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December 27, 2005

Solar and the long tail

Rob Day over at Cleantech Investing has started a series of "Year End Thoughts" on various cleantech investing topics. His first one deals with Solar and is great read. [ more ]

December 23, 2005

DynaMotive Announces MOU with Mitsubishi Canada Limited for Marketing and Distribution of Dynamotive's Fast Pyrolysis Technology

DynaMotive Energy Systems Corp. (DYMTF) announced today that the Company and Mitsubishi Canada Ltd., have entered into a wide-ranging Memorandum of Understanding ("MOU") which expresses their mutual intentions to develop definitive agreements for marketing and distribution of DynaMotive's patented technology in Canada and internationally. [ more ]

Clean Break has more to say about this agreement as well. [ more ]

This is the second MOU announcement they have made in the last month and it looks like something is happening here. This stock has been moving strong this last month and it has piqued my interest. I will have to take a closer look at it and I have added it to my potential buylist.

dymtf_20051223.png

Hydrogenics Signs Deal with GM and Receives a $8 Million Order from Military

hygs_logo.gif Hydrogenics Corp (HYGS) has issued two press releases today.

First they have received a series of purchase orders from General Motors Corporation for fuel cell test services anticipated to be delivered in 2006. HYGS gave GM common share purchase warrants as part of an agreement in 2001. The proceeds for the new testing contract were used to re-purchase these warrants back from GM. [ more ]

HYGS also announced that it has been awarded a US$8 million Fuel Cell contract for multiple units of its HyPM® 500 Series Fuel Cell Power Modules from a world leading military OEM. The power modules, representing in aggregate over 600 kW of power capacity, will be delivered over a two year period starting in 2006. The modules will be used for an undisclosed application. [ more ]

The GM news will not really affect the bottom line profits for the company, but I view this action as a inventive stock buyback plan. I'm always happy when a company is willing to purchase their own stock. The news regarding the $8 million is also very good for the company, albiet it is a little vague on details. If they are selling to an undisclosed foreign military that the world community is not happy with (i.e. North Korean, Iran, etc.), then this could cause some major grief in the future.

The markets also like this news this morning. The stock is currently trading up over 14% pre-market.

December 22, 2005

Shares of Carmanah Purchased

Wouldn't you know it, right after I posted about this company and complained that I couldn't buy it, I checked my brokerage account to see if there was any movement to my open market order. Well the IntraWeb gods must have been smiling on me, I got a partial fill in my personal account.

So I now have a small stake in Carmanah Tech Corp (CMH.V) at a price of $3.0525.

Maybe I should post my complaints more often :-)

DISCLAIMER: I am not a registered investment advisor. The information and trades that I provide here are for informational purposes only and are not a solicitation to buy or sell any of these securities. Investing involves substantial risk and you should evaluate your own risk levels before you make any investment. Past results are not an indication of future performance. Please take the time to read the full disclaimer here.

Carmanah Awarded $1 Million Contract to Build Canada's Largest Solar Power System

Carmanah Tech Corp (CMH.V) announced that the Company has received a letter of intent confirming a forth-coming contract in the amount of $1,000,196 from the City of Toronto for a 100 kW solar power system to be installed on the roof of the Horse Palace at Exhibition Place.

Carmanah will install a state-of-the-art 100 kW solar power system on Exhibition Place that is tied to the conventional electricity grid. The system uses high efficiency solar modules and a unique penetrationless racking system. An educational display in the lobby will show the public how much power is being produced, environmental conditions as well as historical system performance data. It is estimated this system will reduce the annual carbon dioxide emissions of this facility by approximately 94.7 tonnes per year. [ more ]

Tyler at Clean Break was able to interview the company for a Toronto Star article and has more details at his website. [ more ]

When you read Tyler's post you will notice he loves this company. What's not to love when you find a small company like this that is making money and showing profits. I would love to own this company as well.

I have been trying off and on for a couple of months to buy the stock here in the US. The stock trades locally as a pink sheet ( CMHXF.PK ) but has zero volume. I have called my broker and they will be willing to purchase the stock via the Vancouver exchange, but at a cost that is prohibitive.

The good news is that the company is making plans to move to a major Canadian exchange soon which may help increase the ability to purchase the stock.

WorldWater & Power Corp. Signs $1.145 Million Contract to Provide Solar Power for California Embroidery Plant

Worldwater Corp (WWAT) announced that it has signed a $1,145,800 contract to build and install a solar electric power generation system for Quality Embroidery in Los Angeles, California. The photovoltaic (PV) system will provide electricity for the company, and is expected to substantially reduce electrical usage costs for the facility.

