Archive for August 4th, 2009
Within weeks, grey wolves in the Northern Rockies will be on the business-end of high-powered hunting rifles. Most people remember back in May 2009 that the Obama Administration delisted the wolves from the endangered species list. Now, sense their current status isn’t protected by the federal government, <a href=”http://fishandgame.idaho.g…
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Called the Solar Forest, the panels actually follow the sun throughout the day for maximum efficiency. And that canopy provides some much needed shade for the cars below, hopefully while keeping the overlap to a minimum…. Read the full story on TreeHugger
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Jessica Velasquez’s "Bike in Style" Prototypes Hit NYC’s Summer Streets
Photo credit: LVMH
From concept to prototype, Fashion Institute of Technology student Jessica Velasquez’s prize-clinching designs for LVMH Moët Hennessy Louis Vuitton’s Bike in Style challenge are one step closer to amping up the style quotient of pedal-pushers everywhere.
At a press conference held this morning by the New York City Department of Transportation to officially pre-launch Summer Streets 2009, of which LVMH is a main sponsor, the luxury goods maker unveiled mockups of Velasquez’s jacket… Read the full story on TreeHugger
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NANJING, China, Aug. 4 /PRNewswire-Asia/ — China Sunergy Co., Ltd (Nasdaq: CSUN), a specialized solar cell manufacturer based in Nanjing, China, today announced that it will report financial results for its second quarter ended June 30, 2009 on August 27, 2009 prior to US market open.
Following the earnings release, China Sunergy will host a conference call at 8:00 a.m. Eastern Time or 5:00 a.m. Pacific Time (Beijing / Hong Kong Time: August 27, 2009 at 8:00 p.m.). The management team will be on the call to discuss results and highlights of the quarter and answer questions.
The dial-in details for the live conference call are as follows: U.S. Toll Free Dial In: 1-800-299-9086 International Dial In: 1-617-786-2903 Participant Passcode: 84476336
The call will also be available online at http://www.chinasunergy.com .
For those who cannot access the live broadcast, a replay will be available from two hours after the end of the call until September 10, 2009. The replay is available online or using the numbers below:
U.S. toll free number: +1-888-286-8010 International: +1-617-801-6888 Passcode: 16755764
CHANGZHOU, China, Aug. 4 /PRNewswire-Asia-FirstCall/ — Trina Solar Limited (NYSE: TSL) (“Trina Solar” or the “Company”), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, founded in 1997, today announced it will host a conference call at 6:00 p.m. ET on Monday, August 17, 2009, to discuss results for the quarter ended on June 30, 2009.
Joining Jifan Gao, Chairman and CEO of Trina Solar on the call will be Terry Wang, Chief Financial Officer, Sean Tzou, Chief Operating Officer, Arturo Herrero, Vice President of Sales and Marketing, and Thomas Young, Director of Investor Relations. The Company plans to distribute its earnings announcement before the call.
To participate in the conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 1(800)884-2382. International callers should dial +1(660)422-4933. The conference ID for the call is 2323-3489.
If you are unable to participate in the call at this time, a replay will be available on August 17 at 10:00 p.m. ET, through August 24, at 11:59 p.m. ET. To access the replay, dial 1(800)642-1687, international callers should dial +1(706)645-9291, and enter the conference ID 2323-3489.
This conference call will be broadcast live over the Internet and can be accessed by all interested parties on Trina Solar’s website at http://www.trinasolar.com . To listen to the live webcast, please go to Trina Solar’s website at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on Trina Solar’s website for 90 days.
PHOENIX–(BUSINESS WIRE)–Evolution Solar Corporation (PinkSheets: EVSO) announced today that it is moving its primary business office to China. New technologies, such as thin film solar, are emerging from China at an impressive rate. The Company feels China represents an ideal base for operations for two reasons: first, use of solar in China is growing very rapidly due to strong government incentives, and second, China will serve as a source of products at competitive prices to allow the company to engage in projects in other parts of the world.
New management is expected to take the helm as the company begins its focus on China as a source of operations. The Company will have a U.S. subsidiary that will manage and supervise opportunities in the United States.
“This step allows us to gain significant efficiencies in both serving the Chinese market and sourcing products for the United States,” stated Robert Kaapke, CEO of Evolution Solar Corp. “We expect our China office to drive rapid growth in the company in the months ahead.”
