SAN JOSE, Calif.--(BUSINESS WIRE)--Green Technology Solutions, Inc. (OTCBB:GTSO) announced today that the Mongolian agent company for its JV with Rare Earth Exporters of Mongolia (REE) has executed a new land lease agreement in the mineral-rich province of Tuv.
“Currently, Mongolian trade is over-reliant on China, and their government would like to encourage more trade diversity”
The JV between GTSO and Rare Earth Exporters of Mongolia was formed last month for the purpose of expanding rare earth production and exports from the Asian nation. The acquisition of Mongolian mining claims and operations is key to the joint venture’s plans to develop stable sources of rare earths outside of China.
GTSO President and CEO John Shearer said Friday that the company looks forward with great anticipation to seeing the mineral yield estimate reports on the new property, which are being scheduled now. GTSO management expects the new property to be especially rich in yttrium, tantalum, niobium, thorium and zirconium. These rare earths are vital to worldwide manufacturing of everything from consumer electronics to superconductors.
“We’re in a celebratory mood at GTSO headquarters,” Shearer said. “This lease is a big step forward in our plan to help solve the global rare earth supply crisis while instituting cleaner mining technology to minimize environmental contamination.”
The new site is located in the Erdenesant district of Mongolia’s Tuv province. The district surrounds the Mongolian capital of Ulan Bator, where the joint venture’s new operations office is located. Dorj Atantogos, the JV’s director of Mongolian operations, signed the agreement.
Ulan Bator is Mongolia’s road and rail transportation hub. Mongolian rail is connected to the Trans-Siberian Railway in neighboring Russia. The joint venture plans to utilize that transportation infrastructure to convey Mongolian rare-earth mining products to the international seaport of Vladivostok, Russia, where it can be shipped to the U.S., Japan and South Korea without traveling through China.
“Currently, Mongolian trade is over-reliant on China, and their government would like to encourage more trade diversity,” Shearer said.
GTSO and its Rare Earth JV plan to strictly adhere to Mongolian law in its development efforts. Rare Earth Exporters of Mongolia’s transportation strategy can be seen at http://www.rareearthexporters.com/mission.html.
In addition to advanced weaponry and defense systems, rare earths are essential to the production of clean energy technologies such as permanent magnets, hybrid and electric car batteries, solar panels, wind turbines and energy-efficient lighting. Domestic usage and environmental concerns in China are leading to fewer mining permits, fewer exports and rising prices. GTSO formed the joint venture with REE in order to capitalize on these market dynamics.
The vast majority of China’s rare earths are mined in the country’s Inner Mongolia region, which lies along the southern border of the nation of Mongolia. Many experts believe that Mongolia, a former Soviet state, contains rare earth deposits that rival those of China.
Green Technology Solutions commercializes clean and renewable mining technology and products in a sector that includes Molycorp, Inc. (NYSE:MCP), Siemens (NYSE:SI), United Technologies Corp. (NYSE:UTX) and Koninklijke Philips Electronics (NYSE:PHG).
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (GTSO) is an OTCQB publicly traded company. OTCQB is the middle tier of the OTC market. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. GTSO acquires, develops and implements the newest clean mining technology to enable our partner clients to expand operations throughout the world. Environmental restrictions represent the largest restriction to mining industry growth and operations. GTSO focuses on overcoming these environmental restrictions with brilliant cutting-edge clean mining technology.
For more information, please visit http://www.GreenTech-Solutions.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Tuesday, March 8, 2011
Wednesday, March 2, 2011
BlueChip Energy
PRLog – Mar 01, 2011 – Lake Mary, Florida - BlueChip Energy (BCE) a provider of complete solar energy solutions for residential, commercial, government, and utility applications, today announced that it will be exhibiting at Renewable Energy and Photovoltaics World Conference & Expo, taking place from March 8-10, 2011 at the Tampa Convention Center.
The company’s executive team and business development group will be on hand in Booth 1007 to meet with attendees, exhibitors, and the media. The company will be discussing utility scale projects, solar farms, and its Advanced Solar Photonics (ASP) production line of high efficiency PV solar modules manufactured in the USA.
Renewable Energy World Conference & Expo North America has been the event leading the way for the renewable industry for eight years. The event draws more than 4,000 renewable energy power professionals and 250 exhibiting companies.
The Conference and Expo features insightful discussions and presentations during technical sessions related to technology, markets, business strategies and policy covering the wind, solar, biomass, hydro, geothermal, ocean/tidal/wave, bio-power, bio-fuels and hydrogen energy sectors. On hand will be thousands of experts in the technologies and trends on the forefront of the renewable industry’s future.
# # #
About BlueChip Energy: BCE is a fully-integrated solar PV power generator, occupying all segments of the solar power value chain, from manufacturing of solar panels and balance of systems components, to the sale of turnkey solar power plants – and solar electricity -- to residential, commercial, and industrial customers. BCE develops, finances, constructs, operates, and monitors solar plants for companies and individuals. The company is also a licensed provider of renewable solar energy as a qualifying power production facility of 80 MW, with the right to sell electricity to a utility.
The company’s executive team and business development group will be on hand in Booth 1007 to meet with attendees, exhibitors, and the media. The company will be discussing utility scale projects, solar farms, and its Advanced Solar Photonics (ASP) production line of high efficiency PV solar modules manufactured in the USA.
Renewable Energy World Conference & Expo North America has been the event leading the way for the renewable industry for eight years. The event draws more than 4,000 renewable energy power professionals and 250 exhibiting companies.
The Conference and Expo features insightful discussions and presentations during technical sessions related to technology, markets, business strategies and policy covering the wind, solar, biomass, hydro, geothermal, ocean/tidal/wave, bio-power, bio-fuels and hydrogen energy sectors. On hand will be thousands of experts in the technologies and trends on the forefront of the renewable industry’s future.
# # #
About BlueChip Energy: BCE is a fully-integrated solar PV power generator, occupying all segments of the solar power value chain, from manufacturing of solar panels and balance of systems components, to the sale of turnkey solar power plants – and solar electricity -- to residential, commercial, and industrial customers. BCE develops, finances, constructs, operates, and monitors solar plants for companies and individuals. The company is also a licensed provider of renewable solar energy as a qualifying power production facility of 80 MW, with the right to sell electricity to a utility.
Sunday, February 27, 2011
UK Solar Panel Installation
PRLog – Maidstone, Kent, An amazing new technology is here and ready to be used. Solar panels are used to harness the inherent energy that the sun provides and convert it into usable power for your home, office, or appliance. This form of energy had been speculated and talked about for years, but it is now finally here Solar panels are becoming extremely popular and they are expected to have massive growth in 2011.
Solar panels are now very popular and one of the primary reasons that this technology has become so popular. The entire world has taken notice of the ease of use that these systems allow the user. They are both easy to understand in regards concept and design, as well as being exceptionally easy to install.
In the UK people have begun to appreciate the cost effectiveness of these units and as a result the market for solar panels has soared. There is projected to be massive growth in 2011. With energy costs skyrocketing and people seeming out alternatives the alternative energy market is going boom.
The first thing to understand about the solar panels is that they are very simple to install and most anyone can have the units put up in a simple weekend. They are also very durable and will not be found to be fragile. This is a leading reason why they have become so popular.
Because solar panels do not have moving parts and the do not need to have constant maintenance many homeowners are attracted to them. You do not need to be an engineer or someone who is especially mechanically inclined in order to benefit from them. While solar panels are scientifically and conceptually advanced, they do not require any form of advanced knowledge in order to reap the benefits from owning one.
The market for solar panels is likely to grow in leaps and bounds much like that of the television when it was first introduced or even the computer. Because of the cost of energy production governments are looking into alternatives and regular people are feeling the pressure to find an alternative.
When one looks at the global problems associated with conventional energy production, oil has created conflicts between nations as well as being not at all ecological friendly, then it should come as no surprise that solar panels are becoming more and more popular and in demand.
This form of energy is great for the environment and it is also something that can improve dramatically the tensions that are taking place around the globe. As global tensions escalate the need for solar panels as an energy source becomes more and more clear.
For anyone who is interested in getting in on the ground floor, now is the time. Much like other innovations that took over the marketplace, solar power panels time is coming. Especially in the UK, Solar panels are the future. Economic forecasts have speculated that in 2011 there will be a surge in sales for solar panels. As more and more people are looking to retrofit their homes with alternative power there will be a huge demand for the materials that are necessary to build these systems.
Now is the best time for installation. The sooner you have means for renewable energy installed in your home, the sooner you can start contributing towards a greener planet and reserving energy. Not to mention that you will notice a difference in energy bills almost immediately. Obviously, going ahead with the work before the summer starts will mean more time to stock on valuable energy before the days get shorter again.
Contact:
Paul Simms
Solar Panels Quotations
174 Merton Road
Maidstone, Kent ME15 8LW
01622 208336
info@solarpanelsquotations.co.uk
http://www.solarpanelsquotations.co.uk
Solar panels are now very popular and one of the primary reasons that this technology has become so popular. The entire world has taken notice of the ease of use that these systems allow the user. They are both easy to understand in regards concept and design, as well as being exceptionally easy to install.
In the UK people have begun to appreciate the cost effectiveness of these units and as a result the market for solar panels has soared. There is projected to be massive growth in 2011. With energy costs skyrocketing and people seeming out alternatives the alternative energy market is going boom.
The first thing to understand about the solar panels is that they are very simple to install and most anyone can have the units put up in a simple weekend. They are also very durable and will not be found to be fragile. This is a leading reason why they have become so popular.
Because solar panels do not have moving parts and the do not need to have constant maintenance many homeowners are attracted to them. You do not need to be an engineer or someone who is especially mechanically inclined in order to benefit from them. While solar panels are scientifically and conceptually advanced, they do not require any form of advanced knowledge in order to reap the benefits from owning one.
The market for solar panels is likely to grow in leaps and bounds much like that of the television when it was first introduced or even the computer. Because of the cost of energy production governments are looking into alternatives and regular people are feeling the pressure to find an alternative.
When one looks at the global problems associated with conventional energy production, oil has created conflicts between nations as well as being not at all ecological friendly, then it should come as no surprise that solar panels are becoming more and more popular and in demand.
This form of energy is great for the environment and it is also something that can improve dramatically the tensions that are taking place around the globe. As global tensions escalate the need for solar panels as an energy source becomes more and more clear.
For anyone who is interested in getting in on the ground floor, now is the time. Much like other innovations that took over the marketplace, solar power panels time is coming. Especially in the UK, Solar panels are the future. Economic forecasts have speculated that in 2011 there will be a surge in sales for solar panels. As more and more people are looking to retrofit their homes with alternative power there will be a huge demand for the materials that are necessary to build these systems.
Now is the best time for installation. The sooner you have means for renewable energy installed in your home, the sooner you can start contributing towards a greener planet and reserving energy. Not to mention that you will notice a difference in energy bills almost immediately. Obviously, going ahead with the work before the summer starts will mean more time to stock on valuable energy before the days get shorter again.
Contact:
Paul Simms
Solar Panels Quotations
174 Merton Road
Maidstone, Kent ME15 8LW
01622 208336
info@solarpanelsquotations.co.uk
http://www.solarpanelsquotations.co.uk
Wednesday, February 23, 2011
Solar Panel Costs
PRLog (Press Release) – Feb 18, 2011 – How Much Does It Cost For Solar Panels
Fossil fuels are the main source of energy supply to the world. But fossil fuels are not renewable sources of energy and are emitting ton of pollution. The pollution has direct relation to global warming and acid rain which in time will destroy almost everything it touches. The price of fossil fuels are going up in recent years. These are some of the reasons to consider and start thinking of renewable energy such as solar energy.
Solar energy is the light and heat from the sun. It is free, clean and efficient energy source that can be easily harnessed to electricity or heat. With the technology advances and reducing prices for solar technology have open the gates for solar power to homeowners and businesses. The solar power is produced by taking sunlight and converts it into electricity. This is normally done by solar panels. There are two types of solar panels, solar photovoltaic and solar thermal. Solar photovoltaic is to convert the sunlight into electricity, and solar thermal is to absorb sun energy directly as heat energy.
How much does the solar power cost? Is it affordable or too expensive to the average homeowners or businessman? When it comes to costs of solar power, a lot of people simply do not know how to make the estimation. If you are planning to install solar power, you need to look into short and long term costs compare to the savings. The truth is the initial costs are quite expensive, but the long-term costs are relatively cheaper than normal energy sources. This is because solar panels can last at least 15-20 years with very low maintenance. Get Internet #1 - How Much Does It Cost For Solar Panels @ http://energycure01.webs.com and start cutting your bills now!
Solar power costs are determined by two main factors; material costs and installation costs. The material costs include solar panels, batteries, inverters, grid tie system, cables and connectors. The solar panels are the main part of solar power system. A silicone based photovoltaic solar panel can cost around $300 to $900 or $3 to $12 per watt. For low cost options, you can consider used solar panels which are still efficient enough to generate good quantity of energy, or with some research and effort, you can build a solar panel for as low as $200. How many solar panels are enough to power your house? It is all depends on how much electricity needs and how much direct sunlight you get from your location. You can look at your recent electric bills to get the average electricity needs and get the sun maps on internet.
The costs of installation are vary depending on whether you do it yourself or hire a professional installer. The cost of using professional installer is around $10 - $12 per watt, but if you install the solar power system by yourself, it is probably cost around $4 - $5 per watt. So, finding a way to do it yourself is the great solution.
The initial cost is expensive but many countries around the world are offering tax rebates and incentives to offset the investments and encourage homeowners to switch from not renewable energy to renewable energy. Get Internet #1 - How Much Does It Cost For Solar Panels @ http://energycure01.webs.com and start cutting your bills now!
Fossil fuels are the main source of energy supply to the world. But fossil fuels are not renewable sources of energy and are emitting ton of pollution. The pollution has direct relation to global warming and acid rain which in time will destroy almost everything it touches. The price of fossil fuels are going up in recent years. These are some of the reasons to consider and start thinking of renewable energy such as solar energy.
