Renewable energy developer GreenHunter Energy lawsuit dismissed
31st July 2009
Renewable energy developer GreenHunter Energy has seen the lawsuit brought against it by Orion Ethanol, Inc. dismissed by the United States District Court in Kansas.
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Archive for July, 2009
China Wind Systems signs $14m supply contract with Chengxi Shipyard
31st July 2009
China Wind Systems, Inc., a supplier of forged products and industrial equipment to the wind power industry in China, has signed a $14m contract to supply equipment to Chengxi Shipyard.
Solar initiatives shine brightly in New Jersey, US
31st July 2009
As part of the New Jersey Board of Public Utilities’ effort to support new solar projects, Atlantic City Electric and Jersey Central Power & Light are conducting a request for proposal to secure Solar Renewable Energy Certificates.
Nevada Geothermal Power’s director Richard Campbell steps down
31st July 2009
Richard Campbell is stepping down from his position of director of Nevada Geothermal Power with immediate effect.
Electric vehicle company UQM Technologies posts quarterly results
31st July 2009
UQM TECHNOLOGIES, INC, a developer of electric motors, posted its operating results for the quarter ended 30 June, 2009, showing a 37 per cent decline in net loss to $629,116, compared to $999,715m during the same period of the previous year.
Kaydon Corporation reports a drop in second quarter 2009 financial results
31st July 2009
Kaydon Corporation, a supplier of products for the renewable energy industry, posted its second quarter financial results.
Bulgarian Green Investment Fund seeks €15.5m capital increase for Bulgarian solar opportunities
31st July 2009
Bulgarian Green Investment Fund, the newly registered, closed-end fund, focused on investments in the development and construction of photovoltaic projects in Bulgaria, is currently seeking a capital increase of €15.5m through initial private placement, to October 2009.
Entech Solar makes progress with latest solar programmes
31st July 2009
Entech Solar has made significant progress with its development programs focused on solar and skylight products.
Global and Chinese demand for Selenium to increase driven by solar power and glass industries
31st July 2009
Chinese demand for selenium is expected to speed up, owing to a potential demand expansion in manganese production, in which selenium is used. Global selenium demand from glass and solar cell manufacturers should also increase, since there are few selenium substitutes in glass manufacturing, and the further expansion of solar cell production is forecasted, according to a new study.
Solar manufacturing technology company Nanometrics sees revenues rise in Q2 2009
31st July 2009
Nanometrics, a supplier of advanced process control metrology systems used in the manufacturing of semiconductors, solar photovoltaics, high-brightness LEDs and wafer-scale packaging, has announced financial results for its second quarter. The company recorded revenues of $14.5m, up 44 per cent from the first quarter of 2009, though down 39 per cent from $23.8m in the second quarter of 2008.
Osmosis Capital appoints Augentius Fund Administration to administer its low carbon fund of funds
31st July 2009
Osmosis Capital, an asset manager focused on the development of low carbon investment solutions for institutional investors, has appointed Augentius Fund Administration as the administrator for its forthcoming fund of funds.
US fuel cell developer Neah Power Systems receives $10m funding commitment from Optimus Energy Capital Partners
31st July 2009
US fuel cell developer Neah Power Systems has reached agreement with investment fund Optimus Energy Capital Partners under which Optimus may purchase up to $10m of Neah Power’s Series B preferred stock.
Concentrix Solar appoints Henning von Barsewisch as chief sales officer
31st July 2009
Henning von Barsewisch is set to join the management team of German solar manufacturer Concentrix Solar as of September 2009.
Energos and Biogen Power build £75m UK waste-to-energy facility
31st July 2009
UK-based energy from waste business Energos has received its sixth UK planning consent at Kirk Sandall, Doncaster, for its thermal conversion process.
US solar company First Solar posts second quarter 2009 financial results
31st July 2009
First Solar, a US-based solar product company, posted its second quarter 2009 financial results.
FedEx Ground and BP Solar team up to install US’ largest rooftop solar system
31st July 2009
FedEx Ground, the small-package shipping unit of FedEx Corp., is to install the nation’s largest rooftop solar electric system in New Jersey, US, as part of an agreement with BP Solar.
Evergreen Solar posts second quarter 2009 financial results
31st July 2009
Evergreen Solar, a manufacturer of solar power products, has posted its financial results for the second quarter ended 4 July, 2009.
