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March 31, 2006

Ethanol shortage could up gas prices

USA Today Money comments about a potential for future increases in gas prices and also shortages in Ethanol.

"Gasoline prices will be unusually high and shortages might occur this summer, because the U.S. ethanol industry can't keep up with the demand for fuel-grade alcohol to mix with gasoline, the head of the U.S. Energy Information Administration told a Senate committee Wednesday." [ more ]

On Wednesday of this week the Senate Environment and Public Works Committee met to discuss ethanol as a substitute for MTBE, a clean-air additive in gasoline. This potential change will increase the cost of refining and also greatly increase the usage ethanol. Refiners currently use MTBE and are now are discontinuing it because MTBE can taint water supplies and Congress has refused to protect them from MTBE lawsuits. Ethanol is the only readily available substitute.

Veridium Receives Order to Increase Ethanol Production Efficiencies

Veridium Corp. (VRDM.OB) announced its receipt of an order from a Wisconsin based ethanol producer for the second stage of Veridium's patent-pending Corn Oil Extraction Systems(TM).

Veridium's proprietary new Corn Oil Extraction Systems(TM) extract high grade corn oil from an ethanol by-product called distillers dried grain ("DDG"). Currently, the majority of ethanol production is based on a dry milling technique that utilizes more than 1 billion bushels of corn to produce 3 billion gallons per year of ethanol. The dry mill process converts the starch from the kernel of corn into sugar and then the sugar into ethanol. The balance of the corn (non-starch components) then goes through a dewatering and dehydration process where the byproduct is sold as a commercial feed ingredient called DDG. DDG contains the majority of the corn oil that was present in the kernel. Today, the 1 billion bushels of corn currently used in the dry mill ethanol process contain roughly 300 million gallons of corn oil that is currently sold for about $0.03 per pound as commercial feed. The new Veridium technology presents another option - cost effective conversion of the oil in the ethanol by-product into biodiesel. [ more ]

March 30, 2006

Ceres Petitions Mutual Fund Companies to Consider Climate Change

TreeHugger.com points out that Ceres.org has sent out petitions and letters to Fidelity, Vanguard, and American Funds asking them to begin addressing the economic risks of climate change by supporting global warming shareholder resolutions filed with U.S. companies.

"In 2005, none of the three mutual fund companies supported such resolutions, which typically request that firms disclose the financial risks and opportunities of global warming and describe their strategies for managing those challenges" [ more ]

U.S. Air Force to Purchase Initial Cyberlux LED Systems

Cyberlux Corp. (CYBL.OB) announced that the Company has completed the contract requirements associated with the advanced solid-state LED security lighting system developed by Cyberlux for the United States Air Force. Based on the demonstration results of the Portable Covert Illumination System, the Air Mobility Battlelab completed the project briefing with A7 Air Mobility Command senior leadership and successfully transitioned the Watchdog System from field trials to procurement.

Cyberlux estimates that the USAF demand will exceed $1M initially and the demand from other military branches to exceed $5M for adapted versions of the BrightEye and Watchdog Systems. [ more ]

Beacon Power Delivers and Connects Smart Energy Matrix Flywheel Demonstration System in New York

Beacon Power Corp (BCON) announced that it recently delivered, installed and connected a scale-power Smart Energy Matrix demonstration system to the electricity grid in Amsterdam, New York. After arriving at the site, the system was connected and turned up to full power, and is now following and responding to live ISO-specified requirements to demonstrate frequency regulation. The project, jointly funded by the New York State Energy Research and Development Authority (NYSERDA) and the U.S. Department of Energy (DOE) Energy Storage Program, is the second such scale-power system Beacon has delivered, in addition to a similar system in California. [ more ]

GiraSolar Receives Sales Contract for $9 Million

Legend Investment Corp. (LVCP.PK) announced that it has received a sales contract and partial payment for approximately $9 million worth of solar modules. The company has confirmed an order for 2MW of modules.

The modules will be supplied to the customer from Q2/06 into Q4/06. The solar modules are part of a large grid-connected solar energy system which will generate returns from high feed-in tariffs for solar electricity. The system is located in Spain. [ more ]

Hydrogenics Warns of Production Delays

hygs_logo.gifHydrogenics Corp (HYGS) warned that due to production delays first-quarter revenue will fall below year-ago levels, and will miss Wall Street's target. The company said it expects revenue of between $4.5 million and $6.5 million, compared with the $11.3 million it posted in the prior year quarter. Analysts, on average, expect first-quarter revenue of $11.8 million. [ more ]

Shares of Hydrogenics have fell sharply over the last couple of days.