With the signing of this contract, on top of its earlier announced 2005 contract backlog of $23 million, the Company issued Revenue Guidance for 2006, projecting Revenue of $25 million to $35 million. [ more ]

I have tracked World Water for a while and I recently received a question about my thoughts on this company. The good about this company is that I like the businesses they are in (both Water and Solar.) They have created a nice niche for themselves in selling solar powered pumps to the agricultural industries. They are also trying to branch out into pure solar installations as well, as referenced in the press release above. Another plus is that they appear to be a fully SEC reporting company. This helps a great deal when your doing due diligence on these small companies.

This company should be considered very risky and is a true penny stock. They have a very negative trend when it comes to profits and the losses have been growing each year. A quick check of the insider transactions shows that there is nothing but selling. This is never a good sign.

The biggest problem I have with this company is that its very popular with many of the penny stock pump-n-dumpers. You will frequently see this name on various spam e-mails touting the stock when it gets down into the 10-20 cent range. It will quickly rise up and then sell off again.

If you are a trader, this maybe one of those times that you can play this stock since it is at the lower end of this cycle.

Like I said, I like the business model but for me personally, I'm staying away from this company until they change their loosing direction.

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December 20, 2005

Honda to mass-produce solar cells

honda_logo.gifHonda Motor Co (HMC) plans to start mass-producing solar cells in 2007, eyeing growing demand for environmentally friendly energy sources. They will build a new factory for thin-film solar cells on the site of a car plant in Kumamoto. The company aims to generate annual sales of $40 million to $70 million from solar cells once the factory's output reaches full annual capacity of 27.5 megawatts, enough to power about 8,000 households. [ more ] &mdash via Clean Break

December 16, 2005

Enova News Updates

Enova Systems Inc (ENOV) announced that it has entered into a joint School Bus program with a major North American Truck Manufacturer. The School Bus project will feature Enova's post transmission 80 kW Hybrid Drive System and has the potential to lead to future production in 2006 and beyond. [ more ]

They have also recently announced a partnership with First Auto Works (FAW) of China to supply their 80kW Parallel Hybrid Drive system for "Hybrid City Bus."

FAW is the largest automobile manufacturer in China and with its expertise in not only buses, but also automobiles and trucks, allows Enova a major opportunity to capture additional market share for both light and heavy-duty vehicles throughout China and other parts of Asia. [ more ]

SunPower Announces $330 Million Global Solar Supply Agreement with PowerLight

SunPower Corporation (SPWR) announced its largest ever product supply contract. The supply agreement with PowerLight Corp., a global solar systems provider, calls for the delivery of $330 million of solar panels from 2005 through 2009. SunPower's industry-leading products will be incorporated into PowerLight's advanced solar power systems for commercial, government and new home residential customers worldwide. [ more ]

SunPower is trading up over 6% today on the news.

December 15, 2005

BMW Steam Hybrid Car

BMW is unveiling its turbosteamer hybrid engine, which uses the excess heat in the exhaust system and reclaims 80% of it by powering a steam engine that assists the gas engine. Overall, this gives a 15% more efficient engine; and significant additional performance (power and torque) with practically no downside. [ more ] (via /.)

FuelCell Energy Beats Earnings Estimates

fcel_logo.gifFuelcell Energy Inc (FCEL) reported 4th Quarter earnings of a net loss of $0.40 per share. This is $0.02 better than estimates. However the revenues for the year are 10% less than expected.

The focus for the next year is continue to penetrate into markets where they currently have business.

FuelCell Energy and its distribution partners continue to penetrate repeatable markets worldwide. The Company believes initiatives already underway establish a strong platform for heading into Fiscal Year 2006. In developing repeatable markets, the Company has installed or in backlog approximately 23 megawatts that extend across key industry sectors and important geographic regions.

Megawatts installed or in backlog in significant geographic markets:
-- Japan/Korea -- 8.25 MW
-- California -- 7.00 MW
-- Europe -- 4.25 MW
-- Other U.S. -- 4.50 MW

Megawatts installed or in backlog in key repeatable market applications:
-- Wastewater Treatment -- 4.25 MW
-- Hotels/Hospitality -- 2.75 MW
-- Manufacturing-- 2.25 MW
-- Government/Institutional -- 2.25 MW

Focus for 2006

FuelCell Energy's product availability and performance, meeting of customer expectations, growing repeatable business, continuing cost reductions and strong financial condition position the Company to increase sales to these growing markets. [ more ]


The stock is currently flat in pre-market trading, but I would not be surprised to see it trade down on the news due to the miss on revenue estimates. The company has been working hard to reduce expenses and it looks like they have been successful by reducing their losses. But they still need to concentrate on getting new customers and installations. The stock has been trending down recently but has some support at the $8 level. I may add to my position in this stock if we see some weakness in the stock today.

fcel_20051215.png

Suntech Power Holdings IPO Starts Trading

Shares of Suntech Power Holdings Co. Ltd. (STP) started trading yesterday and the stock closed with a 34% gain on the day. Suntech is a solar PV manufacture based in China's Jiangsu Province. They plan on using this cash infusion to expand manufacturing capacity and to research ways of lowering the cost of producing silicon solar cells.