Evergreen Solar signs manufacturing agreement with Jiawei Solar for Chinese solar panels
31st July 2009
Solar technology company Evergreen Solar, Inc. has finalised its agreements with Jiawei Solarchina Co., and the Wuhan Government’s Hubei Science & Technology Investment Co.
Global solar PV demand set to grow 24 per cent by 2013
30th July 2009
Global photovoltaic solar demand is expected to increase at a CAGR of almost 24 per cent between 2008 and 2013, according to a new report.
US energy utility Puget Sound Energy to focus on energy efficiency and wind under new energy strategy
30th July 2009
Heightened energy efficiency, the development of more renewable power and additional natural gas-fired power generation are the linchpins of US energy utility Puget Sound Energy’s newly updated strategy for meeting customers’ growing energy needs, the company said.
EcoSystem Corporation executes deal for $76m equity financing
30th July 2009
EcoSystem Corporation, a producer of renewable fuels, announced the execution of agreements for the sale its preferred stock and warrants to purchase common stock to five investment funds for $76m.
Renewables rise to 5.5 per cent of total UK output according to Department of Energy and Climate Change
30th July 2009
Electricity generated from renewable sources in the UK in 2008 represented 5.5 per cent of total UK electricity generation, up from 4.9 per cent in 2007, according to the Digest of United Kingdom Energy Statistics 2009 published by the Department of Energy and Climate Change.
Smart grid technology developer Grid Net secures venture funding
30th July 2009
Grid Net, a San Francisco-based developer of smart grid network management software and communications products, has secured an undisclose amount of Series C funding. The funding was led by clean energy investor Braemar Energy Ventures and included existing investors Catamount Ventures, GE Energy Financial Services and Intel Capital.
GrafTech posts second quarter 2009 financial results
30th July 2009
Graftech has posted its second quarter 2009 financial results, showing an increase in net sales of 18 per cent over first quarter levels at $158m.
Algae-based biofuels startup Live Fuels adds former Chevron CTO to its scientific advisory board
30th July 2009
Live Fuels, a US startup company developing algae-based renewable fuel, has added former Chevron CTO Dr Donald L Paul to its scientific advisory board.
Spire Corporation develops photovoltaic module manufacturing line for Indian solar technology producer
30th July 2009
US-based Spire Corporation has delivered a photovoltaic module assembly line to Sova Power, a manufacturer of solar technology located in West Bengal, India.
US power company NRG Energy posts second quarter 2009 financial results
30th July 2009
NRG Energy, a US power company, posted its financial results for the second quarter of 2009, recording net income of $433m for the three month period, up from $127m for the second quarter of 2008.
Forest products company Rayonier sees earnings down on 2008, though gains biomass tax credit
30th July 2009
US forest products company Rayonier has reported second quarter net income of $108m, with year-to-date net income was $134m.
US renewable energy company CH Energy Group posts losses for Q2 2009
30th July 2009
US renewable energy company CH Energy Group, Inc. posted a loss of 9 cents per share during the second quarter of 2009, 20 cents per share lower than the same period last year when quarterly earnings were 11 cents. Earnings for the first half of 2009 totaled $1.37, 4 cents higher than the first six months of 2008.
Scheuten Solar and EGBM sign deal for Italian solar projects
30th July 2009
Scheuten Solar, a Dutch solar systems company, and EGBM, an installer of photovoltaic solar systems, have signed a contract for the supply of solar modules for two Italian projects, to be located in Spello and Agello.
Nobility Solar Projects to sell Solarfun’s solar modules in Eastern Europe
30th July 2009
Nobility Solar Projects will purchase 14.2MW of solar photovoltaic modules from Solarfun Power Holdings, a Chinese manufacturer of silicon ingots and photovoltaic solar cells.
Kyocera reports drop in first quarter fiscal year 2010 financial results
30th July 2009
Kyocera Corporation, a Japanese technology company for the solar industry, posted its financial results for the first quarter of fiscal year 2010.
Centrica posts half-yearly 2009 financial results showing a fall in profits
30th July 2009
Centrica, a UK energy company, has posted its half-yearly 2009 financial results, showing a drop in profits due to tough economic conditions.
US semiconductor technology company CyberOptics sees sales rise in second quarter
30th July 2009
CyberOptics Corporation, a listed provider of sensors and inspections systems to the semiconductor market, has recorded consolidated sales totaling $5.2m, compared to $4.4m in this year’s first quarter and $13.4m in the second quarter of 2008.
