All time high gasoline prices are providing the growth stimulus needed for makers of rechargeable Lithium-Ion Batteries to achieve profitability and accelerate their penetration of the; automotive, smart grid and stationary power markets in North America.
Toronto, Ontario - April 5, 2011 - Sustainable Energy Technologies Ltd (TSX V:"STG") ("Sustainable Energy" or the "Company") Canada's solar inverter company, announced today that it has completed a private placement of 16,192,858 Units for gross proceeds of $2,267,000 million ("$0.14 per Unit") by way of a non-brokered exempt private placement.
Sustainable Energy Technologies Ltd (TSX V:"STG") ("Sustainable Energy" or the "Company") Canada's solar inverter company, announced today that it has issued 10.85 Units for gross proceeds $1.52 million ("$0.14 per Unit") by way of a non-brokered exempt private placement. The Company expects to close the balance of its previously announced (See News Release dated March 17 2011) private placement shortly.
GREAT LAKES ENERGY,ESEI SOLAR INC. AND SOLAR INCOME FUND PARTNER TO BUILD AND FINANCE 370 kW OF MICRO-FIT SOLAR ENERGY PROJECTS -Supporting the continued growth of the province's solar energy industry-
Changes in solar incentives in key markets such as Germany and Italy are making life difficult for major players such as First Solar, which reported a flat first-quarter revenue and lower earnings on Tuesday afternoon. "With a lot of pending changes, the market started out really slow in 2011," said Rob Gillette, First Solar's CEO, during a conference call with analysts. "We expect the European industry demand to go through a period of adjustment in the second and third quarter." Manufactures saw solar panel prices falling faster than expected, Gillette said, and the lower selling prices were partly responsible for the company's financial results. Europe is the largest solar market, a result of a type of incentive policy that requires utilities to buy solar electricity at government-set, premium prices. The prices are supposed to fall over time as the market grows and production costs drop, but political leaders in Europe in recent years have taken to making extra cuts to curb explosive growth and minimize the impact on consumers, who help to pay for these incentives through their electric bills.
The BZEE Training Centre for Renewable Energy in Husum, Germany, is the first operation in the energy sector worldwide to be awarded the new ISO certificate.
MXenergy offers easy, economical tips to be more energy efficient
Specially designed for extremely cold regions, DEGERenergie has developed a Heatable Wind Guard. This equipment will be available as an accessory for each of the DEGER trackers. With more than 35,000 systems installed worldwide, DEGERenergie is the global market leader for solar tracking systems.
The Spanish company PROINSO has launched the PROINSO Solar Training School initiative. This is an innovative international training program for photovoltaic solar energy installers, aimed at the 1,406 companies within its network of Qualified Installers around the world.
The new warehouse in Toronto, Canada will enable the company to better serve its Canadian customers.
The 2012 Mitsubishi i in the ES trim level will have a base price after federal tax credit of only $20,490 - a substantial savings compared to some of its EV competitors. Further, the optional SE trim level includes a dynamic 360-watt, 8 speaker deluxe sound system, leather-wrapped steering wheel, higher quality upholstery with silver accents, two-tone interior dash and door panels, 15-in. alloy wheels, and fog lamps at only $22,490 after credit. An optional SE premium package is available for $2,790 and including a quick charging port for ultra-fast Level 3 recharging (80% full in only 30 minutes), HDD navigation system, rearview camera, FUSE hands-free communication with USB port and an articulated steering wheel. Despite the price, the base model Mitsubishi i ES packs a fair compliment of standard equipment and amenities, including electric power steering (EPS), LED rear lights, heated driver's seat, air conditioning with micron filter, keyless entry, an on-board recharging system with 8 amp charging cable plus a 4 speaker, 100-watt AM/FM/CD audio system with MP3/WMA playback. A Cold Zone package is available on both the ES and SE for only $150 including a Li-Ion Battery Warming System and heated sideview mirrors. Mitsubishi is making pre-ordering the all-electric car a simple 4-step process taking only a matter of minutes. The first 2,000 placing an order and taking possession of the Mitsubishi i, will benefit from Mitsubishi's waiving the $99.99 home electrical inspection fee - a charge no one sees coming.
Schneider Electric's line of three-phase inverters has expanded with the availability of four new products for the North American market.
Total SA, Europe's third-biggest oil producer, agreed to buy as much as 60 percent of SunPower Corp. for $1.38 billion, taking advantage of increased global interest in renewable energy. SunPower, the second-largest U.S. solar panel maker, described the acquisition price of $23.25 a share as a "friendly tender offer" in a statement. SunPower surged 40 percent to $22.53 yesterday after the close of regular trading on the Nasdaq Stock Market. The deal for San Jose, California-based SunPower may lead to more solar industry acquisitions as U.S. and European suppliers seek help competing against rival suppliers in Asia, said Kevin Landis, portfolio manager at Sivest Group Inc. "This is exactly what SunPower needed to compete with the Chinese manufacturers that are getting so much support from their government," Landis said in an interview. "It also allows SunPower to double down on the technology improvements they'll need to compete in the long run." Sivest, also based in San Jose, held about 17,000 shares of SunPower at the start of the year. The takeover may trigger similar acquisitions by oil companies that consider renewable-energy manufacturers a way to improve their clean-energy credentials and may profit when surging crude prices reduce demand for fossil fuels, said John Hardy, an analyst at Gleacher & Co. in New York.
Solar industry veteran Marco Garcia named Chief Commercial Officer; Manufacturing Industry Veteran Bob Zapotosky New Chief Financial Officer
One of the state's largest, the system will produce 285,500 kWh hours of electricity and reduce carbon emissions by 205 metric tons annually
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