Recent Other

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 […]

Sonoma Clean Power signs Two Landmark Clean Power Deals

Favorable Pricing, Long Terms Ensure Competitive Rates for SCP Customers Less than six months after beginning to serve customers, Sonoma Clean Power (SCP) reached another milestone today with two large-scale purchases of clean geothermal and solar power. The new power agency’s rates are already 4 to 5% lower than PG&E’s rates today, and these deals […]

Energy Department Making Hydropower More Eco-Friendly

Hydropower has long provided a flexible, low-cost, and renewable source of power for the United States—since the 1800s, in fact. Even today, in fact, hydropower accounted for roughly half of the nation’s renewable-generated electricity in 2013. The Energy Department, in collaboration with the national laboratories and industry, is working to advance hydropower technologies by making […]

Enphase Energy Enters Into Energy Storage Business with AC Battery

Introduces a modular, plug-and-play solution that is fully integrated into the Enphase Energy Management System Enphase Energy, Inc. (NASDAQ: ENPH), announced today its Enphase AC Battery, an advanced energy storage solution with a modular, plug-and-play storage device fully integrated with the just-introduced Enphase Energy Management System. Based on a distributed architecture, the AC Battery is […]