JUNO BEACH, Fla.--(BUSINESS WIRE)--Florida Power & Light Company will install cutting-edge solar power arrays at six schools in its service territory to help teach future generations about the benefits of renewable energy.
Each school receiving a ‘Next Generation Solar Education Station’ will be able to generate emissions-free electricity and provide students with a hands-on tool to learn how solar power works.
The recipients of the Next Generation Solar Education Stations are:
* Mandarin Lakes Academy K-8 Center, Homestead (Miami-Dade County)
* Deerfield Beach Middle School (Broward County)
* SunCoast Community High School, Riviera Beach (Palm Beach County)
* J.D. Parker Elementary School, Stuart (Martin County)
* Hinson Middle School, Daytona Beach (Volusia County)
* L.A. Ainger Middle School, Rotunda West (Charlotte County)
“The next generation of Floridians will live in a world where renewable energy is a central part of the economy and our way of life. The Next Generation Solar Education Stations we are building will give students a head start on understanding the critical role solar power will play in that future,” said FPL President and CEO Armando J. Olivera.
When each FPL Next Generation Solar Education Station is complete, it will provide 5 kilowatts of solar electricity. The solar installation will save the schools about $800 each year in electricity costs while giving teachers a way to focus science education on essential energy technologies of the future.
Photovoltaic panels convert sunlight directly into electricity, which will help power the school’s lighting and air-conditioning systems, particularly on hot days when demand for electricity is at its highest. Any excess power will be fed into the electrical grid to offset electric costs. The FPL Group Foundation is paying for the installation of the six solar arrays this year as part of a pilot program. The Foundation is partnering on this initiative with SunPower Corp., a manufacturer of high-efficiency solar cells, solar panels and solar systems, and the company that designed and is building FPL’s commercial-scale photovoltaic solar sites in DeSoto and Brevard counties.
“We congratulate FPL on its on-going leadership in the development of renewable energy,” said Howard Wenger, president, global business units for SunPower. “SunPower is proud to partner with FPL on this initiative. It is our hope that these systems in Florida’s schools inspire new generations of informed energy consumers to be advocates for our environment and clean, renewable solar power.”
Unlike most small-scale photovoltaic solar arrays, which are mounted on rooftops, FPL’s Next Generation Solar Education Stations will be mounted on the ground to maximize their effectiveness as a teaching tool. The FPL Group Foundation also will provide teacher training and curriculum materials to help create age-appropriate renewable energy lessons for students. All materials will be housed on FPL’s Web site.
In addition to these six Next Generation Solar Education Stations, FPL also is the first company to bring commercial-scale solar power to Florida. The company will build three solar sites around the state totaling 110 megawatts of emissions-free energy. When complete, these projects will make Florida the No. 2 producer of solar energy in the nation and strengthen FPL Group’s position as the nation’s clean energy leader.
Among the company’s other clean-energy achievements:
* FPL Group is the nation’s No. 1 producer of renewable energy from wind. The company has 65 projects in 16 states with a capacity of nearly 6,400 megawatts of electricity, or enough to power more than 1.5 million homes and businesses with zero carbon emissions.
* FPL Group is the nation’s No. 1 producer of renewable energy from solar. The company operates the largest solar thermal plant in the world in California’s Mojave Desert, the 310-megawatt Solar Electric Generating System.
* FPL is the nation’s No. 1 utility for energy conservation, according to U.S. Department of Energy data. FPL’s conservation programs have helped the company avoid the need to build 12 medium-size power plants since 1980, more than any other utility.
Florida Power & Light Company
Florida Power & Light Company (FPL) is the largest electric utility in Florida and one of the largest rate-regulated utilities in the United States. FPL serves 4.5 million customer accounts in Florida and is a leading employer in the state with nearly 11,000 employees. The company consistently outperforms national averages for service reliability while customer bills are well below the national average. A clean energy leader, FPL has one of the lowest emissions profiles and the No. 1 energy efficiency program among utilities nationwide. FPL is a subsidiary of Juno Beach, Fla.-based FPL Group (NYSE:FPL). For more information, visit http://www.fpl.com.
Tuesday, March 31, 2009
Applied Materials Statement on European Patent Office Decision Revoking University of Neuchatel Patent
SANTA CLARA, Calif.--(BUSINESS WIRE)--In an oral decision issued today, the European Patent Office (EPO) revoked European Patent No. EP 0 871 979 issued to the University of Neuchatel (the Neuchatel patent), which pertains to solar photovoltaic (PV) technology. The Neuchatel patent is the subject of a lawsuit filed in Germany by OC Oerlikon Balzers AG, Liechtenstein alleging patent infringement against an Applied Materials thin film solar customer.
Following oral proceedings held on March 31 in Berlin, Germany, the EPO panel ruled that the Neuchatel patent is invalid in its entirety and accordingly revoked the patent. The University of Neuchatel may appeal this decision to an EPO Board of Appeal.
Applied Materials’ product offering for manufacturing thin film solar PV modules – the Applied SunFab™ line – is a fully integrated production line that delivers leading-edge manufacturing capability using advanced engineering, process equipment, diagnostics, automation and emissions abatement systems. Adapted from production-proven processes including Applied’s market-leading PECVD system, the SunFab line is the only production line for manufacturing ultra-large 5.7 m2 thin film solar PV modules. Each line can be configured with single or tandem junction technology and is optimized to lower customers’ manufacturing costs.
Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in Nanomanufacturing Technology™ solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and energy efficient glass. At Applied Materials, we apply Nanomanufacturing Technology to improve the way people live. Learn more at www.appliedmaterials.com.
Following oral proceedings held on March 31 in Berlin, Germany, the EPO panel ruled that the Neuchatel patent is invalid in its entirety and accordingly revoked the patent. The University of Neuchatel may appeal this decision to an EPO Board of Appeal.
Applied Materials’ product offering for manufacturing thin film solar PV modules – the Applied SunFab™ line – is a fully integrated production line that delivers leading-edge manufacturing capability using advanced engineering, process equipment, diagnostics, automation and emissions abatement systems. Adapted from production-proven processes including Applied’s market-leading PECVD system, the SunFab line is the only production line for manufacturing ultra-large 5.7 m2 thin film solar PV modules. Each line can be configured with single or tandem junction technology and is optimized to lower customers’ manufacturing costs.
Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in Nanomanufacturing Technology™ solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and energy efficient glass. At Applied Materials, we apply Nanomanufacturing Technology to improve the way people live. Learn more at www.appliedmaterials.com.
Solarcoating Machinery Selects iTi Solar for Integrated Inkjet Roll-to-Roll Solar Cell Manufacturing Solution
BOULDER, Colo.--(BUSINESS WIRE)--iTi Solar, a manufacturer dedicated to advancing the economics of clean, renewable energy through the use of industrial inkjet technologies, today announced it has been selected by Solarcoating Machinery GmbH (ScM) of Germany, a supplier of turnkey production line solutions for flexible solar cell fabrication, to provide the first digital inkjet system for its integrated roll-to-roll solar cell manufacturing production line. iTi Solar will provide ScM with precision digital industrial inkjet systems that improve production efficiencies and reduce manufacturing costs.
iTi Solar’s proven, industrial single-pass inkjet printing technology will be integrated into ScM’s flexible, roll-to-roll manufacturing line process allowing manufacturers to print on photovoltaic solar cells at a fraction of the cost of traditional analog deposition technologies. ScM provides solutions from pilot line to full production for solar cell manufacturers, including the equipment for making flexible solar cells, packaging them into flexible modules and bonding them to other flexible substrates, such as fabrics.
“Solar cell manufacturers around the world want to produce quality, high-efficiency solar cells that enable solar energy to cost-effectively compete with traditional energy sources,” said Thomas Kolbusch, managing director, ScM GmbH. “We believe inkjet technologies represent a powerful tool in reducing manufacturing costs and improving efficiency. iTi Solar’s substantial knowledge, expertise and proven leadership in industrial inkjet technologies and their focus on applying these technologies to solar cell manufacturing systems made them our clear choice. iTi Solar’s digital inkjet process workstations will be instrumental to our goal of providing low cost, fully integrated solar cell manufacturing systems.”
Inkjet technology is emerging as an adaptable, precise printing method that advances solar cell manufacturing processes while reducing costs by minimizing materials usage and waste through the use of non-contact, digitally controlled, additive materials deposition. Inkjet is applicable to both rigid silicon-based and flexible thin-film photovoltaic cells.
“Combining inkjet processes in a roll-to-roll or rigid substrate production environment provides many advantages for solar cell manufacturers,” said Dr. Ross Mills, chairman, founder and chief technology officer, iTi Corporation. “Inkjet is ideal for use with a roll-to-roll process used for flexible substrates. With the addition of iTi Solar, ScM has added another leading-edge technology to its family of pilot line and full production solutions.”
ScM will also incorporate the iTi Solar inkjet system as an optional module for its Click&Coat™ coating system, a flexible approach that gives customers maximum flexibility for manufacturing line system configurations. The Click&Coat™ system is applicable for both flexible substrates such as thin plastics and rigid substrates such as glass and silicon. The single-pass technology is installed in multiple locations around the world supporting many types of applications and manufacturing processes.
Inkjet printing represents a potent economic tool for accurate deposition of liquids and has enormous potential for the direct writing of electronic devices, including solar cells. Current methods are expensive because they require the sequential deposition, patterning, and etching of selected semiconducting, conducting, and insulating materials, involving multiple photolithography, screen and vacuum-deposition processes. Inkjet processes have the potential to greatly simplify the fabrication of solar panels by:
* Reducing the number of manufacturing steps
* Making more efficient use of expensive materials, and
* Eliminating much of the vacuum equipment that often requires a clean room environment.
iTi Solar and ScM work closely with a network of research and development companies to advance the new energy economics of renewable energy, including Risoe, Cetemsa, Holst Centre, National Renewable Energy Laboratory, Printed Electronics and the University of New South Wales.
“In today’s emerging new energy economy, international cooperation and partnership are essential to the advancement of innovative technology breakthroughs,” added Mills. “iTi Solar and ScM are a prime example of market leaders from around the world working closely to deliver next generation technologies that are scalable, economical and practical.”
iTi Solar’s proven, industrial single-pass inkjet printing technology will be integrated into ScM’s flexible, roll-to-roll manufacturing line process allowing manufacturers to print on photovoltaic solar cells at a fraction of the cost of traditional analog deposition technologies. ScM provides solutions from pilot line to full production for solar cell manufacturers, including the equipment for making flexible solar cells, packaging them into flexible modules and bonding them to other flexible substrates, such as fabrics.
“Solar cell manufacturers around the world want to produce quality, high-efficiency solar cells that enable solar energy to cost-effectively compete with traditional energy sources,” said Thomas Kolbusch, managing director, ScM GmbH. “We believe inkjet technologies represent a powerful tool in reducing manufacturing costs and improving efficiency. iTi Solar’s substantial knowledge, expertise and proven leadership in industrial inkjet technologies and their focus on applying these technologies to solar cell manufacturing systems made them our clear choice. iTi Solar’s digital inkjet process workstations will be instrumental to our goal of providing low cost, fully integrated solar cell manufacturing systems.”
Inkjet technology is emerging as an adaptable, precise printing method that advances solar cell manufacturing processes while reducing costs by minimizing materials usage and waste through the use of non-contact, digitally controlled, additive materials deposition. Inkjet is applicable to both rigid silicon-based and flexible thin-film photovoltaic cells.
“Combining inkjet processes in a roll-to-roll or rigid substrate production environment provides many advantages for solar cell manufacturers,” said Dr. Ross Mills, chairman, founder and chief technology officer, iTi Corporation. “Inkjet is ideal for use with a roll-to-roll process used for flexible substrates. With the addition of iTi Solar, ScM has added another leading-edge technology to its family of pilot line and full production solutions.”
ScM will also incorporate the iTi Solar inkjet system as an optional module for its Click&Coat™ coating system, a flexible approach that gives customers maximum flexibility for manufacturing line system configurations. The Click&Coat™ system is applicable for both flexible substrates such as thin plastics and rigid substrates such as glass and silicon. The single-pass technology is installed in multiple locations around the world supporting many types of applications and manufacturing processes.
Inkjet printing represents a potent economic tool for accurate deposition of liquids and has enormous potential for the direct writing of electronic devices, including solar cells. Current methods are expensive because they require the sequential deposition, patterning, and etching of selected semiconducting, conducting, and insulating materials, involving multiple photolithography, screen and vacuum-deposition processes. Inkjet processes have the potential to greatly simplify the fabrication of solar panels by:
* Reducing the number of manufacturing steps
* Making more efficient use of expensive materials, and
* Eliminating much of the vacuum equipment that often requires a clean room environment.
iTi Solar and ScM work closely with a network of research and development companies to advance the new energy economics of renewable energy, including Risoe, Cetemsa, Holst Centre, National Renewable Energy Laboratory, Printed Electronics and the University of New South Wales.
“In today’s emerging new energy economy, international cooperation and partnership are essential to the advancement of innovative technology breakthroughs,” added Mills. “iTi Solar and ScM are a prime example of market leaders from around the world working closely to deliver next generation technologies that are scalable, economical and practical.”
San Antonio Recognized as Solar America City for Commitment to Adoption of Solar Energy
SAN ANTONIO--(BUSINESS WIRE)--Mayor Phil Hardberger announced today that the city of San Antonio has been designated as a U.S. Department of Energy (DOE) Solar America City. Through this partnership, San Antonio receives financial and technical assistance to fund innovative solar energy initiatives that are designed to facilitate mainstream adoption of solar energy and will serve as a model for other cities.
The announcement will formally be made at the DOE’s second annual Solar America Cities meeting being hosted in San Antonio March 31 through April 2, where local governments and national solar industry leaders are discussing ways to promote solar energy in today’s economic and policy environment. Mayor Hardberger will kick off a mayors’ roundtable discussion beginning at 2:30 p.m. today. The Solar America Cities annual meeting includes approximately 150 invited participants representing city teams from each of the 25 Solar America Cities.
“The Department of Energy’s investment in the city of San Antonio is welcome support for our commitment to implementing solar energy technologies and programs,” said Mayor Hardberger. “I am proud that our city is being recognized for our leadership in the planning and implementation of clean and renewable solar technology at the local level. Our partnership with the Department of Energy will provide a platform for us to continue our commitment while sharing our successes with other communities.”
San Antonio has the largest currently installed solar energy project in the state of Texas at the historic Pearl Brewery. The $1.35 million project includes the installation of a 200-kilowatt PV array on a 67,000-square-foot facility used for office, retail and residential use. In addition, municipally-owned CPS Energy has demonstrated its commitment to solar with a 100-megawatt RFP.
“The Department of Energy recognizes the important role cities play as champions of progressive renewable energy efforts, and we are especially excited to see San Antonio making this commitment,” said Tom Kimbis, the DOE’s director of the Solar America Cities program. “Solar is a key component of our national energy strategy, and through our Solar America Cities program we are working to improve the nation’s energy security and combat global climate change. Spotlighting progressive cities like San Antonio is helping us do just that.”
