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Definitive Agreement follows the previously announced addition of sales personnel to Solar Alliance team

VANCOUVER , BC--(Marketwired - April 26, 2017) - Solar Alliance Energy Inc. ('Solar Alliance') or (the 'Company') (TSX VENTURE: SAN) (OTC: SAENF) is pleased to announce it has signed a definitive agreement (the "Definitive Agreement") to complete the previously announced acquisition of a pipeline of residential solar projects from a U.S. solar company (the "Seller") based in Los Angeles, California. The Definitive Agreement follows the accelerated transition of the Seller's sales team to Solar Alliance announced on April 12, 2017 and completes the transaction described in the Company's letter of intent first announced on April 4, 2017. The expanded sales team, responsible for more than 7 MW of residential solar systems sales and revenue of more than US$34,305,000 (unaudited) in 2016, has been hired by the Company and has already started selling Solar Alliance residential solar systems to Los Angeles homeowners.

"This transaction expands the Solar Alliance brand into the Los Angeles area and fits perfectly with our growth strategy," said Chairman and CEO Jason Bak. "The assumption of these service contracts for residential solar systems will increase our revenue in the short term. More importantly, the high-performance sales team that has already joined Solar Alliance will drive increased revenues long term and expand our geographic diversification beyond San Diego."

In consideration for the pipeline of residential solar projects, Solar Alliance will pay up to US$2,000,000 in contingent payments, subject to the following payment waterfall:

  1. Prior to any payment to the Seller, Solar Alliance will be repaid any working capital injected by Solar Alliance, plus an agreed upon return on that capital.
  2. Once the working capital and working capital return have been paid to Solar Alliance, Solar Alliance will then receive all profit from the Seller up to a 6% net profit threshold.
  3. For profit in excess of the 6% net profit threshold, 50% will be paid to the Seller until such time as the US$2,000,000 contingent payment is fulfilled. 50% of profits above the 6% net profit threshold will be paid to Solar Alliance.
  4. There is also a provision for an additional US$2,000,000 contingent payment to the Seller, subject to the same waterfall described above, if revenue from the Seller exceeds US$50,000,000 in any fiscal year.

Jason Bak
Chairman and CEO

About Solar Alliance Energy Inc. (www.solaralliance.com)
Solar Alliance is a sales, marketing and development company focused on residential, commercial and industrial solar installations. Since we were founded in 2003, we have developed wind and solar projects that provide enough electricity to power 150,000 homes. Solar Alliance is committed to an exceptional customer experience, effective marketing campaigns and superior lead generation in order to drive sales and generate value for shareholders. Our passion is improving life through ingenuity, simplicity and freedom of choice. We make solar simple and our goal is to install solar on every available rooftop in America.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. The words "would", "will", "expected" and "estimated" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward-looking statements.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Read more: Solar Alliance Completes Acquisition of...

GUELPH, Ontario, April 26, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that the company has supplied 10 MW of PV Modules to Soroti Photovoltaic Plant in Uganda. The project is the largest of its kind in East Africa and was officially inaugurated at the end of 2016.

The Soroti plant consists of 32,000 pieces of Canadian Solar high-efficiency poly panels. This is the first solar plant connected to the country's grid and is also the first in the east of Africa. The 10 MW solar system generates clean, low-carbon electricity for 40,000 homes, schools and businesses in the area.

The project was developed in 2016 under the Global Energy Transfer cooperation program - Feed in Tariff ("GET FiT"), a support scheme for the development of renewable energy projects in East Africa managed by the German Development Bank (KfW). The project was executed by TSK (Spain), one of the most important solar EPC contractors worldwide, with more than 1,500 MW installed.

"We are happy to be part of the energy transition on the African continent. Africa is one of the best places on earth for solar energy. At the same time, we hope the solar energy development there will also stimulate the economy and create jobs locally," Commented by Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar.

About TSK

TSK is a global Company that specializes in the execution of complex projects at an international level, providing its own technology for different sectors in industry such as electrical infrastructures, industrial plants, energy generation power plants (conventional and renewable), Oil & Gas, water treatment plants or installations for handling and storage of raw materials.  In 2016, TSK reaches a turnover of 900 million Euros, with more than 1,000 professionals and international presence in more than 35 countries. www.grupotsk.com

About Canadian Solar Inc.

Founded in 2001 in Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar also has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 16 years, Canadian Solar has successfully delivered over 20 GW of premium quality modules to over 100 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release regarding the Company's expected future shipment volumes, gross margins, business prospects and future results, are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; cancelation of utility-scale feed-in-tariff contracts in Japan; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on April 20, 2016. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/canadian-solar-supplies-10-mw-of-modules-to-the-largest-solar-project-in-uganda-300445937.html

SOURCE Canadian Solar Inc.

Related Links

http://www.canadiansolar.com

Read more: Canadian Solar Supplies 10 MW of Modules to the...

NEW YORK, NY--(Marketwired - Apr 25, 2017) - In Ovations Holdings, Inc. (OTC PINK: INOH) is pleased to report that we have concluded our meetings in Florida with Aquarius Brands, through its subsidiary AWS, whose clientele sports some of the largest Fortune 500 companies in the U.S.

