China's Wanxiang to take control of battery maker A123
A123 Systems Inc. (NASDAQ: AONE) , designer, developer, manufacturer and seller of rechargeable lithium-ion and energy storage systems, today reported a loss in its second quarter. However, shares of the Waltham, Massachusetts-based are gaining after it secured a financing deal.
For the second quarter, AONE reported a loss of $82.9 million, or $0.56 per share, compared to a loss of $55.4 million, or $0.44 per share reported for the same period in the previous year. Revenue for the quarter fell 53% to $17 million. AONE’s results were worse than Street estimates.
Despite posting worse-than-expected results, AONE shares are up sharply today after the company reached an agreement with Chinese auto parts maker Wanxiang Group Corp. for an investment of up to $450 million. The investment will help AONE to stay afloat.
David Vieau, CEO of A123 Systems, said that today’s announcement is the first step toward solidifying a strategic agreement that the company believes would remove the uncertainty regarding its financial situation.
Wolfe Center for the Arts at Bowling Green State University earns LEED Silver certification
The Wolfe Center for the Arts at Bowling Green State University has been awarded LEED Silver status by the U.S. Green Building Council. Rudolph/Libbe Inc., of Walbridge, OH, was general trades contractor for the 97,000-square-foot performing arts building.
Clenergy PV-ezRack Grounding System accredited by ETL
ETL recently accredited Clenergy's new PV-ezRack Grounding system. ETL's listing of Clenergy's PV-ezRack Grounding System is yet more proof of Clenergy's successful commercialization of its independent intellectual property. Its application in multiple Clenergy's PV-ezRack mounting systems marks another major improvement in product quality.
Grid Security Summit Assembles Top Security Experts
If you want to know about smart grid security, this is the summit to attend.
Registration Now Open for Geothermal Meeting
Special Deals for Early Birds and Students
Clinic In A Can creates first fully solar powered medical facility in shipping container
Clinic In A Can recently completed the first fully solar powered medical clinic constructed in a shipping container. The container clinic, called a Clinic In A Can, is a shipping container that is transformed into a self-sustaining, fully functioning medical clinic powered by solar energy.
Conergy Completes 1.8MW Solar Electric Installation for Aqua Pennsylvania, Inc.
1.8MW solar farm among largest in Pennsylvania
JA Solar Signs 47 MW Supply Agreement With UK PV Installer A Shade Greener; Shipments Commence in August
ASG currently carries out an average of 400 residential installations
per week across the United Kingdom.
DEGERenergie reports very successful half-year Continuously growing demand for MLD tracking technology
Worldwide keen interest in efficiency and economic viability – strong trend towards self supply and decentralized solar energy generation
Stahlin Non-Metallic Enclosures Displays J and N Series at Solar Power International 2012, September 10-13, Orlando, FL Booth # 2563
FuelCell Energy Announces First Stationary Fuel Cell Power Plant Sale by German-based FuelCell Energy Solutions, GmbH
Premier and Highly Visible Installation at Federal Ministry of Education and Research Government Complex in Berlin, Germany
Eagle Creek Renewable Energy Acquires Blue Heron Hydro, LLC, Will Develop Two New Hydroelectric Facilities on Vermont's West River
To be built on Army Corps of Engineers dams on the West River in southern Vermont.
Providing Capital and Technology, GE Advances Partnership with Enel Green Power to Build One of Minnesota's Largest Wind Farms
This transaction showcases GE's ability to provide both world-class technology and flexible financing structures for our customers and advances our long-term partnership with Enel Green Power, an established renewable energy leader
Geronimo Wind Energy Sells the Prairie Rose Wind Farm to Enel Green Power
The Prairie Rose Wind Farm is located in Rock County in southwestern Minnesota and will consist of 119 1.68-megawatt GE turbines.
Ascent Solar Selected to Provide BIPV Modules for New Foxconn Plant
Pilot Installation of BIPV
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