Solar energy is the light and heat from the sun. It is free, clean and efficient energy source that can be easily harnessed to electricity or heat. With the technology advances and reducing prices for solar technology have open the gates for solar power to homeowners and businesses. The solar power is produced by taking sunlight and converts it into electricity. This is normally done by solar panels. There are two types of solar panels, solar photovoltaic and solar thermal. Solar photovoltaic is to convert the sunlight into electricity, and solar thermal is to absorb sun energy directly as heat energy.
How much does the solar power cost? Is it affordable or too expensive to the average homeowners or businessman? When it comes to costs of solar power, a lot of people simply do not know how to make the estimation. If you are planning to install solar power, you need to look into short and long term costs compare to the savings. The truth is the initial costs are quite expensive, but the long-term costs are relatively cheaper than normal energy sources. This is because solar panels can last at least 15-20 years with very low maintenance. Get Internet #1 - How Much Does It Cost For Solar Panels @ http://energycure01.webs.com and start cutting your bills now!
Solar power costs are determined by two main factors; material costs and installation costs. The material costs include solar panels, batteries, inverters, grid tie system, cables and connectors. The solar panels are the main part of solar power system. A silicone based photovoltaic solar panel can cost around $300 to $900 or $3 to $12 per watt. For low cost options, you can consider used solar panels which are still efficient enough to generate good quantity of energy, or with some research and effort, you can build a solar panel for as low as $200. How many solar panels are enough to power your house? It is all depends on how much electricity needs and how much direct sunlight you get from your location. You can look at your recent electric bills to get the average electricity needs and get the sun maps on internet.
The costs of installation are vary depending on whether you do it yourself or hire a professional installer. The cost of using professional installer is around $10 - $12 per watt, but if you install the solar power system by yourself, it is probably cost around $4 - $5 per watt. So, finding a way to do it yourself is the great solution.
The initial cost is expensive but many countries around the world are offering tax rebates and incentives to offset the investments and encourage homeowners to switch from not renewable energy to renewable energy. Get Internet #1 - How Much Does It Cost For Solar Panels @ http://energycure01.webs.com and start cutting your bills now!
Sunday, February 20, 2011
Installing Solar Panels
PRLog (Press Release) – Jan 23, 2011 – Solar Panel Shingles Cost
While solar shingles offer great rewards as well as advantages over conventional solar cells, there are unique challenges inherent in the installation of such a roof. Careful planning is required, and attention must be paid to the wiring of your solar shingles. To simplify your installation process, we provide this guide to installing a photovoltiac solar shingle roof.
Solar shingles offer not only better aesthetics compared to conventional solar panels, but also a less complicated attachment to the home. Unlike solar panels, which require a mounting rack to be installed on top of the roof, solar shingles are stapled directly onto the roof. If you view the cost of ordinary roofing shingles you would have to buy anyway as a sunk cost, you find that you are only adding the difference in price between ordinary and solar shingles to your cost, in addition to also saving on the cost of mounting racks for conventional solar panels. Get Internet #1 - Solar Panel Shingles Cost @ http://energycure01.webs.com and start cutting your bills now!
Careful planning is required before you proceed with the installation of your solar roof. Factors you must consider include: the layout of your roof; the number of tiles you will need to generate the amount of power you need; and how the wires will be routed through the house to the power control panel and inverter.
Solar cells must be wired in series in order to deliver high voltage to the inverter. In this wiring arrangement, the positive terminal of each element is wired to the negative terminal of the next, in contract to parallel wiring in which each element is placed on a different branch of the same wire. In a serial wiring arrangement, the voltages of each element add.
To install your solar shingles, staple them onto the roof in an overlapping pattern just like ordinary roofing shingles. When installing conventional shingles, you would be done at this step, however in the case of photovoltiac shingles you also have to wire them. A typical arrangement entails the placement of wire holes drilled through the roof every 3 ½ inches along a line of overlapping tiles It is wise to use a template and draw outlines of each hole in chalk before proceeding with the actual installation of shingles. Get Internet #1 - Solar Panel Shingles Cost @ http://energycure01.webs.com and start cutting your bills now!
While solar shingles offer great rewards as well as advantages over conventional solar cells, there are unique challenges inherent in the installation of such a roof. Careful planning is required, and attention must be paid to the wiring of your solar shingles. To simplify your installation process, we provide this guide to installing a photovoltiac solar shingle roof.
Solar shingles offer not only better aesthetics compared to conventional solar panels, but also a less complicated attachment to the home. Unlike solar panels, which require a mounting rack to be installed on top of the roof, solar shingles are stapled directly onto the roof. If you view the cost of ordinary roofing shingles you would have to buy anyway as a sunk cost, you find that you are only adding the difference in price between ordinary and solar shingles to your cost, in addition to also saving on the cost of mounting racks for conventional solar panels. Get Internet #1 - Solar Panel Shingles Cost @ http://energycure01.webs.com and start cutting your bills now!
Careful planning is required before you proceed with the installation of your solar roof. Factors you must consider include: the layout of your roof; the number of tiles you will need to generate the amount of power you need; and how the wires will be routed through the house to the power control panel and inverter.
Solar cells must be wired in series in order to deliver high voltage to the inverter. In this wiring arrangement, the positive terminal of each element is wired to the negative terminal of the next, in contract to parallel wiring in which each element is placed on a different branch of the same wire. In a serial wiring arrangement, the voltages of each element add.
To install your solar shingles, staple them onto the roof in an overlapping pattern just like ordinary roofing shingles. When installing conventional shingles, you would be done at this step, however in the case of photovoltiac shingles you also have to wire them. A typical arrangement entails the placement of wire holes drilled through the roof every 3 ½ inches along a line of overlapping tiles It is wise to use a template and draw outlines of each hole in chalk before proceeding with the actual installation of shingles. Get Internet #1 - Solar Panel Shingles Cost @ http://energycure01.webs.com and start cutting your bills now!
Friday, February 18, 2011
Swiss PhotoSolar
Feb 16, 2011 – Phono Technologies Switzerland will of course be onsite as well. Phono Technologies Switzerland will use the EcoBuild trade fair to introduce its line of photovoltaic panels PhonoSolar and also completed projects of solar power plant. PhonoSolar panels are used for example at the 9th largest photovoltaic power plant in the world – FVE CZECH Vepřek with a total output of 35.10 MWp. This power plant has 186,960 PhonoSolar panels installed.
EFEKTIM, a.s. will also be introduced at the trade fair along Phono Technologies Switzerland AG. It is a company with more than 40 years of tradition – it is one of the top specialists focused on designing, implementing and servicing photovoltaic, wind, hydro and gas incinerating power plants. EFEKTIM operates all over Europe, Africa, near East and newly in USA. It is a renowned expert in the field of engineering, design, optimization, development, financing, testing and ensuing servicing and monitoring of photovoltaic power plants.
EcoBuild 2011
London will again be the stage for the largest trade fair focusing on permanent sustainability in energy, construction and architecture. EcoBuild 2011 will introduce its visitors to new trends in the field of energy and innovations in research and technological development. Ecobuild exhibitors, one of which is also the PhonoSolar brand, will offer current innovations and products from the area of renewable energy sources.
EcoBuild trade fair is one of the most significant trade fairs in the area of sustainable development, construction and architecture. It will welcome more than 1,300 exhibitors and over 40,000 visitors at the start of March 2011. At the same time there will be almost 100 free seminars held at the London trade fair which will provide practical advice on implementation of sustainable development into everyday life.
Phono Technologies Switzerland AG
Phono Technologies Switzerland is a top international solar energy company. It specializes in the manufacture of PhonoSolar photovoltaic panels, PhonoWind wind micro-turbines and together with its partners offers the implementation of photovoltaic power plants.
Additional information and contact
We cordially invite everyone with interest in renewable energy sources, experts and laymen alike, to visit our stand no. N1460. We will keep you further updated on information around the EcoBuild trade fair and the exhibit of Phono Technologies Switzerland.
Phono Technologies Switzerland AG
Sandgrube 29
CH-9050 Appenzell
Switzerland
Web: www.phonosolar.co.uk
EFEKTIM, a.s. will also be introduced at the trade fair along Phono Technologies Switzerland AG. It is a company with more than 40 years of tradition – it is one of the top specialists focused on designing, implementing and servicing photovoltaic, wind, hydro and gas incinerating power plants. EFEKTIM operates all over Europe, Africa, near East and newly in USA. It is a renowned expert in the field of engineering, design, optimization, development, financing, testing and ensuing servicing and monitoring of photovoltaic power plants.
EcoBuild 2011
London will again be the stage for the largest trade fair focusing on permanent sustainability in energy, construction and architecture. EcoBuild 2011 will introduce its visitors to new trends in the field of energy and innovations in research and technological development. Ecobuild exhibitors, one of which is also the PhonoSolar brand, will offer current innovations and products from the area of renewable energy sources.
EcoBuild trade fair is one of the most significant trade fairs in the area of sustainable development, construction and architecture. It will welcome more than 1,300 exhibitors and over 40,000 visitors at the start of March 2011. At the same time there will be almost 100 free seminars held at the London trade fair which will provide practical advice on implementation of sustainable development into everyday life.
Phono Technologies Switzerland AG
Phono Technologies Switzerland is a top international solar energy company. It specializes in the manufacture of PhonoSolar photovoltaic panels, PhonoWind wind micro-turbines and together with its partners offers the implementation of photovoltaic power plants.
Additional information and contact
We cordially invite everyone with interest in renewable energy sources, experts and laymen alike, to visit our stand no. N1460. We will keep you further updated on information around the EcoBuild trade fair and the exhibit of Phono Technologies Switzerland.
Phono Technologies Switzerland AG
Sandgrube 29
CH-9050 Appenzell
Switzerland
Web: www.phonosolar.co.uk
Thursday, February 17, 2011
Korea to Manufacture High Quality Polysilicon
SEOUL, South Korea and ST. PETERS, Mo., Feb. 15, 2011 /PRNewswire/ -- Samsung Fine Chemicals (SFC) and MEMC Electronic Materials, Inc. (NYSE: WFR) announced today a joint venture agreement between SFC and MEMC's affiliate, MEMC Singapore, to produce high purity polysilicon in Ulsan, Korea.
Through a 50/50 capital investment, the joint venture will build and operate a new facility on an existing SFC property in Ulsan. The facility, which is expected to begin production in 2013, will have an initial capacity of 10,000 metric tons (MT) of polysilicon annually, and have the potential to expand to satisfy rapidly growing demand over time.
The collaboration seeks to provide polysilicon to support growth initiatives as well as minimize business risk by ensuring cost and quality competitiveness through the combination of MEMC and SFC's advanced technology and processing infrastructure. SFC's core competence is in chlorination processes and high purity purification technology. MEMC is a world leader in semiconductor and solar technology, with over 50 years of expertise in polysilicon and wafers.
Commenting on the agreement, Hyun-min Hong, Executive Director of SFC's Strategic Planning Division, said, "This joint venture signals SFC's entry into the fast moving renewable energy market and establishes a new engine for long-term growth."
Ken Hannah, President of MEMC Solar Materials, added, "We are very excited about bringing MEMC's polysilicon technology to Korea. This partnership supports MEMC's internal growth commitments, and gives us yet another tool to support our customers in the region with some of the best products and services in the industry."
About Samsung Fine Chemicals
SFC is a chemical affiliate of Samsung Group and a producer of electronic materials such as Laser Printer Toner, BT Powder, and Liquid Crystal Polymer, as well as specialty chemicals used for a variety of industries, including pharmaceutical coating materials and construction additives. SFC is reinforcing the business portfolio by expanding into environmental friendly products such as biodegradable polymer, and renewable energy materials. SFC's common stock is listed on the Korean Stock Exchange under the symbol "004000.KR" and is included in the KOSPI 200 Index. For more information on SFC, please visit www.sfc.samsung.co.kr.
About MEMC
MEMC is a world leader in semiconductor and solar technology. MEMC has been a pioneer in the design and development of silicon wafer technologies for 50 years. With R&D and manufacturing facilities in the U.S., Europe and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells. Through its SunEdison subsidiary, MEMC is also a developer of solar power projects and a worldwide leader in solar energy services. MEMC's common stock is listed on the New York Stock Exchange under the symbol "WFR" and is included in the S&P 500 Index. For more information about MEMC, please visit www.memc.com.
Forward Looking Statements
Certain matters discussed in this press release are forward-looking statements, including that the facility is expected to begin production in 2013; and that the facility will have an initial capacity of 10,000 metric tons (MT) of polysilicon annually. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include the ability of the parties to reach expected capacity; delays or interruptions in bringing the plant online; the timely availability of required permits and authorizations from governmental entities and third parties; the ability of the parties to perform their obligations under the joint venture agreement; and other risks described in MEMC's filings with the Securities and Exchange Commission, including its Form 10-K for the 2009 fiscal year and its quarterly reports on Form 10-Q for the first, second and third quarters of 2010. These forward-looking statements represent MEMC's judgment as of the date of this release. MEMC disclaims, however, any intent or obligation to update these forward-looking statements.
Through a 50/50 capital investment, the joint venture will build and operate a new facility on an existing SFC property in Ulsan. The facility, which is expected to begin production in 2013, will have an initial capacity of 10,000 metric tons (MT) of polysilicon annually, and have the potential to expand to satisfy rapidly growing demand over time.
The collaboration seeks to provide polysilicon to support growth initiatives as well as minimize business risk by ensuring cost and quality competitiveness through the combination of MEMC and SFC's advanced technology and processing infrastructure. SFC's core competence is in chlorination processes and high purity purification technology. MEMC is a world leader in semiconductor and solar technology, with over 50 years of expertise in polysilicon and wafers.