The Solar America Cities program was created to accelerate solar energy adoption in the nation’s electricity load centers. The 25 Solar America Cities, including San Antonio, are deploying innovative solar technologies and programs such as mapping tools and creative public-private solar financing arrangements. They are also integrating solar energy into city planning and emergency preparedness plans and conducting workshops for building code officials, solar installers and the public.
In addition to providing financial assistance, the DOE offers hands-on assistance from technical experts to help integrate solar technologies into energy planning, zoning and facilities. The process is meant to streamline local regulations and practices that affect solar adoption by residents and businesses.
The announcement will formally be made at the DOE’s second annual Solar America Cities meeting being hosted in San Antonio March 31 through April 2, where local governments and national solar industry leaders are discussing ways to promote solar energy in today’s economic and policy environment. Mayor Hardberger will kick off a mayors’ roundtable discussion beginning at 2:30 p.m. today. The Solar America Cities annual meeting includes approximately 150 invited participants representing city teams from each of the 25 Solar America Cities.
“The Department of Energy’s investment in the city of San Antonio is welcome support for our commitment to implementing solar energy technologies and programs,” said Mayor Hardberger. “I am proud that our city is being recognized for our leadership in the planning and implementation of clean and renewable solar technology at the local level. Our partnership with the Department of Energy will provide a platform for us to continue our commitment while sharing our successes with other communities.”
San Antonio has the largest currently installed solar energy project in the state of Texas at the historic Pearl Brewery. The $1.35 million project includes the installation of a 200-kilowatt PV array on a 67,000-square-foot facility used for office, retail and residential use. In addition, municipally-owned CPS Energy has demonstrated its commitment to solar with a 100-megawatt RFP.
“The Department of Energy recognizes the important role cities play as champions of progressive renewable energy efforts, and we are especially excited to see San Antonio making this commitment,” said Tom Kimbis, the DOE’s director of the Solar America Cities program. “Solar is a key component of our national energy strategy, and through our Solar America Cities program we are working to improve the nation’s energy security and combat global climate change. Spotlighting progressive cities like San Antonio is helping us do just that.”
The Solar America Cities program was created to accelerate solar energy adoption in the nation’s electricity load centers. The 25 Solar America Cities, including San Antonio, are deploying innovative solar technologies and programs such as mapping tools and creative public-private solar financing arrangements. They are also integrating solar energy into city planning and emergency preparedness plans and conducting workshops for building code officials, solar installers and the public.
In addition to providing financial assistance, the DOE offers hands-on assistance from technical experts to help integrate solar technologies into energy planning, zoning and facilities. The process is meant to streamline local regulations and practices that affect solar adoption by residents and businesses.
The MathWorks Goes Live with One of the Region’s Largest Photovoltaic Arrays
NATICK, Mass.--(BUSINESS WIRE)--The MathWorks today announced the installation of one of Massachusetts’ largest photovoltaic (PV) arrays – a cluster of interconnected solar cells which will generate a portion of the company’s electricity. The project, a 139.08-kilowatt PV array installed by Alteris Renewables and partially funded through the Commonwealth Solar rebate program, will help reduce energy costs, reduce carbon emissions from energy generation, and promote research and development in the emerging technology industry.
“The Patrick Administration is proud to support The MathWorks solar power project through Commonwealth Solar, which is on course toward quadrupling the amount of installed solar electricity in the state by the end of this year,” said Energy and Environmental Affairs Secretary Ian Bowles. “By helping us to reach Governor Patrick’s ambitious goal of 250 megawatts of solar power by 2017, The MathWorks is acting as a clean energy leader.”
As an integral part of The MathWorks energy savings program, the PV array will save an estimated seven percent of the total electricity used in one of three main buildings on the Company’s Natick, Massachusetts campus. The company aims to reduce overall energy use and carbon emissions from energy generation by at least 20 percent within two years.
“According to the U.S. Department of Energy, the commercial sector represents the largest area of electricity use nationally – consuming 46% of the nation’s total electricity,” explains Jeanne O’Keefe, Chief Financial Officer, The MathWorks. “We assessed our environmental impact – both locally and globally – and, with the help of Alteris and the Commonwealth Solar rebate program, are taking steps to minimize our footprint. By installing the PV array as part of our overall energy savings initiative we are reducing the strain on current power grid resources and maximizing the use of clean, renewable energy.”
“We are delighted to have partnered with The MathWorks on this project, helping them to meet their clean energy goals,” said Ron French, President of Alteris Renewables, “The MathWorks is a leader in an emerging trend among businesses to integrate solar for environmental as well as financial reasons.”
The new PV array installation consists of 456 SunPower SPR-305 modules covering as much of the available roof space as feasible. Each module generates 305 watts, giving the system an overall capacity of 139.08 kilowatts. The total energy production is estimated to be 155,000 kilowatt-hours annually.
In addition to the PV array installation, The MathWorks has implemented programs to reduce energy consumption through changes to lighting, heating/ventilation and computer equipment. The company is also utilizing its own tools, MATLAB and Simulink, to develop building energy models and identify opportunities for energy waste reduction.
“The Patrick Administration is proud to support The MathWorks solar power project through Commonwealth Solar, which is on course toward quadrupling the amount of installed solar electricity in the state by the end of this year,” said Energy and Environmental Affairs Secretary Ian Bowles. “By helping us to reach Governor Patrick’s ambitious goal of 250 megawatts of solar power by 2017, The MathWorks is acting as a clean energy leader.”
As an integral part of The MathWorks energy savings program, the PV array will save an estimated seven percent of the total electricity used in one of three main buildings on the Company’s Natick, Massachusetts campus. The company aims to reduce overall energy use and carbon emissions from energy generation by at least 20 percent within two years.
“According to the U.S. Department of Energy, the commercial sector represents the largest area of electricity use nationally – consuming 46% of the nation’s total electricity,” explains Jeanne O’Keefe, Chief Financial Officer, The MathWorks. “We assessed our environmental impact – both locally and globally – and, with the help of Alteris and the Commonwealth Solar rebate program, are taking steps to minimize our footprint. By installing the PV array as part of our overall energy savings initiative we are reducing the strain on current power grid resources and maximizing the use of clean, renewable energy.”
“We are delighted to have partnered with The MathWorks on this project, helping them to meet their clean energy goals,” said Ron French, President of Alteris Renewables, “The MathWorks is a leader in an emerging trend among businesses to integrate solar for environmental as well as financial reasons.”
The new PV array installation consists of 456 SunPower SPR-305 modules covering as much of the available roof space as feasible. Each module generates 305 watts, giving the system an overall capacity of 139.08 kilowatts. The total energy production is estimated to be 155,000 kilowatt-hours annually.
In addition to the PV array installation, The MathWorks has implemented programs to reduce energy consumption through changes to lighting, heating/ventilation and computer equipment. The company is also utilizing its own tools, MATLAB and Simulink, to develop building energy models and identify opportunities for energy waste reduction.
ICP Solar Announces Business Update
MONTREAL--(BUSINESS WIRE)--ICP Solar Technologies Inc. (OTCBB: ICPR.OB, FRANKFURT: K1U.F), a developer, manufacturer and marketer of proprietary solar panels and products, today announced that it continues to see traction in its path to profitability this year. Since the beginning of 2009, the Company has further reduced overhead expenses and increased gross margins, while its order book remains strong. In light of these operational improvements, the Company anticipates holding its first ever earnings conference call on or around April 29th for its fiscal year end. Additional details will be forthcoming.
“We are pleased to report continued improvement in our performance and the underlying fundamentals of our business,” said Sass Peress, CEO. “Our order book remains healthy, and we have seen new orders stay relatively constant as the year progresses. In addition, our Sunsei® GreenMeter® distribution has gone according to plan, and we have several installations up and running flawlessly – with many new products set to be launched in the months ahead thanks to the substantial research and development conducted during the past year. In challenging times such as these, we are gratified to see consumers remain steadfast in their choice of the high-quality Sunsei® and well-recognized Coleman® brands, which fit the needs for versatility, durability, and ease of use in a variety of solar energy applications. ICP Solar sees fiscal 2010 as starting off well, and we look forward to holding our first ever earnings call later next month.”
“We are pleased to report continued improvement in our performance and the underlying fundamentals of our business,” said Sass Peress, CEO. “Our order book remains healthy, and we have seen new orders stay relatively constant as the year progresses. In addition, our Sunsei® GreenMeter® distribution has gone according to plan, and we have several installations up and running flawlessly – with many new products set to be launched in the months ahead thanks to the substantial research and development conducted during the past year. In challenging times such as these, we are gratified to see consumers remain steadfast in their choice of the high-quality Sunsei® and well-recognized Coleman® brands, which fit the needs for versatility, durability, and ease of use in a variety of solar energy applications. ICP Solar sees fiscal 2010 as starting off well, and we look forward to holding our first ever earnings call later next month.”
Solyndra Announces Completion of Commercial Rooftop Solar System in Livermore, California
FREMONT, Calif.--(BUSINESS WIRE)--Solyndra Inc., a manufacturer of proprietary photovoltaic (PV) systems designed to optimize solar electricity production on commercial rooftops, announced the completion and full operation of a 132 kWp system by SPG Solar, Inc., on the rooftop of Cinema West’s Livermore Cinemas in Livermore, CA. This project is one of many major commercial installations that have been completed or are underway with Solyndra PV systems in the US and Europe.
Solyndra’s PV system design allows maximum coverage and easy installation on commercial low-slope rooftops. There is no need for roof-penetrating mounts or ballast to hold panels in place and, as a result, the installation took less than 4 days. According to Dave Corkill, Owner of Livermore Cinemas, “No other system could offset as much power – the installation was over before we knew it.”
The Livermore project involved covering a complex roof shape with many areas not aligned in the north/south direction. Whereas conventional PV panels would have needed to be tilted facing southward to avoid significant energy loss, the orientation of Solyndra panels has minimal impact on overall energy yield. “The Solyndra system allowed us to maximize the available roof space, minimize labor and installation costs and increase power production – which allowed us to optimize our client’s investment in solar,” adds Ted Walsh, Director of Commercial Development, SPG Solar, Inc.
“The efficiency of installation saved us time and money, and we were able to pass those savings onto Cinema West. Solyndra’s PV system is emerging as a truly innovative and excellent solution for rooftop solar applications,” says Dan Thompson, Founder, President & CEO, SPG Solar, Inc.
“We are very pleased to announce this project by SPG Solar, ” says Dr. Kelly Truman, Solyndra’s Vice President of Marketing, Sales and Business Development. “Solyndra’s products passed smoothly through permitting and commissioning, helping a great partner quickly meet their business needs.”
Solyndra’s PV system design allows maximum coverage and easy installation on commercial low-slope rooftops. There is no need for roof-penetrating mounts or ballast to hold panels in place and, as a result, the installation took less than 4 days. According to Dave Corkill, Owner of Livermore Cinemas, “No other system could offset as much power – the installation was over before we knew it.”
The Livermore project involved covering a complex roof shape with many areas not aligned in the north/south direction. Whereas conventional PV panels would have needed to be tilted facing southward to avoid significant energy loss, the orientation of Solyndra panels has minimal impact on overall energy yield. “The Solyndra system allowed us to maximize the available roof space, minimize labor and installation costs and increase power production – which allowed us to optimize our client’s investment in solar,” adds Ted Walsh, Director of Commercial Development, SPG Solar, Inc.
“The efficiency of installation saved us time and money, and we were able to pass those savings onto Cinema West. Solyndra’s PV system is emerging as a truly innovative and excellent solution for rooftop solar applications,” says Dan Thompson, Founder, President & CEO, SPG Solar, Inc.
“We are very pleased to announce this project by SPG Solar, ” says Dr. Kelly Truman, Solyndra’s Vice President of Marketing, Sales and Business Development. “Solyndra’s products passed smoothly through permitting and commissioning, helping a great partner quickly meet their business needs.”
Monday, March 30, 2009
Evolution Solar Comments on Sharp Increase in Solar Stocks
TEMPE, Ariz.--(BUSINESS WIRE)--Evolution Solar Corporation's (Pink Sheets:EVSO - News) CEO, Robert Kaapke made the following comments regarding Surge in Solar Stocks:
Recently we saw a sharp run up in solar stocks that can be attributed to several things. The Chinese government alerted all silicon, ingot, wafer, cell, and panel manufactures that it intends to announced a very aggressive Solar subsidy that is equivalent to $3 USD per installed watt, in cash, as an incentive to aid the Chinese population to install solar. Currently in China non UL, non CE, and non TUV panels can be purchased for under $2 per watt. Chinese solar companies in particular moved up sharply; Trina Solar (NYSE:TSL - News) and Yingli Green Energy (NYSE:YGE - News) were up over 40% on the news, China Sunergy (NASDAQ:CSUN - News) was up 30% and SunTech (NYSE:STP - News) moved up 44%.
According to our international sources, the Japanese may soon follow suit with an announcement of a substantial subsidy for solar installation which we could see in the next few weeks.
With the combination of lower panel prices, renewed Federal and State incentives, utility rebates, the finance freeze thawing out, and oil prices moving up, Solar is once again looking awfully attractive. When you take into consideration the increased value of your home upon a solar installation and the tremendous credits and rebates available, you can literally install solar for 20 cents on the dollar. We at Evolution Solar Corp. expect to see substantial gains from the recent international activities. Even the giant First Solar (NASDAQ:FSLR - News) saw its stock price move up dramatically on the news, while GE Solar (NYSE:GE - News) reduced staff to be more in line with its facility output.
Recently we saw a sharp run up in solar stocks that can be attributed to several things. The Chinese government alerted all silicon, ingot, wafer, cell, and panel manufactures that it intends to announced a very aggressive Solar subsidy that is equivalent to $3 USD per installed watt, in cash, as an incentive to aid the Chinese population to install solar. Currently in China non UL, non CE, and non TUV panels can be purchased for under $2 per watt. Chinese solar companies in particular moved up sharply; Trina Solar (NYSE:TSL - News) and Yingli Green Energy (NYSE:YGE - News) were up over 40% on the news, China Sunergy (NASDAQ:CSUN - News) was up 30% and SunTech (NYSE:STP - News) moved up 44%.
According to our international sources, the Japanese may soon follow suit with an announcement of a substantial subsidy for solar installation which we could see in the next few weeks.
With the combination of lower panel prices, renewed Federal and State incentives, utility rebates, the finance freeze thawing out, and oil prices moving up, Solar is once again looking awfully attractive. When you take into consideration the increased value of your home upon a solar installation and the tremendous credits and rebates available, you can literally install solar for 20 cents on the dollar. We at Evolution Solar Corp. expect to see substantial gains from the recent international activities. Even the giant First Solar (NASDAQ:FSLR - News) saw its stock price move up dramatically on the news, while GE Solar (NYSE:GE - News) reduced staff to be more in line with its facility output.
Cymbet Introduces EnerChip™ EH Module for Zero Power Solar Energy Harvesting Devices
MINNEAPOLIS--(BUSINESS WIRE)--Cymbet Corporation today announced that it has introduced the EnerChip™ EH CBC5300 Energy Harvesting Module. This module is used with small photo voltaic cells to power devices using ambient solar energy harvesting. The EnerChip EH provides energy conversion, energy storage and power management in a single package, using new high-efficiency energy conversion techniques and energy aware functions. This compact module comes in a standard 24-pin DIP package and uses two EnerChip CBC050 solid state energy chips to provide 100µAh of power. A “green” power solution, the EnerChip EH module enables designers to rapidly create zero-power devices such as smart building wireless sensors, active RFID tags, patient status devices and equipment data loggers that are more environmentally friendly.