In Ovations Holdings, Inc. is pleased to report that the Company has concluded meetings in Florida with Aquarius Brands and is announcing that Reid Goldstein, Aquarius Brands' Executive Vice President, has joined INOH's Marketing Advisory Committee. Also, Mark Goldberg and Rosendo Alvarez III have joined the Marketing Advisory Committee of Aquarius Brands through its subsidiary Atmospheric Water Solutions.

Reid Goldstein stated, "We are very excited to be working together with INOH to bring our unique and patented purified water generating products to the water-stressed areas around the world, including Africa, Latin America and the Caribbean. Contaminated drinking water can be deadly, as major outbreaks of Cholera and other diseases are unfortunately commonplace in many countries. We have a solution to this and will be working together with INOH to help solve the problems wherever we can."

INOH will be releasing more information on this in the coming weeks, including the listing of Fortune 500 companies and other prestigious clients of Aquarius Brands.

ABOUT:
AWS is a wholly owned subsidiary of Aquarius Brands™, a group of companies specializing in water generation, conservation and education for homes, businesses, hotels, restaurants, schools, utility companies and more. Aquarius Brands™ products include AWS AquaBoy® air to water generators™, Boomerang™ high-capacity compact bottling machines™, Retrax solar solutions™ and DroughtBuster™ water saving devices. INOH is a minority owner of Aquarius Brands.

In Ovations Holdings, Inc., through its subsidiary, Electro Verde Inc., entered into a marketing distribution agreement with Seychelle Water Environmental Technologies, Inc. which manufactures and supplies revolutionary water filtration systems featuring breakthrough technology, most notably, Ionic Adsorption Micro Filtration. Seychelle is a prominent company in the fast-growing water filtration industry, who markets a complete line of top-quality portable water filtration products and brands in North America and worldwide. The company is a minority owner of Atmospheric Water Solutions, ( Aquarius Brands) a company involved in water purification. The Company is also engaged in identifying and engaging in other business opportunities for purposes of diversification and revenue generation.

Safe Harbor Statement:
Under the Private Securities Litigation Reform Act of 1995: This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

Read more: In Ovations Holdings, Inc. Announces Its Next...

DUBLIN--()--Research and Markets has announced the addition of the "Global Concentrating Solar Power Market Analysis & Trends - Industry Forecast to 2025" report to their offering.

The Global Concentrating Solar Power Market is poised to grow at a CAGR of around 11.1% over the next decade to reach approximately $17.2 billion by 2025.

This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2014, 2015 revenue estimations are presented for 2016 and forecasts from 2016 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.

The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research.

Key Market Trends:

  • Favourable government regulations to adopt renewable technologies.
  • Growing initiatives towards reduction of carbon footprints.
  • Recent Technological Developments in Concentrating Solar Power.

Companies Mentioned

  • Siemens AG
  • TSK Flagsol Engineering GmbH
  • Frenell GmbH
  • Brightsource Energy, Inc.
  • Acciona Energy
  • Aalborg CSP A/S.
  • Baysolar CSP
  • Esolar, Inc.
  • Archimede Solar Energy
  • Abengoa Solar, S.A.
  • Nexans
  • Solarreserve, LLC
  • Solastor
  • ACWA Power
  • Soltigua
  • Alsolen
  • Cobra Energia

Key Topics Covered:

1 Market Outline

2 Executive Summary

3 Market Overview

4 Concentrating Solar Power Market, By Component

5 Concentrating Solar Power Market, By Technology

6 Concentrating Solar Power Market, By End User

7 Concentrating Solar Power Market, By Geography

8 Key Player Activities

9 Leading Companies

For more information about this report visit http://www.researchandmarkets.com/research/k62bpj/global

Read more: Global Concentrating Solar Power Market to Reach...

FORTUM CORPORATION STOCK EXCHANGE RELEASE 26 APRIL 2017 8:30 EEST

Fortum and the City of Oslo have entered into an agreement to restructure their
ownership in Hafslund ASA, one of the largest listed power groups in the Nordic
region. The transactions are subject to approval by the Oslo City Council
(Bystyret), the necessary regulatory approvals and fulfilment of the customary
closing conditions. The closing of the transactions is expected during the
third quarter of 2017.

Fortum will sell its 34.1% stake in Hafslund ASA to the City of Oslo for
approximately EUR 730 million before the proposed dividend for the Annual
General Meeting 2017. Fortum will book a one-time tax-free sales gain totalling
approximately EUR 330 million, which corresponds to EUR 0.37 earnings per
share. The final gain will be determined at the closing of all transactions and
will be reported in Fortum's Other segment.

Fortum will acquire 100% of Hafslund’s current Markets business area, which
operates in Norway, Sweden and Finland. This will almost double Fortum's number
of electricity retail customers in the Nordics – from 1.3 million to 2.4
million.

