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RENO, Nevada--(BUSINESS WIRE)--Sunworks, Inc. (NASDAQ: SUNW), a leading provider of solar power solutions for agriculture, commercial, industrial (ACI), and residential markets, praised the passage of Nevada Assembly Bill 405 (AB405) by the state assembly. The State Assembly passed the bill by a vote of 38-2. AB405 will now be under consideration by the State Senate which has 13 days remaining in the 2017 legislative session.

The new AB405 includes a “Solar Bill of Rights” provision, which reinstates net metering with a new system that uses a tiered approach for calculating the export rate of electricity based on the overall penetration of rooftop solar installations throughout the state. The bill restores net metering rates starting at 95% of the full retail rate for excess electricity produced by consumers.

The inclusion of a net metering solution is considered a victory for rooftop solar businesses which have experienced economic uncertainty for the last two years due to a combination of policy changes and reductions in net metering rates by the Public Utilities Commission. The changes, which took effect in 2015, virtually ended net metering programs in Nevada and resulted in heavy job losses for those in the solar industry. With the passage of the modified AB405, rooftop owners will return to the existing rate classes of all other consumers, thereby protecting them from discriminatory rates, charges, and fees.

AB405 protects consumers from inaccurate public utility rates, minimum warranty requirements, and other contractual disclosure terms. The bill is intended to enhance consumers’ understanding of variables in their investment options and make clearer comparisons between products.

Sunworks noted that it is already in compliance with all of the legislation’s terms for consumer protection and transparency in Nevada. In addition, Sunworks is currently restructuring its proposal process to reflect the modified net metering structure.

Sunworks Regional Vice President of Sales, Casey Coffman, said, “We’re pleased with the passage of the revised bill. We believe the bill provides greater transparency for consumers and businesses and will enhance Nevada’s solar industry through a sensible rate structure and will lead to accelerated growth in solar-related jobs.”

Travis Miller, Director of The Great Basin Solar Coalition, is part of an alliance of stakeholders from Northern Nevada who represent the state’s solar industry. Mr. Miller said “Consumers are now effectively grandfathered into the rate structure they originally enrolled into for the life of their system. In conjunction with ensuring consumer disclosures, this bill creates the stability required for Nevadans to make educated investments in clean energy solutions.”

About Sunworks

Founded in 1983, Sunworks, Inc. is a premier provider of solar power solutions. We are committed to quality business practices that exceed industry standards and uphold our ideals of ethics and safety.

Today, Sunworks continues to grow its presence, expanding nationally with regional and local offices. We strive to consistently deliver high quality, performance oriented solutions for customers in a wide range of industries including agriculture, commercial and industrial; federal; public works; utility; and residential. Our dedication to excellence is reflected in our 25-year warranty, a benchmark that we standby to support our customers above and beyond their expectations.

Sunworks’ diverse, seasoned workforce includes distinguished veterans who are devoted to providing the very best customer experience. All of our employees uphold our company’s guiding principles each day.

About The Great Basin Solar Coalition

The Great Basin Solar Coalition (GBSC) is the voice for promoting clean, renewable energy in Northern Nevada. We believe in a viable future for solar power and the benefits derived from it for our local communities. Through education and awareness, GBSC works to protect the rights of Nevada ratepayers, achieving fair and equitable net metering arrangements backed by real transparency. We’re leading the way for Nevadans, encouraging the use of clean energy generation while helping to stimulate economic growth. GBSC is an advocate for solar power on every front, from local to federal government. We stand united in fighting for solar rights, positioning Nevada for a clean energy future.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Read more: Nevada State Assembly Passes Revised Solar Bill

 

• Wind turbines will be digitally upgraded and protected from hackers;
• GE will provide security for all existing wind turbines, as well as future wind farms;
• Worth $13M over ten years.

GE Renewable Energy today announced it has signed a cybersecurity agreement with Invenergy, North America’s largest independent, privately held clean energy provider, to secure their entire fleet of wind turbines, as well as a framework to add future wind farms to the network. Worth more than $13M over ten years, this is one of the largest cybersecurity deals in the history of the Industrial Internet.

Wurldtech, a GE Company, is focused on cybersecurity and protecting operational technology in addition to information technology. This agreement includes upgrading Invenergy’s legacy controls, up-grading and protecting their network security with Wurldtech’s Opshield, a cutting-edge purpose-built security solution for industrial and process control environments; and finally, GE and Wurldtech will provide Invenergy with software maintenance, updates, and patches for the duration of the ten-year term.

“As online threats multiply and the electric grid goes digital, cyber security is a top priority for Invenergy,” said Jim Shield, Executive Vice President and Chief Commercial Officer at Invenergy. “We are proud of our collaboration with the GE Digital team to develop a long-term, enterprise-wide cyber security agreement that met our operational needs.”