Drop-in Solar Energy Harvesting Power Solutions
Creating power-efficient and cost-effective solar energy harvesting power solutions is a complex task. There are many design variables that must be taken into account. The Cymbet EnerChip EH module solves this complexity by incorporating advanced technologies into a single package that can be used as a drop-in power solution. With >5000 recharge cycles, low self-discharge, fast charging times and stable output voltage, the EnerChip EH can be connected to many different microcontrollers and low-power wireless devices.
“Our new EnerChip EH module offers significant solar conversion and energy efficiency advantages to our customers,” said Bill Priesmeyer, Cymbet CEO. “Integrating EnerChips and innovative energy harvesting circuitry into a single package provides many new ways to create zero-power devices.”
EnerChip EH Solar Evaluation Kit – CBC-EVAL-08
To evaluate the EnerChip EH CBC5300, Cymbet is offering customers the CBC-EVAL-08 Solar Energy Harvesting evaluation kit that contains a solar panel board with a socketed EnerChip EH module. The EVAL-08 board has a 5-pin connector with cable for connection to a target device to be powered. There also is a connector for a customer-supplied solar panel. The EVAL-08 works well in low-light conditions and is an ideal platform for prototyping both indoor and outdoor solar energy harvesting applications.
EnerChip EH CBC5300 Module and EVAL-08 Kit Available Now
The EnerChip EH module and CBC-EVAL-08 Eval kits are available now from several suppliers. They can be purchased as part of the Texas Instruments eZ430-RF2500-SEH solar energy harvesting wireless demo kit at the TI e-store. They are also available from available from the Cymbet Distribution partners listed on the Cymbet Web site.
Zero Power Wireless Sensors Whitepaper
Cymbet also has provided additional information for designers in a free white paper titled “Zero Power Wireless Sensors.” This paper is available on the Company’s Web site at http://www.cymbet.com/content/whitepaper.asp.
Demonstrating the EnerChip EH Module at ESC SJ 2009
Cymbet will be demonstrating the new EnerChip™ EH Module and CBC-EVAL-08 evaluation kit at the Embedded Systems Conference (ESC) in San Jose, Calif., March 31 to April 2 in Booth #436 and in the TI Third Party Pavilion Booth #830.
Drop-in Solar Energy Harvesting Power Solutions
Creating power-efficient and cost-effective solar energy harvesting power solutions is a complex task. There are many design variables that must be taken into account. The Cymbet EnerChip EH module solves this complexity by incorporating advanced technologies into a single package that can be used as a drop-in power solution. With >5000 recharge cycles, low self-discharge, fast charging times and stable output voltage, the EnerChip EH can be connected to many different microcontrollers and low-power wireless devices.
“Our new EnerChip EH module offers significant solar conversion and energy efficiency advantages to our customers,” said Bill Priesmeyer, Cymbet CEO. “Integrating EnerChips and innovative energy harvesting circuitry into a single package provides many new ways to create zero-power devices.”
EnerChip EH Solar Evaluation Kit – CBC-EVAL-08
To evaluate the EnerChip EH CBC5300, Cymbet is offering customers the CBC-EVAL-08 Solar Energy Harvesting evaluation kit that contains a solar panel board with a socketed EnerChip EH module. The EVAL-08 board has a 5-pin connector with cable for connection to a target device to be powered. There also is a connector for a customer-supplied solar panel. The EVAL-08 works well in low-light conditions and is an ideal platform for prototyping both indoor and outdoor solar energy harvesting applications.
EnerChip EH CBC5300 Module and EVAL-08 Kit Available Now
The EnerChip EH module and CBC-EVAL-08 Eval kits are available now from several suppliers. They can be purchased as part of the Texas Instruments eZ430-RF2500-SEH solar energy harvesting wireless demo kit at the TI e-store. They are also available from available from the Cymbet Distribution partners listed on the Cymbet Web site.
Zero Power Wireless Sensors Whitepaper
Cymbet also has provided additional information for designers in a free white paper titled “Zero Power Wireless Sensors.” This paper is available on the Company’s Web site at http://www.cymbet.com/content/whitepaper.asp.
Demonstrating the EnerChip EH Module at ESC SJ 2009
Cymbet will be demonstrating the new EnerChip™ EH Module and CBC-EVAL-08 evaluation kit at the Embedded Systems Conference (ESC) in San Jose, Calif., March 31 to April 2 in Booth #436 and in the TI Third Party Pavilion Booth #830.
Entech Solar Announces Change in Strategic Direction
FORT WORTH, Texas--(BUSINESS WIRE)--Entech Solar (OTCBB:ENSL), a leading developer of concentrating solar energy systems, today announced that it has suspended its manufacturing operations for its current generation of concentrating solar systems to enable the company to focus all of its resources on the rapid development and commercialization of its next generation products. This decision follows a thorough review of the Company’s go-forward growth strategy.
“The implementation of this change in strategic direction is already underway at Entech, and we have moved aggressively to reduce headcount and costs related to our current manufacturing operations,” said Frank Smith, CEO. “The Board made this strategic decision based on the promise of our next generation solar products, which will offer a significantly higher value proposition to customers and address a larger market, including rooftop applications, versus our current systems. The Company is restructuring itself around this new strategy and is dedicating all resources to ensuring its success.”
“I believe, along with the rest of the Board, that this is the best direction for Entech,” said David Gelbaum, Chairman of the Board. “Entech’s next generation solar concentrating products have the potential to be truly disruptive in the solar space – with improved efficiencies, reduced cost, smaller size, and additional applications. I am confident that the future of the Company lies with this development and am committed to seeing it reach commercialization.”
“The implementation of this change in strategic direction is already underway at Entech, and we have moved aggressively to reduce headcount and costs related to our current manufacturing operations,” said Frank Smith, CEO. “The Board made this strategic decision based on the promise of our next generation solar products, which will offer a significantly higher value proposition to customers and address a larger market, including rooftop applications, versus our current systems. The Company is restructuring itself around this new strategy and is dedicating all resources to ensuring its success.”
“I believe, along with the rest of the Board, that this is the best direction for Entech,” said David Gelbaum, Chairman of the Board. “Entech’s next generation solar concentrating products have the potential to be truly disruptive in the solar space – with improved efficiencies, reduced cost, smaller size, and additional applications. I am confident that the future of the Company lies with this development and am committed to seeing it reach commercialization.”
Friday, March 27, 2009
P2 Solar, Inc. Retains Capital Group Communications for Investor Relations and Strategic Consulting Services
SURREY, BRITISH COLUMBIA--(Marketwire - March 27, 2009) - P2 Solar, Inc. (OTCBB:NCII) today announced that it has retained Capital Group Communications, Inc. ("CGC") for strategic investor and media relations services.
San Francisco based CGC is a leading consulting firm that specializes in creating and implementing comprehensive investor, public and media relations for venture stage and emerging growth companies. CGC recently merged with Nagle & Ferri, an eleven year old institutional IR firm headed by former NASDAQ and AMEX professionals. CGC utilizes a long-term, collaborative business model and as a team offers not only investor relations support to licensed professionals, but adds strategic consulting, institutional road shows, media awareness, web development and marketing materials to aid in highlighting their client companies in the market place.
"With the recent name change to P2 Solar, Inc. and the discussions we are having regarding the construction of Solar Power Stations, Capital Group will be instrumental in supporting our communication with the investment community and media, and we anticipate a long and productive relationship," said Mr. Raj Gurm, CEO.
San Francisco based CGC is a leading consulting firm that specializes in creating and implementing comprehensive investor, public and media relations for venture stage and emerging growth companies. CGC recently merged with Nagle & Ferri, an eleven year old institutional IR firm headed by former NASDAQ and AMEX professionals. CGC utilizes a long-term, collaborative business model and as a team offers not only investor relations support to licensed professionals, but adds strategic consulting, institutional road shows, media awareness, web development and marketing materials to aid in highlighting their client companies in the market place.
"With the recent name change to P2 Solar, Inc. and the discussions we are having regarding the construction of Solar Power Stations, Capital Group will be instrumental in supporting our communication with the investment community and media, and we anticipate a long and productive relationship," said Mr. Raj Gurm, CEO.
Yingli Green Energy Announces Potential New Credit Facilities
BAODING,
Under the terms of the strategic cooperation agreement, subject to internal procedures to be conducted in accordance with its risk management and operational regulations, the
"We are pleased that Yingli Group has entered into this strategic cooperation agreement, which we believe will benefit us in helping us secure additional credit facilities, thereby providing us additional financial resources to expand our PV production capacity, commence our polysilicon production and further strengthen our capital position as well as providing us with additional flexibility in business and financial planning," commented Mr.
Suntech Turns Off Lights to Support Earth Hour 2009
"Earth Hour sends a powerful message about the urgent need to protect the future of our planet through energy conservation and sustainable development," said Dr.
Around 500 Suntech employees, customers, partners and government officials will hold an event themed "What do we do if the Earth has no electricity?" in front of the Suntech headquarters 1MW solar facade in Wuxi,
Suntech is committed to utilizing energy efficient technologies at home. Suntech's state of the art solar headquarters in Wuxi,
"We are greatly encouraged to see that governments the world over are increasingly recognizing the importance of action to prevent climate change," added Dr. Shi. "
About Earth Hour
Earth Hour is a global WWF climate change initiative. The WWF-led campaign, organised in conjunction with Fairfax Media and award-winning advertising agency
Sunrise Solar Provides Update on International Solar Project Portfolio
SAN ANTONIO--(BUSINESS WIRE)--Sunrise Solar Corp. (OTCBB:SSLR) announced today a progress update on its international solar project portfolio. Sunrise anticipates final contracts will be signed within 60 days as final funding approval is provided.
The project portfolio includes:
* REGIONAL HEALTH AUTHORITY IN CANADA – Conversion of 4 regional hospitals; Saint John Regional Hospital, Charlotte County Hospital, Fundy Health Centre and Grand Manan Hospital to Solar Power. Estimated Project Budget – US$75 Million
* REAL E BENEMÉRITA ASSOCIAÇÃO PORTUGUESA DE BENEFICÊNCIA – Conversion of the largest private hospital in Brazil to Solar Power. Estimated Project Budget – US$35 Million
* PORT GENTIL, REPUBLIC OF GABON – Renovation and conversion of all port facilities to Solar Power. Estimated Project Budget – US$25 Million
* ALGEA-BASED BIO-DIESEL PLANT – Provision of solar heating and power systems for revolutionary algae-based BioDiesel plants in Brazil and the United States. Estimated Project Budget – US$15 - 25 Million
“We are very pleased with the project portfolio we have assembled and are excited to move into the next phase of converting of these facilities to clean, green solar power,” noted Eddie Austin, Chairman and CEO of Sunrise Solar Corp. “Our international project portfolio will earn Sunrise a strong position in the solar industry as we pursue additional domestic and international projects.”
SSLR continues to discuss major international projects where it competes with much larger players such as First Solar, Inc. (NASDAQ:FSLR), GT Solar Int. (NASDAQ:SOLR) and Suntech Power Holdings (NYSE:STP).
The project portfolio includes:
* REGIONAL HEALTH AUTHORITY IN CANADA – Conversion of 4 regional hospitals; Saint John Regional Hospital, Charlotte County Hospital, Fundy Health Centre and Grand Manan Hospital to Solar Power. Estimated Project Budget – US$75 Million
* REAL E BENEMÉRITA ASSOCIAÇÃO PORTUGUESA DE BENEFICÊNCIA – Conversion of the largest private hospital in Brazil to Solar Power. Estimated Project Budget – US$35 Million
* PORT GENTIL, REPUBLIC OF GABON – Renovation and conversion of all port facilities to Solar Power. Estimated Project Budget – US$25 Million
* ALGEA-BASED BIO-DIESEL PLANT – Provision of solar heating and power systems for revolutionary algae-based BioDiesel plants in Brazil and the United States. Estimated Project Budget – US$15 - 25 Million
“We are very pleased with the project portfolio we have assembled and are excited to move into the next phase of converting of these facilities to clean, green solar power,” noted Eddie Austin, Chairman and CEO of Sunrise Solar Corp. “Our international project portfolio will earn Sunrise a strong position in the solar industry as we pursue additional domestic and international projects.”
SSLR continues to discuss major international projects where it competes with much larger players such as First Solar, Inc. (NASDAQ:FSLR), GT Solar Int. (NASDAQ:SOLR) and Suntech Power Holdings (NYSE:STP).
Thursday, March 26, 2009
Global Clean Energy, Inc. Expands Into New Renewable Energy Areas and Relocates to Houston, Texas
DENVER, CO--(Marketwire - March 26, 2009) - Global Clean Energy Inc. (
In conjunction with this expanded corporate direction, GCE will be relocating its corporate headquarters to Houston, Texas. The US home of energy development, Houston has committed to assist and promote corporations in the field of renewable energy. The city is in the early stages of developing a renewable energy park where companies can showcase their technologies and GCE intends to participate in that effort.
GCE is in the final stages of development plans for the growing and utilizing of algae and jatropha as a renewable feedstock which can be converted efficiently into biofuel by our proprietary gasifier. Large scale undeveloped sites, suitable for the production of our home-grown fuel, are being negotiated in Texas.
GCE entered into a Memorandum of Agreement on March 18, 2009 to conduct joint research projects with the Faculty of Engineering of Concordia University, Montreal, Qc. Research includes enhancement of our proprietary Airpump™ cyclonic dredging pump, with Dr. George Vatistas, one of the world leading scientists in Vortex theory.
GCE has received attention from both local and international communities interested in gasification as a waste management solution and as an alternative source of energy supply. GCE anticipates entering into contracts to develop and operate gasification plants by the end of the 2nd quarter 2010.
With on-going research and development of proprietary technologies for waste recovery and clean-coal gasification, entering into large scale biofuel production is a major step forward into fulfilling GCE's mission of being a fully integrated renewable Energy company, creating new jobs and new sources of sustained economic development within the State of Texas and the continental United States.
Global Clean Energy is a green, clean, renewable energy company, focused on acquiring, recovering, and processing environmental waste into usable sources of energy, processing and growing algae and jatropha into biomass fuel. What began seven years ago as a venture to investigate the potential of cleanly processing organic waste into synthetic fuel has led to the development of proprietary technologies and partnerships with world leaders such as UK Coal, Cascades Engineering and Projects, and Concordia University.
Billington Wines and Yealands Estate Winery Sign Distribution Agreement
SPRINGFIELD, Va.--(BUSINESS WIRE)--Adding another environmentally focused winery to their portfolio, Billington Wines has signed an exclusive agreement to import the Yealands Estate wines of Marlborough, New Zealand into the United States.
Founded in 2002 by Peter Yealands and his family, Yealands Estate is New Zealand’s premier sustainable wine producer and the largest privately held winery in that country. In short order, Peter Yealands has become a tireless advocate for sustainable wine production on a scalable level; an undertaking that has caught the business world’s attention as many companies look to become more environmentally friendly in their operations.
