Solar News - STR Holdings Reports Fourth Quarter and 2009 Financial Results
- Fourth Quarter Earnings Growth Driven by Improved Solar Market -
ENFIELD, Conn-STR Holdings, Inc. (NYSE: STRI) announced financial results for the fourth quarter and year ended December 31, 2009.
2009 Fourth Quarter Highlights include:
•Consolidated net sales rose 6.1% to $79.9 million compared with $75.4 million in the fourth quarter of 2008
•Diluted EPS of $0.23 vs. $0.09 a year ago; non-GAAP diluted EPS of $0.42 vs. $0.15 a year ago
•Solar net sales rose 42.3% to $50.3 million on a quarterly sequential basis and 4.2% compared with the same quarter last year
•Quality Assurance net sales of $29.6 million rose 9.4% compared with the fourth quarter of 2008
•Solar adjusted EBITDA rose 45.6% to $24.0 million on a quarterly sequential basis and 55.6% compared with the same quarter last year
•Operating cash flow of $11.2 million exceeded net income.
Fourth Quarter Financial Results
Solar segment net sales for the fourth quarter ended December 31, 2009 increased 42.3% on a quarterly sequential basis to $50.3 million and rose 4.2% from $48.3 million a year ago.
Solar segment adjusted EBITDA for the fourth quarter of 2009 was $24.0 million, up 45.6% from $16.5 million on a quarterly sequential basis as a result of a 43% increase in sales volume, improved labor efficiencies and favorable fixed cost absorption. Compared to the fourth quarter of 2008, Solar segment adjusted EBITDA is up 55.6% from $15.4 million. This is partially due to a $4.2 million charge to cost of goods sold in 2008 for a product performance claim related to a product that the Company discontinued in 2006.
Chairman, President and Chief Executive Officer Dennis L. Jilot stated, “As macro-economic conditions continue to improve, we are pleased with our solar segment’s fourth quarter results. Our revenue grew sequentially by 42.3% as expected reductions to solar subsidies in Germany and Italy and a favorably mild winter in Europe drove stronger-than-anticipated demand during the quarter. As the only encapsulant provider with manufacturing and distribution capabilities in North America, Europe and Asia, STR’s global footprint continues to be a key differentiator for us. This quarter, utilization of our Malaysian plant enabled us to increase our market penetration in Asia, including an increase in sales volume in China. Gross margin improved to 43.8%, a 550 basis point expansion from the third quarter of 2009.”
STR’s Quality Assurance (QA) segment net sales for the fourth quarter of 2009 rose 9.4% to $29.6 million, compared with $27.1 million a year ago as a result of increased testing for toy and private label markets as well as increased demand for its Responsible Sourcing social accountability services. QA adjusted EBITDA rose 8.0% to $5.8 million, from $5.4 million a year ago.
Selling, general and administrative expense for the fourth quarter of 2009 rose 132.0% to $18.8 million, compared with the same quarter last year. This increase was primarily the result of a $2.6 million one-time payment in connection with the termination of a 2007 advisory services agreement with DLJ Merchant Banking Partners, and an increase of approximately $5.1 million in non-cash stock-based compensation expense mainly due to the issuance of stock options to replace certain pre-IPO incentive units as a result of the change in capital structure from a limited liability company to a corporation.
Net income for the fourth quarter of 2009 rose 174.5% to $8.9 million or $0.23 on a diluted EPS basis, compared with $3.2 million, or $0.09 on a diluted EPS basis during the fourth quarter of 2008.
Non-GAAP net income for the fourth quarter of 2009 rose 194.3% to $16.5 million, or $0.42 on a diluted EPS basis. This compared with non-GAAP net income of $5.6 million, or $0.15 on a diluted EPS basis, for the fourth quarter of 2008, (See discussion of non-GAAP financial measures and the reconciliation table below for details).
During the fourth quarter of 2009, the Company generated $11.2 million of operating cash flow, up 28.9% from $8.7 million a year ago. Free cash flow, which is defined as operating cash flow less capital expenditures, increased 279%, or $10.7 million from the fourth quarter of 2008 mainly as a result of increased earnings, lower spending on capacity expansion and improved working capital performance.
STR’s Executive Vice President and Chief Financial Officer Barry A. Morris stated, “Our capital expenditures for 2009 totaled $17.8 million. We entered 2010 with our solar capacity utilization at approximately 55% and based on our growth projections, we anticipate beginning to fund our 2011 capacity expansion needs during the first half of 2010. Our strong balance sheet and operating cash flows give us the ability to internally fund expansion currently under development and provide us with flexibility in our pursuit of shareholder value creation.”
Financial Results for the year ended December 31, 2009:
•Total net sales were $264.9 million, compared with $288.6 million a year ago. Solar net sales were $149.5 million, down $32.8 million from $182.3 million a year ago, primarily attributable to an industry-wide over-supply of module inventory that resulted from unfavorable macro-economic conditions as well as the fourth quarter 2008 cut to the solar subsidy in Spain. QA net sales totaled $115.4 million, up from $106.3 million for 2008 due to strong demand and benefit from the increased regulatory environment
•Gross profit on a consolidated basis was $98.0 million, compared with $113.9 million in 2008
•Net income on a consolidated basis was $23.0 million, or $0.61 per diluted share, compared with $28.1 million, or $0.75 per diluted share, for 2008
•Non-GAAP net income for 2009 was $38.3 million, or $1.02 per diluted share, compared with $37.9 million, or $1.01 per diluted share for 2008
•Operating cash flow amounted to $47.9 million for the full year 2009, compared to $47.7 million for 2008.
Business Outlook
Mr. Jilot added, “Looking at the fourth quarter of 2009 and the first quarter of 2010, the anticipated changes to solar incentives in Germany and Italy have accelerated sales throughout the solar module supply chain. While we believe this is a long-term positive development for the industry, we expect that it could cause atypical sequential growth for STR compared with historical quarterly sales patterns. Overall, STR has a positive outlook for 2010 supported by our continued momentum into Asia, ambitious goals for clean energy in the United States, and the overall decline in module prices that we expect will increase end-user volume.”
The Company is providing the following first quarter and full year 2010 financial guidance, which it will discuss in greater detail on the conference call:
(Amounts in millions, except per share amounts)
Quarter Ending March 31, 2010 Low High
Solar net sales $ 52.0 $ 55.0
QA net sales 25.0 26.0
Total net sales 77.0 81.0
Diluted non-GAAP EPS $ 0.23 $ 0.25
Year Ending December 31, 2010 Low High
Solar net sales $ 185.0 $ 200.0
QA net sales 125.0 130.0
Total net sales 310.0 330.0
Diluted non-GAAP EPS $ 1.05 $ 1.10
Conference Call
STR will discuss these results for the fourth quarter and year ended December 31, 2009, as well as provide its business outlook for the first quarter and year ended December 31, 2010 in a conference call scheduled today, at 4:15 p.m. EDT. Dennis L. Jilot, Chairman, President and Chief Executive Officer and Barry A. Morris, Executive Vice President and Chief Financial Officer will host the call. Investors interested in participating in the live call from the U.S. should dial 866-700-0161 and enter passcode: 21726879. Those calling from outside the U.S. should dial 617-213-8832 and use the same passcode. A telephone replay will be available approximately two hours after the call concludes through Wednesday, March 31, 2010 by dialing 888-286-8010 from the U.S., or 617-801-6888 from international locations, and entering passcode: 86593293. There also will be a simultaneous live webcast available on the Investor Relations section of the Company’s website at http://www.strholdings.com. The webcast will be archived on the website for 365 days.
About STR Holdings, Inc.
STR Holdings, Inc. is a diversified global leader providing high quality, superior performance solar encapsulants to the photovoltaic module industry. It is also one of the world’s top providers of quality assurance testing, audit, inspection and responsible sourcing services. STR works with over 5,100 manufacturers, importers, raw materials suppliers and retailers around the globe to ensure that they have the highest level of confidence in the quality and safety of their products and the social standards of the supply chain producing them. Further information about STR Holdings, Inc. can be obtained via the Company’s website at http://www.strholdings.com.