Hafslund’s Heat business area and the City of Oslo’s waste-to-energy company
Klemetsrudanlegget AS (KEA) will be combined into one company, forming an
integrated value chain in the waste-to-energy system. Fortum will acquire 50%
of the combined company. The combined entity will be owned 50/50 by Fortum and
the City of Oslo, with Fortum having operational responsibility. Heat and KEA
will be consolidated as a subsidiary to Fortum, with a 50% minority interest.

In addition, Fortum will acquire 10% of Hafslund’s current Production business
area.

The total debt-free price of the acquisitions is approximately EUR 970 million.

The combined net cash investment of the transactions is expected to be
approximately EUR 240 million. In 2016, the combined consolidated Sales and
EBITDA of Hafslund Markets and Heat & KEA (on a 100% basis) were approximately
EUR 950 million and approximately EUR 130 million respectively.

More details of the transactions are found as an attachment to this release.

Green partnership

"We are forming a strong partnership with the City of Oslo in areas where we
can combine competences to drive innovation for a greener Oslo, one of Europe’s
fastest growing urban areas. At the same time, we want to enable people and
businesses to make more environmentally friendly choices. KEA is also a
contender for Norway’s carbon capture and storage pilot programme, and I
believe that together with Fortum, its position will be stronger," says Pekka
Lundmark, Fortum’s President and CEO.

"In electricity retail the combination of Hafslund and Fortum will have
significant scale benefits, which will enhance the development of new
technologies and services for customers. The proposed transactions support
Fortum’s strategic growth and cash flow ambitions. We are naturally very
excited to be able to develop sustainable solutions for yet another major
European city. Our strategy implementation will continue and we still have
significant financial headroom available for market consolidation," Pekka
Lundmark concludes.

"We are very pleased to have Fortum as our industrial partner in district
heating and cooling and waste-to-energy. Together we will better be able to
develop new technologies for sustainable and smart solutions for Oslo and its
inhabitants," says Raymond Johansen, Governing Mayor of Oslo.

Fortum Corporation

Sophie Jolly, Vice President, Investor Relations and Financial Communications

Additional information:

Pekka Lundmark, President and CEO, and Markus Rauramo, CFO
Media call-back requests: Pauliina Vuosio, Corporate Press Officer, tel. +358
50 453 2383

Sophie Jolly, Vice President, Investor Relations and Financial Communications,
tel. +358 10 453 2552

Webcast/teleconference for analysts and investors 27 April 2017

An international teleconference and live webcast, for institutional investors
and analysts, regarding the transactions and the January-March 2017 results,
will be arranged on Thursday 27 April 2017 at 16.00 EEST. To participate in the
teleconference, please dial in some five minutes before the scheduled time:

European callers: +44 (0)330 336 9412

US callers: +1 719 325 4746

Confirmation code: 3832411

Distribution:

Nasdaq Helsinki
Key media
www.fortum.com

Hafslund
Hafslund ASA is listed on the Oslo Stock Exchange and one of the largest listed
power groups in the Nordic region. Hafslund is a pure-play energy and
infrastructure company with a leading position as Norway's largest networks,
district heating and power sales company, and is a medium-sized power producer.
The regulated networks business accounts for around half of Hafslund's capital
employed. Networks secures Hafslund stable and predictable returns in a period
of low power prices.

Fortum
Fortum is a leading clean-energy company that provides its customers with
electricity, heating and cooling as well as smart solutions to improve resource
efficiency. We want to engage our customers and society to join the change for
a cleaner world. We employ some 8,000 professionals in the Nordic and Baltic
countries, Russia, Poland and India, and 62% of our electricity generation is
CO2 free. In 2016, our sales were EUR 3.6 billion. Fortum's share is listed on
Nasdaq Helsinki. www.fortum.com

Read more: Fortum and City of Oslo restructure ownership in...

DAVIS, Calif.--()--William Stanton has been named Vice President of Engineering for Blue Oak Energy, a nationally recognized solar engineering firm. His leadership will enable Blue Oak Energy to further expand its growing portfolio of 1.5 GW of operational solar facilities spanning the Americas, while maintaining its reputation for providing best-in-class engineering, construction management and technical due diligence services to diverse enterprise customers. Blue Oak Energy is a wholly owned affiliate of Coronal Energy, powered by Panasonic.

As VP Engineering, Mr. Stanton will oversee all engineering functions related to the planning and design of enterprise solar projects. His responsibilities also include managing multidisciplinary civil, structural and electrical engineering teams and projects, while upholding Blue Oak Energy’s reputation for unparalleled service quality, innovation, and customer satisfaction.

“Bill has led the design and implementation of some of the most complex solar PV plants operating today, and his expanded leadership role here builds on our commitment to delivering real-world energy solutions to the most sophisticated customers in the market,” said Tobin Booth, founder of Blue Oak Energy and the Chief Engineering Officer for Coronal Energy.

Prior to joining Blue Oak Energy in 2016, Mr. Stanton served as Director of Engineering at Belectric, a leading engineering-focused developer of utility-scale solar power plants and energy storage systems. Among other leadership positions in the industry, he also served as Director of Global Project Permitting for four years at First Solar, a leading provider of comprehensive photovoltaic solar energy solutions. During his tenure, he was involved in two major project portfolio acquisitions – OptiSolar and Nextlight – and managed a team of professionals for the development, design and construction of over 2.5 GW of PV solar power plants.

