Solar Stocks News ; SunPower ( SPWRA, SPWRB) Reports Fourth-Quarter, Year-End 2009 Results
-- Record Q4-2009 revenue of $548 million; fiscal-year 2009 revenue of $1.52 billion
-- Q4 GAAP EPS of $0.09 and non-GAAP EPS of $0.47 - includes $0.03 per share in accounting investigation expenses
-- Completed largest solar power plant in Italy, 24-megawatt (MW) project in Montalto
-- Completed construction of more than 100-MW rooftop and ground mount systems in 2009
-- More than doubled the number of SunPower dealers in 2009 to ~1,000 dealers in eight countries
-- Announced the acquisition of SunRay Renewable Energy - will add 1.2 gigawatt pipeline
-- Announced 200 MW, five year rooftop supply agreement with Southern California Edison
-- Financed 19-MW power plant for Xcel Energy in Colorado to be completed in 2010
-- Announced 32-MW supply agreement with Toshiba for 2010 delivery
-- Appointed Jim Pape to lead Residential and Commercial (R&C) business unit
SAN JOSE, Calif., March 18 ( Investorideas.com renewable energy/green newswire) -- SunPower Corp. ( SPWRA, SPWRB) today announced financial results for its 2009 fourth quarter and fiscal year 2009 which ended January 3, 2010. Revenue for the 2009 fourth quarter was $548 million which compares to $465 million in the third quarter of 2009 and $398 million in the fourth quarter of 2008. The company’s Components and Systems segments accounted for 62% and 38% of fourth-quarter 2009 revenue, respectively. The company also issued a press release reporting the results of its audit committee investigation concurrent with this release.
“Our 2009 year-end results reflect the continued success of our portfolio strategy to channels and geographic markets as we further expanded our global dealer presence and completed construction of more than 40 megawatts (MW) of large scale power plant projects during the fourth quarter,” said Tom Werner, SunPower’s CEO. “In the past four years, we have invested heavily in our long-term strategy of building our brand and channel, and this investment continues to pay off. In the residential channel, our strong brand enabled us to double the number of dealer partners in 2009 and we are selling our high-efficiency systems to approximately 1,000 dealer partners in eight countries. Additionally, as a result of our rapid growth and expanding customer base, we have started to re-align our business units into Residential and Commercial (R&C) and Utilities and Power Plants (UPP). As part of this strategy, we have appointed Jim Pape, former vice president of North America for Trane Commercial Systems, to lead our R&C business group. With more than 25 years of management experience, we are excited to have Jim join the team.
“In the systems segment, we added to our industry-leading installed base by delivering on our engineering, procurement and construction (EPC) commitments, installing more than 100 MW of rooftop and ground mounted systems in 2009. In the fourth quarter, we completed the largest Italian photovoltaic (PV) power plant to date at 24 MW, installed 10 MW for Florida Power & Light at the Kennedy Space Center, and substantially completed our 8-MW project for Exelon in Chicago. We are also encouraged by the continued improvement in credit conditions as evidenced by the recent financing of our 19-MW project with Xcel Energy in Colorado.
“Additionally, our global UPP pipeline continues to grow as customers are choosing SunPower for our industry-leading technology, bankability, significant EPC experience, and ability to offer a competitive levelized cost of energy. With the acquisition of SunRay Renewable Energy, we will significantly increase our demand visibility by adding more than 1,200 MW of Europe, Middle East and Africa (EMEA) power plant opportunities to our pipeline with more than 80 MW planned for delivery in Italy in 2010. This acquisition of the premiere European developer and financing team complements our established European team, enabling us to offer our customers a world-class utility power plant development expertise in both the United States and Europe. Looking forward, we see demand remaining strong for 2010 across all segments. Our recent wins with Toshiba and Southern California Edison position us well for multi-year supply agreements in our UPP business on top of our continued success in R&C,” Werner concluded.
On a Generally Accepted Accounting Principles (GAAP) basis for the 2009 fourth quarter, SunPower reported gross margin of 20.3%, operating income of $43.0 million and net income per diluted share of $0.09. This compares to gross margin of 21.5%, operating income of $46.2 million and net income per diluted share of $0.20 in the third quarter of 2009. As a result of the restatement, the fourth quarter of 2009 includes a $2.6 million benefit, or $0.02 earnings per share. The company’s fourth-quarter GAAP results include $3.6 million, or $0.03 per diluted share, in expenses related to its recently completed accounting investigation.
On a non-GAAP basis for the fourth quarter of 2009, SunPower reported a total gross margin of 21.7%. Operating income for the quarter was $60.3 million and net income per share was $0.47. The company’s fourth-quarter non-GAAP results include $3.6M million, or $0.03 per diluted share, in expenses related to the completed accounting investigation. As a result of the restatement, the fourth quarter of 2009 includes a $2.6 million benefit, or $0.02 earnings per share. In the third quarter 2009, the company reported non-GAAP gross margin of 23.1%, operating income of $63.8 million and $0.46 net income per share. For the 2009 fourth quarter, the Components segment non-GAAP gross margin was 21.5% and Systems segment gross margin was 21.9%. Non-GAAP figures are reconciled to the closest GAAP equivalent categories in the financial attachment of this press release.
“We improved our working capital efficiency during the fourth quarter reducing inventories by 12%, generating positive operating cash flow and ending the year with more than $925 million in cash and investments,” said Dennis Arriola, SunPower’s CFO. “Despite the difficult industry conditions in the first half of 2009, we grew revenue by 6% versus 2008. With the completion of the audit committee investigation, our efforts will focus on strengthening the trust with our stakeholders, customers and employees while driving increased shareholder value.
“Looking forward, our acquisition of SunRay positions us for more predictable growth in the second half of 2010 and into 2011. By extending into the development business, we expect to expand our gross profits as we monetize these power plants. We will strategically use our balance sheet to accelerate the development of these projects. This strategy will significantly shift the timing of revenue of these projects from the first half of the year to the second half of 2010,” concluded Arriola.
2010 Guidance
For fiscal year 2010, the company’s non-GAAP guidance is as follows: revenue of $2.0 billion to $2.25 billion, net income per diluted share of $1.25 to $1.65, capital expenditures of $375 million to $475 million, and solar cell production of approximately 550 MW. For fiscal year 2010, the company’s GAAP guidance is as follows: revenue of $2.00 billion to $2.25 billion and net income per diluted share of $0.05 to $0.35.
For the first quarter of 2010, the company’s non-GAAP guidance is as follows: revenue of $330 million to $350 million and net income per diluted share of approximately $0.05. Guidance for the first quarter of 2010 includes the negative impact of $3.3 million or $0.03 per diluted share in SunRay acquisition costs and $5.3 million or $0.04 per diluted share in costs associated with the company’s accounting investigation.
For the first quarter of 2010, the company’s GAAP guidance is as follows: revenue of $330 million to $350 million and net income per diluted share of approximately breakeven. Guidance includes the negative impact from the company’s accounting investigation and SunRay acquisition referenced above.
This press release contains both GAAP and non-GAAP financial information. Non-GAAP figures are reconciled to the closest GAAP equivalent categories in the financial attachment of this press release. Please note that the company has posted supplemental information and slides related to its fourth quarter 2009 performance on the Events and Presentations section of the SunPower Investor Relations page at http://investors.sunpowercorp.com/events.cfm. The capacity of power plants in this release is described in approximate MW on an alternating current (ac) basis while supply agreements are expressed in direct current (dc).
About SunPower
Founded in 1985, SunPower Corp. ( SPWRA, SPWRB) designs, manufactures and delivers the planet's most powerful solar technology broadly available today. Residential, business, government and utility customers rely on the company's experience and proven results to maximize return on investment. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe, Australia and Asia. For more information, visit www.sunpowercorp.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not represent historical facts and may be based on underlying assumptions. The company uses words and phrases such as "pipeline," "to be completed," "rapid," "growth," "expanding," "continues," "grow," "opportunities," "planed," "looking forward," "see," "demand," "remaining," "position," "continued," "predictable," "will," "guidance," and "expects" to identify forward-looking statements in this press release, including forward-looking statements regarding: (a) acquisition of SunRay and increase in business pipeline of 1.2 gigawatt pipeline of opportunities in Europe, Middle East and Africa, including including more than 80 MW planned for delivery in Italy in 2010; (b) 200 MW, 5-year supply agreement with Southern California Edison; (c) construction schedule for 19-MW power plant for Xcel Energy; (d) rapid growth, expanding customer base, growing global UPP pipeline, and strong demand for 2010 across all segments; (e) improving credit conditions and bankability of SunPower projects; (f) the company's ability to offer competitive levelized cost of energy; (g) possible multi-year supply agreements in the company's UPP business and continued success in R&C; (h) increasing shareholder value; (i) predictable growth and expanding gross margins when the company monetizes power plants; (j) using the company's balance sheet to accelerate project development; (k) shifting revenue from first half of 2010 to second half of 2010; (l) GAAP and non-GAAP fiscal year 2010 revenue and net income per diluted share; (m) 2010 capital expenditures and solar cell production; (n) GAAP and non-GAAP first quarter 2010 revenue and net income per diluted share; and (o) estimated SunRay acquisition costs and accounting investigation costs. Such forward-looking statements are based on information available to the company as of the date of this release and involve a number of risks and uncertainties, some beyond the company's control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including risks and uncertainties such as: (i) the company's ability to obtain and maintain an adequate supply of raw materials and components, as well as the price it pays for such items; (ii) general business and economic conditions, including seasonality of the industry; (iii) growth trends in the solar power industry; (iv) the continuation of governmental and related economic incentives promoting the use of solar power, particularly in Europe, Middle East, and Africa within the acquired pipeline; (v) the improved availability of third-party financing arrangements for the company's customers; (vi) construction difficulties or potential delays, including permitting and transmission access and upgrades; (vii) the company's ability to ramp new production lines and realize expected manufacturing efficiencies; (viii) manufacturing difficulties that could arise; (ix) the success of the company's ongoing research and development efforts to compete with other companies and competing technologies; (x) the company's ability to sell or otherwise monetize power plants; (xi) SCE's exercising early termination rights to purchase less than 200 megawatts during the term of the agreement; (xii) the satisfaction of closing conditions and the possibility that SunRay acquisition may not be completed; (xiii) potential difficulties associated with integrating the combined businesses; and (xiv) other risks described in the company's Annual Report on Form 10-K for the year ended December 28, 2008, its Quarterly Report on Form 10-Q for the quarter ended September 27, 2009, and other filings with the Securities and Exchange Commission. These forward-looking statements should not be relied upon as representing the company's views as of any subsequent date, and the company is under no obligation to, and expressly disclaims any responsibility to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Segment Reporting Information
For fourth quarter 2009 reporting purposes, the Systems segment generally represents products and services sold directly to the system owner. Additionally, both SunPower and third-party solar panels sold through the Systems segment channels are recorded as Systems segment revenue. The Components segment primarily represents products sold to installers and resellers.
Non-GAAP Measures
To supplement the consolidated financial results prepared under GAAP, SunPower uses non-GAAP measures which are adjusted from the most directly comparable GAAP results to exclude non-cash charges related to amortization of intangible assets, stock-based compensation, impairment of long-lived assets and interest expense, non-cash gain on purchased options related to the company’s convertible debt offering, and its related tax effects. Management does not consider these charges in evaluating the core operational activities of SunPower. Management uses these non-GAAP measures internally to make strategic decisions, forecast future results and evaluate SunPower’s current performance. Most analysts covering SunPower use the non-GAAP measures as well. Given management’s use of these non-GAAP measures, SunPower believes these measures are important to investors in understanding SunPower’s current and future operating results as seen through the eyes of management. In addition, management believes these non-GAAP measures are useful to investors in enabling them to better assess changes in SunPower’s core business across different time periods. These non-GAAP measures are not in accordance with or an alternative for GAAP financial data and may be different from non-GAAP measures used by other companies.
Fiscal Periods
The Company reports on a fiscal-year basis and ends its quarters on the Sunday closest to the end of the applicable calendar quarter, except in a 53-week fiscal year, in which case the additional week falls into the fourth quarter of that fiscal year. Fiscal year 2009 consists of 53 weeks while fiscal year 2008 consists of 52 weeks. The third quarter of fiscal 2009 ended on September 27, 2009 and the third quarter of fiscal 2008 ended on September 29, 2008.
SunPower is a registered trademark of SunPower Corp. All other trademarks are the property of their respective owners.
Finanancial tables see Investor relations - http://investors.sunpowercorp.com
_________________________________________________
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Thursday, March 18, 2010
Green Investor News, Poll: 3 out of 4 Americans Approve of Solar Energy Development on Public Lands
Green Investor News, Poll: 3 out of 4 Americans Approve of Solar Energy Development on Public Lands
Solar farms selected as top energy source for government support
WASHINGTON, March 18 ( Investorideas.com renewable energy/green newswire ) The Solar Energy Industries Association (SEIA) today released new national polling data showing that 75 percent of those surveyed support the development of solar energy plants on public lands not set aside for national parks or nature preserves. The poll was conducted by Gotham Research Group.
"This polling data confirms what we already knew," said SEIA President and CEO Rhone Resch. "The American public overwhelmingly supports the development of solar energy. It is time for our elected officials to respond to this high public demand and enact policies that allow solar to compete with other energy sources on a level playing field."
