DOCSLIB.ORG

Cleantech Sector Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Cleantech Sector Report CLEANTECH SECTOR REPORT SAVVIAN, LLC 150 CALIFORNIA STREET, SAN FRANCISCO, CA 94111 | www.savvian.com | 415.318.3600 MARKET HIGHLIGHTS Inside this issue In keeping with the broader equity markets, cleantech stocks were pressured in the middle part of Market Highlights Q3 but most cleantech sectors rebounded to finish the quarter on an up-tick Summary Performance Solar stocks were down over 12% in mid-August but finished the quarter up 18.2%, once again Observations giving the strongest quarterly performance amongst cleantech sectors Regulatory Environment Geo / Hydro and Wind stocks also faced a difficult August, finishing the quarter up 3.7% and Industry News 14.9%, respectively Trading Data Fuel Cell and Biofuels stocks have continued to face a difficult year as they posted losses of 9.8% Transaction Activity and 22.3% in Q3, respectively Savvian Update The Cleantech Venture Network tracked 74 private equity investments in cleantech companies raising a total of $1.5bn in Q3 versus 84 private equity investments raising a total of $1.1bn in Q2 San Francisco Office SUMMARY PERFORMANCE 150 California Street AV / Revenue AV / EBITDA Price / EPS San Francisco, CA 94111 CY 07E CY 08E CY 07E CY 08E CY 07E CY 08E Phone: (415) 318-3600 Geo / Hydro 6.9 x 3.4 x 21.8 x 13.3 x 72.4 x 32.5 x Efficiency Technology 10.3 x 5.7 x NM 30.7 x NM 73.0 x New York Office Solar 4.3 x 2.3 x 21.7 x 11.9 x 30.4 x 20.0 x 7 Times Square, Wind 2.9 x 2.2 x 20.8 x 13.2 x 40.9 x 24.6 x Biofuels 1.1 x 0.6 x 11.7 x 4.9 x 24.7 x 11.7 x Suite 2501 Fuel Cells 2.7 x 4.1 x NM NM NM NM New York, NY 10036 Phone: (212) 999-7090 Chicago Office 130 71 S Wacker Drive, Suite 1230 Chicago, IL 60606 120 18.2% 17.5% Phone: (312) 212-8210 14.9% 110 3.7% 100 (0.8%) For further information, Price Indexed 90 (9.8%) please contact: Mark McInerney 80 Managing Director (22.3%) Phone: (415) 318-3654 [email protected] 70 07/02/07 07/13/07 07/27/07 08/08/07 08/21/07 08/31/07 09/14/07 09/28/07 Bill Baker Date Director Solar Biofuels Fuel Cell Geo / Hydro Wind Efficiency Technology Phone: (415) 318-3641 Oil Futures [email protected] Note: Multiples as of 9/28/07. Source: Factset. OBSERVATIONS Research suggests that there will be adequate increases in polysilicon production over the next three years to satisfy growing demand and support growth in the solar PV sector. The research supports the view the solar PV market – silicon and thin-film – will continue expanding Street research and press attention have focused on the large amount of power consumed by datacenters, with approximately 10% annual growth until 2010. The Street estimates that by 2010, 34 1,000 MW dedicated electrical generation facilities would be needed to satisfy datacenter power consumption – which many expect will force the computer industry to become more sensitive to power management Even though wind power capacity has grown in the US by as much as 22% in the last five years, and the US installed more new wind last year than any other country, inconsistent government support has led to boom and bust cycles, resulting in a constrained domestic wind industry New financing mechanisms are proliferating for solar as utilities and investment funds arrange for power purchasing arrangements (PPAs) for both residential and commercial consumers of solar generated electricity. This is expected to help the industry overcome one of its biggest hurdles – the high upfront cost of installation of solar PV Attention has recently been drawn to the fact that one of the corollary benefits of having more hybrid electric and plug-in hybrid vehicles is their ability to serve a dual function as power storage that could be utilized to deliver power to a grid or to homes Source: News, Wall Street research. CLEANTECH UNIVERSE PERFORMANCE 160% 146% 140% 120% 109% 100% 90% 80% 60% 51% 34% 36% 39% 39% 40% 30% 29% 22% 20% 20% 14% 15% 14% 14% 0% (20%) (9%) (8%) Last Month YTD 1 Year (19%) (40%) (37%) (32%) (60%) Oil Futures Geo / Hydro Efficiency Solar Wind Biofuels Fuel Cells Technology Best Performers – Last Month Best Performers – YTD Best Performers – 1 Year Australian Biodiesel 102% First Solar 295% Wafer Works 329% Yingli Green Energy 92% Hoku Scientific 271% Tower Tech Hldgs. 