The winery was built to achieve a 5+ star rating by the NZ Green Building Council and is striving for a 6 Star rating signifying “world leadership”. The winery is in the final stage of being certified CarboNZero and a certified NZ Sustainable Wine Producer. Currently generating a percentage of power from solar energy and wind turbine power, Peter hopes the estate will one day become completely self-sufficient in terms of energy use. In addition, the winery practices recycling of all winery byproducts and uses recycled goods in product packaging. They also utilize both organic and low-impact measures in the vineyards.
In search of a distribution partner in the United States Peter Yealands felt it was imperative to find a company that shared his same values and “can do” spirit. “We are thrilled to partner with Billington Wines in the U.S. Both businesses share much in common: family values, an absolute commitment to quality and a willingness to innovate. We look forward to a long and prosperous relationship with the Billington team.”
Billington Wines was founded in Springfield, Virginia by Alfredo Bartholomaus in 1985, when he began importing Cousiño-Macul from his native country Chile. Today the company is led by Alfredo’s son, Alex Bartholomaus, and is highly regarded as a premium wine importer with an innate ability to provide platinum rule service and turn their wine brands into household names. Along with several wineries, Billington Wines introduced Bodega Catena Zapata, Cousiño-Macul and Big Tattoo wines to the U.S. and owns Havens Wine Cellars in Napa Valley.
“We are excited to work with Peter Yealands, a visionary producer who is as committed to the environment as he is to making great wines,” says Alex Bartholomaus, Billington Wines CEO. Yealands Estate will enter the U.S. market in Spring 2009 with their Yealands Sauvignon Blanc, Yealands Estate Sauvignon Blanc, and Yealands Pinot Noir; offering consumers a greater choice of eco-friendly wines of excellent quality and value.
Founded in 2002 by Peter Yealands and his family, Yealands Estate is New Zealand’s premier sustainable wine producer and the largest privately held winery in that country. In short order, Peter Yealands has become a tireless advocate for sustainable wine production on a scalable level; an undertaking that has caught the business world’s attention as many companies look to become more environmentally friendly in their operations.
The winery was built to achieve a 5+ star rating by the NZ Green Building Council and is striving for a 6 Star rating signifying “world leadership”. The winery is in the final stage of being certified CarboNZero and a certified NZ Sustainable Wine Producer. Currently generating a percentage of power from solar energy and wind turbine power, Peter hopes the estate will one day become completely self-sufficient in terms of energy use. In addition, the winery practices recycling of all winery byproducts and uses recycled goods in product packaging. They also utilize both organic and low-impact measures in the vineyards.
In search of a distribution partner in the United States Peter Yealands felt it was imperative to find a company that shared his same values and “can do” spirit. “We are thrilled to partner with Billington Wines in the U.S. Both businesses share much in common: family values, an absolute commitment to quality and a willingness to innovate. We look forward to a long and prosperous relationship with the Billington team.”
Billington Wines was founded in Springfield, Virginia by Alfredo Bartholomaus in 1985, when he began importing Cousiño-Macul from his native country Chile. Today the company is led by Alfredo’s son, Alex Bartholomaus, and is highly regarded as a premium wine importer with an innate ability to provide platinum rule service and turn their wine brands into household names. Along with several wineries, Billington Wines introduced Bodega Catena Zapata, Cousiño-Macul and Big Tattoo wines to the U.S. and owns Havens Wine Cellars in Napa Valley.
“We are excited to work with Peter Yealands, a visionary producer who is as committed to the environment as he is to making great wines,” says Alex Bartholomaus, Billington Wines CEO. Yealands Estate will enter the U.S. market in Spring 2009 with their Yealands Sauvignon Blanc, Yealands Estate Sauvignon Blanc, and Yealands Pinot Noir; offering consumers a greater choice of eco-friendly wines of excellent quality and value.
Spire Corporation to Announce Fourth-Quarter and Year-End 2008 Financial Results on March 31
BEDFORD, Mass.--(BUSINESS WIRE)--Spire Corporation (Nasdaq: SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic modules worldwide, today announced that the Company will host its fourth-quarter and year-end 2008 financial results conference call on Tuesday, March 31, 2009 at 5:00 p.m. EDT.
On the call, Chairman, CEO, and President, Roger G. Little and Chief Financial Officer and Treasurer, Christian Dufresne will discuss Spire’s fourth-quarter and year-end 2008 financial results, as well as the Company’s business outlook and growth strategy.
Those who wish to listen to the conference call webcast should visit the “Investors” section of the Company’s website at www.spirecorp.com. The live call also can be accessed by dialing 866-356-4281 (international dial-in number: 1-617-597-5395) with the passcode 44347409. If you are unable to listen to the live call, the webcast will be archived on the Company’s website.
On the call, Chairman, CEO, and President, Roger G. Little and Chief Financial Officer and Treasurer, Christian Dufresne will discuss Spire’s fourth-quarter and year-end 2008 financial results, as well as the Company’s business outlook and growth strategy.
Those who wish to listen to the conference call webcast should visit the “Investors” section of the Company’s website at www.spirecorp.com. The live call also can be accessed by dialing 866-356-4281 (international dial-in number: 1-617-597-5395) with the passcode 44347409. If you are unable to listen to the live call, the webcast will be archived on the Company’s website.
Wednesday, March 25, 2009
China Sunergy Signs 35MW Sales Framework Agreement and 5MW Sales Contract to Supply the Korean Market
The framework agreement outlines the potential supply of up to 35MW of solar photovoltaic products from China Sunergy to GSL from March through until
With respect to the specific delivery during the term of the framework agreement, sales contracts will be negotiated and entered into between the parties to finalize the products to be delivered, and the quantity and price of the products. The first 5MW sales agreement has been signed, with China Sunergy to provide 5MW of solar photovoltaic products to GSL in the second quarter of 2009, for eventual shipment to Korea.
The CEO of China Sunergy, Dr. Allen Ruennsheng Wang, remarked: "Signing this framework agreement represents progress in
Namasté Solar Donates Solar Array to Alliance for Sustainable Colorado
DENVER, CO--(Marketwire - March 25, 2009) - Alliance for Sustainable Colorado's Alliance Center has received a new solar photovoltaic array through Namasté Solar's innovative grant program. The Alliance Center has already earned EPA Energy Star Leader status and two LEED certifications. The addition of the solar system further enhances the Alliance's ability to educate building professionals and individuals about energy-wise building practices. The Alliance Center, which houses 30 nonprofit organizations in Denver, Colorado, is committed to furthering sustainability, green building, and renewable energy.
"We're excited and honored to be the recipient of the solar array," said Joanne Keys, Executive Director of Alliance for Sustainable Colorado. "Installing this photovoltaic system aids us in achieving our goal of fostering a more sustainable Colorado in several ways. Not only do we improve the energy practices of the Alliance Center, we provide a demonstration model for others through our educational 'green' building tours."
"By supporting the Alliance, Namasté Solar is supporting all of our nonprofit tenants in the Alliance Center," said Keys.
The Namasté Solar full grant program donated a 2.04 kW photovoltaic system with Sharp 170 solar panels that convert sunlight directly into electricity and produce 2,867 kWh per year. The value of Namasté Solar's grant is $11,220.
The positive environmental impact of the solar array is noteworthy. The carbon emission reduction is 5,871 lbs per year, which is equivalent to planting 226 trees a year, or driving a car 6,422 fewer miles per year.
"Namasté Solar awarded the full grant to the Alliance for Sustainable Colorado because of its extensive work in support of sustainability and renewable energy," said Heather Leanne Nangle, Namasté Solar Co-owner and Director of Marketing & Communications. "The Alliance Center's solar array serves as a positive example for other businesses, nonprofits, and individuals in Colorado who are considering a move to renewable energy."
Octus Energy and SolarNet Partner to Pursue Renewable Energy Efficiency Projects
DAVIS, CA--(Marketwire - March 25, 2009) - Octus Energy (
"SolarNet is an integral partner for Octus as we seek to secure, finance, deploy and own large-scale renewable energy efficiency projects," said Chris Soderquist, Octus CEO. "SolarNet's end-to-end solution and historical success in developing and financing energy projects is commendable. They've done it before, and we look forward to proactively and collaboratively pursuing projects."
SolarNet facilitates solar energy solutions by combining skilled contractors, tax equity investors, quality products and energy users into one nationwide solar network. SolarNet executes large commercial projects by leveraging three related businesses: DC Power Systems (the largest privately held distributor of renewable energy solutions in the United States), Stellar Energy Solutions (a leading, full-scale solar project integrator), and Solar Dawn (a national leader in the creation of Power Purchase Agreement [PPA] syndications and project finance).
"Octus Energy, through their combinatorial approach of blending renewable energy and energy efficiency systems, is cultivating a unique and pragmatic economic value proposition," said David Michalek, SolarNet COO. "There is latent market demand for such a combined solution. Collectively, we're poised to make it happen."
Solar Energy Initiatives, Inc. Appoints New Board Members
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Solar Energy Initiatives, Inc. (OTCBB:SNRY), executing on a grass roots campaign, “RENEW THE NATION”, to help redeploy a portion of the U.S. work force and focus on reducing the world’s dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, today announced that it has appointed Mr. Harold Gear and Mr. Everett Airington to its Board of Directors.
Mr. Harold Gear has more than 20 years of investing experience, specifically in oil and gas projects as well as a diverse background in the development of multiple alternative energy projects. Mr. Gear was one of the initial investors in Green Hunter Energy, Inc., a leading public company focused exclusively on green solutions including biomass and wind generation, as well as having the largest bio diesel refinery in America.
Mr. Everett Airington has over 40 years of investing experience in the energy sector. These financings have been with both small and large established energy companies. For the last 15 years he has been a key executive of the Investment Banking Firm of RBC Capital Markets. Currently, Mr. Airington is a Senior Vice President with Milkey Ferguson Investments Inc.
“The additions of both Mr. Gear and Mr. Airington greatly enhance the capabilities of our Board of Directors as we continue to increase our market share in the rapidly growing solar industry,” stated Mr. David Fann, Chief Executive Officer of Solar Energy Initiatives. “Their extensive knowledge and experience in both public markets and the renewable energy sectors make them valuable additions to our board as we continue to create value for our shareholders. Both of our new Directors have the contacts to bring investment dollars and established industry relationships to our company.”
The additions of Mr. Gear and Mr. Airington along with the attraction of additional investors will greatly enhance the capabilities of Solar Energy Initiatives to execute on the Company’s strategic dealer network. The new board members strong knowledge of the renewable energy sector will also provide a larger platform for the Company to capitalize on its distribution agreements with BP Solar (NYSE:BP) and GE Solar (NYSE:GE). This allows Solar Energy Initiatives to be competitive from a pricing standpoint with larger solar companies.
Mr. Harold Gear has more than 20 years of investing experience, specifically in oil and gas projects as well as a diverse background in the development of multiple alternative energy projects. Mr. Gear was one of the initial investors in Green Hunter Energy, Inc., a leading public company focused exclusively on green solutions including biomass and wind generation, as well as having the largest bio diesel refinery in America.
Mr. Everett Airington has over 40 years of investing experience in the energy sector. These financings have been with both small and large established energy companies. For the last 15 years he has been a key executive of the Investment Banking Firm of RBC Capital Markets. Currently, Mr. Airington is a Senior Vice President with Milkey Ferguson Investments Inc.
“The additions of both Mr. Gear and Mr. Airington greatly enhance the capabilities of our Board of Directors as we continue to increase our market share in the rapidly growing solar industry,” stated Mr. David Fann, Chief Executive Officer of Solar Energy Initiatives. “Their extensive knowledge and experience in both public markets and the renewable energy sectors make them valuable additions to our board as we continue to create value for our shareholders. Both of our new Directors have the contacts to bring investment dollars and established industry relationships to our company.”
The additions of Mr. Gear and Mr. Airington along with the attraction of additional investors will greatly enhance the capabilities of Solar Energy Initiatives to execute on the Company’s strategic dealer network. The new board members strong knowledge of the renewable energy sector will also provide a larger platform for the Company to capitalize on its distribution agreements with BP Solar (NYSE:BP) and GE Solar (NYSE:GE). This allows Solar Energy Initiatives to be competitive from a pricing standpoint with larger solar companies.
Solarfun Reports Fourth Quarter and Full Year 2008 Results
SHANGHAI--(BUSINESS WIRE)--Solarfun Power Holdings Co., Ltd. (“Solarfun” or “the Company” ) (NASDAQ:SOLF), a vertically integrated manufacturer of silicon ingots and photovoltaic (PV) cells and modules in China, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2008.
FOURTH QUARTER 2008 RESULTS
* Net revenue was RMB 1.12 billion (US$ 164.6 million), representing an increase of 13.7% from the fourth quarter of 2007, but down 11.9% from the third quarter of 2008.
* Results were influenced by a total non-cash provision of US$ 47.8 million for inventory write downs. Provisions were necessary as a result of a decline in inventory market values below carrying value. Additionally, provisions were made for unsalable products that could not be sold in the current market environment.
* PV module shipments showed good momentum, reaching 47.6 MW. This represents an increase of 69.4% from the fourth quarter of 2007 and an increase of 13.9% from 41.8 MW in the third quarter of 2008.
* Average selling price (“ASP”) declined, as expected, to US$ 3.37, from US$ 4.04 in the third quarter of 2008. This was primarily due to soft demand and high module inventories in the market. Business continued to be centered in Europe, with Germany accounting for 57%, France 19%, Switzerland 10%, and Portugal 9% of net revenue in this quarter. Spain accounted for only 2% of net revenue in this quarter.
* Gross loss was RMB 377.8 million (US$ 55.4 million), compared to a gross profit of RMB 174.5 million in the fourth quarter of 2007 and a gross profit of RMB 46.1 million in the third quarter of 2008.
* Gross margin was negative 33.7% and was adversely impacted by the aforementioned inventory provision, as well as the Company’s transition to a period of lower raw material prices.
* Operating loss was RMB 439.2 million (US$ 64.4 million). Selling expenses were RMB 20.2 million (US$ 3.0 million). The Company’s total operating expenses decreased by 14.7% from RMB 72.0 million (US$ 10.6 million) in the third quarter of 2008 to RMB 61.4 million (US$ 9.0 million) as it continues to focus on reducing costs.
* Interest expense increased approximately RMB 5.2 million (US$ 0.8 million), or 24.2%, from RMB 21.6 million (US$ 3.2 million) in the third quarter of 2008 to RMB 26.8 million (US$ 3.9 million) due to an increase in bank borrowings.
* The net impact of foreign currency exchange was a gain of RMB 21.5 million (US$ 3.2 million). The Company recorded a RMB 28.8 million (US$ 4.2 million) currency loss largely as a result of the impact of the declining Euro against the U.S. dollar, but was able to more than offset this loss through its foreign exchange hedging program, which resulted in a RMB 50.3 million (US$ 7.4 million) gain.
* Net loss was RMB 418.8 million (US$ 61.4 million). The loss per basic ADS was RMB 7.79 (US$1.14). The negative impact of the fourth quarter inventory provision was approximately $0.74 per fully diluted ADS
FULL YEAR 2008 RESULTS
* Net revenue was RMB 4.95 billion (US$ 725.4 million), representing an increase of 106.6% from 2007. This more than doubling in net revenues was primarily due to the strong operating environment that existed during much of 2008 and the Company’s ability to penetrate a broadened global customer base.
