the forefront of solar growth.”
About Ralos Vertriebs GmbH
The “Ralos – Group“ is one of Europe’s leading companies in the field of photovoltaics. With subsidiaries in Germany, Spain, Italy, Austria, United Kingdom and Portugal, Ralos is “helping Europe go Solar”. It is their vision, that photovoltaics will play a significant role in meeting the needs of a sustainable energy market in the future. Through strategic alliances and continuous internal growth, Ralos is well placed to maintain its outstanding market position.
The Ralos – Group is particularly active in the field of large scale solar power plants and they are committed to increase the share of energy production through renewable energy. With its many years of experience and focus on economically optimized and high quality solutions, the Ralos – Group is a proven partner bringing increased value to project investors.
About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets solar power products using proprietary, low-cost manufacturing technologies. The Company's patented wafer technology, known as String Ribbon, uses significantly less polysilicon than conventional processes. Evergreen'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.
Evergreen Solar(R) is a registered trademark and String Ribbon(TM) is a trademark of Evergreen Solar, Inc.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of federal securities laws. Evergreen Solar cautions you that any statements contained in this press release that are not strictly historical statements constitute forward-looking statements. Such forward-looking statements include, but are not limited to, those related to: the start-up and future production capacity of the company’s Devens manufacturing facility; the company’s ability to protect the intellectual property incorporated in String Ribbon and other proprietary technologies; the company’s ability to enter into additional long-term customer agreements; and the ultimate value of the customer contracts given changing market dynamics and governmental subsidy and incentive programs, currency fluctuations and related contractual pricing parameters. 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. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made. Evergreen Solar disclaims any obligation to publicly update or revise any such statements to reflect any change in company 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 from those set forth in the forward-looking statements.
Contacts Evergreen Solar, Inc.Michael El-Hillow, 508-357-2221 x 7244Chief Financial Officerinvestors@evergreensolar.com
Thursday, May 22, 2008
New Renewable Energy stocks message boards
Global Renewable Energy Stock List & Directory
New From Investorideas.com Green Investor Portals - The Greentech Investor Renewable Energy Stocks Message Boards :
Click here: http://www.greentechinvestor.com/forum/index.php
Learn more about renewable energy investing at our online Greentech conference - live March 20 (archived after) - click here
New From Investorideas.com Green Investor Portals - The Greentech Investor Renewable Energy Stocks Message Boards :
Click here: http://www.greentechinvestor.com/forum/index.php
Learn more about renewable energy investing at our online Greentech conference - live March 20 (archived after) - click here
Renewable Energy Stocks Sector Close-Up as Oil Hits over $130 Barrel;
Renewable Energy Stocks Sector Close-Up as Oil Hits over $130 Barrel;
Recent Developments in Solar, Wind, Geothermal and Green Automotive Stocks
POINT ROBERTS, WA and DELTA, BC--May 22 , 2008 - www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on recent news and developments in renewable energy stocks as oil continues to set record highs.
Renewable Energy Sector Close-Up as of May 21, 2008
Geothermal stock, Essential Innovations Technology Corp., (OTCBB: ESIV; FRANKFURT: E6S) announced it has successfully closed and funded a financing in the form of a convertible secured note in the amount of $1,750,000 USD.
Rotoblock Inc. (OTCBB: ROTB) recently announced it will acquire controlling interest in Hikom Gottell Corporation for US $25 Million (US $25,000,000). The US-China venture intends to develop and manufacture small engines, air-conditioning systems and other consumer and industrial equipment.
XsunX, Inc. (OTCBB: XSNX ), a solar technology company, announced today that it has signed an agreement with Praxair, Inc. (Market, News ) for the supply of bulk industrial gases for its new multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facility near Portland, Oregon.
Electric vehicle pioneer ZAP (OTC BB:ZAAP) announced that Dubai's Al Yousuf Group has completed a transaction to purchase a convertible debt that was part of a private placement registration from October 2007.ZAP closed trading at $1.18 on 2,532,983 shares.
Ascent Solar Technologies, Inc. (Market, News) announced that the underwriters of its public offering exercised their over-allotment option to purchase an additional 570,000 shares of its common stock at $14.00 per share.
The Chicago Board Options Exchange launched trading in options on Market Vectors-Solar Energy ETF (Market, News ), an exchange-traded fund.
Solarfun Power Holdings (Market, News), a manufacturer of silicon ingots and photovoltaic (PV) cells and modules in China, reported its unaudited financial results for the first quarter ended March 31, 2008 with Net revenue of RMB 1.20 billion (US$ 171.0 million), an increase of 529% from the fourth quarter of 2007. Solarfun traded 30,416,457 shares and was up 4.99%.
Publicly traded, Suzlon Energy Limited, based in Mumbai, India the world’s fifth leading wind turbine maker with 10.5% of global market share, announced results for the financial year ended March 31, 2008, reporting 71% growth in revenues.
Fuel Tech, Inc. (Market, News) announced receipt of a $4.6 million contract for the supply and installation of NOxOUT® Selective Non-Catalytic Reduction (SNCR) technology on two newly constructed 600 megawatt coal-fired boilers in the People’s Republic of China (PRC).
SunPower Corporation, (Market, News ) a manufacturer of high-efficiency solar cells, solar panels, and solar systems, announced it has completed design and construction of a new 1.4-megawatt solar electric power plant project in Hampyeong, South Korea.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of renewable energy and green stocks.
Featured Green Showcase Companies:
Solar Company XsunX, (OTCBB: XSNX) is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. Visit Media showcase: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/
Geothermal Company Essential Innovations Technology Corp. (OTCBB: ESIV - FRANKFURT: E6S) provides cutting-edge Geoexchange solutions for residential, commercial and industrial applications as both a manufacturer of proprietary geothermal heat pump technology and as a Geoexchange energy service company. More info can be found on the Investorideas.com Showcase page at: http://www.investorideas.com/CO/ESIV/Default.asp or www.EITechCorp.com
Rotoblock Corporation (OTCBB: ROTB) is focused on the development and manufacturing of small engines and other energy-efficient and environmental equipment in China for distribution worldwide.
Visit media showcase: http://www.investorideas.com/CO/ROTB/Default.asp
Electric car pioneer, ZAP (OTCBB: ZAAP) has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries.
Visit media showcase: http://www.investorideas.com/CO/ZAAP/Default.asp
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks.
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. For disclosure purposes, the site is currently compensated by featured showcase companies, news submissions and online advertising. Please read the disclaimer and specific compensation disclosure for each company at http://www.investorideas.com/About/Disclaimer.asp.
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: Investorideas.com RenewableEnergyStocks.com, XsunX, Essential Innovations Technology Rotoblock, ZAP
Recent Developments in Solar, Wind, Geothermal and Green Automotive Stocks
POINT ROBERTS, WA and DELTA, BC--May 22 , 2008 - www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on recent news and developments in renewable energy stocks as oil continues to set record highs.
Renewable Energy Sector Close-Up as of May 21, 2008
Geothermal stock, Essential Innovations Technology Corp., (OTCBB: ESIV; FRANKFURT: E6S) announced it has successfully closed and funded a financing in the form of a convertible secured note in the amount of $1,750,000 USD.