253% Akeena Solar 91% Solon AG 263% Nordex AG 245% China Sunergy 81% Akeena Solar 208% REC 214% Source: Factset. SAVVIAN, LLC 150 CALIFORNIA STREET, SAN FRANCISCO, CA 94111 | www.savvian.com | 415.318.3600 REGULATORY ENVIRONMENT In the US Senate in July, a filibuster by Republicans prevented a vote on two renewable energy measures that Democrats hoped to append to the larger energy bill. One measure would establish a national renewables portfolio standard that would require electric utilities to get 15% of their energy from renewables by 2020 and the other would have taken away tax breaks for large oil companies worth over $28 billion over the next 10 years The German Ministry for the Environment has issued new rules for the Renewable Energy Sources Act that increase tariffs significantly for certain technologies such as offshore wind power, hydroelectricity, and geothermal energy beginning in 2009. The Act is reviewed every three years and has been instrumental to Germany’s global lead in the adoption of solar, wind, and other renewable energy technologies The press reported in late July that a one-sentence provision that was inserted without debate at the behest of the nuclear power industry into the recently-passed Senate energy bill could provide tens of billions of dollars in loan guarantees for developers of new nuclear power plants Now that Congress has resumed, it is expected that renewable portfolio standards and vehicle efficiencies will again be a popular topic as House-Senate conference committee discussions commence The USDA approved a guaranteed $97 million loan to help businesses in Georgia, Illinois and North Carolina develop renewable energy sources Six Western states and two Canadian provinces have formed a coalition called the Western Climate Initiative to reduce carbon emissions, following California’s legislative lead with the passage of AB32, requiring the state to reduce emissions 25 percent by 2020 INDUSTRY NEWS In July, First Solar signed up $1.28 billion of new contracts to supply a total of 685MW of capacity sales through 2012, underscoring the tremendous demand in the market place for solar PV product Louisiana, Kentucky and Nebraska tendered for 850MW of renewable power. Specifically, Louisiana Gas and Electric and Kentucky Utilities have issued RFPs seeking up to 750 MW of long-term renewable energy supplies beginning June 1, 2008 for up to 30 years Cleantech America LLC announced plans in July to build the world’s largest solar power farm near Fresno, California. The 80MW farm will occupy up to 640 acres and upon completion in 2011 will be 17 times larger than the largest U.S. solar farm Solar Power 2007, the largest solar conference in the U.S., took place over four days in late September in Long Beach, CA. 9,500 business representatives and 3,000 people from the general public visited the 2007 Solar Power Expo and attended conference sessions and seminars International Power announced that it has entered into an agreement to acquire the Trinergy wind portfolio, including 581 MW in operation and 67MW under construction, from private investors. Following the transaction, International Power will have 1,013 MW of operating wind capacity and another 117 MW in development Large hotel chains have begun to offer “green” hotel rooms; the Starwood Hotels & Resorts have inaugurated a new line of environmentally and socially conscious hotels known as Element, featuring recyclable products, towels and sheets made with organically grown fibers, efficient light bulbs and HVAC systems, and nontoxic cleaners Tower Tech Holdings, Inc., a wind tower manufacturer, has agreed to acquire Brad Foote Works, Inc., a producer of gearing systems for wind and other energy related industries, for total consideration of cash and shares of $123 million. The deal comes amidst increasing consolidation in the wind turbine component supply chain SunPower and First Solar both completed follow-on equity / equity-linked transactions in Q3 raising an aggregate of $976MM In July, the International Energy Agency released a medium-term forecast of energy supplies and needs through 2012, concluding that oil supply, for both oil and natural gas, will be tighter than it had previously forecast. With sustained higher prices, governments, producers, and consumers are expected to more aggressively pursue alternatives, likely benefiting solar PV, wind