Commenting on the agreement, Hyun-min Hong, Executive Director of SFC's Strategic Planning Division, said, "This joint venture signals SFC's entry into the fast moving renewable energy market and establishes a new engine for long-term growth."
Ken Hannah, President of MEMC Solar Materials, added, "We are very excited about bringing MEMC's polysilicon technology to Korea. This partnership supports MEMC's internal growth commitments, and gives us yet another tool to support our customers in the region with some of the best products and services in the industry."
About Samsung Fine Chemicals
SFC is a chemical affiliate of Samsung Group and a producer of electronic materials such as Laser Printer Toner, BT Powder, and Liquid Crystal Polymer, as well as specialty chemicals used for a variety of industries, including pharmaceutical coating materials and construction additives. SFC is reinforcing the business portfolio by expanding into environmental friendly products such as biodegradable polymer, and renewable energy materials. SFC's common stock is listed on the Korean Stock Exchange under the symbol "004000.KR" and is included in the KOSPI 200 Index. For more information on SFC, please visit www.sfc.samsung.co.kr.
About MEMC
MEMC is a world leader in semiconductor and solar technology. MEMC has been a pioneer in the design and development of silicon wafer technologies for 50 years. With R&D and manufacturing facilities in the U.S., Europe and Asia, MEMC enables the next generation of high performance semiconductor devices and solar cells. Through its SunEdison subsidiary, MEMC is also a developer of solar power projects and a worldwide leader in solar energy services. MEMC's common stock is listed on the New York Stock Exchange under the symbol "WFR" and is included in the S&P 500 Index. For more information about MEMC, please visit www.memc.com.
Forward Looking Statements
Certain matters discussed in this press release are forward-looking statements, including that the facility is expected to begin production in 2013; and that the facility will have an initial capacity of 10,000 metric tons (MT) of polysilicon annually. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include the ability of the parties to reach expected capacity; delays or interruptions in bringing the plant online; the timely availability of required permits and authorizations from governmental entities and third parties; the ability of the parties to perform their obligations under the joint venture agreement; and other risks described in MEMC's filings with the Securities and Exchange Commission, including its Form 10-K for the 2009 fiscal year and its quarterly reports on Form 10-Q for the first, second and third quarters of 2010. These forward-looking statements represent MEMC's judgment as of the date of this release. MEMC disclaims, however, any intent or obligation to update these forward-looking statements.
Wednesday, February 16, 2011
Quantum Solar Power Working on Cells
Quantum Solar Power Corp. ("Quantum") (OTCBB: QSPW) is in the development stages of a solar cell technology that could alter the solar power industry's dependence on rare elements.
A rapidly growing sector of the solar cell market is thin-film photovoltaics, so called because of their thin layers of photovoltaic material deposited on a substrate, sometimes only nanometers thick. Although less efficient than silicon PV (most efficient), thin film is growing rapidly due to its lower manufacturing costs. This growth however may be limited by the use of exotic materials in thin-film device manufacture. Leading thin-film devices are based upon CdTe (Cadmium Telluride) and CIGS (Copper indium gallium selenide) technologies that utilize the rare elements indium ($285 per kg in Jan 2009 now $530 per kg), tellurium ($150 per kg in Jan 2010 now $295 per kg) and gallium ($450 per kg in Jan 2010 now $750 per kg). These elements are scarce globally and critical to current thin-film production. Current global electrical consumption is 10 terawatts (ten trillion watts). If thin-film PV solar power is to replace fossil fuel generated power in the future, it must be scalable to this level of production. Given the current limits on the elements used in its production, thin-film PV faces major challenges in its effort to compete with conventional power generation. Additionally, thin-film PV competes for these rare element resources with flat panel LCD TV's and other electronics. Research suggests there may be less than ten years supply remaining of indium alone.
Quantum believes their emerging NGD™ (Next Generation Device) technology will provide high efficiency solar cells with prices competitive with coal generated electricity without the use of any rare elements. According to Quantum's Chief Technology Officer, Dr. Andras Pattantyus-Abraham, "We are extremely excited about the advancements we have made in the past several months. By eliminating the semiconductor layer in conventional PV as the primary absorber of photons, our patent-pending NGD™ would replace the need for rare elements that limit the terawatt-scale deployment of current photovoltaics." Daryl Ehrmantraut, Quantum's CEO, stated, "The sophisticated quantum-level processes employed by Quantum's NGD™ research has a real possibility to finally break down the competitive barrier between solar power and fossil fuels."
About Quantum Solar Power Corp.
Quantum Solar Power Corp. is a U.S. public company based in Santa Fe, New Mexico, engaged in developing and commercializing a revolutionary new solar power technology. Quantum NGD™ is expected to achieve results that will realistically replace coal generated electricity with solar power production, which is the "holy grail of the industry." Quantum Solar Power Corp. is found on the web at: www.quantumsp.com.
Forward-Looking Statements
This news release contains forward-looking statements regarding future events and Quantum's future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act") and constitute "forward looking information" within the meaning of U.S. securities laws. These statements include statements about Quantum's planned technological development plan and are based on material factors and assumptions including Quantum's management's current expectations, estimates, forecasts, and projections about the industry in which Quantum operates and the beliefs and assumptions of Quantum's management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions, are intended to identify such forward-looking statements. In addition, any statements that refer to projections of Quantum's future financial performance, Quantum's anticipated growth and potentials in its business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict, including the risk that Quantum's technological development plan may not be successful, and those risks identified in Quantum's Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2010. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Quantum undertakes no obligation to revise or update any forward-looking statements for any reason.
Investor Relations:
Teatyn Enterprises, Inc.
Steve McGuire
ir.@quantumsp.com
(604) 574-7555
(855) 832-8961 (toll free)
www.quantumsp.com/investors
Media Relations Contact:
Quantum Solar Power Corp.
Erik Cathcart
ejc@quantumsp.com
+1 (505) 216-9780
A rapidly growing sector of the solar cell market is thin-film photovoltaics, so called because of their thin layers of photovoltaic material deposited on a substrate, sometimes only nanometers thick. Although less efficient than silicon PV (most efficient), thin film is growing rapidly due to its lower manufacturing costs. This growth however may be limited by the use of exotic materials in thin-film device manufacture. Leading thin-film devices are based upon CdTe (Cadmium Telluride) and CIGS (Copper indium gallium selenide) technologies that utilize the rare elements indium ($285 per kg in Jan 2009 now $530 per kg), tellurium ($150 per kg in Jan 2010 now $295 per kg) and gallium ($450 per kg in Jan 2010 now $750 per kg). These elements are scarce globally and critical to current thin-film production. Current global electrical consumption is 10 terawatts (ten trillion watts). If thin-film PV solar power is to replace fossil fuel generated power in the future, it must be scalable to this level of production. Given the current limits on the elements used in its production, thin-film PV faces major challenges in its effort to compete with conventional power generation. Additionally, thin-film PV competes for these rare element resources with flat panel LCD TV's and other electronics. Research suggests there may be less than ten years supply remaining of indium alone.
Quantum believes their emerging NGD™ (Next Generation Device) technology will provide high efficiency solar cells with prices competitive with coal generated electricity without the use of any rare elements. According to Quantum's Chief Technology Officer, Dr. Andras Pattantyus-Abraham, "We are extremely excited about the advancements we have made in the past several months. By eliminating the semiconductor layer in conventional PV as the primary absorber of photons, our patent-pending NGD™ would replace the need for rare elements that limit the terawatt-scale deployment of current photovoltaics." Daryl Ehrmantraut, Quantum's CEO, stated, "The sophisticated quantum-level processes employed by Quantum's NGD™ research has a real possibility to finally break down the competitive barrier between solar power and fossil fuels."
About Quantum Solar Power Corp.
Quantum Solar Power Corp. is a U.S. public company based in Santa Fe, New Mexico, engaged in developing and commercializing a revolutionary new solar power technology. Quantum NGD™ is expected to achieve results that will realistically replace coal generated electricity with solar power production, which is the "holy grail of the industry." Quantum Solar Power Corp. is found on the web at: www.quantumsp.com.
Forward-Looking Statements
This news release contains forward-looking statements regarding future events and Quantum's future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act") and constitute "forward looking information" within the meaning of U.S. securities laws. These statements include statements about Quantum's planned technological development plan and are based on material factors and assumptions including Quantum's management's current expectations, estimates, forecasts, and projections about the industry in which Quantum operates and the beliefs and assumptions of Quantum's management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions, are intended to identify such forward-looking statements. In addition, any statements that refer to projections of Quantum's future financial performance, Quantum's anticipated growth and potentials in its business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict, including the risk that Quantum's technological development plan may not be successful, and those risks identified in Quantum's Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2010. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Quantum undertakes no obligation to revise or update any forward-looking statements for any reason.
Investor Relations:
Teatyn Enterprises, Inc.
Steve McGuire
ir.@quantumsp.com
(604) 574-7555
(855) 832-8961 (toll free)
www.quantumsp.com/investors
Media Relations Contact:
Quantum Solar Power Corp.
Erik Cathcart
ejc@quantumsp.com
+1 (505) 216-9780
Tuesday, February 15, 2011
Solar Money Tied Up in Congress
The Department of Energy's new SunShot Initiative to make solar energy as cheap as coal has given fresh hope to industry enthusiasts. And it may even give life to a nearly dead effort in Congress to put solar panels and water heaters on 10 million of America's roofs by 2020.
The 2010 legislation by Sen. Bernie Sanders (I-Vt.) hasn't had much momentum since the Senate's Energy and Natural Resources Committee approved it in July, and November's Republican gains in Congress has not helped the measure along. But experts say Energy Secretary Steven Chu's SunShot Initiative may give the Ten Million Solar Roof Act new political legs.
Shayle Kann, managing director of solar research at GTM Research, said that the DOE plan could make the Sanders' bill more politically palatable, because it would drive down the cost of solar installations. The legislation aims to finance the installation of up to 40,000 megawatts of new solar energy.
"These are two parallel but distinct programs. They could play together very well because — to the extent that the SunShot initiative is successful — it will lower the [financial] incentives that are required per project for the Ten Million Solar Roof Act," he told SolveClimate News.
"Any program designed at reducing the cost of solar installations will be a service to any deployment program by lowering costs" to the government, Kann said.
Jared Blanton, a spokesperson for the national Solar Energy Industries Association (SEIA), said that the solar energy plans are aligned because "they both are focused on removing needless regulatory barriers that prevent Americans from going solar."
The DOE initiative unveiled on Feb. 4 aims to accelerate research and development in its solar energy programs — valued at around $200 million annually — to reduce the total installed cost of solar electricity to $1 per watt by 2020, a 75 percent drop from today's rates.
The idea is that unsubsidized solar power could then compete with the wholesale rate of electricity generated by fossil fuels that emit climate-changing greenhouse gases.
As part of the program, the agency also awarded $27 million to nine solar technology companies that are trying to make solar more affordable.
"Magic will occur when [solar] becomes cost-competitive with any form of energy," Chu said at a Feb. 9 renewable-energy conference in Washington. "And when that happens without subsidies, it is going to shoot all over the country and all over the world."
'SunShot' Puts New Energy Into Solar Bill
SunShot, a name inspired by President John F. Kennedy's 1960s "moon shot" goal, will work with government agencies, the energy industry and research laboratories to reduce installation costs, spur growth in the solar energy market and pave the way for new U.S. manufacturing.
The initiative offers Sanders a chance to breathe new life into his bill after it was approved by the Senate's Energy and Natural Resources Committee last year. The senator sits on that committee and the Environment and Public Works Committee, and he also chairs a green jobs subcommittee. The legislation has 16 co-sponsors — all Democrats.
"I look forward to working with the Obama administration to incorporate elements of the new solar initiative into the Ten Million Solar Roofs Act to make the legislation even stronger," Sanders said in a Feb. 4 press release. "We have an opportunity to create hundreds of thousands of good-paying jobs and make America the world leader in solar energy."
The 2010 legislation by Sen. Bernie Sanders (I-Vt.) hasn't had much momentum since the Senate's Energy and Natural Resources Committee approved it in July, and November's Republican gains in Congress has not helped the measure along. But experts say Energy Secretary Steven Chu's SunShot Initiative may give the Ten Million Solar Roof Act new political legs.
Shayle Kann, managing director of solar research at GTM Research, said that the DOE plan could make the Sanders' bill more politically palatable, because it would drive down the cost of solar installations. The legislation aims to finance the installation of up to 40,000 megawatts of new solar energy.
"These are two parallel but distinct programs. They could play together very well because — to the extent that the SunShot initiative is successful — it will lower the [financial] incentives that are required per project for the Ten Million Solar Roof Act," he told SolveClimate News.
"Any program designed at reducing the cost of solar installations will be a service to any deployment program by lowering costs" to the government, Kann said.
Jared Blanton, a spokesperson for the national Solar Energy Industries Association (SEIA), said that the solar energy plans are aligned because "they both are focused on removing needless regulatory barriers that prevent Americans from going solar."
The DOE initiative unveiled on Feb. 4 aims to accelerate research and development in its solar energy programs — valued at around $200 million annually — to reduce the total installed cost of solar electricity to $1 per watt by 2020, a 75 percent drop from today's rates.
The idea is that unsubsidized solar power could then compete with the wholesale rate of electricity generated by fossil fuels that emit climate-changing greenhouse gases.
As part of the program, the agency also awarded $27 million to nine solar technology companies that are trying to make solar more affordable.
"Magic will occur when [solar] becomes cost-competitive with any form of energy," Chu said at a Feb. 9 renewable-energy conference in Washington. "And when that happens without subsidies, it is going to shoot all over the country and all over the world."
'SunShot' Puts New Energy Into Solar Bill
SunShot, a name inspired by President John F. Kennedy's 1960s "moon shot" goal, will work with government agencies, the energy industry and research laboratories to reduce installation costs, spur growth in the solar energy market and pave the way for new U.S. manufacturing.
