DayStar Technologies released its second quarter results for the period that ended on June 30, 2010. Net loss for the quarter was US$12.2 million, higher than Q2 2009 net loss of US$6.7 million. DayStar attributes the loss on the non-cash restructuring charges of US$7.8 million, which includes a US$3.5 million in impairment charges on leasehold improvements at their Newark, California, facility once the lease expired...
In the completion of its Series A2 financing, BT Imaging not only secured US$3.8 million, but added Applied Ventures as a new investor joining Allen & Buckeridge and Uniseed. Applied Ventures is the main venture capital division for Applied Materials. BT Imaging will be putting the new funds towards product development, global expansion and building its portfolio.
Sustainable Energy Technologies has revealed the immediately effective management change, which will see Michael Carten, the current chairman of the board, as the replacement for Sanjay Razdan as CEO of the company.
Robert Chiste and Uwe Krueger are the newly appointed independent directors to STR Holdings board of directors. Chiste will be on the audit committee as the third independent member and Dr. Krueger will serve on the nominating and corporate governance committee.
In a continuation of their already established partnership, SunEdison and DRI Energy have signed a channel partnership for the installation of 19MW of solar power plants in California, Hawaii and Arizona. SunEdison will finance solar deployment contracts assisted by DRI with commercial, government and utility clients. Additionally, SunEdison will own, operate, maintain and monitor the solar power plants, which are to be designed, engineered and constructed by DRI.
Northern California’s Butte College is looking forward to calling itself the only college in the United States that is grid positive. The achievement is anticipated to be reached by May 2011, with the recent approval by the school's board of trustees for the completion of its Phase III solar project. This next phase will add around 15,000 solar PV panels, 2.7MW DC, to its 1.85MW generated from 10,000 solar panels.
Fronius’ presence in Mississaugua, Ontario, will soon be expanding to include more than the sales and service subsidiary it has housed in the area. Fronius will be building a 50MW total capacity production site for its solar inverters, to be brought online by the end of the first quarter in 2011. Over 100 new jobs will be opened with this facility. The first assembly line will be for grid-connected Fronius IG Plus invertors, with the potential to expand production in the future.
IMS Research has fashioned the PV Demand Database, which provides installation for over 50 countries with historical and forecast data. The company’s research for the database found that cumulative solar PV installations will reach over 120GW by the end of 2014, with a steady annual PV installation increase of more than 20% between 2011 and 2014. The research predicts that over 80GW of new PV capacity will be installed globally during this period.
SunEdison has signed on to finance, build, own, operate, monitor and maintain a total capacity of 1.5MW of PV solar energy systems, which will be hosted on the CanFirst Capital Management facilities. The Ontario Power Authority has agreed to purchase the energy produced under the terms of Ontario’s FIT program. CanFirst will benefit with lease revenue for the roof-top space they loan to SunEdison without any upfront capital equipment costs.
Testing at NREL’s Golden, Colorado, research facility has concluded for SolOptics Fusion PV enhancement technology. Fusion is an optics-based surface technology, which NREL concluded can deliver conversion efficiency gains between 10% and 12.5%, depending on testing conditions.