Cyberlux Awarded U.S. Government Contract for LED Solid-State Lighting

Cyberlux Corp. (CYBL.OB) announced that the Company has been awarded a United States government contract for energy saving lighting products through the General Services Administration (GSA) Federal Supply Schedule.

Under the terms of the Federal Supply Schedule contract, Cyberlux can now sell its solid-state light-emitting diode (LED) Aeon task and accent lighting products as a primary contractor to any U.S. Government purchasing organization. The GSA estimates $1 million in purchasing activity for Cyberlux in the energy savings task and accent category, based on prior contractor sales reporting. The contract period is March 2006 through March 2011. [ more ]

Tokyo Gas Evaluating FuelCell Energy's DFC(R) Products for Introduction to Customers of Its Energy and Industrial Gas Business Units

fcel_logo.gifFuelcell Energy Inc (FCEL) announced that Tokyo Gas has initiated a program to evaluate a Direct FuelCell® (DFC®) power plant for introducing these units to customers of its energy and industrial gas divisions.

The unit is currently located at Kawasaki Heavy Industries' factory in Akashi, Japan, where Tokyo Gas will evaluate the power plant under a variety of expected operating conditions focusing particularly on grid interconnection performance. Tokyo Gas has agreed to install this DFC300A power plant at its new R&D center in Tsurumi in the second quarter of 2006. [ more ]

March 28, 2006

Western Wind Energy Corp. Signs Turbine Supply Agreement with Mitsubishi Power Systems

Western Wind Energy (WNDEF.OB) announce that it has executed a formal turbine supply agreement with Mitsubishi Power Systems. Mitsubishi Power Systems will supply Western Wind Energy with an initial 15 one-megawatt MHIA 1000A wind turbine generators, for Western Wind Energy's 15-megawatt steel park wind project in Arizona for delivery of October of this year.

The turbine supply agreement further calls for the supply of up to an additional 900 megawatts of wind turbine generators for future projects. A delegation from Western Wind Energy will be traveling to Japan next month to inspect the new 2.4-megawatt Mitsubishi wind turbine generator that Western Wind hopes to showcase in North America. [ more ]

American Superconductor's D-VAR voltage regulation system to provide voltage and power factor control for UK based 35 megawatt wind farm

American Superconductor Corp. (AMSC) received an order for a D-VAR® voltage regulation system from Econnect Construction, a U.K. company specializing in grid connection for renewable energy sources. The D-VAR system will be installed in Scotland where it will provide voltage support and power factor regulation in a mixed hybrid solution designed by Econnect Construction for a 35 megawatt (MW) wind farm. AMSC expects to commission the D-VAR system in October 2006. [ more ]

Hydrogenics Provides Warning on First Quarter Revenue

hygs_logo.gifHydrogenics Corp (HYGS) warned that first-quarter revenue would be below expectations because of production delays in its OnSite Generation unit. Hydrogenics said it expects revenue of $4.5 million to $6.5 million during the quarter. The Company also anticipates that it will secure a minimum of approximately $7.0 million of new orders in the first quarter of 2006. [ more ]

Spire to Provide $6.75 Million Solar Cell Production Line

Spire Corp (SPIR) announced that on March 16, 2006, Spire entered into a Turn-Key Project Agreement to provide a privately owned solar firm, located in Europe, a commercially sized, multi-megawatt, turn-key Photovoltaic Cell Manufacturing Line for $6.75 million. The new cell line will be integrated with an existing production line. Solar cells are one of the key components used in manufacturing solar modules. [ more ]

March 27, 2006

Are You an Alternative Energy Professional?

As an AltEnergyStocks.com visitor, you've been invited to apply for a FREE one-year membership to the ChangeWave Alliance—the world's most unique investment research network.

If accepted for Alliance membership, you will get over $5,000 worth of investable research absolutely FREE! Members of the Alliance gain access to real-time, unbiased investment intelligence weeks ahead of the market.

Accredited members also get a FREE one-year subscription to Tobin Smith's ChangeWave Investing Advisory Service, plus exceptionally valuable research reports exclusively for Alliance members. In return, they participate a few minutes a month in surveys uncovering the latest technological and economic trends.

You will find the interaction stimulating; the feedback useful; the benefits valuable; and the time commitment minimal. Plus it's the most fun and rewarding membership of its kind. [ more ]

The Alliance is looking to expand their coverage in the AltE space and are looking for people that work in the industry.

ChangeWave Research Fuel Cells, Hydrogen, and Battery Technology Trends

The ChangeWave Alliance has produced a detailed look at the key trends for fuel cells and future battery technology. I have been given permission to post the abstract of this 13 page report.

Overview: This report focuses on key trends in fuel cells and hydrogen, along with battery technologies. The findings are from the Alliance's most recent alternative energy survey, completed February 10, 2006. A total of 121 members working in the alternative energy industry participated, including 25 working in companies involved with Fuel Cells.