Rotoblock Inc. (OTCBB: ROTB) recently announced it will acquire controlling interest in Hikom Gottell Corporation for US $25 Million (US $25,000,000). The US-China venture intends to develop and manufacture small engines, air-conditioning systems and other consumer and industrial equipment.
XsunX, Inc. (OTCBB: XSNX ), a solar technology company, announced today that it has signed an agreement with Praxair, Inc. (Market, News ) for the supply of bulk industrial gases for its new multi-megawatt thin film photovoltaic (TFPV) solar manufacturing facility near Portland, Oregon.
Electric vehicle pioneer ZAP (OTC BB:ZAAP) announced that Dubai's Al Yousuf Group has completed a transaction to purchase a convertible debt that was part of a private placement registration from October 2007.ZAP closed trading at $1.18 on 2,532,983 shares.
Ascent Solar Technologies, Inc. (Market, News) announced that the underwriters of its public offering exercised their over-allotment option to purchase an additional 570,000 shares of its common stock at $14.00 per share.
The Chicago Board Options Exchange launched trading in options on Market Vectors-Solar Energy ETF (Market, News ), an exchange-traded fund.
Solarfun Power Holdings (Market, News), a manufacturer of silicon ingots and photovoltaic (PV) cells and modules in China, reported its unaudited financial results for the first quarter ended March 31, 2008 with Net revenue of RMB 1.20 billion (US$ 171.0 million), an increase of 529% from the fourth quarter of 2007. Solarfun traded 30,416,457 shares and was up 4.99%.
Publicly traded, Suzlon Energy Limited, based in Mumbai, India the world’s fifth leading wind turbine maker with 10.5% of global market share, announced results for the financial year ended March 31, 2008, reporting 71% growth in revenues.
Fuel Tech, Inc. (Market, News) announced receipt of a $4.6 million contract for the supply and installation of NOxOUT® Selective Non-Catalytic Reduction (SNCR) technology on two newly constructed 600 megawatt coal-fired boilers in the People’s Republic of China (PRC).
SunPower Corporation, (Market, News ) a manufacturer of high-efficiency solar cells, solar panels, and solar systems, announced it has completed design and construction of a new 1.4-megawatt solar electric power plant project in Hampyeong, South Korea.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of renewable energy and green stocks.
Featured Green Showcase Companies:
Solar Company XsunX, (OTCBB: XSNX) is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. Visit Media showcase: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/
Geothermal Company Essential Innovations Technology Corp. (OTCBB: ESIV - FRANKFURT: E6S) provides cutting-edge Geoexchange solutions for residential, commercial and industrial applications as both a manufacturer of proprietary geothermal heat pump technology and as a Geoexchange energy service company. More info can be found on the Investorideas.com Showcase page at: http://www.investorideas.com/CO/ESIV/Default.asp or www.EITechCorp.com
Rotoblock Corporation (OTCBB: ROTB) is focused on the development and manufacturing of small engines and other energy-efficient and environmental equipment in China for distribution worldwide.
Visit media showcase: http://www.investorideas.com/CO/ROTB/Default.asp
Electric car pioneer, ZAP (OTCBB: ZAAP) has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries.
Visit media showcase: http://www.investorideas.com/CO/ZAAP/Default.asp
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks.
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. For disclosure purposes, the site is currently compensated by featured showcase companies, news submissions and online advertising. Please read the disclaimer and specific compensation disclosure for each company at http://www.investorideas.com/About/Disclaimer.asp.
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: Investorideas.com RenewableEnergyStocks.com, XsunX, Essential Innovations Technology Rotoblock, ZAP
Tuesday, May 20, 2008
Rotoblock (OTCBB:ROTB)to Acquire Hikom Gottell Corporation in China for US $25 Million
Rotoblock (OTCBB:ROTB)to Acquire Hikom Gottell Corporation in China for US $25 Million
Tue May 20, 2008
SANTA ROSA, Calif. & NANJING, China---Rotoblock Inc. (OTCBB: ROTB.OB) has agreed to acquire controlling interest in Hikom Gottell Corporation for US $25 Million (US $25,000,000).
The US-China venture intends to develop and manufacture small engines, air-conditioning systems and other consumer and industrial equipment.Rotoblock signed a term sheet to acquire 51 percent majority interest in Hikom Gottell Corporation, a manufacturing company based in Nanjing City of the Jiangsu Province in Mainland China. Hikom Gottell employs about 250 workers primarily involved in designing and manufacturing of commercial air-conditioning systems for automotive, building, and environmental applications.
These products are distributed throughout China. Rotoblock's offer of US $25 Million would be in cash and stock options. The final purchase price is subject to an independent audit, which will be carried out during the acquisition proceedings.Rotoblock has agreed to purchase the hard assets of Hikom Gottell's manufacturing facilities in Nanjing as well as the name Hikom Gottell and its distribution network. The acquisition would include Hikom Gottell's 10-acre manufacturing complex, land, factories, manufacturing equipment, testing facilities, and delivery trucks.
"This opens a whole new horizon for Rotoblock's business plans," said CEO Mr. Chin Chih Liu. "Not only would we have a research and manufacturing facility in China, we will also have the financial backing to take the Company to new heights. At the same time, Rotoblock can help diversify the product lines being manufactured by Hikom Gottell and expand their market internationally."
About Rotoblock Corporation -- Rotoblock is focused on the development and manufacturing of small engines and other energy-efficient and environmental equipment in China for distribution worldwide. The Company was incorporated in Nevada and is headquartered in Santa Rosa, California. Rotoblock has full rights to the patents of the Oscillating Piston Engine and believes the OPE technology has useful applications in an endless number of areas where its powerful, lightweight, efficient design are in ever-increasing demand.
Visit Rotoblock's corporate website for details about the company, technology, and regulatory filings. The address is: http://www.rotoblock.com.
Safe Harbour For Forward-Looking Statements Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Rotoblock Corporation has little or no control.
Rotoblock Corporation is a featured showcase company on Investorideas.com and Renewableenergystocks.com - visit the company showcase media page : /CO/ROTB/Default.aspDisclaimer/disclosure: /About/Disclaimer.asp
Rotoblock CorporationTony R. Collins, 877-511-0110 (Toll Free)
Rotoblock (OTCBB:ROTB)to Acquire Hikom Gottell Corporation in China for US $25 Million
Tue May 20, 2008
SANTA ROSA, Calif. & NANJING, China---Rotoblock Inc. (OTCBB: ROTB.OB) has agreed to acquire controlling interest in Hikom Gottell Corporation for US $25 Million (US $25,000,000).
The US-China venture intends to develop and manufacture small engines, air-conditioning systems and other consumer and industrial equipment.Rotoblock signed a term sheet to acquire 51 percent majority interest in Hikom Gottell Corporation, a manufacturing company based in Nanjing City of the Jiangsu Province in Mainland China. Hikom Gottell employs about 250 workers primarily involved in designing and manufacturing of commercial air-conditioning systems for automotive, building, and environmental applications.
