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May 26, 2006

Xantrex solar inverters to be installed in 450-unit housing development

Xantrex Technology Inc. (XTX.TO) will install 450 Xantrex GT Series inverters in conjunction with its SunTile solar electric panels to support the electrical needs of the homes. The solar electrical systems will offer homeowners a solution to reduce electrical costs and at the same time reduce emissions from fossil fuel electrical generation.

Developers are seeing an increase in demand for renewable power solutions and are responding by seamlessly integrating solar power systems when building new homes. Home owners can now move into a new home with an established solar power solution eligible for applicable federal and state incentives, to make this clean power system more cost effective. [ more ]

Hoku Scientific, Inc. Reports U.S. Navy's Acceptance of Fuel Cell Systems

hoku_logo.gifHoku Scientific, Inc. (HOKU) announced that the U.S. Navy has officially accepted the first two of ten planned PEM fuel cell power plants incorporating Hoku MEA that will be demonstrated at Pearl Harbor Naval Station.

Each of the stationary fuel cell power plants, or demonstration systems, designed by IdaTech LLC and incorporating Hoku MEA, generates net electrical output of approximately 1.5 kilowatts. Hoku Scientific's contract with the U.S. Navy requires a minimum net electrical output of 1 kilowatt. The fuel cell power plants incorporate an IdaTech fuel processor that produces hydrogen from a mixture of water and methanol. The two fuel cell power plants were officially accepted by the U.S. Navy following a factory acceptance test at Hoku Scientific's facility in Kapolei, Hawaii. The additional eight demonstration systems, plus one fuel cell power plant that will not be demonstrated, are scheduled for factory acceptance over the next several weeks. [ more ]

Shares of Hoku were up almost 38% yesterday on this news.

Xethanol to Acquire Plant in Georgia

Xethanol Corporation (XTHN.OB) announced that its CoastalXethanol subsidiary has signed a letter of intent with Pfizer, Inc. to purchase Pfizer's pharmaceutical manufacturing complex located in Augusta, Georgia. While details are yet to be finalized, CoastalXethanol and Pfizer are working together to complete the transaction.

The state of the art, 40 acre site includes: an 89,100 square foot manufacturing facility, a 25,000 square foot warehouse facility, 7,300 square feet of laboratory space, and 16,000 square feet of offices and conference rooms. CoastalXethanol intends to retrofit the site to produce 35 million gallons per year of ethanol. The facility will produce ethanol from cellulosic and other biomass waste streams generated by industrial producers in the surrounding areas. [ more ]

May 24, 2006

Altair Nanotechnologies Achieves Milestone in Development of Nano-Powered Batteries for Electric and Hybrid Electric Vehicles

Altair Nanomaterials (ALTI) announced it has completed a safety testing cycle for lithium ion battery products that represents a significant step forward in the effort to develop lithium ion batteries that are safe enough to be used in electric-powered automobiles.

Although lithium ion batteries are the predominant power source for cell phones, laptop computers and many other small electronic devices, safety concerns related to the potential for explosion, typically caused by charging malfunctions or extremes of temperature, have so far proved to be a vexing obstacle to using lithium ion batteries to power electric and hybrid electric vehicles (HEVs).

In order to address these safety concerns and, by doing so, help to speed the deployment of powerful, efficient electric vehicles (EVs) and HEVs for mass usage, Altairnano has invented and developed a nano-structured negative electrode material called nano Lithium Titanium Oxide, or nLTO, that replaces the graphite used in "standard" lithium ion batteries with safe, nanomaterials. [ more ]

Green Star Products Unveils Advanced Biodiesel Reactor

Green Star Products Inc (GSPI) announced that they have developed and successfully commercially tested their advanced biodiesel reactor.