“This took a huge effort from our teams across all functions to get the deal across the line,” said Sanjeev Addala, Chief Digital Officer at GE Renewable Energy. “We are looking forward to building on the success of supporting Invenergy’s fleet under contract and expanding it to other wind fleets. It’s very exciting to work with one of our best customers, Invenergy, on their digital transformation!”

We offer a comprehensive Cyber Security package engineered specifically for Wind Farms Wind SCADA Secure Edition. This collection of technologies are integrated to build or enhance our customers’ Operational Technology (OT) cyber posture in the wind plant’s internal and external environment.

About GE
GE (ge.com) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.

About GE Renewable Energy
GE Renewable Energy (gerenewableenergy.com) is a $10 billion start-up that brings together one of the broadest product and service portfolios of the renewable energy industry. Combining onshore and offshore wind, hydro and innovative technologies such as concentrated solar power and more recently turbine blades, GE Renewable Energy has installed more than 400+ gigawatts capacity globally to make the world work better and cleaner. With more than 22,000 employees present in more than 55 countries, GE Renewable Energy is backed by the resources of the world’s first digital industrial company. Our goal is to demonstrate to the rest of the world that nobody should ever have to choose between affordable, reliable, and sustainable energy.

About Invenergy
Invenergy (invenergyllc.com) drives innovation in energy. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas and Europe. Invenergy's home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan and Europe.

Invenergy and its affiliated companies have developed more than 15,000 MW of projects that are in operation, construction or advanced development, including wind, solar, natural gas-fueled power generation and energy storage projects.

Contact: Mary Ryan - Senior Manager, Corporate Communication
P: +1 312-582-1424 - E: mryan[.]invenergyllc.com.

Read more: Invenergy Selects GE Renewable Energy to Provide...

PENNSAUKEN, N.J., May 24, 2017 /PRNewswire/ -- Dynamic Energy completed the installation of a 271 kW roof mount solar energy system at the Keystone Cap Company' facility in Pennsauken, New Jersey. Keystone Cap Company is a leading New Jersey manufacturer of disposable paper caps. The solar system is expected to produce approximately 340,000 kWh of energy in its first year of operation. The project is eligible for the New Jersey SREC incentive program, which will provide Keystone with a significant revenue for the next 15 years, in addition to electricity savings. Dynamic Energy, a full-service solar energy solutions provider, developed, designed and built the system.

Andrew Feinstein, Chief Executive Officer of Keystone Cap Company, is enthusiastic about the savings the solar project will provide the company. "Keystone is saving money and helping the environment at the same time – everyone wins!" said Andrew.

Keystone Adjustable Cap Company Lowers Energy Costs with Rooftop Solar Installation in New Jersey
Keystone Adjustable Cap Company Lowers Energy Costs with Rooftop Solar Installation in New Jersey
Keystone Adjustable Cap Company Lowers Energy Costs with Rooftop Solar Installation in New Jersey
Keystone Adjustable Cap Company Lowers Energy Costs with Rooftop Solar Installation in New Jersey

"Dynamic Energy's team congratulates Keystone Cap on hosting this new solar system," said Brett Thibodeau, President & COO of Dynamic Energy. "Keystone Cap's efforts to support renewable energy reflect a true dedication to their business and customers."

The system is expected to generate energy to offset more than 240 tons of carbon dioxide, the equivalent of offsetting emissions from 572,666 miles driven by a passenger vehicle or the amount sequestered by nearly 1.9 acres of U.S. forests.

About Keystone Adjustable Cap Company

Keystone Adjustable Cap revolutionized the food service industry with the design and manufacture of the world's first disposable paper caps. Today, their product line includes the broadest disposable protective apparel offering in the Safety Industry with production capability for custom-made products manufactured in their New Jersey facility. For more information visit www.keystonecap.com

About Dynamic Energy Solutions, LLC (Dynamic Energy)

Dynamic Energy is a full-service solar energy provider that brings together the diverse expertise needed to design, finance, build and maintain projects to meet the needs of corporate, industrial and institutional customers. With an in-house team that includes professional engineers, project managers, and master electricians, Dynamic Energy creates high-quality projects that reduce customer expenses, improve operating efficiency, provide an attractive return on investment and achieve sustainability goals. For more information, please visit www.dynamicenergyusa.com or call 1-877-809-8884

Contact: 
Sabnam Pandey  
1-484-323-1176  
This email address is being protected from spambots. You need JavaScript enabled to view it.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/keystone-adjustable-cap-company-lowers-energy-costs-with-rooftop-solar-installation-in-new-jersey-300463050.html

SOURCE Dynamic Energy Solutions, LLC

Related Links

http://www.dynamicenergyusa.com

Read more: Keystone Adjustable Cap Company Lowers Energy...

