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Power Integrations, Inc. (Nasdaq:POWI – News), a leading supplier of high-voltage analog integrated circuits used in power conversion, announced on Wednesday its financial results for the quarter ended March 31, 2005. Net revenues for the quarter totaled $34.4 million, up 2 percent compared to the prior quarter and up 1 percent from the year-ago quarter. Net income for the quarter was $4.7 million, or $0.15 per diluted share, compared to $4.5 million or $0.14 per diluted share in the prior quarter and $5.1 million or $0.16 per diluted share in the year-ago quarter. The company’s results for the first quarter included an adjustment to deferred income on sales to distributors. This adjustment resulted in the recognition of $1.1 million in previously deferred revenue and an increase in net income of $0.4 million, or $0.01 per diluted share. “Revenues and earnings for the quarter came in ahead of our expectations, and we maintained our gross margin despite a highly competitive business environment,” noted Balu Balakrishnan, president and CEO of Power Integrations. “We are also encouraged by the accelerating global efforts by policy makers to establish standards to improve the energy efficiency of electronic products.” Gross margin for the quarter was 48.3 […]
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An increasing number of U.S. electric utilities are selling greater amounts of green power to their customers, and US EPA Green Power Partners are making good on their commitment to purchase renewables, racheting up clean energy use in the U.S.On the utility side, according to DOE’s National Renewable Energy Laboratory (NREL) analysis, almost 600 utilities in 34 states now offer green power to customers as a voluntary option at a premium price. Notably, several large utilities have lowered premiums on green power making it increasingly price competitive with conventional energy sources. In its annual ranking of utility green power programs, Austin Energy (Texas) ranked first for the third consecutive year, followed by Portland General Electric, PacifiCorp, Sacramento (Calif.) Municipal Utility District, and Xcel Energy. In 2004, sales of renewable energy through utility green power programs reached 1.9 billion kilowatt-hours (kWh). Partners in the US EPA’s Green Power Partnership, have pledged to switch to green power for a portion of their electricity needs in return for EPA technical assistance and recognition. The Green Power Partnership currently includes more than 550 Partners, including Fortune 500 companies, states, federal agencies, trade associations and universities.The U.S. Air Force leads the green power list, purchasing […]
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The annual Hospitals for a Healthy Environment (H2E) Awards is the premier national recognition of environmental innovation in health care. This year, the H2E program awarded over 70 hospitals, health systems and healthcare organizations for outstanding achievement in reducing waste, virtually eliminating mercury, and minimizing the use of toxic products. From maintaining a phenomenal 40% recycling rate, to reducing regulated medical waste, to reducing water usage by 480,000 gallons by switching to microfiber mops, this year’s Environmental Leadership Award winners are increasing the environmental performance in health care. Health care institutions are: Reducing red bag waste Collecting mercury thermometers Purchasing recycled copy paper, toilet tissue and paper towels Cultivating organic gardens to grow herbs and vegetables for the cafeteria Closing incinerators Donating food to food banks Buying reusable wash basins and admission kits, eliminating disposables This year’s Environmental Leadership Award winners: Alta Bates Summit Medical Center, Oakland, CA Bronson Methodist Hospital, Kalamazoo, MI Dartmouth-Hitchcock Medical Center, Lebanon, NH Foote Health System, Jackson, MI Kaiser Permanente Hawaii Region, Honolulu, HI Sparrow Health System, Lansing, MI St. Joseph Mercy Hospital, Ann Arbor, MI University of Michigan Hospitals & Health Centers, Ann Arbor, MI H2E is creating a national movement for environmental sustainability […]
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Companies are rated on governance, total return to shareholders, community, diversity, employees, environment, human rights, and customers.
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Local and organically grown food is making its way into cafeterias at colleges around the country.