Forward Looking Statements
This press release and any oral statement made in respect of the information in this press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to inherent risks and uncertainties. These forward-looking statements present the Company’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business and are based on assumptions that the Company has made in light of its industry experience and perceptions of historical trends, current conditions, expected future developments and other factors management believes are appropriate under the circumstances. However, these forward-looking statements are not guarantees of future performance or financial or operating results. In addition to the risks and uncertainties discussed in this release, the Company faces risks and uncertainties that include, but are not limited to, the following: (i) demand for solar energy in general and solar modules in particular; (ii) the timing and effects of the implementation of recently announced government incentives and policies for renewable energy, primarily in China and the United States; (iii) the effects of the recently announced proposed cut to solar incentives in Germany and Italy; (iv) customer concentration in the Company’s solar business and our relationships with key customers; (v) the continual operation of the Company’s Malaysian plant which commenced shipments in August 2009; (vi) the need to utilize its existing $20 million revolving credit facility, and the ability to further access the credit markets on acceptable terms; (vii) maintaining sufficient liquidity in order to fund future profitable growth and long term vitality; (viii) the continuing effects of the ongoing recession on sales; (ix) pricing pressures and other competitive factors; (x) the impact of the current negative credit markets may have on the Company or its customers or suppliers; (xi) loss of professional accreditations and memberships; (xii) the extent to which the Company may be required to write-off accounts receivable or inventory; (xiii) the Company’s reliance on vendors and potential supply chain disruptions, including those resulting from bankruptcy filings by customers or vendors; (xiv) any potential inflation of commodity costs, including paper and resin used in the Company’s encapsulants, and the Company’s ability to successfully manage any increases in these commodity costs; (xv) potential product performance matters, product liability or professional liability claims and the Company’s ability to manage them; (xvi) the impact of changes in foreign currency exchange rates on financial results, and the geographic distribution of revenues and earnings; (xvii) the impact of changes in interest rates in relation to the Company’s variable rate debt; (xviii) the impact of events that cause or may cause disruption in the Company inspection, testing, manufacturing, distribution and sales networks such as war, terrorist activities, and political unrest; (xix) the extent and duration of the current recession in the global economy, including the timing of expected economic recovery in the United States and abroad; (xx) outcomes of litigation and regulatory actions; (xxi) our ability to protect our intellectual property and (xxii) the other risks and uncertainties described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s prospectus filed with the SEC on November 9, 2009 and in subsequent periodic reports on Forms 10-K, 10-Q and 8-K. You are urged to carefully review and consider the disclosure found in our filings which are available on http://www.sec.gov or http://www.strholdings.com. Should one or more of these risks or uncertainties materialize, or should any of these assumptions prove to be incorrect, actual results may vary materially from those projected in these forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statement contained in this release, whether as a result of new information, future developments or otherwise, except as may be required by law.
_____________________________________
The renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM, Hong Kong and China markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
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Showing posts with label Renewable Energy Stocks Directory. Show all posts
Showing posts with label Renewable Energy Stocks Directory. Show all posts
Thursday, March 18, 2010
Wednesday, March 03, 2010
Solar Stocks; XsunX (OTCBB:XSNX ) Invited to Present at International Workshop on CIGS Solar Cell Technology in Germany
Solar Stocks; XsunX (OTCBB:XSNX ) Invited to Present at International Workshop on CIGS Solar Cell Technology in Germany
Company's Chief Technology Officer Will Take Stage Alongside Internationally Renowned CIGS Experts
ALISO VIEJO, Calif., March 2 ( Investorideas.com renewable energy/green newswire ) -- XsunX, Inc. (OTCBB:XSNX ), the developer of advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes, is pleased to announce that the company was asked to participate in the International Workshop on CIGS Solar Cell Technology in Berlin, Germany from April 20 – 22, 2010. Chief Technology Officer Robert Wendt has been invited to present the company's unique cross-industry CIGS (copper indium gallium di selenide) thin-film manufacturing technology to an audience of distinguished scientists and executives from the solar industry.
Taking place during the world's largest thin-film event – Photovoltaics Thin-Film Week – this workshop will address a wide range of topics relevant to the growing CIGS industry, including high-deposition rate processes, large-area processes, uniformity and laser scribing as well as longer-term issues such as new materials and structures and tandem cell concepts. It will be held at WISTA on Rudower Chaussee 17 – 12489 Berlin-Adlershof.
"CIGS thin-film technology has attracted the most attention of all the thin-film technologies because it is less expensive than traditional silicon and has a high performance record," said XsunX's Chief Technology Officer Robert Wendt. "During the workshop, I will explain how XsunX is working to harness these high performance levels while simultaneously offering a commercially viable manufacturing solution that uses stationary small-area, high-rate, production technologies, that leverage hard disk industry material handling and automation techniques, to provide precise control of the thin-film properties in a production environment."
Working with Intevac, the leader in hard disk manufacturing equipment, to help revolutionize the solar industry, the scientific team at XsunX is combining their thin-film photovoltaic (TFPV) process knowledge with Intevac's state-of-the-art magnetic media thin-film manufacturing technologies. The result is a high-productivity, cross-industry technology intended to not only increase cell efficiency levels, but to also improve production speeds and yields – thereby, reducing the cost of solar cells.
The workshop will consist of invited presentations from not only Mr. Wendt but also his peers in the industry, including Dr. Michael Powalla of ZSW Stuttgart, Dr.Rommel Noufi of NREL (National Renewable Energy Laboratory) and Professor Hans-Werner Schock of the Helmholtz Zentrum Berlin and Technical University. For the full list of speakers, click here: https://www.helmholtz-berlin.de/projects/pvcomb/thin-film-week/cigs-workshop/speakers-cigs_en.html
About XsunX
XsunX specializes in the development and commercialization of advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes. We are currently working to develop new proprietary manufacturing systems to deliver low cost solar products based on the use of CIGS (copper indium gallium selenide) solar thin films. Utilizing cross-industry enabling technologies, these systems are being developed to deliver low cost and high yield front end CIGS solar cell manufacturing methods coupled with customized backend solar module assembly and packaging systems.
This CIGS production technology is being designed as a turn-key solution to either enable upgrades to existing infrastructure or to establish new large scale solar manufacturing capacity for the production of CIGS solar cells that can be utilized in a multitude of applications. We plan to offer joint venture manufacturing opportunities for this technology to regional partners in a number of industry types and solar applications.
For more information please call 888-797-4527, or visit the company's website at www.xsunx.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
*Disclosure- (OTCBB:XSNX ) is a previous showcase company on Investorideas.com
http://www.investorideas.com/About/Disclaimer.asp
_______________________________________________________
The renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM, Hong Kong and China markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
The renewable energy stocks directory can be previewed at : http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp.
Investor Ideas members can login to access all 4 cleantech stock directories.
http://www.investorideas.com/membership/.
Our goal - One Million More Investors Investing in Green Technology and Water Technology in 2010!
Company's Chief Technology Officer Will Take Stage Alongside Internationally Renowned CIGS Experts
ALISO VIEJO, Calif., March 2 ( Investorideas.com renewable energy/green newswire ) -- XsunX, Inc. (OTCBB:XSNX ), the developer of advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes, is pleased to announce that the company was asked to participate in the International Workshop on CIGS Solar Cell Technology in Berlin, Germany from April 20 – 22, 2010. Chief Technology Officer Robert Wendt has been invited to present the company's unique cross-industry CIGS (copper indium gallium di selenide) thin-film manufacturing technology to an audience of distinguished scientists and executives from the solar industry.
Taking place during the world's largest thin-film event – Photovoltaics Thin-Film Week – this workshop will address a wide range of topics relevant to the growing CIGS industry, including high-deposition rate processes, large-area processes, uniformity and laser scribing as well as longer-term issues such as new materials and structures and tandem cell concepts. It will be held at WISTA on Rudower Chaussee 17 – 12489 Berlin-Adlershof.
"CIGS thin-film technology has attracted the most attention of all the thin-film technologies because it is less expensive than traditional silicon and has a high performance record," said XsunX's Chief Technology Officer Robert Wendt. "During the workshop, I will explain how XsunX is working to harness these high performance levels while simultaneously offering a commercially viable manufacturing solution that uses stationary small-area, high-rate, production technologies, that leverage hard disk industry material handling and automation techniques, to provide precise control of the thin-film properties in a production environment."
Working with Intevac, the leader in hard disk manufacturing equipment, to help revolutionize the solar industry, the scientific team at XsunX is combining their thin-film photovoltaic (TFPV) process knowledge with Intevac's state-of-the-art magnetic media thin-film manufacturing technologies. The result is a high-productivity, cross-industry technology intended to not only increase cell efficiency levels, but to also improve production speeds and yields – thereby, reducing the cost of solar cells.