Bottom Line: Respondents working in alternative energy believe that over the next two years the Fuel Cell sector will experience the biggest new technology breakthroughs in the industry. Moreover, when we look out five years, respondents also believe that Fuel Cells will experience the most rapid economic growth of any alternative energy sector.

We asked industry respondents to identify the fastest growing mid-tier companies within Fuel Cells for the next 12-24 months. We also asked respondents who work exclusively in Fuel Cells, to identify the company they believe will have the biggest market impact over the next 1-3 years. In both cases, the same three leaders were identified:

Fuel Cell Energy (FCEL)
Energy Conversion Devices (ENER)
Ballard Power (BLDP)

We note that respondents also think Energy Conversion Devices (ENER) will have the biggest market impact in Hydrogen Storage/Distribution and in Battery Technology.

What are the biggest barriers to more rapid adoption of Fuel Cells technology? Three-in-five who work in the Fuel Cell sector say 'The Cost of Fuel Cells is Too High vs. Other Energy Sources.' High Cost was also cited as the biggest barrier to more rapid adoption of hydrogen-related technology.

Where will Fuel Cells have the greatest economic impact over the next 3-5 years? More than half (52%) of respondents who work in Fuel Cell companies believe that it will have the greatest impact in Stationary Power for Buildings.

Here's a further look at additional key findings:

(A) Fuel Cells

  • Reasons for Rapid Growth. Respondents who think Fuel Cells will experience the most rapid growth over the next 5 years cited Technology Advances (37%) as the top reason why - followed by Cost of Energy/Short Supply (23%).
  • Palladium Seen As Alternative to Platinum. Respondents cited Palladium (28%) as the most viable alternative to the platinum catalysts needed for fuel cell reactions.

(B) Hydrogen Technology

  • Leading Hydrogen Packaging Technologies - Metal Hydride Tanks. In terms of packing large quantities of hydrogen in low-weight, low-volume systems, Metal Hydride Tanks (28%) are seen as having the best chance of succeeding in the marketplace over the next 3-5 years.
  • Electrolysis of Water vs. Steam Reformation. By a 2-to-1 margin, respondents also believe Electrolysis of Water (50%) will be the number one trend in hydrogen production for the next 3-5 years, with Steam Reformation of Methane/Natural Gas (24%) ranked second.

(C) Battery Technology

  • Lithium-Ion Polymer - Tops in Battery Technology. Fuel cell industry respondents rank Lithium-ion polymer (32%) and Lithium-ion (12%) as the battery technologies that will experience the highest growth rate over the next 3-5 years.

Summary of Key Findings

Fuel Cell Sector Well Positioned for Future Growth

Which Sector will Experience Biggest New Technology Breakthroughs in Next 12-24 Months?
Fuel Cells (27%, up 5-pts), Hybrid/Electric (27%, unchanged)

Which will Experience Most Rapid Economic Growth - Next 5 Years
Fuel Cells (25%), Solar (22%), Hybrid/Electric (20%)

Reasons for Rapid Growth in Fuel Cells
Technology Advances (37%), Cost of Energy/Short Supply (23%)

Where Will Fuel Cells Have Greatest Economic Impact in Next 3-5 Years?
Stationary Power for Buildings (52%), Aerospace/Military (24%), Automobiles (16%)

Fastest Growing Fuel Cell Areas
Proton Exchange/ PEM (44%), Solid Oxide (20%), Direct Methanol (16%)

Biggest Barriers to Rapid Adoption
Cost of Fuel Cells Too High vs. Other Energy Sources, Complexity of Technology/ Too Many Technical Hurdles Still Ahead

Leading Companies

Fastest Growing Fuel Cell Companies - Next 2 Years
Fuel Cell Energy (33%), Energy Conversion Devices (17%), Ballard Power (14%)

Biggest Market Impact - Next 3 Years

Fuel Cells
Fuel Cell Energy (28%), Energy Conversion Devices (24%), Ballard Power (24%)

Energy Conversion Devices (24%), Ballard Power (11%)

Battery Technologies
Energy Conversion Devices (45%)

Plug Power and GE Terminate Joint Venture

plug_logo.jpgPlug Power Inc (PLUG) announced that it is terminating a distribution joint venture with a unit of General Electric Co. and said a GE executive had resigned from its board.

Plug Power said it and GE MicroGen Inc. would terminate the GE Fuel Cell Systems joint venture. As a result, Plug Power can now sell its products to anyone without obligation to General Electric, the company said in a regulatory filing. [ more ]

Shares of Plug Power are down 1% in pre-market trading.

