LED Maker Lamina Aglow with Funding
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Color Kinetics Reports Q1 Results
Color Kinetics Incorporated (Nasdaq: CLRK), a leading innovator of LED lighting technologies, reports that revenues reached a record $18.8 million for the first quarter, an increase of 28% from Q106. GAAP net income was $1.5 million or $0.07 per fully diluted share, up 697% over net income of $188,000 or $0.01 per fully diluted share in the first quarter of 2006. “We’re very pleased to mark the start of our 10th year in business with another strong operational performance, reflecting continued revenue growth across multiple regions, strong margins, substantial momentum in licensing, and a rate of new intelligent LED lighting installations that we believe outpaces any other player,” said Bill Sims, President and CEO, Color Kinetics. “The public’s attention to lighting has perhaps never been greater, particularly with recent headlines and efforts to curb its contribution to energy strain. While LED technology has the potential to ultimately leapfrog conventional sources as the energy-efficient choice of the future, our success in the market points to the many other advantages that LED systems already deliver today; from reduced maintenance and longer lifespan to advanced digital control for both existing and entirely new lighting applications,” said Sims. “As LEDs continue their progression towards […]
Millennium Cell Reports Q1 Results
Millennium Cell Inc. (NASDAQ: MCEL), a developer of hydrogen battery technology, reported a slightly lower net loss for the first quarter of $2.7 million ($0.05 per share), compared to $2.7 million ($0.06 per share) in Q106. Total revenue and cost reimbursements were $618,000, up from $438,000 in Q106, reflecting increased military development funding. “In the first quarter, We established pilot manufacturing capability for our Hydrogen on Demand® fuel cartridges, initiated new programs with our licensees for integrated power solutions and continued to attract government funding. Additionally, we recently signed a licensing agreement with Kuchera Defense Systems which will further our efforts towards commercialization of power source products comprised of PowerSkin(TM) fuel cells and Hydrogen on Demand® fuel cartridges,” said H. David Ramm, CEO. “Early in the quarter, we developed a pilot production line for our fuel cell cartridges in collaboration with The Dow Chemical Company and The Edison Welding Institute. Our focus is to develop manufacturing techniques and select materials that will achieve higher reliability and performance at a lower cost. We have recently received additional funding from the National Center for Manufacturing Sciences for the next phase of the project where we will continue to work with our partners […]
Canada to Ban Incandescent Light Bulbs by 2012
URL: http://www.planetark.com/dailynewsstory.cfm/newsid/41556/story.htm Website: http://www.planetark.com/dailynewsstory.cfm/newsid/41556/story.htm
Canada's to Build 40 MW Solar Farm
Energy Minister Dwight Duncan plans to make a major announcement today on 14 Canadian renewable energy projects. The 14 projects will add more than 107 MW to the provincial grid, and will include two new water power projects with Ontario First Nations. The largest project has been announced: Canada’s largest solar farm is being built near Sarnia, Ontario, a 40 MW farm consisting of over 1 million panels on the ground. The power will be sold to the provincial government. California-based OptiSolar is building the plant and plans to have electricity on the Ontario power grid by 2010. OptiSolar will be paid CAN 42 cents ($0.38)per kilowatt-hour for the solar power, almost quadruple the price for wind power.
Brazil to Split Up its Environmental Agency
URL: http://www.planetark.com/dailynewsstory.cfm/newsid/41565/story.htm Website: http://www.planetark.com/dailynewsstory.cfm/newsid/41565/story.htm
Kohl's Goes Solar in California
In the largest purchase and deployment of solar power by a single entity in U.S. history, Kohl’s Corp. announced it will buy solar for most of its California department stores. Kohl’s will purchase solar energy in a long term set price agreement from SunEdison, which will own, install and service the systems. Kohl’s electricity prices will drop as energy prices rise over the 20 year agreement. 62 out of the 80 Kohl’s stores in the state will get 2,340 solar panels on their roofs. Kohl’s solar deployment represents about 15% of California’s installations to date. When complete, Kohl’s solar deployment will represent about 1% of California’s 10-year objective.
Scientists Want Climate Change Skeptics Film Edited
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Acciona to Build First US Wind Turbine Plant
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Q1 2007 Cleantech Venture Investment Totals EUR 663 Million
In Q1 2007, North American and European venture investment in the cleantech category totaled EUR 663 million. This represented a 16.5% increase over the EUR 569 million invested in Q4 2006 and a 42% increase over Q1 2006 investment of EUR 465 million, according to Cleantech Venture Network. European cleantech venture capital investment totaled EUR 126 million, a 6% increase over Q4 2006 and a 43% over Q1 2006. Germany accounted for EUR 28 million, or 22%, and UK investment reached EUR 46 million accounting for 36%. North American venture capital investment totaled EUR 536 million, an increase of 19% over Q4 2006 and 42% increase over Q1 2006 investment. In Europe, EUR 72 million was invested in the energy generation category, garnering 57% of total European cleantech investment. The UK accounted for 40% of the total energy generation investment and Germany 20%. In North America, energy generation took in EUR 292 million, accounting for about 54% of total venture capital investment. Q1 2007 growth follows a 45% increase in venture investment in 2006 over 2005. European and North American venture capitalist invested EUR 2.6 billion in 2006.
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