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SunPower Signs $250M Silicon Agreement with DC Chemical

SunPower Corporation (Nasdaq: SPWR) has signed a multi-year polysilicon supply agreement with DC Chemical Co., Ltd. DC Chemical is a Korean chemical company with expertise producing gases used in polysilicon manufacturing. Starting in 2008, the agreement calls for SunPower to purchase approximately $250 million of polysilicon over a four-year period from DC Chemical’s new facility, which is expected to manufacture 3000 metric tons of polysilicon per year. SunPower will support construction of the facility with a series of advanced payments over the next year. DC Chemical’s polysilicon supply will provide a guaranteed source of raw material to make ingots for SunPower’s high efficiency solar cells. “SunPower is pleased to partner with DC Chemical as they extend their decades of experience in the chemical industry into polysilicon manufacturing,” said Tom Werner, CEO of SunPower. “The solar industry will benefit from new entrants like DC Chemical who can enable reliable, high- volume polysilicon supply in the near-term. This agreement is a major component of SunPower’s silicon supply portfolio strategy.” “DC Chemical appreciates our new partnership with SunPower which will support the launch of our polysilicon manufacturing business,” said Mr. Hyunwoo Shin, DC Chemical’s Executive Vice-Chairman. “We see the solar industry as a […]

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WorldWater to Acquire ENTECH

WorldWater & Power Corp. (OTC BB:WWAT.OB) has entered into a Letter of Intent (LOI) with ENTECH, Inc. of Keller, TX, to acquire the company upon completion of the necessary due diligence and after obtaining appropriate financing. ENTECH, a private company formed in 1983, is a developer and manufacturer of advanced concentrating solar photovoltaic and thermal technologies for terrestrial and space power applications. ENTECH has developed record-breaking concentrator solar power systems, supplied solar power for space missions for NASA, and installed ground-based concentrating solar systems in North America. With the combined technologies of WorldWater & Power and ENTECH, solar systems will be capable of generating and delivering electrical and thermal energy on site at prices competitive to retail prices without relying on rebates. ENTECH’s patented concentrator technology also allows for the installation of massive solar “farms” with greatly reduced requirements for solar cell materials (silicon or multi-junction) and, when used in conjunction with WorldWater & Power’s technology, greatly reduces the reliance on rebates or other incentives for economic installations. Due to the advantages of ENTECH’s concentrator, only 5% of the amount of silicon used in flat plate solar modules is required by current ENTECH modules to generate the same electrical power. […]

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US Energy Initiatives Reports 900% Gain in Revenues

US Energy Initiatives Corporation (OTCBB:USEI), manufacturer of patent diesel to natural gas conversion systems, today announced the Company expects to report in excess of 900% growth in revenues for the quarter ended June 30, 2006 compared to the same period in 2005. The Company also estimates it will report over 900% growth in revenues for the six month period ended June 30, 2006 compared to the same period ended June 30, 2005. “As we strive to evolve our developmental enterprise into an operating competitor, we are pleased with the trends our revenues have shown during this year,” said USEI CEO Mark Clancy. “We anticipate two other meaningful trends including a significant improvement in our cost of goods and the bulk of our revenues are derived from our technology mix and not the result of our recent acquisition. We do expect to report a loss in earnings for the three and six months periods. We are now in the final segment of rebuilding US Energy and we expect to see continued financial improvement each quarter,” concluded Mr. Clancy. About US Energy Initiatives Corporation Formed in 1996, the company delivers its patent dual-fuel diesel to natural gas conversion technology and resells a […]

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Green Olympics Underway

URL: http://www.chinadaily.com.cn/sports/2006-07/10/content_637549.htm Website: http://www.chinadaily.com.cn/sports/2006-07/10/content_637549.htm     

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