GSPI reactors require an amazing two minutes to complete the biodiesel conversion reaction versus over one hour for the rest of the industry. This means that GSPI's processing rate through the reactor is at least 30 times faster than the rest of the biodiesel industry. [ more ]

May 23, 2006

WorldWater & Power Signs Contracts Worth $160,540 for Residential Solar Systems in New Jersey and California

Worldwater Corp (WWAT) announced the signing of contracts with homeowners in New Jersey and California to build photovoltaic solar electric systems to power their residences in parallel with their present electric utility company. The contract value of the systems in New Jersey and California is $160,540. [ more ]

May 19, 2006

MTI MicroFuel Cells Announces Strategic Alliance With Samsung Electronics

Mechanical Technology Inc (MKTY) announced an exclusive alliance with Samsung Electronics Co., Ltd., ("Samsung"), a technology innovator in the telecommunications industry, to develop next-generation fuel cell prototypes for Samsung's mobile phone business. Mobion®, MTI Micro's patented direct methanol fuel cell (DMFC) technology, has been chosen to power a series of prototypes designed for Samsung's mobile phone and mobile phone accessories. [ more ]

Samsung is going to be committing up to $1 million in development money for the project and it marks a large step forward in the future development of the micro fuel cell marketplace. I also see this as a solid win for Mechanical Technology. Under this deal the two companies will jointly research the use of methanol-based fuel-cell technologies for use in cell phones. Any patents that come as the result of the research will be assigned to Mechanical Technology.

GiraSolar Group Completes Cell Delivery to German Industry Partner and Completes First Shipment to Spain

GIRASOLAR INC (GRSR.PK) is pleased to announce its subsidiary DutchSolar BV has completed a 1MWp cells supply obligation to a major German solar industry partner. DutchSolar BV overachieved on its projected supply of 1MWp with 16% in surplus of its obligations. Supply had initially begun with delays in December 05 and was expected to take well into H2 of 2006. The revenue value now exceeds well over 3M$ and payments have been received in full. It is expected that DutchSolar will continue the supply of cells to German counterparts and further cooperation will be sought.

DutchSolar BV has also completed the first supply of two containers with solar products to Spain, following a previously announced supply contract with a strategic Spanish solar industry partner. The revenue value of this first supply equals approximately 10% of the total contract value of 6M$. The supply of materials to this project will continue as planned by DutchSolar BV. [ more ]

Power Efficiency Corporation Announces Successful Tests at Boyd Gaming Corporation's Sam's Town Las Vegas

Power Efficiency Corporation (PEFF) announced that it completed successful tests on two escalators at the Sam's Town Las Vegas, one of the flagship properties of Boyd Gaming Corporation. These test show a 36% decrease in energy consumption for the electric motors.

The results of these tests reinforce the drastic power cost reductions possible with Power Efficiency's products in commercial and industrial facilities. Equipment powered by electric motors that operate at constant speed, but have a variable load, are excellent candidates for energy savings with the Company's technology. This includes not only escalators and elevators, but also many types of industrial equipment, such as granulators, mixers, grinders, stamping presses, crushers, and more. [ more ]

I recently learned about this company and they have some interesting technology to improve the efficiency of electric motors by using a solid state Performance controller.

May 17, 2006

WorldWater & Power Awarded $4.9 Million Contract to Build Solar Systems for Hightstown, New Jersey

Worldwater Corp (WWAT) announced the signing of a contract with the Borough of Hightstown in Central New Jersey to build two solar power systems on water facilities, subject to financing. One installation will serve a water treatment plant and public works garage, while the other will power a wastewater treatment facility. Construction value of the complete project is $4.9 million. [ more ]

May 16, 2006

Green Star Products to Construct Total Bio-Refineries

Green Star Products Inc (GSPI) announced its plans to construct total Bio-Refinery Complexes for production of both biodiesel and biomass ethanol at each facility.

The first Bio-Refinery is planned to be in North Carolina (see GSPI press release dated April 20, 2006) and the location of the second facility is to be announced soon in the northwestern sector of the United States.

Each GSPI-designed Bio-Refinery will have a start-up production of between 10 or 20 million gallons per year with quick expansion capabilities. The facility infrastructure will be capable of expanding to 60 million gallons per year (and further expansion capabilities could reach 100-million gallons per year), ranking them among the largest fuel production facilities in the world. [ more ]

Nevada Geothermal Power Inc. Commences Blue Mountain Development Drilling


Nevada Geothermal Power Inc.
(NGLPF) announced that it has initiated development drilling at Blue Mountain Nevada. Production test data from the wells will be used to complete a feasibility study for an initial 30 MW geothermal power plant.

