Going Beyond the Hype of Green Investing
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Weekly Clean Energy Roundup:November 14, 2007
News and EventsDOE Invests $21 Million in Next-Generation Solar Cell Research Report Finds Major Economic Benefits to Efficiency, Renewables AWEA Boosts Wind Power Projections to 4,000 MW for 2007 NREL Report Sees Near-Term Supply Shortage for Renewable Power Cadillac and Porsche Plan Luxury Hybrid SUVs USDA Moves Ahead on Federal Procurement of Biobased Products Energy ConnectionsReport: The World Must Help China and India Handle Energy Growth News and EventsDOE Invests $21 Million in Next-Generation Solar Cell ResearchDOE announced on November 8th that it will invest $21.7 million in researching the next generation of photovoltaic (PV) solar cell technology. DOE selected a total of 25 research projects, led by 15 universities and 6 companies, to receive an average of $900,000 over the next three years. The research projects will employ nanotechnologies, dyes, organic solar cells, multiple-layer solar cells, and unique manufacturing techniques in their attempts to create the next generation of solar cells. By 2015, the effort is expected to yield prototype cells and processes, which may be available for commercialization shortly thereafter. See the DOE press release and the “Future Generation Photovoltaic Devices and Processes Selections” presentation on the Solar America Initiative Web site (PDF 2.2 MB). Among the DOE […]
Phoenix Solar AG Reports Record Quarter
Phoenix Solar AG (PS4.DE), a leading international photovoltaic systems integrator, reported total sales of EUR 132.0 million for the nine-month period ending September 30, 2007, up from last year’s figure of EUR 65.3 million – an increase of 102%. The company says international business generated sales of EUR 36.2 million, making up 27.4% of total sales revenues. EBIT stood at EUR 8.98 million – 407% higher than the same nine-month period in 2006. The EBIT margin was 6.80%, as compared with 2.71% last year. The company reported consolidated net income of EUR 5.40 million for the period, topping its 2006 figure by 361% (January to September 2006: EUR 1.17 million). The company reported a record backlog of orders, as of September 30, totaling EUR 133.5 million. Orders on hand from domestic business and from international business totalled EUR 75.8 million and EUR 57.7 million respectively. Website: [sorry this link is no longer available]
WorldWater Reports Decreased Revenue in Q3
WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB), developer of proprietary solar systems, announced lower revenues for Q307, citing start-up delays in large projects. The company reported revenue for the quarter of $4.4 million, compared with $6.5 million reported in Q306. The Company’s net loss for Q307 was $3.8 million, or $(0.02) per share, compared to a loss of $0.9 million, or $(0.01) per share, in the Q306. The company says Q307 reflects investments in R&D, marketing, and operations to support WorldWater’s strategic growth initiatives, which include moving to fewer, multi-megawatt projects from higher volume smaller projects. For the nine months ended September 30, 2007, WorldWater reported revenue of $7.6 million, compared with $10.3 million for the first nine months of 2006. Net loss for the first three quarters of 2007 was $8.7 million, or $(0.05) per share, compared to a loss of $8.6 million, or $(0.07) per share, last year. The company says large projects, which were scheduled for groundbreaking in the second and third quarters, are now starting installation in the fourth quarter. Quentin T. Kelly, Chairman and CEO said, “We saw results somewhat lag expectations this quarter due to unavoidable delays regarding our $17 million project for Fresno […]
EnerNOC Prices Public Offering
EnerNOC, Inc. (NASDAQ: ENOC) announced today that it has priced an underwritten public offering of 2,500,000 shares of its common stock at an offering price of $43.00 per share. The offering includes 500,000 shares offered by EnerNOC and 2,000,000 shares offered by stockholders. EnerNOC and the selling stockholders have granted the underwriters an over-allotment option to purchase up to an aggregate of 375,000 additional shares. Credit Suisse Securities (USA) LLC is leading the underwriting syndicate for the offering. Morgan Stanley & Co. Incorporated is serving as Joint-Lead Manager and the other co-managing underwriters are Canaccord Adams Inc., Jefferies & Company, Inc., and Pacific Growth Equities, LLC. About EnerNOC, Inc. EnerNOC, Inc. develops clean and intelligent energy solutions for utilities and electric power grid operators, as well as commercial, institutional, and industrial customers. The Company uses its Network Operations Center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to utilities and grid operators on demand. Website: http://www.enernoc.com/
Report: N. America Absorbs Only One-Third of Its Carbon Emissions
A new report by the U.S. Climate Change Science program gives the first net reading on North America’s emissions of the greenhouse gas carbon dioxide (CO2). It found that North America absorbs roughly one-third of what it emits, leaving the rest in the atmosphere to contribute to global warming. The report came as climate researchers from around the world meet in Spain, and legislators bicker over proposed energy bills in the U.S. capitol. The researchers are assembling a consensus document to present to world leaders before the environmental summit in Bali in December. The lawmakers are considering taking the teeth out of an energy bill that many Americans hope will create an energy policy favoring cleaner air and renewable resources. According to the report, North America is responsible for more than one-fourth of the CO2 released worldwide. In 2003 the region released 1,856 million metric tons of carbon into the air. Canada and Mexico combined for 15% of the total, and the U.S. made up the remaining 85%. Tony King, lead researcher on the report and chief scientist at Oak Ridge National Laboratory, said the amount of carbon absorbed by the region had not been closely studied before, and some […]
Brown Goes Green
Drivers in and around Petaluma, California will have to negotiate fewer oversized UPS vehicles this holiday season. The company rolled out a small parcel delivery service in the region this week that uses 42 small electric cars and trucks manufactured by ZAP. The UPS branch in Petaluma is the first to use electric vehicles for delivery, leasing an initial fleet of the ZAP Xebra® electric city cars and trucks. Small parcel deliveries are becoming more challenging for the trademark big, brown UPS delivery vans, which is why UPS is using the electric city cars and trucks to handle small parcel deliveries. The ZAP vehicles lessen fuel consumption and reduce automotive emissions produced by current delivery vehicles. “This is the missing link for small package deliveries in congested areas,” said ZAP CEO Steve Schneider. “Packages go from the airplanes, to the tractor trailers, to the delivery vans, then to the drop-off nodes. From there the ZAP trucks make the final delivery to the consumer in a zero-emission vehicle that costs less to operate. It’s a perfect example of how green technology can help corporate America’s bottom line.” ZAP, which is based in nearby Santa Rosa, California, specializes in energy-efficient transportation technologies. […]
Costa Rica and NZ on Path to Carbon Neutralit
URL: http://www.worldwatch.org/node/5439 Website: http://www.worldwatch.org/node/5439
EU body Adopts Strict Emissions Rules for Airlines
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Phoenix Solar AG Reports Record Quarter
Phoenix Solar AG (PS4.DE), a leading international photovoltaic systems integrator, reported total sales of EUR 132.0 million for the nine-month period ending September 30, 2007, up from last year’s figure of EUR 65.3 million – an increase of 102%. The company says international business generated sales of EUR 36.2 million, making up 27.4% of total sales revenues. EBIT stood at EUR 8.98 million – 407% higher than the same nine-month period in 2006. The EBIT margin was 6.80%, as compared with 2.71% last year. The company reported consolidated net income of EUR 5.40 million for the period, topping its 2006 figure by 361% (January to September 2006: EUR 1.17 million). The company reported a record backlog of orders, as of September 30, totaling EUR 133.5 million. Orders on hand from domestic business and from international business totalled EUR 75.8 million and EUR 57.7 million respectively. Website: [sorry this link is no longer available]
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