“The opportunity to provide unsurpassed engineering expertise to a wide range of enterprise solar customers, including utilities, municipalities, businesses, and EPC firms, is what drew me to Blue Oak Energy,” said Mr. Stanton. “Considering every solar project is unique, I’m thrilled for the opportunity to collaborate with our customers in a manner that treats every project like it’s our own. That’s what we’re known for at Blue Oak Energy.”

Mr. Stanton is a licensed civil professional engineer and a licensed land surveyor. He obtained his bachelor’s degree in Civil Engineering from the Georgia Institute of Technology in Atlanta, Georgia.

About Blue Oak Energy

Blue Oak Energy’s comprehensive solar engineering, construction management, and technical due diligence services are well acknowledged across more than 1,500MW of operating solar facilities. The company’s technical leadership in commercial, agricultural, industrial, and utility scale solar engineering including energy storage has helped establish the solar energy industry as the world’s fastest growing electrical generation technology. Blue Oak Energy is headquartered in Davis, California, and is a wholly owned affiliate of Coronal Energy, powered by Panasonic. Additional information can be found at http://www.blueoakenergy.com

Read more: Blue Oak Energy Appoints New Vice President of...

STOCKHOLM, April 25, 2017 /PRNewswire/ -- NorthStar, the Swedish-American energy storage provider, today presents its partnership with City Utilities of Springfield, Missouri, within the area of Energy Storage Systems (ESS). The initial demonstration deployment in the Springfield electricity grid is aimed to evaluate how Springfield's energy supply can be made more efficient and sustainable, and will be using NorthStar BLUE+ batteries monitored by the remote management solution NorthStar ACE. 

ESS represents an emerging industry with a potential worldwide capacity of multiple gigawatt hours. There has been a tremendous growth in the ESS market globally aligned with the increased deployment of renewable energy and tighter emission restrictions of coal-fired power plants.                                                                              

The need for utilities to reduce peak power demand on generation, transmission and distribution systems has created a need for battery storage to fill reliability gaps and cut peak costs. Utilities strive to optimize transmission and distribution of the electric grid, among other objectives.

  • The ESS market is expected to grow to USD 200-400 billion by 2040 and represents a significant growth opportunity for NorthStar. In light of this global development, and given this partnership's importance specifically for Springfield, our joint project with City Utilities is very important, says NorthStar's CEO Hans Liden.

The energy storage solution in Springfield will be deployed next to an electrical substation located in southwest of Springfield. The project will support a growing region and new business developments are currently under construction.

The project enables City Utilities to investigate the possibility of a utility scale battery storage system. It will be carefully evaluated to determine the benefits of battery storage with respect to managing future system peak loads for City Utilities.

  • We're very excited with this opportunity to work with our community partner NorthStar on this pilot project. The opportunity to provide a platform for research that supports renewable integration options for our customers and potentially globally is something everyone at CU is excited about, says City Utilities' General Manager Scott Miller.

In the emerging ESS landscape, NorthStar has an excellent solution for a significant portion of the market with its BLUE+ technology. This thin plate lead carbon (TPLC) battery has demonstrated excellent results in demanding high-cyclic applications worldwide.

  • As an added differentiator, the NorthStar ACE battery monitoring system will be presented as another innovation to monitor the solution and extend battery life in ESS. This makes us a strong candidate on this market, says Hans Liden.

NorthStar ACE is a fully integrated remote monitoring system combining Bluetooth communication with an Internet of Things (IoT) concept. The cloud service is built to aggregate and display data on a system level, but still only require a few clicks to display detailed data for a single battery. The system enables full control of the energy storage from anywhere at any time, which improves operation significantly.

The joint ESS project will be deployed in September 2017.

Please visit: www.northstarbattery.com/ace

CONTACT:

For more information, please contact:

Hans Liden, CEO NorthStar, tel: +46 70 417 85 09, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Per Werin, CMO NorthStar, tel: +46 72 214 62 00, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Carlos Estrada, COO NorthStar, tel: +1 417 894 2376, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Joel Alexander, Manager, Communication, City Utilities of Springfield, tel: +1-417-831-8902, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/northstar-group/r/northstar-and-city-utilities-of-springfield-enter-joint-energy-storage-system-project,c2248681

The following files are available for download:

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/northstar-and-city-utilities-of-springfield-enter-joint-energy-storage-system-project-300445126.html

SOURCE NorthStar Group

Read more: NorthStar and City Utilities of Springfield...

BEIJING, April 25, 2017 /PRNewswire/ -- Trina Solar Limited ("Trina Solar" or the "Company"), a global leader in photovoltaic modules, solutions, and services, announced a 20MW module supply contract for its newly launched product DUOMAX twin, a bifacial module built with PERC and dual glass technology.

Under the sales contract, Trina Solar supplied 20MW of its DUOMAX twin (72 cells), with a power output ranging from 340-350W to a project located in Golmud, Qinghai ("Project"). The shipment was completed on 20 April, 2017.