The survey also revealed that solar power was the top choice (38 percent) as the best use of public land. Respondents also selected solar farms and wind power (22 percent each) as the top energy sources that the government should prioritize for support, beating out natural gas (16 percent), nuclear (16 percent), oil (11 percent) and coal (4 percent).
The outlook for utility-scale solar in the U.S. is promising. Five new plants came online in 2009 (total 58 MW) and there are more than 100 utility-scale solar projects under development. These projects represent more than 17 gigawatts of capacity, enough to provide clean power to 3.4 million households and will create more than 100,000 American jobs.
"We expect a banner year for 2010, with more than 200 megawatts of utility-scale projects coming online," added Resch.
The findings of the survey are based on polling conducted from February 24 through February 26, 2010 among a representative sample of 500 U.S. adults, age 18+. The margin of error on the total sample of 500 is +/- 4.4 percent.
About SEIA:
Established in 1974, the Solar Energy Industries Association is the national trade association of the solar energy industry. As the voice of the industry, SEIA works with its 1,000 members to make solar a mainstream and significant energy source by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Learn more at www.seia.org.
Background Resources:
Utility-Scale Solar Poll Findings by Gotham Research:
http://seia.org/galleries/pdf/UtilityScalePollResults.pdf
Utility-Scale Solar Fact Sheets:
http://www.seia.org/cs/solar_technology_and_products/concentrating_solar_power_csp
Habitat Conservation: http://seia.org/galleries/pdf/factsheet_habitat.pdf
Water Use: http://seia.org/galleries/pdf/factsheet_water_use.pdf
Land Use: http://seia.org/galleries/pdf/factsheet_land_use.pdf
SOURCE Solar Energy Industries Association_____________________________________________
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!
Solar farms selected as top energy source for government support
WASHINGTON, March 18 ( Investorideas.com renewable energy/green newswire ) The Solar Energy Industries Association (SEIA) today released new national polling data showing that 75 percent of those surveyed support the development of solar energy plants on public lands not set aside for national parks or nature preserves. The poll was conducted by Gotham Research Group.
"This polling data confirms what we already knew," said SEIA President and CEO Rhone Resch. "The American public overwhelmingly supports the development of solar energy. It is time for our elected officials to respond to this high public demand and enact policies that allow solar to compete with other energy sources on a level playing field."
The survey also revealed that solar power was the top choice (38 percent) as the best use of public land. Respondents also selected solar farms and wind power (22 percent each) as the top energy sources that the government should prioritize for support, beating out natural gas (16 percent), nuclear (16 percent), oil (11 percent) and coal (4 percent).
The outlook for utility-scale solar in the U.S. is promising. Five new plants came online in 2009 (total 58 MW) and there are more than 100 utility-scale solar projects under development. These projects represent more than 17 gigawatts of capacity, enough to provide clean power to 3.4 million households and will create more than 100,000 American jobs.
"We expect a banner year for 2010, with more than 200 megawatts of utility-scale projects coming online," added Resch.
The findings of the survey are based on polling conducted from February 24 through February 26, 2010 among a representative sample of 500 U.S. adults, age 18+. The margin of error on the total sample of 500 is +/- 4.4 percent.
About SEIA:
Established in 1974, the Solar Energy Industries Association is the national trade association of the solar energy industry. As the voice of the industry, SEIA works with its 1,000 members to make solar a mainstream and significant energy source by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. Learn more at www.seia.org.
Background Resources:
Utility-Scale Solar Poll Findings by Gotham Research:
http://seia.org/galleries/pdf/UtilityScalePollResults.pdf
Utility-Scale Solar Fact Sheets:
http://www.seia.org/cs/solar_technology_and_products/concentrating_solar_power_csp
Habitat Conservation: http://seia.org/galleries/pdf/factsheet_habitat.pdf
Water Use: http://seia.org/galleries/pdf/factsheet_water_use.pdf
Land Use: http://seia.org/galleries/pdf/factsheet_land_use.pdf
SOURCE Solar Energy Industries Association_____________________________________________
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!
Tuesday, March 16, 2010
Solar PV, Wind, and Biofuel Markets Expand by 11.4 Percent to $139.1 Billion in Collective Global Revenues in 2009
Solar PV, Wind, and Biofuel Markets Expand by 11.4 Percent to $139.1 Billion in Collective Global Revenues in 2009
Clean Edge’s Annual Clean Energy Trends Report Finds Clean-Energy Markets Holding Up in Tough Economic Climate
PORTLAND, Ore. & OAKLAND, Calif.-- March 16 (Investorideas.com Renewabke energy/green newswire )--Following one of the worst years in economic history, signs of hope have begun to emerge for the clean-tech sector, with clean energy becoming a driving force for global economic recovery from Beijing to Seoul, and Washington D.C. to Brussels. In 2009, combined global revenue for the three major clean-energy sectors – solar photovoltaics (PV), wind power, and biofuels – grew by 11.4 percent over 2008, reaching $139.1 billion. These three sectors are expected to reach $325.9 billion by 2019, according to the Clean Energy Trends 2010 report issued today by Clean Edge Inc., a research and publishing firm devoted to the clean-tech sector.
“Despite severe economic conditions, clean-energy markets were able to hold their momentum in 2009 as many regional and federal governments and private corporations focused on clean-energy investments as a way to pull out of the global economic tailspin”
.The annual Clean Energy Trends report, now in its ninth year, can be downloaded for free at www.cleanedge.com.
“Despite severe economic conditions, clean-energy markets were able to hold their momentum in 2009 as many regional and federal governments and private corporations focused on clean-energy investments as a way to pull out of the global economic tailspin,” said Ron Pernick, Clean Edge co-founder and managing director. “From the smart grid and energy efficiency to renewable energy generation and advanced battery storage, clean tech continues to be a major driver of regional job growth, economic recovery, and technological competitiveness.”
As always, the Clean Energy Trends report includes growth projections for the major clean-energy sectors (solar PV, wind, and biofuels), as well as global clean-tech investment and jobs data. The report’s key findings include:
•The global production and wholesale pricing of ethanol and biodiesel reached $44.9 billion in 2009 and is projected to grow to $112.5 billion by 2019. In 2009, the biofuel market consisted of more than 23.6 billion gallons of ethanol and biodiesel production worldwide.
•Wind power (new installation capital costs) is projected to expand from $63.5 billion in 2009 to $114.5 billion in 2019. Last year’s global wind power installations reached a record 37,500 MW. China, the first-time global leader in new installations, accounted for more than a third of new installations, with 13,000 MW.
•Solar PV will grow from a $30.7 billion industry in 2009 to $98.9 billion by 2019. New installations reached almost 6 GW worldwide in 2009, a nearly sixfold increase from five years earlier. But because of rapidly declining solar PV prices, industry revenue in 2009 fell about 20 percent, from $38.5 billion in 2008.
•U.S.-based venture capital investments in energy technologies declined from $3.2 billion in 2008 to $2.2 billion in 2009. However, clean energy’s percentage of total U.S. venture capital investments continued to rise, accounting for 12.5 percent of total activity in 2009. This represented the largest share in the history of the clean-energy asset class.
•The global solar PV and wind power industries together currently account for a total of more than 830,000 jobs worldwide. By 2019, global industry growth will push the total to more than 3.3 million jobs.
The report also examines many of the issues shaping the clean-energy marketplace, including the failure of nations to reach a global climate accord in Copenhagen; China’s seemingly unstoppable rise to global clean-tech dominance; and the growing ubiquity and declining cost of clean-energy technologies. An IPO Watch List tracks clean-technology companies that have recently filed for IPOs, as well as other likely candidates. The report also outlines five key trends that will impact the markets in the coming years:
•Carbon as a Feedstock: Win-Win or Pipe Dream?
•Steep PV Price Drops Redefine the Solar Industry
•Biomass Fires up Utilities and District Heating
•Clean-Tech Megaprojects See Big Advances – and Big Challenges
•High Speed Rail Surges Ahead – But at What Cost?
About Clean Energy Trends 2010
Clean Edge issues its annual Clean Energy Trends report to track key developments in clean-energy markets. Past reports have been downloaded by tens of thousands of individuals in government, finance, industry, and the media. Clean Energy Trends 2010 is made possible by the support of its sponsors, including premier sponsors Cascadia Capital, Deloitte, and Hobbs & Towne. Major sponsors include Akin Gump, Bloomberg New Energy Finance, Blue Practice, E2, and Mintz Levin. The report can be downloaded free of charge at www.cleanedge.com.
About Clean Edge, Inc.
Clean Edge, Inc., founded in 2000, is the world's first research and publishing firm devoted to the clean-tech sector. The company, with offices in the San Francisco Bay Area and Portland, Oregon, offers unparalleled insight and intelligence on emerging clean-tech trends, opportunities, and challenges for a range of clients, including companies, investors, governments, and nonprofits. The company publishes the annual Clean Energy Trends and Clean Tech Job Trends reports; produces the annual Clean-Tech Investor Summit (in partnership with IBF); maintains a number of benchmark clean-tech stock indexes with NASDAQ OMX including CELS, QGRD, and QWND; and produces the clean-tech-focused jobs board, Clean Edge Jobs. To learn more visit www.cleanedge.com.
Contacts
Clean Edge, Inc.
Ron Pernick, 503-493-8681
pernick@cleanedge.com
_________________________________
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.
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!
Clean Edge’s Annual Clean Energy Trends Report Finds Clean-Energy Markets Holding Up in Tough Economic Climate
PORTLAND, Ore. & OAKLAND, Calif.-- March 16 (Investorideas.com Renewabke energy/green newswire )--Following one of the worst years in economic history, signs of hope have begun to emerge for the clean-tech sector, with clean energy becoming a driving force for global economic recovery from Beijing to Seoul, and Washington D.C. to Brussels. In 2009, combined global revenue for the three major clean-energy sectors – solar photovoltaics (PV), wind power, and biofuels – grew by 11.4 percent over 2008, reaching $139.1 billion. These three sectors are expected to reach $325.9 billion by 2019, according to the Clean Energy Trends 2010 report issued today by Clean Edge Inc., a research and publishing firm devoted to the clean-tech sector.
“Despite severe economic conditions, clean-energy markets were able to hold their momentum in 2009 as many regional and federal governments and private corporations focused on clean-energy investments as a way to pull out of the global economic tailspin”
.The annual Clean Energy Trends report, now in its ninth year, can be downloaded for free at www.cleanedge.com.
“Despite severe economic conditions, clean-energy markets were able to hold their momentum in 2009 as many regional and federal governments and private corporations focused on clean-energy investments as a way to pull out of the global economic tailspin,” said Ron Pernick, Clean Edge co-founder and managing director. “From the smart grid and energy efficiency to renewable energy generation and advanced battery storage, clean tech continues to be a major driver of regional job growth, economic recovery, and technological competitiveness.”
As always, the Clean Energy Trends report includes growth projections for the major clean-energy sectors (solar PV, wind, and biofuels), as well as global clean-tech investment and jobs data. The report’s key findings include:
•The global production and wholesale pricing of ethanol and biodiesel reached $44.9 billion in 2009 and is projected to grow to $112.5 billion by 2019. In 2009, the biofuel market consisted of more than 23.6 billion gallons of ethanol and biodiesel production worldwide.
•Wind power (new installation capital costs) is projected to expand from $63.5 billion in 2009 to $114.5 billion in 2019. Last year’s global wind power installations reached a record 37,500 MW. China, the first-time global leader in new installations, accounted for more than a third of new installations, with 13,000 MW.
•Solar PV will grow from a $30.7 billion industry in 2009 to $98.9 billion by 2019. New installations reached almost 6 GW worldwide in 2009, a nearly sixfold increase from five years earlier. But because of rapidly declining solar PV prices, industry revenue in 2009 fell about 20 percent, from $38.5 billion in 2008.
•U.S.-based venture capital investments in energy technologies declined from $3.2 billion in 2008 to $2.2 billion in 2009. However, clean energy’s percentage of total U.S. venture capital investments continued to rise, accounting for 12.5 percent of total activity in 2009. This represented the largest share in the history of the clean-energy asset class.
•The global solar PV and wind power industries together currently account for a total of more than 830,000 jobs worldwide. By 2019, global industry growth will push the total to more than 3.3 million jobs.
The report also examines many of the issues shaping the clean-energy marketplace, including the failure of nations to reach a global climate accord in Copenhagen; China’s seemingly unstoppable rise to global clean-tech dominance; and the growing ubiquity and declining cost of clean-energy technologies. An IPO Watch List tracks clean-technology companies that have recently filed for IPOs, as well as other likely candidates. The report also outlines five key trends that will impact the markets in the coming years:
•Carbon as a Feedstock: Win-Win or Pipe Dream?
•Steep PV Price Drops Redefine the Solar Industry
•Biomass Fires up Utilities and District Heating
•Clean-Tech Megaprojects See Big Advances – and Big Challenges
•High Speed Rail Surges Ahead – But at What Cost?