power, and hybrid vehicle technologies Source: Wall Street research, news releases. SAVVIAN, LLC 150 CALIFORNIA STREET, SAN FRANCISCO, CA 94111 | www.savvian.com | 415.318.3600 CLEANTECH COMPARABLE COMPANY UNIVERSE Stock LTM EPS Revenue Price (USD) Price Range Equity Aggregate AV / Revenue AV / EBITDA Price / EPS Long Term CY 07E Growth 9/28/07 Low High Value Value CY 07E CY 08E CY 07E CY 08E CY 07E CY 08E Growth PEG 08E/07E Geo / Hydro Ormat Technologies Inc. $46.34 $32.01 $49.21 $1,767 $2,170 7.2 x 5.4 x 21.8 x 13.3 x 72.4 x 32.5 x 22.8% 3.2 x 32.1% Ocean Power Technologies Inc. 15.72 10.00 27.50 160 48 6.7 1.3 NA NA NM NM 30.0% NM 407.7% Mean/Median 6.9 x 3.4 x 21.8 x 13.3 x 72.4 x 32.5 x 26.4% 3.2 x 219.9% Efficiency Technology EnerNOC Inc.
Load more

Recommended publications
  • The Unseen Costs of Solar-Generated Electricity
    THE UNSEEN COSTS OF SOLAR-GENERATED ELECTRICITY Megan E. Hansen, BS, Strata Policy Randy T Simmons, PhD, Utah State University Ryan M. Yonk, PhD, Utah State University The Institute of Political Economy (IPE) at Utah State University seeks to promote a better understanding of the foundations of a free society by conducting research and disseminating findings through publications, classes, seminars, conferences, and lectures. By mentoring students and engaging them in research and writing projects, IPE creates diverse opportunities for students in graduate programs, internships, policy groups, and business. PRIMARY INVESTIGATORS: Megan E. Hansen, BS Strata Policy Randy T Simmons, PhD Utah State University Ryan M. Yonk, PhD Utah State University STUDENT RESEARCH ASSOCIATES: Matthew Crabtree Jordan Floyd Melissa Funk Michael Jensen Josh Smith TABLE OF CONTENTS Table of Contents ................................................................................................................................................................ 2 Executive Summary ............................................................................................................................................................. 1 Introduction ......................................................................................................................................................................... 1 Solar Energy and the Grid ............................................................................................................................................
    [Show full text]
  • Environmental and Economic Benefits of Building Solar in California Quality Careers — Cleaner Lives
    Environmental and Economic Benefits of Building Solar in California Quality Careers — Cleaner Lives DONALD VIAL CENTER ON EMPLOYMENT IN THE GREEN ECONOMY Institute for Research on Labor and Employment University of California, Berkeley November 10, 2014 By Peter Philips, Ph.D. Professor of Economics, University of Utah Visiting Scholar, University of California, Berkeley, Institute for Research on Labor and Employment Peter Philips | Donald Vial Center on Employment in the Green Economy | November 2014 1 2 Environmental and Economic Benefits of Building Solar in California: Quality Careers—Cleaner Lives Environmental and Economic Benefits of Building Solar in California Quality Careers — Cleaner Lives DONALD VIAL CENTER ON EMPLOYMENT IN THE GREEN ECONOMY Institute for Research on Labor and Employment University of California, Berkeley November 10, 2014 By Peter Philips, Ph.D. Professor of Economics, University of Utah Visiting Scholar, University of California, Berkeley, Institute for Research on Labor and Employment Peter Philips | Donald Vial Center on Employment in the Green Economy | November 2014 3 About the Author Peter Philips (B.A. Pomona College, M.A., Ph.D. Stanford University) is a Professor of Economics and former Chair of the Economics Department at the University of Utah. Philips is a leading economic expert on the U.S. construction labor market. He has published widely on the topic and has testified as an expert in the U.S. Court of Federal Claims, served as an expert for the U.S. Justice Department in litigation concerning the Davis-Bacon Act (the federal prevailing wage law), and presented testimony to state legislative committees in Ohio, Indiana, Kansas, Oklahoma, New Mexico, Utah, Kentucky, Connecticut, and California regarding the regulations of construction labor markets.
