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WorldWater Announces 2Q Results

WorldWater & Power Corp. (OTC BB: WWAT) has reported financial results for the second quarter and six months ended June 30, 2006. “This quarter, WorldWater took a number of decisive steps, strategically and operationally, to improve our performance for the remainder of 2006,” stated Quentin T. Kelly, Chairman of WorldWater & Power Corp. “Most importantly, we started construction of the Farm ACW solar irrigation project in California, which is now on track and expected to be nearly complete by the end of 2006. This $7.8 million system, the largest of its kind, solidifies WorldWater’s position as a leading player in the solar field, paving the way for similar deals that can leverage our capabilities in solar technology, energy conversion, and high-horsepower pumps. “In addition, we signed a letter of intent to acquire ENTECH, a developer and manufacturer of advanced concentrating solar photovoltaic and thermal technologies, on July 10, 2006. We are very excited about the prospects offered by ENTECH’s technology, and the due diligence is proceeding as scheduled. With the combination of WorldWater and ENTECH, solar installations will be capable of generating and delivering electrical and thermal energy on site at costs competitive to current retail prices, without the need […]

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Suntech Establishes US Subsidiary, CEO Joins NYSE Committee

As part of a long-term strategy to establish a major market for its solar modules and solar cells in North America, Suntech Power Holdings Co., Ltd. (NYSE: STP) has established Suntech America, Inc., a wholly-owned Delaware corporation. Mr. Roger Efird has been named as President of Suntech America, and will also serve on its board of directors. For the last 20 years, Mr. Efird has been actively involved in solar module sales, distribution, and marketing. “Our immediate objectives include the continuation of a regular, dependable supply of solar modules to our existing customers, the establishment of a warehouse facility on the west coast, and pursuing new relationships with US customers,” said Mr. Efird. “The long-term solar wafer supply agreement we recently entered into will better position us to expand our market share in the United States.” “Suntech is a fast growing player in the solar market, and we are especially interested in the long-term potential of the US market for residential and commercial applications, commented Dr. Zhengrong Shi, Suntech’s Chairman and CEO. Through our US subsidiary, Suntech America, we intend to establish long-term relationships with US companies that share our vision of promoting the uses of alternative energy. Dr. Zhengrong […]

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Hydrogenics Awarded American Power Contract

Hydrogenics Corporation (NASDAQ:HYGS, TSX:HYG.TO) has entered into a manufacturing and supply agreement with American Power Conversion (APC) (NASDAQ:APCC). Under the agreement, Hydrogenics will deliver up to 500 HyPM XR 12 kW Fuel Cell Power Modules for integration into APC’s NCPI solutions, specifically its InfraStruXure architecture. APC integrates the fuel cell power module into its advanced, centrally managed, modular and scalable InfraStruXure architecture. The systems are scalable in increments of 10 kW with 30 kW available per standard 19″ server cabinet. Today, this fuel cell product is available as an option for APC’s InfraStruXure system targeting customers requiring high quality, three-phase AC ‘extended run’ backup power in business-critical data centers, satisfying both the air conditioning and electrical needs of these applications. “This is a tremendous opportunity for Hydrogenics to continue our development of a commercial fuel cell product for an identified high potential market that can start reaping cost-effective benefits today,” said Pierre Rivard, President and CEO of Hydrogenics. “Securing this largest single order to date for fuel cell units is a great show of confidence from a world leading NCPI systems provider- not only in Hydrogenics’ products and expertise, but in the first-mover opportunity that fuel cell technology provides. The […]

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SatCon Receives $5M Order for DC Power Electronics