* Total PV module shipments were 172.8 MW, representing an increase of 120% from 78.4 MW in 2007.
* The ASP was $3.92 for 2008, which was an increase from $3.74 in 2007. This increase was primarily due to robust demand, particularly in Germany and Spain, and tight module and raw material supply during the first three quarters of 2008.
* Gross profit was RMB 43.9 million (US$ 6.4 million), a decrease of 89% from RMB 397.8 million (US$ 58.3 million) in 2007. The decline was largely due to provisions for inventory write-downs and unsalable products totaling RMB 414.0 million (US$ 60.7 million).
* Gross margin was 0.9 %, compared to 16.6% in 2007.
* Net loss was RMB 280.5 million (US$ 41.1 million), declining from net income of RMB 148.0 million in (US$ 21.7 million) 2007.
* Basic loss per ADS was RMB 5.55 (US$ 0.81), down from basic earnings per ADS of RMB 3.08 (US$ 0.42) in 2007. The negative impact of the full-year inventory provision was approximately $1.08 per fully diluted ADS
Harold Hoskens, Chief Executive Officer of Solarfun, commented, “Our current results reflect the global environment in which we operate. In the fourth quarter, funding for solar projects remained tight, excess inventories existed in many markets, and normal seasonal factors exacerbated softer demand. In this context, the industry is in a transition from a polysilicon supply-driven environment, to a demand-driven environment, and currently demand has been affected by the global economic situation. We see that module prices have declined at the same time as the cost of polysilicon, with the cost of polysilicon falling somewhat faster than module prices. We are confident that after turning over our higher cost inventories and with the further ramp-up of our internal ingot and wafer making facilities, we will be able to further expand business volumes, increase margins and return to profitability. We have contracts and good relations with key global customers. We recognize that this short-term turbulence requires close cooperation with these customers to create a mutually sustainable future. As we head into the coming year, we will continue to focus diligently on maintaining liquidity, strengthening customer relationships and expanding our geographic footprint, adjusting our raw material costs to reflect the current environment, and enhancing the efficiency and consistency of our manufacturing capabilities, including leveraging our vertical integration strategy.”
FOURTH QUARTER 2008 RESULTS
* Net revenue was RMB 1.12 billion (US$ 164.6 million), representing an increase of 13.7% from the fourth quarter of 2007, but down 11.9% from the third quarter of 2008.
* Results were influenced by a total non-cash provision of US$ 47.8 million for inventory write downs. Provisions were necessary as a result of a decline in inventory market values below carrying value. Additionally, provisions were made for unsalable products that could not be sold in the current market environment.
* PV module shipments showed good momentum, reaching 47.6 MW. This represents an increase of 69.4% from the fourth quarter of 2007 and an increase of 13.9% from 41.8 MW in the third quarter of 2008.
* Average selling price (“ASP”) declined, as expected, to US$ 3.37, from US$ 4.04 in the third quarter of 2008. This was primarily due to soft demand and high module inventories in the market. Business continued to be centered in Europe, with Germany accounting for 57%, France 19%, Switzerland 10%, and Portugal 9% of net revenue in this quarter. Spain accounted for only 2% of net revenue in this quarter.
* Gross loss was RMB 377.8 million (US$ 55.4 million), compared to a gross profit of RMB 174.5 million in the fourth quarter of 2007 and a gross profit of RMB 46.1 million in the third quarter of 2008.
* Gross margin was negative 33.7% and was adversely impacted by the aforementioned inventory provision, as well as the Company’s transition to a period of lower raw material prices.
* Operating loss was RMB 439.2 million (US$ 64.4 million). Selling expenses were RMB 20.2 million (US$ 3.0 million). The Company’s total operating expenses decreased by 14.7% from RMB 72.0 million (US$ 10.6 million) in the third quarter of 2008 to RMB 61.4 million (US$ 9.0 million) as it continues to focus on reducing costs.
* Interest expense increased approximately RMB 5.2 million (US$ 0.8 million), or 24.2%, from RMB 21.6 million (US$ 3.2 million) in the third quarter of 2008 to RMB 26.8 million (US$ 3.9 million) due to an increase in bank borrowings.
* The net impact of foreign currency exchange was a gain of RMB 21.5 million (US$ 3.2 million). The Company recorded a RMB 28.8 million (US$ 4.2 million) currency loss largely as a result of the impact of the declining Euro against the U.S. dollar, but was able to more than offset this loss through its foreign exchange hedging program, which resulted in a RMB 50.3 million (US$ 7.4 million) gain.
* Net loss was RMB 418.8 million (US$ 61.4 million). The loss per basic ADS was RMB 7.79 (US$1.14). The negative impact of the fourth quarter inventory provision was approximately $0.74 per fully diluted ADS
FULL YEAR 2008 RESULTS
* Net revenue was RMB 4.95 billion (US$ 725.4 million), representing an increase of 106.6% from 2007. This more than doubling in net revenues was primarily due to the strong operating environment that existed during much of 2008 and the Company’s ability to penetrate a broadened global customer base.
* Total PV module shipments were 172.8 MW, representing an increase of 120% from 78.4 MW in 2007.
* The ASP was $3.92 for 2008, which was an increase from $3.74 in 2007. This increase was primarily due to robust demand, particularly in Germany and Spain, and tight module and raw material supply during the first three quarters of 2008.
* Gross profit was RMB 43.9 million (US$ 6.4 million), a decrease of 89% from RMB 397.8 million (US$ 58.3 million) in 2007. The decline was largely due to provisions for inventory write-downs and unsalable products totaling RMB 414.0 million (US$ 60.7 million).
* Gross margin was 0.9 %, compared to 16.6% in 2007.
* Net loss was RMB 280.5 million (US$ 41.1 million), declining from net income of RMB 148.0 million in (US$ 21.7 million) 2007.
* Basic loss per ADS was RMB 5.55 (US$ 0.81), down from basic earnings per ADS of RMB 3.08 (US$ 0.42) in 2007. The negative impact of the full-year inventory provision was approximately $1.08 per fully diluted ADS
Harold Hoskens, Chief Executive Officer of Solarfun, commented, “Our current results reflect the global environment in which we operate. In the fourth quarter, funding for solar projects remained tight, excess inventories existed in many markets, and normal seasonal factors exacerbated softer demand. In this context, the industry is in a transition from a polysilicon supply-driven environment, to a demand-driven environment, and currently demand has been affected by the global economic situation. We see that module prices have declined at the same time as the cost of polysilicon, with the cost of polysilicon falling somewhat faster than module prices. We are confident that after turning over our higher cost inventories and with the further ramp-up of our internal ingot and wafer making facilities, we will be able to further expand business volumes, increase margins and return to profitability. We have contracts and good relations with key global customers. We recognize that this short-term turbulence requires close cooperation with these customers to create a mutually sustainable future. As we head into the coming year, we will continue to focus diligently on maintaining liquidity, strengthening customer relationships and expanding our geographic footprint, adjusting our raw material costs to reflect the current environment, and enhancing the efficiency and consistency of our manufacturing capabilities, including leveraging our vertical integration strategy.”
Solar Power, Inc. Announces Fourth Quarter and Year-End 2008 Results
ROSEVILLE, Calif.--(BUSINESS WIRE)--Solar Power, Inc. (OTCBB:SOPW), a vertically integrated manufacturer of photovoltaic (PV) modules and marketer, designer and installer of PV solar electric systems for commercial, public and residential customers in the United States today announced results for the fourth quarter and year ended December 31, 2008.
“Despite the uncertainties of the US solar market in 2008, we were able to more than double our business from 2007,” said Steve Kircher, CEO of Solar Power, Inc. “During the year, we added the international sales channel to our business model resulting in over $20 million in module sales to international customers. Our U.S. residential franchise business, YES! Solar Solutions signed its first franchisees during the year and is well positioned for rapid expansion. In the U.S. commercial market, we deployed our SkyMountTM proprietary racking on the roof of the Staples Center and Nokia Theater. Our pipeline of business opportunities remains strong as we continue to expand our customer base,” added Mr. Kircher. “Backed by the expertise of an experienced, diverse and complete management team, we are well positioned to capitalize on the new solar incentives for the U.S. market.”
Recent Company Highlights:
* For the full year of 2008 revenues increased 161% to $47.4 Million
* During the fourth quarter, the Company installed 3,344 solar modules to power the Marshall Medical Center
* The Company introduced ClickRack™, which utilizes a revolutionary low-profile mounting system that reduces installation time and is the backbone of the Yes! Mosaic™ residential photovoltaic (PV) solar home energy systems.
* The Company completed the installation of new photovoltaic (PV) solar electric systems to provide a combined 512 kilowatts of solar power to STAPLES Center and NOKIA Theatre L.A. LIVE. Governor Schwarzenegger presided over the STAPLES Center rooftop ceremony on October 28, 2008.
* The Company executed five Yes! Solar Solutions franchise agreements in 2008.
Fourth Quarter of 2008 Results
Net sales for the fourth quarter of 2008 were $11.9 million, an increase of 153%, compared to $4.7 million in net sales in the fourth quarter of 2007. On a year-over-year basis, growth in the fourth quarter is attributed to commercial solar construction, direct module sales, and residential solar installations from the Company owned franchise store.
Gross profit for the fourth quarter 2008 was $295 thousand, or 2.5% of sales, compared to $530 thousand, or 11.3% of sales, in the fourth quarter of 2007. On a year-over-year basis, the decline in gross margin reflects increased costs associated with installation and increased solar cell costs.
Operating expenses for the fourth quarter of 2008 were $3.2 million (27% of sales) compared to $3.2 million (68% of sales) for the same period last year. Other expenses, including interest and taxes were $170 thousand. Net loss for the fourth quarter of 2008 was $3.1 million, compared to a net loss of $2.7 million, in the fourth quarter of 2007.
Year End 2008 Results
For the year ended December 31, 2008, the Company reported net sales of $47.4 million, an increase of 161% over net sales of $18.1 million for 2007. Gross profit was $3.6 million, or 7.6% of sales compared to gross profit of $2.1 million, or 11.7% of sales in 2007. The decrease in the gross profit margin reflects the higher cost of solar cells used in module manufacturing during the 3rd and 4th quarters of the year.
Operating expenses were $12.2 million or 26% of sales, compared to $9.6 million or 53% of sales for 2007. Net loss for 2008 was $8.7 million, or $0.23 per basic and diluted share, compared to a net loss of $7.2 million, or $0.22 per basic and diluted share, in 2007.
Balance Sheet
Cash and cash equivalents at December 31, 2008 were $5.9 million. Common shares outstanding at December 31, 2008 were 37,771,325. Accounts receivable and costs and estimated earnings in excess of billings were $3.3 million at year end. Inventory decreased 33% to $4.7 million.
2009 Outlook:
For 2009, the Company expects first quarter revenues to be down from Q4 2008 due to tight credit markets and economic slowdown in both the commercial and residential channels. Revenues are anticipated to grow throughout the balance of the year as newly passed solar incentives in the U.S. market and new financing programs for both residential and commercial customers become available. Management expects the sales of solar kits including SkyMounttm commercial racking systems to international customers will result in year-over-year revenue growth for the direct sales channel. As a result, we estimate revenue for the full year to be $75.8 million to $80.5 million which represents an increase ranging between 60% to 70% over 2008.
Conference Call Information
The conference call will take place at 4:30pm EDT on Tuesday, March 24, 2009. Interested participants should call 1-800-762-7141 when calling within the United States or 1-480-248-5081 when calling internationally.
A playback will be available through April 1, 2009. To listen, please call 1-800-406-7325 within the United States or 1-303-590-3030 when calling internationally. Utilize the pass code 4035825 for the replay.
This call is being webcast by ViaVid Broadcasting and can be accessed by clicking on this link http://viavid.net/dce.aspx?sid=00006042, or visiting www.solarpowerinc.net, or at ViaVid\'s website at www.viavid.net, where the webcast can be accessed through March 31, 2009.
“Despite the uncertainties of the US solar market in 2008, we were able to more than double our business from 2007,” said Steve Kircher, CEO of Solar Power, Inc. “During the year, we added the international sales channel to our business model resulting in over $20 million in module sales to international customers. Our U.S. residential franchise business, YES! Solar Solutions signed its first franchisees during the year and is well positioned for rapid expansion. In the U.S. commercial market, we deployed our SkyMountTM proprietary racking on the roof of the Staples Center and Nokia Theater. Our pipeline of business opportunities remains strong as we continue to expand our customer base,” added Mr. Kircher. “Backed by the expertise of an experienced, diverse and complete management team, we are well positioned to capitalize on the new solar incentives for the U.S. market.”
Recent Company Highlights:
* For the full year of 2008 revenues increased 161% to $47.4 Million
* During the fourth quarter, the Company installed 3,344 solar modules to power the Marshall Medical Center
* The Company introduced ClickRack™, which utilizes a revolutionary low-profile mounting system that reduces installation time and is the backbone of the Yes! Mosaic™ residential photovoltaic (PV) solar home energy systems.
* The Company completed the installation of new photovoltaic (PV) solar electric systems to provide a combined 512 kilowatts of solar power to STAPLES Center and NOKIA Theatre L.A. LIVE. Governor Schwarzenegger presided over the STAPLES Center rooftop ceremony on October 28, 2008.
* The Company executed five Yes! Solar Solutions franchise agreements in 2008.
Fourth Quarter of 2008 Results
Net sales for the fourth quarter of 2008 were $11.9 million, an increase of 153%, compared to $4.7 million in net sales in the fourth quarter of 2007. On a year-over-year basis, growth in the fourth quarter is attributed to commercial solar construction, direct module sales, and residential solar installations from the Company owned franchise store.
Gross profit for the fourth quarter 2008 was $295 thousand, or 2.5% of sales, compared to $530 thousand, or 11.3% of sales, in the fourth quarter of 2007. On a year-over-year basis, the decline in gross margin reflects increased costs associated with installation and increased solar cell costs.
Operating expenses for the fourth quarter of 2008 were $3.2 million (27% of sales) compared to $3.2 million (68% of sales) for the same period last year. Other expenses, including interest and taxes were $170 thousand. Net loss for the fourth quarter of 2008 was $3.1 million, compared to a net loss of $2.7 million, in the fourth quarter of 2007.
Year End 2008 Results
For the year ended December 31, 2008, the Company reported net sales of $47.4 million, an increase of 161% over net sales of $18.1 million for 2007. Gross profit was $3.6 million, or 7.6% of sales compared to gross profit of $2.1 million, or 11.7% of sales in 2007. The decrease in the gross profit margin reflects the higher cost of solar cells used in module manufacturing during the 3rd and 4th quarters of the year.
Operating expenses were $12.2 million or 26% of sales, compared to $9.6 million or 53% of sales for 2007. Net loss for 2008 was $8.7 million, or $0.23 per basic and diluted share, compared to a net loss of $7.2 million, or $0.22 per basic and diluted share, in 2007.
Balance Sheet
Cash and cash equivalents at December 31, 2008 were $5.9 million. Common shares outstanding at December 31, 2008 were 37,771,325. Accounts receivable and costs and estimated earnings in excess of billings were $3.3 million at year end. Inventory decreased 33% to $4.7 million.
