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For a renewable Europe: the Vienna Call for Action

For a renewable Europe: the Vienna Call for Action The socio-political, economic, environmental and military stability of the European Union is at stake, to a great extent due to its overwhelming reliance on costly, toxic, non resilient, dangerous and non-renewable energy sources and distribution networks. Regional strategies of building renewable supply systems are essential in […]

Ormat Technologies Reports 2014 Third Quarter Results

Net income attributable to the Company’s stockholders increased 27.5% to $16.5 million or $0.36 per share Adjusted EBITDA grew 14.9% and reached $69.2 million Ormat Technologies, Inc. (NYSE: ORA) announced today its financial results for the third quarter of 2014. Quarterly financial highlights and recent developments: • Quarterly revenues increased 7.3% to $140.2 million compared […]

Ormat Signs $22.3 Million Contract with UAMPS for Recovered Energy Generation Project

Ormat Technologies, Inc. (NYSE:ORA) announced today that its wholly-owned subsidiary has entered into a $22.3 million engineering, procurement and construction (EPC) contract with the Utah Associated Municipal Power Systems (UAMPS). Ormat will install an air-cooled Ormat Energy Converter at the Kern River Gas Transmission Company’s (“Kern River”) Veyo natural gas compressor station in southern Utah. […]

Advanced Energy Announces Third Quarter Results

Revenue of $143 million GAAP earnings of $0.30 per diluted share Non-GAAP earnings of $0.42 per diluted share Ended quarter with $106 million in cash Advanced Energy Industries, Inc. (Nasdaq:AEIS) today announced financial results for the third quarter ended September 30, 2014. The company reported third quarter sales of $143.1 million compared with $146.3 million […]

Ormat Signs 25-Year PPA and Steam Supply Agreement for the 35 MW Menengai Geothermal Project in Kenya

Ormat Technologies, Inc. (NYSE: ORA) today announced that its majority owned Kenyan subsidiary (the Project Company) owned by Ormat (51%), Symbion Power LLC (24.5%) and Civicon Ltd. (24.5%), signed a 25-year Power Purchase Agreement (PPA) with Kenya Power and Lighting Co. Ltd (KPLC) and a project implementation and steam supply agreement (PISSA) with Geothermal Development […]

Energy Department Announces $10 Million for Full-Scale Wave Energy Device Testing

The Energy Department, in coordination with the Navy, today announced funding for two companies that will continue to advance marine and hydrokinetic (MHK) technology as a viable source for America’s clean energy future. Ocean Energy USA and Northwest Energy Innovations will test their innovative wave energy conversion (WEC) devices for one year in new deep […]

Energy Department Announces New Grant Topics to Help Small Businesses Develop Clean Energy Technologies

The Energy Department’s Office of Energy Efficiency and Renewable Energy (EERE) today announced nine topics and 26 new subtopics under its Small Business Innovation Research (SBIR) and Technology Transfer (STTR) programs that will help small businesses develop and deliver market-driven clean energy technologies. This year, EERE’s areas of interest range from energy-saving buildings and manufacturing […]

NREL and Army Validate Energy Savings for Net Zero Energy Installations

Net Zero Energy Installations could save millions a year in energy costs The U.S. Army (Army) has partnered with the Energy Department’s National Renewable Energy Laboratory (NREL) to increase energy security through improved energy efficiency and optimized renewable energy strategies at nine installations in the Army’s portfolio. If all nine of the Army Net Zero […]

EU 2030 Energy and Climate Targets: the Right Regulatory Framework will lead us way beyond 27% for Renewables!

The European Council has set a binding 40% GHG emissions reduction target, a minimum 27% for renewables – only binding at EU-level- and an indicative 27% for energy efficiency. These targets fall short of the needs of Europeans. More can be achieved with renewables for heating and cooling, and consistent actions on energy security, affordability […]

Stronger 2030 targets will help renewables get to zero subsidy

Renewables could be cheapest source of low carbon energy by 2030 The Renewable Energy Association is calling on European leaders to set effective renewable energy targets for EU Members States in the 2030 energy and climate framework, which will be finalised at a meeting of the European Council taking place today and tomorrow [1]. With […]