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Weekly Clean Energy Roundup:August 9, 2006

News and EventsDOE to Guarantee $2 Billion in Loans for Clean Energy Projects DOE Offers $250 Million for Two Bioenergy Research Centers New Contract to Yield First Biomass Power Plant in New Mexico Two New Geothermal Power Plants Slated for Northern Nevada Vail Resorts Buys 100 Percent Wind Power Eleven States are First to Receive Hybrid School Buses DOE to Guarantee $2 Billion in Loans for Clean Energy ProjectsDOE announced new guidelines on Monday for $2 billion in loan guarantees that will support clean energy projects. The loan guarantees will help reduce the financial risks of advanced energy projects that avoid, reduce, or sequester the emissions of air pollutants and greenhouse gases. In announcing the loan guarantees, Energy Secretary Bodman specifically referred to cellulosic ethanol, solar, and wind energy projects. The first round of loan guarantee applications will be governed by the upcoming solicitation, which will inform DOE’s development of permanent regulations. Within the next few weeks, DOE will propose draft regulations to govern future rounds of loan guarantees. See the DOE press release.The announcement was part of a series of events around the country to mark the first anniversary of the Energy Policy Act of 2005 (EPAct), which was […]

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EMCORE Reports 2006 3Q and Nine-Month Results

EMCORE Corporation (Nasdaq: EMKR), a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, solar power and wireless communications markets, has announced its financial results for the fiscal 2006 third quarter ended June 30, 2006. Revenues for the third quarter of fiscal 2006 were $42.0 million, an increase of 26% from the $33.2 million reported in the third quarter of fiscal 2005, and an increase of $0.8 million, or 2%, from the $41.2 million in the previous quarter. All three of the Company’s operating segments, Fiber Optics, Photovoltaics and Electronic Materials and Devices, posted revenue increases both year over year and sequentially. Gross profit for the quarter was $8.6 million, an increase of 28% from $6.7 million a year earlier. The gross margin of 21% is flat compared to the previous quarter. Included in cost of goods sold for the three and nine-month periods ended June 30, 2006 are $0.3 million and $0.7 million of stock-based compensation expense, respectively. No stock-based compensation expense was recognized in the previous year. For the nine months ended June 30, 2006, revenues totaled $123.0 million, an increase of 36%, or $32.4 million as compared to the $90.6 million recorded […]

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