2009 Outlook:
For 2009, the Company expects first quarter revenues to be down from Q4 2008 due to tight credit markets and economic slowdown in both the commercial and residential channels. Revenues are anticipated to grow throughout the balance of the year as newly passed solar incentives in the U.S. market and new financing programs for both residential and commercial customers become available. Management expects the sales of solar kits including SkyMounttm commercial racking systems to international customers will result in year-over-year revenue growth for the direct sales channel. As a result, we estimate revenue for the full year to be $75.8 million to $80.5 million which represents an increase ranging between 60% to 70% over 2008.
Conference Call Information
The conference call will take place at 4:30pm EDT on Tuesday, March 24, 2009. Interested participants should call 1-800-762-7141 when calling within the United States or 1-480-248-5081 when calling internationally.
A playback will be available through April 1, 2009. To listen, please call 1-800-406-7325 within the United States or 1-303-590-3030 when calling internationally. Utilize the pass code 4035825 for the replay.
This call is being webcast by ViaVid Broadcasting and can be accessed by clicking on this link http://viavid.net/dce.aspx?sid=00006042, or visiting www.solarpowerinc.net, or at ViaVid\'s website at www.viavid.net, where the webcast can be accessed through March 31, 2009.
Tuesday, March 24, 2009
Rancho California Water District Dedicates 1.1-Megawatt SunPower Solar Power System
In addition to designing and building the solar power system, SunPower also financed the system under a SunPower Access power purchase agreement (PPA). RCWD will buy electricity from SunPower at rates competitively priced against utility rates, providing the district with a long-term hedge against rising peak power prices. RCWD owns the renewable energy credits associated with the system.
"The SunPower Access PPA made it financially possible for the district to build this system, and reap the benefits of competitively-priced solar power from day one," said
For the district, SunPower installed a system that utilizes SunPower solar panels, the most efficient solar panels on the market today, with the SunPower Tracker(R) system. The Tracker follows the sun's movement during the day, increasing sunlight capture by up to 30 percent over conventional fixed-tilt systems, while significantly reducing land use requirements. The system will reduce more than 2.5 million pounds of carbon dioxide emissions annually, which is equivalent to removing close to 202 cars from the road.
"Solar makes good financial sense today for California's water agencies. There is financing available through power purchase agreements such as SunPower Access, and there are also financial incentives for solar projects available from state and federal governments," said
Cymbet and Konarka Demonstrate Flexible Solar Energy Harvesting for Autonomous Sensors
MINNEAPOLIS--(BUSINESS WIRE)--Cymbet Corporation and Konarka Technologies are combining their unique solar energy capture, energy conversion and energy storage technologies to demonstrate advanced solar energy harvesting techniques. These techniques enable new applications such as zero power intelligent building energy management wireless sensors, agricultural field monitoring/reporting devices and shipment status data loggers. This innovative demo will be featured at the Embedded Systems Conference (ESC), in San Jose, Calif., March 30 - April 2 in Cymbet’s booth #436.
Flexible Energy Harvesting Configurations Drive Cost Effective Deployments
The key to creating cost effective energy harvesting-based sensors and controls is to use power train components that can be optimized for the application. Cymbet’s and Konarka’s ESC demo highlights the innovative features of both companies’ technologies. Cymbet is a leader in solid state energy storage devices and energy harvesting technology. Konarka is the leading developer of polymer-based, organic photovoltaic (OPV) technology that provides a source of renewable power in a variety of form factors. The Konarka Power Plastic® solar plastic film converts light to energy anywhere using a flexible format that is utilized in this energy harvesting demo.
“Our Power Plastic technology is lightweight, flexible and adaptable for use in many energy harvesting applications,” said Dan Williams, Vice President of Business Development at Konarka. “This particular demo illustrates Power Plastic deployed in a cylindrical shape that powers a wireless sensor via the Cymbet EnerChip EH power module.”
Cymbet recently introduced the new EnerChip™ EH CBC5300 energy harvesting power module that connects to the flexible Konarka Power Plastic photo voltaic cell in this demo. The CBC5300 utilizes EnerChip solid state energy cells, and combines energy conversion, energy storage and power management into a small footprint module.
“The new EnerChip EH module provides significant advantages to our customers. Integrating the EnerChip and high efficiency energy harvesting circuitry into a single module provides many new ways to create zero power devices”, said Bill Priesmeyer, Cymbet CEO. “Combining the EnerChip EH module with Konarka’s state-of-the-art photovoltaic technology demonstrates new innovative energy harvesting storage solutions.”
Drop-in Solar Energy Harvesting Power Solutions
Creating power efficient and cost effective solar energy harvesting power solutions is a complex task. There are many variables that must be taken into account. The Konarka Power Plastic and Cymbet EnerChip EH combination shows how new technologies may be utilized to create drop-in power solutions. Designers will be able to create flexible photovoltaic configurations that connect to a single power module. The EnerChip EH module has >5000 recharge cycles, low self-discharge, stable output voltage, and can be connected to many different microcontrollers and low power wireless devices.
Demonstrating Advanced Energy Storage Configurations at ESC Booths 436 and 830
In addition to the solar energy harvesting demo, Cymbet will also be demonstrating the new EnerChip™ CC and CBC-EVAL-05 evaluation kit in booth #436 and in the TI Third Party Pavilion booth #830. The EnerChip CC is the world first solid state energy cell with integrated battery management in the same Surface Mount Technology package. Designers can obtain detailed information about the EnerChip CC Evaluation kit at http://www.cymbet.com/content/products-evaluation-kits.asp.
Flexible Energy Harvesting Configurations Drive Cost Effective Deployments
The key to creating cost effective energy harvesting-based sensors and controls is to use power train components that can be optimized for the application. Cymbet’s and Konarka’s ESC demo highlights the innovative features of both companies’ technologies. Cymbet is a leader in solid state energy storage devices and energy harvesting technology. Konarka is the leading developer of polymer-based, organic photovoltaic (OPV) technology that provides a source of renewable power in a variety of form factors. The Konarka Power Plastic® solar plastic film converts light to energy anywhere using a flexible format that is utilized in this energy harvesting demo.
“Our Power Plastic technology is lightweight, flexible and adaptable for use in many energy harvesting applications,” said Dan Williams, Vice President of Business Development at Konarka. “This particular demo illustrates Power Plastic deployed in a cylindrical shape that powers a wireless sensor via the Cymbet EnerChip EH power module.”
Cymbet recently introduced the new EnerChip™ EH CBC5300 energy harvesting power module that connects to the flexible Konarka Power Plastic photo voltaic cell in this demo. The CBC5300 utilizes EnerChip solid state energy cells, and combines energy conversion, energy storage and power management into a small footprint module.
“The new EnerChip EH module provides significant advantages to our customers. Integrating the EnerChip and high efficiency energy harvesting circuitry into a single module provides many new ways to create zero power devices”, said Bill Priesmeyer, Cymbet CEO. “Combining the EnerChip EH module with Konarka’s state-of-the-art photovoltaic technology demonstrates new innovative energy harvesting storage solutions.”
Drop-in Solar Energy Harvesting Power Solutions
Creating power efficient and cost effective solar energy harvesting power solutions is a complex task. There are many variables that must be taken into account. The Konarka Power Plastic and Cymbet EnerChip EH combination shows how new technologies may be utilized to create drop-in power solutions. Designers will be able to create flexible photovoltaic configurations that connect to a single power module. The EnerChip EH module has >5000 recharge cycles, low self-discharge, stable output voltage, and can be connected to many different microcontrollers and low power wireless devices.
Demonstrating Advanced Energy Storage Configurations at ESC Booths 436 and 830
In addition to the solar energy harvesting demo, Cymbet will also be demonstrating the new EnerChip™ CC and CBC-EVAL-05 evaluation kit in booth #436 and in the TI Third Party Pavilion booth #830. The EnerChip CC is the world first solid state energy cell with integrated battery management in the same Surface Mount Technology package. Designers can obtain detailed information about the EnerChip CC Evaluation kit at http://www.cymbet.com/content/products-evaluation-kits.asp.
Wells Fargo Finances 125 Commercial-Scale Solar Photovoltaic Projects
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that it has financed 125 commercial-scale solar photovoltaic (PV) projects since fall 2007. The projects have 43 megawatts of installed capacity in ten states and can generate enough solar energy to power the equivalent of 6,000 homes.
“Despite the economic downturn, Wells Fargo continues to invest in solar projects across the country because these investments help customers secure reliable, cost-effective power and help businesses access cleaner energy sources,” said Barry Neal, director of Wells Fargo’s Environmental Finance. “We look forward to helping the industry expand even further.”
Wells Fargo has invested in projects hosted by dozens of commercial customers. Recently, Wells Fargo invested in a 450-kilowatt system, developed, installed and operated by SunEdison, on a Staples’ distribution center in southern California. The project’s 1,960 solar panels cover most of the building’s 330,000 square foot roof.
\"We\'re able to purchase solar energy generated on our rooftop at a rate below the cost of electricity from the grid,\" said Mark Buckley, VP of Environmental Affairs, Staples, Inc. \"This reduces our operating costs and helps the environment.”
Wells Fargo provided $250 million in equity capital to solar PV projects developed by solar energy providers SunEdison and MMA Renewable Ventures. Using the power purchase agreement (PPA) model, these installations help companies avoid up-front capital costs and purchase solar electricity under long-term predictable pricing at rates equal to, or lower than, retail energy rates.
Alexander Perera, Director of the World Resources Institute\'s Green Power Market Development Group, of which both Wells Fargo and Staples are members, said, “We commend Wells Fargo for their important work, finding innovative solutions and working together with other companies to help support renewable energy markets.”
“Despite the economic downturn, Wells Fargo continues to invest in solar projects across the country because these investments help customers secure reliable, cost-effective power and help businesses access cleaner energy sources,” said Barry Neal, director of Wells Fargo’s Environmental Finance. “We look forward to helping the industry expand even further.”
Wells Fargo has invested in projects hosted by dozens of commercial customers. Recently, Wells Fargo invested in a 450-kilowatt system, developed, installed and operated by SunEdison, on a Staples’ distribution center in southern California. The project’s 1,960 solar panels cover most of the building’s 330,000 square foot roof.
\"We\'re able to purchase solar energy generated on our rooftop at a rate below the cost of electricity from the grid,\" said Mark Buckley, VP of Environmental Affairs, Staples, Inc. \"This reduces our operating costs and helps the environment.”
Wells Fargo provided $250 million in equity capital to solar PV projects developed by solar energy providers SunEdison and MMA Renewable Ventures. Using the power purchase agreement (PPA) model, these installations help companies avoid up-front capital costs and purchase solar electricity under long-term predictable pricing at rates equal to, or lower than, retail energy rates.
Alexander Perera, Director of the World Resources Institute\'s Green Power Market Development Group, of which both Wells Fargo and Staples are members, said, “We commend Wells Fargo for their important work, finding innovative solutions and working together with other companies to help support renewable energy markets.”
First Solar to Develop 30 Megawatt AC Solar Power Plant for Tri-State
TEMPE, Ariz.--(BUSINESS WIRE)--First Solar, Inc., (Nasdaq: FSLR) has entered into a 25-year power purchase agreement with Tri-State Generation and Transmission Association, Inc., a wholesale electric power supplier serving more than 1.4 million consumers through 44 electric cooperatives and public power districts in Colorado, Nebraska, New Mexico and Wyoming.
\"This photovoltaic (PV) power plant is another demonstration of our ability to provide affordable, utility-scale solar solutions,\" said John Carrington, First Solar executive vice president of marketing and business development. \"In addition to being cost-effective, the plant will create 120 to 140 construction jobs, significantly reduce green house gas emissions and provide enough power to serve the equivalent of approximately 9,000 homes.\"
The agreement, which represents the largest PV contract by an electric cooperative in the U.S., calls for First Solar to engineer, procure and construct (EPC) a 30 megawatt AC (MW) ground-mounted PV power plant in northeastern New Mexico.
“Our partnership with First Solar further diversifies our resource mix and brings value to our member cooperatives across our four-state service territory,” said Ken Anderson, Tri-State executive vice president and general manager. “This project in New Mexico demonstrates how electric cooperatives can effectively bring utility-scale solar projects to the rural areas they serve.”
The project will be the first utility-scale solar power plant in the region and is expected to be complete by the end of 2010. First Solar will provide monitoring and maintenance services for the PV power plant over the course of its lifetime. The Company expects that, upon completion of the PV power plant, it will have transferred all or substantially all of its equity interest in the project.
“This first-of-its-kind initiative is further evidence that New Mexico is a national leader in renewable energy production. I look forward to many more projects like this coming to fruition in New Mexico and across the country as we shift from fossil fuels to cleaner, green energy. I am especially pleased to see the electric coops take this major leap into renewables,” said U.S. Senator Jeff Bingaman, who chairs the Senate Energy and Natural Resources Committee.
“New Mexico has world-class renewable resources and a ready workforce,” said Governor Bill Richardson. “The announcement of a major new solar power plant in Colfax County is welcome news and demonstrates New Mexico’s commitment to leading the nation in renewable energy development.”
First Solar combines the economic benefits of low-cost technology with superior environmental performance to provide truly sustainable energy solutions.
\"Projects like these represent a step toward transforming our energy future; providing solutions for both climate and the environment,\" said Carl Zichella, western regional director for the Sierra Club.
\"This photovoltaic (PV) power plant is another demonstration of our ability to provide affordable, utility-scale solar solutions,\" said John Carrington, First Solar executive vice president of marketing and business development. \"In addition to being cost-effective, the plant will create 120 to 140 construction jobs, significantly reduce green house gas emissions and provide enough power to serve the equivalent of approximately 9,000 homes.\"
The agreement, which represents the largest PV contract by an electric cooperative in the U.S., calls for First Solar to engineer, procure and construct (EPC) a 30 megawatt AC (MW) ground-mounted PV power plant in northeastern New Mexico.
“Our partnership with First Solar further diversifies our resource mix and brings value to our member cooperatives across our four-state service territory,” said Ken Anderson, Tri-State executive vice president and general manager. “This project in New Mexico demonstrates how electric cooperatives can effectively bring utility-scale solar projects to the rural areas they serve.”
The project will be the first utility-scale solar power plant in the region and is expected to be complete by the end of 2010. First Solar will provide monitoring and maintenance services for the PV power plant over the course of its lifetime. The Company expects that, upon completion of the PV power plant, it will have transferred all or substantially all of its equity interest in the project.
“This first-of-its-kind initiative is further evidence that New Mexico is a national leader in renewable energy production. I look forward to many more projects like this coming to fruition in New Mexico and across the country as we shift from fossil fuels to cleaner, green energy. I am especially pleased to see the electric coops take this major leap into renewables,” said U.S. Senator Jeff Bingaman, who chairs the Senate Energy and Natural Resources Committee.
“New Mexico has world-class renewable resources and a ready workforce,” said Governor Bill Richardson. “The announcement of a major new solar power plant in Colfax County is welcome news and demonstrates New Mexico’s commitment to leading the nation in renewable energy development.”
First Solar combines the economic benefits of low-cost technology with superior environmental performance to provide truly sustainable energy solutions.