This stock is one way to purchase shares in two hot areas right now (Solar and China.)

I'm not able to purchase shares in this company yet for the mutual fund since Marketocracy doesn't list this company yet. I'm currently heavily weighted in solar shares in my personal portfolio and I am holding off on purchasing this company for now.

December 14, 2005

FPL Group in Talks to Buy Constellation Energy Group

fpl_logo.gifFPL Group Inc (FPL) is currently in the advanced stages of negotiations to acquire Constellation Energy Group (CEG). An FPL-Constellation merger would create a giant East Coast-based utility with a market capitalization, based on Tuesday's closing stock prices, of $26.97 billion - $16.93 billion for FPL and $10.04 billion for Constellation.

Constellation Energy Group is based out of Baltimore Maryland and is the holding company for Baltimore Gas and Electric. They also have an extensive presence in the wholesale power supply and generation business. The Power Generation Division currently uses 4.6% alternative sources for power generation.

piechart_fuels.gif

FPL has a strong commitment to alternative energy generation and is one of the largest utilities in the US utilizing extensive wind farms. CEG has a large footprint in Nuclear power generation and the combination of these two companies would make a top-tier producer of power generation for the East coast markets and a potential of 30,000 megawatts of power generation. CEG also gives FPL the ability to enter the wholesale supply side of the power generation business.

Typically you would see shares of the acquiring company down and shares of the acquired company up with this type of announcement. The market is liking this potential merger and CEG is up over 7% and FPL is also trading up 0.6% this morning.

December 13, 2005

Hydrogenics Sells Hydrogen Refueler to Korean Gas Technology

hygs_logo.gif
Hydrogenics Corp (HYGS) announced that it has sold a hydrogen reformer and refueling system to Korean Gas Technology Corporation (KOGAS-Tech). The reformer will generate hydrogen by reforming natural gas and will be installed at the Korea Gas research and development facility in Incheon, near Seoul. The hydrogen produced will be used for refueling vehicles.

The reformer will be able to generate 65 kilograms of hydrogen a day, which is enough to refuel approximately 20 fuel cell powered vehicles. The reformer and refueling system is anticipated to be delivered and installed by June 2006. [ more ]

XsunX, Inc. Secures $5 Million Financing

xsnx_logo.gifXSUNX Inc. (XSNX) announced that it has accepted $5,000,000 in financing from Cornell Capital Partners, LP to help drive the continued development and growth of the Company.

Under the terms of the new financing, the Company would begin receiving the influx of growth capital immediately allowing for a more rapid acceleration of R&D and the initiation of business development efforts. [ more ]

Adam Curry's Bio-Diesel

The Podfather (ex-MTV VJ) Adam Curry gives details about his new Bio-Diesel Benz on his most recent podcast. [ more mp3 file ]

If your not familar with podcasting, you don't know what your missing. Here are some links for you here, here, and here.

There is also a great podcast produced by The Watt that provides updates on Alternative Energy and Cleantech.

December 06, 2005

Calpine Delisted from NYSE

The New York Stock Exchange has officially delisted Calpine Corp. and the stock is now currently trading over-the-counter as a pink sheet with the following ticker: CPNL.PK.

Capstone Introduces a New Generation of MicroTurbine Energy Systems

Capstone Turbine Corp (CPTC) announced that next month the company will begin shipping an enhanced line of 65-kilowatt microturbine models that will replace its popular C60 series of power and heat generators.

The new natural gas fueled C65 and C65-ICHP (with factory-integrated heat recovery) will deliver higher electrical and thermal output without any change to the product's weight and dimensions, which are much lighter and more compact than similar capacity generators. This reduces footprint requirements and enables greater flexibility in indoor, outdoor and rooftop setting. [ more ]

Capstone also released news that the new C65 model will also be retrofitted so that it can use waste gases from landfills and sewage treatment plants as an alternative to natural gas. The stock gapped up this morning over 6% and looks like it is trading nicely off the current near-term support levels of $3.50.

cpst_20051206.png

I will be adding to my current holdings of this stock this morning in the Marketocracy mutual fund. This will bring my total up to 2/3rds of my planned holdings for this stock.