March 24, 2006

ECD Ovonics Selects Site for Its 50-Megawatt Solar Cell Manufacturing Plant

ecd_logo.gifEnergy Conversion Devices Inc (ENER) has announced plans to build a third solar cell manufacturing plant to be located in Greenville, Michigan.

In February the comapny approved plans to expand United Solar Ovonic's module manufacturing capacity to 300 megawatts (MW) by 2010. The first phase of the expansion plan includes the construction of the Greenville manufacturing facility with an annual capacity of 50MW, which is expected to be operational in calendar year 2007. United Solar Ovonic's existing 25MW production facility is located in Auburn Hills, Mich. In July 2005, United Solar Ovonic broke ground for a second 25MW production facility also located in Auburn Hills. [ more ]

Magnetek to Purchase Eighty, 5kW VRB Energy Storage Systems for Telecoms Market Applications

VRB Power Systems (VRB.V) announced that Magnetek's Telecom Power Systems Group (TPS) has entered into a Letter of Intent to purchase eighty 5kW VRB Energy Storage Systems to be sold to telecom market operators in the U.S.

VRB Power will supply the core-technology for the VRB-ESS units, which will generally include the overall design, cell stacks, electrolyte, tanks and the balance of the battery system, whereas TPS will be responsible for supplying the electronics, including the rectifier and controller, and assembling and integrating the components into finished VRB-ESS units. TPS will market and sell these VRB-ESS units to telecom market operators in North America. [ more ]

March 22, 2006

GiraSolar Secures Contract Estimated at $65m and Approves Forward Stock Split

Legend Investment Corp. (LVCP.PK) announced that it has secured a four-year supply contract for critical components allowing the company to sell an additional $16.5 million of GiraSolar branded modules based on current pricing in each of the next four years.

This contract with a major European cell manufacturer represents an anticipated total revenue value of approximately $65 million for the company over the contract period which extends from Q4 2006 into Q4 2010 and should enable the group to market almost 4MWp per year extra of its own GiraSolar brand of modules. The total revenue of $65M represents yearly revenue of approximately 16.5M$ per year for a period of 4 consecutive years starting in October 2006. [ more ]

The board also announced a reverse 5 for 2 stock split that will be implemented as soon as possible.

Elliott Energy, Northern Power Agree to Develop & Distribute Microturbine-based Products for Oil & Gas Market

prtn_logo.gifNorthern Power, a subsidiary of Distributed Energy Systems Corp (DESC), has signed an original equipment manufacturing (OEM) agreement with Elliott Energy Systems (Stuart, FL). The agreement gives Northern Power exclusive worldwide rights to incorporate Elliott technologies in the development of microturbine-based products for the oil and gas industry. Northern Power has also signed a distributor agreement with Elliott to sell and service its existing microturbine-based systems. [ more ]

SatCon Receives a Follow-on Order For a Second Rotary Uninterruptible Power Supply from NIST

satcon_logo.gifSatCon Technology Corporation (SATC) announced that it has received a follow-on purchase order for a second 2200 kVA Rotary Uninterruptible Power Supply (RUPS) on a government contract valued in excess of $1.1 million.

SatCon's StarSine(TM) Rotary UPS is designed to provide both high quality electrical power during normal operation, as well as prevent any interruption of electricity to critical manufacturing processes, telecommunication centers, data centers, and healthcare facilities in the event of power grid failures such as black-outs and brown-outs. The RUPS is connected directly to SatCon's patented flywheel for short duration power disturbances and is integrated with a diesel engine to provide a seamless transfer to provide long-term power in the case of an extended outage. [ more ]

Spire Corporation Reports Increased Revenues Driven By Strong Solar Equipment Sales

Spire Corp (SPIR) reported revenues for the year ended December 31, 2005 of $22,422,000, a 30% increase from $17,278,000 for 2004, not including $6,320,000 and $3,000,000, respectively, of gains recorded in 2005 and 2004 from the sales of licenses. Net income for 2005, including the gain on the sales of licenses in both 2005 and 2004, was $44,000 or $0.01 per share, compared with a net loss of $4,120,000 or $0.60 per share for 2004. [ more ]

Evergreen Solar Silicon Supply Woes

evergreen_logo.gifEvergreen Solar Inc (ESLR) shares were down 9% on Monday after their primary supplier of raw materials pulled out of a contract.

Evergreen Solar relies on granular silicon to make cells for solar panels. This silicon was supplied in part by MEMC Electronic Materials Inc. (WFR). MEMC previously agreed to supply Evergreen with 90 metric tons of granular silicon, but in January said it did not intend to ship most of the remaining balance of 53 metric tons. Evergreen plans to used its own crush chunks of silicon, but said it has not fully tested the process at commercial scale. [ more ]

Hydrogenics Awarded Contract to Supply Hydrogen Generators to China's Largest Energy Companies

hygs_logo.gifHydrogenics Corp (HYGS) announced that it has received orders to supply electrolysis-based hydrogen generator plants to two of China's largest energy companies.

