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Solartron Shares Surge 45% After IPO

Although The Stock Exchange of Thailand declined as a whole, shares of Solartron Plc surged 45% from its initial public offering price, on its first day of trading after its IPO. Solartron shares opened the day at 8.5 baht and closed at a high of 11.60 baht on trade worth 2.52 billion baht. The company floated 80 million shares in its IPO at eight baht per share. Wandee Khunchornyakong, Solarton CEO, noted that the shares were priced fairly which may have helped. Solartron, a solar cell manufacturer, projects 30% revene growth this year.

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Ballard to Supply Half the Fuel Cells in U.S. Program

Ballard Power Systems Inc. expects to supply over half the fuel cells for a demonstration program between the U.S. government and major automakers. “That’s a huge opportunity for us,” Stephen Kukucha, Ballard’s director of external affairs, said in an interview. “We’ve delivered the technology to the automakers and they are now going to roll out the demonstration fleets to the locations and cities where they are demonstrating.” The U.S. government announcement came just a day after Ballard committed to offering commercially viable fuel cell stack technology for hydrogen-powered vehicles by 2010. Ballard shares (TSX:BLD) rose about 7% on the news. General Motors Corp. and DaimlerChrysler AG reported yesterday that they have signed agreements with the U.S. Department of Energy to develop hydrogen fuel cell vehicles over the next five years. GM plans to build a fleet of 40 hydrogen fuel vehicles and will spend $44 million to distribute them in Washington, New York, California and Michigan. The Energy Department will also contribute $44 million. DaimlerChrysler, will invest more than $70 million in the partnership. The company will place fuel cell vehicles with consumers who will give feedback on their performance. The company said it already is testing 100 fuel cell […]

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Weekly Clean Energy Roundup:March 30, 2005

News and Events USDA Offers $22.8 Million for Renewable Energy and Energy Efficiency Company to Build Largest U.S. Biodiesel Plant in North Dakota Lexus to Start Selling Hybrid Sedan in Spring 2006 California Wine Co-op to Install Two Large Solar Power Systems Ongoing Drought in Northwest Threatens Hydropower Production Clean Air Act Settlement to Yield Solar and Wind or Biomass Projects Site News Wind Industry Launches Global Wind Energy Council Energy ConnectionsDOE Releases Revised Greenhouse Gas Reporting Guidance News and EventsUSDA Offers $22.8 Million for Renewable Energy and Energy EfficiencyThe U.S. Department of Agriculture (USDA) announced on Monday the availability of $22.8 million to support new renewable energy systems and energy efficiency improvements by agricultural producers and rural small businesses. The funds will support the use of renewable energy technologies such as biomass (including anaerobic digesters), geothermal, hydrogen, solar, and wind energy.The new funds will be made available in two stages. One half, or $11.4 million, is available immediately for competitive grants of up to $500,000 for renewable energy projects and up to $250,000 for energy efficiency projects. The grant request may not exceed 25 percent of the eligible project cost, and applications must be submitted by June 27th. The […]

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Carmanah Receives $765,000 Order for Solar LED

Carmanah Technologies Corporation (TSX Venture: CMH) has received a $765K order to supply over 1,500 solar-powered LED airfield lights for the U.S. Marine Corps. The lights will be used for runway edge, threshold, taxiway edge, helipad edge, and obstruction lighting at the Marine Corps’ second largest air base in the Middle East. “Carmanah has more than 20,000 solar-powered LED airfield lights installed in some of the harshest environments in the world. Customers are re-ordering our aviation lights every time they have a new runway project, because they know Carmanah’s lights are dependable,” states Art Aylesworth, Carmanah’s CEO. “Our customers are enjoying many benefits: our aviation lights can be easily and quickly deployed almost anywhere and are saving them millions of dollars in upfront capital costs, installation fees and ongoing electrical expenses.” Carmanah manufactures proprietary LED-based lighting and illumination products for the public transit, roadway, marine, aviation, industrial worksite, and illuminated signage markets. The Company has more than 110,000 solar-powered LED lighting installations and 50,000 LED-illuminated sign installations in 110 countries. Website: [sorry this link is no longer available]     

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Commercially Viable Fuel Cell Stack Technology Predicted Ready by 2010

Commercially viable fuel cell stack technology for hydrogen-powered vehicles can be demonstrated by 2010, according to a Technology “Road Map” released today by Ballard Power Systems. The “Road Map”, announced to coincide with the start of the National Hydrogen Association’s Annual Hydrogen Conference in Washington, D.C., comprises four technology trendlines and targets for fuel cell stack durability, cost, freeze start and volumetric power density. It is widely agreed that demonstrating the ability to meet the U.S. Department of Energy (DOE) targets for these four performance attributes is key to the successful commercialization of automotive fuel cell technology. “Ever since Ballard stack technology was first introduced into a customer vehicle demonstration in 1993, timing of commercial fuel cell deployment has been the number one question for consumers, investors and policymakers. With today’s release of our Technology ‘Road Map’, we’re making a public commitment that Ballard will demonstrate the commercial viability of automotive fuel cell stack technology by 2010,” said Dennis Campbell, Ballard’s President and Chief Executive Officer. “Our targets are aggressive, but achievable. By laying out our detailed five year technology plans, Ballard is again demonstrating its commitment to setting the standard and leading the way to proton exchange membrane fuel […]

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