    [Show full text]
  • DOE Solar Energy Technologies Program FY 2005 Annual
    DOE Solar Energy Technologies Program Cover Photos (clockwise from lower right): On August 8, 2005, President George W. Bush visited the National Solar Thermal Test Facility at Sandia National Laboratories as part of his signing of the Energy Bill. R.J. Montoya Photo National Renewable Energy Laboratory researchers use a computer-controlled data acquisition system at the laboratory’s Outdoor Test Facility to characterize the performance and reliability of PV cells and modules. Jim Yost, PIX14094 A Cornell University student cleans the solar-powered rooftop of his team’s entry in preparation for the 2005 Solar Decathlon competition in Washington, D.C. Stefano Paltera/Solar Decathlon Global Solar Energy, a member of the Thin Film PV Partnership, produces PV material by depositing CIGS (copper indium gallium diselenide) on a lightweight, flexible polymide substrate in roll form. Global Solar Energy, PIX13419 The DOE Solar Energy Technologies Program Raymond A. Sutula, Manager, DOE Solar Energy Technologies Program The Solar Energy Technologies Program, within the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy (EERE), is responsible for developing solar energy technologies that can convert sunlight to useful energy and make that energy available to satisfy a significant portion of our nation's energy needs in a cost-effective way. The Solar Program supports research and development that addresses a wide range of applications, including on- site electricity generation, thermal energy for space heating and hot water, and large-scale power production. This is a great time to be involved with solar energy. Photovoltaic (PV) systems are being installed in the United States and around the world in unprecedented quantities.
    [Show full text]
  • Q4 2018 / Q1 2019 Solar Industry Update
    Q4 2018/Q1 2019 Solar Industry Update David Feldman Robert Margolis May 2019 NREL/PR-6A20-73992 Executive Summary • At the end of 2018, global PV installations reached 509 GW-DC, • The United States installed 10.7 GW-DC of PV in 2018 (8.3 GW- an annual increase of 102 GW-DC from 2017. AC), with 4.2 GW-DC coming in Q4—cumulative capacity reached 62.5 GW-DC (49.7 GW-AC). – In 2018, the leading markets in terms of annual deployment were China (44 GW-DC), the United States (11 GW-DC), and – Analysts also expect U.S. PV capacity to double by 2022. India (8 GW-DC). • In 2018, global PV shipments were approximately 89 GW—a Analysts expect cumulative PV capacity to double by 2022. – decrease of 5% from 2017. More than 96% of those PV shipments used c-Si technology and were shipped from Asian • At the end of 2018, cumulative global CSP installations reached countries. 6.2 GW, up 710 MW from 2017. • In 2018, the United States produced approximately 1 GW of c-Si • Solar installations represented 22% of all new U.S. electric modules and 0.4 GW of thin film. generation capacity in 2018—second to natural gas (58%). – The United States expanded its PV manufacturing capacity • In 2018, solar represented 4.6% of net summer capacity and to 6 GW in Q1 2019 (up from 2.5 GW in 2017), and it is 2.3% of annual net generation. expected to add another 3 GW in the near future.