ALBUQUERQUE, N.M., May 24, 2017 /PRNewswire/ -- Array Technologies, Inc., the global leader in cumulative solar tracking experience, today announced that it will partner with Affordable Solar to install trackers at Facebook's upcoming data center located in Los Lunas, New Mexico, USA. The company also announced that it has opened a new office in Madrid, Spain to better serve its growing global customer base in Europe. The Intersolar AWARD finalist will be onsite at the upcoming Intersolar Europe event and can be found at exhibition booth A4.380.  

Array Technologies is partnering with local companies to bring solar tracking power to Facebook's new data center in New Mexico. Array has been selected to provide trackers for three 10 MW-AC sites to help Facebook's newest data center be powered 100 percent by renewable energy. The global leader in solar tracking was chosen for this project due to its high reliability, which will allow Facebook to deliver 100 percent server uptime over the 30-year design life of the trackers.

"With decades of innovation and experience under our belt, we're excited to see large global brands like Facebook adopting renewable energy solutions," said Ron Corio, CEO of Array Technologies. "Solar technology should be designed and built to withstand the test of time. Array is proud to deliver the only time-proven solar tracker to utility-scale project owners around the world."

Alongside engineering, procurement and construction (EPC) firm Affordable Solar, Array will install trackers throughout 2017 and complete the first of three 10 MW-AC installations by the beginning of 2018. Affordable Solar was awarded the contract by Public Service Company of New Mexico (PNM) to build the three sites.

Affordable Solar President, Kevin Basselleck, says "We'll be partnering with Array Technologies, an Albuquerque-based manufacturer of the tracking systems that allow the solar modules to follow the sun throughout the day. They are a global leader in solar trackers and a tremendous local success story. We're proud to deploy more of their systems right here in New Mexico."

Array Technologies has also recently expanded with a new office in Madrid, Spain. This announcement is the latest of many new international offices to open, including Australia, Mexico and the MENAT region. The mission of the Spain office, led by Director of International Sales and Business Development Martin Mitscher, is to provide additional support to Array's growing international customer base headquartered in Europe.

"As the global market for utility-scale tracked solar expands, so too does Array," said Mitscher. "We're delighted to add Madrid, Spain to Array's fast-growing list of international offices to provide these clients the same level of service and customer experience as our trusted partners in the US."

Array's innovative DuraTrack HZ v3 was recently selected as a finalist for the prestigious Intersolar AWARD due to its streamlined design, flexibly linked architecture and stow-free strategy, which combined offer the lowest cost of ownership and highest reliability. As a part of Array's finalist status, President Thomas Conroy will present at the Intersolar Europe conference on Wednesday, May 31st at 12:00. Interested parties can view the DuraTrack HZ v3 and meet the Array Technologies team at booth A4.380, May 31-June 2 in Munich, Germany.

About Array Technologies:

Array Technologies, Inc. is the leading solar tracking solutions and services provider for utility-scale projects. Our streamlined tracker design enables efficient installation and high reliability. This combination delivers both the lowest installation cost and the best long-term returns. Through continuous innovation and engineered simplicity, Array's tracker solutions are optimized for construction and a multitude of terrains. The company has unparalleled experience, with more than 28 years in the industry and over 12,000 miles of trackers installed. Array Technologies is headquartered in Albuquerque, NM. For more information, please visit arraytechinc.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/array-technologies-provides-solar-trackers-for-facebook-facility-opens-new-office-in-europe-300462877.html

SOURCE Array Technologies, Inc.

Related Links

http://www.arraytechinc.com

Read more: Array Technologies Provides Solar Trackers for...

ROSEVILLE, Calif.--(BUSINESS WIRE)--Sunworks, Inc. (NASDAQ: SUNW), a leading provider of solar power solutions for agriculture, commercial, industrial (ACI), and residential markets, will host a grand opening of its new office in Tulare, California. The event will take place on June 6th, from 4 PM to 6 PM PDT, at 3262 South K Street. The Tulare Chamber of Commerce will also participate in a ribbon cutting ceremony.

The Tulare facility will support agricultural efforts within the heart of California’s central valley and nearby communities. It will also enhance Sunworks’ local support for Tulare’s commercial and residential customers.

Sunworks expanded presence in Tulare is reflective of its aggressive growth throughout California and the entire Southwest. Sunworks is aligned with a variety of national trade associations, resulting in custom engineered solutions to assist customers in various industries to exceed sustainable energy goals. Along with its distinguished channel partners, Sunworks has built its business on providing customers with long term commitments and consultative services, while maintaining a strict code of ethical responsibility.