DUOMAX twin is Trina Solar's latest innovation, which combines high efficiency PERC monocrystalline bifacial power technology and dual glass technology, effectively increasing system generating capacity. Electricity generated from its back side creates up to 25% more energy in a wide variety of environments. Furthermore, DUOMAX twin has a wide range of uses, with applications in projects such as large power stations, solar agriculture projects, solar-powered fish farms, and more. It is especially effective for use in areas with high diffuse reflection, such as projects located in sandy environments, water-surfaces, circumpolar latitudes, snowy areas, as well as guard rails on expressways.

The Project is located in a sandy area with high diffuse reflection, which are ideal conditions for DUOMAX twin. Besides direct light that is absorbed by the modules' front side, the back side absorbs reflected light from the ground and scattered light from the air as well. Furthermore, the Project will also be equipped with tracker which will enable the DUOMAX twin module's back side to achieve more solar energy through movement via the tracker.

Yin Rongfang, VP of Trina Solar, Head of Gloabl Sales & Marketing, said: "It is DUOMAX twin's first order after its launch in the end of March and we'd like to thank our clients for their recognition. This year is the market rearing stage for DUOMAX twin and this number will continue to rise steadily. We are seeing more orders flowing in across the globe. In the future, we will remain committed to technological innovations and deliver even more real LCOE value to our strategic partners around the world."

About Trina Solar Limited

Trina Solar Limited is a global leader in solar photovoltaic modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. For more information, please visit www.trinasolar.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/trina-solar-receives-20mw-bifacial-perc-duomax-twin-module-order-300445741.html

SOURCE Trina Solar Limited

Read more: Trina Solar receives 20MW Bifacial PERC "DUOMAX...

MONONA, Wis., April 25, 2017 /PRNewswire/ -- Phoenix Nuclear Labs (PNL) has signed a long-term agreement to be the exclusive supplier of high current proton accelerators to California-based Rayton Solar to produce low cost, high efficiency solar panels. Under the terms of the agreement, PNL will deliver the first system to Rayton at the end of 2017, followed by several additional units in 2018 and 2019.

Rayton Solar has developed a technique that they expect will reduce the cost of solar panel manufacturing and increase energy efficiency. "We are capable of making up to 100 times as many solar panels with the same amount of silicon that our competitors use to make just one panel," said Rayton Solar CEO Andrew Yakub. "The high current, high voltage proton accelerator developed by PNL is critical for our process, and we are thrilled to have them onboard as a long-term partner."

Traditional solar panel manufacturing utilizes diamond wire saws to cut thin layers of silicon, a process that results in a substantial amount of wasted silicon. The Rayton process utilizes high current ion beams produced by the PNL technology to cleave thin layers of silicon with zero waste. The process uses 50-100 times less silicon than the traditional method. "Implementing this new manufacturing process will represent a revolutionary step for the solar industry," Yakub said.

"Rayton Solar's technology has the potential to increase the availability and decrease the cost of clean, renewable solar energy. We are excited to partner with Rayton to provide a technology vital to their process," said Evan Sengbusch, VP of Business Development for PNL. "This collaboration is a perfect example of advancing the PNL mission by customizing and deploying our technology in ways that better humanity."

PNL's prototype proton accelerator will be delivered to Rayton Solar's headquarters in Santa Monica, CA in late 2017. Rayton is currently raising additional equity capital via the crowdfunding platform Start Engine to support the scale up to a larger manufacturing facility in which additional PNL systems will be installed for higher volume solar panel manufacturing.

About Phoenix Nuclear Labs
Founded in 2005 in Middleton, Wis., Phoenix Nuclear Labs has developed a proprietary, particle accelerator-driven, nuclear fusion technology that has applications ranging from medicine to national defense. The company is focused on commercializing its core accelerator technology for near-term applications, including neutron radiography imaging for the nondestructive evaluation and quality control of military and aerospace components, medical isotope production, semiconductor processing, and the detection of explosive devices. For more information, visit: http://phoenixnuclearlabs.com.

About Rayton Solar
Rayton Solar, Inc. is comprised of entrepreneurs and professors with extensive backgrounds as world leaders in their field. The company aims to implement technology that will make solar energy cheaper than fossil fuels and allow the United States to manufacture solar panels domestically, helping to guarantee energy independence and a thriving US economy. For more information, visit: http://www.raytonsolar.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pnl-to-supply-rayton-solar-with-technology-for-low-cost-solar-panel-production-300443532.html

SOURCE Phoenix Nuclear Labs

Related Links

http://phoenixnuclearlabs.com

Read more: PNL to supply Rayton Solar with technology for...

Over 1GW of IceBank energy storage and 1000 IceMat ice rinks have been installed in 60 countries

FAIR LAWN, NJ--(Marketwired - Apr 25, 2017) - CALMAC®, a leader in cool energy technologies, today celebrates its 70th anniversary.