About Clean Energy Trends 2010
Clean Edge issues its annual Clean Energy Trends report to track key developments in clean-energy markets. Past reports have been downloaded by tens of thousands of individuals in government, finance, industry, and the media. Clean Energy Trends 2010 is made possible by the support of its sponsors, including premier sponsors Cascadia Capital, Deloitte, and Hobbs & Towne. Major sponsors include Akin Gump, Bloomberg New Energy Finance, Blue Practice, E2, and Mintz Levin. The report can be downloaded free of charge at www.cleanedge.com.
About Clean Edge, Inc.
Clean Edge, Inc., founded in 2000, is the world's first research and publishing firm devoted to the clean-tech sector. The company, with offices in the San Francisco Bay Area and Portland, Oregon, offers unparalleled insight and intelligence on emerging clean-tech trends, opportunities, and challenges for a range of clients, including companies, investors, governments, and nonprofits. The company publishes the annual Clean Energy Trends and Clean Tech Job Trends reports; produces the annual Clean-Tech Investor Summit (in partnership with IBF); maintains a number of benchmark clean-tech stock indexes with NASDAQ OMX including CELS, QGRD, and QWND; and produces the clean-tech-focused jobs board, Clean Edge Jobs. To learn more visit www.cleanedge.com.
Contacts
Clean Edge, Inc.
Ron Pernick, 503-493-8681
pernick@cleanedge.com
_________________________________
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.
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!
Monday, March 15, 2010
Solar Stocks News; First Solar (Nasdaq: FSLR) Sells 30 Megawatt Solar Photovoltaic Power Project to Southern Company and Turner Renewable Energy
Solar Stocks News; First Solar (Nasdaq: FSLR) Sells 30 Megawatt Solar Photovoltaic Power Project to Southern Company and Turner Renewable Energy
TEMPE, Ariz (Investorideas.com renewable energy/green newswire )--First Solar, Inc. (Nasdaq: FSLR) today announced it has sold a 30 megawatt (AC) photovoltaic solar power project to Southern Company (NYSE: SO) and Turner Renewable Energy. Financial terms of the transaction were not disclosed.
The Cimarron I Solar Project is adjacent to the Vermejo Park Ranch in northern New Mexico. First Solar developed the project and is providing engineering, procurement and construction (EPC) services. First Solar will also provide operation and maintenance services under a 25-year contract. The facility will supply power to approximately 9,000 homes, or 18,000 residents, and displace over 45,000 tons of CO2 per year.
“The Cimarron I project is yet another example of First Solar’s capability to realize utility-scale solar projects,” said Rob Gillette, First Solar chief executive officer. “Combining the required technology, manufacturing, project development and EPC expertise enables First Solar to be a leader in sustainable energy development.”
Construction of the solar project will begin this month, with completion and commercial operation expected by year end 2010. It will employ approximately 500,000 photovoltaic modules manufactured by First Solar using its advanced thin film technology. The project will create over 200 jobs at construction peak.
Electricity generated by the plant will serve a 25-year power purchase agreement with the Tri-State Generation and Transmission Association, a not-for-profit wholesale power supplier to 44 electric cooperatives serving 1.4 million customers across Colorado, Nebraska, New Mexico and Wyoming.
About First Solar
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. The company is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit http://www.firstsolar.com
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described
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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.
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!
TEMPE, Ariz (Investorideas.com renewable energy/green newswire )--First Solar, Inc. (Nasdaq: FSLR) today announced it has sold a 30 megawatt (AC) photovoltaic solar power project to Southern Company (NYSE: SO) and Turner Renewable Energy. Financial terms of the transaction were not disclosed.
The Cimarron I Solar Project is adjacent to the Vermejo Park Ranch in northern New Mexico. First Solar developed the project and is providing engineering, procurement and construction (EPC) services. First Solar will also provide operation and maintenance services under a 25-year contract. The facility will supply power to approximately 9,000 homes, or 18,000 residents, and displace over 45,000 tons of CO2 per year.
“The Cimarron I project is yet another example of First Solar’s capability to realize utility-scale solar projects,” said Rob Gillette, First Solar chief executive officer. “Combining the required technology, manufacturing, project development and EPC expertise enables First Solar to be a leader in sustainable energy development.”
Construction of the solar project will begin this month, with completion and commercial operation expected by year end 2010. It will employ approximately 500,000 photovoltaic modules manufactured by First Solar using its advanced thin film technology. The project will create over 200 jobs at construction peak.
Electricity generated by the plant will serve a 25-year power purchase agreement with the Tri-State Generation and Transmission Association, a not-for-profit wholesale power supplier to 44 electric cooperatives serving 1.4 million customers across Colorado, Nebraska, New Mexico and Wyoming.
About First Solar
First Solar manufactures solar modules with an advanced semiconductor technology and provides comprehensive photovoltaic (PV) system solutions. The company is delivering an economically viable alternative to fossil-fuel generation today. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective, renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit http://www.firstsolar.com
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described
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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.
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!
Thursday, March 11, 2010
JUHL Wind Partners with Honeywell on U.S. Department of Energy Project
JUHL Wind Partners with Honeywell on U.S. Department of Energy Project
March 11, 2010 - Juhl Wind Inc. (OTC Bulletin Board: JUHL), the Leader in Community Wind Power, today announced that Juhl Wind and Honeywell International have been awarded a United States Department of Energy program to test the application of an advanced "Condition Monitoring System" to provide remotely controlled data monitoring for turbine maintenance. Within the project, Honeywell will be providing technology which is designed to improve reliability and reduce maintenance costs of turbine systems and Juhl will be providing the field application, installation, monitoring and support.
"We're very excited to move forward with this Department of Energy project and to be working with Honeywell on such an advanced system," stated Dan Juhl, CEO of Juhl Wind. "Juhl has worked with a variety of industry leaders and federal and state officials in the past, but this is the first federal project in which we'll have an active role. This represents the strength of our growing wind farm operations and maintenance business."
"We currently provide administrative, operations and maintenance services for many of the wind farms we've already developed and we intend to provide these same services for a majority of our new projects," Juhl continued. "If we can find a reliable technology, like Honeywell's condition monitoring system, our maintenance business will be much more competitive while we also improve the level of reliability we provide our wind farm owners. We expect this portion of our business to grow significantly during the next few years."
About Juhl Wind Inc: Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada. Juhl Wind pioneered community-based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms. To date, the Company has completed 14 wind farm projects and provides operations management and oversight across the portfolio. Juhl Wind services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. With its acquisition of Next Generation Power Systems ("NextGen'), Juhl Wind now provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. Juhl Wind is traded on the OTCBB under the symbol JUHL.OB. Additional information is available at www.juhlwind.com.
Forward Looking Statements: This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Juhl Wind's current expectations about its future results, performance, prospects and opportunities. Juhl Wind has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Juhl Wind and are subject to a number of risks, uncertainties and other factors that could cause Juhl Wind's actual results, performance, prospects or opportunities in the remainder of 2010 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements and specifically those statements referring to new projects like the GL Wind project mentioned herein. New projects are subject to large, third party risks that may not be in control of Juhl Wind including the availability of project equity, debt financing and wind turbines and risks associated with project timing. These risks are referenced in Juhl Wind's current 8K or as may be described from time to time in Juhl Wind's subsequent SEC filings; and such factors as incorporated by reference.
Disclaimer: This newsletter in not a solicitation to purchase securities. Hanover Financial Services (HFS) and/or its affiliates are not registered as Investment Advisors in any jurisdiction whatsoever. Recipients of this email newsletter agree to hold HFS, its operators, owners, and employees harmless and completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur from the purchase or sale of securities mentioned herein.. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. HFS and/or its affiliates may from time to time have positions in the securities mentioned herein, may increase or decrease such positions without notice, and may profit from such transactions. HFS has been compensated by a JUHL Wind, a sum of five thousand dollars to provide business development consulting services to JUHL Wind for a period of one month. Any opinions expressed herein are subject to change without notice. HFS encourages readers and investors to supplement the information in these reports with independent research and other professional advice
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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.
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!
March 11, 2010 - Juhl Wind Inc. (OTC Bulletin Board: JUHL), the Leader in Community Wind Power, today announced that Juhl Wind and Honeywell International have been awarded a United States Department of Energy program to test the application of an advanced "Condition Monitoring System" to provide remotely controlled data monitoring for turbine maintenance. Within the project, Honeywell will be providing technology which is designed to improve reliability and reduce maintenance costs of turbine systems and Juhl will be providing the field application, installation, monitoring and support.
"We're very excited to move forward with this Department of Energy project and to be working with Honeywell on such an advanced system," stated Dan Juhl, CEO of Juhl Wind. "Juhl has worked with a variety of industry leaders and federal and state officials in the past, but this is the first federal project in which we'll have an active role. This represents the strength of our growing wind farm operations and maintenance business."
"We currently provide administrative, operations and maintenance services for many of the wind farms we've already developed and we intend to provide these same services for a majority of our new projects," Juhl continued. "If we can find a reliable technology, like Honeywell's condition monitoring system, our maintenance business will be much more competitive while we also improve the level of reliability we provide our wind farm owners. We expect this portion of our business to grow significantly during the next few years."
About Juhl Wind Inc: Juhl Wind is an established leader in Community Based Wind Power development and management, focused on wind farm projects throughout the United States and Canada. Juhl Wind pioneered community-based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms. To date, the Company has completed 14 wind farm projects and provides operations management and oversight across the portfolio. Juhl Wind services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. With its acquisition of Next Generation Power Systems ("NextGen'), Juhl Wind now provides full sales and service to smaller, on-site wind and solar projects in addition to our larger Community Wind Farms. Juhl Wind is traded on the OTCBB under the symbol JUHL.OB. Additional information is available at www.juhlwind.com
Forward Looking Statements: This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Juhl Wind's current expectations about its future results, performance, prospects and opportunities. Juhl Wind has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Juhl Wind and are subject to a number of risks, uncertainties and other factors that could cause Juhl Wind's actual results, performance, prospects or opportunities in the remainder of 2010 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements and specifically those statements referring to new projects like the GL Wind project mentioned herein. New projects are subject to large, third party risks that may not be in control of Juhl Wind including the availability of project equity, debt financing and wind turbines and risks associated with project timing. These risks are referenced in Juhl Wind's current 8K or as may be described from time to time in Juhl Wind's subsequent SEC filings; and such factors as incorporated by reference.
Disclaimer: This newsletter in not a solicitation to purchase securities. Hanover Financial Services (HFS) and/or its affiliates are not registered as Investment Advisors in any jurisdiction whatsoever. Recipients of this email newsletter agree to hold HFS, its operators, owners, and employees harmless and completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur from the purchase or sale of securities mentioned herein.. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. HFS and/or its affiliates may from time to time have positions in the securities mentioned herein, may increase or decrease such positions without notice, and may profit from such transactions. HFS has been compensated by a JUHL Wind, a sum of five thousand dollars to provide business development consulting services to JUHL Wind for a period of one month. Any opinions expressed herein are subject to change without notice. HFS encourages readers and investors to supplement the information in these reports with independent research and other professional advice
______________________________________________
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.
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!
FuelCell Energy (Nasdaq:FCEL) Releases Data for First Year of Ultra-Clean Hybrid Power Plant's Operation
FuelCell Energy (Nasdaq:FCEL) Releases Data for First Year of Ultra-Clean Hybrid Power Plant's Operation
DFC-ERG System Significantly Reduces Air Emissions Over Power Generation Alternatives While Achieving Record Peak Electrical Efficiency Over 70 Percent Commercial-Level Up-Time
DANBURY, Conn., March 11, 2010 (Investorideas.com Renewable energy/green newswire ) -- FuelCell Energy, Inc. (Nasdaq:FCEL), a leading manufacturer of high efficiency ultra-clean power plants using renewable and other fuels for commercial, industrial, government and utility customers, today reported its hybrid power plant attained an average electrical efficiency of 62.5 percent, equipment up-time of 93 percent and reduced greenhouse gas emissions of up to 45 percent.
In its first full year of operation, the Direct FuelCell-Energy Recovery Generation(TM) (DFC-ERG(R)) power plant, a joint project with Enbridge Inc., achieved results underscoring its success over a range of scenarios. Since January 2009, Enbridge monitored the DFC-ERG plant under several configurations -- matching operating modes for different markets -- to measure its emissions and electrical efficiency (that is, the percentage of fuel converted to useful grid power).
While the DFC-ERG unit demonstrated an availability averaging 93 percent for the entire year, it exceeded 96 percent availability during the final six months of 2009. Similarly, although its average electrical efficiency of 62.5 percent compares favorably to a typical conventional fossil fuel generation of about 35 to 40 percent, the plant's peak electrical efficiency topped 70 percent in some of the scenarios under which it was evaluated. In all of those tests, the benchmark for air quality used was California's toughest-in-the-nation clean air standards.
The system's high electrical efficiency allowed it to reduce greenhouse gas emissions by up to 45 percent compared to a conventional natural gas power plant (based on Environment Canada's "National Inventory Report -- Greenhouse Gas Sources and Sinks in Canada 1990--2007").
"All the time we were operating this plant and getting remarkable electrical efficiencies, we were seeing availability numbers in the 90s," said Chuck Szmurlo, Vice President, Alternative and Emerging Technologies, Enbridge. "That tells me this is a commercially robust technology. We will submit our results to be independently verified and, when the review is complete, we'll disclose our data to the industry."
