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Book Stores Promote Magazines That Use Recycled Paper

Nearly 400 Barnes and Noble and Hastings Books and Music stores nationwide will run in-store promotions highlighting magazines that use recycled paper, under a major push by Co-op America’s Magazine PAPER Project and Next Steps Marketing. The “Green Paper for People and Planet” promotion will occupy prominent fixtures within these stores with special signage to highlight the magazines’ commitment to the environment. Each publication featured in the fixtures is an environmental leader in using recycled paper with at least 30 percent post-consumer content. Six magazines that use recycled paper – Shape, Fast Company, Mother Jones, ReadyMade, Nickelodeon Magazine, and Body + Soul – will be prominently featured during November in 153 Hastings Books and Music stores. Barnes and Noble has committed to offering 10 slots for magazines that use recycled paper at a heavily discounted rate with special signage in their top 240 stores in January. The promotion will roll out more widely in April 2008 in conjunction with Earth Day. Says Maire Walsh, director of client services at Next Steps Marketing, “For the participating magazines, it can mean building awareness for their titles, increasing sale and market penetration. More importantly, it shows that there are magazines in our industry […]

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Cree Converts to LED Lighting

Cree, Inc. (NasdaqGS:CREE), one of the leaders in LED solid-state lighting components, is converting all lighting at its Durham headquarters and manufacturing facility to LED lighting and released the results of the first phase of the conversion. In a study of the energy usage before and after the lighting conversion, Cree confirmed the energy savings of the newly installed LED lights. The findings indicate that the new LED lights use 48% less energy than the incandescent, fluorescent and high-pressure sodium lights they replaced. The combination of the energy savings, reduced maintenance and disposal costs and the environmental savings demonstrate that LED lighting is now a real alternative to traditional lighting solutions. Cree’s local utility, Duke Energy, is collaborating with Cree to explore the benefits of LED lighting. Said Ted Schultz, Duke’s vice president of energy efficiency, “We expect our energy efficiency plans to be approved next year and are committed to having a complete line of lighting solutions available for customers.” “Conventional wisdom is that LED lighting is years away from widespread adoption. The truth, however, is that the performance of Cree’s LED technology enables real LED lighting solutions today,’ said Chuck Swoboda, Cree chairman and CEO. Cree has launched […]

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Western Wind Enters Solar

Western Wind Energy (WND.V) has created a subsidiary to focus on development of utility scale solar, Western Solargenics. The new subsidiary is in the process of developing, with the intention of constructing, utility scale solar energy electrical generating facilities in California and Arizona. The company also plans to combine wind and solar on appropriate sites. Western Wind is entering the solar sector to take advantage of its specialized asset holdings. The company has significant firm transmission rights in California and owns a lot of land that’s perfect for solar. Some of the highest levels of solar radiation in North America occurs on its land, which also has an abundant supply of water for solar thermal generation. Other reasons the company sites include: – California has the highest energy prices in North America with a further significant premium paid for energy delivery during solar energy’s peak generation profile of super on-peak time of day delivery; – 30% up front federal tax credit available on the entire project to tax equity investors plus accelerated depreciation allowing for substantial incentives to tax investors at the project level; and – With wind energy production in California having a peak generation hour of 12 midnight […]

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EnerNOC Reports Q3 Results

EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of clean and intelligent energy solutions, announced financial results for the third quarter and nine months ended September 30, 2007. EnerNOC reported the highest quarterly revenue performance in company history – total revenues for nine months were $41.1 million. For the quarter, revenues were $19.1 million compared to $11 million for Q306. Sales of EnerNOC’s demand response solutions accounted for substantially all of the third quarter revenue in both 2006 and 2007. “We are very excited about the growth that we achieved this quarter,” said Tim Healy, CEO. “Our core demand response business experienced continued momentum in existing markets and we were able to expand into new geographic regions. In addition, we continued to develop our technology infrastructure, add to our deep talent base, and execute along our strategic roadmap to deliver innovative energy management solutions to our customers.” Financial Summary Cost of Revenues – Cost of revenues for the third quarter of 2007 was $11.3 million, compared to $5.2 million for the same period in 2006, an increase of $6.0 million. Gross Profit – Gross profit for the third quarter of 2007 was $7.9 million. This compares to a gross profit of […]

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Akeena Solar Announces $26.1M Private Placement

Akeena Solar, Inc. (NASDAQ:AKNS), a leading designer and installer of solar power systems, has entered into securities purchase agreements with accredited, institutional investors, to raise approximately $26.1 million by issuing 3.7 shares of stock and warrants. Akeena plans to use the proceeds for general corporate purposes, including growth initiatives and working capital. “The financing raised from this PIPE transaction occurs at an ideal time – as we roll out our proprietary Andalay solar module technology and work to keep pace with the rapidly-growing demand for solar power in our target markets within the United States,” said Barry Cinnamon, CEO. About Akeena Solar, Inc. Founded in 2001, Akeena Solar has grown to become one of the largest national installers of residential and small commercial solar power systems in the United States, serving customers directly in California, New Jersey, New York, Connecticut and Pennsylvania. Website: http://www.akeena.net     

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China Forces Officials to Crack Down on Energy Use as Woes Rise

China is forcing local government officials to take responsibility for energy efficiency. Over the weekend, the nation’s top legislature added amendments to its energy-efficiency law requiring energy-saving efforts to be evaluated in performance reviews for Communist Party officials. The decision coincides with the release of a government report stating that birth defects in Chinese infants have increased nearly 40% since 2001. Government officials have linked the rise to continuing environmental degradation in the country. The report, released by China’s National Population and Family Planning Commission, shows that birth defects rose from 104.9 per 10,000 births in 2001, to 145.5 in 2006, affecting almost one in 10 families. To feed the energy needs of a booming population and economy China has relied heavily on coal-fired power plants for the past three decades, and the population appears to be suffering the consequences of intense pollution. According to a report in the Beijing News, the northern province of Shanxi, a top coal producer plagued by emissions from coke and chemical industries, had the highest rate of birth defects. The paper quoted An Huanxiao, director of Shanxi’s provincial family planning agency, as saying “The incidence of birth defects is related to environmental pollution. The […]

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