These products are distributed throughout China. Rotoblock's offer of US $25 Million would be in cash and stock options. The final purchase price is subject to an independent audit, which will be carried out during the acquisition proceedings.Rotoblock has agreed to purchase the hard assets of Hikom Gottell's manufacturing facilities in Nanjing as well as the name Hikom Gottell and its distribution network. The acquisition would include Hikom Gottell's 10-acre manufacturing complex, land, factories, manufacturing equipment, testing facilities, and delivery trucks.
"This opens a whole new horizon for Rotoblock's business plans," said CEO Mr. Chin Chih Liu. "Not only would we have a research and manufacturing facility in China, we will also have the financial backing to take the Company to new heights. At the same time, Rotoblock can help diversify the product lines being manufactured by Hikom Gottell and expand their market internationally."
About Rotoblock Corporation -- Rotoblock is focused on the development and manufacturing of small engines and other energy-efficient and environmental equipment in China for distribution worldwide. The Company was incorporated in Nevada and is headquartered in Santa Rosa, California. Rotoblock has full rights to the patents of the Oscillating Piston Engine and believes the OPE technology has useful applications in an endless number of areas where its powerful, lightweight, efficient design are in ever-increasing demand.
Visit Rotoblock's corporate website for details about the company, technology, and regulatory filings. The address is: http://www.rotoblock.com.
Safe Harbour For Forward-Looking Statements Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Rotoblock Corporation has little or no control.
Rotoblock Corporation is a featured showcase company on Investorideas.com and Renewableenergystocks.com - visit the company showcase media page : /CO/ROTB/Default.aspDisclaimer/disclosure: /About/Disclaimer.asp
Rotoblock CorporationTony R. Collins, 877-511-0110 (Toll Free)
Monday, May 19, 2008
Major Shareholder and Strategic Partner Al Yousuf Group Purchases ZAP's Convertible Debt
Major Shareholder and Strategic Partner Al Yousuf Group Purchases ZAP's Convertible Debt
SANTA ROSA, CA., May 19, 2008 - Electric vehicle pioneer ZAP (OTCBB: ZAAP) announced today that Dubai's Al Yousuf Group has completed a transaction to purchase a convertible debt that was part of a private placement registration from October 2007. As part of the transaction, The Al Yousuf Group has purchased the convertible debt for $475,000.
"We are continually grateful for the commitment and support that Mr. Eqbal Al Yousuf has given ZAP," said ZAP CEO Steve Schneider. "The purchase of this convertible debt will help ZAP's business plans."
The United Arab Emirates manufacturing and distribution company purchased $5 million ZAP shares in November. In December, Mr. Eqbal Al Yousuf, President, joined ZAP's Board of Directors.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias in collaboration with Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Contact: Alex Campbell ZAP 707-525-8658 x 241 acampbell@zapworld.com Source: ZAP
SANTA ROSA, CA., May 19, 2008 - Electric vehicle pioneer ZAP (OTCBB: ZAAP) announced today that Dubai's Al Yousuf Group has completed a transaction to purchase a convertible debt that was part of a private placement registration from October 2007. As part of the transaction, The Al Yousuf Group has purchased the convertible debt for $475,000.
"We are continually grateful for the commitment and support that Mr. Eqbal Al Yousuf has given ZAP," said ZAP CEO Steve Schneider. "The purchase of this convertible debt will help ZAP's business plans."
The United Arab Emirates manufacturing and distribution company purchased $5 million ZAP shares in November. In December, Mr. Eqbal Al Yousuf, President, joined ZAP's Board of Directors.
About ZAP
ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP has a joint venture called Detroit Electric to manufacture electric and hybrid vehicles with Youngman Automotive Group, one of China's leading manufacturers of buses and trucks. Detroit Electric is developing a freeway capable electric vehicle called the ZAP Alias in collaboration with Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently announced a strategic partnership with Dubai-based Al Yousuf Group to expand its international vehicle distribution. ZAP also makes an innovative, new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com.
This press release contains forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Contact: Alex Campbell ZAP 707-525-8658 x 241 acampbell@zapworld.com Source: ZAP
Wednesday, May 14, 2008
Shell endorses proposals to accelerate deployment of carbon capture and storage
Shell endorses proposals to accelerate deployment of carbon capture and storage
07/05/2008Royal Dutch Shell Plc supports the EU commitment to demonstrate Carbon Capture and Storage (CCS) technology in 12 large-scale plants by 2015. Early demonstration is key to bring environmentally safe CCS to commercial deployment from 2020.
Commenting on the European Parliament’s first debate on CCS held yesterday in Brussels, Shell’s Executive Vice President CO2 Graeme Sweeney said: “The proposed CCS and Emissions Trading Directives provide a unique opportunity to establish a framework for funding using the power of the carbon market to drive CCS deployment. We support the proposals discussed in the Parliament to award carbon credits for CO2 captured and stored, during the demonstration phase. This would enable investment decisions on CCS to be made as early as 2009.”
Shell welcomes the draft CCS Directive which provides for a sound regulatory framework for the geological storage of CO2. But in its initial stages of implementation a transitional funding is crucial to accelerate CCS deployment which is key to achieve CO2 emission reduction targets by 2020.
Shell believes that government policies adopted in Europe in the next five years could help shape the world’s energy landscape for a half-century to come. Shell has estimated that a seven year delay in the world’s known CCS projects means 90-100 billion tones of avoidable CO2 emissions being released into the atmosphere, or a 10 ppm increase in long-term CO2 stabilization levels.
07/05/2008Royal Dutch Shell Plc supports the EU commitment to demonstrate Carbon Capture and Storage (CCS) technology in 12 large-scale plants by 2015. Early demonstration is key to bring environmentally safe CCS to commercial deployment from 2020.
Commenting on the European Parliament’s first debate on CCS held yesterday in Brussels, Shell’s Executive Vice President CO2 Graeme Sweeney said: “The proposed CCS and Emissions Trading Directives provide a unique opportunity to establish a framework for funding using the power of the carbon market to drive CCS deployment. We support the proposals discussed in the Parliament to award carbon credits for CO2 captured and stored, during the demonstration phase. This would enable investment decisions on CCS to be made as early as 2009.”
Shell welcomes the draft CCS Directive which provides for a sound regulatory framework for the geological storage of CO2. But in its initial stages of implementation a transitional funding is crucial to accelerate CCS deployment which is key to achieve CO2 emission reduction targets by 2020.
Shell believes that government policies adopted in Europe in the next five years could help shape the world’s energy landscape for a half-century to come. Shell has estimated that a seven year delay in the world’s known CCS projects means 90-100 billion tones of avoidable CO2 emissions being released into the atmosphere, or a 10 ppm increase in long-term CO2 stabilization levels.
US Cleantech Investments Increase 18% in Q1 2008
US Cleantech Investments Increase 18% in Q1 2008
SAN FRANCISCO, May 6 2008 -- Venture capital investments in cleantech companies continued to show robust growth in the first quarter of 2008, according to an Ernst & Young report based on data from Dow Jones VentureOne. Capital invested grew by 18% to $571.6 million in Q1 2008 compared to $483.9 million for the same period in 2007, while the number of deals declined by 11% to 34. This growth in cleantech investment bucks the trend of overall US venture capital investment in Q1'08, which declined by 7% to $6.5 billion.