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News and Events NREL Reports Growth in Utility Green Power Sales in 2004 Novozymes and NREL Cut Cost of Converting Biomass to Ethanol FERC: No Hydropower License Required for N.Y. Tidal Power Test Washington State Approves Green Building Law Wisconsin Paper Mills Cut Costs with Energy Efficiency, HydropowerSite News Commercial Windows Initiative Energy ConnectionsEIA Study Finds Minor Economic Impact from Greenhouse Gas Cuts News and EventsNREL Reports Growth in Utility Green Power Sales in 2004An increasing number of U.S. electric utilities are selling greater amounts of green power to their customers, causing the total utility sales of green power to increase to 1.9 billion kilowatt-hours in 2004, according to the DOE’s National Renewable Energy Laboratory (NREL). Austin Energy, the nation’s leader in total green power sales for three years running, saw an increase in green power sales of more than 15 percent, exceeding 334 million kilowatt-hours in 2004. NREL’s annual “top ten” lists of utility green power programs shows many of the same leaders as in 2003, although the lists now include renewable energy sales from utilities in competitive electricity markets, which were formerly excluded. According to NREL, nearly 600 utilities in 34 states now offer green power to their […]
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Under a proposed plan, solar energy would provide the lion’s share of energy for Gandhinagar, making it India’s first “solar city.” The blueprint calls for solar energy to be provided to all “major establishments in the city,” including state government offices, schools and hospitals, the major power consumers. A one megawatt solar plant would be the source for much of this power, but the proposal also calls for solar cookers and solar water heaters to be distributed to schools, hospitals, hostels and guesthouses. The plan, which was conceptualized by the state government, was developed by the Gujarat Energy Development Agency (GEDA) – an agency that promotes clean energy for the state. “The proposed ambitious plan would create the state capital as a first ‘solar city’ in India where the major necessities of power will be fulfilled through non-conventional sources of energy. At present, Gandhinagar, the base of major state government establishments, is consuming over four megawatts of power every day. With implementation of proposed plan the dependency of the state capital from the electricity power would be reduced to the negligible levels,” said S.B. Patil, deputy director of GEDA, a member of the team that designed blue print. The blue […]
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URL: http://www.planetark.com/dailynewsstory.cfm/newsid/30459/story.htm Website: http://www.planetark.com/dailynewsstory.cfm/newsid/30459/story.htm
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The Los Angeles Department of Water and Power (LADWP) Board of Commissioners approved the final Environmental Impact Report to move forward with a new energy generation facility that will provide up to 120 megawatts (MW) of wind power for the City of Los Angeles. The Pine Tree Wind project will be the largest municipally owned wind plant in the U.S. and the largest wind system built in the Western U.S. since passage of the state’s Renewable Energy Portfolio Standard. It will be located on 8,000 acres (about 12.5 square miles) in the southern Sierra Nevada Mountains, approximately 12 miles north of Mojave, Calif. It consists of 80, 1.5 MW wind turbines, a 10-mile transmission line and an electrical substation. The size of the site was reduced from the original 22,000-acres on privately owned property. “The Pine Tree Wind Project will be a powerful step toward achieving my goal of a 20 percent renewable power mix by 2017,” said Mayor Jim Hahn. The Board’s action today paves the way for construction of the project, slated to begin this summer and take about 10 months to complete. LADWP expects to seek approval of the construction contract from the Board and City Council, […]
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by Joseph Mann, April 19, 2005 Ted Kelley, a private investigator in Boca Raton, is a happy convert to hybrid auto technology. Kelley, who puts about 3,500 miles a month on his car visiting clients as far north as Jacksonville, recently purchased a Toyota Prius. The hybrid vehicle — which runs on a gasoline engine linked to a battery-powered electric motor — is saving Kelley about $400 a month on gasoline. “I was driving a Land Rover before and getting about 13-14 miles per gallon,” said Kelley, whose 2005 Prius advertises average mileage of 55 miles per gallon. “I had to fill up after about 260 miles with the other car. Now I can get about 500 to 600 miles out of a tank full. Gas prices are only going to get worse and I’d rather have that money myself.” Like thousands of other Americans, Kelley decided to move to a hybrid vehicle as gas prices recently hit record highs. Even though pump prices have slipped during the last week or so, retail prices nationwide are still averaging about 42 cents per gallon — or 23 percent — more than last year. Prices in South Florida are averaging as much […]
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