China Electric Power Energy Group and China National Power have each purchased a HySTAT-A Hydrogen Plant, capable of producing 10 Nm3/h of high purity hydrogen at a pressure of 25 bar. In both cases, the hydrogen produced will be used to cool the generators in a coal-fired power plant. Delivery of both orders is expected to take place in 2006. [ more ]

WorldWater & Power Announces Significant Construction Milestone for California Project

Worldwater Corp (WWAT) announced that a major solar project had received inspection approval to begin generating full solar electric power - one of two irrigation systems being installed at a tree farm in Borrego Springs, California.

The tree farm project uses the patented AquaMax(TM) variable frequency drive (VFD) to power a 250 horsepower well pump. A second irrigation system, scheduled to be completed by the end of March, will drive a similar pump. Once fully operational, the entire $1.8 million project is expected to save an estimated 70% of the farm's electrical bills. [ more ]

March 21, 2006

Guinness Atkinson Set To Launch Alternative Energy Mutual Fund

Guinness Atkinson Asset Management, Inc., announced the upcoming launch of the no-load Guinness Atkinson Alternative Energy Fund, which will invest in companies involved in the production, distribution or storage of alternative energy, including energy conservation. The fund is designed as a vehicle for investors seeking to profit from and participate in the shift from conventional fuels to alternative energy sources.

The fund will invest primarily in companies that produce 50 percent or more of revenues from alternative energy and will be managed with an emphasis on value. Lead manager of the fund will be Tim Guinness, Chief Investment Officer of Guinness Atkinson, who also manages the Guinness Atkinson Global Energy Fund.

Guinness Atkinson has produced an in-depth, eight page research report called the Alternative Energy Revolution. This report provides an analysis of various alternative energy technologies and includes a discussion of the shift underway from conventional to alternative energy.

The anticipated launch date for the Fund is March 31. Investors wishing to learn more can request a prospectus and a copy of the Alternative Energy Revolution by calling 800 915-6565 or by visiting the GA Funds website. [ more ]

March 17, 2006

Quantum Delivers Hydrogen Hybrid Vehicles to Burbank

qtww_logo.gifQuantum Fuel Systems Technologies Worldwide Inc (QTWW) announced the delivery of five hydrogen-fueled Toyota Prius hybrid vehicles to the City of Burbank, California. This is part of a larger South Coast Air Quality Management District (AQMD) program to develop and demonstrate 30 hydrogen hybrid vehicles to fleets in Southern California. The formal delivery will take place during a ceremony to be held today at the City of Burbank's Public Works Yard.

Under contract to the AQMD, Quantum engineered a state-of-the-art OEM-caliber hydrogen fuel system, optimized the performance of the vehicle system, completed accelerated long-term durability testing, and performed crash testing, to verify the design of the vehicles. [ more ]

Ovonic Hydrogen Hybrid Vehicle Begins Fleet Testing at South Coast AQMD

ecd_logo.gifEnergy Conversion Devices Inc (ENER) has now started fleet testing at the South Coast Air Quality Management District (AQMD) in Diamond Bar, California.

A project of Ovonic Hydrogen Systems LLC, a subsidiary of ECD Ovonics, the advanced vehicle is a high-profile test bed designed to prove that hydrogen hybrids can be practical in daily life. The high-tech vehicle also serves to showcase Ovonic® solid metal hydrogen storage technology. Based on a production gasoline-electric hybrid model, it is part of a five year, $7 million multi-vehicle hydrogen hybrid demonstration at AQMD. [ more ]

Plug Power Announces New Agreements With Honda for Next Phase of Home Energy Station

plug_logo.jpgPlug Power Inc (PLUG) announced two new agreements with Honda R&D Company, Ltd. of Japan to continue expanding the companies' collaborative efforts.

The first of the new agreements covers the fourth consecutive phase of joint development of the Home Energy Station. The Home Energy Station is a fuel cell system that provides electricity and heat to a home or business, while also providing hydrogen fuel for a fuel cell vehicle. The companies completed the previous phase in November 2005 with the successful commissioning of the third-generation Home Energy Station at Honda R&D Americas' facility in Torrance, Calif. This third-generation system is 30 percent smaller in size than its predecessor, with 25 percent more power output, more hydrogen storage capacity, higher efficiency and significantly faster startup time. [ more ]

March 16, 2006

Equitex Completes Acquisition of Hydrogen Power, Inc.

