1. Home
  2. Articles posted by: Rona Fried (Page 1296)

SunEdison Acquires Island Energy Solutions

SunEdison has acquired Island Energy Solutions, Inc. Island Energy, both an electrical contracting and energy company, has been a pioneer for renewable energy systems in the Hawaiian Islands, recognized for the quality of their installations. Terms of the deal were not disclosed. According to Jigar Shah, CEO of SunEdison, “Island Energy has been a model for progressive pricing structures of energy and deployment of renewable energy solutions in Hawaii for over eight years. Hawaii is an important market for SunEdison, as the state most likely to reach grid parity first. The company’s broad expertise in Hawaii gives SunEdison experienced resources to solve the energy needs of customers in Hawaii. We are honored that they have chosen to become part of the SunEdison team.” Added Keith Cronin, President and CEO of Island Energy, “We are excited that Island Energy can be part of a global organization with the credentials of SunEdison, the true leader in solar energy services. Together, we look forward to deploying solar PV systems throughout the state of Hawaii. In addition, we look forward to contributing ideas successfully used here in Hawaii to SunEdison that can be rolled out on a global scale.” Mr. Cronin will continue as […]

Read More

WorldWater Receives Darfur Order

WorldWater & Solar Technologies Corp. (OTC BB:WWAT.OB) has received an order to produce 10 Mobile MaxPure(TM) units for use in Darfur, Sudan. The proprietary portable solar driven water pumping and purifying units, purchased for an aggregate of $775,000, will provide approximately 30,000 gallons of safe drinking water daily at each of 10 sites across the ravaged desert region. Thousands are dying each month in Darfur, mainly women and children, and the WorldWater Mobile Max systems will supply fresh water for approximately 60,000 persons per day. Deliveries are scheduled for late September/October with installation in October/November. “We are honored to build these state-of-the-art water pumping and purification units that can operate anywhere, starting in less than a half-hour after arrival at site,” said Quentin T. Kelly, Chairman and CEO of WorldWater. “The units are built in tough, sturdy 7-foot cubes which unfold automatically to deliver some 3.5 Kilowatts of electrical power. They can produce water from wells or surface sources 24 hours per day, directly from the sun during the day and from a bank of batteries at night. We expect Mobile Max to save many lives in Darfur,” stated Mr. Kelly. The Mobile MaxPure(TM) is a portable, solar-powered pumping and […]

Read More

Akeena Solar Announces Q2 2007 Results

Akeena Solar, Inc. (OTCBB:AKNS), a leading designer and installer of solar power systems, announced results for the second quarter and six months ended June 30, 2007. Barry Cinnamon, CEO of Akeena, stated, “The escalating demand for solar installations continues to fuel our business. This quarter we reported record revenue of $7.5 million, representing an increase of 20 percent sequentially and 168 percent over the second quarter last year. We remain focused on building the Akeena brand while providing our customers with a superior solar installation experience. We have expanded our geographic footprint with new offices in Bakersfield, Manteca and Santa Rosa. In addition, we are getting closer to rolling out our proprietary solar installation technology.” Net sales for the second quarter of 2007 were $7.5 million, compared to $2.8 million of net sales in the second quarter of 2006. Gross profit for the second quarter 2007 was $1.8 million, or 24 percent of sales, compared to $715,000, or 25 percent of sales in the second quarter of 2006. Sales and marketing for the 2007 period was $1.3 million, compared to $290,000 for the same quarter last year reflecting increased sales commissions and marketing campaigns promoting the company in new regions. […]

Read More

Capstone Announces Q1 2008 Results

Capstone Turbine Corporation® (NASDAQ:CPST), reported operating results for its first quarter ended June 30, 2007 in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 8, 2007. Capstone’s revenue for the first quarter ended June 30, 2007 was $5.6 million, a decrease of approximately 14% from the same period last year. The decline is attributable to lower than expected sales primarily in the North American and Asian markets. Backlog at the end of the first quarter was $5.3 million, an increase of approximately $0.3 million, or 6% from the prior quarter but decreased approximately $0.1 million, or 2% from the end of the prior year comparable quarter. The reported gross loss for the first quarter was $2.5 million, or 44% of revenue, compared to $1.2 million, or 19% of revenue from the same period last year. The increase in gross loss was due to lower sales of higher margin C-60 series units and lower absorption of overhead costs into inventory offset by decreased costs for manufacturing, warranty and inventory charges. During the quarter inventory decreased $1.6 million or 7% from the prior quarter. Research and development costs were $2.7 million for the first quarter, […]

Read More

Analysts See Incredible Shrinking of Arctic Ice

By Andrew C. Revkin The area of floating ice in the Arctic has shrunk more this summer than in any other summer since satellite tracking began in 1979, and it has reached that record point a month before the annual ice pullback typically peaks, experts said yesterday. The cause is probably a mix of natural fluctuations, like unusually sunny conditions in June and July, and long-term warming from heat-trapping greenhouse gases and sooty particles accumulating in the air, according to several scientists. William L. Chapman, who monitors the region at the University of Illinois Urbana-Champaign and posted a Web report on the ice retreat yesterday, said that only an abrupt change in conditions could prevent far more melting before the 24-hour sun of the boreal summer set in September. “The melting rate during June and July this year was simply incredible,” Mr. Chapman said. “And then you’ve got this exposed black ocean soaking up sunlight and you wonder what, if anything, could cause it to reverse course.” Mark Serreze, a sea-ice expert at the National Snow and Ice Data Center in Boulder, Colo., said his center’s estimates differed somewhat from those of the Illinois team, and by the ice center’s […]

Read More

Clean Energy Industry Shows Fast Job Growth

URL: http://www.boston.com/business/technology/articles/2007/08/09/clean_energy_industry_shows_fast_job_growth/ Website: http://www.boston.com/business/technology/articles/2007/08/09/clean_energy_industry_shows_fast_job_growth/     

Read More