Sunworks Chief Executive Officer, Chuck Cargile said, “Our Tulare office provides enhanced coverage for our customers in the agriculture, commercial, and industrial markets as well as residential markets. We’re excited to partner with businesses in Tulare and nearby communities to develop viable, long-term relationships. We thank the city of Tulare for allowing us to be a part of this vibrant community.”

The Tulare grand opening will feature an array of catered food, giveaways, and door prizes for those who attend. In addition, Sunworks will host a happy hour with local residents, partners, and other interested parties.

About Sunworks

Founded in 1983, Sunworks, Inc. is a premier provider of solar power solutions. We’re committed to quality business practices that exceed industry standards and uphold our ideals of ethics and safety.

Today, Sunworks continues to grow its presence, expanding nationally with regional and local offices. We strive to consistently deliver high quality, performance oriented solutions for customers in a wide range of industries including agriculture, commercial and industrial; federal; public works; utility; and residential. Our dedication to excellence is reflected in our 25-year warranty, a benchmark that we standby to support our customers above and beyond their expectations.

Sunworks’ diverse, seasoned workforce includes distinguished veterans who are devoted to providing the very best customer experience. All of our employees uphold our company’s guiding principles each day. Sunworks is a member of the Solar Energy Industries Association (SEIA) and is a proud advocate for the advancement of solar power.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

Read more: Sunworks to Open Flagship Office in Tulare,...

MOUNT LAUREL, N.J., May 24, 2017 /PRNewswire/ -- Ralph Izzo, president, chairman and chief executive officer of Public Service Enterprise Group (PSEG), today called for a set of statewide regulatory reforms that would create financial incentives for utilities to help their customers reduce at-home energy use, as well as expand access to renewable energy and new energy-saving technologies. 

He also encouraged New Jersey utility regulators to consider longer-term approval of energy infrastructure projects, which would lead to additional job creation.

Izzo delivered his remarks at a state energy forum sponsored by the Chamber of Commerce Southern New Jersey. 

"Customers' demands are changing," Izzo said. "They want more reliability, they want more resilient power, they want cleaner energy and they want access to smart technology to better understand their energy usage – all while keeping bills affordable."

In order to meet these competing demands, utilities and the regulatory framework that governs them must adapt from a system that encourages utilities to sell as much energy as possible to a new system that provides incentives for the utility to promote greater energy efficiency, Izzo said.

"Energy efficiency is the critical component that will drive the utility of the future," Izzo said. "The cheapest kilowatt remains the one that is not needed."

"While New Jersey has set aggressive goals for renewables, we have only taken baby steps in the area of energy efficiency," he said. 

The universal reach of utilities, touching every home and business in their service territory,  means that investment in energy efficiency at the utility level would ensure all customers, at every income level, would reap the benefits of those programs.

Similarly, utilities can help promote universal access to renewable energy sources, such as solar energy. PSEG has already spent more than $1 billion on solar projects in New Jersey and 13 other states.

"While the sun is free, we need to remember that converting it to energy is not," Izzo said. "We need to invest in renewables in a way that helps match those who pay for the attributes of renewables (all ratepayers and taxpayers) with those who reap the benefits of those investments." 

Izzo also discussed the role utilities can play in helping increase the speed of adoption and depth of penetration of new technology.

"The utility, with its network and strong customer relations, can be the ultimate sales channel for new energy products and services," he said. 

Izzo also called for a new look at how New Jersey regulates the long-term modernization of gas and electric infrastructure. He said the state can improve the efficiency and effectiveness of the long-term project-approval process without reducing regulatory oversight.

New Jersey's Board of Public Utilities typically approves infrastructure projects – such as PSE&G's programs to flood-proof electric substations or replace aging cast-iron gas mains – in three-year increments. A longer-term approval would allow utilities to plan their purchasing and hiring more efficiently and lead to creation of more jobs, Izzo said.

As New Jersey strives to meet changing customer demands, Izzo warned that if New Jersey nuclear plants are allowed to close, the state will move backward in the areas of reliability, clean air and affordable electric bills.

"If done right, the future of energy in New Jersey is one where we use less energy, the energy we use is cleaner and more reliable, and bills are affordable," Izzo said.

Public Service Enterprise Group (NYSE: PEG) is a publicly traded diversified energy company with annual revenues of $9.1 billion. Its operating subsidiaries are: Public Service Electric and Gas Company (PSE&G), PSEG Power, and PSEG Long Island.

Want to know what's new at PSEG? Go to www.pseg.com/getnews and sign up to have our press releases sent right to your inbox.

Visit PSEG at:  
www.pseg.com 
PSEG on Facebook 
PSEG on Twitter 
PSEG on LinkedIn 
PSEG blog, Energize!