Founded in 1947, Calvin 'Cal' MacCracken started the company to pursue his love of inventing. Prior to founding CALMAC, Cal designed and throttled the first jet engine ever built by GE. During his 50 years with CALMAC, he created over 250 inventions and had 80 patents. Some of his most widely known to the public include a hot dog cooker called Roll-A-Grill and the award-winning Alumazorb low emissivity ceiling, which has saved hundreds of millions of kWhs for ice rinks around the world. In addition to being a prolific inventor, Cal was an industry icon who was honored by ASHRAE and inducted into the ASHRAE Hall of Fame for his pioneering work in energy conservation through energy storage and ice rinks. Cal was so far head of his time, that on a "futuristic" 1953 T.V. show entitled 2000 A.D., Cal correctly predicted, in detail, the coming of the Solar Age.

CALMAC was the originator of the IceMat® Ice Rink Floor, which creates perfectly uniform ice with dramatic reduction in pumping power. IceMat rolls out like a carpet and connects to a refrigeration unit for quick installation at both temporary and permanent ice rinks. This flexible design has since become the industry standard for ice rinks. 

CALMAC's most widely applied product is IceBank® energy storage which functions like an affordable, simple and reliable battery for a building's air-conditioning system. IceBank® saves dramatically on the cost to cool buildings by reducing a building's on-peak use of electricity. The IceBank ice battery system uses standard cooling equipment plus an energy storage tank to shift all or a portion of a building's cooling needs to off-peak, nighttime hours. During off-peak hours, ice is made and stored inside IceBank energy storage tanks. The stored ice is then used to cool the building the next day. IceBank® offers a critical service to grid, since air-conditioning is the main culprit behind spikes in peak electrical demand. This on-peak reduction decreases the need to build new power plants or turn on expensive "peaker" power plants. The award-winning product has received many accolades including the Buildings Money-Saving Products Award and Building Operating Management Top Products Award.

Used by over 4,000 businesses in 60 countries, CALMAC has over 1GW of energy storage worldwide and has built a prestigious list of customers including Credit Suisse, Goldman Sachs, Google, Kohl's, IBM, IKEA, McDonald's, Morgan Stanley, Nordstrom, Rockefeller Center, Wal-Mart and more. The company's customers range from school districts, universities and places of worship to government buildings, retailers and medical centers. One customer for example, St. Lucie County School District, has reduced utility costs by $5 million a year thanks to CALMAC.

"As a school district located in South Florida, consistently hot temperatures and high humidity rates makes cooling 6.5M square feet of buildings and 40,000 students one of our biggest priorities and biggest expenses," said Marty Sander, Executive Director of Growth Management, Land Acquisition, Inter-Governmental Relations, Facilities & Maintenance at St. Lucie County School District. "We pair high efficiency chillers with CALMAC's energy storage technology for hybrid cooling system that shaves peak demand and reduces our utility bill. Before working with CALMAC, we ranked 60th out of 67 school districts statewide for energy use per student. Now, we have moved to 16 in the state and have reduced our energy costs from $12M to $7M per year. Not only are we saving money, but now we can budget for an extra 100 teachers."

As changes in business and the energy landscape occur, CALMAC's ice based energy products continue to meet the challenges of today's energy and facility managers. IceMat ice rinks are growing as a major player in retrofit markets with flexible, affordable engineered solutions for indoor and outdoor rinks. IceBank energy storage remains a leading thermal storage solution. Although storing energy in ice has been applied for over 40 years, there have been a number of internal and external factors that have led to a renewed interest in ice storage in the past decade. Materials of construction and manufacturing practices have increased the durability and life of the IceBank product, while growth of renewable energy and the green building market has turned the spotlight on the energy storage marketplace. 

"In the mid-1970s, I joined the company because of its focus on solar energy," said Mark MacCracken, son of Cal MacCracken and now CEO of CALMAC. "CALMAC's development of IceBank became the top priority in the 1980's. In the 1990's, Demand Side Management was critical to the electric utilities and ice storage became a common tool to lower customer costs and decrease peak demand. As popularity for renewable energy rose following the development of LEED in the 2000s, the need for demand flexibility of energy storage became even more paramount. I went to Phoenix in 2009 to attend the GreenBuild Expo and was elected to be Chairman of the Board of Directors of US Green Building Council -- ironically in the same city where my father attended the first Solar Energy Convention in 1955. It was an honor to be elected to run the most impactful non-profit organization in the sustainable marketplace in the same location my father launched CALMAC into it 54 years prior. He was truly ahead of his time."

In April 2017, Mark MacCracken was also recognized by City and State New York as an honoree of the Corporate Social Responsibility Award for Sustainability and Environmental Impact for his success in promoting sustainability initiatives in the energy sector as well as devoting his time to creating a positive environmental impact.

For more information on CALMAC, visit www.calmac.com.

About CALMAC

Since 1947, CALMAC Corp has been a leading U.S. manufacturer of cool energy related technologies. CALMAC is most known for its IceBank energy storage systems which strengthens the smart grid by storing critical energy sources -- including renewables like wind power -- for later use. IceBank energy storage tanks are installed at over 4,000 locations in 60 countries and last over 40 years. CALMAC's IceMat and Alumazorb products are found in hundreds of rinks worldwide. Customers trust CALMAC for the best ice skating surfaces under any conditions -- and lower construction and operating costs. Widely recognized for promoting peak energy conservation and energy cost savings, CALMAC Corp is a member of the Ice Skating Institute, U.S. Green Building Council (USGBC) and the New Buildings Institute.