Although Toronto represents the initial DFC-ERG installation, FuelCell Energy and Enbridge are advancing the necessary commitments for others totaling 18 MW, which were selected by the Connecticut Clean Energy fund as part of that state's renewable energy portfolio. Gas utilities in other U.S. states also are evaluating the technology. International interest stems from the Toronto project's evaluation by the Asia Pacific Partnership (APP), a clean energy cooperative involving Australia, Canada, China, India, Japan, South Korea and the United States.
"Enbridge's validation of the DFC-ERG system is a significant milestone, especially since the market potential is worldwide," said R. Daniel Brdar, CEO and Chairman of FuelCell Energy. "It gives gas utilities a way of improving pipeline efficiency, reducing emissions and delivering clean energy to the world's power grid as a byproduct of their daily operations."
DFC-ERG plant harvests waste energy while reducing pollution
Natural gas is transported via pipelines for use throughout North America. Over most of this route, gas is maintained under high pressure. As the gas enters urban centers, its pressure is purposely reduced at "letdown" stations so it may be safely distributed to homes and businesses.
Normally, the pressure-reduction process involves heating the gas -- a step which itself burns some gas, wasting energy and sending pollutants into the air. Integrating a DFC-ERG unit with a letdown station reduces or eliminates this local source of emissions while harvesting energy from the moving gas for clean power. The fuel cell, a non-combustion means of generating ultra-clean energy, also provides additional electricity while using the high quality, zero emission heat to reduce the pollutants normally linked to preheating the natural gas.
The DFC-ERG power plant in Toronto generates ultra-clean electricity while harvesting energy normally lost during natural gas pipeline distribution operations. A joint development effort of FuelCell Energy and Enbridge, the system produces 2.2 megawatts (MW) of electricity, enough to power approximately 1,700 homes.
Funding for the project includes $2.3 million from Natural Resources Canada and a $500,000 grant from the Ontario Ministry of Research and Innovation. NYSEARCH, the research arm of the Northeast Gas Association, also provided funding for the project's performance monitoring so US-based gas utilities can better understand how the technology might be adapted for their pipeline networks. Support was provided by the City of Toronto, which enacted a measure allowing residents and businesses to export clean electricity to the grid.
The technology is marketed as the DFC-ERG system in the United States and as Hybrid FuelCells in Canada. More information about the technology is available from FuelCell Energy. Fuel cells are a key technology that supports a portfolio of low-carbon energy supplies that can be viewed on the Enbridge Web site. An independently produced video about the Toronto power plant is available at The Discovery Channel, which is responsible for its own content.
About FuelCell Energy
FuelCell Energy is the world leader in the development and production of stationary fuel cells for commercial, industrial, municipal and utility customers. FuelCell Energy's ultra-clean and high efficiency DFC(R) fuel cells are generating power at more than 50 locations worldwide. The company's power plants have generated over 450 million kilowatt hours of power using a variety of fuels including renewable wastewater gas, biogas from beer and food processing, as well as natural gas and other hydrocarbon fuels. FuelCell Energy has partnerships with major power plant developers and power companies around the world. The company also receives funding from the U.S. Department of Energy and other government agencies for the development of leading edge technologies such as fuel cells. For more information please visit our website at http://www.fuelcellenergy.com/.
About Enbridge Inc.
Enbridge Inc., a Canadian company, is a North American leader in delivering energy. As a transporter of energy, Enbridge operates through its wholly owned subsidiaries, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a growing involvement in the natural gas transmission and midstream businesses, and is expanding its interests in renewable and green energy technologies, including wind and solar energy, hybrid fuel cells and carbon dioxide sequestration. As a distributor of energy, Enbridge owns Enbridge Gas Distribution Inc., Canada's largest natural gas distribution company and provides distribution services to about 1.9 million customers in Ontario, New York State, New Brunswick and southwestern Quebec. A Top 100 Canadian Employer for 2010, Enbridge employs approximately 6,000 people, primarily in Canada and the U.S. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit enbridge.com.
This news release contains forward-looking statements, including statements regarding FuelCell Energy's and Enbridge's plans and expectations regarding the continuing development and commercialization of fuel cell technology and financing of related business plans. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, general risks associated with product development, manufacturing, changes in the regulatory environment, customer strategies, potential volatility of energy prices, rapid technological change, competition, and FuelCell Energy's and Enbridge's respective ability to achieve its sales plans and cost reduction targets, as well as other risks set forth in FuelCell Energy's and Enbridge's respective filings with the U.S. Securities and Exchange Commission and Canadian securities regulators, as applicable. The forward-looking statements contained herein speak only as of the date of this press release. Both FuelCell Energy and Enbridge expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
Direct FuelCell, DFC and FuelCell Energy, Inc. are all registered trademarks of FuelCell Energy, Inc.
DFC-ERG is a registered trademark of Enbridge Inc. and FuelCell Energy, Inc.
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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.
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!
DFC-ERG System Significantly Reduces Air Emissions Over Power Generation Alternatives While Achieving Record Peak Electrical Efficiency Over 70 Percent Commercial-Level Up-Time
DANBURY, Conn., March 11, 2010 (Investorideas.com Renewable energy/green newswire ) -- FuelCell Energy, Inc. (Nasdaq:FCEL), a leading manufacturer of high efficiency ultra-clean power plants using renewable and other fuels for commercial, industrial, government and utility customers, today reported its hybrid power plant attained an average electrical efficiency of 62.5 percent, equipment up-time of 93 percent and reduced greenhouse gas emissions of up to 45 percent.
In its first full year of operation, the Direct FuelCell-Energy Recovery Generation(TM) (DFC-ERG(R)) power plant, a joint project with Enbridge Inc., achieved results underscoring its success over a range of scenarios. Since January 2009, Enbridge monitored the DFC-ERG plant under several configurations -- matching operating modes for different markets -- to measure its emissions and electrical efficiency (that is, the percentage of fuel converted to useful grid power).
While the DFC-ERG unit demonstrated an availability averaging 93 percent for the entire year, it exceeded 96 percent availability during the final six months of 2009. Similarly, although its average electrical efficiency of 62.5 percent compares favorably to a typical conventional fossil fuel generation of about 35 to 40 percent, the plant's peak electrical efficiency topped 70 percent in some of the scenarios under which it was evaluated. In all of those tests, the benchmark for air quality used was California's toughest-in-the-nation clean air standards.
The system's high electrical efficiency allowed it to reduce greenhouse gas emissions by up to 45 percent compared to a conventional natural gas power plant (based on Environment Canada's "National Inventory Report -- Greenhouse Gas Sources and Sinks in Canada 1990--2007").
"All the time we were operating this plant and getting remarkable electrical efficiencies, we were seeing availability numbers in the 90s," said Chuck Szmurlo, Vice President, Alternative and Emerging Technologies, Enbridge. "That tells me this is a commercially robust technology. We will submit our results to be independently verified and, when the review is complete, we'll disclose our data to the industry."
Although Toronto represents the initial DFC-ERG installation, FuelCell Energy and Enbridge are advancing the necessary commitments for others totaling 18 MW, which were selected by the Connecticut Clean Energy fund as part of that state's renewable energy portfolio. Gas utilities in other U.S. states also are evaluating the technology. International interest stems from the Toronto project's evaluation by the Asia Pacific Partnership (APP), a clean energy cooperative involving Australia, Canada, China, India, Japan, South Korea and the United States.
"Enbridge's validation of the DFC-ERG system is a significant milestone, especially since the market potential is worldwide," said R. Daniel Brdar, CEO and Chairman of FuelCell Energy. "It gives gas utilities a way of improving pipeline efficiency, reducing emissions and delivering clean energy to the world's power grid as a byproduct of their daily operations."
DFC-ERG plant harvests waste energy while reducing pollution
Natural gas is transported via pipelines for use throughout North America. Over most of this route, gas is maintained under high pressure. As the gas enters urban centers, its pressure is purposely reduced at "letdown" stations so it may be safely distributed to homes and businesses.
Normally, the pressure-reduction process involves heating the gas -- a step which itself burns some gas, wasting energy and sending pollutants into the air. Integrating a DFC-ERG unit with a letdown station reduces or eliminates this local source of emissions while harvesting energy from the moving gas for clean power. The fuel cell, a non-combustion means of generating ultra-clean energy, also provides additional electricity while using the high quality, zero emission heat to reduce the pollutants normally linked to preheating the natural gas.
The DFC-ERG power plant in Toronto generates ultra-clean electricity while harvesting energy normally lost during natural gas pipeline distribution operations. A joint development effort of FuelCell Energy and Enbridge, the system produces 2.2 megawatts (MW) of electricity, enough to power approximately 1,700 homes.
Funding for the project includes $2.3 million from Natural Resources Canada and a $500,000 grant from the Ontario Ministry of Research and Innovation. NYSEARCH, the research arm of the Northeast Gas Association, also provided funding for the project's performance monitoring so US-based gas utilities can better understand how the technology might be adapted for their pipeline networks. Support was provided by the City of Toronto, which enacted a measure allowing residents and businesses to export clean electricity to the grid.
The technology is marketed as the DFC-ERG system in the United States and as Hybrid FuelCells in Canada. More information about the technology is available from FuelCell Energy. Fuel cells are a key technology that supports a portfolio of low-carbon energy supplies that can be viewed on the Enbridge Web site. An independently produced video about the Toronto power plant is available at The Discovery Channel, which is responsible for its own content.
About FuelCell Energy
FuelCell Energy is the world leader in the development and production of stationary fuel cells for commercial, industrial, municipal and utility customers. FuelCell Energy's ultra-clean and high efficiency DFC(R) fuel cells are generating power at more than 50 locations worldwide. The company's power plants have generated over 450 million kilowatt hours of power using a variety of fuels including renewable wastewater gas, biogas from beer and food processing, as well as natural gas and other hydrocarbon fuels. FuelCell Energy has partnerships with major power plant developers and power companies around the world. The company also receives funding from the U.S. Department of Energy and other government agencies for the development of leading edge technologies such as fuel cells. For more information please visit our website at http://www.fuelcellenergy.com/.
About Enbridge Inc.
Enbridge Inc., a Canadian company, is a North American leader in delivering energy. As a transporter of energy, Enbridge operates through its wholly owned subsidiaries, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a growing involvement in the natural gas transmission and midstream businesses, and is expanding its interests in renewable and green energy technologies, including wind and solar energy, hybrid fuel cells and carbon dioxide sequestration. As a distributor of energy, Enbridge owns Enbridge Gas Distribution Inc., Canada's largest natural gas distribution company and provides distribution services to about 1.9 million customers in Ontario, New York State, New Brunswick and southwestern Quebec. A Top 100 Canadian Employer for 2010, Enbridge employs approximately 6,000 people, primarily in Canada and the U.S. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit enbridge.com.
This news release contains forward-looking statements, including statements regarding FuelCell Energy's and Enbridge's plans and expectations regarding the continuing development and commercialization of fuel cell technology and financing of related business plans. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, general risks associated with product development, manufacturing, changes in the regulatory environment, customer strategies, potential volatility of energy prices, rapid technological change, competition, and FuelCell Energy's and Enbridge's respective ability to achieve its sales plans and cost reduction targets, as well as other risks set forth in FuelCell Energy's and Enbridge's respective filings with the U.S. Securities and Exchange Commission and Canadian securities regulators, as applicable. The forward-looking statements contained herein speak only as of the date of this press release. Both FuelCell Energy and Enbridge expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.
Direct FuelCell, DFC and FuelCell Energy, Inc. are all registered trademarks of FuelCell Energy, Inc.
DFC-ERG is a registered trademark of Enbridge Inc. and FuelCell Energy, Inc.
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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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Our goal - One Million More Investors Investing in Green Technology and Water Technology in 2010!
Wednesday, March 10, 2010
Competition Picks Valcent (OTCBB:VCTZF) as One of the Ten Best Companies in the World for a Sustainable Future
Nike, U.S. State Department, NASA and USAID-Sponsored Competition Picks Valcent (OTCBB:VCTZF) as One of the Ten Best Companies in the World for a Sustainable Future
VANCOUVER, BRITISH COLUMBIA - March 10, 2010 - Valcent Products Inc. (OTC.BB:VCTZF) - LAUNCH, a global initiative whose Founding Partners include NASA, USAID, the U.S. State Department and Nike, which identifies and supports innovative work poised to contribute to a sustainable future, has selected Valcent's VertiCrop™ vertical farming technology as one of ten global innovations from a field of 150 pioneering projects. As one of ten featured leaders in sustainability, Valcent will present their advances on large scale hydroponic agriculture at the premiere LAUNCH event at the Water at Kennedy Space Center on March 16th to 18th 2010.
Amidst the backdrop of shuttle launch mission STS-131, a distinguished group of leaders from government, business, science, engineering, communications and sustainability will convene to learn about Valcent's vertical farming innovations in a collaborative forum designed to help accelerate the company's progress. Along with the initiatives' Founding Partners and Resource Partners which include The Pacific Institute, Sandia National Labs and The Water Center of the Earth Institute, LAUNCH was formed as a collaborative forum and incubator to engage and champion innovative ideas, companies, programs and technologies focused on a series of sustainability challenges.