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pseg-ceo-ralph-izzo-lays-out-the-future-of-energy-in-new-jersey-300463068.html

SOURCE Public Service Enterprise Group (PSEG)

Related Links

http://www.pseg.com

Read more: PSEG CEO Ralph Izzo Lays Out the Future of...

 

While low economic growth is expected to keep the diesel generator set (genset) market subdued until 2020, several factors are sustaining market potential. These include the growth of data centres, rising infrastructure investments, low diesel prices due to falling oil prices, and capacity market auctions in the United Kingdom. Environmental and emission regulations in Europe are expected to play a key role in the future usage of diesel gensets. This will cause industries to move toward cleaner burning power generation such as renewables and gas. Companies that focus on client relationships, and offer newer, high-quality, reduced diesel fuel emission products like hybrid gensets, are positioned for growth.

European Diesel Generator Set (Genset) Market, Forecast to 2020, new analysis from Frost & Sullivan’s Power Generation Growth Partnership Service program, includes an in-depth analysis of the European diesel genset market with a specific focus on drivers and restraints, opportunities, challenges faced by industry participants, applications, and competitive landscape for key market players such as Caterpillar, Cummins, SDMO, Himoinsa, MTU, Pramac, and Euro Diesel.

“The diesel genset of 1MW power range segment is set to benefit as demand intensifies from data centres, with their high-power requirements and need for solutions with quick start-up times and maximum reliability,” explained Frost & Sullivan Energy & Environment Industry Analyst Manoj Shankar. “Data centre networks across Europe are witnessing increasing investment from technology companies, such as Apple, Salesforce.com, IBM, Google and Amazon, to tackle intensive data creation, tougher data protection laws, and the expansion of banks and technology companies within Europe.”

For complimentary access to more information on this analysis, or to talk to us, please email Anna Zanchi, Corporate Communications: anna.zanchi[.]frost.com

Regional developments and trends positively impacting the European diesel genset market include:

• Increasing construction and commercial activity in Eastern Europe and the Nordic region;
• Capacity auctions and increased usage of diesel as backup power for data centres in the United Kingdom. Industrial investments will also increase once post-Brexit trade tariffs with the European Union are negotiated;
• Diesel genset market growth in France due to an expected industrial revival;
• Demand for diesel gensets from new applications like grid support in Germany, where gensets are used in parallel with solar photovoltaic;
• Economic growth in Ireland and Spain;
• Rising construction sector will aid development of the genset market in Western Europe, while intense competition from Asian participants, especially Turkey and China, will keep prices low in Southern and Eastern Europe;
• Market in Italy is growing slowly with 20 small and medium active participants; and
• High data centre activities concentrated on financial centres in Belgium and Netherlands, making these countries genset market hotspots.

“With nearly 40 per cent operational cost saving expected from hybrid gensets due to low diesel fuel consumption and reduced maintenance visits, adoption and customer preference are expected to grow at a high rate in Europe in the near future,” noted Shankar. “Companies should invest in research and development to create innovative products to support sustainable long-term market growth.”

About Frost & Sullivan

Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion.

Read more: Surging Demand from Data Centres Energises...

LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global eddy current testing solutions market is projected to grow to USD 1.53 billion by 2021, at a CAGR of more than 10% over the forecast period.

This research report titled ‘Global Eddy Current Testing Solutions Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Eddy current testing is a technique that is used to detect flaws, conductivity, and corrosion on the surface of the conductive material from the workpiece. The global eddy current testing solutions market is segmented on techniques such as pulsed, array, and conventional testing.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Based on the end-users, the report categorizes the global eddy current testing solutions market into the following segments:

  • Oil and gas, and mining industries
  • Manufacturing industry
  • Power generation industry
  • Aerospace industry
  • Others

The top three revenue-generating end-user segments in the global eddy current testing solutions market are discussed below:

Oil and gas, and mining industries

Eddy current testing solutions have applications in heat exchanger tubes and pipelines in petrochemical and refinery industries. These industries, in turn, form integral parts of process industries such as oil and gas, and mining,” says Raghav Bharadwaj Shivaswamy, a lead analyst at Technavio for automation research.

The exploration of new oil and gas fields in African countries and increased investments in pipelines in the Americas, the Middle East, and APAC are further expected to boost the market growth. The requirement for eddy current testing solutions in the oil and gas industry will increase in sync with the expansion in offshore and shale-related exploration activities.

Manufacturing industry

The global eddy current testing solutions market by the manufacturing industry includes automotive, metal fabrication, shipbuilding, and transportation sectors. The high demand for eddy current testing in the automotive and metal fabrication applications will provide a major boost to the market from this sector.

The increasing use of eddy current testing solutions to inspect crane bearings and drive systems in the manufacturing industry will also provide significant growth opportunities for the vendors. The availability of low-cost inspection tools and equipment and the presence of affordable workforce has made APAC an established hub for manufacturing, which is a key driver for the eddy current testing market.