China’s new $2.70 per watt government solar incentive has delivered a strong stimulus to solar stocks. China’s stimulus program represents a 50% government participation in the cost of many solar projects. Clearly this changes the economics for solar companies with a footprint in China. Yingli Green Energy Holdings (NYSE: YGE) was up 43% on the news. ReneSola (NYSE: SOL) was up 31% and Suntech Power Holdings (NYSE: STP) was up 50%.
GEISINGEN, Germany–(BUSINESS WIRE)–Lotus Systems has received an order from a large German solar cell manufacturer to install fully automated wet chemical process lines for cell production. There was also an agreement to cooperate long term, and a total volume of more than €8 million is expected for the future. For more information about wet chemistry, see www.lotussystems.de/photovoltaic/wet-process-applications/ .
“Our innovative tool design decided it” says New Products Manager Hans Hauger, explaining how Lotus Systems beat out several other competitors. “We have incorporated new details everywhere – in input and output stations, cleaning, etching and drying. All together, this makes for extremely high productivity and conserves substances like water, electricity, and chemicals.” The first system will be installed in January 2010.
“The photovoltaics industry needs new ideas to meet future quantity and cost demands,” says Joachim Mink, founder and CEO of Lotus Systems. “Every factory is different. We do not just listen to our customers well; we also do our homework and deliver both innovation and absolute reliability. I personally make sure of that.”
PONTE VEDRA BEACH, Fla.–(BUSINESS WIRE)–Solar Energy Initiatives, Inc. (OTCBB:SNRY), executing on a grass roots campaign, “RENEW THE NATION”, to help redeploy a portion of the U.S. work force and focus on reducing the world’s dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, today announced that the Company expects to report revenues of $2.6 million for the fourth quarter 2009 and recognize positive cash flow from operations.
“Management is extremely pleased with the business momentum that the Company has achieved,” stated David Fann, Chief Executive Officer of Solar Energy Initiatives. “Solar Energy Initiatives has successfully increased revenue, achieved cash flow positive status, and established a strong organic revenue foundation for which new contracts will be leveraged. We believe that we will continue to see sustained growth throughout our 2010 fiscal year.”
Solar Energy Initiatives, Inc. signed a contract securing land for the design, construction and operation of a 300 Megawatt solar park in west Texas. Solar Energy Initiatives will sell the solar panels and balance of system to the LLC, generating as much as $750 million in revenue over a 6 year time period. During the first year of development, the project will potentially generate over $100 million in sales. The revenue approximation is solely based on the sale of the solar panels and does not account for the sale of generated electricity.
The Company also announced that it has secured federal stimulus funding to train displaced workers as solar energy installation and maintenance technicians. The funding is being provided by the American Recovery and Reinvestment Act of 2009, which was signed into law February 2009, by President Obama. Solar Energy Initiatives is currently in discussions regarding three additional grants.
Thirdly, Solar Energy Initiatives formed the Green Energy Alliance, a strategic affiliation with RS&H, one of the nation’s leading facilities and infrastructure consulting/engineering firms, and K-Power Inc., a provider of full service solar energy solutions to commercial and industrial users. The Green Energy Alliance will combine member areas of expertise providing turn-key solar solutions including project financing to commercial and solar park projects located in North America and the Caribbean.
Mr. Fann continued, “Solar Energy Initiatives is thrilled with the recent milestones that we have achieved, especially in our first year of operation. The Company’s recent accomplishments have allowed us to establish our reputation as a legitimate market leader within the rapidly growing solar energy sector. The Company is currently targeting additional municipal contracts, larger solar park projects and expanding our core dealer network. Management believes that these endeavors will lead to increased earnings and improved shareholder value.”
FORT WORTH, Texas–(BUSINESS WIRE)–Entech Solar (OTC BB: ENSL.OB), a leading developer of renewable energy technologies, today announced that it will host a conference call at 10:00 a.m. Eastern on August 10, 2009 for the second quarter ended June 30, 2009. Earnings will be issued before the market opens that day. During the call, Frank W. Smith, Chief Executive Officer, and Sandy J. Martin, Chief Financial Officer, will review the company’s operations and financial results. The telephone number for the conference call is 866-831-6247 domestically and 617-213-8856 internationally, with conference ID #52435504. A live webcast of the call will also be available on the company’s website, www.entechsolar.com.