The initiative offers Sanders a chance to breathe new life into his bill after it was approved by the Senate's Energy and Natural Resources Committee last year. The senator sits on that committee and the Environment and Public Works Committee, and he also chairs a green jobs subcommittee. The legislation has 16 co-sponsors — all Democrats.
"I look forward to working with the Obama administration to incorporate elements of the new solar initiative into the Ten Million Solar Roofs Act to make the legislation even stronger," Sanders said in a Feb. 4 press release. "We have an opportunity to create hundreds of thousands of good-paying jobs and make America the world leader in solar energy."
Monday, February 14, 2011
Flagstaff Solar Pool Heater / 800.292.7648
Flagstaff Solar Pool Heater
A Suntrek Solar Pool Heater is engineered for maximum performance and all our solar heaters are scientifically designed with unique “continuous turbulent flow” water channels. We utilize this innovative design to improve the transformation of sun energy into solar thermal energy for heating your pool’s water. The material used for Suntrek’s thermal heaters is a specially formulated EPDM elastomer, which under normal operating conditions will have a useful life of more than 20 years with a Suntrek heater warranty for 15 years. The Suntrek solar heater becomes virtually a permanent part of your pool adding considerable value to your home.
Flagstaff Solar Pool Heating
Suntrek Solar Pool Heating Systems are custom designed for installation by our Suntrek crew or our personnel will assist you in the design of your own solar pool heating system. No matter who is responsible for installing your solar pool heater the following three steps will begin the process of preparing your home for your solar pool heater.
1. The process begins by measuring the average length and the average width of your pool in order to determine the total surface area required for your solar pool heater. For example, if your pool is 20 ft. x 30 ft this equals 600 square feet of solar swimming pool and if you have a spa this square footage must also be included.
2. The second step is to calculate your solar pool coverage. For every square foot of solar pool surface area in your property, you will need at least 50% in solar square footage. This is the suggested minimum size based on typical solar heating performance in Flagstaff and past customer satisfaction. Larger solar pool panel systems can be used to gain even higher temperatures and a longer swimming season. For most applications 80% coverage is optimum for comfortable swimming temperatures and a maximum solar pool swim season.
3. The third step is to consider all possible locations for installing your solar collectors at your home. You can use any sloped roof that does not face to the north with the most effective angle orientations towards the south, west, east and flat. Suntrek collectors may be placed on any roof or patio cover and it is permissible to place Suntrek solar panels on more than one roof area to gain the desired total square footage. Direct Flagstaff sunshine hitting the solar panel collectors is what produces heat for solar pools.
Solar Heating Your Pool in Flagstaff
Suntrek’s solar pool heating system heats your pool water by setting up a detour of the pool water from the pool’s filter to the solar heater during the pool’s daily filtration cycle that heats the pool for free with no additional operating costs. Just set your time clock to run the filter cycle during the hours the sun shines by turning the solar valve to the on position or the off position or even easier – install a Compool PVT-2S solar valve that is used to control water flow to the solar collectors in your Flagstaff home. The solar valve has a drain down feature which allows water in the collectors to automatically drain back into the pool at night when used with the Suntrek Compool LX220 solar control system.
A Suntrek Solar Pool Heater is engineered for maximum performance and all our solar heaters are scientifically designed with unique “continuous turbulent flow” water channels. We utilize this innovative design to improve the transformation of sun energy into solar thermal energy for heating your pool’s water. The material used for Suntrek’s thermal heaters is a specially formulated EPDM elastomer, which under normal operating conditions will have a useful life of more than 20 years with a Suntrek heater warranty for 15 years. The Suntrek solar heater becomes virtually a permanent part of your pool adding considerable value to your home.
Flagstaff Solar Pool Heating
Suntrek Solar Pool Heating Systems are custom designed for installation by our Suntrek crew or our personnel will assist you in the design of your own solar pool heating system. No matter who is responsible for installing your solar pool heater the following three steps will begin the process of preparing your home for your solar pool heater.
1. The process begins by measuring the average length and the average width of your pool in order to determine the total surface area required for your solar pool heater. For example, if your pool is 20 ft. x 30 ft this equals 600 square feet of solar swimming pool and if you have a spa this square footage must also be included.
2. The second step is to calculate your solar pool coverage. For every square foot of solar pool surface area in your property, you will need at least 50% in solar square footage. This is the suggested minimum size based on typical solar heating performance in Flagstaff and past customer satisfaction. Larger solar pool panel systems can be used to gain even higher temperatures and a longer swimming season. For most applications 80% coverage is optimum for comfortable swimming temperatures and a maximum solar pool swim season.
3. The third step is to consider all possible locations for installing your solar collectors at your home. You can use any sloped roof that does not face to the north with the most effective angle orientations towards the south, west, east and flat. Suntrek collectors may be placed on any roof or patio cover and it is permissible to place Suntrek solar panels on more than one roof area to gain the desired total square footage. Direct Flagstaff sunshine hitting the solar panel collectors is what produces heat for solar pools.
Solar Heating Your Pool in Flagstaff
Suntrek’s solar pool heating system heats your pool water by setting up a detour of the pool water from the pool’s filter to the solar heater during the pool’s daily filtration cycle that heats the pool for free with no additional operating costs. Just set your time clock to run the filter cycle during the hours the sun shines by turning the solar valve to the on position or the off position or even easier – install a Compool PVT-2S solar valve that is used to control water flow to the solar collectors in your Flagstaff home. The solar valve has a drain down feature which allows water in the collectors to automatically drain back into the pool at night when used with the Suntrek Compool LX220 solar control system.
Sunday, February 13, 2011
Solar Meeting Next Saturday
San Bernardino, CA, February 12, 2011 --(PR.com)-- The American Institute of Renewable Energy (AIRE) is offering a free solar and weatherization seminar on Saturday, February 19th, 2011. The seminar is entitled FR-101: Solar and Weatherization Training: Free Solar & Weatherization Seminar. Attendees will learn about the renewable energy and solar energy technical aspects, careers, job markets, solar training, weatherization training, solar certifications, government policies, the American Recovery and Grant Program under the Reinvestment Act (ARRA) 2009, and the Workforce Investment Act (WIA). The seminar will also cover the Weatherization and Energy Efficiency Industries. Attendees will learn about Building Performance Institute's (BPI) standards, job markets, careers, certifications, and government policies.
In order to attend this seminar, one must preregister to save a seat since spots are limited. Please visit AIRE's website, and click on "Upcoming Training Sessions" and choose the session FR-101: Solar and Weatherization Training: Free Solar & Weatherization Seminar. The seminar will give valuable information to those who want to enter the solar and weatherization industries and receive specialized training.
The American Institute of Renewable Energy (AIRE) is an alternate energy research, development training and technology company. AIRE is committed to developing a skilled workforce to bring integrated engineering and advanced technological solutions to provide clean affordable renewable energy to people, communities and countries worldwide. To become a part of the skilled workforce necessary to creating a greener environment, we invite you to come to our seminar and learn more about the opportunities available.
Media Contact:
Veronica Vargas
Toll Free (888) 543-2473 ext. 304
http://www.aire-online.com/
In order to attend this seminar, one must preregister to save a seat since spots are limited. Please visit AIRE's website, and click on "Upcoming Training Sessions" and choose the session FR-101: Solar and Weatherization Training: Free Solar & Weatherization Seminar. The seminar will give valuable information to those who want to enter the solar and weatherization industries and receive specialized training.
The American Institute of Renewable Energy (AIRE) is an alternate energy research, development training and technology company. AIRE is committed to developing a skilled workforce to bring integrated engineering and advanced technological solutions to provide clean affordable renewable energy to people, communities and countries worldwide. To become a part of the skilled workforce necessary to creating a greener environment, we invite you to come to our seminar and learn more about the opportunities available.
Media Contact:
Veronica Vargas
Toll Free (888) 543-2473 ext. 304
http://www.aire-online.com/
Thursday, February 10, 2011
Maryland Transit Authority Awards Solar Contract
Pepco Energy Services, Inc., a subsidiary of Pepco Holdings, Inc. (NYSE: POM | PowerRating) and a leader in energy savings performance contracting, has been awarded a $6.2 million, 15-year energy savings performance contract by the Maryland Transit Administration (MTA).
Pepco Energy is installing energy conservation measures to help reduce the MTA's energy consumption. These measures include lighting retrofits, occupancy sensors and daylight harvesting. Pepco Energy will also install a rooftop solar photovoltaic solar array for the Northwest Bus Division of the MTA.
"The Maryland Transit Administration constantly looks for ways to maximize energy efficiency in all of our operations," said Ralign T. Wells, MTA Administrator and Chief Executive Officer. "Governor Martin O'Malley has encouraged all state agencies to go green and reduce government expenses, and the MTA is leading by example," said Wells.
The MTA also received funding from the local utility rebate program and the Maryland Energy Administration Project Sunburst Grant Program to help finance the project.
The comprehensive energy conservation measures will impact more than 1 million square feet, which includes MTA property and building space at various Local Bus, Metro Subway and Light Rail and MARC Facilities.
"Pepco Energy is excited to work with the Maryland Transit Administration in revamping its energy infrastructure to improve its energy efficiency and increase user comfort," said John Huffman, President and Chief Executive Officer of Pepco Energy.
"The Maryland Transit Administration will save more than $560,000 every year, or $9.4 million over the contract term," said Vern Hartsock, MTA Deputy Director of Engineering. "The project will reduce carbon dioxide emissions by more than 2,800 metric tons annually and will decrease energy costs by approximately 13 percent."
Construction began in January 2011 and is due to be complete in August 2011.
About Pepco Energy Services, Inc.
Pepco Energy Services, Inc., a wholly owned subsidiary of Pepco Holdings, Inc. (NYSE: POM), provides commercial, institutional, government and industrial customers with competitive energy efficiency services, including renewable energy and combined heat and power. Visit www.pepcoenergy.com for more information.
Pepco Energy Services, Inc. is not the same company as Potomac Electric Power Company, and prices and services of Pepco Energy Services, Inc. are not set by the Public Service Commission.
Information contained in this news release may include forward-looking statements, which should be considered in light of the risks inherent in the business of Pepco Holdings, Inc. and its subsidiaries, as discussed in public documents filed with the Securities and Exchange Commission.
SOURCE Pepco Energy Services, Inc.
Pepco Energy is installing energy conservation measures to help reduce the MTA's energy consumption. These measures include lighting retrofits, occupancy sensors and daylight harvesting. Pepco Energy will also install a rooftop solar photovoltaic solar array for the Northwest Bus Division of the MTA.
"The Maryland Transit Administration constantly looks for ways to maximize energy efficiency in all of our operations," said Ralign T. Wells, MTA Administrator and Chief Executive Officer. "Governor Martin O'Malley has encouraged all state agencies to go green and reduce government expenses, and the MTA is leading by example," said Wells.
The MTA also received funding from the local utility rebate program and the Maryland Energy Administration Project Sunburst Grant Program to help finance the project.
The comprehensive energy conservation measures will impact more than 1 million square feet, which includes MTA property and building space at various Local Bus, Metro Subway and Light Rail and MARC Facilities.
"Pepco Energy is excited to work with the Maryland Transit Administration in revamping its energy infrastructure to improve its energy efficiency and increase user comfort," said John Huffman, President and Chief Executive Officer of Pepco Energy.
"The Maryland Transit Administration will save more than $560,000 every year, or $9.4 million over the contract term," said Vern Hartsock, MTA Deputy Director of Engineering. "The project will reduce carbon dioxide emissions by more than 2,800 metric tons annually and will decrease energy costs by approximately 13 percent."
Construction began in January 2011 and is due to be complete in August 2011.
About Pepco Energy Services, Inc.
Pepco Energy Services, Inc., a wholly owned subsidiary of Pepco Holdings, Inc. (NYSE: POM), provides commercial, institutional, government and industrial customers with competitive energy efficiency services, including renewable energy and combined heat and power. Visit www.pepcoenergy.com for more information.
Pepco Energy Services, Inc. is not the same company as Potomac Electric Power Company, and prices and services of Pepco Energy Services, Inc. are not set by the Public Service Commission.
Information contained in this news release may include forward-looking statements, which should be considered in light of the risks inherent in the business of Pepco Holdings, Inc. and its subsidiaries, as discussed in public documents filed with the Securities and Exchange Commission.
SOURCE Pepco Energy Services, Inc.
Wednesday, February 9, 2011
Idaho Working on Regulations
State regulators tightened rules governing the price that big utilities must pay for electricity generated by small wind and solar energy projects, a victory for Idaho Power Co. and PacifiCorp that contend the current system was being abused and hiking costs for customers.
Qualifying wind and solar projects can now be no larger than 100 kilowatts, down from 10 megawatts, according to the Idaho Public Utilities Commission decision.
In the late 1970s, Congress required utilities to buy electricity from small power producers at special rates that were based on the cost the utilities could avoid if they had to generate the power themselves. That amount is determined in Idaho by the Public Utilities Commission and is potentially more attractive than prices that wind or solar companies could independently negotiate with the utilities.
Now, Idaho Power Co., Spokane, Wash-based Avista Corp. and PacifiCorp's Utah-based Rocky Mountain Power contend sophisticated, well-financed developers such as General Electric Co. and Shell Wind Energy are breaking up their otherwise large wind farms into small, 10 megawatt projects to qualify for the good rates - essentially gaming a system originally designed to help small, independent power producers.
"The commission's order takes the first steps toward addressing large developers who are taking large wind farms and chopping them into bite-sized pieces," said Idaho Power spokeswoman Stephanie McCurdy on Tuesday. "It also is the first step in making sure that our customers don't pay too much for the energy on our system."
The Boise-based utility said it's been overwhelmed by these fragmented projects that are contributing to higher costs for its customers. It estimates it could have 1,100 megawatts of wind power on its system within just a few years - more than it needs during low-usage days.