\"Projects like these represent a step toward transforming our energy future; providing solutions for both climate and the environment,\" said Carl Zichella, western regional director for the Sierra Club.
Entech Solar Announces Appointment of Jay Worenklein to Board of Directors
FORT WORTH, Texas--(BUSINESS WIRE)--Entech Solar (OTCBB:ENSL.OB), a leading developer of concentrating solar energy systems, today announced that Jay Worenklein has been appointed to its Board of Directors. Mr. Worenklein’s appointment follows the resignation of Joseph Bartlett from the Board.
David Gelbaum, Chairman of Entech Solar, stated, \"Jay Worenklein brings a great deal of business and financial acumen to the Company and will be an invaluable addition to the Board. Joe Bartlett, while stepping down from this position, will continue in his role as legal advisor to the Quercus Trust. I thank him for his assistance these past few months.\"
Mr. Worenklein served as chairman and CEO of US Power Generating Company (USPowerGen) from 2003 until 2008. Prior to founding USPowerGen, Mr. Worenklein served as a senior banker at Societe Generale and at Lehman Brothers. He previously was a partner at Milbank Tweed Hadley & McCloy, where he began the firm\'s power and project finance practices. Mr. Worenklein is currently a member of the Board of Directors of Ormat Technologies, Inc., of GridPoint, Inc., and of Entegra Power Group.
David Gelbaum, Chairman of Entech Solar, stated, \"Jay Worenklein brings a great deal of business and financial acumen to the Company and will be an invaluable addition to the Board. Joe Bartlett, while stepping down from this position, will continue in his role as legal advisor to the Quercus Trust. I thank him for his assistance these past few months.\"
Mr. Worenklein served as chairman and CEO of US Power Generating Company (USPowerGen) from 2003 until 2008. Prior to founding USPowerGen, Mr. Worenklein served as a senior banker at Societe Generale and at Lehman Brothers. He previously was a partner at Milbank Tweed Hadley & McCloy, where he began the firm\'s power and project finance practices. Mr. Worenklein is currently a member of the Board of Directors of Ormat Technologies, Inc., of GridPoint, Inc., and of Entegra Power Group.
ICP Solar Announces New, Best in Class Lighting Products
MONTREAL--(BUSINESS WIRE)--ICP Solar Technologies Inc. (OTCBB: ICPR, FRANKFURT: K1U.F), a developer, manufacturer and marketer of proprietary solar panels and products, announced that it has begun selling what it considers to be some of the longest-lasting solar lighting products on the market today. The Company’s Sunsei® solar lights, in a variety of shapes and sizes for outdoor applications, are built of marine-grade stainless steel and often come with built-in motion detectors.
“Our expanded line of Sunsei® light fixtures have been designed primarily with two things in mind – durability and longevity,” said Sass Peress, CEO. “We believe our solar-powered lights now offer the consumer some of the longest-lasting applications on the market and are rugged enough to withstand a broad range of extreme outdoor elements. Given the significant market for outdoor lighting, we are very excited to see these new products available for shipment prior to the busy summer season. Initially being rolled out across North America and available on our website as well as at select retail locations, our Sunsei® lights are the latest innovative offering to respond to the demand for clean, renewable energy worldwide.”
“Our expanded line of Sunsei® light fixtures have been designed primarily with two things in mind – durability and longevity,” said Sass Peress, CEO. “We believe our solar-powered lights now offer the consumer some of the longest-lasting applications on the market and are rugged enough to withstand a broad range of extreme outdoor elements. Given the significant market for outdoor lighting, we are very excited to see these new products available for shipment prior to the busy summer season. Initially being rolled out across North America and available on our website as well as at select retail locations, our Sunsei® lights are the latest innovative offering to respond to the demand for clean, renewable energy worldwide.”
Ascent Solar Opens World Headquarters in Colorado
THORNTON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state of the art flexible thin-film solar modules, will be joined by Colorado Governor Bill Ritter, Jr., and local officials today to cut the ribbon for the company’s new world headquarters in Thornton, Colo., just north of Denver, where Ascent Solar plans to add 180-200 renewable energy jobs over the next two years.
Ascent Solar “recycled” an existing 120,000 square-foot building at 12300 Grant Street in Thornton and expanded it to 145,000 square-feet, making renovations to house its headquarters and planned 30 megawatt (MW) capacity manufacturing lines that will produce solar modules that can power homes, commercial buildings and consumer devices, among other applications. Ascent Solar is expanding from its existing Littleton, Colo., facility, where its 1.5 MW capacity manufacturing line currently produces fully integrated lightweight thin-film CIGS modules using a flexible plastic substrate.
“Thanks to companies such as Ascent Solar, all across Colorado, we’re creating a sustainable energy future, sustainable opportunities for new businesses, and sustainable jobs,” said Gov. Ritter. “The New Energy Economy is leading Colorado forward and will be one of the keys to bringing us out of this recession. Colorado and Ascent Solar’s success are a model for how America can and must re-tool our entire economy.”
At today’s event, Gov. Ritter, City of Thornton Mayor Erik Hansen, Adams County Commissioner Larry Pace and Ascent Solar Chairman and CEO Dr. Mohan Misra will speak to local guests and Ascent Solar employees to celebrate the opening and tour the manufacturing facility under construction, where initial equipment installation has started and production will begin next year.
“Ascent Solar’s flexible, thin-film technology has been in development in Colorado for more than 15 years, so it is a great milestone to open a large-scale facility here that will help bring talented employees and a unique enabling solar technology to the market at a time when the economy and environment are creating great demand,” said Dr. Mohan Misra, Ascent Solar’s chairman and CEO.
The company is working with its partners to develop products that include building-integrated photovoltaics (BIPV) that can be part of rooftops, awnings and siding, for example, to provide solar power.
Ascent Solar “recycled” an existing 120,000 square-foot building at 12300 Grant Street in Thornton and expanded it to 145,000 square-feet, making renovations to house its headquarters and planned 30 megawatt (MW) capacity manufacturing lines that will produce solar modules that can power homes, commercial buildings and consumer devices, among other applications. Ascent Solar is expanding from its existing Littleton, Colo., facility, where its 1.5 MW capacity manufacturing line currently produces fully integrated lightweight thin-film CIGS modules using a flexible plastic substrate.
“Thanks to companies such as Ascent Solar, all across Colorado, we’re creating a sustainable energy future, sustainable opportunities for new businesses, and sustainable jobs,” said Gov. Ritter. “The New Energy Economy is leading Colorado forward and will be one of the keys to bringing us out of this recession. Colorado and Ascent Solar’s success are a model for how America can and must re-tool our entire economy.”
At today’s event, Gov. Ritter, City of Thornton Mayor Erik Hansen, Adams County Commissioner Larry Pace and Ascent Solar Chairman and CEO Dr. Mohan Misra will speak to local guests and Ascent Solar employees to celebrate the opening and tour the manufacturing facility under construction, where initial equipment installation has started and production will begin next year.
“Ascent Solar’s flexible, thin-film technology has been in development in Colorado for more than 15 years, so it is a great milestone to open a large-scale facility here that will help bring talented employees and a unique enabling solar technology to the market at a time when the economy and environment are creating great demand,” said Dr. Mohan Misra, Ascent Solar’s chairman and CEO.
The company is working with its partners to develop products that include building-integrated photovoltaics (BIPV) that can be part of rooftops, awnings and siding, for example, to provide solar power.
Monday, March 23, 2009
Arizona Solar Power Conference Demonstrates How Business Parks, Shopping Centers, Warehouses and Multiple Dwelling Housing Units Can Supplement Electr
SCOTTSDALE, AZ--(Marketwire - March 23, 2009) - The Arizona Solar Power Society will be hosting a solar power conference that will inform commercial real estate property owners, property management companies and other landlords that manage commercial properties on possible options to supplement carbon-based electricity by installing solar power panels on large rooftops and parking lots.
"If you own a large commercial roof top and/or a large parking lot and you do not have solar power panels installed you are missing valuable opportunities to lower monthly utility bills and decrease harmful fossil fuel emissions," said Robert Hoskins, Arizona Solar Power Society.
The conference will focus on Arizona's incentive budget of $185 million in 2009 that is available to any commercial building owner who wants to weatherize buildings, install energy efficiency lighting upgrades and install solar electric power and solar thermal water heating systems.
Presentations also will cover the Obama administration's American Recovery and Reinvestment 2009 stimulus plan to spend an additional $55 million to install renewable energy.
In order to put this money to work, a business plan will be unveiled to create the first statewide Arizona solar installation training program that could create thousands of jobs.
Mayors, town council members, chambers of commerce and economic developers in Cave Creek, Chandler, Fountain Hills, Gilbert, Glendale, Mesa, Paradise Valley, Peoria, Phoenix, Scottsdale and Tempe will meet solar installation companies that can install solar systems on their public buildings and schools.
The FREE "Building a Commercial Solar Power Industry in Arizona" conference will be held on March 26, 2009 from 7:00 pm to 9:00 pm at the Hyatt at Gainey Ranch in Scottsdale, Arizona.
Please call Robert Hoskins at (480) 218-4441 to reserve your seat or RSVP online at http://www.meetup.com/arizona-solar-power-society/calendar/9636305/.
Presentations:
-- Jane Pater, Summit Blue -- American Recovery and Reinvestment 2009
Stimulus Package
-- Tony Tewelis, APS -- Utility Incentive Programs for Commercial Solar
Power Developers
-- Robert Hoskins -- Arizona Solar Installation Training Program
-- Scott Young, Sky Engineering -- Building Cost-Effective Commercial
Solar Systems
-- Ryan Hurley, Rose Law Group -- Writing Arizona Power Purchase
Agreements
-- Kate Sherwood, Recurrent Energy -- Financing Commercial Solar
Installations
-- Brian Rasmussen, BrightSource Energy -- Building Concentrating Solar
Power Plants in AZ
SolarCity and Abode Communities Salute Solar Power and Affordable Housing with Los Angeles Mayor Antonio Villaraigosa
CULVER CITY, Calif.--(BUSINESS WIRE)--SolarCity®, a national leader in solar power system design, financing, installation, monitoring and related services, is proud to unveil a solar array at Morgan Place, a new affordable housing community for seniors in South Los Angeles. SolarCity will join Los Angeles Mayor Antonio Villaraigosa, City Councilmember Bernard C. Parks, Abode Communities President Robin Hughes and many facility residents in a ribbon-cutting and celebration at 1 p.m. on Monday, March 23.
The 55-unit building was designed for sustainability and community development, combining best practices in green building with an open courtyard, on-site services and ADA-accessible apartments. The building revitalized an abandoned lot in the Crenshaw neighborhood of Los Angeles, and provides affordable housing to seniors earning between 30 percent and 50 percent of the area median income.
Over the next 25 years, the Morgan Place solar array is expected to offset 2.2 million pounds of carbon dioxide, more than 7,000 pounds of nitrous oxide and 443 pounds of particulates. SolarCity expects the 49.2 kilowatt (DC) system to produce enough electricity to power 75 percent of the common areas in the building. Other green elements of the facility include Energy Star-rated heating and cooling systems, Energy Star-qualified appliances in all apartments, high-performance windows, 100 percent compact fluorescent lighting, optic skylights and recycled-content carpets. While the building was under construction, SolarCity provided a site survey, custom consultation and assistance in the permitting and rebate process, and designed and installed the solar system.
“Morgan Place demonstrates the potential of every roof to become a clean power generator,” said Jim Cahill, SolarCity’s regional operating director in Southern California. “We’re excited and honored to be able to support Abode Communities, Mayor Villaraigosa and LADWP on an environmentally-conscious approach to affordable housing development.”
The 55-unit building was designed for sustainability and community development, combining best practices in green building with an open courtyard, on-site services and ADA-accessible apartments. The building revitalized an abandoned lot in the Crenshaw neighborhood of Los Angeles, and provides affordable housing to seniors earning between 30 percent and 50 percent of the area median income.
Over the next 25 years, the Morgan Place solar array is expected to offset 2.2 million pounds of carbon dioxide, more than 7,000 pounds of nitrous oxide and 443 pounds of particulates. SolarCity expects the 49.2 kilowatt (DC) system to produce enough electricity to power 75 percent of the common areas in the building. Other green elements of the facility include Energy Star-rated heating and cooling systems, Energy Star-qualified appliances in all apartments, high-performance windows, 100 percent compact fluorescent lighting, optic skylights and recycled-content carpets. While the building was under construction, SolarCity provided a site survey, custom consultation and assistance in the permitting and rebate process, and designed and installed the solar system.
“Morgan Place demonstrates the potential of every roof to become a clean power generator,” said Jim Cahill, SolarCity’s regional operating director in Southern California. “We’re excited and honored to be able to support Abode Communities, Mayor Villaraigosa and LADWP on an environmentally-conscious approach to affordable housing development.”
DRI Energy Installs BIPV Solar Systems on First Two Target Stores in Hawaii
IRVINE, Calif.--(BUSINESS WIRE)--DRI Energy, provider of turnkey solar installation services to commercial building owners and residential homebuilders, today announced the completion of solar installations on Target’s first two stores in Hawaii. Both the Honolulu West and Kapolei stores were outfitted with 143kW DC systems, fully integrated with the single ply roof system installed by DRI Commercial, the commercial roofing subsidiary of DRI Companies.
A third installation at the Target store on the Big Island is scheduled to be completed in early April.
DRI Energy is also a wholly owned subsidiary of DRI Companies, a 30-year-old construction firm specializing in roofing and renewable energy installations. DRI Companies’ clients include Alcoa, Boeing, California Steel Industries, Costco, Home Depot, Longs Drugs, Macy’s, Rite Aid, the United States Navy and many others.
“DRI has the infrastructure, scale and reach to assist national chains like Target in realizing their renewable energy goals,” said Tim Davey, founder and CEO of DRI Companies. “We look forward to our continued relationship with Target for their roofing needs, as well as in reducing their carbon footprint by turning to solar energy generation.”
DRI Companies has been a preferred roofing contractor for Target stores for the last 15 years. In that time, DRI has installed and replaced roofing systems on more than 200 Target stores in nine states across the Western U.S.
Both Target stores celebrated their grand openings on March 8, 2009.
A third installation at the Target store on the Big Island is scheduled to be completed in early April.
DRI Energy is also a wholly owned subsidiary of DRI Companies, a 30-year-old construction firm specializing in roofing and renewable energy installations. DRI Companies’ clients include Alcoa, Boeing, California Steel Industries, Costco, Home Depot, Longs Drugs, Macy’s, Rite Aid, the United States Navy and many others.
“DRI has the infrastructure, scale and reach to assist national chains like Target in realizing their renewable energy goals,” said Tim Davey, founder and CEO of DRI Companies. “We look forward to our continued relationship with Target for their roofing needs, as well as in reducing their carbon footprint by turning to solar energy generation.”
DRI Companies has been a preferred roofing contractor for Target stores for the last 15 years. In that time, DRI has installed and replaced roofing systems on more than 200 Target stores in nine states across the Western U.S.
Both Target stores celebrated their grand openings on March 8, 2009.