Read more: Leading Energy Storage and Ice Rink Provider...

TEMPE, Ariz., April 25, 2017 /PRNewswire/ -- Amtech Systems, Inc. (NASDAQ: ASYS), a global supplier of production equipment and related supplies for the solar, semiconductor, and LED markets, today announced its solar subsidiary, Tempress Systems, received a follow-on order for the second phase of a multi‑phase 1GW project, in addition to the order for the first phase announced in January 2017.  This turnkey order for the second phase is similar in size and includes Tempress' high-throughput PECVD and diffusion platforms, which have been sold to other top tier customers in China, Malaysia, and Taiwan.  The first and second phases of this China project are designed to manufacture high efficiency n-type bi-facial solar cells and modules at an attractive cost per watt. This repeat order is expected to ship within the next twelve months.  Amtech's backlog as of April 25, 2017 is approximately $125 million compared to the December 31, 2016 backlog of $52 million.

Fokko Pentinga, CEO and President of Amtech, commented, "Over the years, we have made advances in n-type technologies in collaboration with leading research institutes, including the Energy Research Centre of the Netherlands (ECN). With recent declines in the cost of n-type wafers and the market demand for higher efficiency and lower cost per watt, we are seeing increased adoption of n-type bi-facial technologies for production of c-Si cells. Recently, at one of the largest solar tradeshows, SNEC in Shanghai, there was much excitement and a trend towards adoption of bi-facial cells, which requires two PECVD steps.  We believe that Amtech has the right mix of n-type cell technologies and high-throughput tools to capitalize on the growing market demand for higher efficiency cells, and that n-type bi-facial cell technologies have the best roadmap to higher efficiency."

About Amtech Systems, Inc.

Amtech Systems, Inc. is a global supplier of advanced thermal processing equipment to the solar, semiconductor / electronics, and LED manufacturing markets. Amtech's equipment includes diffusion, ALD and PECVD systems and solder reflow systems. Amtech also supplies wafer handling automation and polishing equipment and related consumable products. The Company's wafer handling, thermal processing and consumable products currently address the diffusion, oxidation, and deposition steps used in the fabrication of solar cells, LEDs, semiconductors, MEMS, printed circuit boards, semiconductor packaging, and the polishing of newly sliced sapphire and silicon wafers. Amtech's products are recognized under the leading brand names Tempress SystemsTM, Bruce TechnologiesTM, PR HoffmanTM, R2D AutomationTM, SoLayTec, and BTU International.

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this press release is forward-looking in nature. All statements in this press release, or made by management of Amtech Systems, Inc. and its subsidiaries ("Amtech"), other than statements of historical fact, are hereby identified as "forward-looking statements" (as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). In some cases, forward-looking statements can be identified by terminology such as "may," "will," "should," "would," "expects," "plans," "anticipates," "intends," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology and are intended to identify such forward-looking statements.  Examples of forward-looking statements include statements regarding Amtech's future financial results, operating results, business strategies, projected costs, products under development, competitive positions, and plans and objectives of Amtech and its management for future operations.  These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.  The Form 10-K that Amtech filed with the Securities and Exchange Commission (the "SEC") for the year-ended September 30, 2016, listed various important factors that could affect the company's future operating results and financial condition and could cause actual results to differ materially from historical results and expectations based on forward-looking statements made in this document or elsewhere by Amtech or on its behalf.  These factors can be found under the heading "Risk Factors" in the Form 10-Ks and investors should refer to them.  Because it is not possible to predict or identify all such factors, any such list cannot be considered a complete set of all potential risks or uncertainties.  Except as required by law, we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events, or otherwise.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/amtech-announces-significant-accelerated-follow-on-order-for-bi-facial-n-type-technology-turnkey-line-300445559.html

SOURCE Amtech Systems, Inc.

Read more: Amtech Announces Significant Accelerated...

WASHINGTON, Utah--()--Legend Solar, Utah’s fastest growing solar company, was named Residential Regional Top Producer of the Year for 2016 by SunPower, one of the world’s most innovative and sustainable energy companies that manufactures the highest efficiency solar panels available today.

The Residential Regional Top Producer of the Year award honors the SunPower residential dealer that has the highest shipment volume in its region of the United States. As an Elite Dealer for SunPower throughout Utah and parts of Nevada and Oregon, Legend Solar has exhibited outstanding sales performance over the past year.

In 2016, Legend Solar installed more than 5,000 kilowatts of solar panels on homes and commercial buildings throughout Utah. One of the large commercial installations was for TeraFlex of West Jordan, Utah. This company is now saving approximately $30,000 per year in energy costs with its new 140-kilowatt SunPower solar power system installed by Legend Solar. The new system offsets almost all of TeraFlex’s energy costs for its office and warehouse space.

“To offer the best product and service in the industry, we had to partner with the best—SunPower,” said Shane Perkins, co-owner and co-founder of Legend Solar. “Our success as a SunPower Elite Dealer reaffirms the strength of partnering with a solar panel manufacturer that offers the best combined product and power warranty in the industry.”

