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Special Report: Solar Energy

URL: http://www.forbes.com/2007/08/16/solar-power-entreprenuers-tech-07egang-cz_ec_0816egang_land.html?partner=yahootix Website: http://www.forbes.com/2007/08/16/solar-power-entreprenuers-tech-07egang-cz_ec_0816egang_land.html?partner=yahootix     

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Carmanah Reports Q2 Results

Carmanah Technologies Corporation (Toronto:CMH.TO) announces its financial results for the six months ended June 30, 2007. “During Q2 2007, Carmanah faced challenges on many fronts,” states Art Aylesworth, Carmanah’s CEO. “The sudden rise of the Canadian dollar resulted in lower sales, lower margins, as well as losses from a working capital revaluation; the combined impact on the quarter is estimated at $1.5 million pre-tax as well as a 5% reduction in gross margin. Carmanah’s operating costs also increased disproportionately, as the Company ramped up in support of anticipated growth. In addition, as part of an ongoing analysis of inventories, Carmanah recorded an additional inventory allowance of $660,000 in June 2007 to allow for slow moving and obsolete inventory.” “The net result was unsatisfactory performance for Q2 2007 and an unsettling time for Carmanah and its shareholders,” states Aylesworth. “However, we believe that shareholders should not lose sight of the fact Carmanah is uniquely positioned in one of the most significant growth areas in technology. Our differentiated, higher margin offerings in energy-efficient, renewable technologies have a great future. We are making the changes in our executive management depth, operations and execution to ensure that we maintain leadership in this space.” Revenues […]

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Spire Reports Q2 Results

Spire Corporation (Nasdaq: SPIR) has reported revenues of $8,579,000 for the three months ended June 30, 2007, compared to $3,895,000 for the three months ended June 30, 2006. Net loss was $1,864,000 or $0.23 per basic share for the three months ended June 30, 2007, compared with a net loss of $2,081,000 or $0.26 per basic share for the three months ended June 30, 2006. Revenues for the six months ended June 30, 2007 were $15,576,000, compared to $9,268,000 for the six months ended June 30, 2006. Net loss was $3,611,000 or $0.44 per basic share for the six months ended June 30, 2007, compared with net loss of $4,085,000 or $0.54 per basic share for the six months ended June 30, 2006. Roger G. Little, Chairman and CEO of Spire, said, “Our revenues more than doubled due to the growth of our solar equipment and turnkey factory products. To be responsive to this unprecedented demand, we are rapidly expanding our staff and manufacturing capacity. Since January 2007, we have expanded our workforce by over 83% and our manufacturing space by 50,000 sq. ft. to accommodate our growth. Our gross margins have improved, however not to the level we anticipated […]

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EPA, India-Based Corporation Join Forces

The EPA and India’s largest oil producer have signed an agreement to work together to reduce emissions of methane, a potent greenhouse gas. The Oil and Natural Gas Corp. Ltd. (ONGC), headquartered in Dehradun, has joined seven other large oil and natural gas companies as a partner in EPA’s Natural Gas STAR International Program. This program, implemented in support of the Methane to Markets Partnership, aims to identify and implement projects in the oil and natural gas sector that cost-effectively reduce methane emissions and deliver more gas to markets around the world. “Pollution knows no geographic or political borders” said EPA Administrator Stephen L. Johnson. “By exporting our successes in methane recovery, the U.S. is helping India’s Oil and Natural Gas Corporation take methane waste and turn it into environmental and economic wealth.” Methane is over 20 times as effective as carbon dioxide at trapping heat in the atmosphere. In addition to the greenhouse gas mitigation benefits, capturing and using methane as a clean fuel provides economic and energy security benefits, since methane is the primary component of natural gas. By joining Natural Gas STAR International, ONGC agrees to implement technologies and practices to reduce methane emissions where it is […]

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Storing Power in a Sheet of Paper

Researchers at Rensselaer Polytechnic Institute have developed a new energy storage device that easily could be mistaken for a simple sheet of black paper. The nanoengineered battery is lightweight, ultra thin, completely flexible, and geared toward meeting the trickiest design and energy requirements of tomorrow’s gadgets, implantable medical equipment, and transportation vehicles. Along with its ability to function in temperatures up to 300 degrees Fahrenheit and down to 100 below zero, the device is completely integrated and can be printed like paper. The device is also unique in that it can function as both a high-energy battery and a high-power supercapacitor, which are generally separate components in most electrical systems. Another key feature is the capability to use human blood or sweat to help power the battery. Details of the project are outlined in the paper “Flexible Energy Storage Devices Based on Nanocomposite Paper” published Aug. 13 in the Proceedings of the National Academy of Sciences. The semblance to paper is no accident: more than 90 percent of the device is made up of cellulose, the same plant cells used in newsprint, loose leaf, lunch bags, and nearly every other type of paper. Rensselaer researchers infused this paper with aligned […]

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