Power generation industry

“The power generation industry is expected to be the fastest-growing segment of the eddy current testing solutions market, driven by the ever-increasing consumption of electricity worldwide and rising investments towards the development of advanced technologies and equipment to scale up production capacities,” says Raghav.

The power generation industry is inclusive of nuclear power plants, solar power, wind power, and fossil fuel power industries. Eddy current testing solutions empower end-users in this industry with high efficiency, better control, and faster inspection services. Increasing renewable power generation investments have also fueled the growth of eddy current testing solutions market.

The top vendors highlighted by Technavio’s research analysts in this report are:

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

If you are interested in more information, please contact our media team at This email address is being protected from spambots. You need JavaScript enabled to view it..

Read more: Global Eddy Current Testing Solutions Market -...

SHANGHAI, May 24, 2017 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the photovoltaic ("PV") industry, today announced that in a signing ceremony held at the Emirates Palace, the financial agreements for the debt and equity funding for the Sweihan Solar PV Independent Power Project (the "Project") were signed by the Abu Dhabi Water and Electricity Authority ("ADWEA"), Sweihan Solar Holding Company Limited ("Sweihan"), a joint venture between JinkoSolar and Marubeni Corporation ("Marubeni"), and a syndicate of international and local banks.

The agreements closed a US$870 million financing for the Project, an 1,177 MW (DC) solar PV project with a 25-year PPA signed with ADWEA. The Project is expected to reach commercial operation date in April 2019.

"Today's Financial Closing is the culmination of 18 months of hard work, determination and commitment from many people, from multiple Abu Dhabi Government stakeholders, the international PV investor market, the international and local lending community and related advisors," commented H.E Abdullah Ali Musleh Al Ahbabi, Chairman of ADWEA. "I would like to take this opportunity to thank all those involved in making today's milestone possible. However today's event is just the beginning. Over the course of the next 2 years, the vision of the Sweihan PV Project will become reality."

"The financial closing of the Sweihan Project is an important step-forward to energize one of the largest solar power plants in the world," commented Mr. Xiande Li, Chairman of JinkoSolar. "We will continue to cultivate to the successful completion, operation, and maintenance of the Sweihan project with the highest standard, along with our partners ADWEA and Marubeni."

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 5.0GW for silicon ingots and wafers, 4.0GW for solar cells, and 6.5 GW for solar modules, as of December 31, 2016. 

JinkoSolar has over 15,000 employees across its 6 productions facilities in Jiangxi, Zhejiang and Xinjiang Provinces, China, Malaysia, Portugal and South Africa, and 15 overseas subsidiaries across Japan (2),  Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and South Africa. JinkoSolar has 18 global sales offices across China (2), United Kingdom, Bulgaria, Greece, Romania, United Arab Emirates, Jordan, Saudi Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Brazil and Mexico.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:

Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mr. Christian Arnell
Christensen, Beijing 
Tel: +86 10 5900 2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:

Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/financial-agreements-of-sweihan-photovoltaic-independent-power-project-in-abu-dhabi-were-signed-300463061.html

SOURCE JinkoSolar Holding Co., Ltd.

Related Links

http://www.jinkosolar.com
http://www.jinkosolar.com

Read more: Financial Agreements of Sweihan Photovoltaic...

Annual General Meeting of SMA Solar Technology AG Discharges Managing Board and Supervisory Board, Resolves Dividend

05/23/17

Category: News  

The shareholders of SMA Solar Technology AG (SMA/FWB: S92) granted full discharge to the Managing Board and Supervisory Board for the 2016 fiscal year with a clear majority of over 99% at today’s Annual General Meeting in Kassel. The remaining items on the agenda were also passed with a large majority. Nearly 400 shareholders attended the 2017 Annual General Meeting of SMA Solar Technology AG, and 85% of those with voting rights were present. The Annual General Meeting followed the suggestion of the Managing Board and Supervisory Board and approved the dividend payout of €0.26 per qualifying bearer share for the 2016 fiscal year.

“After the successful turnaround, SMA regained good strength in earnings and significantly increased cash flow last year,” said SMA Chief Executive Officer Pierre-Pascal Urbon. “SMA has excellent fundamentals and is maintaining the dividend policy pursued since the IPO. As in the boom years, most of our earnings should remain within the company. In this way, we can ensure that SMA is able to implement its strategy from its own resources and become an energy service provider in the years to come.” In the 2016 fiscal year, SMA generated €946.7 million in sales and significantly increased EBITDA to €141.5 million. Net income amounted to €29.6 million. With a payout totaling €9 million, the payout ratio in relation to net income amounts to 32.8%. The depository banks will begin dividend payments on May 24, 2017.

