Spire Corp. confirmed that it has entered into a contract with Hoku Solar, a division of Hoku Scientific, Inc. to provide Spire’s 15MW turnkey photovoltaic (PV) module manufacturing production line. The production line, scheduled to be delivered in the first half of 2007, will enable Hoku to enter the business of manufacturing and selling PV […]
Millennium Cell Inc. reported a net loss for the quarter ended September 30, 2006 of $2.1 million, or $0.04 per share, as compared to a net loss of $3.4 million, or $0.08 per share in the same period of 2005. Cash used in operating activities for the nine months ended September 30, 2006 was $5.5 […]
Firefly Energy, Inc. has joined the Electric Drive Transportation Association (EDTA), a Washington, DC -based trade association that represents battery, hybrid and fuel cell electric drive technologies. "Advanced batteries technologies are a critical piece of the future of electric drive transportation," stated EDTA President Brian Wynne. "Firefly’s carbon-graphite foam lead acid battery brings a unique […]
Mitsui & Co., Ltd. and Mitsui & Co. (U.S.A.), Inc. (Mitsui) have agreed to acquire the business of Kingston NY-based SunWize Technologies, LLC (SunWize), a solar technology company, specializing in the design and manufacture of integrated solar power systems, and associated project development and product distribution. The acquisition is expected to close after completion of […]
RoseStreet Labs, LLC (RSL) & Sumitomo Chemical Co. Ltd. (Sumitomo) announced a joint venture, RSL Energy, Inc., for the development and manufacturing of full spectrum solar cells for the renewable energy markets. The joint venture will be headquartered in Phoenix, Arizona. RSL Energy is commercializing next-generation technology utilizing full spectrum solutions that can potentially achieve […]
Ultralife Batteries, Inc. announced that, based on a preliminary review of results for the third quarter ended September 30, the company expects to report revenue of approximately $24.4 million and an operating loss in the range of $1.5 million. These results compare to the guidance management provided in its second quarter report that called for […]
MEMC Electronic Materials Inc. has signed a deal worth up to $3 billion with startup Gintech Energy Corp. of Taiwan. Under the terms, MEMC will supply solar wafers to solar-cell maker Gintech over a 10-year period, with pre-determined pricing, on a take or pay basis beginning in the second half of 2007. Sales of the […]
Evergreen Solar, Inc. announced financial results for the quarter ended September 30, 2006. Product revenues increased 227% to $36.2 million from $11.1 million in the third quarter of 2005, with sales of product manufactured at the first EverQ facility in Germany contributing approximately $25.4 million of the total revenue. Gross margin for the third quarter […]
GE Energy announced that it has surpassed 5,000 installations for its 1.5MW wind turbine, one of the most widely used machines in the global wind power industry. “Our 1.5MW wind turbine technology has been proven in nearly every wind regime, terrain or climate worldwide,” said Victor Abate, Vice President-Renewables for GE Energy. “As we celebrate […]
IC Corp. announced that it is launching a new line of hybrid commercial buses. The new buses can be powered by hybrid...
Cree, Inc. announced sample availability of its first power-device combination pack (co-pack). The new Cree co-pack solution is designed specifically to reduce...
Suntech Power Holdings Co., Ltd. announced that it has formed a new subsidiary, Shenzhen Suntech Power (Stock) Co., Ltd. (Shenzhen Suntech), to promote and develop solar power grid integration projects. "’Shenzhen Suntech marks a milestone in our ongoing efforts to develop the solar market in China,” said Dr. Zhengrong Shi, Suntech’s Chairman and CEO. ”The […]
Fuel Cell Technologies Ltd. (FCTL) announced that it has provided notice of termination of employment to all of its employees effective October 2, 2006. To allow FCTL to fulfill substantially all of its existing business commitments, employees have been provided with a combination of working notice and severance. FCTL also announced that John Varghese, A. […]
Xantrex Technology Inc. has signed a supply agreement with SunPower Corp. for solar residential grid tie inverters. The first Xantrex inverters under this agreement were shipped in August 2006. SunPower will provide packaged solar energy solutions for the residential market throughout North America. “SunPower’s selection of Xantrex as its inverter supplier is a reflection of […]
Google Inc. announced that it plans to install what industry experts claim will be the nation’s largest corporate solar project. Google plans to put about 9,200 solar panels on the rooftops of six buildings at its Mountain View, CA headquarters by next spring. The project, to be built by EI Solutions, will produce up to […]