Three cleantech industry groups accounted for the majority of the capital invested in the quarter. The Alternative Fuels group was the largest recipient of capital with $178 million invested-31% of the quarterly industry total. Energy/Electricity Generation group's investments represented 26% of the cleantech industry and totaled $148.3 million. Energy Efficiency group deals accounted for 20% of investment, netting $116.4 million for the quarter.
Cleantech investing also suggested that the industry is maturing as deal volume shifted from early stage financings to later stage investments this quarter. Early stage deals, largely seed and first round investments, accounted for 37% of cleantech financings in Q1 '08, down from 51% in Q1 2007, but represents a consistent percentage of the total venture capital industry investments directed toward early stage enterprises. Conversely, later stage deals accounted for 43% of financing rounds, up from 24% in Q1 '07, reflecting the progress of technology development in existing cleantech companies.
Fastest growing segments
The Energy Efficiency group contained two of the fastest growing segments this quarter. Year-on-year, capital invested in Power and Efficiency Management Services increased 454% to $66.5 million. The Efficiency Products segment grew by 148% to $49.5 million. BridgeLux, a provider of energy saving power-LED chips based in Sunnyvale, CA, raised $40 million in the largest Energy Efficiency deal of the quarter.
Investments in the Solar segment, part of the Energy/Electricity Generation group, also grew by 136% over the last year to $132.4 million. A key deal in the solar category was Infinia, a concentrated solar company based in Kenniwick, WA that raised a $57 million round during the quarter. Reports of technology development and an increasingly supportive regulatory environment are attracting investor attention to this segment. For example, in 2007 four more states instituted mandatory renewable portfolio standards (RPS), bringing the total to 25 states and the District of Columbia accounting for 46% of national retail electricity sales, according to Lawrence Berkeley National Laboratories.
"While solar and biofuels investments continue to grow, we're observing increased investments in efficiency-related technologies as VCs balance their renewable energy portfolios with companies that have a shorter prospective time to exit," said Joseph Muscat, Americas Director of Cleantech and Venture Capital, Ernst & Young LLP. "Efficiency technologies are less capital intensive than renewables, which enable more venture capitalists to participate in the cleantech industry," Muscat continued.
Market drivers
From 2002 to 2007, cleantech investments grew from 1% to over 8% of annual total US venture capital investment. During the same period venture capital investment grew 37% to $30.2 billion. Industry projections and developments suggest that the cleantech venture capital market will continue to develop. Key indicators include:
-- The global market for biofuels, solar technologies, new wind installations and fuel cells is expected to grow from $77.3 billion in 2007 to $254.5 billion by 2017, projects CleanEdge, a leading research and publishing firm. According to Cambridge Energy Research Associates, the global response to climate change could result in $7 trillion in total clean energy investments by 2030.
-- Public company investors have been supportive of cleantech companies, indicating receptivity to eventual public market exits for venture backed cleantech companies. The WilderHill Clean Energy Index (ECO) has realized a 102% cumulative return since 2002, outperforming the broader Russell 3000 index by 32%; from Q1'07 to Q1'08, the WilderHill outpaced the Russell 2000 by 9%.
-- Government policy and regulation is also increasingly supportive. The recently passed US Energy Independence and Security Act of 2007 sets a mandatory Renewable Fuel Standard (RFS) requiring fuel producers to use at least 36 billion gallons of biofuel in 2022 and implements a range of energy efficiency improvement measures.
"Cleantech is enabling the business response to climate change," said Muscat. "The fundamental challenges that corporations face today related to carbon emissions, energy costs and resource scarcity will continue to provide opportunities for innovative cleantech solutions."
Note to editors:
Ernst & Young uses the following definitions to classify the cleantech industry and its sub-sectors:
Clean technology encompasses a diverse range of innovative products and services that optimize the use of natural resources or reduce the negative environmental impact of their use while creating value by lowering costs, improving efficiency, or providing superior performance.
-- Alternative Fuels - Biofuels; natural gas (LNG) -- Energy / Electricity Generation - Gasification, tidal/wave, hydrogen, geothermal, solar, wind, hydro -- Energy Storage - Batteries, fuel cells, flywheels -- Energy Efficiency - Energy efficiency products, power and efficiency management services, industrial products -- Water - Treatment processes, conservation & monitoring -- Environment - Air, recycling, waste -- Industry Focused Products and Services - Agriculture, construction, transportation, materials, consumer products
About Ernst & Young's Strategic Growth Markets Network
Ernst & Young's worldwide Strategic Growth Markets Network is dedicated to serving the changing needs of rapid-growth companies. For more than 30 years, we've helped many of the world's most dynamic and ambitious companies grow into market leaders. Whether working with international mid-cap companies or early stage venture-backed businesses, our professionals draw upon their extensive experience, insight and global resources to help your business achieve its potential. It's how Ernst & Young makes a difference.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 130,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve potential.
For more information, please visit www.ey.com.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
This news release has been issued by Ernst & Young LLP, a member firm of Ernst & Young Global Limited
SOURCE Ernst & Young LLP
SAN FRANCISCO, May 6 2008 -- Venture capital investments in cleantech companies continued to show robust growth in the first quarter of 2008, according to an Ernst & Young report based on data from Dow Jones VentureOne. Capital invested grew by 18% to $571.6 million in Q1 2008 compared to $483.9 million for the same period in 2007, while the number of deals declined by 11% to 34. This growth in cleantech investment bucks the trend of overall US venture capital investment in Q1'08, which declined by 7% to $6.5 billion.
Three cleantech industry groups accounted for the majority of the capital invested in the quarter. The Alternative Fuels group was the largest recipient of capital with $178 million invested-31% of the quarterly industry total. Energy/Electricity Generation group's investments represented 26% of the cleantech industry and totaled $148.3 million. Energy Efficiency group deals accounted for 20% of investment, netting $116.4 million for the quarter.
Cleantech investing also suggested that the industry is maturing as deal volume shifted from early stage financings to later stage investments this quarter. Early stage deals, largely seed and first round investments, accounted for 37% of cleantech financings in Q1 '08, down from 51% in Q1 2007, but represents a consistent percentage of the total venture capital industry investments directed toward early stage enterprises. Conversely, later stage deals accounted for 43% of financing rounds, up from 24% in Q1 '07, reflecting the progress of technology development in existing cleantech companies.
Fastest growing segments
The Energy Efficiency group contained two of the fastest growing segments this quarter. Year-on-year, capital invested in Power and Efficiency Management Services increased 454% to $66.5 million. The Efficiency Products segment grew by 148% to $49.5 million. BridgeLux, a provider of energy saving power-LED chips based in Sunnyvale, CA, raised $40 million in the largest Energy Efficiency deal of the quarter.