The workshop will consist of invited presentations from not only Mr. Wendt but also his peers in the industry, including Dr. Michael Powalla of ZSW Stuttgart, Dr.Rommel Noufi of NREL (National Renewable Energy Laboratory) and Professor Hans-Werner Schock of the Helmholtz Zentrum Berlin and Technical University. For the full list of speakers, click here: https://www.helmholtz-berlin.de/projects/pvcomb/thin-film-week/cigs-workshop/speakers-cigs_en.html
About XsunX
XsunX specializes in the development and commercialization of advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes. We are currently working to develop new proprietary manufacturing systems to deliver low cost solar products based on the use of CIGS (copper indium gallium selenide) solar thin films. Utilizing cross-industry enabling technologies, these systems are being developed to deliver low cost and high yield front end CIGS solar cell manufacturing methods coupled with customized backend solar module assembly and packaging systems.
This CIGS production technology is being designed as a turn-key solution to either enable upgrades to existing infrastructure or to establish new large scale solar manufacturing capacity for the production of CIGS solar cells that can be utilized in a multitude of applications. We plan to offer joint venture manufacturing opportunities for this technology to regional partners in a number of industry types and solar applications.
For more information please call 888-797-4527, or visit the company's website at www.xsunx.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
*Disclosure- (OTCBB:XSNX ) is a previous showcase company on Investorideas.com
http://www.investorideas.com/About/Disclaimer.asp
_______________________________________________________
The renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM, Hong Kong and China markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
The renewable energy stocks directory can be previewed at : http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp.
Investor Ideas members can login to access all 4 cleantech stock directories.
http://www.investorideas.com/membership/.
Our goal - One Million More Investors Investing in Green Technology and Water Technology in 2010!
Wednesday, January 06, 2010
XsunX, Inc.Achieves Crucial Development Milestone: Announces Completed Hybrid CIGS Thin-film Solar Device
XsunX, Inc.Achieves Crucial Development Milestone: Announces Completed Hybrid CIGS Thin-film Solar Device
ALISO VIEJO, Calif., Jan. 5 -- XsunX, Inc. (XSNX:OTCBB), the developer of advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes, today announced the completion of a fully-functional CIGS (Copper Indium Gallium di Selenide) thin-film solar device.
The company is pioneering a hybrid solar cell technology that adapts manufacturing processes from the Hard Disk Drive (HDD) industry to produce CIGS solar cells deposited onto stainless steel substrate with "pseudo square" configuration which the company believes can replace traditional silicon wafer solar cells.
"With this completed sample we have reached a critical milestone in our development process, achieved through the vigilant efforts of our engineers and trusted business partner," said Tom Djokovich, CEO, XsunX, Inc. "This initial achievement illustrates a realistic set of company goals and demonstrates the strength of our relationships with the business and technical expertise that kept us on track."
Developed in partnership with an established equipment supplier to the Hard Disk Drive industry, the newly produced cell presents several compelling advantages over silicon solar wafers available on the market today.
"Approaches to mass-scale production of CIGS thin-film cells today introduce processing defects that significantly reduce cell performance," said Robert Wendt, CTO, XsunX, Inc. "Because we are leveraging stationary small-area, high-rate, production technologies and not scaling up to large area processing, we're able to strive for laboratory-metric conversion efficiencies."
In addition to being sized to match with existing HDD manufacturing processes, XsunX's new breed of TFPV manufacturing techniques will produce an appropriately proportioned cell that can be used on existing solar module production lines by manufacturers looking for a direct substitute for increasingly controversial silicon cells. Featuring a less brittle and therefore less fragile substrate, the company's CIGS device has the potential of increased yields over its silicon counterpart.
In the next stage of development, XsunX will be evaluating technical data concerning performance, conversion efficiency to continue to fine-tune each cell layer based on input collected from small-area devices, and to perfect our engineering designs.
About XsunX
XsunX specializes in the development and commercialization of advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes. We are currently working to develop new proprietary manufacturing systems to deliver low cost solar products based on the use of CIGS (copper indium gallium selenide) solar thin films. Utilizing cross-industry enabling technologies, these systems are being developed to deliver low cost and high yield front end CIGS solar cell manufacturing methods coupled with customized backend solar module assembly and packaging systems.
This CIGS production technology is being designed as a turn-key solution to either enable upgrades to existing infrastructure or to establish new large scale solar manufacturing capacity for the production of CIGS solar cells that can be utilized in a multitude of applications. We plan to offer joint venture manufacturing opportunities for this technology to regional partners in a number of industry types and solar applications.
For more information please call 888-797-4527, or visit the company's website at www.xsunx.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Disclosure - Investorideas.com owns shares in XSNX from a previous green showcase relationship for investorideas.com and renewableenergystocks.com
Read Investorideas.com disclaimers and disclosures.
________________________
Green Energy investors can research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Directory:
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ALISO VIEJO, Calif., Jan. 5 -- XsunX, Inc. (XSNX:OTCBB), the developer of advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes, today announced the completion of a fully-functional CIGS (Copper Indium Gallium di Selenide) thin-film solar device.
The company is pioneering a hybrid solar cell technology that adapts manufacturing processes from the Hard Disk Drive (HDD) industry to produce CIGS solar cells deposited onto stainless steel substrate with "pseudo square" configuration which the company believes can replace traditional silicon wafer solar cells.
"With this completed sample we have reached a critical milestone in our development process, achieved through the vigilant efforts of our engineers and trusted business partner," said Tom Djokovich, CEO, XsunX, Inc. "This initial achievement illustrates a realistic set of company goals and demonstrates the strength of our relationships with the business and technical expertise that kept us on track."
Developed in partnership with an established equipment supplier to the Hard Disk Drive industry, the newly produced cell presents several compelling advantages over silicon solar wafers available on the market today.
"Approaches to mass-scale production of CIGS thin-film cells today introduce processing defects that significantly reduce cell performance," said Robert Wendt, CTO, XsunX, Inc. "Because we are leveraging stationary small-area, high-rate, production technologies and not scaling up to large area processing, we're able to strive for laboratory-metric conversion efficiencies."
In addition to being sized to match with existing HDD manufacturing processes, XsunX's new breed of TFPV manufacturing techniques will produce an appropriately proportioned cell that can be used on existing solar module production lines by manufacturers looking for a direct substitute for increasingly controversial silicon cells. Featuring a less brittle and therefore less fragile substrate, the company's CIGS device has the potential of increased yields over its silicon counterpart.
In the next stage of development, XsunX will be evaluating technical data concerning performance, conversion efficiency to continue to fine-tune each cell layer based on input collected from small-area devices, and to perfect our engineering designs.
About XsunX
XsunX specializes in the development and commercialization of advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes. We are currently working to develop new proprietary manufacturing systems to deliver low cost solar products based on the use of CIGS (copper indium gallium selenide) solar thin films. Utilizing cross-industry enabling technologies, these systems are being developed to deliver low cost and high yield front end CIGS solar cell manufacturing methods coupled with customized backend solar module assembly and packaging systems.
This CIGS production technology is being designed as a turn-key solution to either enable upgrades to existing infrastructure or to establish new large scale solar manufacturing capacity for the production of CIGS solar cells that can be utilized in a multitude of applications. We plan to offer joint venture manufacturing opportunities for this technology to regional partners in a number of industry types and solar applications.
For more information please call 888-797-4527, or visit the company's website at www.xsunx.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Disclosure - Investorideas.com owns shares in XSNX from a previous green showcase relationship for investorideas.com and renewableenergystocks.com
Read Investorideas.com disclaimers and disclosures.
________________________
Green Energy investors can research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Directory:
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp
Sunday, December 27, 2009
Tools for Investing in Renewable Energy Stocks for 2010
Tools for Investing in Renewable Energy Stocks for 2010
POINT ROBERTS, WA and DELTA, BC –December 27 , 2009 - www.RenewableEnergyStocks.com, a leading global investor and industry portal for the renewable energy sector within www.Investorideas.com reports on investor tools for renewable energy stocks investing for 2010.
Green and alternative energy investors can research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has over 900 stocks and new stocks are added each month for investors following the sector. The directory is now available to investors in PDF format.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content that currently features an additional 8 stock directories, including the water stocks directory and investor newsletter, the Insiders Corner tracking insider buying trends in small cap stocks.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Smart Grid Stocks Preview:
ABB Ltd. (NYSE:ABB; Vienna:ABBN.VX) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB group of companies operates in some 100 countries and employs approximately 120,000 people.
