EI Solutions to Build Largest Solar Facility in Pacific Northwest

EI Solutions, the systems integration arm of Energy Innovations, Inc., has been awarded the contract to develop the Pacific Northwest’s largest solar-powered generating facility for Puget Sound Energy, subsidiary of Puget Energy (NYSE:PSE). The 500-kilowatt solar-powered generating facility will roughly double Washington State’s solar output and will be located alongside the utility’s Wild Horse wind-power facility in central Washington. The facility will be four times larger than any existing solar facility in the Northwest and will be the first commercial installation to use solar panels manufactured in Washington State. “Puget Sound Energy’s leadership in renewable energy is a great example for utilities across the country,” said Andrew Beebe, president of EI Solutions. “By integrating solar into its already substantial wind development, PSE has shown the value of a portfolio approach to providing clean, renewable sources of energy to its customers.” The $3.7 million Wild Horse solar project will have more than 2,500 photovoltaic solar panels, mounted in two separate locations across five acres. EI Solutions is expected to begin construction of the solar project in June, with final completion expected before year’s end. The solar facility’s designed output will serve the equivalent energy needs of about 300 households. EI Solutions […]

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China Power to spend $4B on Renewables

China Power International, run by the daughter of former Premier Li Peng, says it will spend up to $4 billion by 2010 to develop renewable energy sources. The company is considering listing on mainland stock exchanges to help bankroll the investment, which would be one of the largest ever in renewable energy. China intends to spend an estimated $200 billion on renewable energy over the next 15 years and has ordered its largest power firms to derive 5% of their generation from renewables by the end of 2010 and by 10% by 2020. State-run firms including China Power, Huaneng Power and Datang International Power are gearing up commercial projects. By 2010, China Power International plans 1,000 megawatts (MW) of renewable energy, with another 1,000 MW under construction and another 1,000 MW in the pipeline. “It typically takes 8 to 10 billion yuan to build 1,000 megawatts of renewable capacity. So the total investment will be 24 to 30 billion yuan ($3.1-$3.9 billion),” said Liu Genyu, Oriental Investment’s COO.

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Fuel-Tech 1Q Earnings Tumble

Fuel Tech, Inc. (Nasdaq: FTEK), a leader in advanced engineering solutions for the optimization of combustion systems in utility and industrial applications, reported lower results for the quarter ended March 31, 2007. Net sales totaled $16.3 million, down 5% from Q106. Net income totaled $0.8 million, or $0.03 per diluted share, versus $1.3 million, or $0.06 per diluted share, in the same year-ago quarter. The decline in net income is attributable to several factors, including: the winding down of two air pollution control projects in the People’s Republic of China, which had been signed in 2005 and had contributed significantly to revenues in 2006; the impact on FUEL CHEM® program revenues of plant outages experienced by a significant number of utility coal-unit customers; and the recording of higher stock-based compensation expense, which increased on an after-tax basis from $227,000 in the first quarter of 2006 to $583,000 in the current quarter. Despite the impact of unit outages, revenues for the fuel treatment chemical business segment were up 61% over 2006, reflecting the growing acceptance of the various benefits of Fuel Tech’s proprietary TIFI(TM) Targeted In-Furnace Injection(TM) technology. “We have experienced a somewhat slower start to the year than planned,” commented […]

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AMSC, Nexans Announce Successful Testing of World's First Power Transmission Cable Made With 2G HTS Wire

American Superconductor Corporation (NASDAQ: AMSC), a leading energy technologies company, and Nexans, the worldwide leader in the cable industry, have successfully tested the world’s first power transmission cable made with second generation (2G) high temperature superconductor (HTS) wire. The cable was produced by Nexans using AMSC’s proprietary 2G HTS wire known as “344 superconductors.” The 30-meter-long, transmission-voltage cable was successfully tested at a Nexans high-voltage facility in Hannover, Germany. Operated at 138,000 volts (138kV), the cable contained only 33 hair-thin 344 superconductors, yet it demonstrated the capability to transmit 435 mega-volt-amperes (MVA) of power – enough electricity to power over 250,000 homes. This rating is more than 50% higher than conventional cables at the same voltage level. “This demonstration is an important milestone and paves the way for large-scale, commercial utility projects,” said Greg Yurek, founder and CEO of AMSC. “We have achieved commercial-grade electrical performance with our 344 superconductors, and have proven that our manufacturing methodologies are on the way to achieving cost targets that are expected to enable broad application of this technology in power grids.” The demonstration confirms that 344 superconductors are a drop-in replacement for first generation HTS wire. First generation HTS wire has been used […]

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United Solar Wins Italy Order

United Solar Ovonic, a subsidiary of Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), has received two orders totaling over $5.8 million of photovoltaic (PV) products from Unimetal S.p.A to be delivered before September 2007. Unimetal, a supplier of sheet metal roofing materials based in Torre San Giorgio, Italy, will integrate the UNI-SOLAR® flexible solar products in its steel metal roofing products for distribution in Italy, France and Spain. “With the new feed-in tariff recently approved in Italy, there is a preference for building integrated photovoltaic installations, which received the highest incentive levels. Our OEM agreement with Unimetal follows our overall strategic plan to expand our presence in emerging markets like Italy,” said Maarten van Cleef, Key Account Manager of United Solar Ovonic for Southern Europe. “Unlike traditional crystalline technology, which typically uses heavy, glass panels, UNI-SOLAR® products are flexible, durable, lightweight, and easy to install. Because of these characteristics, UNI-SOLAR® products offer the ideal solution for building integration. Additionally, independent studies in Europe and elsewhere have shown that our triple-junction products deliver more energy per rated power than the conventional crystalline products,” said Salama Naguib, Vice President – Global Sales & Marketing of United Solar Ovonic. Website: http://www.uni-solar.com     

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