Archive for September, 2008

ECD Sees Increasing Demand for Its Products; No Change to Company Fundamentals; Revenues and Growth Outlook Remain Positive

Sept 24, 2008 – Energy Conversion Devices, Inc. [ECD] (NASDAQ: ENER), a global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, commented on statements by Solar Integrated Technologies, Inc., regarding the cancellation or delay of certain of SIT’s projects in the US due to uncertainty regarding the US [...]

Super Investor Buffet Buys Owner of Nuclear Facility

Berkshire Hathaway’s subsidiary MidAmerican Energy Holdings reached a definitive agreement to buy Constellation Energy for about $4.7 billion, $26.50 per share.  Constellation Energy owns the Nine Mile Point [not to be confuse with Three Mile Island] nuclear plant in New York state.  Constellation Energy had revenue of $21 billion in 2007 & is the largest [...]

Save Energy: Stow the Hummer & Walk to School

October 3, 2007 was “International Walk to School Day” & October is Walk to School Month.  October is rapidly approaching.  The City of Newton, Massachusetts is promoting it for its students.  If schools around the country promoted this there would be many benefits: less gas used by inefficient buses or Hummers driving one student to a [...]

Solar Exhibit at South Florida Science Museum

In West Palm Beach, Florida, you can see a model village powered by voltaic cells which charge twelve-volt batteries. A model railroad moves through the village and some business light up and play audio. The museum also has many other scientific exhibits, some of them hands-on. For more information please visit http://www.sfsm.org/.

OPT Deploys PowerBuoy for First Commercial Wave Power Project with Iberdrola

Sept. 23, 2008 – Ocean Power Technologies, Inc. (NASDAQ: OPTT) announced that it has deployed its first PowerBuoy® under contract with Iberdrola SA, a large renewable energy company, and its partners, at a site approximately 3 miles off the coast of Santona, Spain. As noted by Iberdrola, the deployment of OPT’s PB40 PowerBuoy is the [...]

ECONOMY – GREEN ENERGY / ALTERNATIVE ENERGY – WHERE NOW?

Sep 22, 2008 – Where are the US and international economies headed after the recent turbulence in the US and international stock exchanges?  US Treasury Secretary  Paulson and Fed Chief Bernanke have requested $700 billion to bail out cratering financial institutions and presumably have Democrat and Republican support to act fast to pass the enabling [...]

Ormat Technologies Secures Geothermal Rights in Alaska

Ormat Technologies, Inc. (NYSE: ORA) announced that it has secured geothermal rights for approximately 35,000 acres of land to explore geothermal energy in the vicinity of Anchorage, Alaska’s largest city, for a total purchase price of approximately $3.3 million.   Ormat won 15 of the 16 tracts offered for lease on Mount Spurr, a snowcapped [...]

PSEG’s CEO: Climate Change Response Presents Opportunities for Economic Growth

Sep 12, 2008 – Ralph Izzo, PSEG CEO, in a keynote speech today at the Newark Green Future Summit spearheaded by the Clinton Global Initiative to promote sustainable economic development and discussion about the “greening” of Newark’s economy and community, called climate change “the greatest environmental challenge of our time” and said it presented a [...]

Price of Oil

The price of oil closed today [Sep 16, 2008] at US$91.42.  The US stock  market has been on a roller coaster the last few days and weeks while oil price has been declining drastically since reaching a high near $140 earlier this summer.  The drop continued today even with closure of most drilling in the [...]

Suntech Announces Groundbreaking of PV Cell Production Facility in Yangzhou, China

Suntech Power Holdings Co., Ltd. (NYSE: STP), a leading manufacturer of photovoltaic (PV) cells and modules, announced the groundbreaking of a new PV cell production facility in Yangzhou, Jiangsu province, China.  Suntech intends to complete the facility with a PV cell production capacity of 300MW by the end of 2009.  The new production site will [...]

VeraSun Announces Common Stock Offering

BROOKINGS, SD, Sept. 16 -  VeraSun Energy Corporation (NYSE: VSE) announced today that it has commenced a public offering of 20,000,000 shares of its common stock, subject to market conditions. VeraSun expects to grant its underwriters a 30-day option to purchase up to an additional 3,000,000 shares to cover overallotments, if any. VeraSun intends to use [...]

Most Americans Support Solar Energy Developments

94% of Americans support solar energy development mongabay.com June 11, 2008 94 percent of Americans say it’s important for the U.S. to develop and use solar energy, according to a new poll that found support for solar power runs across the political spectrum. The SCHOTT Solar BarometerTM survey, conducted by the independent polling firm, Kelton [...]

AREVA: Worldwide Pure Energy from France ! or ?

Sep 16, 2008 – The first company in our analysis of individual companies is the Areva Group [PINK:ARVCF].  Not because it starts with A, but because it has been touting itself in US newspapers for their renewable energy characteristics and capabilities.  Who is Areva? Let’s look at their ad first [Apology: Having difficulty with inserting [...]

Florida Representative Adam Hasner [R] Campaigning in All Electric Vehicle

Sep 15, 2008 – Three-term Florida State Representative [Rep., District 87] Adam Hasner says on his website that he and his wife both drive hybrid vehicles. He has now announced that from now until the November election his official campaign vehicle will be an all electric Toyota. Hasner was also a co-sponsor of HB 7135 [...]

CNG [Compressed Natural Gas]: Alternative for Gasoline

WHAT IS CNG? Compressed Natural Gas (CNG) is a ready alternative for gasoline that’s made by compressing natural gas to less than 1% of its volume at standard atmospheric pressure. Consisting mostly of methane, CNG is odorless, colorless and tasteless. It is an ascending 21st-century fuel, truly the bridge fuel to emissions-free hydrogen. CNG powers more [...]