    [Show full text]
  • Contract Manufacturing Opportunities in Printed Electronics
    CONTRACT MANUFACTURING OPPORTUNITIES IN PRINTED ELECTRONICS 2013 EDITION Copyright © 2013 New Venture Research Corporation 337 Clay Street, Suite 101 Nevada City, CA 95959 (Tel) 530‐265‐2004 (Fax) 530‐265‐1998 2013 Edition Copyright © 2013 by New Venture Research Corp. All rights reserved This publication may not be reproduced, in whole or in part, in any manner or in any form or otherwise, without the written prior permission of New Venture Research Corp. _____________________________________________________________________________________________ Contract Manufacturing Opportunities in Printed Electronics ‐ 2013 Edition © 2013 New Venture Research Corp. Page i ABOUT THE AUTHOR Randall Sherman is president of New Venture Research Corp., a market research publishing and business consulting firm focused on the electronics manufacturing industries, and serves as principal analyst for this report. Mr. Sherman has more than 25 years’ experience in technology, product, and business research. He began his career as a telecom network design engineer. He has held senior analyst and management positions at various market research firms, including Creative Strategies International and Frost and Sullivan. Mr. Sherman holds a BS in Astrophysics, an MSEE from the University of Colorado, and an MBA from the Edinburgh School of Business. _____________________________________________________________________________________________ Contract Manufacturing Opportunities in Printed Electronics ‐ 2013 Edition © 2013 New Venture Research Corp. Page ii ABOUT NEW VENTURE RESEARCH CORPORATION New Venture Research (NVR) was formed in 1988 to assist industry executives in their decision making. We began as an independent consultancy and have recently evolved into a publisher of off‐ the‐shelf market research reports in key areas of the electronics industry. The reports are written by a team of staff analysts and independent consultants.
    [Show full text]
  • Environmental Assessment
    Environmental Assessment Turning Point Solar Generating Project Noble County, Ohio Turning Point Solar LLC U.S. Department of Agriculture Rural Utilities Service (RUS) Please submit questions or written comments to: Lauren McGee Environmental Scientist USDA/RUS 1400 Independence Ave., SW Mail Stop 1571 Washington, DC 20250-1571 Phone: (202) 720-1482 Fax: (202) 690-0649 Email: [email protected] ENVIRONMENTAL ASSESSMENT TURNING POINT SOLAR PROJECT Brookfield Township, Noble County, Ohio Prepared for: U.S. Department of Agriculture Rural Utilities Service January 2012 Prepared by: URS Corporation Cleveland, Ohio Rural Utilities Service Turning Point Solar Project TABLE OF CONTENTS Page No. EXECUTIVE SUMMARY.....................................................................................................ES-1 1.0 PURPOSE AND NEED FOR THE PROPOSED ACTION.............................................1-1 1.1 Introduction ...............................................................................................................1-1 1.2 Proposed Action.........................................................................................................1-3 1.3 Applicant’s Purpose and Need ..................................................................................1-5 2.0 ALTERNATIVES ANALYSIS AND DESCRIPTION OF PROPOSED ACTION......................................................................................................................................2-1 2.1 Project Alternatives That Meet the Purpose and Need...............................................2-1
    [Show full text]
  • Expanding the Photovoltaic Supply Chain in the United States: Opportunities and Challenges
    Expanding the Photovoltaic Supply Chain in the United States: Opportunities and Challenges Brittany L. Smith and Robert Margolis NREL is a national laboratory of the U.S. Department of Energy Technical Report Office of Energy Efficiency & Renewable Energy NREL/TP-6A20-73363 Operated by the Alliance for Sustainable Energy, LLC July 2019 This report is available at no cost from the National Renewable Energy Laboratory (NREL) at www.nrel.gov/publications. Contract No. DE-AC36-08GO28308 Expanding the Photovoltaic Supply Chain in the United States: Opportunities and Challenges Brittany L. Smith and Robert Margolis Suggested Citation Smith, Brittany L., and Robert Margolis. (2019). Expanding the Photovoltaic Supply Chain in the United States: Opportunities and Challenges. Golden, CO: National Renewable Energy Laboratory. NREL/TP-6A20-73363. https://www.nrel.gov/docs/fy19osti/73363.pdf. NREL is a national laboratory of the U.S. Department of Energy Technical Report Office of Energy Efficiency & Renewable Energy NREL/TP-6A20-73363 Operated by the Alliance for Sustainable Energy, LLC July 2019 This report is available at no cost from the National Renewable Energy National Renewable Energy Laboratory Laboratory (NREL) at www.nrel.gov/publications. 15013 Denver West Parkway Golden, CO 80401 Contract No. DE-AC36-08GO28308 303-275-3000 • www.nrel.gov NOTICE This work was authored by the National Renewable Energy Laboratory, operated by Alliance for Sustainable Energy, LLC, for the U.S. Department of Energy (DOE) under Contract No. DE-AC36- 08GO28308. Funding provided by the U.S. Department of Energy Office of Energy Efficiency and Renewable Energy Solar Energy Technologies Office.