Advanced Energy Industries, Inc. (NasdaqGS:AEIS) develops grid connect inverters for the solar energy market. Advanced Energy® also develops innovative power and control technologies that enable high-growth, plasma thin-film manufacturing processes worldwide, including semiconductors, flat panel displays, data storage products, solar cells, architectural glass, and other advanced product applications.
Ambient Corporation (OTCBB:ABTG) designs, develops and markets Ambient Smart Grid® communications technologies and equipment. Using open standards-based technologies along with in-depth industry experience, Ambient provides utilities with solutions for creating smart grid communication platforms and technologies.
American Superconductor (NASDAQGS:AMSC) The company operates in three segments: AMSC Wires, SuperMachines, and Power Electronic Systems. The Power Electronic Systems segment develops and sells power electronic converters, as well as integrated systems, used for power quality and reliability solutions and for wind farm applications.
Cisco Systems, Inc. (NasdaqGS:CSCO) Cisco delivers an end-to-end, IP-based secure communications infrastructure for the smart grid from generation to businesses and homes.
To learn about becoming a featured renewable energy or green stock, contact us below.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Read solar stocks commentary and the latest column of “Renewable and Solar Energy Perspectives” with J. Peter Lynch. Read his newest columns, the Solar Innovations series, looking at private companies in the sector
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy sector.
Visit the Investorideas.com Green Investor Portals: www.RenewableEnergyStocks.com ®, www.FuelCellCarNews.com ®, www.EnvironmentStocks.com, www.Water-Stocks.com and www.GreentechInvestor.com all within the Investorideas.com hub.
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Investing in Renewable Energy, Environment and Water Stocks – Get access to global stocks directories in cleantech sectors. The renewable energy stocks directory is estimated at 900 stocks and growing!
Become an Investorideas.com Member- Gain login access to 9 global stock directories including renewable energy stocks directory, environment stocks, water stocks, fuel cell stocks, biotech stocks, defense stocks, natural gas stocks, oil and gas stocks as well as the Insiders Corner investor newsletter covering insider buying trends on small cap stocks.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Disclosure: Investorideas is compensated by featured green companies, news submissions and online advertising.
Disclosure .Learn about our green showcase options for publicly traded cleantech companies. To become a showcase company, contact us below.
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com or Cali at cvanzant@investorideas.com
Source: www.RenewableEnergyStocks.com, www.Investorideas.com
POINT ROBERTS, WA and DELTA, BC –December 27 , 2009 - www.RenewableEnergyStocks.com, a leading global investor and industry portal for the renewable energy sector within www.Investorideas.com reports on investor tools for renewable energy stocks investing for 2010.
Green and alternative energy investors can research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has over 900 stocks and new stocks are added each month for investors following the sector. The directory is now available to investors in PDF format.
Investors also have the option to access the directory as part of the Investor Ideas Membership premium content that currently features an additional 8 stock directories, including the water stocks directory and investor newsletter, the Insiders Corner tracking insider buying trends in small cap stocks.
The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Smart Grid Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Smart Grid Stocks Preview:
ABB Ltd. (NYSE:ABB; Vienna:ABBN.VX) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB group of companies operates in some 100 countries and employs approximately 120,000 people.
Advanced Energy Industries, Inc. (NasdaqGS:AEIS) develops grid connect inverters for the solar energy market. Advanced Energy® also develops innovative power and control technologies that enable high-growth, plasma thin-film manufacturing processes worldwide, including semiconductors, flat panel displays, data storage products, solar cells, architectural glass, and other advanced product applications.
Ambient Corporation (OTCBB:ABTG) designs, develops and markets Ambient Smart Grid® communications technologies and equipment. Using open standards-based technologies along with in-depth industry experience, Ambient provides utilities with solutions for creating smart grid communication platforms and technologies.
American Superconductor (NASDAQGS:AMSC) The company operates in three segments: AMSC Wires, SuperMachines, and Power Electronic Systems. The Power Electronic Systems segment develops and sells power electronic converters, as well as integrated systems, used for power quality and reliability solutions and for wind farm applications.
Cisco Systems, Inc. (NasdaqGS:CSCO) Cisco delivers an end-to-end, IP-based secure communications infrastructure for the smart grid from generation to businesses and homes.
To learn about becoming a featured renewable energy or green stock, contact us below.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Read solar stocks commentary and the latest column of “Renewable and Solar Energy Perspectives” with J. Peter Lynch. Read his newest columns, the Solar Innovations series, looking at private companies in the sector
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy sector.
Visit the Investorideas.com Green Investor Portals: www.RenewableEnergyStocks.com ®, www.FuelCellCarNews.com ®, www.EnvironmentStocks.com, www.Water-Stocks.com and www.GreentechInvestor.com all within the Investorideas.com hub.
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Investing in Renewable Energy, Environment and Water Stocks – Get access to global stocks directories in cleantech sectors. The renewable energy stocks directory is estimated at 900 stocks and growing!
Become an Investorideas.com Member- Gain login access to 9 global stock directories including renewable energy stocks directory, environment stocks, water stocks, fuel cell stocks, biotech stocks, defense stocks, natural gas stocks, oil and gas stocks as well as the Insiders Corner investor newsletter covering insider buying trends on small cap stocks.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Disclosure: Investorideas is compensated by featured green companies, news submissions and online advertising.
Disclosure .Learn about our green showcase options for publicly traded cleantech companies. To become a showcase company, contact us below.
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com or Cali at cvanzant@investorideas.com
Source: www.RenewableEnergyStocks.com, www.Investorideas.com
Tuesday, November 03, 2009
Biomass News - PSCW Approves Application for Largest Biomass Plant in Midwest
PSCW Approves Application for Largest Biomass Plant in Midwest
ASHLAND, Wis.----The Public Service Commission of Wisconsin (PSCW) has unanimously approved Xcel Energy’s (NYSE: XEL) application to install biomass gasification technology at its Bay Front Power Plant in Ashland, Wis. When completed, the project will convert the plant’s remaining coal-fired unit to biomass gasification technology, allowing it to use 100 percent biomass in all three boilers and making it the largest biomass plant in the Midwest. Currently, two of the three operating units at Bay Front use biomass as their primary fuel to generate electricity.
The project, estimated at $58.1 million, will require additional biomass receiving and handling facilities at the plant, an external gasifier, minor modifications to the plant’s remaining coal-fired boiler and an enhanced air quality control system. The total generation output of the plant is not expected to change significantly as a result of the project.
“We appreciate the PSCW’s fair and thorough review of the application and believe that their decision recognizes the benefits of this project to provide environmentally-responsible, cost-effective energy to our customers and communities,” said Mike Swenson, president and CEO, Northern States Power Company-Wisconsin, an Xcel Energy. “The Bay Front project demonstrates our continuing commitment to the environment and a clean energy future. We’re helping our customers and communities practice sustainability while increasing local economic development.”
Through its purchases of wood residues and related services, the Bay Front Power Plant has a $20 million annual economic impact on a six-county region around Ashland. That economic impact will increase as the plant purchases more wood residues from area contractors.
The Bay Front Power Plant was originally constructed and began operation in 1916. In 1960, it operated five boilers and six turbines. Since then, two of the boilers, and three of the turbines, have been retired. The three remaining boilers feed into a combined steam header system that can support three turbine-generator sets.
In 2008, Xcel Energy installed NOx (nitrogen oxides) emission control equipment on the two boilers that primarily burn wood, allowing both to continue to operate into the foreseeable future. When evaluating various alternatives for the remaining boiler, which primarily burns coal, it was determined that expanding Bay Front as a biomass resource was preferred over incurring significant increases in coal costs, and also environmental compliance costs relating to the Clean Air Interstate Rule and regulations on mercury emissions.
In addition to reducing carbon dioxide emissions by switching from coal to biomass in the remaining unit, the project will drastically reduce other air emissions, including nitrogen oxides by more than 60 percent and sulfur dioxides and particulate matter by more than 80 percent.
The primary source of biomass at Bay Front is expected to be the lower quality, unused materials that are currently left in area forests following traditional harvests, such as treetops, logging slash, damaged trees, underutilized species, and the cull and mortality classed trees. Initial investigations conducted by Xcel Energy show more than ample supplies of this lower quality biomass within the area.