In the first four months of 2017, SMA posted a positive trend in order intake. Since the beginning of the year, order backlog increased by 20% to a total of €646 million. Around €250 million of this amount was attributable to product business. The SMA Managing Board therefore confirmed its sales and earnings forecast for the 2017 fiscal year. The forecast anticipates sales of €830 million to €900 million and EBITDA of €70 million to €90 million. Net cash will amount to between €400 million and €450 million due to high operating cash flow.

The Annual General Meeting elected Alexa Hergenröther to the Supervisory Board by a large majority. She was appointed by the court in August 2016, after Dr. Winfried Hoffmann had stepped down from his position as a shareholder representative. The 12-member SMA Supervisory Board provides equal representation of shareholders and employees. Alexa Hergenröther joined the existing members, Roland Bent, Peter Drews, Dr. Erik Ehrentraut, Kim Fausing and Reiner Wettlaufer, in representing shareholder interests. Employees continue to be represented on the Supervisory Board by Oliver Dietzel, Johannes Häde, Heike Haigis, Yvonne Siebert, Dr. Matthias Victor and Hans-Dieter Werner.

The presentation and the speech given by the Managing Board at the Annual General Meeting, along with further information, can be found on the internet at www.sma.de/en/investor-relations/annual–general-meeting.


About SMA
The SMA Group with sales of around €1 billion in 2016 is the global market leader for solar inverters, a key component of all PV plants. SMA offers a wide range of products and solutions that allow for high energy yields for residential and commercial PV systems and large-scale PV power plants. To increase PV self-consumption efficiently, SMA system technology can easily be combined with different battery technologies. Intelligent energy management solutions, comprehensive services and operational management of PV power plants round off SMA’s range. The company is headquartered in Niestetal, near Kassel, Germany, is represented in 20 countries and has more than 3,000 employees worldwide, including 500 working in Development. SMA’s multi-award-winning technology is protected by more than 900 patents and utility models. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and is currently the only company in the solar industry that is listed in the TecDAX index.


SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany

Head of Corporate Communications:
Anja Jasper
Tel. +49 561 9522-2805
This email address is being protected from spambots. You need JavaScript enabled to view it.

Press Contact:
Susanne Henkel
Manager Corporate Press
Tel. +49 561 9522-1124
Fax +49 561 9522-421400
This email address is being protected from spambots. You need JavaScript enabled to view it.


Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.

Read more: Annual General Meeting of SMA Solar Technology...

HOUSTON--(BUSINESS WIRE)--Sunnova Energy Corporation, a leading residential solar service provider in the U.S., announced the launch of PowerStackTM, its new solar+storage plan that maximizes a home’s solar energy use.

PowerStackTM, a solar+storage service plan, was designed to answer the residential customer demand for low-cost, clean power both day and night. The solar+storage system is customized to the homeowners’ needs based on their average annual energy consumption.

PowerStackTM allows the customers to produce, store and consume all the power generated by the solar system, covering most of the customers’ everyday energy needs. For those times when customers need extra power the solar+storage system can’t provide, the home’s electricity will be drawn from the utility since the system remains interconnected to the grid.

“In addition to being the natural evolution of residential solar, PowerStackTM allows us to continue on our promise of giving customers the freedom to choose their energy provider and the power to save with low-cost, renewable energy,“ said Jordan Frugé, Sunnova’s Chief Marketing Officer. “Customers are asking for someone to select the best technology for them, and then stand behind the system to make sure they get the service they expected, and that’s what we are offering with PowerStackTM.”

PowerStack™ is available with no money down and low, fixed monthly payments and is backed by Sunnova’s industry-leading service that includes lifetime battery replacement.

“PowerStack™ is designed to meet all of the requirements for the Customer Self-Supply tariff in Hawaii, so initially, it will be available in Hawaii in partnership with Sunetric, one of the leading renewable energy providers in the Aloha State,” Frugé noted.

As part of its 2017 plan, Sunnova will introduce its PowerStack™ solar+storage service plan in additional U.S. markets.

About Sunnova

Sunnova is a different kind of power company, offering rooftop solar service to homeowners in the United States and its territories through our network of local sales and installation partners. Our mission is to change the energy industry by providing the choice of low-cost, worry-free solar power that generates long-term savings for our customers and continued business growth for partners. For more information about PowerStackTM, visit www.sunnova.com/powerstack/. For more information about Sunnova Energy, visit www.sunnova.com, follow @Sunnova_Solar on Twitter, and connect with us on Facebook and LinkedIn.