Investments in the Solar segment, part of the Energy/Electricity Generation group, also grew by 136% over the last year to $132.4 million. A key deal in the solar category was Infinia, a concentrated solar company based in Kenniwick, WA that raised a $57 million round during the quarter. Reports of technology development and an increasingly supportive regulatory environment are attracting investor attention to this segment. For example, in 2007 four more states instituted mandatory renewable portfolio standards (RPS), bringing the total to 25 states and the District of Columbia accounting for 46% of national retail electricity sales, according to Lawrence Berkeley National Laboratories.
"While solar and biofuels investments continue to grow, we're observing increased investments in efficiency-related technologies as VCs balance their renewable energy portfolios with companies that have a shorter prospective time to exit," said Joseph Muscat, Americas Director of Cleantech and Venture Capital, Ernst & Young LLP. "Efficiency technologies are less capital intensive than renewables, which enable more venture capitalists to participate in the cleantech industry," Muscat continued.
Market drivers
From 2002 to 2007, cleantech investments grew from 1% to over 8% of annual total US venture capital investment. During the same period venture capital investment grew 37% to $30.2 billion. Industry projections and developments suggest that the cleantech venture capital market will continue to develop. Key indicators include:
-- The global market for biofuels, solar technologies, new wind installations and fuel cells is expected to grow from $77.3 billion in 2007 to $254.5 billion by 2017, projects CleanEdge, a leading research and publishing firm. According to Cambridge Energy Research Associates, the global response to climate change could result in $7 trillion in total clean energy investments by 2030.
-- Public company investors have been supportive of cleantech companies, indicating receptivity to eventual public market exits for venture backed cleantech companies. The WilderHill Clean Energy Index (ECO) has realized a 102% cumulative return since 2002, outperforming the broader Russell 3000 index by 32%; from Q1'07 to Q1'08, the WilderHill outpaced the Russell 2000 by 9%.
-- Government policy and regulation is also increasingly supportive. The recently passed US Energy Independence and Security Act of 2007 sets a mandatory Renewable Fuel Standard (RFS) requiring fuel producers to use at least 36 billion gallons of biofuel in 2022 and implements a range of energy efficiency improvement measures.
"Cleantech is enabling the business response to climate change," said Muscat. "The fundamental challenges that corporations face today related to carbon emissions, energy costs and resource scarcity will continue to provide opportunities for innovative cleantech solutions."
Note to editors:
Ernst & Young uses the following definitions to classify the cleantech industry and its sub-sectors:
Clean technology encompasses a diverse range of innovative products and services that optimize the use of natural resources or reduce the negative environmental impact of their use while creating value by lowering costs, improving efficiency, or providing superior performance.
-- Alternative Fuels - Biofuels; natural gas (LNG) -- Energy / Electricity Generation - Gasification, tidal/wave, hydrogen, geothermal, solar, wind, hydro -- Energy Storage - Batteries, fuel cells, flywheels -- Energy Efficiency - Energy efficiency products, power and efficiency management services, industrial products -- Water - Treatment processes, conservation & monitoring -- Environment - Air, recycling, waste -- Industry Focused Products and Services - Agriculture, construction, transportation, materials, consumer products
About Ernst & Young's Strategic Growth Markets Network
Ernst & Young's worldwide Strategic Growth Markets Network is dedicated to serving the changing needs of rapid-growth companies. For more than 30 years, we've helped many of the world's most dynamic and ambitious companies grow into market leaders. Whether working with international mid-cap companies or early stage venture-backed businesses, our professionals draw upon their extensive experience, insight and global resources to help your business achieve its potential. It's how Ernst & Young makes a difference.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 130,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve potential.
For more information, please visit www.ey.com.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
This news release has been issued by Ernst & Young LLP, a member firm of Ernst & Young Global Limited
SOURCE Ernst & Young LLP
Renewable Energy Stocks Sector Close-Up on Solar Stocks; J.Peter Lynch Reports, “Solar Stocks have Surprised the Street and Beaten Estimates, Some by
Renewable Energy Stocks Sector Close-Up on Solar Stocks; J.Peter Lynch Reports, “Solar Stocks have Surprised the Street and Beaten Estimates, Some by a Wide Margin”
Canadian Solar Inc. Leads Sector with Earnings Report and Robust Market Demand for Products
POINT ROBERTS, WA and DELTA, BC—May 14, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within www.Investorideas.com, presents a sector close-up on recent developments and trends in the solar industry and related solar stocks. Insight and commentary features: Canadian Solar Inc., Clear Skies Solar, Inc. (OTCBB: CSKH), XsunX Inc. (OTCBB: XSNX), J.Peter Lynch and Dr. Robert Wilder, CEO and Founder of The Wilderhill Clean Energy Index.
Solar Stocks Sector Close-Up:
*As of May 13, 2008
Canadian Solar Inc. was up $6.68 (19.59%) on reported preliminary unaudited US GAAP financial information for the first quarter ended March 31, 2008. Net revenues for the quarter were $171.2 million (including $2.2 million of silicon material sales), compared to net revenues of $17.5 million for the first quarter of 2007 (including $2.8 million of silicon materials sales) and $127.5 million for the fourth quarter of 2007 (including $2.4 million of silicon materials sales). Net income for the quarter was $19.0 million, or $0.61 per diluted share, compared to a net loss of $3.9 million, or $0.14 per diluted share, for the first quarter of 2007 and net income of $5.9 million, or $0.21 per diluted share, for the fourth quarter of 2007.
In a press release issued by the company, Dr. Shawn Qu, Chairman and CEO, commented,
" Our impressive performance in the first quarter was due to a result of robust market demand for our products, strong pricing, effective management of foreign exchange exposure, strong operational execution of our flexible vertical integration business model, and our balanced supply strategy, which allowed us to increase our product delivery despite a general market shortage of silicon materials.”
The Claymore/MAC Global Solar Energy ETF that tracks an index of 25 global solar companies was up $0.84 (3.16%) as of the end of trading.
Dr. Robert Wilder, CEO and Founder of the Wilderhill Clean Energy Index noted, “A couple of fairly different, conflicting factors are impacting solar power right now: in Europe the ongoing demand from Germany plus more recent entrants like Spain are helping push sales globally. On the other hand looking at the domestic picture, a key Federal tax credit for wind and solar that probably should have been passed in the U.S. some months ago has continued to be held up. Here the Bush Administration has opposed allowing the subsidies now given to oil, to instead be switched to renewables. So companies exporting solar panels from low-cost regions like China, to high demand Europe are faring rather well. By contrast the U.S., which once was the global leader in solar power continues to face headwinds with our domestic manufacturers finding better growth in technological innovation areas like thin films. There is some hope however that more favorable State policies, such as in California will begin to be embraced next year in a faster-evolving Federal solar policy at the national level. “
The Wilderhill Clean Energy Index was up $5.08 (2.30%) at the close May 13, 2008.