For instance, GE has built 122 wind turbines producing a maximum of 183 megawatts of power in southern Idaho. They can be operated as a system. But because the project has been broken up into 11 different sites, Idaho Power must buy the power at the mandated rates.
Going forward, the Idaho Public Utilities Commission ruling will affect at least 18 different projects proposed by four different companies, including the wind energy business of Dutch energy giant Shell.
Shell Wind Energy spokesman Tim O'Leary didn't immediately return a phone call seeking comment.
Though solar energy companies have been less active in Idaho, state regulators included their projects under the reduced cap, too. Like wind power, solar energy is also an intermittent electricity producer, regulators wrote, meaning it must be backed-up by other sources of power generation, such as the $427 million natural gas fired power plant that Idaho Power is building in southwestern Idaho.
The new rules will be in effect until the issues raised by the three electric utilities can be resolved, regulators said.
"The commission is supportive of all small-power producers . including wind and solar, and it is not the commission's intent to push small wind and solar QF projects out of the market," according to an IPUC press release.
Utilities, power producers and environmental groups that intervened in the case were told to prepare for a new round of hearings starting in early May at which regulators aim to devise a new rate structure that satisfies utilities' concerns, while once again allowing small wind and solar projects up to 10 megawatts to again qualify.
Ben Otto, a representative of the Idaho Conservation League, said he was disappointed that solar companies were included in the move, since their development in Idaho has been so minimal. However, Otto said the regulators' decision was a "measured response" to big wind developers that have taken advantage of the system.
"Big companies were coming in and using a mechanism that was intended for small independent power producers," he said. "So that gives me heartburn."
Qualifying wind and solar projects can now be no larger than 100 kilowatts, down from 10 megawatts, according to the Idaho Public Utilities Commission decision.
In the late 1970s, Congress required utilities to buy electricity from small power producers at special rates that were based on the cost the utilities could avoid if they had to generate the power themselves. That amount is determined in Idaho by the Public Utilities Commission and is potentially more attractive than prices that wind or solar companies could independently negotiate with the utilities.
Now, Idaho Power Co., Spokane, Wash-based Avista Corp. and PacifiCorp's Utah-based Rocky Mountain Power contend sophisticated, well-financed developers such as General Electric Co. and Shell Wind Energy are breaking up their otherwise large wind farms into small, 10 megawatt projects to qualify for the good rates - essentially gaming a system originally designed to help small, independent power producers.
"The commission's order takes the first steps toward addressing large developers who are taking large wind farms and chopping them into bite-sized pieces," said Idaho Power spokeswoman Stephanie McCurdy on Tuesday. "It also is the first step in making sure that our customers don't pay too much for the energy on our system."
The Boise-based utility said it's been overwhelmed by these fragmented projects that are contributing to higher costs for its customers. It estimates it could have 1,100 megawatts of wind power on its system within just a few years - more than it needs during low-usage days.
For instance, GE has built 122 wind turbines producing a maximum of 183 megawatts of power in southern Idaho. They can be operated as a system. But because the project has been broken up into 11 different sites, Idaho Power must buy the power at the mandated rates.
Going forward, the Idaho Public Utilities Commission ruling will affect at least 18 different projects proposed by four different companies, including the wind energy business of Dutch energy giant Shell.
Shell Wind Energy spokesman Tim O'Leary didn't immediately return a phone call seeking comment.
Though solar energy companies have been less active in Idaho, state regulators included their projects under the reduced cap, too. Like wind power, solar energy is also an intermittent electricity producer, regulators wrote, meaning it must be backed-up by other sources of power generation, such as the $427 million natural gas fired power plant that Idaho Power is building in southwestern Idaho.
The new rules will be in effect until the issues raised by the three electric utilities can be resolved, regulators said.
"The commission is supportive of all small-power producers . including wind and solar, and it is not the commission's intent to push small wind and solar QF projects out of the market," according to an IPUC press release.
Utilities, power producers and environmental groups that intervened in the case were told to prepare for a new round of hearings starting in early May at which regulators aim to devise a new rate structure that satisfies utilities' concerns, while once again allowing small wind and solar projects up to 10 megawatts to again qualify.
Ben Otto, a representative of the Idaho Conservation League, said he was disappointed that solar companies were included in the move, since their development in Idaho has been so minimal. However, Otto said the regulators' decision was a "measured response" to big wind developers that have taken advantage of the system.
"Big companies were coming in and using a mechanism that was intended for small independent power producers," he said. "So that gives me heartburn."
Tuesday, February 8, 2011
WindTamer Corporation Announces First Power on Demand
ROCHESTER, N.Y., Feb. 7, 2011 /PRNewswire/ -- WindTamer Corporation ("WindTamer" or the "Company") (OTC Bulletin Board: WNDT) announced today that its first Power on Demand energy storage and power management system, designed to lower peak energy demand, is now installed and operational at Advanced Glass Industries. Advanced Glass Industries operates a 35,000 square-foot facility in Rochester, New York and is one of the world's largest suppliers of precision machined and molded optical glass blanks.
Together with WindTamer's mobile Renewable Energy Trailer developed for military applications, the commissioning of the first Power on Demand system extends WindTamer's reach into the rapidly developing energy storage and power management sector and also marks the Company's increasing utilization of solar energy in its mix of product offerings.
Power on Demand is a proprietary patent-pending system that is designed to utilize energy inputs from multiple sources together with a custom-designed battery storage bank to reduce grid demand and provide power when customer loads are high, thereby smoothing power demand on the grid and lowering electricity costs to the customer. The energy can be generated from renewable sources such as wind and solar and also from fuel cells and the grid itself, depending on the available energy resources at a given site. Each Power on Demand system is custom designed by WindTamer's engineers with options to blend in renewable energy inputs to best utilize the resources at the customer's location.
The system is designed to include a proprietary 'smart monitoring' technology developed by WindTamer that, among other things, monitors the power usage of the site in real-time and determines when to release energy from the battery system so as to optimize the battery life and maximize the value of the overall system to the customer.
The Power on Demand system designed for and operating at Advanced Glass Industries' manufacturing facility integrates one WindTamer 8.0GT wind turbine, 3Kw of solar energy, 182kWh of usable energy storage and more than 100kW of power distribution capability. The system architecture was developed to reduce peak demand by offsetting peak energy costs. Renewable energy sources provide supplemental power to building loads and battery-based energy storage was implemented to handle peak loads that require additional power.
Mark Matthews, WindTamer's Vice President of Sales and Marketing and one of the designers of the Power on Demand system, said that, "We are extremely pleased to have installed and commissioned our first Power on Demand system, and we are especially excited about the impact this will have on WindTamer's sales prospects going forward. By having this system operating at a customer facility we are now in a position to demonstrate in a real-world setting the superior return on investment Power on Demand can provide for both wind and solar installations."
Mr. Matthews added that, "Our engineering team has also done an excellent job of keeping the Power on Demand system modular, scalable and flexible so that we will be able to offer a solution that accepts renewable energy inputs based on the available renewable resources at a given location and then customize the system for optimal savings."
WindTamer's CEO William Schmitz said, "It would be difficult to overestimate the significance of the commissioning of this system for our Company and its shareholders. As I have previously stated, we see Power on Demand as a major driver of our growth in 2011 and beyond. This product expands our potential customer base exponentially because it dramatically reduces the payback period to the customer, which makes Power on Demand an extremely attractive value proposition to a much wider variety of large energy users who deal with peak usage pricing."
Mr. Schmitz added that he expects some of the larger Power on Demand systems in the sales pipeline will be priced in the mid-to-high six figures.
About WindTamer
WindTamer Corporation (http://www.windtamerturbines.com/) is a developer, manufacturer and supplier of wind turbines, solar energy systems and custom-designed renewable energy storage and power management systems. The WindTamer diffuser-augmented wind turbine utilizes a patented technology for the production of electrical power. The WindTamer Power on Demand system utilizes inputs from multiple energy sources including wind, solar, fuel cells and the grid itself in conjunction with a custom-designed battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce peak power demand, thereby lowering electricity costs for large energy users who deal with peak usage pricing. WindTamer also manufactures a mobile trailer-mounted Renewable Energy Trailer that generates wind and solar energy to an onboard storage unit for military and other applications.
Forward-Looking Statements
This press release may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. WindTamer Corporation cautions investors not to place undue reliance on forward-looking statements, which reflect WindTamer's analysis only as of today's date. There can be no assurance that such forward-looking statements will prove to be correct, and actual results could differ materially. WindTamer undertakes no obligation to publicly update forward-looking statements. Further information on these factors, and other factors that could affect WindTamer's financial results, is included in WindTamer's Securities and Exchange Commission filings, including the latest Annual Report on Form 10-K.
SOURCE WindTamer Corporation
Together with WindTamer's mobile Renewable Energy Trailer developed for military applications, the commissioning of the first Power on Demand system extends WindTamer's reach into the rapidly developing energy storage and power management sector and also marks the Company's increasing utilization of solar energy in its mix of product offerings.
Power on Demand is a proprietary patent-pending system that is designed to utilize energy inputs from multiple sources together with a custom-designed battery storage bank to reduce grid demand and provide power when customer loads are high, thereby smoothing power demand on the grid and lowering electricity costs to the customer. The energy can be generated from renewable sources such as wind and solar and also from fuel cells and the grid itself, depending on the available energy resources at a given site. Each Power on Demand system is custom designed by WindTamer's engineers with options to blend in renewable energy inputs to best utilize the resources at the customer's location.
The system is designed to include a proprietary 'smart monitoring' technology developed by WindTamer that, among other things, monitors the power usage of the site in real-time and determines when to release energy from the battery system so as to optimize the battery life and maximize the value of the overall system to the customer.
The Power on Demand system designed for and operating at Advanced Glass Industries' manufacturing facility integrates one WindTamer 8.0GT wind turbine, 3Kw of solar energy, 182kWh of usable energy storage and more than 100kW of power distribution capability. The system architecture was developed to reduce peak demand by offsetting peak energy costs. Renewable energy sources provide supplemental power to building loads and battery-based energy storage was implemented to handle peak loads that require additional power.
Mark Matthews, WindTamer's Vice President of Sales and Marketing and one of the designers of the Power on Demand system, said that, "We are extremely pleased to have installed and commissioned our first Power on Demand system, and we are especially excited about the impact this will have on WindTamer's sales prospects going forward. By having this system operating at a customer facility we are now in a position to demonstrate in a real-world setting the superior return on investment Power on Demand can provide for both wind and solar installations."
Mr. Matthews added that, "Our engineering team has also done an excellent job of keeping the Power on Demand system modular, scalable and flexible so that we will be able to offer a solution that accepts renewable energy inputs based on the available renewable resources at a given location and then customize the system for optimal savings."
WindTamer's CEO William Schmitz said, "It would be difficult to overestimate the significance of the commissioning of this system for our Company and its shareholders. As I have previously stated, we see Power on Demand as a major driver of our growth in 2011 and beyond. This product expands our potential customer base exponentially because it dramatically reduces the payback period to the customer, which makes Power on Demand an extremely attractive value proposition to a much wider variety of large energy users who deal with peak usage pricing."
Mr. Schmitz added that he expects some of the larger Power on Demand systems in the sales pipeline will be priced in the mid-to-high six figures.
About WindTamer
WindTamer Corporation (http://www.windtamerturbines.com/) is a developer, manufacturer and supplier of wind turbines, solar energy systems and custom-designed renewable energy storage and power management systems. The WindTamer diffuser-augmented wind turbine utilizes a patented technology for the production of electrical power. The WindTamer Power on Demand system utilizes inputs from multiple energy sources including wind, solar, fuel cells and the grid itself in conjunction with a custom-designed battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce peak power demand, thereby lowering electricity costs for large energy users who deal with peak usage pricing. WindTamer also manufactures a mobile trailer-mounted Renewable Energy Trailer that generates wind and solar energy to an onboard storage unit for military and other applications.
Forward-Looking Statements
This press release may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. WindTamer Corporation cautions investors not to place undue reliance on forward-looking statements, which reflect WindTamer's analysis only as of today's date. There can be no assurance that such forward-looking statements will prove to be correct, and actual results could differ materially. WindTamer undertakes no obligation to publicly update forward-looking statements. Further information on these factors, and other factors that could affect WindTamer's financial results, is included in WindTamer's Securities and Exchange Commission filings, including the latest Annual Report on Form 10-K.
SOURCE WindTamer Corporation
Saturday, February 5, 2011
Solar Firm Gets Funding Commitment
MILPITAS, Calif., Feb. 3, 2011/PRNewswire/ -- DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology, today announced it has entered into a $5 million securities purchase agreement with Socius CG II, Ltd., a subsidiary of Socius Capital Group ("Socius"). Daystar also announced the additional extinguishment of debt in exchange for shares of common stock as the company continues to restructure its balance sheet and pursue a strategic partnership.
DayStar's CEO, Magnus Ryde commented, "This flexible financing arrangement, with a proven partner in Socius Captial, will strengthen our balance sheet and will better position us as we continue our discussions with potential strategic partners. The partnerships we are pursuing, if consummated, could include joint ventures, licensing agreements, contract manufacturing agreements, a reverse merger with or an acquisition of DayStar."
Under the agreement, Daystar has the right over a term of two years, subject to certain conditions, to require Socius to purchase up to $5 million of redeemable Series B Preferred Stock (the "Preferred Stock"). With each purchase, Socius will receive two-year warrants to purchase shares of the company's common stock valued at 35% of the Preferred Stock amount. The exercise price of the warrants will equal the closing bid price of the company's common stock on the preceding day. In addition, Socius will be entitled to exercise an additional investment right for 60 days after each sale of Preferred Stock to purchase common stock valued at 100% of the amount of the Preferred Stock, at a per share price equal to the exercise price of the warrants associated with the sale of Preferred Stock.