“We will require our contractors to use the sustainable harvesting guidelines as developed by the Wisconsin Council on Forestry and implemented by the Wisconsin Department of Natural Resources (WDNR),” Swenson said. “We will also continue to work closely with the WDNR and other local organizations to ensure the highest environmental standards are followed now and in the future when harvesting biomass in the region.”
Engineering, design and construction work is expected to begin in 2010 and the unit could be operational in late 2012.
Xcel Energy (NYSE: XEL) is a major U.S. electricity and natural gas company with regulated operations in 8 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers through its regulated operating companies. Holding company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com.
Green Energy investors can research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Directory:
ASHLAND, Wis.----The Public Service Commission of Wisconsin (PSCW) has unanimously approved Xcel Energy’s (NYSE: XEL) application to install biomass gasification technology at its Bay Front Power Plant in Ashland, Wis. When completed, the project will convert the plant’s remaining coal-fired unit to biomass gasification technology, allowing it to use 100 percent biomass in all three boilers and making it the largest biomass plant in the Midwest. Currently, two of the three operating units at Bay Front use biomass as their primary fuel to generate electricity.
The project, estimated at $58.1 million, will require additional biomass receiving and handling facilities at the plant, an external gasifier, minor modifications to the plant’s remaining coal-fired boiler and an enhanced air quality control system. The total generation output of the plant is not expected to change significantly as a result of the project.
“We appreciate the PSCW’s fair and thorough review of the application and believe that their decision recognizes the benefits of this project to provide environmentally-responsible, cost-effective energy to our customers and communities,” said Mike Swenson, president and CEO, Northern States Power Company-Wisconsin, an Xcel Energy. “The Bay Front project demonstrates our continuing commitment to the environment and a clean energy future. We’re helping our customers and communities practice sustainability while increasing local economic development.”
Through its purchases of wood residues and related services, the Bay Front Power Plant has a $20 million annual economic impact on a six-county region around Ashland. That economic impact will increase as the plant purchases more wood residues from area contractors.
The Bay Front Power Plant was originally constructed and began operation in 1916. In 1960, it operated five boilers and six turbines. Since then, two of the boilers, and three of the turbines, have been retired. The three remaining boilers feed into a combined steam header system that can support three turbine-generator sets.
In 2008, Xcel Energy installed NOx (nitrogen oxides) emission control equipment on the two boilers that primarily burn wood, allowing both to continue to operate into the foreseeable future. When evaluating various alternatives for the remaining boiler, which primarily burns coal, it was determined that expanding Bay Front as a biomass resource was preferred over incurring significant increases in coal costs, and also environmental compliance costs relating to the Clean Air Interstate Rule and regulations on mercury emissions.
In addition to reducing carbon dioxide emissions by switching from coal to biomass in the remaining unit, the project will drastically reduce other air emissions, including nitrogen oxides by more than 60 percent and sulfur dioxides and particulate matter by more than 80 percent.
The primary source of biomass at Bay Front is expected to be the lower quality, unused materials that are currently left in area forests following traditional harvests, such as treetops, logging slash, damaged trees, underutilized species, and the cull and mortality classed trees. Initial investigations conducted by Xcel Energy show more than ample supplies of this lower quality biomass within the area.
“We will require our contractors to use the sustainable harvesting guidelines as developed by the Wisconsin Council on Forestry and implemented by the Wisconsin Department of Natural Resources (WDNR),” Swenson said. “We will also continue to work closely with the WDNR and other local organizations to ensure the highest environmental standards are followed now and in the future when harvesting biomass in the region.”
Engineering, design and construction work is expected to begin in 2010 and the unit could be operational in late 2012.
Xcel Energy (NYSE: XEL) is a major U.S. electricity and natural gas company with regulated operations in 8 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.4 million electricity customers and 1.9 million natural gas customers through its regulated operating companies. Holding company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com.
Green Energy investors can research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Directory:
Thursday, October 29, 2009
EU States Failing to Support Critical Renewable Energy Investment, According to New Report by London Research International
EU States Failing to Support Critical Renewable Energy Investment, According to New Report by London Research International
LONDON- According to a new report published by London Research International (LRI) "The European Renewable Electricity Sector 2009/10: A Country Comparison of Risks and Opportunities", many EU countries are failing to offer adequate financial and institutional support for renewable electricity generation. Consequently, they are struggling to attract sufficient investment to meet their ambitious EU-mandated 2020 renewable energy (RE) targets. This is despite a considerable rise in public support in the EU for increased RE deployment and a reduction in greenhouse gas emissions, between 2006 and 2008.
In the UK, planning delays and local opposition are undermining government incentives offered to RE developers. The contribution of RE to final energy consumption in the UK was just 1.5% in 2006 (up from 1.3% in 2005) which is well below the EU 2020 target of 15%. The UK has a long way to go as confirmed by the recent report from the Committee on Climate Change, led by Lord Turner. Many other EU countries require similarly significant increases in RE production.
Key findings include:
•Spanish and German solar power markets experienced rapid growth in the last year. •The greatest opportunities for the expansion of renewable electricity generation remain in Greece, Spain, Portugal and Germany. •The lowest risks to renewable electricity investment are in Austria, Denmark and Germany, followed by the Czech Republic, Finland and Spain. •Risks are higher in the new EU member states of Romania and Slovakia. •Belgium, the UK and Italy all require additional investment in power generation, but planning risks and the lack of an attractive incentive scheme are discouraging this. •Despite having excellent resources for renewable electricity generation, grid access and planning permission risks in Greece and Italy are relatively high and thus growth is slower than in other southern European states such as Spain. •Apart from large hydro, biomass and onshore wind are the most established technologies for renewable electricity generation. •Advanced forms of biogas, such as anaerobic digestion (AD), hold the potential to follow biomass as an established generation technology across the EU. •As advances in solar power technology continue, solar power generation is expected to increase across the EU.
Access report at:www.redatabase.com/multi-country_reports.php,www.redatabase.com
Notes:
London Research International Ltd (LRI) is a rapidly growing provider of international research, consulting and marketing services. Through its newly launched renewable energy portal, www.redatabase.com, LRI aims to support increased deployment of renewable energy by providing reliable, accurate and quality renewable energy information. LRI clients include major international companies, research institutions and government offices.
For The European Renewable Electricity Sector 2009/10: A Country Comparison of Risks and Opportunities, London Research International (LRI) used a series of indices to provide a detailed rating of all of the key areas related to investing in the renewable electricity sectors of a sample of 20 EU member states. The research is unique in its use of multiple measures to develop five indices, which accurately and numerically evaluate the risks and opportunities of each member state’s renewable electricity sector. A sixth non-numeric index provides an analysis of the emerging and established technologies that are currently adequately supported through government incentives or have the potential for growth. The opportunity indices measure government incentives and power market demand and also review established/emerging technologies in the sector. The risk indices measure political will, grid connection problems and planning permission challenges. An additional comparison of the year-on-year changes in opportunities and risk indices is included in the report.
The European Renewable Electricity Sector 2009/10: A Country Comparison of Risks and Opportunities is the second in this series. The publication is updated on an annual basis in order to provide a benchmark against which to measure the progress of the EU member states in achieving their commitments to increase the share of renewable electricity to their total consumption. It is aimed at investors, government and policymakers, opinion leaders, educational institutions and environmental groups. Specifically, the research can be used as a guide by institutional investors to identify investment opportunities and assess the level of risk and attractiveness associated in this sector across the EU.
LRI also recently released, ‘The European Power Sector Analysis: Vertical Integration and Progress towards Grid Parity’.
See www.REdatabase.com for all reports.
Contacts London Research International LtdDr. Seena Rejal or Richard CarlsonTel: +44 (0)20 7378 7300Fax: +44 (0)20 7183 1899Email: info@redatabase.comor info@LondonResearchInternational.comwww.LondonResearchInternational.com
Green Energy investors can research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Directory:
LONDON- According to a new report published by London Research International (LRI) "The European Renewable Electricity Sector 2009/10: A Country Comparison of Risks and Opportunities", many EU countries are failing to offer adequate financial and institutional support for renewable electricity generation. Consequently, they are struggling to attract sufficient investment to meet their ambitious EU-mandated 2020 renewable energy (RE) targets. This is despite a considerable rise in public support in the EU for increased RE deployment and a reduction in greenhouse gas emissions, between 2006 and 2008.
