AXION POWER INTERNATIONAL – Reports on 2nd Quarter Results
Axion Power International, Inc. (OTCBB: AXPW ), a leading developer of advanced lead-carbon “PbC”(TM) batteries, is trading flat following the Company’s release on August 7, 2008 of the results for its second quarter and first six months ended June 30, 2008. Sales during the 2008 second quarter were $176,080, as compared to $133,078 during last year’s second quarter. The Company reported a net loss for the second quarter of 2008 of $3.2 million, or $0.16 per share, as compared to a net loss of $3.4 million, or $0.21 per share, for the second quarter of 2007.
For the first six months of 2008, sales were $319,807, as compared to $297,591 for the prior year’s first six months. Net loss for the first six months of 2008 was $6.1 million, or $0.32 per share, as compared to a net loss of $10.0 million, or $0.61 per share, for the first six months of 2007. All revenues for the first and second quarters of 2008 came from specialty lead-acid batteries that the Company has been manufacturing in limited quantities at its modernized plant in New Castle, Pennsylvania. To read the entire story, click here:
HYDROGENICS CORPORATION – To Supply Electrolyzer to Powertech Labs
Hydrogenics Corporation (Nasdaq: HYGS), a leading designer and manufacturer of hydrogen electrolyzers and fuel cell systems, is trading up 1.43% following the August 7, 2008 announcement by the Company that it has been selected by Powertech Labs, a wholly-owned subsidiary of BC Hydro, to provide an electrolyzer for a community hydro-hydrogen-diesel system serving the community of Bella Coola, British Columbia. By adding zero-emission hydrogen generation, storage and power generation, the Bella Coola project expects an increase in the proportion of electricity derived from their run-of-the-river hydro-electric power generation system. This increased penetration of renewable resources will lead to a decreased dependence on diesel fuel. Hydrogenics anticipates it will deliver its commercially proven HySTAT(TM) onsite generation electrolyzer to Powertech Labs within nine months. To read the entire story, click here:
CONSTELLATION ENERGY – Will Acquire Water & Energy Savings Corporation
Constellation Energy (NYSE: CEG) is trading down .22% following the Company’s August 7, 2008 announcement that its subsidiary, Constellation Energy’s Projects & Services Group (CEPS), has signed an agreement to acquire Water & Energy Savings Corporation (W&ESCO). W&ESCO will operate under the Constellation Energy brand from its base in St. Petersburg, Florida. W&ESCO provides a full range of performance-based water and energy solutions complementing Constellation Energy’s Projects & Services Group’s existing business lines which include energy consulting, energy services and energy assets. To read the entire article, click here:
WESTERN GEOPOWER CORP – Secures $25 Million through Equity Placements
Western GeoPower Corp., (TSX VENTURE:WGP.V) a renewable energy development company, is trading down 2.64% following the Company’s August 7, 2008 announcement that it has arranged up to $25 million in equity funding by way of a non-brokered private placement of 100,000,000 Units (the “Units”) at a price of $0.25 per Unit. Each Unit consists of one common share and one transferable share purchase warrant exercisable into one common share for a period of 24 months from closing at a price of $0.45 per share during the first 12 months and $0.50 per share during the last 12 months.
The funds will be used for the ongoing drilling and development of the 35 MWe Western GeoPower Unit 1 geothermal project at The Geysers geothermal field in California and for general working capital. To read the entire article, click here:
RASER TECHNOLOGIES – Releases Well Analysis showing 10MW Project Capacity
Raser Technologies, Inc. (NYSE Arca: RZ) is trading up 3.11% following the Company’s August 7, 2008 announcement that GeothermEx Inc., an independent third party geothermal consultant, has completed and delivered its analysis of the well field for Raser’s Thermo geothermal power project near Beaver, Utah. GeothermEx is the largest, most comprehensive geothermal consulting and services firm in the Western Hemisphere. GeothermEx reported that well #24-34 indicated 3.6 megawatts (MW) net at the well depth level Raser plans to produce, with temperatures in excess of 280 degrees F. GeothermEx’s analysis of the resource concludes that ample resources are available in the immediate vicinity of the announced Thermo project to support a 10 MW net plant using the closed loop binary systems planned for this plant. The report also concludes that the larger area of Raser’s Thermo resource field is most likely to sustain 238 MW gross with a 90% probability of sustaining 138 MW of geothermal energy or enough power to supply over 100,000 homes. Raser recently announced the leasing of an additional 6,000 acres of geothermal rights on lands in the same area bringing its total interests in the area to nearly 30,000 acres. Click here for the entire story
TRINA SOLAR LIMITED – Announces conference call to discuss 2nd Quarter
Trina Solar Limited (NYSE: TSL), a leading integrated manufacturer of solar photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, is trading up 2.29% following the Company’s August 7, 2008 announcement that it will host a conference call at 8:00 a.m. ET on Monday, August 18, 2008, to discuss results for the quarter ended June 30, 2008. To read the entire story, click here