DayStar also announced that it has extinguished an additional $3.6 million in debt from its balance sheet through the conversion to equity of certain convertible notes payable, as well as agreements with vendors to settle their liabilities in exchange for shares of DayStar's common stock. DayStar CEO, Magnus Ryde, commented, "We are pleased to have eliminated another $3.6 million in debt from our balance sheet. We appreciate the continued support of our vendors and other stakeholders. We have nearly completed our balance sheet restructuring and other activities to enhance our ability to pursue strategic transactions."
Details of the agreements with vendors, note holders, and the securities purchase agreement are set forth in Current Reports on Form 8-K filed with the SEC.
DayStar's CEO, Magnus Ryde commented, "This flexible financing arrangement, with a proven partner in Socius Captial, will strengthen our balance sheet and will better position us as we continue our discussions with potential strategic partners. The partnerships we are pursuing, if consummated, could include joint ventures, licensing agreements, contract manufacturing agreements, a reverse merger with or an acquisition of DayStar."
Under the agreement, Daystar has the right over a term of two years, subject to certain conditions, to require Socius to purchase up to $5 million of redeemable Series B Preferred Stock (the "Preferred Stock"). With each purchase, Socius will receive two-year warrants to purchase shares of the company's common stock valued at 35% of the Preferred Stock amount. The exercise price of the warrants will equal the closing bid price of the company's common stock on the preceding day. In addition, Socius will be entitled to exercise an additional investment right for 60 days after each sale of Preferred Stock to purchase common stock valued at 100% of the amount of the Preferred Stock, at a per share price equal to the exercise price of the warrants associated with the sale of Preferred Stock.
DayStar also announced that it has extinguished an additional $3.6 million in debt from its balance sheet through the conversion to equity of certain convertible notes payable, as well as agreements with vendors to settle their liabilities in exchange for shares of DayStar's common stock. DayStar CEO, Magnus Ryde, commented, "We are pleased to have eliminated another $3.6 million in debt from our balance sheet. We appreciate the continued support of our vendors and other stakeholders. We have nearly completed our balance sheet restructuring and other activities to enhance our ability to pursue strategic transactions."
Details of the agreements with vendors, note holders, and the securities purchase agreement are set forth in Current Reports on Form 8-K filed with the SEC.
Wednesday, February 2, 2011
Arizona Bullish on Solar
PHOENIX - Attending a renewable-energy company's grand opening Monday, Gov. Jan Brewer said Arizona will become the U.S. leader in solar manufacturing and technology.
"I believe Arizona is the destination in the nation for solar companies to locate and expand," she said.
Brewer, Phoenix Mayor Phil Gordon and other dignitaries were on hand as Camarillo, Calif.-based Power-One Inc., the world's second-largest manufacturer of devices that convert power produced from batteries and solar panels, launched a 122,000-square-foot facility near Sky Harbor International Airport. Forty people are working there to start.
The Plant t is expected to employ 350 people in the next five years and could eventually have 1,000 workers.
"There's a great employee base here, but we also chose Arizona because of the solar corridor that the governor has created," Richard Thompson, Power-One's CEO and president.
Thompson said the potential to collaborate with Arizona State University also attracted the company to Phoenix, and he credited the Arizona Commerce Authority, which Brewer created last year to have business leaders help guide the state's economic future and attract companies.
Brewer said, "This new facility that we're opening today is proof that my new Arizona Commerce Authority is producing results with an aggressive, more-competitive approach."
Gordon said Power-One will help get Arizonans back to work.
"It's about buying power, and it's about employing other people," he said.
The plant will be able to eventually produce photovoltaic panels to capture and convert the sun's energy and wind inverters that can produce enough electricity for 2 million homes.
Alex Levran, president of renewable energy solutions for Power-One, said the company has collaborated with Arizona State University to develop innovative technologies.
"We chose to work with ASU because they have very good development programs and design programs," he said.
Sandra D. Kennedy, a member of the Arizona Corporation Commission, said the state's combination of abundant sunshine and existing manufacturing firms makes it a prime location for renewable-energy companies.
"I believe Arizona is the destination in the nation for solar companies to locate and expand," she said.
Brewer, Phoenix Mayor Phil Gordon and other dignitaries were on hand as Camarillo, Calif.-based Power-One Inc., the world's second-largest manufacturer of devices that convert power produced from batteries and solar panels, launched a 122,000-square-foot facility near Sky Harbor International Airport. Forty people are working there to start.
The Plant t is expected to employ 350 people in the next five years and could eventually have 1,000 workers.
"There's a great employee base here, but we also chose Arizona because of the solar corridor that the governor has created," Richard Thompson, Power-One's CEO and president.
Thompson said the potential to collaborate with Arizona State University also attracted the company to Phoenix, and he credited the Arizona Commerce Authority, which Brewer created last year to have business leaders help guide the state's economic future and attract companies.
Brewer said, "This new facility that we're opening today is proof that my new Arizona Commerce Authority is producing results with an aggressive, more-competitive approach."
Gordon said Power-One will help get Arizonans back to work.
"It's about buying power, and it's about employing other people," he said.
The plant will be able to eventually produce photovoltaic panels to capture and convert the sun's energy and wind inverters that can produce enough electricity for 2 million homes.
Alex Levran, president of renewable energy solutions for Power-One, said the company has collaborated with Arizona State University to develop innovative technologies.
"We chose to work with ASU because they have very good development programs and design programs," he said.
Sandra D. Kennedy, a member of the Arizona Corporation Commission, said the state's combination of abundant sunshine and existing manufacturing firms makes it a prime location for renewable-energy companies.
Sunday, January 30, 2011
Solar Technology Being Promoted Again
WASHINGTON, Jan. 28 (UPI) -- New research has established that sophisticated new solar energy production methods make it far and away the cheapest and least hazardous energy source, certainly cheaper and safer than nuclear power.
The latest findings come through research by a British market leader in renewable energy production following on from studies at Duke University in Durham, N.C.
The nuclear power generation industry and its various lobbies have successfully campaigned for the nuclear option as the most economical for consumers planning for large increases in demand for electricity.
Outside the United States, too, nuclear power generation has won new friends in recent years despite controversies over nuclear energy's dual use -- the other as a weapon of mass destruction.
Ken Moss, chief executive officer at U.K. solar power developer and producer mO3, said: "The generation game has changed so much over the last decade that electricity generated from solar energy will be cheaper than electricity generated from nuclear plants, including the new ones planned to be set up in Britain.
The latest findings come through research by a British market leader in renewable energy production following on from studies at Duke University in Durham, N.C.
The nuclear power generation industry and its various lobbies have successfully campaigned for the nuclear option as the most economical for consumers planning for large increases in demand for electricity.
Outside the United States, too, nuclear power generation has won new friends in recent years despite controversies over nuclear energy's dual use -- the other as a weapon of mass destruction.
Ken Moss, chief executive officer at U.K. solar power developer and producer mO3, said: "The generation game has changed so much over the last decade that electricity generated from solar energy will be cheaper than electricity generated from nuclear plants, including the new ones planned to be set up in Britain.
Friday, January 28, 2011
Suntech and Siemens Photovoltaic Deal
MUNICH, Jan. 27, 2011 /PRNewswire-Asia/ -- Siemens Energy has signed a framework agreement with Suntech Power Holdings Co. Ltd. (NYSE: STP), the world's largest manufacturer of photovoltaic (PV) modules. The photovoltaic modules to be supplied under this umbrella agreement are for several projects in Europe.
"Siemens is offering EPC solutions for photovoltaic plants," said Martin Schulz, Vice President Photovoltaics Siemens Renewable Energy Division. "With Suntech we have a bankable partner to provide reliable photovoltaic plants to our customers." In the last seven months Siemens has secured orders for photovoltaic plants with a combined capacity of over 80 MW from six different countries. As EPC contractor, the company handles the turnkey construction of solar power plants combining in-house components such as inverters or transformers and independent panel sourcing as well as local sourcing.
Jerry Stokes, President of Suntech Europe, stated: "We are excited to establish a strategic cooperation with a strong partner such as Siemens. We have already started executing on the agreement for projects developed throughout Europe. Siemens' global presence facilitates joint projects in Europe as well as in other parts of the world."
Photovoltaic plants are part of Siemens' Environmental Portfolio. In fiscal 2010, revenue from the Portfolio totaled about EUR28 billion, making Siemens the world's largest supplier of ecofriendly technologies. In the same period, our products and solutions enabled customers to reduce their carbon dioxide (CO2) emissions by 270 million tons, an amount equal to the total annual CO2 emissions of the megacities Hong Kong, London, New York, Tokyo, Delhi and Singapore.
"Siemens is offering EPC solutions for photovoltaic plants," said Martin Schulz, Vice President Photovoltaics Siemens Renewable Energy Division. "With Suntech we have a bankable partner to provide reliable photovoltaic plants to our customers." In the last seven months Siemens has secured orders for photovoltaic plants with a combined capacity of over 80 MW from six different countries. As EPC contractor, the company handles the turnkey construction of solar power plants combining in-house components such as inverters or transformers and independent panel sourcing as well as local sourcing.
Jerry Stokes, President of Suntech Europe, stated: "We are excited to establish a strategic cooperation with a strong partner such as Siemens. We have already started executing on the agreement for projects developed throughout Europe. Siemens' global presence facilitates joint projects in Europe as well as in other parts of the world."
Photovoltaic plants are part of Siemens' Environmental Portfolio. In fiscal 2010, revenue from the Portfolio totaled about EUR28 billion, making Siemens the world's largest supplier of ecofriendly technologies. In the same period, our products and solutions enabled customers to reduce their carbon dioxide (CO2) emissions by 270 million tons, an amount equal to the total annual CO2 emissions of the megacities Hong Kong, London, New York, Tokyo, Delhi and Singapore.
Tuesday, January 25, 2011
Federal Dollars for Arizona Solar
It takes dollar power to get solar power. In these recession-scarred times, it also takes some federal backup power.
The U.S. Department of Energy is stepping in for the second time to provide a crucial loan guarantee for an Arizona solar-power plant.
The Agua Caliente Solar Project in Yuma County is in line for a $967 million loan guarantee. The Solana plant in Gila Bend was earlier offered a $1.45 billion guarantee.These aren't loans or grants. They simply remove a barrier that kept gun-shy lenders from putting money into huge energy projects. Taxpayers would assume the tiny risk of default on two plants that have built-in markets: The Yuma plant will supply Pacific Gas & Electric, which serves Californians, and Solana will supply Arizona Public Service.
Arizona will benefit from a boost in employment, mostly in short-term construction jobs but also some in operations and maintenance. And a new factory will make solar mirrors for the Solana plant. The federal loan guarantees are critical for the supply side of Arizona's solar industry.
But it's just half of the equation. Our state's renewable-energy standard, adopted by the Arizona Corporation Commission, requires regulated utilities to produce 15 percent of their power from renewable sources by 2025.
That's the demand side. For bright prospects in solar, Arizona must have a steady, predictable increase in local demand.
The U.S. Department of Energy is stepping in for the second time to provide a crucial loan guarantee for an Arizona solar-power plant.
The Agua Caliente Solar Project in Yuma County is in line for a $967 million loan guarantee. The Solana plant in Gila Bend was earlier offered a $1.45 billion guarantee.These aren't loans or grants. They simply remove a barrier that kept gun-shy lenders from putting money into huge energy projects. Taxpayers would assume the tiny risk of default on two plants that have built-in markets: The Yuma plant will supply Pacific Gas & Electric, which serves Californians, and Solana will supply Arizona Public Service.
Arizona will benefit from a boost in employment, mostly in short-term construction jobs but also some in operations and maintenance. And a new factory will make solar mirrors for the Solana plant. The federal loan guarantees are critical for the supply side of Arizona's solar industry.
But it's just half of the equation. Our state's renewable-energy standard, adopted by the Arizona Corporation Commission, requires regulated utilities to produce 15 percent of their power from renewable sources by 2025.
That's the demand side. For bright prospects in solar, Arizona must have a steady, predictable increase in local demand.
Friday, January 21, 2011
Solar Power for the Farm
Sunvalley Solar, Inc. (OTC Bulletin Board: SSOL | PowerRating), a leading provider of solar power technology and solar integration systems, announced that it has re-signed a commercial solar installation contract with Long Life Farms in Thermal, California.
The IIDU has changed it's solar incentive plan from a one time lump sum payment to a monthly performance based payment spread over 5 years. Due to this change, Sunvalley successfully renegotiated the contracts with Long Life Farm. The new incentive plan, offers Long Life Farm better terms, payment structure and tax benefits.
The new 148.58 Kilowatt solar power systems comprised of 1,564 solar panels from Tianwei Solarfilms and one 100KW plus one 35KW solar inverter from PV Powered. The total contracted value is approximately $680,496. The contract is supported by ~$325K of solar incentive rebates from the local utility company and ~$204K of Federal Tax Cash Grants from the Federal Treasury Department.
The solar system is expected to generate 254,784 Kilowatt hours of electricity annually. During the peak months of May through October the system will generate surplus power and earn credits with Imperial Irrigation District Utility, offsetting the less sunny winter months.
The installation for Long Life Farms will begin in early 2011.
The IIDU has changed it's solar incentive plan from a one time lump sum payment to a monthly performance based payment spread over 5 years. Due to this change, Sunvalley successfully renegotiated the contracts with Long Life Farm. The new incentive plan, offers Long Life Farm better terms, payment structure and tax benefits.
The new 148.58 Kilowatt solar power systems comprised of 1,564 solar panels from Tianwei Solarfilms and one 100KW plus one 35KW solar inverter from PV Powered. The total contracted value is approximately $680,496. The contract is supported by ~$325K of solar incentive rebates from the local utility company and ~$204K of Federal Tax Cash Grants from the Federal Treasury Department.
The solar system is expected to generate 254,784 Kilowatt hours of electricity annually. During the peak months of May through October the system will generate surplus power and earn credits with Imperial Irrigation District Utility, offsetting the less sunny winter months.