Tom Djokovich, CEO, of California based XsunX, Inc.(OTCBB: XSNX) reports , “This year we began executing plans developed last year, to build a thin film amorphous solar module manufacturing facility. Recently we secured a 90,000 sq. ft. facility in Portland OR, to house our first 25MW with over $1 million of nearly new manufacturing support infrastructure in place, and we’re working to finalizing several important material supply contracts. While we’ve been working to get our commercial production ready for first quarter 2009 it appears that the industry has begun to take notice of the superior solar absorbing qualities of amorphous silicon. Several other companies have begun announcing their move towards amorphous and I believe that this lends credibility to the path we have taken.”
CEO Ezra Green, provides insight from his solar company with, “At Clear Skies Solar (OTCBB:CSKH) we're seeing an increase in inquiries and business not only from large US Corporations who are looking for ways to minimize utility expenses, but also from countries such as Spain and Greece and developing countries like India seeking viable energy solutions. We are even being approached by commercial farmers trying to reduce their carbon footprints. In addition, with our own internal research and development department, we're also able to keep ahead of the curve in providing innovative technologies for solar energy users. Clear Skies Solar's XTRAX®, which delivers reliable autonomous data readings for solar energy systems around the United States, is just one example of the innovative new products we are bringing to market.”
Clear Skies Solar (OTCBB: CSKH) closed up 14.81 % at market close.
According to solar expert J.Peter Lynch, “Solar Stocks have again surprised the street and beaten estimates, some by a wide margin. I do expect that the industry will see some margin pressures in 2009, but for now solar stocks have regained momentum and are for the most part technically strong.”
“As you can see from the table below. Most of the stocks are above their short- term technical support (50 -day moving average) as well as, their longer term technical support (200 -day moving average). Momentum is strong and they appear to be coming back from their recent correction.”
US Photovoltaic Related Stocks:
*As of Market data May13, 2008
Name Recent Price 50 Day MA 200 Day MA
Akeena Solar, Inc. 5.2 6.658 6.797
Ascent Solar Technologies, Inc. 15.26 14.285 15.146
Canadian Solar Inc. 34.1 23.652 17.026
China Sunergy Company Ltd. 9.94 8.196 9.141
Distributed Energy Systems Corp. 0.44 0.478 0.601
DayStar Technologies Inc. 4.04 3.188 4.09
EMCORE Corporation 6.92 7.425 9.659
Energy Conversion Devices Inc 51.62 31.343 28.395
Evergreen Solar, Inc. 8.21 9.191 10.81
First Solar, Inc. 284.84 249.255 188.353
JA Solar Holdings Co., Ltd 22.1 19.963 17.732
LDK Solar Company Ltd. 37.46 29.619 40.254
ReneSola, Ltd. (United Kingdom) ADR 18.83 13.125 12.733
Solarfun Power Holdings Co. 14.94 12.925 15.319
Spire Corporation 13.71 14.753 15.806
Sunpower Corporation 84.4 78.013 89.574
Suntech Power Holdings 41.6 40.976 50.162
Trina Solar Limited 41.6 36.584 44.772
MEMC Electronic Materials, Inc. 67.44 74.049 70.417
Yingli Green Energy Holding Company Limited 22.58 19.429 24.074
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTC BB: CSKH) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. More info can be found on the Investorideas.com Company Showcase, or the company website at www.clearskiesgroup.com.
Featured Showcase Solar Company: XsunX Inc.(OTCBB: XSNX) is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. More info can be found on the Investorideas.com Company Showcase, or the company website at http://www.xsunx.com/.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Disclosure: XsunX and Clear Skies Holdings compensate the website $5000 per month.
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: Investorideas.com, RenewableEnergyStocks.com, XsunX, Clear Skies Solar
Canadian Solar Inc. Leads Sector with Earnings Report and Robust Market Demand for Products
POINT ROBERTS, WA and DELTA, BC—May 14, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within www.Investorideas.com, presents a sector close-up on recent developments and trends in the solar industry and related solar stocks. Insight and commentary features: Canadian Solar Inc., Clear Skies Solar, Inc. (OTCBB: CSKH), XsunX Inc. (OTCBB: XSNX), J.Peter Lynch and Dr. Robert Wilder, CEO and Founder of The Wilderhill Clean Energy Index.
Solar Stocks Sector Close-Up:
*As of May 13, 2008
Canadian Solar Inc. was up $6.68 (19.59%) on reported preliminary unaudited US GAAP financial information for the first quarter ended March 31, 2008. Net revenues for the quarter were $171.2 million (including $2.2 million of silicon material sales), compared to net revenues of $17.5 million for the first quarter of 2007 (including $2.8 million of silicon materials sales) and $127.5 million for the fourth quarter of 2007 (including $2.4 million of silicon materials sales). Net income for the quarter was $19.0 million, or $0.61 per diluted share, compared to a net loss of $3.9 million, or $0.14 per diluted share, for the first quarter of 2007 and net income of $5.9 million, or $0.21 per diluted share, for the fourth quarter of 2007.
In a press release issued by the company, Dr. Shawn Qu, Chairman and CEO, commented,
" Our impressive performance in the first quarter was due to a result of robust market demand for our products, strong pricing, effective management of foreign exchange exposure, strong operational execution of our flexible vertical integration business model, and our balanced supply strategy, which allowed us to increase our product delivery despite a general market shortage of silicon materials.”
The Claymore/MAC Global Solar Energy ETF that tracks an index of 25 global solar companies was up $0.84 (3.16%) as of the end of trading.
Dr. Robert Wilder, CEO and Founder of the Wilderhill Clean Energy Index noted, “A couple of fairly different, conflicting factors are impacting solar power right now: in Europe the ongoing demand from Germany plus more recent entrants like Spain are helping push sales globally. On the other hand looking at the domestic picture, a key Federal tax credit for wind and solar that probably should have been passed in the U.S. some months ago has continued to be held up. Here the Bush Administration has opposed allowing the subsidies now given to oil, to instead be switched to renewables. So companies exporting solar panels from low-cost regions like China, to high demand Europe are faring rather well. By contrast the U.S., which once was the global leader in solar power continues to face headwinds with our domestic manufacturers finding better growth in technological innovation areas like thin films. There is some hope however that more favorable State policies, such as in California will begin to be embraced next year in a faster-evolving Federal solar policy at the national level. “
The Wilderhill Clean Energy Index was up $5.08 (2.30%) at the close May 13, 2008.
Tom Djokovich, CEO, of California based XsunX, Inc.(OTCBB: XSNX) reports , “This year we began executing plans developed last year, to build a thin film amorphous solar module manufacturing facility. Recently we secured a 90,000 sq. ft. facility in Portland OR, to house our first 25MW with over $1 million of nearly new manufacturing support infrastructure in place, and we’re working to finalizing several important material supply contracts. While we’ve been working to get our commercial production ready for first quarter 2009 it appears that the industry has begun to take notice of the superior solar absorbing qualities of amorphous silicon. Several other companies have begun announcing their move towards amorphous and I believe that this lends credibility to the path we have taken.”