In the initial program, four 13-inch diameter production wells will be drilled to 4000 feet (1200 metres) into the moderate temperature (300-330 degrees C) geothermal resource intersected in previous test holes. Permits have been obtained and drill pads are under construction. A water well rig will be used to drill the top 800 feet of each well and to set surface casing. A production drilling rig with a substructure to accommodate blow-out-prevention-equipment will then complete the holes to total depth. A suitable rig has been identified and is expected to be on site by the end of May. NGP expects to complete initial development drilling over the next six months. [ more ]

Capstone Receives $1.2 Million Order

Capstone Turbine Corp (CPST) announced today that it has received an order for a nationally recognized health care facility totaling approximately $1.2 million of Capstone C65 Micro Turbine® energy systems. The multi-pac cogeneration energy system will be installed in one of their facilities in Southern California.

The 65-kilowatt systems are the latest generation of MicroTurbine energy systems developed by Capstone. In addition to a net power output of 65 kilowatts, the Integrated Combined Heat and Power (ICHP) systems have 80% electrical efficiency, and NOx emissions of less than 5 parts per million. [ more ]

May 15, 2006

PowerShares WilderHill Clean Energy ETF Constituents

The Energy Stock Blog has posted an update of the stocks that make up the PowerShares WilderHill Clean Energy ETF (PBW). [ more ]

The only change that I see from the last reporting of the index is the addition of Pacific Ethanol, Inc. (PEIX) to the portfolio.

May 12, 2006

SatCon Announces Delivery of 100 kW Solar Inverter for the European Market

satcon_logo.gifSatCon Technology Corporation (SATC) nnounced the completion and delivery of the 100 kW solar inverter for the European market. The significance of this delivery is that SatCon is well positioned to participate in the largest market for solar inverters.

SatCon has delivered over 17MW of commercial grade inverters over the past two years and is poised for significant growth as indicated by the pending solar projects in California on the Pacific Gas and Electric website. [ more ]

May 11, 2006

XsunX Under Pressure

xsnx_logo.gifShares of XSUNX Inc. (XSNX) are currently under pressure and are currently down over 50% since the start of the month. The stock is now accelerating down this morning and the shares are currently down another 13% this morning. There was some nice support at the $1 level and the stock is currently trading down below this level.

xxunx_20060611.png

There may be many causes for this sharp decline. It could be the general market weakness is causing people to look for ways to take profits. This stock has been up more than 200% in the past year and I personally sold half of my position several months ago. There also maybe something fundamentally wrong with the company. There have been many questioning the validity of this company.

XsunX is still an early stage company that still hasn't produced any revenues and has a product that is still very much in beta. I knew this when I purchased the stock back in November of '05. I figured the company would be dead money until they actually started to produce some products and get sales. The sharp rise of the stock over the past year was a nice suprise, but I fully expected it to come back down to reality. I would not be suprised if the stock traded back down to the $0.50 range in the near future. I think the company is fairly valued at that price and I'm still planning on holding onto my remaining shares.

Update: I'm not able to type this post fast enough for the markets, the stock is now currently down more than 15% at 10AM.

Update 2: At 10:20AM the stock seems to have found some support at $0.94.

xxunx_20060611a.png

Update 3: Shares of XsunX have now turned positive at mid-day and the bounce off the support of $0.94 seems to have taken hold.

xxunx_20060611b.png

Update 4: What a day in XsunX. From the low today to the close represents a 30% move and a nice bounce off the $0.94 level.

xxunx_20060611c.png

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.

ADM to build 275-million gallon ethanol facility

Archer-Daniels-Midland Co. (ADM) said it will build an ethanol plant with 275-million gallon annual capacity in Cedar Rapids, Iowa as it looks to expand production of the alternative fuel.

The expansion comes on top of ADM's plans to build a 275-million ethanol plant in Columbus, Nebraska. [ more ]

Pacific Ethanol Completes Permitting for Planned Ethanol Plant in Boardman, Oregon

peix_logo.gifPacific Ethanol, Inc. (PEIX) announced that it has received all necessary permits to begin construction on a 35 million gallon per year ethanol facility at the Port of Morrow, located on the Columbia River near Boardman, Oregon. The Company further stated that it expects to begin construction, which should take approximately 12 months, within the next thirty days.