The installation for Long Life Farms will begin in early 2011.
Thursday, January 20, 2011
Solar Power is Money for Electricity
nvironmental Advantage: Solar power is one of the most benign electricity resources. Solar cells generate electricity without air or water emissions, noise, vibration, habitat impact or waste generation.
Fuel Risk Advantage: Unlike fossil and nuclear fuels, solar energy has no risk of fuel price volatility or delivery risk. Although there is variability in the amount and timing of sunlight in the day, season and year, a properly sized and configured system can be designed to insure high reliability while providing a long-term, fixed-price electricity supply.
Location Advantage: Unlike other renewable resources such as hydroelectric and wind power, solar power is generally located at a customer's site due to the universal availability of sunlight. As a result, solar power limits the expense and energy losses associated with the transmission and distribution from large-scale electric plants to the end-users. For most residential consumers seeking an environment-friendly power alternative, solar power is currently the only viable choice being a ubiquitous source.
Environmental Legislations: Alternative energy companies are increasingly benefiting from new legislation in the U.S. stipulating installation of renewable sources of electricity generation as mandated by Renewal Energy Standards (RES). At the federal level, Congress has extended the 30% federal investment tax credit (ITC) to both residential and commercial solar installations until December 31, 2016.
Also, under the American Reinvestment and Recovery Act (ARRA) passed in February 2009, the U.S. Treasury Department implemented a program to issue cash grants in lieu of investment tax credit for renewable energy projects.
Subsidy Programs: Governments, most notably China, Japan, Canada, U.K., Australia, India and the Middle East, have increased their financial support for solar projects. China is aiming at increasing its installed solar power capacity to 20 GW by 2020 from 305 MW capacity at the end of 2009. Specific solar energy stocks under our coverage that stand to benefit from this environment with a Zacks #1 Rank (short-term Strong Buy rating) include China Sunergy Co. Ltd. (Nasdaq: CSUN), LDK Solar Co. Ltd. (NYSE: LDK) and JA Solar Holdings Co. Ltd. (Nasdaq: JASO).
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2679.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4581.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/ZacksResearch
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Fuel Risk Advantage: Unlike fossil and nuclear fuels, solar energy has no risk of fuel price volatility or delivery risk. Although there is variability in the amount and timing of sunlight in the day, season and year, a properly sized and configured system can be designed to insure high reliability while providing a long-term, fixed-price electricity supply.
Location Advantage: Unlike other renewable resources such as hydroelectric and wind power, solar power is generally located at a customer's site due to the universal availability of sunlight. As a result, solar power limits the expense and energy losses associated with the transmission and distribution from large-scale electric plants to the end-users. For most residential consumers seeking an environment-friendly power alternative, solar power is currently the only viable choice being a ubiquitous source.
Environmental Legislations: Alternative energy companies are increasingly benefiting from new legislation in the U.S. stipulating installation of renewable sources of electricity generation as mandated by Renewal Energy Standards (RES). At the federal level, Congress has extended the 30% federal investment tax credit (ITC) to both residential and commercial solar installations until December 31, 2016.
Also, under the American Reinvestment and Recovery Act (ARRA) passed in February 2009, the U.S. Treasury Department implemented a program to issue cash grants in lieu of investment tax credit for renewable energy projects.
Subsidy Programs: Governments, most notably China, Japan, Canada, U.K., Australia, India and the Middle East, have increased their financial support for solar projects. China is aiming at increasing its installed solar power capacity to 20 GW by 2020 from 305 MW capacity at the end of 2009. Specific solar energy stocks under our coverage that stand to benefit from this environment with a Zacks #1 Rank (short-term Strong Buy rating) include China Sunergy Co. Ltd. (Nasdaq: CSUN), LDK Solar Co. Ltd. (NYSE: LDK) and JA Solar Holdings Co. Ltd. (Nasdaq: JASO).
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2679.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4581.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/ZacksResearch
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Monday, January 17, 2011
WMECO to Build 2nd Solar Facility
SPRINGFIELD, Mass.--(BUSINESS WIRE)--Western Massachusetts Electric Company (WMECo) today announced plans to develop its second large-scale solar energy facility. The selected site is on Cottage Street in Springfield will accommodate some 17,000 solar panels, producing up to 4.2 megawatts (MW) of solar energy.
WMECo officials joined local officials in announcing the agreement to develop the capped landfill into a large-scale solar energy facility. Upon completion, the Springfield facility will join WMECo’s Silver Lake Solar Facility as two of the largest in the region.
“The Springfield facility continues to build on the experience we gained in developing our recently completed project in Pittsfield. Our approach enables us to deliver large scale solar at a level of cost effectiveness that no one would have thought possible a few short years ago.” said Peter J. Clarke, WMECo president and chief operating officer.
“Our solar program helps stimulate development of large scale solar facilities and the demand for regional construction and engineering services. Our use of a capped landfill creates a new and viable use for an otherwise challenged property within our home city,” Clarke said.
"We are delighted to partner with WMECO to advance this important solar project,” said Mayor Domenic Sarno. “My Administration has been working to advance this project and other important conservation and sustainability efforts to take a lead in the 'green' economy. I look forward to growing the City's partnership with WMECO," he said.
The project will bring $22M of construction to the region and is expected to contribute several hundred thousand dollars of annual property tax revenue to the city of Springfield. Springfield is one of the two Gateway Communities in WMECo’s service territory and is home to some 65,000 WMECo customers.
The Commonwealth has a goal to install 250 megawatts of solar by 2017. Under the landmark Green Communities Act (GCA), each Massachusetts electric utility may own up to 50 MW of solar generation, subject to approval by the Department of Public Utilities (DPU).
WMECo was the first utility to receive DPU approval and is currently authorized to install 6 MW of solar. Local permitting for the project is underway and WMECo expects to begin construction in the second quarter of this year. Construction of the Springfield facility will complete the initial 6 megawatt authorization received from the DPU.
Western Massachusetts Electric Company, a Northeast Utilities company (NYSE:NU), serves approximately 200,000 customers in 59 communities throughout western Massachusetts and is committed to the environment, economic development and the health of the communities it serves. For more information about WMECo, visit our Web site at www.wmeco.com.
WMECo officials joined local officials in announcing the agreement to develop the capped landfill into a large-scale solar energy facility. Upon completion, the Springfield facility will join WMECo’s Silver Lake Solar Facility as two of the largest in the region.
“The Springfield facility continues to build on the experience we gained in developing our recently completed project in Pittsfield. Our approach enables us to deliver large scale solar at a level of cost effectiveness that no one would have thought possible a few short years ago.” said Peter J. Clarke, WMECo president and chief operating officer.
“Our solar program helps stimulate development of large scale solar facilities and the demand for regional construction and engineering services. Our use of a capped landfill creates a new and viable use for an otherwise challenged property within our home city,” Clarke said.
"We are delighted to partner with WMECO to advance this important solar project,” said Mayor Domenic Sarno. “My Administration has been working to advance this project and other important conservation and sustainability efforts to take a lead in the 'green' economy. I look forward to growing the City's partnership with WMECO," he said.
The project will bring $22M of construction to the region and is expected to contribute several hundred thousand dollars of annual property tax revenue to the city of Springfield. Springfield is one of the two Gateway Communities in WMECo’s service territory and is home to some 65,000 WMECo customers.
The Commonwealth has a goal to install 250 megawatts of solar by 2017. Under the landmark Green Communities Act (GCA), each Massachusetts electric utility may own up to 50 MW of solar generation, subject to approval by the Department of Public Utilities (DPU).
WMECo was the first utility to receive DPU approval and is currently authorized to install 6 MW of solar. Local permitting for the project is underway and WMECo expects to begin construction in the second quarter of this year. Construction of the Springfield facility will complete the initial 6 megawatt authorization received from the DPU.
Western Massachusetts Electric Company, a Northeast Utilities company (NYSE:NU), serves approximately 200,000 customers in 59 communities throughout western Massachusetts and is committed to the environment, economic development and the health of the communities it serves. For more information about WMECo, visit our Web site at www.wmeco.com.
Wednesday, January 12, 2011
China Solar Company Buys US Company
Chinese-based LDK Solar, Ltd. (NYSE: LDK) reached an agreement to purchase 70 percent of U.S.-based Solar Power, Inc. (SPI), a photovoltaic manufacturer and installer. Under the agreement, LDK will pay $33 million for the majority ownership stake in SPI, allowing the company to focus on large installations in the U.S. and the Americas.
LDK’s investment will allow SPI greater access to financing for developing large-scale photovoltaic projects in the United States.
“It’s going to allow us to focus on the marketing sales and development of large-scale solar in the United States,” said SPI Vice President of Marketing Mike Anderson. He added that the company is focused on utility scale systems and large-scale distributed generation systems.
In a press release, LDK said it made the investment to accelerate the development of SPI’s project pipeline, which it projects will add “downstream benefit” to LDK.
Under the agreement, LDK will take over the manufacturing of SPI’s panels, which were previously made in Shenzhen, China. It also will purchase some of SPI’s manufacturing equipment and take over SPI’s manufacturing facility.
“They’re going to manufacturer our panels to our specs,” said Anderson. He added that they’re also going to produce some of the company’s racking products, like its Skymount. “They’re going to be SPI branding so none of that’s going to change.”
Anderson said he did not know if LDK would use SPI’s specs in making their own panels.
An additional benefit, according to Anderson is best in class pricing.
“Something, heretofore, we wouldn’t have been able to get on our own,” he said.
LDK said, “SPI will maintain a separate logistical team in Shenzhen to enhance project development, design and related project management functions at a new location in Shenzhen.”
Neither company has a manufacturing facility in the U.S.
“Both companies have an interest in opening a plant here in the U.S., but we don’t have any plans as of yet,” Anderson said.
Under the agreement, Anderson said SPI’s corporate structure will remain the same.
However, LDK CEO Xiaofeng Peng will become chairman of SPI’s board. And Jack Lai, LDK’s chief financial officer, will also join SPI’s board.
LDK’s investment will allow SPI greater access to financing for developing large-scale photovoltaic projects in the United States.
“It’s going to allow us to focus on the marketing sales and development of large-scale solar in the United States,” said SPI Vice President of Marketing Mike Anderson. He added that the company is focused on utility scale systems and large-scale distributed generation systems.
In a press release, LDK said it made the investment to accelerate the development of SPI’s project pipeline, which it projects will add “downstream benefit” to LDK.
Under the agreement, LDK will take over the manufacturing of SPI’s panels, which were previously made in Shenzhen, China. It also will purchase some of SPI’s manufacturing equipment and take over SPI’s manufacturing facility.
“They’re going to manufacturer our panels to our specs,” said Anderson. He added that they’re also going to produce some of the company’s racking products, like its Skymount. “They’re going to be SPI branding so none of that’s going to change.”
Anderson said he did not know if LDK would use SPI’s specs in making their own panels.
An additional benefit, according to Anderson is best in class pricing.
“Something, heretofore, we wouldn’t have been able to get on our own,” he said.
LDK said, “SPI will maintain a separate logistical team in Shenzhen to enhance project development, design and related project management functions at a new location in Shenzhen.”
Neither company has a manufacturing facility in the U.S.
“Both companies have an interest in opening a plant here in the U.S., but we don’t have any plans as of yet,” Anderson said.
Under the agreement, Anderson said SPI’s corporate structure will remain the same.
However, LDK CEO Xiaofeng Peng will become chairman of SPI’s board. And Jack Lai, LDK’s chief financial officer, will also join SPI’s board.
Tuesday, January 11, 2011
Kaiser Permanente Adds Solar
Kaiser Permanente's Santa Clara Medical Center has gone live with solar power, becoming one of the country's first major medical centers to receive a significant amount of its energy from the sun.
"Kaiser Permanente has a long history of energy conservation and environmental stewardship, and our use of solar and other forms of renewable energy further demonstrates our ongoing commitment to improving the overall health and well-being of our members and the communities we serve," said Gregory A. Adams, group president, regional president of Kaiser Foundation Health Plan/Hospitals, Inc. in Northern California.
Kaiser Permanente agreed in March to install solar power systems at 15 of its California facilities — deploying a total 15 megawatts of solar energy — by the end of 2011. The agreement with Recurrent Energy, a solar project developer and generating company providing clean electricity to utilities and large energy users, launched one of the largest sustainable energy programs in U.S. health care.
Solar panels at Kaiser Permanente Santa Clara will produce 8.5 percent of the power used at the medical center — or enough to provide electricity for 136 homes for one year.
Installing solar panels on Kaiser Permanente hospitals, medical offices and other buildings is the first step in a comprehensive plan to use onsite renewable energy sources to power Kaiser Permanente's buildings nationwide. A focus on renewable energy sources is just one aspect of the organization's industry-leading work to reduce greenhouse gas emissions, reduce the use of harmful chemicals, and promote sustainable food choices.
Kaiser Permanente's investment in solar power will reduce the organization's reliance on the public power grid and help it diversify its energy sources. The 15 megawatts of solar power will produce an average of 10 percent of the electricity at each of the facilities, which also include the Vallejo Medical Center in Northern California, and medical offices in Lancaster and La Mesa in Southern California.
This is enough to provide electricity for about 1,900 homes a year.
Kaiser Permanente agreed to purchase the solar power through power purchase agreements with San Francisco-based Recurrent Energy, which will own and operate all of the solar power systems. Kaiser Permanente also will retain all the Renewable Energy Credits awarded for these solar projects.
"These solar agreements are a major step toward our goal of including a wide array of renewable sources in our energy portfolio," said John Kouletsis, director of strategy, planning and design for Kaiser Permanente's National Facilities Services department. In the future, energy sources could include thermal energy, wind and fuel cells in addition to solar.
This move is the latest in Kaiser Permanente's long history of energy conservation and environmental stewardship. Sustainable design and construction practices, including the use of energy-saving infrastructure and non-toxic materials, help Kaiser Permanente to build green and stay on budget.