"Our world's balance between demand and supply of food is sensitive to climate change, fuel demands, access to water and our investments in research and infrastructure," said Stephen Kennedy Smith, President of Em-Link LLC, the Boston-based Master Distributor for Valcent in the United States. "We are honored to receive recognition from this esteemed panel of judges who recognize Valcent's VertiCrop™ technology as vital to accelerating innovation for a sustainable future. We look forward to the panelists' valuable input on our initiatives involving vertical agriculture using recycled resources and hydroponics, which is the practice of growing plants without soil and which allows for the production of fruit and vegetables in spaces outside of traditional farms."
"We are honored that our vertical farming technology is recognized as an important innovation by LAUNCH," says Chris Bradford, President, CEO, and Director of Valcent Products Inc. "We have entered a new era of urban agriculture where we can deliver locally grown crops that provide a nutritionally superior product that is healthier for the communities they serve."
Valcent's VertiCrop™ technology will be profiled on the LAUNCH web site and featured in a custom produced video profile in collaboration with Nike.
About Valcent Products Inc.:
Valcent Products Inc. (OTC.BB:VCTZF) specializes in growing solutions and plant based consumer products and is a leader in the development of innovative and practical eco-technologies. For more information, visit: www.valcent.net and www.valcent.eu and contribute at http://blog.valcent.net/.
Contacts:
Investor Relations
Gerry Jardine or Mike Parker
(604) 608-6192
Toll Free 1 888 506-7979
info@valcent.net
Media Relations
Nancy Tamosaitis-Thompson
Vorticom Public Relations
(212) 532-2208
Nancyt@vorticom.com
Safe Harbor for Forward Looking Statements: This press release contains forward-looking information, in that it describes events and conditions, which Valcent Products, Inc. reasonably expects to occur in the future, and statements including opinions, assumptions and estimates. Forwardlooking statements include information that does not relate strictly to historical or current facts. When used in this document, the words "seeks", "anticipate", "believe", estimate", "expect", "forecast", "intent", "may", "project", "plan", "potential", "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to a wide range of known and unknown risks and uncertainties, including inability to complete sales in process or develop positive cash flow from anticipated product sales, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. We have attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimates expressed or implied by the forward-looking information. The risks and uncertainties that could affect future events or the Company's future financial performance are more fully described in the Company's quarterly reports (on Form 6-K filed in the US and the financial statements and Form 51-102F1 filed in Canada), the Company's annual reports (on Form 20-F filed in the US and the financial statements and Form 51-102F1 filed in Canada) and the other recent filings in the US and Canada. These filings are available at www.sec.gov in the US and www.sedar.com in Canada. For all such forward-looking statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Valcent disclaims any obligation to update any forward-looking statement made herein.
Request news and stock alerts from Valcent Products Inc. (OTCBB: VCTZF) http://www.investorideas.com/Resources/Newsletter.asp
Disclosure: Valcent Products Inc. is a paid advertising client on Investorideas.com and our mining portals.
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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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Our goal - One Million More Investors Investing in Green Technology and Water Technology in 2010!
VANCOUVER, BRITISH COLUMBIA - March 10, 2010 - Valcent Products Inc. (OTC.BB:VCTZF) - LAUNCH, a global initiative whose Founding Partners include NASA, USAID, the U.S. State Department and Nike, which identifies and supports innovative work poised to contribute to a sustainable future, has selected Valcent's VertiCrop™ vertical farming technology as one of ten global innovations from a field of 150 pioneering projects. As one of ten featured leaders in sustainability, Valcent will present their advances on large scale hydroponic agriculture at the premiere LAUNCH event at the Water at Kennedy Space Center on March 16th to 18th 2010.
Amidst the backdrop of shuttle launch mission STS-131, a distinguished group of leaders from government, business, science, engineering, communications and sustainability will convene to learn about Valcent's vertical farming innovations in a collaborative forum designed to help accelerate the company's progress. Along with the initiatives' Founding Partners and Resource Partners which include The Pacific Institute, Sandia National Labs and The Water Center of the Earth Institute, LAUNCH was formed as a collaborative forum and incubator to engage and champion innovative ideas, companies, programs and technologies focused on a series of sustainability challenges.
"Our world's balance between demand and supply of food is sensitive to climate change, fuel demands, access to water and our investments in research and infrastructure," said Stephen Kennedy Smith, President of Em-Link LLC, the Boston-based Master Distributor for Valcent in the United States. "We are honored to receive recognition from this esteemed panel of judges who recognize Valcent's VertiCrop™ technology as vital to accelerating innovation for a sustainable future. We look forward to the panelists' valuable input on our initiatives involving vertical agriculture using recycled resources and hydroponics, which is the practice of growing plants without soil and which allows for the production of fruit and vegetables in spaces outside of traditional farms."
"We are honored that our vertical farming technology is recognized as an important innovation by LAUNCH," says Chris Bradford, President, CEO, and Director of Valcent Products Inc. "We have entered a new era of urban agriculture where we can deliver locally grown crops that provide a nutritionally superior product that is healthier for the communities they serve."
Valcent's VertiCrop™ technology will be profiled on the LAUNCH web site and featured in a custom produced video profile in collaboration with Nike.
About Valcent Products Inc.:
Valcent Products Inc. (OTC.BB:VCTZF) specializes in growing solutions and plant based consumer products and is a leader in the development of innovative and practical eco-technologies. For more information, visit: www.valcent.net and www.valcent.eu and contribute at http://blog.valcent.net/.
Contacts:
Investor Relations
Gerry Jardine or Mike Parker
(604) 608-6192
Toll Free 1 888 506-7979
info@valcent.net
Media Relations
Nancy Tamosaitis-Thompson
Vorticom Public Relations
(212) 532-2208
Nancyt@vorticom.com
Safe Harbor for Forward Looking Statements: This press release contains forward-looking information, in that it describes events and conditions, which Valcent Products, Inc. reasonably expects to occur in the future, and statements including opinions, assumptions and estimates. Forwardlooking statements include information that does not relate strictly to historical or current facts. When used in this document, the words "seeks", "anticipate", "believe", estimate", "expect", "forecast", "intent", "may", "project", "plan", "potential", "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to a wide range of known and unknown risks and uncertainties, including inability to complete sales in process or develop positive cash flow from anticipated product sales, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. We have attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimates expressed or implied by the forward-looking information. The risks and uncertainties that could affect future events or the Company's future financial performance are more fully described in the Company's quarterly reports (on Form 6-K filed in the US and the financial statements and Form 51-102F1 filed in Canada), the Company's annual reports (on Form 20-F filed in the US and the financial statements and Form 51-102F1 filed in Canada) and the other recent filings in the US and Canada. These filings are available at www.sec.gov in the US and www.sedar.com in Canada. For all such forward-looking statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Valcent disclaims any obligation to update any forward-looking statement made herein.
Request news and stock alerts from Valcent Products Inc. (OTCBB: VCTZF) http://www.investorideas.com/Resources/Newsletter.asp
Disclosure: Valcent Products Inc. is a paid advertising client on Investorideas.com and our mining portals.
________________________________
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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Our goal - One Million More Investors Investing in Green Technology and Water Technology in 2010!
Tuesday, March 09, 2010
Renewable Energy Stocks News; U.S. Geothermal (TSX:GTH )(AMEX:HTM ) Announces $8.6 Million Private Placement Financing
Renewable Energy Stocks News; U.S. Geothermal (TSX:GTH )(AMEX:HTM ) Announces $8.6 Million Private Placement Financing
BOISE, IDAHO--(Investorideas.com Green/renewable energy newswire) 03/09/10 - (TSX:GTH )(AMEX:HTM ) U.S. Geothermal Inc. (the "Company") announced today that it has entered into a securities purchase agreement with several institutional investors, pursuant to which the Company has agreed to issue 8,209,519 shares of Common Stock at a price of $1.05 per share for gross proceeds of approximately $8.6 million (the "Private Placement"). Pursuant to the terms of the Private Placement, each Investor will also be issued a common share purchase warrant (a "Warrant") exercisable for 50% of the number of shares of Common Stock purchased by the investor. Each Warrant is exercisable at $1.25 per share for a period of five years beginning six months after the closing of the private placement. After deducting for fees and expenses, the net proceeds are anticipated to total approximately $8.0 million. The net proceeds of the offering will be used by the Company to further develop its Neal Hot Springs geothermal project and for general working capital purposes. Initiating a planned capital project for Raft River Unit I and a well drilling program for a planned future expansion at San Emidio may be subject to completion of future financing.
The Private Placement is subject to certain conditions including, but not limited to, the approval of the NYSE Amex and the Toronto Stock Exchange and is anticipated to close on or about March 12, 2010. The Company will be required to file a resale registration statement within 30 days of the closing date and will use its best efforts to cause the registration statement to be declared effective within 120 days of the closing date. The Private Placement pursuant to the securities purchase agreement is being made upon an exemption from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(2) thereof.
The securities described herein have not been registered under the U.S. Securities Act of l933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. persons unless an exemption from registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
About U.S. Geothermal Inc.:
U.S. Geothermal Inc. is a renewable energy development company that is operating geothermal power projects at Raft River, Idaho and San Emidio, Nevada. U.S. Geothermal Inc. recently announced signing of a power purchase agreement and is in the final stages of negotiations for a project loan as part of its development activities at Neal Hot Springs in eastern Oregon.
The information provided in this news release may contain forward-looking statements within the definition of the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995, including statements regarding the offering, anticipated use of proceeds and availability of future financing. These statements are based on U.S. Geothermal Inc.'s current expectations and beliefs and are subject to a number of risks and uncertainties that can cause actual results to differ materially from those described. Important factors that could cause actual results to differ materially from U.S. Geothermal's expectations include the uncertainties involving the completion of the offering and the need for additional financing to explore and develop projects and availability of financing in the capital markets . Readers are cautioned to review the risk factors identified by the company in its filings with Canadian and US securities agencies, including U.S. Geothermal's annual report on Form 10-K for the year ended March 31. 2009. Forward-looking statements are based on management's expectations, beliefs and opinions on the date the statements are made. U.S. Geothermal Inc. assumes no obligation to update forward-looking statements if management's expectations, beliefs, or opinions, or other factors, should change.
The NYSE Amex and the Toronto Stock Exchange do not accept responsibility for the adequacy of this release.
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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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BOISE, IDAHO--(Investorideas.com Green/renewable energy newswire) 03/09/10 - (TSX:GTH )(AMEX:HTM ) U.S. Geothermal Inc. (the "Company") announced today that it has entered into a securities purchase agreement with several institutional investors, pursuant to which the Company has agreed to issue 8,209,519 shares of Common Stock at a price of $1.05 per share for gross proceeds of approximately $8.6 million (the "Private Placement"). Pursuant to the terms of the Private Placement, each Investor will also be issued a common share purchase warrant (a "Warrant") exercisable for 50% of the number of shares of Common Stock purchased by the investor. Each Warrant is exercisable at $1.25 per share for a period of five years beginning six months after the closing of the private placement. After deducting for fees and expenses, the net proceeds are anticipated to total approximately $8.0 million. The net proceeds of the offering will be used by the Company to further develop its Neal Hot Springs geothermal project and for general working capital purposes. Initiating a planned capital project for Raft River Unit I and a well drilling program for a planned future expansion at San Emidio may be subject to completion of future financing.
The Private Placement is subject to certain conditions including, but not limited to, the approval of the NYSE Amex and the Toronto Stock Exchange and is anticipated to close on or about March 12, 2010. The Company will be required to file a resale registration statement within 30 days of the closing date and will use its best efforts to cause the registration statement to be declared effective within 120 days of the closing date. The Private Placement pursuant to the securities purchase agreement is being made upon an exemption from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(2) thereof.
The securities described herein have not been registered under the U.S. Securities Act of l933, as amended, or any state securities laws and may not be offered or sold in the United States or to U.S. persons unless an exemption from registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
About U.S. Geothermal Inc.:
U.S. Geothermal Inc. is a renewable energy development company that is operating geothermal power projects at Raft River, Idaho and San Emidio, Nevada. U.S. Geothermal Inc. recently announced signing of a power purchase agreement and is in the final stages of negotiations for a project loan as part of its development activities at Neal Hot Springs in eastern Oregon.
The information provided in this news release may contain forward-looking statements within the definition of the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995, including statements regarding the offering, anticipated use of proceeds and availability of future financing. These statements are based on U.S. Geothermal Inc.'s current expectations and beliefs and are subject to a number of risks and uncertainties that can cause actual results to differ materially from those described. Important factors that could cause actual results to differ materially from U.S. Geothermal's expectations include the uncertainties involving the completion of the offering and the need for additional financing to explore and develop projects and availability of financing in the capital markets . Readers are cautioned to review the risk factors identified by the company in its filings with Canadian and US securities agencies, including U.S. Geothermal's annual report on Form 10-K for the year ended March 31. 2009. Forward-looking statements are based on management's expectations, beliefs and opinions on the date the statements are made. U.S. Geothermal Inc. assumes no obligation to update forward-looking statements if management's expectations, beliefs, or opinions, or other factors, should change.