The Oregon ethanol facility will provide ethanol for the Pacific Northwest gasoline markets, helping to increase supply in that area and provide a CO2-reducing fuel for the transportation sector. It is expected that the plant's distillers grains will be sold to the local Oregon and Washington dairy and feed markets. [ more ]

May 09, 2006

Quantum Awarded Contract to Deliver Hydrogen Hybrid Vehicles to Norway

qtww_logo.gifQuantum Fuel Systems Technologies Worldwide Inc (QTWW) announced that it received a purchase order for 15 hydrogen-fueled Toyota Prius hybrid vehicles from Miljobil Grenland AS, a participant and vehicle provider to the Norwegian Hydrogen Highway (HyNor). These hydrogen hybrid vehicles will be put in service in Norway in 2006 and 2007 as part of the HyNor program.

HyNor is a unique Norwegian joint public/private partnership initiative to demonstrate real life implementation of hydrogen energy infrastructure along a route of 580 kilometers (360 miles) from Oslo to Stavanger during the years 2005 to 2008. The project comprises all steps required to develop a hydrogen infrastructure and includes various hydrogen production technologies and uses of hydrogen, in all cases with an adaptation to local conditions. The overall objectives of the HyNor project are to demonstrate the commercial viability of hydrogen energy production, hydrogen's use in the transportation sector, and the development of a hydrogen infrastructure. [ more ]

Hydrogenics Receives $3.3 Million Order for On-site Hydrogen Generation Plant from Major Energy Company

hygs_logo.gifHydrogenics Corp (HYGS) announced it was awarded a contract, valued at approximately $3.3 million, to supply a HySTAT(TM)-A Hydrogen Plant to a major North American oil and gas refinery for installation in 2007. The high purity hydrogen generated by the HySTAT-A Hydrogen Plant will be used by the refinery to reduce the sulfur content in diesel fuel in compliance with EPA regulations. [ more ]

May 05, 2006

Distributed Energy Systems to Add $3.4 Million Cogeneration Power System to Transamerica Pyramid Building

prtn_logo.gifDistributed Energy Systems Corp (DESC) has been awarded a $3.4 million contract by AEGON USA Realty Advisors. Under the agreement, they will install and commission a 1.1 megawatt (MW) combined heat and power (CHP) system for the landmark Transamerica Pyramid at 600 Montgomery Street in San Francisco, California. The 48-story building, managed by Lowe Enterprises, is known as the "Pyramid," and is located in the heart of San Francisco's financial district. [ more ]

SatCon Announces 3.2 Megawatts in Orders for Photovoltaic Inverters

satcon_logo.gifSatCon Technology Corporation (SATC) announced that it has received multiple purchase orders from four new customers for 13 commercial grade inverters equaling 2.3 megawatts (MW), including an order from one of the largest photovoltaic integrators in North America. In addition, a customer that has been operating a trial unit issued a follow-on purchase order for 3 commercial grade inverters totaling 0.9 MW. These photovoltaic inverters trade named PowerGate(TM) are scheduled for delivery prior to the end of the current fiscal year. [ more ]

Spire Offers Gallium Arsenide Concentrator Solar Cells

Spire Corp (SPIR) announced that Bandwidth Semiconductor LLC, its wholly owned subsidiary, now offers custom gallium arsenide (GaAs) concentrator solar cells for terrestrial applications.

These GaAs-based solar cells are based on Spire's space and terrestrial solar cell technology developed over 25 years, during which record high cell efficiencies for terrestrial applications were produced. Higher efficiency means lower cost of electricity. [ more ]

Protonex Delivers Soldier Power Fuel Cell Systems to U.S. Air Force

mcel_logo.gifMillennium Cell Inc (MCEL) and Protonex Technology Corporation announced that it has delivered advanced prototypes of its P2 soldier power system to the U.S. Air Force for evaluation. This delivery marks the successful completion of the two-year Dual Use Science and Technology (DUST) program awarded to Protonex by the Air Force in April 2003. In addition, the Air Force Research Laboratory (AFRL) has notified Protonex and Millennium Cell Inc. of its intent to award an additional $1.02 million program focusing on P2 enhancements and manufacturability and for procurement of additional systems for performance and reliability testing.