Equitex, Inc. (EQTX) announced today that it has completed the acquisition of Hydrogen Power, Inc. ("HPI") through a newly formed Equitex subsidiary which will be the surviving entity and renamed Hydrogen Power, Inc. HPI is now a wholly owned subsidiary of Equitex which controls all of HPI's licensed intellectual property rights to patented hydrogen generation technology in the United States, South America, Mexico and Canada. [ more ]

Is XsunX (XSNX) Being Manipulated?

xsnx_logo.gifHans Deuel at Clearfish Research presents some very good concerns about the possible manipulation of the shares of XSUNX Inc. (XSNX).

I've received a number of comments about XsunX, all from the same person. I decided to look into them. They are working on transparent solar cells, have a weird history, and a weird structure. The only technological information I can find on them is all paid advertising (from IPODesktop and others) masquerading as research. Each of their press releases are misleading. They offer one key statement, and then go on about intentions. For example, the latest one has the phrase "...has begun the construction of a mass production system...". That seems to imply, and is likely intended to give the impression, that commercialization and mass production is around the corner. But all that it really says is that they broke ground on a new building or something. They made some statements in 2004 about technological developments (4% conversion efficiency), but nothing technological since then. By the way, what they claim to mean by "4% efficiency" is "4...Watts of direct current...per square foot of PowerGlass film" [here, page 5], which is not the definition of efficiency, which is always a measure of power out versus power in. [ more ]

If you are a current investor in XSUNX you would be well served to read Han's blog entry and consider his research as part of your buy/hold/sell decisions about this company.

Back on November 11th I purchased shares of XSUNX for my personal portfolio. At that time I wrote the following entry.

XsunX is a development stage company that I have profiled in the past. Since I started following this company I have seen many other people pick up on their story as well. This stock is a penny stock and we will not see some serious stock appreciation until they finish the development of Power Glass. You should consider this one highly risky if you want to add it to your own portfolio. I see the purchase of this stock as a nice gamble for a long term hold. The big win is once they finish development of Power Glass and either go into production or are acquired by a larger company. I don’t see this happening for several years. [ more ]

As I said when I purchased shares, this company (and stock) is highly risky. Penny stocks have a habit of going bad quickly so you need to be careful.

Since then my holdings are now up over 500%. I sold half of my holdings at the 200% gain mark so right now all I have left in this company is the house money.

I was fully expecting this stock to be dead money until they start producing some products. However, the stock has been moving steadily higher on the promise of what is to come. As Hans states, this is risky territory. I will continue to hold for now.

March 15, 2006

Evergreen Solar Announces $125 Million Distribution Agreement With Donauer Solartechnik

evergreen_logo.gifEvergreen Solar Inc (ESLR) announced that it has entered into a multi-year supply contract with Donauer Solartechnik, a German-based solar power distributor. The agreement calls for Evergreen Solar to ship approximately $125 million of photovoltaic modules to Donauer over the next four years, based on current exchange rates. [ more ]

The German solar market is currently the largest market in the world and these types of partnerships are critical to getting a foothold into that marketplace. The shares of ESLR are currently trading up over 3% today on the news.

NanoLogix Announces Completion of Welch's Hydrogen Bioreactor Facility and Commencement of Hydrogen Production

NanoLogix Inc. (NNLX.PK) announced today that the Company has completed the construction of its first commercial hydrogen bioreactor facility at a Welch's Food plant in North East, Pennsylvania. The company also announced that the facility will begin hydrogen generation from Welch's waste organic matter on or about the first of April 2006.

The technology behind the hydrogen bioreactor, developed and patented by NanoLogix in coordination with the Gannon University Department of Environmental Science & Engineering, allows for the limitless production of hydrogen from organic containing waste waters and any waste organic materials, such as sewer water, ground up garbage, etc. [ more ]

Lighting Science Group Announces First Purchase Order for Lighting Science's Low Bay Lights for Use in Parking Garages

Lighting Science Group Corp. (LSGP.OB) announced an order for 1,000 of Lighting Science's Optimized Digital Lighting(TM) (ODL(TM)) Low Bay lighting fixtures from Amtech Lighting Services, an ABM Industries Incorporated subsidiary, which is one of the nation's largest lighting management companies. Lighting Science expects to begin shipping the products during the second quarter for installation in select garages operated by AMPCO System Parking, another ABM subsidiary, and in AMPCO client garages.

The nation's estimated 40,000 garage facilities provide an excellent platform for Lighting Science to launch their low bay fixtures given the high cost of electricity and the demand for energy efficient lighting, particularly in the garage sector which usually operates on a 24/7 basis. [ more ]

Plug Power announces S. Korea distribution for GenCore fuel cells

plug_logo.jpgPlug Power Inc (PLUG) announced agreements with LoganEnergy Corp. and Pacific Telepoint Inc. to distribute its GenCore product line to customers in the United States and South Korea, respectively.