The NYSE Amex and the Toronto Stock Exchange do not accept responsibility for the adequacy of this release.
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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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Ethanol Stock Green Plains Renewable Energy (Nasdaq:GPRE ) Announces Exercise of Underwriters' Overallotment Option
Ethanol Stock Green Plains Renewable Energy (Nasdaq:GPRE ) Announces Exercise of Underwriters' Overallotment Option
OMAHA, Neb., March 9, 2010 (Investorideas.com Green/Renewable energy NEWSWIRE) -- Green Plains Renewable Energy, Inc. (Nasdaq:GPRE ) announced today that the underwriters will purchase an additional 825,000 shares of common stock from Green Plains pursuant to the overallotment option granted in connection with its previously announced public offering. The completion of the offering, including exercise of the overallotment option, will result in the total sale of 6,325,000 shares of its common stock. The net proceeds to the Company from this offering will be approximately $79.3 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The offering is expected to close on March 10, 2010.
The joint book runners are Jefferies & Company, Inc. and Piper Jaffray & Co., with Imperial Capital, LLC and Stephens Inc. acting as co-managers.
The offering may only be made by means of a prospectus. Printed copies of the final prospectus supplement and accompanying prospectus relating to the offering may be obtained from Jefferies & Company, Inc., Equity Syndicate Middle Office, 520 Madison Avenue, 12th Floor, New York, NY 10022, or Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, MN 55042, or Imperial Capital, LLC, 485 Lexington Avenue, 28th Floor, New York, NY 10017 or Stephens Inc., 111 Center Street, Little Rock, AR 72201. The final prospectus supplement has been filed with the Securities and Exchange Commission and is available on the Commission's website located at sec.gov
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and was declared effective on January 14, 2010. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the security laws of any such state or jurisdiction.
About Green Plains Renewable Energy, Inc.
Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) is North America's fourth largest ethanol producer, operating a total of six ethanol plants in Indiana, Iowa, Nebraska and Tennessee with annual expected operating capacity totaling approximately 480 million gallons. Green Plains also markets and distributes ethanol for four third-party ethanol producers with annual expected operating capacity totaling approximately 360 million gallons. Green Plains owns 51% of Blendstar, LLC, a biofuel terminal operator which operates nine blending or terminaling facilities with approximately 495 million gallons per year of total throughput capacity in seven states in the south central United States. Green Plains operates grain storage facilities and complementary agronomy and petroleum businesses in northern Iowa and southern Minnesota.
Safe Harbor
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements are identified by the use of words such as "anticipates," "estimates," "expects," "will," "predicts," "intends," "plans," "believes," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Such statements are based on management's current expectations and are subject to various factors, risks and uncertainties that may cause actual results, outcome of events, timing and performance to differ materially from those expressed or implied by such forward-looking statements. Green Plains may experience significant fluctuations in future operating results due to a number of economic conditions, including, but not limited to, competition in the ethanol and other industries in which the company competes; commodity market risks, financial market risks, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in the company's reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K, as amended, for the year ended December 31, 2009 and in the company's subsequent filings with the SEC. Green Plains assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The cautionary statements in this report expressly qualify all of our forward-looking statements. In addition, the company is not obligated, and does not intend, to update any of its forward-looking statements at any time unless an update is required by applicable securities laws.
_________________________________
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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OMAHA, Neb., March 9, 2010 (Investorideas.com Green/Renewable energy NEWSWIRE) -- Green Plains Renewable Energy, Inc. (Nasdaq:GPRE ) announced today that the underwriters will purchase an additional 825,000 shares of common stock from Green Plains pursuant to the overallotment option granted in connection with its previously announced public offering. The completion of the offering, including exercise of the overallotment option, will result in the total sale of 6,325,000 shares of its common stock. The net proceeds to the Company from this offering will be approximately $79.3 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The offering is expected to close on March 10, 2010.
The joint book runners are Jefferies & Company, Inc. and Piper Jaffray & Co., with Imperial Capital, LLC and Stephens Inc. acting as co-managers.
The offering may only be made by means of a prospectus. Printed copies of the final prospectus supplement and accompanying prospectus relating to the offering may be obtained from Jefferies & Company, Inc., Equity Syndicate Middle Office, 520 Madison Avenue, 12th Floor, New York, NY 10022, or Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, MN 55042, or Imperial Capital, LLC, 485 Lexington Avenue, 28th Floor, New York, NY 10017 or Stephens Inc., 111 Center Street, Little Rock, AR 72201. The final prospectus supplement has been filed with the Securities and Exchange Commission and is available on the Commission's website located at sec.gov
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and was declared effective on January 14, 2010. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the security laws of any such state or jurisdiction.
About Green Plains Renewable Energy, Inc.
Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) is North America's fourth largest ethanol producer, operating a total of six ethanol plants in Indiana, Iowa, Nebraska and Tennessee with annual expected operating capacity totaling approximately 480 million gallons. Green Plains also markets and distributes ethanol for four third-party ethanol producers with annual expected operating capacity totaling approximately 360 million gallons. Green Plains owns 51% of Blendstar, LLC, a biofuel terminal operator which operates nine blending or terminaling facilities with approximately 495 million gallons per year of total throughput capacity in seven states in the south central United States. Green Plains operates grain storage facilities and complementary agronomy and petroleum businesses in northern Iowa and southern Minnesota.
Safe Harbor
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements are identified by the use of words such as "anticipates," "estimates," "expects," "will," "predicts," "intends," "plans," "believes," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Such statements are based on management's current expectations and are subject to various factors, risks and uncertainties that may cause actual results, outcome of events, timing and performance to differ materially from those expressed or implied by such forward-looking statements. Green Plains may experience significant fluctuations in future operating results due to a number of economic conditions, including, but not limited to, competition in the ethanol and other industries in which the company competes; commodity market risks, financial market risks, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in the company's reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K, as amended, for the year ended December 31, 2009 and in the company's subsequent filings with the SEC. Green Plains assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The cautionary statements in this report expressly qualify all of our forward-looking statements. In addition, the company is not obligated, and does not intend, to update any of its forward-looking statements at any time unless an update is required by applicable securities laws.
_________________________________
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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Monday, March 08, 2010
Valcent's (OTC.BB:VCTZF) Smaller Vertical Growing System "Alphacrop"(TM) Received Strong Sales Approval
Valcent's (OTC.BB:VCTZF) Smaller Vertical Growing System "Alphacrop"(TM) Received Strong Sales Approval From Its Master Distributor for the United Kingdom
VANCOUVER, BRITISH COLUMBIA - March 8, 2010 (Investorideas.com green and renewable energy Newswire) - Valcent Products (EU) Limited (OTC.BB:VCTZF) today announced that the first prototype of the Company's new AlphaCrop™ vertical plant growing system is in the final stages of pre-delivery acceptance trials at the manufacturers. AlphaCrop™ complements the well established VertiCrop™ system and is specially designed for smaller commercial growers and amateur growers looking for smaller but still highly cost effective compact units which demonstrate their commitment to growing fresh produce and reducing food miles.
The 5 Stocks to Own in 2010 -- Free Report!Equally pleased with the progress made with the AlphaCrop™ technology, is Brian Lloyd, Sales Manager for Ikon International, whose company has been appointed as main distributor of AlphaCrop™ in the United Kingdom and Ireland. "We will be presenting two models (one for the commercial growers and one even smaller for home or neighbourhood use) of the system at the GROW 2010 International Hydroponics Exhibition in Manchester at the end of March and expect immediate response from the market" said Bryan Lloyd. "We distribute many of the world's leading hydroponic and horticultural products through over 300 retailers and anticipate confirming initial orders for approximately 150 units.
"We are delighted with the performance of the prototype so far," stated Grahame Dunling, Horticultural Manager for Valcent Products (EU) Limited. "We have had the unit running continuously for up to eight hours at a time, with loads well in excess of a ton and at varying speeds and the performance is exceeding our expectations. We will be shipping the unit to our facilities in Launceston next week and will immediately commence an intensive programme of trials with a wide range of crops."
"The design of the AlphaCrop™ is so flexible it will enable us to grow roots crops, such as baby carrots and salad potatoes, as well as strawberries, and every kind of leaf crop," adds Dunling. "We have designed it so that conventional growing media such as compost can be used, or it can be easily converted to a state of the art hydroponics system. We believe that this will appeal both to hobby growers and keen amateur gardeners and AlphaCrop™ will also be employed by commercial growers as a 'stand alone' system or to complement our larger VertiCrop™ vertical growing units."
To view the AlphaCrop™ prototype undergoing acceptance trails, please visit the website at www.valcent.eu and click on to the video link.
About Valcent Products Inc.:
Valcent Products Inc. (OTC.BB:VCTZF) specializes in growing solutions and plant based consumer products and is a leader in the development of innovative and practical eco-technologies. For more information, visit: www.valcent.net and www.valcent.eu and contribute at http://blog.valcent.net/.
Contacts:
Investor Relations
Gerry Jardine or Mike Parker
(604) 608-6192
Toll Free 1 888 506-7979
info@valcent.net
Media Relations
Nancy Tamosaitis-Thompson
Vorticom Public Relations
(212) 532-2208
Nancyt@vorticom.com
Safe Harbor for Forward Looking Statements: This press release contains forward-looking information, in that it describes events and conditions, which Valcent Products, Inc. reasonably expects to occur in the future, and statements including opinions, assumptions and estimates. Forwardlooking statements include information that does not relate strictly to historical or current facts. When used in this document, the words "seeks", "anticipate", "believe", estimate", "expect", "forecast", "intent", "may", "project", "plan", "potential", "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to a wide range of known and unknown risks and uncertainties, including inability to complete sales in process or develop positive cash flow from anticipated product sales, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. We have attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimates expressed or implied by the forward-looking information. The risks and uncertainties that could affect future events or the Company's future financial performance are more fully described in the Company's quarterly reports (on Form 6-K filed in the US and the financial statements and Form 51-102F1 filed in Canada), the Company's annual reports (on Form 20-F filed in the US and the financial statements and Form 51-102F1 filed in Canada) and the other recent filings in the US and Canada. These filings are available at www.sec.gov in the US and www.sedar.com in Canada. For all such forward-looking statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Valcent disclaims any obligation to update any forward-looking statement made herein.
Request news and stock alerts from Valcent Products Inc. (OTCBB: VCTZF) http://www.investorideas.com/Resources/Newsletter.asp
Disclosure: Valcent Products Inc. is a paid advertising client on Investorideas.com and our mining portals.
______________________________________________________________
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!
VANCOUVER, BRITISH COLUMBIA - March 8, 2010 (Investorideas.com green and renewable energy Newswire) - Valcent Products (EU) Limited (OTC.BB:VCTZF) today announced that the first prototype of the Company's new AlphaCrop™ vertical plant growing system is in the final stages of pre-delivery acceptance trials at the manufacturers. AlphaCrop™ complements the well established VertiCrop™ system and is specially designed for smaller commercial growers and amateur growers looking for smaller but still highly cost effective compact units which demonstrate their commitment to growing fresh produce and reducing food miles.
The 5 Stocks to Own in 2010 -- Free Report!Equally pleased with the progress made with the AlphaCrop™ technology, is Brian Lloyd, Sales Manager for Ikon International, whose company has been appointed as main distributor of AlphaCrop™ in the United Kingdom and Ireland. "We will be presenting two models (one for the commercial growers and one even smaller for home or neighbourhood use) of the system at the GROW 2010 International Hydroponics Exhibition in Manchester at the end of March and expect immediate response from the market" said Bryan Lloyd. "We distribute many of the world's leading hydroponic and horticultural products through over 300 retailers and anticipate confirming initial orders for approximately 150 units.
"We are delighted with the performance of the prototype so far," stated Grahame Dunling, Horticultural Manager for Valcent Products (EU) Limited. "We have had the unit running continuously for up to eight hours at a time, with loads well in excess of a ton and at varying speeds and the performance is exceeding our expectations. We will be shipping the unit to our facilities in Launceston next week and will immediately commence an intensive programme of trials with a wide range of crops."
"The design of the AlphaCrop™ is so flexible it will enable us to grow roots crops, such as baby carrots and salad potatoes, as well as strawberries, and every kind of leaf crop," adds Dunling. "We have designed it so that conventional growing media such as compost can be used, or it can be easily converted to a state of the art hydroponics system. We believe that this will appeal both to hobby growers and keen amateur gardeners and AlphaCrop™ will also be employed by commercial growers as a 'stand alone' system or to complement our larger VertiCrop™ vertical growing units."
To view the AlphaCrop™ prototype undergoing acceptance trails, please visit the website at www.valcent.eu and click on to the video link.
About Valcent Products Inc.:
Valcent Products Inc. (OTC.BB:VCTZF) specializes in growing solutions and plant based consumer products and is a leader in the development of innovative and practical eco-technologies. For more information, visit: www.valcent.net and www.valcent.eu and contribute at http://blog.valcent.net/.
