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SatCon Reports Results

SatCon Technology Corp.(Nasdaq CM: SATC), developer and manufacturer of power electronic products for the alternative energy markets, announced its operating results for the nine months through September 30, 2006. Revenue decreased by 10% to $2.6 million. The company attributes the decrease to its exit of non-strategic product lines. Revenue its Stationary Power Systems division increased by 23%. Operating losses increased to $10.2 million, up from $8.3 million in 2005, as a result of lower revenue combined with increased investment spending of approximately $1.1 million in its core businesses, including renewable energy. Orders on hand are at an all-time high of $32 million, including $16 million for the Stationary Power Systems division. While total orders on hand are up over 50% compared with this same time a year ago, the orders on hand for the Stationary Power Systems division are up approximately 150%, compared with $6 million a year ago, and is indicative of the success the Company is having in its Stationary Power Systems product lines. “I am pleased to see the growth in our Stationary Power Systems division revenues and order backlog,” commented David Eisenhaure, President and CEO. “For the quarter and nine months ended September 30, 2006, Stationary […]

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Another Inconvenient Truth – Meat is a Global Warming Issue

by Dan Brook, August 17, 2006Al Gore’s movie (and book), An Inconvenient Truth, is playing to rave reviews. His laudable project is an urgent message on the vital issue of global warming. We all must heed the call.If we didn’t realize it already, we now know that we are overheating our planet to alarming levels with potentially catastrophic consequences. 2005 was the hottest year on record. Think of an overheated car; now imagine that on a planetary scale.There are many human activities that contribute to global warming. Among the biggest contributors are electrical generation, the use of passenger and other vehicles, over-consumption, international shipping, deforestation, and militarism. (The U.S. military is the world’s biggest consumer of oil and the world’s biggest polluter.)What many people do not know, however, is that the production of meat also significantly increases global warming. Cow farms produce millions of tons of carbon dioxide and methane a year, the two major greenhouse gases that together account for more than 90% of U.S. greenhouse emissions.According to the United Nations Environment Programme’s Unit on Climate Change, “There is a strong link between human diet and methane emissions from livestock.” The 2004 State of the World is more specific […]

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Weekly Clean Energy Roundup:November 15, 2006

News and Events Washington State Voters Mandate Efficiency and Renewable Energy International Energy Agency Points the Way to a Clean Energy Future DOE Research Project Yields New Low-Speed Wind Turbine Blade Geothermal Power Continues to Grow Rapidly in 2006 Waste-to-Energy Projects Gain Momentum in the United States Wal-Mart Approves of LED Lights but Remains Unsure About Wind Power Energy ConnectionsOil Companies Plan to Modify and Expand U.S. Refineries News and EventsWashington State Voters Mandate Efficiency and Renewable EnergyVoters in Washington State have approved Initiative Measure 937, which calls for the state’s investor-owned utilities to draw on new renewable energy sources for 15 percent of their electricity supply by 2020. The measure allows utilities to buy renewable energy credits to help meet the requirement, and gives double credit for smaller, customer-sited systems, so long as the utility buys the renewable energy credits for those systems. The renewable power can be produced from wind, solar, geothermal, or ocean energy, as well as hydropower and certain types of biomass energy. The measure also calls for utilities to pursue all available energy-saving efforts that are cost-effective, reliable, and feasible, allowing credit for customer-owned facilities that generate both heat and power. See the full text […]

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