In the UK, planning delays and local opposition are undermining government incentives offered to RE developers. The contribution of RE to final energy consumption in the UK was just 1.5% in 2006 (up from 1.3% in 2005) which is well below the EU 2020 target of 15%. The UK has a long way to go as confirmed by the recent report from the Committee on Climate Change, led by Lord Turner. Many other EU countries require similarly significant increases in RE production.
Key findings include:
•Spanish and German solar power markets experienced rapid growth in the last year. •The greatest opportunities for the expansion of renewable electricity generation remain in Greece, Spain, Portugal and Germany. •The lowest risks to renewable electricity investment are in Austria, Denmark and Germany, followed by the Czech Republic, Finland and Spain. •Risks are higher in the new EU member states of Romania and Slovakia. •Belgium, the UK and Italy all require additional investment in power generation, but planning risks and the lack of an attractive incentive scheme are discouraging this. •Despite having excellent resources for renewable electricity generation, grid access and planning permission risks in Greece and Italy are relatively high and thus growth is slower than in other southern European states such as Spain. •Apart from large hydro, biomass and onshore wind are the most established technologies for renewable electricity generation. •Advanced forms of biogas, such as anaerobic digestion (AD), hold the potential to follow biomass as an established generation technology across the EU. •As advances in solar power technology continue, solar power generation is expected to increase across the EU.
Access report at:www.redatabase.com/multi-country_reports.php,www.redatabase.com
Notes:
London Research International Ltd (LRI) is a rapidly growing provider of international research, consulting and marketing services. Through its newly launched renewable energy portal, www.redatabase.com, LRI aims to support increased deployment of renewable energy by providing reliable, accurate and quality renewable energy information. LRI clients include major international companies, research institutions and government offices.
For The European Renewable Electricity Sector 2009/10: A Country Comparison of Risks and Opportunities, London Research International (LRI) used a series of indices to provide a detailed rating of all of the key areas related to investing in the renewable electricity sectors of a sample of 20 EU member states. The research is unique in its use of multiple measures to develop five indices, which accurately and numerically evaluate the risks and opportunities of each member state’s renewable electricity sector. A sixth non-numeric index provides an analysis of the emerging and established technologies that are currently adequately supported through government incentives or have the potential for growth. The opportunity indices measure government incentives and power market demand and also review established/emerging technologies in the sector. The risk indices measure political will, grid connection problems and planning permission challenges. An additional comparison of the year-on-year changes in opportunities and risk indices is included in the report.
The European Renewable Electricity Sector 2009/10: A Country Comparison of Risks and Opportunities is the second in this series. The publication is updated on an annual basis in order to provide a benchmark against which to measure the progress of the EU member states in achieving their commitments to increase the share of renewable electricity to their total consumption. It is aimed at investors, government and policymakers, opinion leaders, educational institutions and environmental groups. Specifically, the research can be used as a guide by institutional investors to identify investment opportunities and assess the level of risk and attractiveness associated in this sector across the EU.
LRI also recently released, ‘The European Power Sector Analysis: Vertical Integration and Progress towards Grid Parity’.
See www.REdatabase.com for all reports.
Contacts London Research International LtdDr. Seena Rejal or Richard CarlsonTel: +44 (0)20 7378 7300Fax: +44 (0)20 7183 1899Email: info@redatabase.comor info@LondonResearchInternational.comwww.LondonResearchInternational.com
Green Energy investors can research stocks with the Renewable Energy Stocks Directory, one of the most comprehensive directories online. The directory has close to 900 stocks and new stocks are added each month for investors following the sector. The complete renewable energy stocks directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and Green Infrastructure Stocks.
Directory:
Tuesday, July 28, 2009
Investor Ideas Best Green Investor tools Include Renewable Energy Stocks Directory, Green Funding Directory and Renewable Energy Stocks News
Investor Ideas Best Green Investor tools Include Renewable Energy Stocks Directory, Green Funding Directory and Renewable Energy Stocks News and Green Business News RSS Feed
POINT ROBERTS, Wash., Delta B.C., July 28, 2009 - www.InvestorIdeas.com, a leading online global investor resource, with a primary focus on environment, water and renewable energy investing, features its best green investor tools at the Investor Ideas Green Investor pages.
Investor Ideas profiled best green investor tools include the Renewable energy stocks directory, Green Funding Directory and our Renewable Energy Stocks News and Green Business News RSS Feed.
The recently launched Global Green Fund and Venture Capital Directory was created for green CEO’s and entrepreneurs to source potential funding to grow their business.
The global directory is currently available for purchase in a PDF format for $99 and will be changed over to an online directory accessible by login to paying members, updated monthly.
The Green funds, VC’s and Private Equity firms are listed by Country: Firm, description, specialty, contact info and link to contact webpage.
Visitors can review the format and preview the directory at the Renewable Energy Funds and Venture Capital Investing page at Investor Ideas. Learn More:
http://www.renewableenergystocks.com/Companies/RenewableEnergy/Funds-and-Venture-Capital-Investing.asp
Global Green Fund and Venture Capital Directory Sample/preview:
Additionally The Investor Ideas Marketplace is a meeting place created for connecting global companies in leading sectors, seeking strategic partnerships, funding, management, mergers and acquisitions, licensing or branding. The Global Green Marketplace has a growing network of green and renewable energy companies seeking funding /partners, management and a growing global network providing venture capital and equity funding with an intention to go public. Investorideas.com was one of the first online investor resources providing in-depth information on renewable energy – with its Renewableenergystocks.com portal.
Visit the Public Marketplace:
Accredited Investors and Companies seeking funding can register and request info online. Approved accredited investors can view the secure marketplace pages featuring executive summaries of each company. Approved companies can be added to the growing list of companies.
Register and sign up to view the private access link or to have your company added:
Subscribe to the Marketplace Business, Venture, Capital and Funding News RSS Feed
http://www.investorideas.com/RSS/feeds/MP.xml
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia and one of the first online investor resources providing in-depth information on renewable energy, homeland security and water.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy sector.
Green Investor Content:
Green IPO Watch: http://www.investorideas.com/IPO/green.asp
Solar Energy Perspectives with J. Peter Lynch: http://www.investorideas.com/RSS/feeds/PL.xml
Become an Investorideas.com Member- Research water, renewable energy and environment publicly traded companies in global markets
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Stock Directories including renewable energy, water, biotech and defense stocks.
Become an InvestorIdeas.com member
Investor Ideas members following green stocks can access comprehensive global stock directories in renewable energy, water stocks and environment and fuel cell stocks.
About InvestorIdeas.com:
Investorideas.com Mission Statement
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Investorideas.com Vision Statement
To be known as a global destination to investors of all levels, as a base to facilitate and direct ideas, networking and investment, resulting in global change for good. To become a global leader in green and water investing.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Or Cali Van Zant, cvanzant@investorideas.com
Source – Investorideas.com
Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/
InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content
POINT ROBERTS, Wash., Delta B.C., July 28, 2009 - www.InvestorIdeas.com, a leading online global investor resource, with a primary focus on environment, water and renewable energy investing, features its best green investor tools at the Investor Ideas Green Investor pages.
Investor Ideas profiled best green investor tools include the Renewable energy stocks directory, Green Funding Directory and our Renewable Energy Stocks News and Green Business News RSS Feed.
The recently launched Global Green Fund and Venture Capital Directory was created for green CEO’s and entrepreneurs to source potential funding to grow their business.
The global directory is currently available for purchase in a PDF format for $99 and will be changed over to an online directory accessible by login to paying members, updated monthly.
The Green funds, VC’s and Private Equity firms are listed by Country: Firm, description, specialty, contact info and link to contact webpage.
Visitors can review the format and preview the directory at the Renewable Energy Funds and Venture Capital Investing page at Investor Ideas. Learn More:
http://www.renewableenergystocks.com/Companies/RenewableEnergy/Funds-and-Venture-Capital-Investing.asp
Global Green Fund and Venture Capital Directory Sample/preview:
Additionally The Investor Ideas Marketplace is a meeting place created for connecting global companies in leading sectors, seeking strategic partnerships, funding, management, mergers and acquisitions, licensing or branding. The Global Green Marketplace has a growing network of green and renewable energy companies seeking funding /partners, management and a growing global network providing venture capital and equity funding with an intention to go public. Investorideas.com was one of the first online investor resources providing in-depth information on renewable energy – with its Renewableenergystocks.com portal.