Contacts:
Investor Relations
Gerry Jardine or Mike Parker
(604) 608-6192
Toll Free 1 888 506-7979
info@valcent.net
Media Relations
Nancy Tamosaitis-Thompson
Vorticom Public Relations
(212) 532-2208
Nancyt@vorticom.com
Safe Harbor for Forward Looking Statements: This press release contains forward-looking information, in that it describes events and conditions, which Valcent Products, Inc. reasonably expects to occur in the future, and statements including opinions, assumptions and estimates. Forwardlooking statements include information that does not relate strictly to historical or current facts. When used in this document, the words "seeks", "anticipate", "believe", estimate", "expect", "forecast", "intent", "may", "project", "plan", "potential", "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to a wide range of known and unknown risks and uncertainties, including inability to complete sales in process or develop positive cash flow from anticipated product sales, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. We have attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimates expressed or implied by the forward-looking information. The risks and uncertainties that could affect future events or the Company's future financial performance are more fully described in the Company's quarterly reports (on Form 6-K filed in the US and the financial statements and Form 51-102F1 filed in Canada), the Company's annual reports (on Form 20-F filed in the US and the financial statements and Form 51-102F1 filed in Canada) and the other recent filings in the US and Canada. These filings are available at www.sec.gov in the US and www.sedar.com in Canada. For all such forward-looking statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Valcent disclaims any obligation to update any forward-looking statement made herein.
Request news and stock alerts from Valcent Products Inc. (OTCBB: VCTZF) http://www.investorideas.com/Resources/Newsletter.asp
Disclosure: Valcent Products Inc. is a paid advertising client on Investorideas.com and our mining portals.
______________________________________________________________
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!
Solar Stocks; XsunX . (OTCBB: XSNX) Moves Closer to Commercializing Its Innovative Technology for the Replacement of Silicon Solar Cells
Solar Stocks; XsunX . (OTCBB: XSNX) Moves Closer to Commercializing Its Innovative Technology for the Replacement of Silicon Solar Cells
ALISO VIEJO, Calif., March 8 (Investorideas.com Renewable/green Newswire )-- XsunX, Inc. (OTC BB: XSNX), the developer of advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes, today announced the company has reached a significant milestone in its development process: the completion of a co-evaporation processing chamber design that combines several thermal evaporation techniques in one unified process to produce the CIGS (Copper Indium Gallium diSelenide) solar cell's absorber layer.
"This development is crucial to both the equipment and process technology side of our efforts," said Tom Djokovich, CEO of XsunX, Inc. "The completion of this chamber converges several operations that we have been developing separately, allowing all of the processes necessary to produce the CIGS layer for our cross-industry technology to work in unison. This development increases the rate with which we can develop this new technology towards our initial baseline commercialization goals. This is a fundamental next step in our plan to commercialize our hybrid CIGS manufacturing process, and deliver a potential replacement solution for the use of silicon."
The hybrid cross-industry system XsunX is developing is an integrated delivery method that uses proven material handling and automation technologies from the Hard Disk equipment (HD) industry and adapts them to small-area thin-film photovoltaic (TFPV) co-evaporation processes to configure the absorber layer, or solar power conversion portion of the cell, to produce low cost solar cells. The chamber will process 125 mm x 125 mm production-sized substrates that the company anticipates will be replicated as the key component of a full commercial production toolset, after additional testing of the chamber itself.
"This integration of numerous processing technologies into a single chamber design will allow us to begin testing the value of hard disk material handling and systems management technologies," said XsunX's CTO Robert Wendt. "From the start, we envisioned this chamber as the key to our ability to viably produce commercial quantities of CIGS solar cells using small-area processing techniques."
Mr. Wendt further added, "We believe that a key component to our success lies in our use of the co-evaporation process on individual small-area substrates, or wafers similar in size to silicon wafers, to produce the solar absorbing portion of the solar cell."
Co-evaporation has been at the forefront of technology development efforts at institutes worldwide such as the National Renewable Energy Laboratories (NREL) here in the USA, and other renowned agencies including the Institute of Energy Conversion/University of Delaware and Stuttgart in Germany. Each of these agencies has achieved world class efficiency conversion capability utilizing co-evaporation techniques.
Chamber completion is the result of experimentation and design modifications to both equipment and process technology, and in addition to being the foundation on which XsunX will continue to build its technology, also serves as a distinguishing advancement in the company's intellectual capital portfolio. "From the beginning, we envisioned the completion of the chamber design, and its co-evaporation system, as a differentiating feat of the scientific team - a demonstration of their engineering and development prowess," noted Djokovich.
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 diSelenide) 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.
Contacts:
For more information please call 888-797-4527, or visit the company's website at www.xsunx.com.
XsunX Media Relations: Christina Brozek, Beckerman Public Relations, cbrozek@beckermanpr.com, 201.465.8002
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.
SOURCE XsunX, Inc.
*Disclosure: . (OTC BB: XSNX) is a previous showcase advertising green stock on Investorideas.com in 2009
____________________________________________________
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!
ALISO VIEJO, Calif., March 8 (Investorideas.com Renewable/green Newswire )-- XsunX, Inc. (OTC BB: XSNX), the developer of advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes, today announced the company has reached a significant milestone in its development process: the completion of a co-evaporation processing chamber design that combines several thermal evaporation techniques in one unified process to produce the CIGS (Copper Indium Gallium diSelenide) solar cell's absorber layer.
"This development is crucial to both the equipment and process technology side of our efforts," said Tom Djokovich, CEO of XsunX, Inc. "The completion of this chamber converges several operations that we have been developing separately, allowing all of the processes necessary to produce the CIGS layer for our cross-industry technology to work in unison. This development increases the rate with which we can develop this new technology towards our initial baseline commercialization goals. This is a fundamental next step in our plan to commercialize our hybrid CIGS manufacturing process, and deliver a potential replacement solution for the use of silicon."
The hybrid cross-industry system XsunX is developing is an integrated delivery method that uses proven material handling and automation technologies from the Hard Disk equipment (HD) industry and adapts them to small-area thin-film photovoltaic (TFPV) co-evaporation processes to configure the absorber layer, or solar power conversion portion of the cell, to produce low cost solar cells. The chamber will process 125 mm x 125 mm production-sized substrates that the company anticipates will be replicated as the key component of a full commercial production toolset, after additional testing of the chamber itself.
"This integration of numerous processing technologies into a single chamber design will allow us to begin testing the value of hard disk material handling and systems management technologies," said XsunX's CTO Robert Wendt. "From the start, we envisioned this chamber as the key to our ability to viably produce commercial quantities of CIGS solar cells using small-area processing techniques."
Mr. Wendt further added, "We believe that a key component to our success lies in our use of the co-evaporation process on individual small-area substrates, or wafers similar in size to silicon wafers, to produce the solar absorbing portion of the solar cell."
Co-evaporation has been at the forefront of technology development efforts at institutes worldwide such as the National Renewable Energy Laboratories (NREL) here in the USA, and other renowned agencies including the Institute of Energy Conversion/University of Delaware and Stuttgart in Germany. Each of these agencies has achieved world class efficiency conversion capability utilizing co-evaporation techniques.
Chamber completion is the result of experimentation and design modifications to both equipment and process technology, and in addition to being the foundation on which XsunX will continue to build its technology, also serves as a distinguishing advancement in the company's intellectual capital portfolio. "From the beginning, we envisioned the completion of the chamber design, and its co-evaporation system, as a differentiating feat of the scientific team - a demonstration of their engineering and development prowess," noted Djokovich.
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 diSelenide) 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.
Contacts:
For more information please call 888-797-4527, or visit the company's website at www.xsunx.com.
XsunX Media Relations: Christina Brozek, Beckerman Public Relations, cbrozek@beckermanpr.com, 201.465.8002
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.
SOURCE XsunX, Inc.
*Disclosure: . (OTC BB: XSNX) is a previous showcase advertising green stock on Investorideas.com in 2009
____________________________________________________
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!
Green Investor Stock profile for Valcent Products Inc.(OTCBB: VCTZF)
Green Investor Stock profile for Valcent Products Inc.(OTCBB: VCTZF)
Vertical Crop Technology Uses less Water, No Pesticides, Reduces Transportation Costs
Delta B.C., March 5, 2010 - www.InvestorIdeas.com and its leading green investor portals announce the recent addition of vertical crop technology showcase company, Valcent Products Inc. (OTCBB: VCTZF).
Investors can view the full company profile for Valcent Products Inc. (OTCBB: VCTZF) at
http://www.investorideas.com/CO/VCTZF/
Valcent Products Inc.’s VertiCrop high density vertical growth system technology provides a solution to rapidly increasing food costs caused by transportation/fuel costs.
With water use reduction as a key benefit of the technology, it has attracted the attention of well known environmentalist and water advocate, Robert F. Kennedy Jr.
Mr. Kennedy serves as Chief Prosecuting Attorney for the Hudson River keeper and President of Waterkeeper Alliance. His full bio is available at: http://www.robertfkennedyjr.com/about.html
In January Valcent announced, “Robert F. Kennedy Jr. made a presentation on vertical farming and urban agriculture featuring Valcent's VertiCropTM vertical plant growing system at the 78th Winter Meeting of The U.S. Conference of Mayors, in Washington, D.C. last week.
Mr. Kennedy's presentation highlighted the merits and necessity of vertical farming in urban agriculture and the world's balance between demand and supply of food which is sensitive to climate change, fuel demands, access to water, and investments in research and infrastructure. “
Full news: http://www.investorideas.com/CO/VCTZF/news/1261.asp
The VertiCrop system demonstrates the following benefits:
Produces approximately 20 times the normal production volume for field crops
Requires 5% of the normal water requirements for field crops
Can be built on non arable lands and close to major city markets
Can work in a variety of environments: urban, suburban, countryside, desert etc.
Does not use herbicides or pesticides
Will have very significant operating and capital cost savings over field agriculture
Will drastically reduce transportation costs to market resulting in further savings, higher quality and fresher foods on delivery, and less transportation pollution
Will be easily scalable from small to very large food production situations
About Valcent
Valcent Products Inc. (OTCBB: VCTZF) is a leader in the development and manufacturing of commercial vertical crop technology for global markets. Valcent is a pioneer and leader in ecotechnology with its core research and development in sustainable, renewable, and intensive agricultural products. For more information, visit: www.valcent.net and www.valcent.eu.
Request news and stock alerts from Valcent Products Inc. (OTCBB: VCTZF)
http://www.investorideas.com/Resources/Newsletter.asp
About Our Green and Cleantech 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.
Investor Ideas Members currently get login access to 10 stock directories including all cleantech stock directories. Visit the Investor Ideas membership page to learn more at:
http://www.investorideas.com/membership/
About InvestorIdeas.com:
Investor Ideas is a global investor research portal specialized in sector investing. Investor Ideas was one of the first online investing and business resources providing in-depth research, news, investor tools and stock directories for renewable energy, homeland security and water.
Disclaimer: / disclosure: The following company profile for Valcent is a paid for submission. 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, company profile submissions and online advertising. Read more disclaimer and disclosure and compensation disclosure at:
http://www.investorideas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
______________________________________________________________________
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!
Vertical Crop Technology Uses less Water, No Pesticides, Reduces Transportation Costs
Delta B.C., March 5, 2010 - www.InvestorIdeas.com and its leading green investor portals announce the recent addition of vertical crop technology showcase company, Valcent Products Inc. (OTCBB: VCTZF).
Investors can view the full company profile for Valcent Products Inc. (OTCBB: VCTZF) at
http://www.investorideas.com/CO/VCTZF/
Valcent Products Inc.’s VertiCrop high density vertical growth system technology provides a solution to rapidly increasing food costs caused by transportation/fuel costs.
With water use reduction as a key benefit of the technology, it has attracted the attention of well known environmentalist and water advocate, Robert F. Kennedy Jr.
Mr. Kennedy serves as Chief Prosecuting Attorney for the Hudson River keeper and President of Waterkeeper Alliance. His full bio is available at: http://www.robertfkennedyjr.com/about.html
In January Valcent announced, “Robert F. Kennedy Jr. made a presentation on vertical farming and urban agriculture featuring Valcent's VertiCropTM vertical plant growing system at the 78th Winter Meeting of The U.S. Conference of Mayors, in Washington, D.C. last week.
Mr. Kennedy's presentation highlighted the merits and necessity of vertical farming in urban agriculture and the world's balance between demand and supply of food which is sensitive to climate change, fuel demands, access to water, and investments in research and infrastructure. “
Full news: http://www.investorideas.com/CO/VCTZF/news/1261.asp
The VertiCrop system demonstrates the following benefits:
Produces approximately 20 times the normal production volume for field crops
Requires 5% of the normal water requirements for field crops
Can be built on non arable lands and close to major city markets
Can work in a variety of environments: urban, suburban, countryside, desert etc.
Does not use herbicides or pesticides
Will have very significant operating and capital cost savings over field agriculture
Will drastically reduce transportation costs to market resulting in further savings, higher quality and fresher foods on delivery, and less transportation pollution
Will be easily scalable from small to very large food production situations
About Valcent
Valcent Products Inc. (OTCBB: VCTZF) is a leader in the development and manufacturing of commercial vertical crop technology for global markets. Valcent is a pioneer and leader in ecotechnology with its core research and development in sustainable, renewable, and intensive agricultural products. For more information, visit: www.valcent.net and www.valcent.eu.
Request news and stock alerts from Valcent Products Inc. (OTCBB: VCTZF)
http://www.investorideas.com/Resources/Newsletter.asp
About Our Green and Cleantech 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.
