1. Home
  2. Articles posted by: Rona Fried (Page 1275)

Investments Soar in Clean Energy

$18.1 billion was invested in the clean energy sector in 2006, a 67% increase from 2005. The rising trend line continues with $10.6 billion invested for the first half of 2007. There are close to 200 private equity funds focused on the sector. $8.6 billion was invested in companies and $9.5 billion was invested in projects last year, according to the report, Cleaning Up 2007, by New Energy Finance This rapid growth tells only half the story: during 2006, clean energy VCs invested only 73% of the total money available to them, with $2 billion residing in funds and waiting to be invested. This is a symptom of a market where demand for deals is higher than supply, which is driving up company valuations. All regions experienced significant growth in 2006. The Americas saw investment of $7.1bn – an increase of 83% on 2005 – as mainstream investors woke up to the opportunities in clean energy, especially in biofuels. There was a 62% increase to $9.2bn in funds invested in Europe, Middle East & Africa, mainly driven by PE investment in companies and projects. Companies and projects in the Asia & Oceania region received $1.8bn in investment, up 26%, driven […]

Read More

FuelCell Energy Reports Q3 2007 Results

FuelCell Energy, Inc. has reported results and accomplishments for its third fiscal quarter and nine months ended July 31, 2007. FuelCell Energy reported revenues for the third quarter of fiscal 2007 of $13.5 million, compared to $8.7 million in the same period a year ago. Product sales and revenues were up 45 percent to $7.8 million compared to $5.4 million in the same period a year ago. The product cost-to-revenue ratio was 1.91 compared with 2.83 in the same period a year ago resulting in improved margins over the prior year. Product cost reductions were realized from the Company’s cost out program and increased production of megawatt (MW) class power plants, which have a lower product cost per kilowatt (kW) of capacity. Research and development contract revenue was $5.7 million compared to $3.3 million in 2006 on higher activity in the Company’s solid oxide fuel cell program. The Company’s product backlog as of July 31, 2007, including long-term service agreements more than doubled to $49.6 million compared to $20.0 million as of July 31, 2006. Research and development contract backlog totaled $22.1 million compared to $9.8 million as of July 31, 2006. In the third quarter of fiscal 2007, net […]

Read More