These new distributors will be targeting customers in the telecom, utility and public sectors, where the need for reliable, extended-run backup power is critical. [ more ]

NAI Global and WorldWater & Power Team to Provide Building Owners with Cost-Saving Solar Energy Services

Worldwater Corp (WWAT) and NAI Global have signed an agreement to introduce their solar energy technology to the NAI Global network of commercial property managers and clients.

NAI Global will work with WorldWater & Power to identify prospects for the purchase of equipment, electric power or services from WorldWater & Power, a developer and marketer of proprietary high-powered solar systems. In addition, NAI Global may aid in purchase negotiations and governmental approvals necessary for the construction of projects. [ more ]

Lighting Science Group Enters into Distribution Agreement for Its Low Bay Lights in Asia, Australia and New Zealand

Lighting Science Group Corp. (LSGP.OB) announced that it entered into an agreement with OptiLED Holdings Co. Ltd. ("OptiLED(TM)") for distribution of Lighting Science's Optimized Digital Lighting(TM) (ODL(TM)) Low Bay fixtures in the People's Republic of China (including the Hong Kong and Macau special administrative regions), Taiwan, Japan, Korea, Australia, and New Zealand. The terms of the agreement include payment by OptiLED to Lighting Science of a royalty fee per unit sold within the countries covered by the agreement. The Low Bay LED fixtures replace a wide range of older, inefficient lighting technologies in many types of commercial, industrial, educational, retail and municipal applications -- facilities that consume increasingly expensive electricity on up to a 24X7 basis. [ more ]

Spire's solar cell manufacturing line rolling for Italian firm

Spire Corp (SPIR) announced that it has delivered and installed a multi-megawatt, turnkey photovoltaic (PV) module assembly line for PA. SOL Italia S.p.A. of Varallo Pombia, Italy. The assembly line has been commissioned and is now producing PV modules.

The advanced PV module manufacturing production line from Spire includes automated equipment for solar cell stringing and lay-up, lamination, and module testing. [ more ]

Global wind energy capacity seen tripling by 2014

The global wind energy industry is expected to enjoy continued strong growth in coming years with total installed capacity seen more than tripling from current levels by 2014, an industry survey showed on Tuesday. Over the next eight years, international installed capacity is expected to increase to about 210,000 megawatts from today's installed total of about 59,000 megawatts, a study by the German Wind Energy Institute (DEWI) showed. [ more ]

ChangeWave Research Alternative Energy Trends Report

As promised earlier this week, I have been given permission to post the abstract of the ChangeWave Research Alternative Energy Trends report. I work for the publishing company that produces the ChangeWave services and have been involved with ChangeWave from the beginning. I am also an Alliance member. The ChangeWave Alliance is a group of about 5,000 industry insiders and professionals that are regularly surveyed to track economic and investment trends in various sectors of the market. You can learn more about ChangeWave at their newly redesigned website.

If you are currently an alternative energy professional and want to learn more about joining the ChangeWave Alliance, please feel free to send me an e-mail or leave a comment below.

And the Winner Is? Hybrid/Electric Leads for 2006 while Solar Shows Momentum - But 5 Years Out it's Fuel Cells

Overview: During the week of February 7-10, 2006 we conducted a survey of Alliance members who work for companies involved in the Alternative Energy industry or who are knowledgeable in the field. A total of 121 Alternative Energy Industry members participated, along with 804 members knowledgeable about the industry.

Bottom Line: Alternative Energy Industry respondents still believe Hybrid/Electric Vehicles will experience the most rapid economic growth over the next two years, but the current results show the Solar Sector ranks second and has picked up the most momentum since our October 2005 survey.

What about 5 years out? Industry respondents believe the Fuel Cell sector will experience the most rapid economic growth over the next five years - with once again the Solar Sector ranking second.

We asked industry respondents to identify the fastest growing mid-tier companies within various alternative energy sectors for the next 12-24 months. Here are the leading companies identified by sector:

Hybrid/Electric Sector: Energy Conversion Devices (ENER);
Fuel Cell Sector: Fuel Cell Energy (FCEL) and Energy Conversion Devices (ENER);
Solar Sector: Evergreen Solar (ESLR);
BioMass Sector: Archer Daniels Midland (ADM).