Investor Ideas Members currently get login access to 10 stock directories including all cleantech stock directories. Visit the Investor Ideas membership page to learn more at:
http://www.investorideas.com/membership/
About InvestorIdeas.com:
Investor Ideas is a global investor research portal specialized in sector investing. Investor Ideas was one of the first online investing and business resources providing in-depth research, news, investor tools and stock directories for renewable energy, homeland security and water.
Disclaimer: / disclosure: The following company profile for Valcent is a paid for submission. 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, company profile submissions and online advertising. Read more disclaimer and disclosure and compensation disclosure at:
http://www.investorideas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
______________________________________________________________________
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!
Green Investor Stock profile for Valcent Products Inc.(OTCBB: VCTZF)
Green Investor Stock profile for Valcent Products Inc.(OTCBB: VCTZF)
Vertical Crop Technology Uses less Water, No Pesticides, Reduces Transportation Costs
Delta B.C., March 5, 2010 - www.InvestorIdeas.com and its leading green investor portals announce the recent addition of vertical crop technology showcase company, Valcent Products Inc. (OTCBB: VCTZF).
Investors can view the full company profile for Valcent Products Inc. (OTCBB: VCTZF) at
http://www.investorideas.com/CO/VCTZF/
Valcent Products Inc.’s VertiCrop high density vertical growth system technology provides a solution to rapidly increasing food costs caused by transportation/fuel costs.
With water use reduction as a key benefit of the technology, it has attracted the attention of well known environmentalist and water advocate, Robert F. Kennedy Jr.
Mr. Kennedy serves as Chief Prosecuting Attorney for the Hudson River keeper and President of Waterkeeper Alliance. His full bio is available at: http://www.robertfkennedyjr.com/about.html
In January Valcent announced, “Robert F. Kennedy Jr. made a presentation on vertical farming and urban agriculture featuring Valcent's VertiCropTM vertical plant growing system at the 78th Winter Meeting of The U.S. Conference of Mayors, in Washington, D.C. last week.
Mr. Kennedy's presentation highlighted the merits and necessity of vertical farming in urban agriculture and the world's balance between demand and supply of food which is sensitive to climate change, fuel demands, access to water, and investments in research and infrastructure. “
Full news: http://www.investorideas.com/CO/VCTZF/news/1261.asp
The VertiCrop system demonstrates the following benefits:
Produces approximately 20 times the normal production volume for field crops
Requires 5% of the normal water requirements for field crops
Can be built on non arable lands and close to major city markets
Can work in a variety of environments: urban, suburban, countryside, desert etc.
Does not use herbicides or pesticides
Will have very significant operating and capital cost savings over field agriculture
Will drastically reduce transportation costs to market resulting in further savings, higher quality and fresher foods on delivery, and less transportation pollution
Will be easily scalable from small to very large food production situations
About Valcent
Valcent Products Inc. (OTCBB: VCTZF) is a leader in the development and manufacturing of commercial vertical crop technology for global markets. Valcent is a pioneer and leader in ecotechnology with its core research and development in sustainable, renewable, and intensive agricultural products. For more information, visit: www.valcent.net and www.valcent.eu.
Request news and stock alerts from Valcent Products Inc. (OTCBB: VCTZF)
http://www.investorideas.com/Resources/Newsletter.asp
About Our Green and Cleantech 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.
Investor Ideas Members currently get login access to 10 stock directories including all cleantech stock directories. Visit the Investor Ideas membership page to learn more at:
http://www.investorideas.com/membership/
About InvestorIdeas.com:
Investor Ideas is a global investor research portal specialized in sector investing. Investor Ideas was one of the first online investing and business resources providing in-depth research, news, investor tools and stock directories for renewable energy, homeland security and water.
Disclaimer: / disclosure: The following company profile for Valcent is a paid for submission. 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, company profile submissions and online advertising. Read more disclaimer and disclosure and compensation disclosure at:
http://www.investorideas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
______________________________________________________________________
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!
Vertical Crop Technology Uses less Water, No Pesticides, Reduces Transportation Costs
Delta B.C., March 5, 2010 - www.InvestorIdeas.com and its leading green investor portals announce the recent addition of vertical crop technology showcase company, Valcent Products Inc. (OTCBB: VCTZF).
Investors can view the full company profile for Valcent Products Inc. (OTCBB: VCTZF) at
http://www.investorideas.com/CO/VCTZF/
Valcent Products Inc.’s VertiCrop high density vertical growth system technology provides a solution to rapidly increasing food costs caused by transportation/fuel costs.
With water use reduction as a key benefit of the technology, it has attracted the attention of well known environmentalist and water advocate, Robert F. Kennedy Jr.
Mr. Kennedy serves as Chief Prosecuting Attorney for the Hudson River keeper and President of Waterkeeper Alliance. His full bio is available at: http://www.robertfkennedyjr.com/about.html
In January Valcent announced, “Robert F. Kennedy Jr. made a presentation on vertical farming and urban agriculture featuring Valcent's VertiCropTM vertical plant growing system at the 78th Winter Meeting of The U.S. Conference of Mayors, in Washington, D.C. last week.
Mr. Kennedy's presentation highlighted the merits and necessity of vertical farming in urban agriculture and the world's balance between demand and supply of food which is sensitive to climate change, fuel demands, access to water, and investments in research and infrastructure. “
Full news: http://www.investorideas.com/CO/VCTZF/news/1261.asp
The VertiCrop system demonstrates the following benefits:
Produces approximately 20 times the normal production volume for field crops
Requires 5% of the normal water requirements for field crops
Can be built on non arable lands and close to major city markets
Can work in a variety of environments: urban, suburban, countryside, desert etc.
Does not use herbicides or pesticides
Will have very significant operating and capital cost savings over field agriculture
Will drastically reduce transportation costs to market resulting in further savings, higher quality and fresher foods on delivery, and less transportation pollution
Will be easily scalable from small to very large food production situations
About Valcent
Valcent Products Inc. (OTCBB: VCTZF) is a leader in the development and manufacturing of commercial vertical crop technology for global markets. Valcent is a pioneer and leader in ecotechnology with its core research and development in sustainable, renewable, and intensive agricultural products. For more information, visit: www.valcent.net and www.valcent.eu.
Request news and stock alerts from Valcent Products Inc. (OTCBB: VCTZF)
http://www.investorideas.com/Resources/Newsletter.asp
About Our Green and Cleantech 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.
Investor Ideas Members currently get login access to 10 stock directories including all cleantech stock directories. Visit the Investor Ideas membership page to learn more at:
http://www.investorideas.com/membership/
About InvestorIdeas.com:
Investor Ideas is a global investor research portal specialized in sector investing. Investor Ideas was one of the first online investing and business resources providing in-depth research, news, investor tools and stock directories for renewable energy, homeland security and water.
Disclaimer: / disclosure: The following company profile for Valcent is a paid for submission. 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, company profile submissions and online advertising. Read more disclaimer and disclosure and compensation disclosure at:
http://www.investorideas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
______________________________________________________________________
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!
Renewable energy stocks strong in China
Recent headlines from last week and this morning show its time to take a look at renewable energy stocks - especially in China
China's shares edge up, renewable energy strong
By: The Associated Press 08 Mar 2010 04:26 AM ET Text Size SHANGHAI, China - China's shares edged up Monday, led by renewable energy stocks on hopes of government support for the industry, but banks were mixed amid talk of possible lending risks.
The benchmark Shanghai Composite Index rose 0.7 percent, or 22.17 points, to close at 3,053.23. The Shenzhen Composite Exchange for China's smaller second market rose 1 percent, or 11.3 points, to 1,172.80.
Some sectors such as renewable energy were boosted by talk during this week's meeting of China's ceremonial legislature of possible government support, said Qin Xiaobin, chief strategist for Galaxy Securities
full story- http://www.cnbc.com/id/35759534
Led by renewable energy stocks, China shares rise
Instal Biz - Mar 4, 2010
After signs that China's annual parliamentary meeting will declare the support for the renewable energy sector, renewable energy shares led China’s key stock to rise 0.78 percent - its highest close in more than five weeks.
Full article: http://www.instalbiz.com/news/1-full-news-led-by-renewable-energy-stocks-china-shares-rise_447.html
Suntech Power Holdings Co Ltd (STP.N), China's biggest solar panel maker, posted a better-than-expected quarterly profit, helped by higher gross margins as prices for silicon wafers and processing costs declined, sending its shares higher.
Full story: http://www.reuters.com/article/idUSSGE6230H320100304?type=marketsNews
_______________________________________
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!
China's shares edge up, renewable energy strong
By: The Associated Press 08 Mar 2010 04:26 AM ET Text Size SHANGHAI, China - China's shares edged up Monday, led by renewable energy stocks on hopes of government support for the industry, but banks were mixed amid talk of possible lending risks.
The benchmark Shanghai Composite Index rose 0.7 percent, or 22.17 points, to close at 3,053.23. The Shenzhen Composite Exchange for China's smaller second market rose 1 percent, or 11.3 points, to 1,172.80.
Some sectors such as renewable energy were boosted by talk during this week's meeting of China's ceremonial legislature of possible government support, said Qin Xiaobin, chief strategist for Galaxy Securities
full story- http://www.cnbc.com/id/35759534
Led by renewable energy stocks, China shares rise
Instal Biz - Mar 4, 2010
After signs that China's annual parliamentary meeting will declare the support for the renewable energy sector, renewable energy shares led China’s key stock to rise 0.78 percent - its highest close in more than five weeks.
Full article: http://www.instalbiz.com/news/1-full-news-led-by-renewable-energy-stocks-china-shares-rise_447.html
Suntech Power Holdings Co Ltd (STP.N), China's biggest solar panel maker, posted a better-than-expected quarterly profit, helped by higher gross margins as prices for silicon wafers and processing costs declined, sending its shares higher.
Full story: http://www.reuters.com/article/idUSSGE6230H320100304?type=marketsNews
_______________________________________
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, 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!
Monday, March 01, 2010
Solar Stocks; GT Solar International (NASDAQ: SOLR) Announces Secondary Offering of 25 million Shares of Common Stock by a Selling Stockholder
Solar Stocks; GT Solar International (NASDAQ: SOLR) Announces Secondary Offering of 25 million Shares of Common Stock by a Selling Stockholder
MERRIMACK, N.H.--(Investorideas.com Renewable/Green Newswire )--On March 1, 2010, GT Solar International, Inc. (NASDAQ: SOLR), announced a secondary offering of 25 million shares of its common stock by one selling stockholder, GT Solar Holdings, LLC, pursuant to a shelf registration statement filed with the Securities and Exchange Commission. The selling stockholder has also granted the underwriters an option to purchase up to an additional 3.75 million shares of common stock to cover over-allotments, if any.
UBS Securities LLC and Credit Suisse Securities (USA) LLC are the joint bookrunning managers for the offering, Thomas Weisel Partners LLC is the lead manager and Pacific Crest Securities LLC and Raymond James & Associates, Inc. are the co-managers.
A copy of the prospectus supplement and base prospectus relating to the offering may be obtained by contacting: UBS Securities LLC, 299 Park Avenue, New York, New York, 10171, Attn: Prospectus Department (888-827-7275, ext. 3884) or Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, New York, 10010-3629 (800-221-1037).
A shelf registration statement relating to the offering was filed with and declared effective on November 13, 2009 by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About GT Solar International, Inc.
GT Solar International, Inc., based in Merrimack, NH, USA, is a leading global provider of specialized production equipment, process technology and turnkey manufacturing services for the solar power industry. The company’s products and services allow its customers to optimize their manufacturing environments and lower their cost of ownership, accelerating the drive towards grid parity.
_______________________________________________
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!
MERRIMACK, N.H.--(Investorideas.com Renewable/Green Newswire )--On March 1, 2010, GT Solar International, Inc. (NASDAQ: SOLR), announced a secondary offering of 25 million shares of its common stock by one selling stockholder, GT Solar Holdings, LLC, pursuant to a shelf registration statement filed with the Securities and Exchange Commission. The selling stockholder has also granted the underwriters an option to purchase up to an additional 3.75 million shares of common stock to cover over-allotments, if any.
UBS Securities LLC and Credit Suisse Securities (USA) LLC are the joint bookrunning managers for the offering, Thomas Weisel Partners LLC is the lead manager and Pacific Crest Securities LLC and Raymond James & Associates, Inc. are the co-managers.
A copy of the prospectus supplement and base prospectus relating to the offering may be obtained by contacting: UBS Securities LLC, 299 Park Avenue, New York, New York, 10171, Attn: Prospectus Department (888-827-7275, ext. 3884) or Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, New York, 10010-3629 (800-221-1037).
A shelf registration statement relating to the offering was filed with and declared effective on November 13, 2009 by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About GT Solar International, Inc.
GT Solar International, Inc., based in Merrimack, NH, USA, is a leading global provider of specialized production equipment, process technology and turnkey manufacturing services for the solar power industry. The company’s products and services allow its customers to optimize their manufacturing environments and lower their cost of ownership, accelerating the drive towards grid parity.
_______________________________________________
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.
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Our goal - One Million More Investors Investing in Green Technology and Water Technology in 2010!
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