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Evergreen Enters $200M Agreement With SunEdison

Evergreen Solar, Inc. (Nasdaq: ESLR) today announced its largest sales agreement to date. Under the terms of the agreement, Evergreen Solar will ship approximately $200 million of photovoltaic modules to SunEdison, LLC over the next five years. “This agreement with SunEdison underscores the growth potential of our photovoltaic module product line and aligns our company with an emerging solar power leader,” said Richard M. Feldt, Evergreen Solar’s president and CEO. “The agreement also demonstrates the strategic importance of EverQ – our partnership with Q-Cells and Renewable Energy Corporation. The recent announcement of our intention to expand EverQ’s capacity to 80MW in 2007 and up to 300MW by 2010 enables us to continue forging long-term customer agreements with solar industry leaders like SunEdison.” “SunEdison simplifies solar development projects by offering clients access to the company’s innovative Solar Power Service Agreement (SPSA), a finance and service model that allows public, private and nonprofit organizations to buy and use solar electricity generated at their facilities without capital investment,” said Feldt. “This innovative platform enables wider access to solar power and supports Evergreen’s ultimate goal of converging the cost of solar power with retail grid pricing.” “SunEdison’s strategic partnership with Evergreen Solar, a solar […]

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Hydrogenics Receives HyPM Fuel Cells Contracts

Hydrogenics Corporation (TSX:HYG.TO)(NASDAQ:HYGS) has received orders for four HyPM Fuel Cell Power Packs for STILL International, a wholly-owned company of Linde AG, the market leader in Europe for electric forklifts. Two Fuel Cell Power Packs (FCPP) will be integrated into STILL Class 1 forklifts, used extensively throughout the automotive industry in North America. The remaining modules will be integrated into two airport tow tractor vehicles to be deployed at the Hamburg Airport in Germany. All four FCPPs are scheduled for delivery in 2006. “This order from a world leading OEM is indicative of the growing interest in the potential of fuel cells in material handling applications,” said Pierre Rivard, President and Chief Executive Officer of Hydrogenics. “The local service and technical support that we have based in Germany is an important consideration for all of our European customers, both OEMs and end-users.” Hydrogenics’ FCPP incorporates the company’s proprietary HyPM 12 Fuel Cell Power Module to handle base load requirements, and energy-storing ultracapacitors to handle load peaks and capture energy through regenerative braking. Designed to fit within an existing battery pack compartment, the hybrid power pack is easily integrated into such equipment as STILL’s newly designed RX60-40, a Class 1 forklift […]

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Millennium Cell Joins University Fuel Cell Center

Millennium Cell Inc. (NASDAQ:MCEL) has joined the University of South Carolina’s NSF Industry/University Cooperative Research Center for Fuel Cells. This is the nation’s only National Science Foundation-sponsored fuel cell center and is dedicated to the commercialization of fuel cell technologies. As a member of the center, Millennium Cell will partner with USC faculty and students to advance research in hydrogen storage materials, boron chemistry, and hydrogen battery systems. “Millennium Cell is pleased to join the USC Fuel Cell Research Center and work with this well-known group of companies that are partnering with USC researchers to develop innovative solutions for the advancement of commercial applications and deployment of hydrogen storage technologies,” commented David Ramm, Millennium Cell CEO. “Millennium Cell’s decision to join our Center is another important step in our efforts to create a future fuels research hub in Columbia, South Carolina,” said Professor John VanZee, Center Director. Millennium is the latest company to join the Center that includes: DANA Corporation, General Motors Corporation, Air Liquide, John Deere, ePower Technologies, Westinghouse Savannah River Co., BASF AG, Boeing and LG Electronics. Website: http://millenniumcell.com     

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Ecostream Awarded Major PV Contract

Ecostream Spain SL has been awarded a large solar PV system contract by Globasol, the Madrid-based sustainable energy company. This turnkey system, which will have a total capacity of 14 MW in its first phase, will be designed and built by Ecostream. Construction of the park will start in September this year and be fully operational in the second quarter of 2007. This project is the first phase of a total generating capacity of 60 MW, which is planned for the province of Murcia. The ambitious project in the region of Lobosillo – a small city next to Murcia – encompasses 140 solar systems each of which will generate 100 kW. The first phase will contain over 83,000 solar modules from Chinese suppliers YingliSolar and TopSolar. Ecostream, a subsidiary of the international Econcern group will be the turnkey main contractor for this project. Alfredo Laiz, General Director Ecostream Spain, added: “The system has been contracted in just six months. All those involved worked extremely hard: from contracting modules and other components from our suppliers through to project engineering and licensing the project with the authorities. Teamwork with the customer is the key to success and will remain so in the […]

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