Shares of lithium-ion battery technology company Ener1, Inc. (NASDAQ: HEV) (market cap $292 million) had plunged more than 27% by mid-day after the company reported at the market close Tuesday that it increased Q1 2011 revenues but suffered major net losses largely attributed to the write-down of the company’s 48% investment in Think Holdings, AS, a Norwegian electric vehicle manufacturer.
Shares of rooftop solar technology and products company Energy Conversion Devices, Inc. (NASDAQ: ENER) (market cap $82 million) recovered slightly in early today after falling more than 14% Tuesday on huge losses in its Q3 2011 ended March 31, 2011, including a massive write-down of assets whose values have dropped in the face of declining sales. The company’s shares have fallen more than 66% in 2011 as the company has battled deteriorating sales, particularly in key markets France and Italy where governments have reduced solar power adoption incentives.
U.S. solar power kingpin First Solar, Inc. (Nasdaq: FSLR) said today it will cooperate with Beijing-based China Power International New Energy Holding Limited (CPINE) on the development of solar photovolatic (PV) projects in China, the United States and other markets. The companies signed an agreement today at a ceremony in Beijing.
Colorado doesn’t want to take a page from the book on solar permitting fees, it wants to write one.
Applied Materials Inc. (Nasdaq: AMAT), the world's largest provider of equipment used to manufacture both solar photovoltaic panels and computer chips, has announced plans to purchase Gloucester, Mass.-based Varian Semiconductor Equipment Associates, a leading maker of ion-implantation systems—which are used to build the transistors for solar panels, long-lasting, energy-efficient LED technology and mobile device chips—for $4.9 billion.
Siemens AG (NYSE: SI) said today it is shipping 22 wind turbine nacelles and hubs manufactured at its Hutchinson, Kansas, plant to a Puget Sound Energy (PSE) wind farm in Washington state by rail -- which will reduce the carbon footprint of the transport by 80% compared with shipping the huge 87-metric-ton components by truck.
A collaboration between researchers from MIT (Massachusetts Institute of Technology) and Boston College has delivered a solar thermoelectric generator, or STEG, with a peak efficiency of 4.6 percent.
Wells Fargo & Co. (NYSE: WFC) and SunEdison LLC, a subsidiary of MEMC Electronic Materials, Inc. (NYSE: WFR), said today Wells Fargo subsidiaries will invest up to $120 million to fund U.S. solar photovoltaic distributed generation power projects developed by SunEdison over the next year. The program builds on a SunEdison solar investment fund established in 2007 in which Wells Fargo invested more than $200 million in approximately 150 solar projects developed by SunEdison in eight states.
The U.S. Environmental Protection Agency, or EPA, released its national greenhouse gas (GHG) inventory on Monday, April 18, 2011 showing that overall emissions during 2009 decreased by 6.1 percent.