December 05, 2005

United Solar Ovonic to Supply Solar Products for the World's Largest Solar-Powered Residential Community

ecd_logo.gifEnergy Conversion Devices Inc (ENER) announced that it has signed an agreement with Actus Lend Lease to supply 7MW of photovoltaic (PV) products. The solar network will pump clean energy into the Army's power grid and is designed to reduce dependence on fossil fuels by 30 percent for the entire complex of 7,894 new and renovated homes that Actus Lend Lease plans for Army families on Oahu. The captured energy also will help power 11 community centers and maintenance offices that will be built among the new and renovated homes. [ more ]

The stock is trading up over 5% today on this news.

Li-ion Motors and Frito Lay Ink Deal

051205_01.jpgLi-ion Motors. (HYBT) has inked a deal with Frito Lay to provide Hybrid Technologies' Lithium vehicles as part of their fleet sales program.

Frito Lay has agreed to purchase and take delivery of the Lithium Mini Cooper model as well as the Daimler Chrysler Smart Car Lithium version. The first deliveries are scheduled for the first quarter of 2006. These vehicles will be part of Frito Lay's Hybrid fleet and the corporation's commitment to "green philosophy" as well as its well known philosophy of working with the latest in American technology. [ more ]

You would have thought that Frito Lay would have gone for a Bio-Diesel solution :-)

December 02, 2005

Millennium Cell Awarded U.S. Army Hydrogen Battery Contract

mcel_logo.gif
Millennium Cell Inc (MCEL) announced that it has been awarded a Phase I Small Business Innovation Research Program contract by the U.S. Army Tank-automotive and Armaments Command. The Company will assess the feasibility of operating its hydrogen battery technology in conjunction with a 5kW PEM-based fuel cell using water containing a variety of impurities. Preliminary tests conducted by Millennium Cell suggest salt water and other non-potable water may be adequate for use with the Company's Hydrogen on Demand® technology. [ more ]

XsunX Adds New Manufacturers to Products Development Program

xsnx_logo.gifXSUNX Inc. (XSNX) is working with current manufactures of glass and thin-film products so that they can incorporate their PowerGlass technology into future R&D plans for the manufactures.

The Company is providing these manufacturers with samples of Power Glass thin films and plans to adapt the on-going results of these working relationships into its manufacturing process line to meet the needs of its future licensees. [ more ]

XsunX has been getting a great deal of press recently and it looks like the PR engine is going full steam. They are also featured in a Business 2.0 article about their technology. [ more ]

What we are not seeing is news about the next phase of development, or even news of prototype production. This is why the stock is still sitting at its current price range. I still think the stock is fairly priced at this level and may consider adding a second third down here.

Calpine Given Notice

Calpine Corp. (CPN) shares are down another 20% again today and are now down in the 20-30 cent range. They were given notice today by a Delaware judge that they have until January 22 to repay $313 million owed to bondholders. [ more ]

Moody's has also downgraded their corporate bonds to junk bond Ca stauts (10 levels below investment grade.) [ more ]

Calpine was kicked out of the S&P 500 recently and now they are looking like they will declare bankruptcy. Boy the hits just keep on coming.

December 01, 2005

An X-Prize for Alternative Energy?

I read several financial sites and feeds throughout the day and I have an entire section devoted to various stock blogs in my Bloglines feed reader account. A post on Andrew Tobias's website today really caught my attention where he was talking about his $100,000 “idea� contest.

In response to the $100,000 “idea� contest, Alan Q writes: “Here’s mine and it’s a damn fine idea. Building on the success of the X Prize in reusable spacecraft: Expand government funded X Prizes in areas where innovation is vital to the nation's economic future and national security. For example:
  • $40 billion in cash and 20-year federal tax forgiveness (both can be adjusted) to the first automobile company that puts a million hydrogen-based cars in the hands of consumers. The company must demonstrate that it is covering the cost of production in the price it charges.
  • $10 billion in cash and 20-year federal tax forgiveness to the first developer that builds and fills (at least) a 500-home development that is completely powered through renewable energy (solar, wind, etc). Again, it must be shown that the price of the homes truly reflects costs.

“These are just a couple of ideas where these kinds of prizes would spur innovation, yet the cost to the government would be, relatively speaking, pocket change. I can imagine a blue-ribbon panel that identifies which of these contests would be the most useful. (Remember, these are just examples.)� [ more ]
Well I thought that was sure genius and wanted to bring it to your attention. Think of the impact of taking this type of concept to the next level. An X-Prize for Alternative Energy! Ok Carmack, are you up to the task?


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