The webcast will be archived on the site, and investors will be able to access an encore recording of the conference call for thirty days by calling 888-286-8010 domestically or 617-801-6888 internationally, with conference ID #63010910. The encore recording will be available two hours after the conference call has concluded.
BioSolar “Has Developed a ‘BioBacksheet’ That May Change the Solar Industry,” According to Energy BoomAuthor: EcoFriendly
SANTA CLARITA, Calif.–(BUSINESS WIRE)–BioSolar (OTC BB: BSRC), developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of photovoltaic solar modules, “has developed a ‘biobacksheet’ that may change the solar industry,” according to a July 22, 2009 article on Energy Boom.
“BioSolar is currently making steady strides in the commercialization process, and we are always pleased when members of the solar industry share our excitement. We received great feedback following our recent announcement of the successful prototype run of the new BioBacksheetTM-A,” said BioSolar’s CEO Dr. David Lee.
Conventional polymer backsheets, the bottom-most layer of nearly all photovoltaic solar cell modules, are designed to protect the solar cell from environmental hazards like moisture and UV rays. One of the reasons solar power has remained expensive is because of the cost of its components such as backsheets. BioSolar’s BioBacksheet™ is a protective covering made from renewable plant sources, rather than the expensive petroleum-based film currently in use, and is expected to cost substantially less than traditional petroleum-based backsheets.
A Renewable Energy World article says that according to Lee, the fastest growing segment of the photovoltaic (PV) market is thin film, particularly copper-indium-gallium-selenide (CIGS) and cadmium telluride (CdTe) thin-film photovoltaic panels that require backsheets to have a water vapor transmission rate of nearly zero.
“BioSolar has developed the BioBacksheetTM-A with an absolute moisture barrier from renewable materials. The three layer laminate film consisting of 100 percent recyclable aluminum foil is the center core sandwiched between outer layers of bio-based polymer films, making our product unique in the industry,” said Lee.
BioSolar recently announced that the BioBacksheetTM-C, designed for the traditional c-Si PV modules, will be the company’s first product to be commercially available during the second half of 2009. Two more versions of BioBacksheetTM are currently in the pre-production stage moving towards qualification for full production.
Ascent Solar Makes Inducement Award to CEO
THORNTON, Colo.–(BUSINESS WIRE)–Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of state-of-the-art flexible thin-film solar modules, announced today that it has completed a grant of options to purchase 200,000 shares of common stock to Farhad Moghadam, Ph.D., the company’s President and Chief Executive Officer. The grant was made on August 3, 2009, Dr. Moghadam’s start date, as an inducement award pursuant to Nasdaq Rule 5635(c)(4). The planned grant was previously disclosed in a Form 8-K current report filed July 14, 2009. The options have an exercise price of $7.76 per share, and will vest in equal amounts over four years. In the event of a “Change of Control” (as defined in Dr. Moghadam’s employment agreement), the stock options will be subject to accelerated vesting. The grant was approved by the Compensation Committee of the Company’s Board of Directors.
SANTA CLARA, Calif.–(BUSINESS WIRE)–Applied Materials, Inc. (NASDAQ:AMAT) will hold its regularly scheduled quarterly earnings call to discuss its results for the third quarter of fiscal 2009 and its business outlook on Tuesday, August 11, 2009, at 4:30 p.m. ET (1:30 p.m. PT). A live webcast of the call will be available on Applied Materials’ website at: http://www.appliedmaterials.com/investors/index.html. Replays and an audio/MP3 will be available beginning Tuesday, August 11 at 8:00 p.m. ET (5:00 p.m. PT), and ending Tuesday, August 25 at 8:00 p.m. ET (5:00 p.m. PT).
Applied Materials, Inc. is the global leader in Nanomanufacturing Technology™ solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panels, solar photovoltaic cells, flexible electronics and energy efficient glass. At Applied Materials, we apply Nanomanufacturing Technology to improve the way people live. Learn more at www.appliedmaterials.com.
Global Hybrid Car Market Forecast to 2010
Hybrid cars offer significant advantages over conventional vehicles, such as fuel efficiency, low cost per mile, and environmental benefits, and that will drive the future of hybrid cars, says “Global Hybrid Car Market Forecast to 2010″, a newly launched research report by RNCOS.