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238 Developments Join LEED Pilot

LEED for Neighborhood Development – the pilot rating system launched jointly by the U.S. Green Building Council (USGBC), the Natural Resources Defense Council (NRDC) and the Congress for New Urbanism (CNU) is off to a promising start. A total of 238 developments have signed up to participate in the pilot program, which will be the first national certification system for sustainable neighborhood design and development. LEED for Neighborhood Development will integrate the principles of smart growth, new urbanism, and green building into the design and development of communities, moving beyond the single green building approach. The LEED for Neighborhood Development pilot is on track to be one of the largest launches yet for a new LEED program. The LEED Green Building Rating System, developed by USGBC, was originally created as a way to define green building for new commercial construction and has since expanded to include building types ranging from existing buildings, commercial interiors, and core & shell developments to single family homes and most recently neighborhood developments. LEED certification provides independent, third-party verification that a development’s location and design meet accepted high standards for environmentally responsible and sustainable development. “The LEED for Neighborhood Development pilot program is the next […]

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Recycled Paint Gets Green Seal of Approval

A recycled latex paint from the Portland, Ore., area is the first in the nation to receive certification from Green Seal, an environmental standards organization. The paint also has received certification from the Master Painters Institute, a paint performance certification group. The Green Seal and MPI certifications assure buyers that MetroPaint 100 percent recycled latex is environmentally friendly and performs as well as new paint,o said Jim Quinn, hazardous waste program manager for Metro, a regional government covering three counties in the Portland area. MetroPaint is 100-percent recycled and comes in 16 colors and costs about a third of the price of comparable new paint.

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Green Power

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Nova Reaches Agreement with ConAgra

Nova Biofuels Trade Group, a subsidiary of Nova Biosource Fuels, Inc., has entered into a biodiesel sales agreement with ConAgra Trade Group to market and sell biodiesel fuel and manage logistics for Nova at the 20 million gallon per year biodiesel refinery in Greenville, Mississippi owned by Scott Petroleum Corporation. Nova has contractual rights to obtain 50 percent of the biodiesel and glycerin production from the refinery at a specified cost. Scott Petroleum Corporation has made arrangements to procure 50 percent of the refinery’s feedstock from a variety of locally available feedstocks to produce biodiesel. Additionally, ConAgra Trade Group has agreed with Scott Petroleum to assist in procuring the additional feedstock requirements, primarily animal fats and waste products. The refinery, which is located on the Mississippi River, is mechanically complete and preparations have begun for commissioning the refinery and fuel terminal. The plant is scheduled to commence production of biodiesel in September. “Nova has performed well in the design and construction phases of our refinery,” said Scott Petroleum President Solon Scott, Jr. “We’re looking forward to commissioning Nova’s proprietary technology to convert a variety of feedstocks produced in Mississippi into ASTM quality biodiesel for my customers.” Nova previously designed and […]

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AES Expands Wind Business into China

The AES Corporation (NYSE:AES) plans to expand its wind generation business into China through the creation of a joint venture with Guohua Energy Investment Co. Ltd., one of China’s leading producers of renewable energy. The joint venture will construct, own and operate a 49.5 MW wind farm, which is currently under design and expected to achieve commercial operation in 2009. Through its investment in the joint venture, AES will become the first U.S.-based power company with wind generation facilities in China. The wind farm site is located in the Huanghua area of Hebei Province, approximately 200 kilometers southeast of Beijing, and has the potential to generate up to 225 MW. The Hebei Provincial Power Company will purchase all of the power generated by the facility, as required by the Chinese Renewable Energy Law. AES subsidiary AES Black Sea Holdings BV will own a 49% interest in the joint venture, known as Guohua AES (Huanghua) Wind Power Co. Ltd. The remainder of the joint venture will be owned by Guohua. Financial terms of the transaction were not disclosed. “Through our joint venture with Guohua, AES is able to enter the promising wind market in China with a well-established and respected partner, […]

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Distributed Energy Reports Q2 Results

Distributed Energy Systems Corp. (Nasdaq: DESC), has reported revenues of $6.8 million for the second quarter ended June 30, 2007, compared with $9.4 million reported in the same period of 2006. The company’s net loss was $10.3 million for this year’s second quarter, or $0.26 per share, compared with a net loss of $6.5 million, or $0.17 per share for the same period a year ago. For the first six months of 2007, revenues were $15.3 million, with a net loss of $24.9 million, or $0.63 per share, compared to revenues of $17.0 million, and a net loss of $13.9 million or $0.36 per share for the comparable 2006 period. Ambrose L. Schwallie, Distributed Energy Systems’ chief executive officer, said: “The previously announced initiatives to refocus on more attractive markets, such as oil and gas, wind systems and power electronics, which should improve our sales and margins over time, have yet to achieve their potential. In addition, we continued to work toward project completion, along with negotiations to disengage from legacy engineering, procurement and construction projects and service obligations which were uneconomic, and the costs associated with those activities had an additional unfavorable impact on our results.” “At the same […]

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Hydrogenics Reports Q2 2007 Results

Hydrogenics Corporation (Toronto:HYG.TO)(NasdaqGM:HYGS) has reported its second quarter and six-month unaudited results. Results are reported in U.S. dollars and are prepared in accordance with Canadian generally accepted accounting principles (“GAAP”). “Last quarter we reported on a restructuring and streamlining of our operations to significantly reduce our annual cash consumption,” said Daryl Wilson, President and Chief Executive Officer. “The success of this initiative depended, in part, on achieving an improved order book and deliveries in our OnSite Generation business unit. In the second quarter, we achieved significant increases in both our order book and revenues, giving us confidence that we are on track to deliver meaningfully improved financial performance. At the same time, our sales funnel continues to be strong, bolstering our confidence and positive outlook.” “Our Power Systems business unit continues to achieve positive gross margins by seeding pre-commercial markets with sales of our standard power module products as we gain traction in commercial sales to core backup power and materials handling markets,” Wilson added. Results for the second quarter of 2007 compared to the second quarter of 2006 Revenues were $9.5 million, a 76% increase from the second quarter of 2006 and reflect $3.7 million of incremental OnSite Generation […]

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Suntech Reports Q2 2007 Results

Suntech Power has announced their Q2 2007 financial results. “I am pleased to report excellent results for the second quarter,” said Dr. Zhengrong Shi, Suntech’s Chairman and CEO. “We once again exceeded our output target as we saw unprecedented demand for Suntech’s high quality solar panels across a range of international markets. In fact, our sales demand has been so strong that we have already signed contracts to deliver over 150MW of our PV modules in 2008. To put that in perspective, that is nearly equal to Suntech’s entire output in 2006. As we deepen our sales channels and networks in key geographies, we believe we will continue to grow faster than our competitors as well as the underlying markets.” “In the second quarter, our margins improved as ASPs remained in line with our expectations and silicon deliveries from our long-term suppliers returned to schedule.” Dr. Shi added, “Our MSK integration efforts combined with the strategic refocus on building-integrated photovoltaic products (BIPV) has also led to greater global sales traction and improvements in the margin impact of our MSK products.” Commenting on Suntech’s technology, Dr. Shi said, “We are pleased with the progress of our solar innovation initiatives. Despite the […]

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