Visit the Public Marketplace:
Accredited Investors and Companies seeking funding can register and request info online. Approved accredited investors can view the secure marketplace pages featuring executive summaries of each company. Approved companies can be added to the growing list of companies.
Register and sign up to view the private access link or to have your company added:
Subscribe to the Marketplace Business, Venture, Capital and Funding News RSS Feed
http://www.investorideas.com/RSS/feeds/MP.xml
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia and one of the first online investor resources providing in-depth information on renewable energy, homeland security and water.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy sector.
Green Investor Content:
Green IPO Watch: http://www.investorideas.com/IPO/green.asp
Solar Energy Perspectives with J. Peter Lynch: http://www.investorideas.com/RSS/feeds/PL.xml
Become an Investorideas.com Member- Research water, renewable energy and environment publicly traded companies in global markets
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Stock Directories including renewable energy, water, biotech and defense stocks.
Become an InvestorIdeas.com member
Investor Ideas members following green stocks can access comprehensive global stock directories in renewable energy, water stocks and environment and fuel cell stocks.
About InvestorIdeas.com:
Investorideas.com Mission Statement
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Investorideas.com Vision Statement
To be known as a global destination to investors of all levels, as a base to facilitate and direct ideas, networking and investment, resulting in global change for good. To become a global leader in green and water investing.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising.
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Or Cali Van Zant, cvanzant@investorideas.com
Source – Investorideas.com
Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/
InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content
Wednesday, March 11, 2009
Total to Invest 1 Billion Euros in France to Adapt and Consolidate Its Refining and Petrochemicals Operations and Pursue Growth in Solar Energy
Total Plans to Invest More Than 1 Billion Euros in France to Adapt and Consolidate Its Refining and Petrochemicals Operations and Pursue Its Growth in Solar Energy
PARIS--March 10 2009 --In a challenging economic environment, Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is continuing to work to secure the future. As part of its efforts to do so, upgrading of its industrial base remains a priority. The Group has therefore planned to invest more than 1 B€ in refining, petrochemicals and solar energy in France.
The planned investments will create an average of over 1,000 jobs a year between 2009 and 2011, which will have a significant impact on economic activity and employment of the regions concerned.
Total is also pursuing its growth in solar energy and, in partnership with GDF Suez, it plans to build a plant in the Carling region in eastern France to manufacture silicon wafers for the photovoltaic industry. The initial investment for the plant, which will employ approximately 100 people, is estimated at 70 M€.
The Refining & Marketing division and Total Petrochemicals France plans were submitted to the Central Works Councils concerned today.
No layoffs are planned. Over a period of more than three years ending in mid-2013, the workforce will be gradually rescaled, by 555 positions, through internal placement, retirements, a dedicated early retirement plan, and the introduction of a furlough system.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is a leading global oil and gas company with operations in more than 130 countries. Its 96,000 employees put their expertise to work across the industry, from exploration and production of oil and natural gas to refining and marketing to gas, power and trading. It is also a world-class chemical producer. Total is working to keep the world supplied with energy, both today and tomorrow. www.total.com
Adapting Total’s Refining Base in France
Total Refining & Marketing division today announced an industrial plan at a special meeting of the Central Works Council to adapt its refining base in France, primarily by reconfiguring the Normandy refinery and rescaling certain corporate departments at its Paris headquarters.
The Normandy refinery project will shift the production emphasis to diesel, as oil consumption diminishes and gasoline surpluses increase in France. Some 770 M€ will be spent to upgrade and reconfigure the facility, reducing its refining capacity to 12 million metric tons a year from 16 million tons. At the same time, the distillate hydrocracker (DHC) commissioned in 2006, which enables diesel production, will be upsized.
These investments will lift the annual average diesel output by 10% and reduce surplus gasoline output by 60%. A significant number of jobs will be created for the contractors who perform the necessary work. The reconfiguration will also reduce carbon emissions from the refinery by approximately 25%, or 1 million tons a year.
Total is not planning any layoffs and is committed to finding appropriate solutions for the employees concerned by the 249 jobs that will be lost by 2013, with an emphasis on internal placement.
Implementation of this project, which is concurrent with but not linked to the Total Petrochemicals France plan, is subject to prior consultation with employee representatives from the Unit of Economic and Employee Interest of the Downstream segment.
Upgrading and Consolidation at Total Petrochemicals France
At a special meeting of the Central Works Council today, Total Petrochemicals France presented a plan to upgrade its most efficient units and consolidate the company to safeguard its competitiveness, in response to the structural deterioration of its markets, which are burdened with lasting overcapacity.
As part of the project, approximately 230 M€ will be invested to bring to the most efficient level the energy efficiency and competitive strength of the steamcracker and high-density polyethylene (HDPE) unit in Gonfreville and to consolidate polystyrene production at the Carling facility.
It will also lead to the closure of structurally loss-making units — a low-density polyethylene line in Carling in eastern France and a low-density polyethylene line and a polystyrene line in Gonfreville in northwestern France. The plan will streamline production facility organization, concentrate customer technical support ─ currently provided in part from Mont in southwestern France ─ at the Feluy complex in Belgium, and rescale Paris headquarters operations to the company’s new scope. The Lacq Research Center in southwestern France will be expanded to focus on state-of-the-art activities for all of Total’s businesses.
Furthermore, following the sole customer’s termination of the supply contract for secondary butyl alcohol produced at the Notre-Dame-de-Gravenchon facility in northwestern France, Total Petrochemicals France will have to close this dedicated facility.
Total is not planning any layoffs and is committed to finding appropriate solutions for the employees concerned by the 306 jobs that will be lost through 2012, with an emphasis on internal placement.
Implementation of this project, which is concurrent with but not linked to the Total Refining & Marketing plan, is subject to prior consultation with employee representatives from Total Petrochemicals France.
TOTAL2, place Jean MillierLa Défense 692 400 Courbevoie FranceFax: + 33 (0) 1 47 44 68 21
TOTAL S.A.Capital 5 929 520 185 euros542 051 180 R.C.S. Nanterre
www.total.com
Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/
InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content
PARIS--March 10 2009 --In a challenging economic environment, Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is continuing to work to secure the future. As part of its efforts to do so, upgrading of its industrial base remains a priority. The Group has therefore planned to invest more than 1 B€ in refining, petrochemicals and solar energy in France.
The planned investments will create an average of over 1,000 jobs a year between 2009 and 2011, which will have a significant impact on economic activity and employment of the regions concerned.
Total is also pursuing its growth in solar energy and, in partnership with GDF Suez, it plans to build a plant in the Carling region in eastern France to manufacture silicon wafers for the photovoltaic industry. The initial investment for the plant, which will employ approximately 100 people, is estimated at 70 M€.
The Refining & Marketing division and Total Petrochemicals France plans were submitted to the Central Works Councils concerned today.
No layoffs are planned. Over a period of more than three years ending in mid-2013, the workforce will be gradually rescaled, by 555 positions, through internal placement, retirements, a dedicated early retirement plan, and the introduction of a furlough system.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is a leading global oil and gas company with operations in more than 130 countries. Its 96,000 employees put their expertise to work across the industry, from exploration and production of oil and natural gas to refining and marketing to gas, power and trading. It is also a world-class chemical producer. Total is working to keep the world supplied with energy, both today and tomorrow. www.total.com
Adapting Total’s Refining Base in France
Total Refining & Marketing division today announced an industrial plan at a special meeting of the Central Works Council to adapt its refining base in France, primarily by reconfiguring the Normandy refinery and rescaling certain corporate departments at its Paris headquarters.
The Normandy refinery project will shift the production emphasis to diesel, as oil consumption diminishes and gasoline surpluses increase in France. Some 770 M€ will be spent to upgrade and reconfigure the facility, reducing its refining capacity to 12 million metric tons a year from 16 million tons. At the same time, the distillate hydrocracker (DHC) commissioned in 2006, which enables diesel production, will be upsized.
These investments will lift the annual average diesel output by 10% and reduce surplus gasoline output by 60%. A significant number of jobs will be created for the contractors who perform the necessary work. The reconfiguration will also reduce carbon emissions from the refinery by approximately 25%, or 1 million tons a year.
Total is not planning any layoffs and is committed to finding appropriate solutions for the employees concerned by the 249 jobs that will be lost by 2013, with an emphasis on internal placement.
Implementation of this project, which is concurrent with but not linked to the Total Petrochemicals France plan, is subject to prior consultation with employee representatives from the Unit of Economic and Employee Interest of the Downstream segment.