We also asked industry members how long they believe it will take for key Alternative Energy breakthroughs to reach commercial viability. Here are the consensus estimates:


Other Key Findings:

  • Most Rapid Economic Growth - Past 12 Months. Alternative Energy Industry respondents cited Hybrid/Electric Vehicles (60%) as having experienced the most rapid economic growth over the past 12 months - up 7-pts since our previous survey. Importantly, number two Solar Energy (34%) has more than doubled during this time.
  • Impact of Rising Energy Costs during 2006. Not surprisingly, the vast majority (92%) of industry respondents think rising energy costs will drive significantly more investment to alternative energy in 2006 - with Hybrid/Electric Vehicles (28%), Solar (27%) and Biomass (26%) benefiting most.
  • Higher Fossil Fuel Price Assumptions. Twenty-eight percent (28%) of Industry Respondents report their company's business plan now assumes Significantly Higher fossil fuel prices for the next 5 years - up 8-pts since October 2005. Another 41% say their company assumes Somewhat Higher fossil fuel prices.
  • Biggest Technology Breakthroughs - Next 12-24 Months. Industry Respondents believe Fuel Cells (27%) and Hybrid/Electric Vehicles (27%) will experience the biggest new technology breakthroughs over the next 12-24 months.

Summary of Key Findings

Alternative Energy Sectors - Most Rapid Economic Growth

Past 12 Months
Hybrid/Electric (60%; up 7-pts)
Solar (35%; up 19-pts)

Next 12-24 Months
Hybrid/Electric (49%; up 1-pt)
Solar (39%; up 12-pts)

Next 5 Years
Fuel Cells (25%; down 6-pts)
Solar (22%; up 10-pts)

Breakthroughs Closest to Reaching Commercial Viability
Dramatic Expansion in Ethanol Production - 2011
Development of Highly Advanced Battery - 2012
Solar Cells Become Affordable Enough to Be Commercially Viable - 2014
Development of Mass Produced Hydrogen-Fuel Cars - 2018
Rising Energy Costs Driving Investment into Alternative Energy in 2006

Who Will Benefit Most?
Hybrid/Electric (28%)
Solar (27%)
Biomass (26%)

Fastest Growing Mid-Tier Alternative Energy Companies

Hybrid-Electric Sector: Energy Conversion Devices (ENER)

Fuel Cells Sector: Fuel Cell Energy (FCEL), Energy Conversion Devices (ENER)

Solar Sector: Evergreen Solar (ESLR)

BioMass Sector: Archer Daniels Midland (ADM)

March 10, 2006

Lack of Posting

You may have noticed that I have not been posting to this website very frequently for the last couple of weeks. During this time I have been working very hard at my day job launching a redesigned website. Working 12+ hour days for the last couple of weeks has put a toll on my free time. But I'm glad to say that we launched the new site yesterday and I should be able to pick backup again soon.

For those of you interested, here is a link to the new site that has taken all of my time. [ more ]

I also have some additional good news, the site mentioned above has created some special reports on Alternative Energy Investing and I have been given permission to post the findings here next week. So stay tuned.

March 06, 2006

Wells Fargo Publishes Report on Alternative Energy Investing

Joel Makower points to a special report published by Wells Fargo Private Client Services "Identifying the Opportunities in Alternative Energy" (PDF.)

It is a good primer on alternative energy resources (hydro, wind, solar, hydrogen, biomass, and -- yes -- nuclear), along with an analysis of their respective advantages, disadvantages, and outlooks. [ more ]

Worldwater & Power Corp. to Provide Solar Electric System for Richard Stockton College of New Jersey

Worldwater Corp (WWAT) announced the signing of an agreement to install a solar electric power system on the campus of Richard Stockton College of New Jersey in Pomona.

The project involves the installation of the photovoltaic system on the roof of a new building that houses faculty offices and academic space. The project is a collaborative effort between WorldWater & Power Corp. and Eastern Energy Services of Southampton, N.J. WorldWater & Power will provide engineering, materials and equipment required to complete the project in accordance with the proposal. [ more ]

EPOD Announces 100 Kilowatt Solar Install Has Begun

EPOD INTL INC (EPOI.OB) announces that construction of the 100-kilowatt solar power installation previously announced on September 13, 2005, has begun. Phase-One of the turn-key, solar power system for a German agricultural client is projected to be completed within the next two weeks. The system will begin generating renewable energy for sale to the local electric utility under a 20-year power purchase agreement immediately upon completion, and has an estimated lifespan of a minimum of 40 years. The power purchase agreement is part of a federal government energy program whereby residential, commercial, and industrial power users are encouraged to utilize renewable energy to reduce, and ultimately eliminate, Germany's dependence on fossil fuel-based and non-renewable power. As both electric power demand and prices continue to increase, it is Management's opinion that demand for EPOD's solar power systems will grow correspondingly. [ more ]

« February 2006 | Main | April 2006 »

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