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China's Suntech Power Sets US$11-13 Share Price for U.S. IPO

Suntech Power Holdings Co Ltd, a solar cell company based in China, plans to list in the U.S. and has set a price range of $11-13 per share. Suntech filed a prospectus with the US SEC in November to issue up to US $300 million in American Depositary shares. The price range values the company at about 18.6-22.1 times projected 2006 earnings.

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UltraCell To Start Volume Production

UltraCell Corporation announced the opening of a new manufacturing and corporate office facility that will enable the micro fuel cell company to convert from prototype manufacturing to volume production. The new site is located at Tri-Valley Technology Park in Livermore, California. “Our new facility is designed around the production line for UltraCell’s XX25 product. It incorporates unique features such as a clean room for fuel cell assembly and a specially designed automated facility for fuel processor and stack testing. The facility also incorporates features to support automated production and lean manufacturing principles such as 5S and Six-Sigma, enabling us to deliver high quality at affordable cost,” said James Kaschmitter, CEO of UltraCell. “The move validates our commercial plans to bring UltraCell’s revolutionary reformed methanol fuel cell technology to the marketplace, as scheduled, in 2006.” According to Kaschmitter, UltraCell’s new headquarters will focus on enhancing quality, efficiency and delivery, while reducing costs through minimizing non-value-added activities in design, production, supply chain management, and customer service. Introduced as a prototype in August 2005, UltraCell says its fuel cell power source for portable electronic devices has over twice the energy density of lithium batteries when used for longer missions, but weighs just 40 […]

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Weekly Clean Energy Roundup:November 30, 2005

News and Events DOE Web Site Aids Energy Savings in Gulf Coast Reconstruction BP to Double its Investment in Renewable Energy California Energy Policy Looks to Efficiency and Renewable Energy Northeastern States Adopting Greenhouse Gas Rules for Vehicles Four Governors Order Their States to Save Energy, Use Biofuels Biodiesel Production Expected to Triple in 2005 Site NewsDallas Zero Energy Home Energy ConnectionsEIA Report Says Solar Manufacturing Grew Significantly in 2004 News & EventsDOE Web Site Aids Energy Savings in Gulf Coast ReconstructionDOE launched a Disaster Recovery and Building Reconstruction Web site last week as part of its continuing effort to support hurricane victims in the Gulf Coast. The new Web site encourages cost-effective, durable, and energy-efficient reconstruction in areas devastated by recent hurricanes. It provides resources and information for consumers, builders, contractors, and state and local officials, and also links to a wide range of guidelines, fact sheets, and case studies developed by DOE and other federal agencies and organizations. See the new Disaster Recovery and Building Reconstruction Web site.DOE is also working closely with Gulf Coast state energy offices and their partners to provide resources, training, and technical assistance. A key component of the states’ recovery efforts is their […]

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