PLUG POWER INC – Selects Maxwell Technologies Ultracapacitors
Plug Power Inc. (Nasdaq: PLUG), a leading developer of hydrogen fuel cell-based power systems for electric lift trucks is trading up 1.12% following a September 3, 2008 joint announcement with Maxwell Technologies, Inc. (Nasdaq: MXWL ) that Plug has selected Maxwell’s BOOSTCAP® ultracapacitors to enhance performance and energy management in its line of GenDrive(TM) power units.
David Schramm, Maxwell’s president and chief executive officer, said that Plug Power has placed a purchase order for Maxwell’s BOOSTCAP MC2600 2,600-farad ultracapacitor cells to be delivered during the third and fourth quarters.
“Plug Power is a leading integrator of fuel cell-based power solutions for zero-emission material handling vehicles, such as electric lift trucks, as well as other continuous and backup power applications,” Schramm said. “This innovative combination of technologies is another example of the synergy between hydrogen fuel cells’ extended energy output and ultracapacitors’ short duration burst power capabilities.” To read the entire story, click here:
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RASER TECHNOLOGIES INC – to develop 100,000 acres in West Java for Indonesia Power
Raser Technologies, Inc. (NYSE Arca:RZ) is trading up 5.24% following the Company’s September 3, 2008 announcement that it was chosen to develop, in conjunction with Indonesia Power, over 100,000 acres of geothermal resources to build an estimated 110 megawatts (MW) of geothermal power in West Java, Indonesia’s most populated island. The 412 square kilometers concession surrounds the Tangkuban Perahu volcano, approximately 15 miles north of Bandung, the capitol of the West Java Province. Bandung has over 2 million people and is the largest city in the West Java Province, which has over 35 million residents. To read the entire story, click here:
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COMPOSITE TECHNOLOGY CORPORATION – Promotes Bob Rugh to President of DeWind Inc.
Composite Technology Corporation (CTC) (OTCBB:CPTC) is trading up 2.88% following the Comany’s September 3, 2008 announcement that Robert C. (Bob) Rugh has been promoted to President of DeWind, Inc., a subsidiary of CTC. Previously, Mr. Rugh served DeWind as Executive Vice President of Operations, under DeWind President Marvin Sepe, who will remain CTC’s Chief Operating Officer and will oversee both our DeWind and CTC Cable business subsidiaries. To read the entire story, click here:
FLORIDA POWER & LIGHT COMPANY – Files for 7% Increase in Rates but Still Cheapest in Florida Thanks to Alternative Energy
Florida Power & Light Company (NYSE: FPL) is trading down 2.2% following the Company’s September 3, 2008 announcement that its preliminary estimates for 2009 customer bills will require an increase in January of about 7 percent over the December 2008 bill.
The primary components of the adjustment include pass-through fuel costs, previously announced investments in nuclear power generation, and energy conservation costs. Bill estimates are subject to change based on fluctuation in fuel prices, the potential impact of hurricanes and other factors which cannot be anticipated. Any increases must be approved by the Florida Public Service Commission (PSC).
For a typical 1,000 kilowatt hour customer bill, the January 2009 bill would be $8.29 more than the December 2008 bill. At $119.41, the 2009 bill would be among the lowest of all electric utilities in Florida. To read the entire story, click here:
EVOLUTION SOLAR CORP - Unveils Plans for Solar HVAC units
Evolution Solar Corp (Pink Sheets: EVSO) is trading flat following the company’s September 3, 2008 unveiling of plans for energy conversion appliances including a complete line of unique of solar powered air conditioning and heating units.
Energy conversion appliances derive a large percentage of their energy needs from alternative or renewable energy sources such as solar energy. The technology is similar to existing heat pumps except the primary source of power is solar and the secondary back up is grid enabled with auto switch over ability.
“Green Technology presents us the greatest marketing opportunity as it touches the lives of nearly every individual on the planet,” explained Robert Kaapke, CEO of Evolution Solar. “We expect that Congress will pass a multi-year extension of the solar investment tax credit in the first half of 2009 with higher residential credits and utility participation,” he continued.
Evolution Solar recently acquired Synergy Development, a Research and Development Company based in Shanghai, China, to develop its line of proprietary Green Technology and Energy Conversion Appliances. To read the entire article, click here:
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