SatCon Technology Corporation (Nasdaq NM: SATC) has received a purchase order, valued in excess of $5 million, issued through Fluor Canada Ltd., acting as representative for a client. Fluor Canada Ltd. is a consultant in industrial and power distribution applications. The order is for over 30 MW of Inverpower(TM) DC power electronics for use in a copper refining process. This order is not included in third quarter orders on hand reported earlier today as final terms and conditions are expected to be finalized within the fourth quarter. Fulfillment of the order is scheduled over the next year. “SatCon, through its wholly-owned Canadian subsidiary, was the first company in the world to supply high power DC power electronics using IGBT power transistor technology. DC power distribution based on power transistor technology is recognized for its high efficiency and power quality, and is also a key feature in our alternative energy inverter products,” said Clemens van Zeyl, President of SatCon Stationary Power Systems. “To-date, SatCon has supplied over 450 MW of DC power distribution equipment utilizing IGBT technology, more than any other company in the world.” “We are pleased to be working with world leaders like Fluor Canada Ltd. to supply high […]

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Spire to Provide First Solar with Eight Simulators

Spire Corporation (Nasdaq: SPIR) has received a purchase order to provide First Solar, Inc. with eight Spire solar simulators. These simulators will be delivered to a manufacturing facility First Solar is building in Germany. This brings First Solar’s order to 12 solar simulators from Spire in the last year. Spire delivered four simulators to First Solar in the fourth quarter of 2005. Spire’s SPI-SUN SIMULATOR 350i is used to test the electrical performance of photovoltaic modules during the manufacturing process. Spire’s simulators can be used in the testing and qualification of thin film modules, such as those produced by First Solar, as well as in the manufacture of the more common crystalline silicon-based modules, making them versatile enough for all module manufacturers. First Solar will incorporate the new simulators into their new, highly automated thin film solar module production line. Roger Little, CEO and Chairman of Spire Corporation, said, “We are pleased that First Solar has once again selected Spire to provide simulators for their module production line. We welcome the opportunity to deliver the state of the art technology needed by First Solar to meet their expanding production needs.” Website: http://www.spirecorp.com     

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Beacon Power Announces 2Q 2006 Results

Beacon Power Corporation (NASDAQ: BCON) has announced its financial results for the second quarter ended June 30, 2006. For the second quarter of 2006, Beacon Power reported revenue of $209,000 and a net loss of $3,273,000, or ($0.06) per share, compared to revenue of $318,000 and a net loss of $1,765,000, or ($0.04) per share, for the second quarter of 2005. For the six months ended June 30, 2006, the Company reported revenue of $498,000 and a net loss of $6,094,000, or ($0.10) per share, compared to revenue of $954,000 and a net loss of $4,010,000, or ($0.09) per share, for the same period ended June 30, 2005. During the quarter ended June 30, 2006, Beacon Power incurred costs of $1,628,000 in selling, general and administrative expense, compared to $1,109,000 in the second quarter of 2005. Research and development expense was $1,087,000 during the second quarter of 2006, compared to $150,000 in the second quarter of 2005. Total operating expenses for the three months ended June 30, 2006 were $3,429,000 compared to $1,791,000 for the same period in 2005. At June 30, 2006, the Company had $10.2 million in cash and cash equivalents, with working capital of $8.5 million. On […]

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Capstone Announces 1Q 2007 Results

Capstone Turbine Corporation (Nasdaq:CPST)reported results for its first quarter ended June 30, 2006 in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2006. Capstone’s revenue for the fiscal 2007 first quarter was $6.6 million, representing an increase of over 70% from $3.8 million for the prior year comparable quarter. However, this represents a decrease of 13% from the fourth quarter fiscal 2006 revenue of $7.6 million. “The year-over-year growth in revenue indicates that demand for microturbines is growing; however, new sales from the New York market are not increasing as quickly as originally planned. The delay in the MEA approval and extended product demonstrations have resulted in a longer than anticipated sales cycle. We remain confident that the New York market offers Capstone a substantial opportunity to grow; therefore, we have redoubled our efforts in this market,” said Mark Gilbreth, Capstone’s Interim President and CEO. Backlog at the end of the first quarter was $5.4 million, a decrease of over 55% from the end of the prior year comparable quarter and approximately 24% from the end of the prior quarter. The decrease in backlog reflects improved lead times from order to shipment […]

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