CEO Ezra Green, provides insight from his solar company with, “At Clear Skies Solar (OTCBB:CSKH) we're seeing an increase in inquiries and business not only from large US Corporations who are looking for ways to minimize utility expenses, but also from countries such as Spain and Greece and developing countries like India seeking viable energy solutions. We are even being approached by commercial farmers trying to reduce their carbon footprints. In addition, with our own internal research and development department, we're also able to keep ahead of the curve in providing innovative technologies for solar energy users. Clear Skies Solar's XTRAX®, which delivers reliable autonomous data readings for solar energy systems around the United States, is just one example of the innovative new products we are bringing to market.”
Clear Skies Solar (OTCBB: CSKH) closed up 14.81 % at market close.
According to solar expert J.Peter Lynch, “Solar Stocks have again surprised the street and beaten estimates, some by a wide margin. I do expect that the industry will see some margin pressures in 2009, but for now solar stocks have regained momentum and are for the most part technically strong.”
“As you can see from the table below. Most of the stocks are above their short- term technical support (50 -day moving average) as well as, their longer term technical support (200 -day moving average). Momentum is strong and they appear to be coming back from their recent correction.”
US Photovoltaic Related Stocks:
*As of Market data May13, 2008
Name Recent Price 50 Day MA 200 Day MA
Akeena Solar, Inc. 5.2 6.658 6.797
Ascent Solar Technologies, Inc. 15.26 14.285 15.146
Canadian Solar Inc. 34.1 23.652 17.026
China Sunergy Company Ltd. 9.94 8.196 9.141
Distributed Energy Systems Corp. 0.44 0.478 0.601
DayStar Technologies Inc. 4.04 3.188 4.09
EMCORE Corporation 6.92 7.425 9.659
Energy Conversion Devices Inc 51.62 31.343 28.395
Evergreen Solar, Inc. 8.21 9.191 10.81
First Solar, Inc. 284.84 249.255 188.353
JA Solar Holdings Co., Ltd 22.1 19.963 17.732
LDK Solar Company Ltd. 37.46 29.619 40.254
ReneSola, Ltd. (United Kingdom) ADR 18.83 13.125 12.733
Solarfun Power Holdings Co. 14.94 12.925 15.319
Spire Corporation 13.71 14.753 15.806
Sunpower Corporation 84.4 78.013 89.574
Suntech Power Holdings 41.6 40.976 50.162
Trina Solar Limited 41.6 36.584 44.772
MEMC Electronic Materials, Inc. 67.44 74.049 70.417
Yingli Green Energy Holding Company Limited 22.58 19.429 24.074
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTC BB: CSKH) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. More info can be found on the Investorideas.com Company Showcase, or the company website at www.clearskiesgroup.com.
Featured Showcase Solar Company: XsunX Inc.(OTCBB: XSNX) is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. More info can be found on the Investorideas.com Company Showcase, or the company website at http://www.xsunx.com/.
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Tuesday, May 13, 2008
Solar stock , Canadian Solar Reports First Quarter 2008 Results- Net income for the quarter was $19.0 million, or $0.61 per diluted share
Canadian Solar Reports First Quarter 2008 Results-
JIANGSU, China, May 13 2008 -- Canadian Solar Inc.(Nasdaq: CSIQ) today reported its preliminary unaudited US GAAP financial information for the first quarter ended March 31, 2008.
Net revenues for the quarter were $171.2 million (including $2.2 million of silicon material sales), compared to net revenues of $17.5 million for the first quarter of 2007 (including $2.8 million of silicon materials sales) and $127.5 million for the fourth quarter of 2007 (including $2.4 million of silicon materials sales). Net income for the quarter was $19.0 million, or $0.61 per diluted share, compared to a net loss of $3.9 million, or $0.14 per diluted share, for the first quarter of 2007 and net income of $5.9 million, or $0.21 per diluted share, for the fourth quarter of 2007. If share-based compensation expenses of $2.2 million were excluded, non-GAAP net income for the quarter would have been $21.2 million, or $0.65 per diluted share.
Dr. Shawn Qu, Chairman and CEO of CSI, commented: "I am very pleased with our first quarter results and proud to say that our team has now achieved four consecutive quarters of revenue growth and profit margin improvement. Our impressive performance in the first quarter was due to a result of robust market demand for our products, strong pricing, effective management of foreign exchange exposure, strong operational execution of our flexible vertical integration business model, and our balanced supply strategy, which allowed us to increase our product delivery despite a general market shortage of silicon materials. In Q1, we significantly increased our internal solar cell production, which resulted in a positive impact on our bottom line. Our new Changshu solar module plant was completed on schedule during the quarter. This gave us the ability to quickly increase shipments in March following the severe weather conditions earlier in the year. Deliveries from most of our strategic suppliers are now generally on track."
Bing Zhu, CFO of CSI, noted: "We delivered on our promise to improve our gross margins and we were able to increase diluted earnings per share by close to 200% compared with Q4 2007 due to our disciplined financial management and continued operational efficiency. The significant upside to our bottom line was mainly contributed by three factors -- strong pricing, the strong Euro vs. USD, and our internal cost cutting. Although the large foreign exchange gain is likely a one-time event, we believe that the other factors will remain positive, and will, therefore, help us maintain a similar level of profitability going forward."
Revenue by Geography (US $ millions)
Q108 Q407 Q107 Region Revenue % Revenue % Revenue % Europe 167.6 97.9% 124.1 97.3% 12.1 69.4% Asia 2.4 1.4% 2.9 2.3% 3.3 18.9% Americas 1.2 0.7% 0.5 0.4% 2.1 11.7% Total Net 171.2 100% 127.5 100% 17.5 100% Revenue
Note: Asian revenue included $2.2 million of silicon materials sales in the first quarter of 2008 and $2.4 million of silicon materials sales in the fourth quarter of 2007.
Recent Developments
We commenced commercial production of e-Modules, a cost-effective medium power solar module product using 100% upgraded metallurgical grade (UMG) silicon, in March. We converted one of our solar cell lines and dedicated it to UMG cells in early April and ramped up to full production shortly thereafter. We have produced approximately one MW of UMG cells over the past four weeks. We believe that we have so far achieved the technical and economic parameters which we preset for the ramp up phase. Delivery of e-Modules to our European and US customers started in early May. We believe that we are on track to achieve our prior estimate of shipping 30-40MW of e-Modules in 2008.
Outlook
Dr. Qu continued: "We also believe that we are on track to achieve our prior guidance of shipping 200 -220MW of regular solar modules in 2008, not including shipments of e-Modules, and to continue our record of quarter over quarter revenue growth. We intend to continue our long-term and proven supply chain strategy of combining internal solar wafer and cell production with direct purchasing from a select number of long-term strategic wafer and cell suppliers. We expect that many of the positive market trends that we witnessed in Q1 will continue for the rest of the year, and believe that the gross margin that we were able to achieve in Q1 bodes well for our ability to achieve our 13% - 15% gross margin target for the year."
Net revenue for Q208 is expected to be in the range of $185 - $190 million, with non-GAAP net income, determined by excluding share based compensation expenses, expected to be in the range of $17 - $18 million. Shipments for Q208 are expected to be approximately 45MW, including some tolling business.
