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Waverly Light & Power Goes Big Time with Soy Oil

Waverly Light and Power in Iowa, long a leader in development and adoption of soy-based transformer fluids, plans to retrofill its largest transformer from petroleum-based coolant to a safer soy-based product. This will involve 5,000 gallons of soy-based fluid. Waverly L&P has used soy-based fluid in it pole-top transformers for several years. The move to use a soy product in its large transformer follows enactment of a law in Iowa extending a tax credit to electric utilities that use a soy-based transformer fluid. The tax credit is equal to the cost a utility would pay to convert from petroleum-based fluid to the soy-based transformer fluid. WL&P will apply this tax credit to defray the cost of the conversion of its South Load Center substation transformer. Iowa Gov. Tom Vilsack signed the tax credit law on May 30. By using soy-based oil, the industry relies on one of the largest agricultural cash crops in the United States. Soybeans are a major crop in Iowa. “We feel good about supporting Iowa’s agricultural system, but the advantages go far beyond that,” said Cannon. “Should a spill happen?and spills no doubt will happen?[the Cooper Power FR3 soy-based oil] is biodegradable, environmentally preferred and less […]

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SunPower Shines After Stock Offering

URL: http://www.forbes.com/2006/06/02/sunpower-0602markets13.html?partner=yahootix Website: http://www.forbes.com/2006/06/02/sunpower-0602markets13.html?partner=yahootix     

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American Superconductor New Orders at $9M

American Superconductor Corporation (Nasdaq: AMSC), an energy technologies company, has announced in conjunction with the RBC Capital Markets 2006 Energy Conference, that its Power Electronic Systems business unit now has secured $9 million in new orders, which when combined with its existing backlog, are expected to yield more than $20 million in sales in the current fiscal year for this business unit. With $20 million in sales, Power Electronic Systems will achieve a key corporate benchmark by growing its revenues approximately 35 percent year over year. The business unit is also expected to be profitable at this level of revenues. New orders received this quarter are for D-VAR and PQ-IVR(TM) power electronics-based solutions for wind farms, electric utilities and the semiconductor manufacturing industry. “We are pleased to announce that we have now secured sufficient orders to accomplish our first key corporate benchmark of fiscal 2007 just two months into the year,” noted American Superconductor President and Chief Executive Officer Greg Yurek. “Thanks to the hard work of our sales force and the proven return-on-investment provided by our power quality and reliability solutions, Power Electronic Systems continues to build momentum in a variety of markets ranging from wind power to electric […]

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