Through its green building efforts, Kaiser Permanente:
Saves more than $10 million per year through energy conservation strategies. A leader in environmental health care and construction, Kaiser Permanente has committed to significantly reducing its use of fossil fuels and slowing energy growth over the next 10 years.
Will use sustainable design and construction practices to complete roughly 6.7 million square feet of new construction in the next seven years.
Eliminated the purchase and disposal of 40 tons of harmful chemicals.
Kaiser Permanente first used solar power when it opened one of the country's "greenest" hospitals in Modesto, Calif., in 2008. That hospital's solar-panel array generates enough electricity to power 25 homes annually.
About Kaiser Permanente
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America's leading health care providers and not-for-profit health plans. Founded in 1945, our mission is to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve 8.6 million members in nine states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal physicians, specialists and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education and the support of community health. For more information, go to: www.kp.org/newscenter .
"Kaiser Permanente has a long history of energy conservation and environmental stewardship, and our use of solar and other forms of renewable energy further demonstrates our ongoing commitment to improving the overall health and well-being of our members and the communities we serve," said Gregory A. Adams, group president, regional president of Kaiser Foundation Health Plan/Hospitals, Inc. in Northern California.
Kaiser Permanente agreed in March to install solar power systems at 15 of its California facilities — deploying a total 15 megawatts of solar energy — by the end of 2011. The agreement with Recurrent Energy, a solar project developer and generating company providing clean electricity to utilities and large energy users, launched one of the largest sustainable energy programs in U.S. health care.
Solar panels at Kaiser Permanente Santa Clara will produce 8.5 percent of the power used at the medical center — or enough to provide electricity for 136 homes for one year.
Installing solar panels on Kaiser Permanente hospitals, medical offices and other buildings is the first step in a comprehensive plan to use onsite renewable energy sources to power Kaiser Permanente's buildings nationwide. A focus on renewable energy sources is just one aspect of the organization's industry-leading work to reduce greenhouse gas emissions, reduce the use of harmful chemicals, and promote sustainable food choices.
Kaiser Permanente's investment in solar power will reduce the organization's reliance on the public power grid and help it diversify its energy sources. The 15 megawatts of solar power will produce an average of 10 percent of the electricity at each of the facilities, which also include the Vallejo Medical Center in Northern California, and medical offices in Lancaster and La Mesa in Southern California.
This is enough to provide electricity for about 1,900 homes a year.
Kaiser Permanente agreed to purchase the solar power through power purchase agreements with San Francisco-based Recurrent Energy, which will own and operate all of the solar power systems. Kaiser Permanente also will retain all the Renewable Energy Credits awarded for these solar projects.
"These solar agreements are a major step toward our goal of including a wide array of renewable sources in our energy portfolio," said John Kouletsis, director of strategy, planning and design for Kaiser Permanente's National Facilities Services department. In the future, energy sources could include thermal energy, wind and fuel cells in addition to solar.
This move is the latest in Kaiser Permanente's long history of energy conservation and environmental stewardship. Sustainable design and construction practices, including the use of energy-saving infrastructure and non-toxic materials, help Kaiser Permanente to build green and stay on budget.
Through its green building efforts, Kaiser Permanente:
Saves more than $10 million per year through energy conservation strategies. A leader in environmental health care and construction, Kaiser Permanente has committed to significantly reducing its use of fossil fuels and slowing energy growth over the next 10 years.
Will use sustainable design and construction practices to complete roughly 6.7 million square feet of new construction in the next seven years.
Eliminated the purchase and disposal of 40 tons of harmful chemicals.
Kaiser Permanente first used solar power when it opened one of the country's "greenest" hospitals in Modesto, Calif., in 2008. That hospital's solar-panel array generates enough electricity to power 25 homes annually.
About Kaiser Permanente
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America's leading health care providers and not-for-profit health plans. Founded in 1945, our mission is to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve 8.6 million members in nine states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal physicians, specialists and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education and the support of community health. For more information, go to: www.kp.org/newscenter .
Friday, January 7, 2011
Solar Energy Partnership for Colorado
Denver, Jan. 4, 2011 – SolSource Energy Solutions, one of Colorado’s leading solar engineering, procurement and construction companies, has recently partnered with Sun Energy Funding, a local provider of residential leasing and financing for solar energy. The new partnership will provide Colorado residents with the benefits and savings of solar without the large installation costs.
SolSource was approached by Sun Energy because of SolSource’s reputation within the industry for high quality solar installations and deep Colorado business roots. SolSource and Sun Energy were both founded in Colorado and both have made a commitment to help Colorado residents save money with energy efficient homes.
“Many homeowners recognize the benefits of solar energy, but feel that it is out of reach because of the large initial cost. By partnering with SolSource we can help Colorado residents attain solar energy, by supplying them with different financing options that meet their needs.” said Erik Bowman, CEO of Sun Energy Funding.
Sun Energy Funding was founded by a team of veteran solar installers after they recognized there was a gap in the market and a need for financing options. Sun Energy partners with top tier solar integrators to provide leasing and financing options for residents interested in installing solar systems.
“We are excited for the partnership with Sun Energy Funding because it will help make solar more affordable and available for homeowners,” said Jeff Scott, president and founder of SolSource, “We are hoping to complete 30 residential leasing projects with Sun Energy in 2011.”
To learn more about solar and available financing options, visit www.solsourceinc.com.
About SolSource, Inc.
Founded in 2004, SolSource is a solar design and installation firm providing solar electric, solar thermal hot water, and air heating systems throughout Colorado and nationwide. SolSource’s experience covers commercial, business, government, school and residential projects. Its clients include Buckley Air Force Base, Fossil Ridge High School, the Pepsi Center, University of Colorado at Boulder, Blue Mountain Arts corporate office, and more than 600 residential homes, including the home of SolSource President, Jeff Scott. For more information please visit www.solsourceinc.com.
About Sun Energy Funding
Founded in 2010, Sun Energy Funding is a Colorado-based company that provides residential leasing and financing options that allow consumers to save money through solar energy alternatives. The founders of Sun Energy bring over 50 years experience with backgrounds in solar installation, construction, finance and business development. The company remains dedicated to Colorado through its 100 percent local funding and employment. For more information please visit www.sunenergyfunding.com.
SolSource was approached by Sun Energy because of SolSource’s reputation within the industry for high quality solar installations and deep Colorado business roots. SolSource and Sun Energy were both founded in Colorado and both have made a commitment to help Colorado residents save money with energy efficient homes.
“Many homeowners recognize the benefits of solar energy, but feel that it is out of reach because of the large initial cost. By partnering with SolSource we can help Colorado residents attain solar energy, by supplying them with different financing options that meet their needs.” said Erik Bowman, CEO of Sun Energy Funding.
Sun Energy Funding was founded by a team of veteran solar installers after they recognized there was a gap in the market and a need for financing options. Sun Energy partners with top tier solar integrators to provide leasing and financing options for residents interested in installing solar systems.
“We are excited for the partnership with Sun Energy Funding because it will help make solar more affordable and available for homeowners,” said Jeff Scott, president and founder of SolSource, “We are hoping to complete 30 residential leasing projects with Sun Energy in 2011.”
To learn more about solar and available financing options, visit www.solsourceinc.com.
About SolSource, Inc.
Founded in 2004, SolSource is a solar design and installation firm providing solar electric, solar thermal hot water, and air heating systems throughout Colorado and nationwide. SolSource’s experience covers commercial, business, government, school and residential projects. Its clients include Buckley Air Force Base, Fossil Ridge High School, the Pepsi Center, University of Colorado at Boulder, Blue Mountain Arts corporate office, and more than 600 residential homes, including the home of SolSource President, Jeff Scott. For more information please visit www.solsourceinc.com.
About Sun Energy Funding
Founded in 2010, Sun Energy Funding is a Colorado-based company that provides residential leasing and financing options that allow consumers to save money through solar energy alternatives. The founders of Sun Energy bring over 50 years experience with backgrounds in solar installation, construction, finance and business development. The company remains dedicated to Colorado through its 100 percent local funding and employment. For more information please visit www.sunenergyfunding.com.
Thursday, January 6, 2011
Solar Energy Development for Mongolia
First Solar, Inc. (Nasdaq: FSLR | PowerRating) and China Guangdong Nuclear Solar Energy Development Co., Ltd. (CGN SEDC) today signed a memorandum of understanding (MOU) to collaborate on the development of Phase 1 of the previously announced solar photovoltaic (PV) plant in Ordos, Inner Mongolia. The agreement represents an important step forward for the Ordos project, following First Solar's MOU with the Ordos Government in September, 2009, and the Chinese government's recent approval of the pre-feasibility study for Phase 1 in September 2010. First Solar President Bruce Sohn and CGN SEDC President Han Qinghao signed the MOU at a ceremony in Beijing today.
Under the terms of the MOU, First Solar and CGN SEDC will work together to execute the 30 MW AC first-phase demonstration project. CGN SEDC will be the majority project owner and operator, performing the engineering, procurement and construction (EPC) functions for the project. First Solar will supply its advanced thin-film solar PV modules to the project and will support CGN SEDC with EPC and O&M advisory services.
"First Solar is honored to be working on the Ordos project with CGN SEDC, a company with demonstrated leadership, expertise and experience. We look forward to working together to make the Ordos project a reality and to contributing to China's renewable energy goals and market development," said Sohn.
"We are very pleased to be partnering with First Solar, a global leader in solar PV technology, in developing the first significant solar project to adopt advanced thin-film technology in China," commented Han Qinghao.
The Ordos project represents the first large-scale solar collaboration between China and the United States and an example of China-U.S. bilateral cooperation on renewable energy.
About First Solar, Inc.
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. The company is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit http://www.firstsolar.com.
About China Guangdong Nuclear
Solar Energy Development Co., Ltd. of China Guangdong Nuclear Power Group (CGN SEDC) was established in August 27, 2009. As a wholly-owned subsidiary of China Guangdong Nuclear Power Group, CGN SEDC focuses on solar power investment, construction, operation and maintenance, and is actively involved in related industries. By the end of 2010, CGN SEDC completed construction of solar facilities capable of producing 20MW, and is currently in the process of constructing facilities with a capacity of 70 MW. For more information about CGN-SEDC, please visit http://www.cgnsedc.com.cn.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
SOURCE: First Solar, Inc. and CGN SEDC
China
Huang Xue
+8610-5816-2555
Xue.Huang@bm.com
or
First Solar, Inc.
United States
Alan Bernheimer
602-414-9361
media@firstsolar.com
or
Europe
Brandon Mitchener
+49-6131-1443-399
media@firstsolar.com
Under the terms of the MOU, First Solar and CGN SEDC will work together to execute the 30 MW AC first-phase demonstration project. CGN SEDC will be the majority project owner and operator, performing the engineering, procurement and construction (EPC) functions for the project. First Solar will supply its advanced thin-film solar PV modules to the project and will support CGN SEDC with EPC and O&M advisory services.
"First Solar is honored to be working on the Ordos project with CGN SEDC, a company with demonstrated leadership, expertise and experience. We look forward to working together to make the Ordos project a reality and to contributing to China's renewable energy goals and market development," said Sohn.
"We are very pleased to be partnering with First Solar, a global leader in solar PV technology, in developing the first significant solar project to adopt advanced thin-film technology in China," commented Han Qinghao.
The Ordos project represents the first large-scale solar collaboration between China and the United States and an example of China-U.S. bilateral cooperation on renewable energy.
About First Solar, Inc.
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. The company is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit http://www.firstsolar.com.
About China Guangdong Nuclear
Solar Energy Development Co., Ltd. of China Guangdong Nuclear Power Group (CGN SEDC) was established in August 27, 2009. As a wholly-owned subsidiary of China Guangdong Nuclear Power Group, CGN SEDC focuses on solar power investment, construction, operation and maintenance, and is actively involved in related industries. By the end of 2010, CGN SEDC completed construction of solar facilities capable of producing 20MW, and is currently in the process of constructing facilities with a capacity of 70 MW. For more information about CGN-SEDC, please visit http://www.cgnsedc.com.cn.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
SOURCE: First Solar, Inc. and CGN SEDC
China
Huang Xue
+8610-5816-2555
Xue.Huang@bm.com
or
First Solar, Inc.
United States
Alan Bernheimer
602-414-9361
media@firstsolar.com
or
Europe
Brandon Mitchener
+49-6131-1443-399
media@firstsolar.com
Tuesday, January 4, 2011
New Solar Idea in Asia
Japanese highway companies may rent space to solar panel makers and power producers to reduce the road operators’ debt, the Daily Yomiuri newspaper reported, without saying where it got the information.
The plan will focus on sparsely populated areas along the 9,000-kilometer (5,590-mile) national network, the report said. Companies renting the space may include solar panel makers Sharp Corp., Toshiba Corp. and Kyocera Corp., as well as Japan’s power companies, according to the newspaper.
Japan’s Ministry of Economy, Trade and Industry hopes to introduce by 2012 a system where electricity companies buy the full amount of renewable energy, including solar, produced by households and corporations, the report said.
Editors: John Viljoen, Clyde Russell.
To contact the reporter on this story: Stuart Biggs in Tokyo at Sbiggs3@bloomberg.net.
To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net.
The plan will focus on sparsely populated areas along the 9,000-kilometer (5,590-mile) national network, the report said. Companies renting the space may include solar panel makers Sharp Corp., Toshiba Corp. and Kyocera Corp., as well as Japan’s power companies, according to the newspaper.
Japan’s Ministry of Economy, Trade and Industry hopes to introduce by 2012 a system where electricity companies buy the full amount of renewable energy, including solar, produced by households and corporations, the report said.
Editors: John Viljoen, Clyde Russell.
To contact the reporter on this story: Stuart Biggs in Tokyo at Sbiggs3@bloomberg.net.
To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net.
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