Looking ahead to 2009, if all of our long-term supply contracts are fully implemented, we will have access to 200MW of regular polysilicon and wafers. Based on our strong position as a worldwide photovoltaic solar module supplier and the expansion plans of our strategic partners, we believe that we should be able to secure an additional 200MW of regular polysilicon and wafers, thereby enabling us to produce approximately 400MW of regular photovoltaic solar modules. In addition, we expect to produce 100 - 150MW of UMG silicon products in 2009.
Investor Conference Call / Webcast Details
A conference call has been scheduled for 8:00 p.m. on Tuesday, May 13, 2008 (in Jiangsu). This will be 8:00 a.m. on Tuesday, May 13, 2008 in New York. During the call, time will be set-aside for analysts and interested investors to ask questions of senior executive officers of the Company.
The call may be accessed by dialing: +1-800-688-0836 (domestic) or +1-617- 614-4072 (international). The passcode to access the call is: 98964967. A replay of the call will be available starting one hour after the call and continuing until 10:00 p.m. on Tuesday, May 20, 2008 (in Jiangsu) or 10:00 a.m. on Tuesday, May 10, 2008 (in New York) at http://www.csisolar.com and by telephone at 1-888-286-8010 (domestic) or +1-617-801-6888 (international). The passcode to access the replay is: 11545239.
About Canadian Solar Inc. (Nasdaq: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on May 29, 2007. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
see company news for full details -
http://ca.news.finance.yahoo.com/s/13052008/31/link-finance-news-canadian-solar-reports-first-quarter-2008-results.html
JIANGSU, China, May 13 2008 -- Canadian Solar Inc.(Nasdaq: CSIQ) today reported its preliminary unaudited US GAAP financial information for the first quarter ended March 31, 2008.
Net revenues for the quarter were $171.2 million (including $2.2 million of silicon material sales), compared to net revenues of $17.5 million for the first quarter of 2007 (including $2.8 million of silicon materials sales) and $127.5 million for the fourth quarter of 2007 (including $2.4 million of silicon materials sales). Net income for the quarter was $19.0 million, or $0.61 per diluted share, compared to a net loss of $3.9 million, or $0.14 per diluted share, for the first quarter of 2007 and net income of $5.9 million, or $0.21 per diluted share, for the fourth quarter of 2007. If share-based compensation expenses of $2.2 million were excluded, non-GAAP net income for the quarter would have been $21.2 million, or $0.65 per diluted share.
Dr. Shawn Qu, Chairman and CEO of CSI, commented: "I am very pleased with our first quarter results and proud to say that our team has now achieved four consecutive quarters of revenue growth and profit margin improvement. Our impressive performance in the first quarter was due to a result of robust market demand for our products, strong pricing, effective management of foreign exchange exposure, strong operational execution of our flexible vertical integration business model, and our balanced supply strategy, which allowed us to increase our product delivery despite a general market shortage of silicon materials. In Q1, we significantly increased our internal solar cell production, which resulted in a positive impact on our bottom line. Our new Changshu solar module plant was completed on schedule during the quarter. This gave us the ability to quickly increase shipments in March following the severe weather conditions earlier in the year. Deliveries from most of our strategic suppliers are now generally on track."
Bing Zhu, CFO of CSI, noted: "We delivered on our promise to improve our gross margins and we were able to increase diluted earnings per share by close to 200% compared with Q4 2007 due to our disciplined financial management and continued operational efficiency. The significant upside to our bottom line was mainly contributed by three factors -- strong pricing, the strong Euro vs. USD, and our internal cost cutting. Although the large foreign exchange gain is likely a one-time event, we believe that the other factors will remain positive, and will, therefore, help us maintain a similar level of profitability going forward."
Revenue by Geography (US $ millions)
Q108 Q407 Q107 Region Revenue % Revenue % Revenue % Europe 167.6 97.9% 124.1 97.3% 12.1 69.4% Asia 2.4 1.4% 2.9 2.3% 3.3 18.9% Americas 1.2 0.7% 0.5 0.4% 2.1 11.7% Total Net 171.2 100% 127.5 100% 17.5 100% Revenue
Note: Asian revenue included $2.2 million of silicon materials sales in the first quarter of 2008 and $2.4 million of silicon materials sales in the fourth quarter of 2007.
Recent Developments
We commenced commercial production of e-Modules, a cost-effective medium power solar module product using 100% upgraded metallurgical grade (UMG) silicon, in March. We converted one of our solar cell lines and dedicated it to UMG cells in early April and ramped up to full production shortly thereafter. We have produced approximately one MW of UMG cells over the past four weeks. We believe that we have so far achieved the technical and economic parameters which we preset for the ramp up phase. Delivery of e-Modules to our European and US customers started in early May. We believe that we are on track to achieve our prior estimate of shipping 30-40MW of e-Modules in 2008.
Outlook
Dr. Qu continued: "We also believe that we are on track to achieve our prior guidance of shipping 200 -220MW of regular solar modules in 2008, not including shipments of e-Modules, and to continue our record of quarter over quarter revenue growth. We intend to continue our long-term and proven supply chain strategy of combining internal solar wafer and cell production with direct purchasing from a select number of long-term strategic wafer and cell suppliers. We expect that many of the positive market trends that we witnessed in Q1 will continue for the rest of the year, and believe that the gross margin that we were able to achieve in Q1 bodes well for our ability to achieve our 13% - 15% gross margin target for the year."
Net revenue for Q208 is expected to be in the range of $185 - $190 million, with non-GAAP net income, determined by excluding share based compensation expenses, expected to be in the range of $17 - $18 million. Shipments for Q208 are expected to be approximately 45MW, including some tolling business.
Looking ahead to 2009, if all of our long-term supply contracts are fully implemented, we will have access to 200MW of regular polysilicon and wafers. Based on our strong position as a worldwide photovoltaic solar module supplier and the expansion plans of our strategic partners, we believe that we should be able to secure an additional 200MW of regular polysilicon and wafers, thereby enabling us to produce approximately 400MW of regular photovoltaic solar modules. In addition, we expect to produce 100 - 150MW of UMG silicon products in 2009.
Investor Conference Call / Webcast Details
A conference call has been scheduled for 8:00 p.m. on Tuesday, May 13, 2008 (in Jiangsu). This will be 8:00 a.m. on Tuesday, May 13, 2008 in New York. During the call, time will be set-aside for analysts and interested investors to ask questions of senior executive officers of the Company.
The call may be accessed by dialing: +1-800-688-0836 (domestic) or +1-617- 614-4072 (international). The passcode to access the call is: 98964967. A replay of the call will be available starting one hour after the call and continuing until 10:00 p.m. on Tuesday, May 20, 2008 (in Jiangsu) or 10:00 a.m. on Tuesday, May 10, 2008 (in New York) at http://www.csisolar.com and by telephone at 1-888-286-8010 (domestic) or +1-617-801-6888 (international). The passcode to access the replay is: 11545239.
About Canadian Solar Inc. (Nasdaq: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on May 29, 2007. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
see company news for full details -
http://ca.news.finance.yahoo.com/s/13052008/31/link-finance-news-canadian-solar-reports-first-quarter-2008-results.html
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