NaturEner announces $117.5m construction financing and $120m tax equity facility for Glacier Wind 2 wind farm in Montana, US
30th July 2009
Renewable energy company NaturEner USA, has closed on a $117.5m construction loan and a $120m tax equity facility arranged by Morgan Stanley for NaturEner’s Glacier 2 wind farm outside Ethridge, Montana.
Obama Administration announces billions in lending authority for renewable energy projects and to modernise the grid
30th July 2009
US Energy Secretary Steven Chu has announced that the Department of Energy will provide up to $30bn in loan guarantees, depending on the applications and market conditions, for renewable energy projects.
New Jersey approves PSE&G’s $515m solar project initiative
30th July 2009
PSE&G has received approval from the New Jersey Board of Public Utilities to invest $515m in 80MW of solar projects.
Energy efficiency the key to US green economy, according to McKinsey report
30th July 2009
The US economy has the potential to reduce annual non-transportation energy consumption by roughly 23 per cent by 2020, eliminating more than $1.2tn in waste - well beyond the $520bn upfront investment (not including programme costs) that would be required, according to a new report from McKinsey & Company.
BP and Verenium Corporation launch joint venture biofuels company
30th July 2009
Oil major BP and ethanol developer Verenium Corporation have formed a 50-50 joint venture company under the name of Vercipia Biofuels and plan to relocate its corporate headquarters to Florida, US.
US Department of Energy announces funding for solar energy grid integration projects
30th July 2009
US Department of Energy Secretary Chu has announced up to $11.8m for five projects designed to advance the next stage of development of solar energy grid integration systems (SEGIS).
AGL Energy secures energy supply contract for Australian desalination plant
30th July 2009
AGL Energy, a private owner and developer of renewable energy projects, has secured the energy supply contract for Victoria’s new $3.5bn desalination plant to be built near Wonthaggi, Australia.
US renewable energy production rises six per cent in first third of 2009, according to report
30th July 2009
Production of renewable energy for the first third of 2009 was six percent higher compared to the same time period in 2008. Moreover, in April 2009 alone, renewable energy sources accounted for 11.1 per cent of domestic energy production and exceeded the amount contributed by nuclear power, according to the latest issue of the Monthly Energy Review by the US Energy Information Administration.
Convey Computer secures $24m Series B venture financing for green computers
30th July 2009
Green computing company Convey Computer Corporation has closed $24.15m in Series B financing. The round of funding was led by new investor, Braemar Energy Ventures. Series A investors CenterPoint Ventures, Intel Capital, InterWest Partners, Rho Ventures, and Xilinx also participated.
AWS Eco Plastics passes challenge test for recycled plastic product
30th July 2009
AWS Eco Plastics, a UK based plastics recycler, has passed its three month challenge test, a series of trials and detailed analysis on the material produced and the process used.
Intel Capital invests in energy management firm CPower
30th July 2009
CPower, a US-based energy management firm, has received funding from Intel Capital, Intel’s global investment organisation, as part of its ‘Open Energy Initiative’, dedicated to developing the clean energy industry.
Johns Manville and Energy Conversion Devices sign solar PV supply deal
29th July 2009
Johns Manville, a manufacturer of energy-efficient building products has reached a multi-year supply agreement with Energy Conversion Devices, a manufacturer of thin-film silicon-based photovoltaic laminates.
Rentech teams up with ENVIRON for Californian Renewable Energy Center
29th July 2009
Rentech has requested the services of ENVIRON International Corporation to act as its consultant and contractor for the permitting process for its proposed Californian Rialto Renewable Energy Center.
Sumitomo to enter into US wind energy market with acquisition of stake in 120MW Stanton Wind Energy facility
29th July 2009
Trading and investment group Sumitomo Corporation of America is to enter the US wind energy business with the purchase of a 42.5 per cent interest in the 120MW Stanton Wind Energy facility in Martin County, Texas, from AIG Financial Products Corp.
Green investor Climate Change Capital appoints Shaun Mays as CEO
29th July 2009
Climate Change Capital Limited, an investment manager specialising in low carbon opportunities, has appointed Shaun Mays as CEO, with immediate effect.
Optimising subsea power connection systems for tidal energy devices
29th July 2009
New solutions are desperately needed to combat grid connection challenges related to laying long distance subsea cables, according to subsea connections and offsea energy services company VerdErg.
Essential CleanTech Investor Summit
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