“SunPower’s reputable national dealer network is strengthened by local solar companies like Legend Solar, selected for their quality craftsmanship, industry expertise and customer service,” said Martin DeBono, SunPower senior vice president. “We congratulate Legend Solar for an extraordinary performance in 2016 as a residential dealer, delivering the value of SunPower solar to homeowners in their community.”

For more information on Legend Solar, visit www.legendsolar.com.

About Legend Solar

Since 2012, Legend Solar has set the bar as Utah’s fastest growing provider of solar power for businesses and homes. Recognized at No. 29 on the 2016 Inc. 5000 list, the company has been expanding throughout Utah, Nevada and Oregon with future expansion plans for Arizona, Wyoming, Montana and Idaho.

Legend Solar is an Elite Dealer for SunPower, one of the world’s most innovative and sustainable energy companies that manufactures the highest efficiency solar panels available today with the industry’s best 25-year combined product and power warranty. The company was named Residential National Rising Star by SunPower for its outstanding performance as a new SunPower dealer in 2015, and now Residential Regional Top Producer of the Year for 2016.

Legend Solar ensures that customers receive the best value for their installation by customizing the system to meet each family’s needs. The company helps customers take advantage of appropriate tax credits and provides them with aggressive financing options, so homeowners can afford to get into solar power today. For more information, visit www.legendsolar.com.

Read more: Legend Solar Named SunPower Residential Regional...

GUELPH, Ontario, April 25, 2017 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has secured financing for its 92 MWp IS-42 solar power project near Fayetteville, North Carolina.  The financing is in the form of a debt facility with Prudential Capital Group and a tax equity investment commitment from U.S. Bancorp Community Development Corporation (USBCDC). 

Prudential Capital Group will provide a $97 million debt facility, including tax equity bridge loan, term loan, and revolving loan to the project.  USBCDC, a division of U.S. Bank (NYSE: USB), will make a tax equity investment in the project under a separate agreement.

"This agreement with leading financial institutions such as Prudential Capital Group and U.S. Bank demonstrates the quality of the solar projects which Canadian Solar is developing in the U.S.," said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar.  "We are glad to further strengthen our partnership with Prudential Capital Group and USBCDC with this large project and support the growth of the solar industry in the country."

"We are excited to support Canadian Solar in their efforts to construct and operate solar projects in the United States," said Wendy Carlson, Managing Director of Prudential Capital Group's Energy Finance Group: Power.  "We are pleased to continue building our relationship with Canadian Solar and USBCDC."

"Canadian Solar is bringing an important piece of the renewable energy framework to North Carolina with this project. The estimated 509 construction jobs plus the permanent positions it will create are important factors for economic development in the state along with providing a clean source of renewable energy for residents," said Adam Altenhofen, Vice President of USBCDC. 

The 92 MWp project, covering an area of approximately 450 acres in the Bladen and Cumberland counties of North Carolina, is currently under construction and is expected to reach commercial operation in the third quarter of 2017.  The project has a long-term Power Purchase Agreement with Duke Energy Progress.  Once operational, the project will generate enough clean solar energy to power approximately 11,750 homes in the state. 

CohnReznick Capital Markets Securities acted as financial advisor to Canadian Solar in the transaction.

About Prudential Capital Group

Prudential Capital Group is the private placement arm of PGIM, the global investment management business of Prudential Financial, Inc. Prudential Capital Group manages a $76.8 billion portfolio of debt and equity investments and invests up to $12 billion, annually, in middle-market companies. Energy Finance Group: Power is part of Prudential Capital Group with $8 billion portfolio in power projects, utilities and cooperatives (as of December 31, 2016).

About U.S. Bancorp Community Development Corporation

With $23 billion in managed assets as of March 31, 2017, U.S. Bancorp Community Development Corporation, a subsidiary of U.S. Bank, provides innovative financing solutions for community development projects across the country using state and federally sponsored tax credit programs. USBCDC's commitments provide capital investment to areas that need it the most and have contributed to the creation of new jobs, the rehabilitation of historic buildings, the construction of needed affordable and market-rate homes, the development of renewable energy facilities, and the generation of commercial economic activity in underserved communities. Visit USBCDC on the web at www.usbank.com/cdc.

About Canadian Solar Inc.

Founded in 2001 in Canada, Canadian Solar is one of the world's largest and foremost solar power companies. As a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions, Canadian Solar also has a geographically diversified pipeline of utility-scale power projects in various stages of development. In the past 16 years, Canadian Solar has successfully delivered over 20 GW of premium quality modules to over 100 countries around the world. Furthermore, Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release regarding the Company's expected future shipment volumes, gross margins, business prospects and future results, are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; cancelation of utility-scale feed-in-tariff contracts in Japan; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on April 20, 2016. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/canadian-solar-secures-project-financing-from-prudential-capital-group-and-us-bank-300444848.html

SOURCE Canadian Solar Inc.

Related Links

http://www.canadiansolar.com

Read more: Canadian Solar Secures Project Financing from...

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