The P2 system, which can produce up to 50 watts of continuous power, combines Protonex fuel cell technology with a chemical hydride fueling subsystem based on technology licensed from Millennium Cell. Due to the system's rugged design and high energy density, it is ideally suited to meet the aggressive requirements of demanding military applications. This Protonex system is expected to replace batteries powering a range of portable military equipment, decreasing the size and weight of the power source troops carry in the field and reducing operating costs for the military. [ more ]

May 04, 2006

Spire Commissions Photovoltaic Module Manufacturing Line for Unison in Korea

Spire Corp (SPIR) announced that it has completed installation and commissioning of a SPI-Line(TM) turnkey photovoltaic (PV) module assembly line for Unison Co., Ltd. (Unison) of Chonan-City, Korea.

Spire's advanced PV module manufacturing equipment and process technology will enable Unison to manufacture state-of-the-art PV modules from solar cells to address the growing Korean and Asian solar PV market. [ more ]

Ormat Technologies Increases Ownership Position-in Zunil Geothermal Project in Guatemala

Ormat Technologies (ORA) announced that an Ormat subsidiary signed an agreement to purchase from CDC Group plc., a 14.09% partnership interest (13.67% on a fully diluted basis) in Orzunil I de Electricidad, Limitada (Orzunil), which owns the Zunil Geothermal Project in Guatemala. CDC Group's investment in this project has been managed by Globeleq, an emerging markets power company.

As a result of this acquisition, Ormat's annual net income from the Zunil project is expected to increase by approximately $0.6 million on a full year basis. [ more ]

May 01, 2006

Hydrogenics Awarded Follow-on Order from General Motors for Fuel Cell Test Services

hygs_logo.gifHydrogenics Corp (HYGS) announced it has received a follow-on order from General Motors Corporation to provide fuel cell test services which is anticipated to be fully realized in 2006.

"We are pleased to provide test services for General Motors, a leader in the automotive sector." said Pierre Rivard, President and CEO of Hydrogenics. "We believe that our proprietary testing products assist leading Original Equipment Manufacturers such as General Motors to advance their fuel cell program." [ more ]

Ormat Technologies Announces Completion of First US Solar Trough Power Plant in Arizona Using Ormat(R) Energy Converter

Ormat Technologies (ORA) announced that they have completed the construction of a 1 MW rated Ormat® Energy Converter (OEC) for the APS Saguaro Solar Facility. Arizona Public Service Company (APS) is Arizona's largest and longest-serving electric utility, serves more than one million customers in 11 of the state's 15 counties. [ more ]

The plant's process consists of the sun's energy being concentrated by parabolic mirrors in a trough formation to receivers. This concentrated solar energy heats up thermal oil, which then transfers its heat to the OEC power unit working fluid. Use of Organic Rankine Cycle technology facilitates generation of power even with fluctuating and low temperature heat.

WorldWater & Power Corp. and Saint Joseph of the Palisades High School Sign Contract for $1.3 Million Rooftop Solar System

Worldwater Corp (WWAT) announced that Saint Joseph of the Palisades High School of West New York, N.J., part of the Archdiocese of Newark, has contracted with WorldWater to purchase electrical energy for 10 years generated by a solar electric system. The solar panel array will be installed on the school's roof. Under WorldWater's Alternative Clean Energy Services (ACES) plan, St. Joseph's will not incur any start-up costs for the installation and the school will receives a 10% discount on their cost for power compared to their electric rate. The installation of the solar energy system at the school guarantees that the school will save money on electric costs immediately and on a long-term basis. The construction value of the project is $1.3 million. [ more ]

Western Wind Energy Receives Approval to Use Transmission Lines

Western Wind Energy (WNDEF.OB) announced that the United States Federal Energy Regulatory Commission ("FERC") has issued a definitive decision in Western Wind's favor, allowing Western Wind to access a key transmission line. The decision enables Western Wind to start work on its 120 MW power sales agreement with Southern California Edison. This agreement enables Western Wind to generate over US $30 million per year in annual power sales. [ more ]


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