Upgrading and Consolidation at Total Petrochemicals France
At a special meeting of the Central Works Council today, Total Petrochemicals France presented a plan to upgrade its most efficient units and consolidate the company to safeguard its competitiveness, in response to the structural deterioration of its markets, which are burdened with lasting overcapacity.
As part of the project, approximately 230 M€ will be invested to bring to the most efficient level the energy efficiency and competitive strength of the steamcracker and high-density polyethylene (HDPE) unit in Gonfreville and to consolidate polystyrene production at the Carling facility.
It will also lead to the closure of structurally loss-making units — a low-density polyethylene line in Carling in eastern France and a low-density polyethylene line and a polystyrene line in Gonfreville in northwestern France. The plan will streamline production facility organization, concentrate customer technical support ─ currently provided in part from Mont in southwestern France ─ at the Feluy complex in Belgium, and rescale Paris headquarters operations to the company’s new scope. The Lacq Research Center in southwestern France will be expanded to focus on state-of-the-art activities for all of Total’s businesses.
Furthermore, following the sole customer’s termination of the supply contract for secondary butyl alcohol produced at the Notre-Dame-de-Gravenchon facility in northwestern France, Total Petrochemicals France will have to close this dedicated facility.
Total is not planning any layoffs and is committed to finding appropriate solutions for the employees concerned by the 306 jobs that will be lost through 2012, with an emphasis on internal placement.
Implementation of this project, which is concurrent with but not linked to the Total Refining & Marketing plan, is subject to prior consultation with employee representatives from Total Petrochemicals France.
TOTAL2, place Jean MillierLa Défense 692 400 Courbevoie FranceFax: + 33 (0) 1 47 44 68 21
TOTAL S.A.Capital 5 929 520 185 euros542 051 180 R.C.S. Nanterre
www.total.com
Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml
Become an Investorideas.com Member
Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/
InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content
Monday, December 29, 2008
Be ready for Investing in 2009 with Water Stocks Directory, Renewable Energy Stocks Directory
Be ready for Investing in 2009 with Water Stocks Directory, Renewable Energy Stocks Directory
POINT ROBERTS, Wash., Delta B.C., December 29, 2008 - www.InvestorIdeas.com, one of the first online investor resources providing in-depth information on renewable energy, greentech and water, provides independent investors access to research tools for making investment decisions moving into 2009 with a new Obama administration.
With Obama’s mandate for renewable energy and infrastructure spending and job creation, investors researching the sectors can use the stock directories and resources at Investorideas.com to make their investment decisions.
Investors in Biotech are also anticipating an upbeat year in the sector in 2009. Investor Ideas has just added the updated Biotech Stocks Directory to the growing list of tools and resources for members.
Investorideas.com has upgraded memberships to include access to restricted content at the Water Stocks Directory, Renewable Energy Stocks Directory and the most recent addition; the Biotech Stocks Directory.
Investor Ideas research tools empower independent investors to facilitate their own research. The
Stock directories are also a useful tool for brokers, institutions and funds in the relative sectors.
The water stocks directory is part of the content at the Water-stocks.com portal at Investorideas.com that also features the Investing in Water Podcast.
Water stocks directory: http://www.investorideas.com/Water-Stocks/Stock_List.asp
The complete renewable energy stocks directory is now members only access page.
The directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and recently added Green Infrastructure Stocks.
Renewableenergystocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Subscribe to the Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
“The Insiders Corner “http://www.investorideas.com/insiderscorner/ By Michael Brush is also an Investorideas.com members only feature. Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Become an Investorideas.com Member
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content.
Become an InvestorIdeas.com -Learn more: - click here http://www.investorideas.com/membership/
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
POINT ROBERTS, Wash., Delta B.C., December 29, 2008 - www.InvestorIdeas.com, one of the first online investor resources providing in-depth information on renewable energy, greentech and water, provides independent investors access to research tools for making investment decisions moving into 2009 with a new Obama administration.
With Obama’s mandate for renewable energy and infrastructure spending and job creation, investors researching the sectors can use the stock directories and resources at Investorideas.com to make their investment decisions.
Investors in Biotech are also anticipating an upbeat year in the sector in 2009. Investor Ideas has just added the updated Biotech Stocks Directory to the growing list of tools and resources for members.
Investorideas.com has upgraded memberships to include access to restricted content at the Water Stocks Directory, Renewable Energy Stocks Directory and the most recent addition; the Biotech Stocks Directory.
Investor Ideas research tools empower independent investors to facilitate their own research. The
Stock directories are also a useful tool for brokers, institutions and funds in the relative sectors.
The water stocks directory is part of the content at the Water-stocks.com portal at Investorideas.com that also features the Investing in Water Podcast.
Water stocks directory: http://www.investorideas.com/Water-Stocks/Stock_List.asp
The complete renewable energy stocks directory is now members only access page.
The directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks and recently added Green Infrastructure Stocks.
Renewableenergystocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Subscribe to the Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
“The Insiders Corner “http://www.investorideas.com/insiderscorner/ By Michael Brush is also an Investorideas.com members only feature. Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Become an Investorideas.com Member
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content.
Become an InvestorIdeas.com -Learn more: - click here http://www.investorideas.com/membership/
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
Sunday, December 14, 2008
Independent Investor Research Tools; Be ready for 2009 with Water Stocks Directory, Renewable Energy Stocks Directory, Insiders Corner
Independent Investor Research Tools; Be ready for 2009 with Water Stocks Directory, Renewable Energy Stocks Directory, Insiders Corner and Weekly Top 25 Search Trends
POINT ROBERTS, Wash., Delta B.C., December 15, 2008 - www.InvestorIdeas.com, one of the first online investor resources providing in-depth information on renewable energy, greentech and water, provides independent investors access to research tools for making investment decisions moving into 2009 with a new Obama administration.
With Obama’s mandate for renewable energy and infrastructure spending and job creation, investors researching the sectors can use the stock directories and resources at Investorideas.com to make their investment decisions.
Investorideas.com has upgraded memberships to include access to restricted content at the water stocks directory, the Michael Brush Insider’s Corner, the Complete Renewable Energy Stocks Directory and inside access to weekly top 25 investor search trends.
The water stocks directory is part of the content at the Water-stocks.com portal at Investorideas.com that also features the Investing in Water Podcast.
Water stocks directory: http://www.investorideas.com/Water-Stocks/Stock_List.asp
The complete renewable energy stocks directory is now members only access page.
The directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks.
Renewableenergystocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Subscribe to the Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
“The Insiders Corner “http://www.investorideas.com/insiderscorner/ By Michael Brush is also an Investorideas.com members only feature. Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Become an Investorideas.com Member
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content.
Become an InvestorIdeas.com -Learn more: - click here http://www.investorideas.com/membership/
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
POINT ROBERTS, Wash., Delta B.C., December 15, 2008 - www.InvestorIdeas.com, one of the first online investor resources providing in-depth information on renewable energy, greentech and water, provides independent investors access to research tools for making investment decisions moving into 2009 with a new Obama administration.
With Obama’s mandate for renewable energy and infrastructure spending and job creation, investors researching the sectors can use the stock directories and resources at Investorideas.com to make their investment decisions.
Investorideas.com has upgraded memberships to include access to restricted content at the water stocks directory, the Michael Brush Insider’s Corner, the Complete Renewable Energy Stocks Directory and inside access to weekly top 25 investor search trends.
The water stocks directory is part of the content at the Water-stocks.com portal at Investorideas.com that also features the Investing in Water Podcast.
Water stocks directory: http://www.investorideas.com/Water-Stocks/Stock_List.asp
The complete renewable energy stocks directory is now members only access page.
The directory features stocks listed on the TSX, OTC, NASDAQ, NYSE, AMEX, ASX, AIM markets and other leading exchanges. The directory includes info and links on Alternative Energy Funds, Biogas and Ethanol Stocks, Energy Efficiency Stocks, Flywheel Stocks, Fuel Cell Stocks, Geothermal Stocks, Hydrogen Production, Micro Turbine Stocks, Solar Stocks, Green Transportation, Wind Power and Wind Energy Stocks.
Renewableenergystocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Subscribe to the Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
“The Insiders Corner “http://www.investorideas.com/insiderscorner/ By Michael Brush is also an Investorideas.com members only feature. Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Become an Investorideas.com Member
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content.
Become an InvestorIdeas.com -Learn more: - click here http://www.investorideas.com/membership/
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
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