For more information about PowerStackTM, including assumptions and disclaimers, visit www.sunnova.com/powerstack/

Sunnova Hawaii Electrical Contractor License # CT-34115

About Sunetric

Sunetric (a wholly-owned subsidiary of RGS Energy) is a full-service renewable energy firm operating throughout Hawaii. It designs and installs photovoltaic systems for homes, businesses, and federal and military organizations. Sunetric provides turnkey solar solutions, from design, construction planning, and customer financing assistance to installation, utility interconnection and warranty. For more information, visit www.sunetric.com.

About RGS Energy

RGS Energy (NASDAQ: RGSE) is America’s original solar company, installing more than 25,000 residential and commercial solar power systems since 1978. RGS Energy makes it convenient for customers to save on their energy bill by providing turnkey solar solutions, from system design, construction planning, and customer financing assistance to installation, utility interconnection and warranty.

For more information, go to RGSEnergy.com, or connect with the company at www.facebook.com/rgsenergy or www.twitter.com/rgsenergy. Information on such websites is not incorporated by reference into this press release.

RGS Energy is the Company’s registered trade name. The Company files periodic and other reports with the Securities and Exchange Commission under its official name “Real Goods Solar, Inc.”

Read more: Low-Cost Solar Power, Day and Night: PowerStack,...

DÜSSELDORF, Germany--(BUSINESS WIRE)--RECOM, as top tier German manufacturer, with steady growth, proven quality, reliability and financial solidity, is delighted to announce successful commissioning of a 12.5MW solar project in the region of Puerto Sandino in Nicaragua. The project is first part of Nicaragua’s pipeline totalling 100 MW, which is expected to be built and commissioned in its entity until end of 2018.

A coastal town attracting surfers from all over the world, Puerto Sandino has become a host of the largest solar project in Nicaragua and marks an important milestone in Nicaragua’s involvement in solar energy.

Over 46000 pieces of RECOM’s 270Wp Black Panther mono modules were deployed and the overall project, that will produce an annual capacity of 18.18 GWh, was erected in less than 5 months, proving once more our strong business acumen, expertise and track record of successful utility-scale projects worldwide.

Nicaragua is one of the many countries that has chosen to invest in solar-generated power through the effective utilisation of the constantly developing renewable energy technology. Hence, the country intends to have 90% of its primary energy supply come from those sources by 2020.

“The Puerto Sandino solar park is our first venture in Nicaragua and highlights our commitment to deliver high quality products and collaborate with markets that can fully grasp the importance of having access to affordable energy while at the same time preserving natural environment”, says RECOM CEO, Hamlet Tunyan.

The successful implementation of the Puerto Sandino solar park has paved the way for the great potential of solar future in the country and RECOM has already moved on to the second phase of the project bearing a size of another 12.5MW, thus confirming its involvement in the country’s solar energy development plans.

About RECOM

Established in 2007, RECOM has marked a fast and steady growth from a PV module manufacturer to an IPP. RECOM’s business philosophy is focusing on promoting cost-efficient, reliable, environmentally friendly solutions and state-of-the-art production of PV modules in Europe and Asia.

Read more: RECOM as Strong Partner to Nicaragua’s 100 MW...

SANTA CLARA, Califórnia, 23 de maio de 2017 /PRNewswire/ -- Siva Power, uma fabricante da próxima geração da tecnologia de energia solar de película fina, hoje anuncia o fechamento de uma rodada de US$25 milhões, focada na construção de sua linha piloto e no desenvolvimento do seu negócio de módulo solar. Jim Simons e Mark Heising conduziram o investimento, com ajuda de Jonathan Sheets.

A Siva Power continua a fazer sólidos progressos, desenvolvendo sua tecnologia de módulo de baixo custo e alto desempenho em sua unidade de desenvolvimento em Santa Clara, na Califórnia. O interesse dos clientes é forte, da parte daqueles que apreciam o desafio de implantar terawatts de energia solar, nas próximas décadas.

"Estamos muito satisfeitos com a confiança que nossos investidores depositaram em nossa equipe técnica e modelo de negócios", disse o CEO da Siva Power, Bruce Sohn.

Sobre a Siva Power 
A Siva Power é uma líder em tecnologia avançada de fabricação de módulos solares e visa ser a melhor da categoria, em nível mundial, em painéis solares de baixo custo e alta eficiência. A Siva Power está desenvolvendo uma fábrica de energia solar para a "era do terawatt", que vai produzir painéis solares em uma escala sem precedentes e a um baixo custo de produção. Para mais informações – www.sivapower.com.

Logo - http://mma.prnewswire.com/media/463614/Siva_Power_Logo.jpg

FONTE Siva Power

SOURCE Siva Power

08:51 ET

Preview: Siva Power Closes on $25M to Continue Developing Low‑Cost Solar Module Technology for the Terawatt Era

Read more: Siva Power fecha US$25 milhões para continuar...

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