Spire to Attend the ThinkGreen 2009 Conference in San Francisco, CA
BEDFORD, Mass.--(BUSINESS WIRE)--Spire Corporation (Nasdaq: SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic modules and cells worldwide, today announced its attendance at the 3rd Annual ThinkGreen 2009 Conference: A Clean Technology & Alternative Energy Forum to be held March 24-26, 2009 at the InterContinental Hotel in San Francisco, California.
Spire will participate in the Industry Growth Outlook from an Equipment Vendor Perspective panel at the ThinkGreen 2009 Conference during the Solar Value Chain session. This will take place on Wednesday, March 25, 2009 at 11:05 AM PDT in the Grand Ballroom C located on the third floor; it will be monitored by Joe Dews, a member of the conference sponsor ThinkEquity Partners.
About Spire Corporation
Spire Corporation is a global solar company providing turnkey production lines and capital equipment to manufacture photovoltaic modules and cells worldwide. Spire Semiconductor provides processing technology for Spire’s silicon solar cell manufacturing lines and produces and sells custom gallium arsenide cells for solar concentrator systems. For corporate or product information, contact Spire Corporation, “The Turnkey Solar Factory Company,” at 781-275-6000, or visit www.spirecorp.com.
Spire will participate in the Industry Growth Outlook from an Equipment Vendor Perspective panel at the ThinkGreen 2009 Conference during the Solar Value Chain session. This will take place on Wednesday, March 25, 2009 at 11:05 AM PDT in the Grand Ballroom C located on the third floor; it will be monitored by Joe Dews, a member of the conference sponsor ThinkEquity Partners.
About Spire Corporation
Spire Corporation is a global solar company providing turnkey production lines and capital equipment to manufacture photovoltaic modules and cells worldwide. Spire Semiconductor provides processing technology for Spire’s silicon solar cell manufacturing lines and produces and sells custom gallium arsenide cells for solar concentrator systems. For corporate or product information, contact Spire Corporation, “The Turnkey Solar Factory Company,” at 781-275-6000, or visit www.spirecorp.com.
Sunrise Solar Joins Prestigious National Black Chamber Public Policy Group
SAN ANTONIO--(BUSINESS WIRE)--Sunrise Solar Corp. (OTCBB:SSLR) announced today that it has joined the prestigious National Black Chamber of Commerce Public Policy Group. The Public Policy Group includes some of the most influential corporations in America, such as energy stalwarts Chevron (NYSE:CVX) and Exxon (NYSE:XOM), telecom giant AT&T (NYSE:T), financial powerhouse Wells Fargo (NYSE:WFC), and even the United States Postal Service.
The National Black Chamber of Commerce is dedicated to economically empowering and sustaining African American communities through entrepreneurship and capitalistic activity within the United States. The Chamber reaches more than 100,000 Black owned businesses nationwide and provides an advocacy that reaches 1 million Black owned businesses. African Americans have over $800 billion in expendable income each year according to the US Bureau of Census.
“After extensive conversations with the Chamber it was decided that it was in our mutual interest for Sunrise to join the Public Policy Group,” noted Eddie Austin, Chairman and CEO of Sunrise Solar Corp. “As a member of the Group, Sunrise will be able to make its case for the \'greenification\' of America, through the use of advanced alternative energy solutions, directly to the corporations and governmental entities whose support will be instrumental in breaking America’s addiction to environmentally costly foreign fossil fuels.”
The National Black Chamber of Commerce is dedicated to economically empowering and sustaining African American communities through entrepreneurship and capitalistic activity within the United States. The Chamber reaches more than 100,000 Black owned businesses nationwide and provides an advocacy that reaches 1 million Black owned businesses. African Americans have over $800 billion in expendable income each year according to the US Bureau of Census.
“After extensive conversations with the Chamber it was decided that it was in our mutual interest for Sunrise to join the Public Policy Group,” noted Eddie Austin, Chairman and CEO of Sunrise Solar Corp. “As a member of the Group, Sunrise will be able to make its case for the \'greenification\' of America, through the use of advanced alternative energy solutions, directly to the corporations and governmental entities whose support will be instrumental in breaking America’s addiction to environmentally costly foreign fossil fuels.”
BioSolar’s BioBacksheet Will “Help Reduce Cost per Watt of Solar, Making Solar Power a More Cost Effective Initiative,” According to Print and Online Reports
SANTA CLARITA, Calif.--(BUSINESS WIRE)--BioSolar, Inc. (OTC BB: BSRC), developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic solar cells, “is challenging (DuPontTM) Tedlar® with a new lower-cost solar panel backsheet made entirely of biomaterials,” according to the February 2009 edition of Plastics Technology.
According to The Residential Solar Power Contractors blog, CaliFinder, BioSolar’s “BioBacksheetTM is not only manufactured with renewable natural resources making it a green product, it’s also cheaper to produce than traditional solar panels and is extremely effective and durable…This new innovation will also help to reduce the cost per watt of solar cells, making solar power a more cost effective initiative.”
BioSolar recently announced plans to expand the company’s BioBacksheet™ technology to accommodate copper-indium-gallium-selenide (CIGS) and cadmium telluride (CdTe) thin-film modules, as reported on Nanowerk News. In addition, emerging energy news provider, Energy Current, recently reported that the company has “concluded successful testing on BioBacksheetTM samples from its first pre-production runs.”
Designed to replace petroleum-based components with renewable plant sources, BioBacksheet™ is a premium-grade backsheet consisting of a cellulosic film combined with a highly water resistant and high dielectric strength nylon film made from castor beans. The patent-pending BioBacksheet™ technology for crystalline silicon (C-Si) photovoltaic solar cells is in the pre-production phase.
“By removing petroleum from photovoltaic solar modules, BioSolar makes solar energy a true green source of energy,” said Dr. David Lee, BioSolar chairman and CEO. “Whether solar cells are produced using crystalline silicon, thin film or other solar technologies, BioSolar can help reduce the cost per watt through the use of its lower cost bio-based materials.”
According to The Residential Solar Power Contractors blog, CaliFinder, BioSolar’s “BioBacksheetTM is not only manufactured with renewable natural resources making it a green product, it’s also cheaper to produce than traditional solar panels and is extremely effective and durable…This new innovation will also help to reduce the cost per watt of solar cells, making solar power a more cost effective initiative.”
BioSolar recently announced plans to expand the company’s BioBacksheet™ technology to accommodate copper-indium-gallium-selenide (CIGS) and cadmium telluride (CdTe) thin-film modules, as reported on Nanowerk News. In addition, emerging energy news provider, Energy Current, recently reported that the company has “concluded successful testing on BioBacksheetTM samples from its first pre-production runs.”
Designed to replace petroleum-based components with renewable plant sources, BioBacksheet™ is a premium-grade backsheet consisting of a cellulosic film combined with a highly water resistant and high dielectric strength nylon film made from castor beans. The patent-pending BioBacksheet™ technology for crystalline silicon (C-Si) photovoltaic solar cells is in the pre-production phase.
“By removing petroleum from photovoltaic solar modules, BioSolar makes solar energy a true green source of energy,” said Dr. David Lee, BioSolar chairman and CEO. “Whether solar cells are produced using crystalline silicon, thin film or other solar technologies, BioSolar can help reduce the cost per watt through the use of its lower cost bio-based materials.”
Friday, March 20, 2009
Trina Solar Announces the Inauguration of North America's Largest Single Rooftop Solar Installation
The
"We are very delighted by the completion of this significant project, which helps to bring clean, green solar energy solutions to
Center for Energy Workforce Development Partners with U.S. Army Reserve to Help Prepare Soldiers for Careers in the Energy Industry
Izzo said impending retirements among high-impact workers - including engineers, line workers, plant operators and technicians - are going to place a premium on skilled workers like those in the reserves and those returning from military service overseas. He said new jobs also will be created by expected infrastructure improvements and increasing utilization of energy efficiency programs, development of greater renewable energy resources such as wind and solar, and the advent of the "smart grid" -- whereby the nation's electricity system becomes increasingly automated and computerized.
"We must have skilled workers for those jobs, and we know that military careers produce skilled workers," Izzo said.
Lt. Gen. Jack C. Stultz, Chief, Army Reserve and Commanding General, U.S. Army Reserve Command, said, "Even in the current economic situation we still have a lot of employers out there that are calling us every day. What employers are telling us is when they hire a Reserve Soldier, they don't just get an employee, they get somebody that has a great work ethic, that has integrity, that has loyalty, that has dedication, and the productivity goes up. So it's a win-win situation for both of us now."
Through its Employer Partnership Initiative, the Army Reserve has been working to facilitate strategic and mutually beneficial relationships with employers and associations. Reserve members are well trained in a variety of skills critical to maintaining not only the strength and agility of the United States Army, but also the many industries and public agencies that form the backbone of the American economy.
OPEL Inc. Brightens Connecticut's Clean Energy Future
SHELTON, CONNECTICUT--(Marketwire - March 20, 2009) - OPEL Inc. ("OPEL"), a leading global developer and supplier of high concentration photovoltaic ("HCPV") and other solar products, including both roof and ground-based tracker systems, today announced that its rooftop solar power installation - the first combined rooftop solar panel and tracker system in the state of Connecticut - has gone live at the Linden Street School in Plainville, CT. The 131-Kilowatt (kW) solar installation was formally launched at a special onsite unveiling in partnership with the Town of Plainville and the Connecticut Clean Energy Fund ("CCEF"), who contributed funding for the project. OPEL Inc. is the US solar subsidiary of OPEL International Inc. in Toronto (TSX VENTURE:OPL).
Under the terms of an agreement between OPEL and the Town of Plainville, which was signed in June 2008, OPEL will own and operate the installation and sell clean electricity to the Town of Plainville at rates below those currently being paid. No capital costs were incurred by the Town and an annual savings of at least US$7,000 in electricity costs is projected. The solar power system will supply clean energy for up to 20 percent of the 130,000 square-foot elementary school's total electrical bill, eliminating 79 tons of carbon emissions, which is the equivalent of planting 10.5 acres of trees.
"We are proud to be a part of this exciting solar power initiative at the Linden Street School," said Robert Pico, CEO of OPEL International, "OPEL's rooftop solar tracker system will generate up to 30 percent more kilowatt-hours than conventional fixed flat plate silicon solar panels, which will result in more cost effective, environmentally sound power for the school."
In commenting on OPEL's installation, Robert Lee, Plainville Town Manager said, "The Linden Street School solar power program reinforces Plainville's position as a leader in clean energy initiatives with the help of valuable funding from CCEF. In addition to reducing electricity costs, we will also be contributing to a cleaner environment making this a winning collaboration for Plainville with OPEL and CCEF."
CCEF President, Lise Dondy, has this to say regarding the Plainville installation, "This innovative solar power project with OPEL at the Linden Street School highlights CCEF's focus on providing support for clean energy initiatives at Connecticut educational institutions, which now total 32 installations statewide. We hope to continue developing and implementing these valuable renewable energy programs throughout the state for many years to come."
Plainville Superintendent of Schools, Dr. Kathleen Binkowski added, "This innovative solar power initiative not only promotes a cleaner environment, but also offers a unique educational opportunity for our students at the Linden Street School to see solar energy in action firsthand."
The Plainville solar power installation features OPEL's innovative Sequoia solar tracker system (patent pending), which includes 210 trackers and 770, 170-watt solar panels. The Sequoia design, which was inspired by the root system of the Sequoia Trees, is a non-penetrating roof design that allows for simple installation and easy disassembly for any necessary maintenance.
Under the terms of an agreement between OPEL and the Town of Plainville, which was signed in June 2008, OPEL will own and operate the installation and sell clean electricity to the Town of Plainville at rates below those currently being paid. No capital costs were incurred by the Town and an annual savings of at least US$7,000 in electricity costs is projected. The solar power system will supply clean energy for up to 20 percent of the 130,000 square-foot elementary school's total electrical bill, eliminating 79 tons of carbon emissions, which is the equivalent of planting 10.5 acres of trees.
"We are proud to be a part of this exciting solar power initiative at the Linden Street School," said Robert Pico, CEO of OPEL International, "OPEL's rooftop solar tracker system will generate up to 30 percent more kilowatt-hours than conventional fixed flat plate silicon solar panels, which will result in more cost effective, environmentally sound power for the school."
In commenting on OPEL's installation, Robert Lee, Plainville Town Manager said, "The Linden Street School solar power program reinforces Plainville's position as a leader in clean energy initiatives with the help of valuable funding from CCEF. In addition to reducing electricity costs, we will also be contributing to a cleaner environment making this a winning collaboration for Plainville with OPEL and CCEF."
CCEF President, Lise Dondy, has this to say regarding the Plainville installation, "This innovative solar power project with OPEL at the Linden Street School highlights CCEF's focus on providing support for clean energy initiatives at Connecticut educational institutions, which now total 32 installations statewide. We hope to continue developing and implementing these valuable renewable energy programs throughout the state for many years to come."
Plainville Superintendent of Schools, Dr. Kathleen Binkowski added, "This innovative solar power initiative not only promotes a cleaner environment, but also offers a unique educational opportunity for our students at the Linden Street School to see solar energy in action firsthand."
The Plainville solar power installation features OPEL's innovative Sequoia solar tracker system (patent pending), which includes 210 trackers and 770, 170-watt solar panels. The Sequoia design, which was inspired by the root system of the Sequoia Trees, is a non-penetrating roof design that allows for simple installation and easy disassembly for any necessary maintenance.
First Solar Produces 1 Gigawatt of Clean Solar Electricity
TEMPE, Ariz.--(BUSINESS WIRE)--First Solar, Inc., (Nasdaq:FSLR) today announced that it has produced 1 gigawatt (GW) of its advanced solar modules since beginning commercial production in early 2002.
It took the Company more than six years to produce its first 500 megawatts (MW) and eight months to produce its second, creating today’s 1GW total. By the end of this year, the Company has announced it will have the capacity to produce more than 1GW per year— the equivalent of an average-sized nuclear power plant.
“This volume allows us to rapidly reduce manufacturing costs, thereby furthering our mission of making solar power an affordable alternative to conventional energy sources,” said Bruce Sohn, First Solar president. “We appreciate the many contributions our associates have made in reaching this 1GW milestone and are grateful for all their hard work.”
First Solar began production in Perrysburg, Ohio, with a single manufacturing line and approximately 150 associates in 2002. By the end of 2009, the Company’s solar modules will come from 23 manufacturing lines on three continents and employing more than 4,000 associates. The Company currently has manufacturing facilities in the U.S., Germany and Malaysia and offices located throughout North America and Europe.
It took the Company more than six years to produce its first 500 megawatts (MW) and eight months to produce its second, creating today’s 1GW total. By the end of this year, the Company has announced it will have the capacity to produce more than 1GW per year— the equivalent of an average-sized nuclear power plant.
“This volume allows us to rapidly reduce manufacturing costs, thereby furthering our mission of making solar power an affordable alternative to conventional energy sources,” said Bruce Sohn, First Solar president. “We appreciate the many contributions our associates have made in reaching this 1GW milestone and are grateful for all their hard work.”
First Solar began production in Perrysburg, Ohio, with a single manufacturing line and approximately 150 associates in 2002. By the end of 2009, the Company’s solar modules will come from 23 manufacturing lines on three continents and employing more than 4,000 associates. The Company currently has manufacturing facilities in the U.S., Germany and Malaysia and offices located throughout North America and Europe.
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