PEG BRICKLEY and ANNE STEELE for The Wall Street Journal: Solar-energy Company SunEdison Inc. on Thursday filed for chapter 11 bankruptcy protection, a dramatic move for a company whose market value stood at nearly $10 billion in July. SunEdison said its publicly traded entities, TerraForm Power Inc. and TerraForm GlobalInc., aren’t part of the filing. The two so-called yieldcos—separate entities that buy operating projects from developer SunEdison and pay out cash flow to their shareholders—said Thursday they believe they have sufficient liquidity to run their businesses and meet financial obligations, although SunEdison’s bankruptcy “will present challenges.” Bankruptcy has been a near-certainty for SunEdison for some time. The company borrowed heavily to buy up wind and solar developers, accumulating a pile of debt that worried investors. Disappointing earnings didn’t ease their fears about the pace of SunEdison’s growth, and an accounting move last year that reclassified more than $700 million worth of debt heightened anxieties. Cont'd...
According to the US Geological Survey, 66% of public water comes from surface water. Presumably some of that is pumped at some point, but even if only half of that were gravity fed, the potential for electricity production from municipal water pipes is significant.
Deterministic weather forecasts have their place, but probabilistic forecasts are the clear choice for alternative energy companies that take the weather seriously and need long-term data.
ESA Commends Senate on Passing the Energy Policy Modernization Act, Bipartisan Agreement on Importance of Energy Storage
Today, the Energy Storage Association (ESA) released the following statement, attributable to Matt Roberts, Executive Director of ESA.
The invitation follows the launch of its pioneering industrial air source heat pump, an innovation that emerged from the joint partnership of forward-thinking GHA, WSP Parsons Brinkerhoff, Scottish Gas and Star Refrigerations renewable arm.
With over 70 wave and tidal sector speakers, including three compelling keynote addresses, over the course of the two days, All-Energy 2016 (SECC, Glasgow, UK; 4-5 May) is hosting an all embracing series of sessions on this emerging force in renewable energy.
Polysilicon price continues to advance this week despite the weak downstream performance. The demand in China booms due to the extensive expansion plans of downstream wafer makers. Meanwhile, the supply in China has been relatively limited due to the imposition of high tariff on the US polysilicon imports. Moreover, the Chinese government recently initiates the investigation on the smuggling polysilicon from entering the Chinese market, which lead the procurement of polysilicon to become more difficult.
The Marine Management Organisation (MMO) has today granted its approval of the offshore elements of PTEC, a transformational 30MW tidal power project. The onshore part of the project was approved by the local planning authority last year. PTEC is now the largest consented tidal stream energy project in England and Wales.
Ecoppia E4 Robots in their docking station: Demand for Ecoppia's smart utility-PV cleaning technology has seen a large increase in demand
SUNRNR of Virginia is participating in a White House Business Council and Business Forward briefing. Severe weather impacts and stimulating investment in new energy products are topics on the agenda.
WattJoule Corporation, a developer of next-generation liquid electrical energy storage systems, has developed and built a new system demonstrating a major industry cost breakthrough. The new storage platform is called ElectriStor™ and will be offered to system integrators as the preferred core component for storing large amounts of solar and wind energy. One of the major barriers preventing the widespread adoption of large-scale energy storage has been cost. WattJoule has engineered the ElectriStor™ platform based on the redox flow battery concept where electricity is stored in a liquid. WattJoule's proprietary liquid electrolyte is mostly water, and the company has developed a new, inexpensive process to make it in large quantities. Early liquid energy storage systems have suffered from a number of technical and cost limitations. Recently there have been several technical breakthroughs to overcome these constraints. WattJoule has both developed and exclusively licensed key technologies that, in combination, dramatically lower energy storage costs to $150 per kilowatt-hour in its first-generation energy storage product. Full Press Release:
Selection of InspecTools as provider of drone inspection systems reinforces InspecTools' leadership position in the drone inspection market.
Members full spectrum of fuel cell and hydrogen technology supply chain at global event featuring President Obama.
The IREC 3iAwards honor innovation, ingenuity and inspiration from the nation's best in both renewable energy and energy efficiency.
Global clean energy investment dropped in Q1 2016, despite mega-financings in UK and Norwegian wind, due to a slowdown in China and a dearth of public market equity raises
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