    [Show full text]
  • RE-Powering America's Land Initiative: Project Tracking Matrix April 2016
    RE-Powering America’s Land Initiative: April 2016 Project Tracking Matrix The U.S. Environmental Protection Agency (EPA) recognizes the overall environmental RE-Powering America’s benefit of siting renewable energy projects on contaminated properties. Through Land Initiative the RE-Powering America’s Land Initiative, EPA is encouraging renewable energy development on current and formerly contaminated lands, landfills, and mine sites To provide information on renewable energy on when such development is aligned with the community’s vision for the site. contaminated land projects not currently appearing Using publically available information, RE-Powering maintains a list of completed in this document, email [email protected]. renewable energy installations on contaminated sites and landfills. To date, the To receive updates, newsletters, and other RE-Powering Initiative has identified 179 renewable energy installations on 171 information about the RE-Powering program, contaminated lands, landfills, and mine sites1, with a cumulative installed capacity of click the banner below. just over 1,124 megawatts (MW) and consistent growth in total installations since the inception of the RE-Powering Initiative. Approximately 60% of these installations are Subscribe large-scale systems with a project capacity of 1 MW or more, either exporting energy EPA’s RE-Powering Listserv onto the utility grid or offsetting onsite energy demands. This document provides summary statistics of known installations and discusses emerging trends. In addition to the completed sites listed here, EPA is tracking more than 50 renewable energy projects on contaminated or disturbed properties in various stages of planning, approval, or construction. These include a 1.1-MW solar project under construction on a Meriden, CT landfill; a 2.25-MW solar project under construction on a coal ash landfill in Beloit, WI; and an 18.6-MW solar installation underway at the U.S.
    [Show full text]
  • The Seeds of Solar Innovation: How a Nation Can Grow a Competitive Advantage by Donny Holaschutz
    The Seeds of Solar Innovation: How a Nation can Grow a Competitive Advantage by Donny Holaschutz B.A. Hispanic Studies (2004), University of Texas at Austin B.S. Aerospace Engineering (2004), University of Texas at Austin M.S.E Aerospace Engineering (2007), University of Texas at Austin Submitted to the System Design and Management Program In Partial Fulfillment of the Requirements for the Degree of Master of Science in Engineering and Management ARCHIVES MASSACHUSETTS INSTITUTE at the OF TECHNOLOGY Massachusetts Institute of Technology February 2012 © 2012 Donny Holaschutz. All rights reserved The author hereby grants to MIT permission to reproduce and to distribute publicly paper and electronic copies of this thesis document in whole or in part in any medium now known or hereqfter reated. Signed by Author: Donny Holaschutz Engineering Systems Division and Sloan School of Management January 20, 2012 Certified by: James M. Utterback, Thesis Supervisor David . McGrath jr (1959) Professor of Management and Innovation and Professor of neering SysemsIT oan School of Management Accepted by: Patrick C.Hale Director otS ystem Design and Management Program THIS PAGE INTENTIONALLY LEFT BLANK Table of Contents Fig u re List ...................................................................................................................................................... 5 T ab le List........................................................................................................................................................7 Executive
    [Show full text]
  • Solar Energy Markets Solar Energy Markets an Analysis of the Global Solar Industry
    Solar Energy Markets Solar Energy Markets An Analysis of the Global Solar Industry Philip G. Jordan The Economic Advancement Research Institute Wrentham, MA, USA and BW Research Partnership, Inc. Wrentham, MA, USA AMSTERDAM • BOSTON • HEIDELBERG • LONDON • NEW YORK • OXFORD PARIS • SAN DIEGO • SAN FRANCISCO • SINGAPORE • SYDNEY • TOKYO Elsevier 32 Jamestown Road, London NW1 7BY, UK 225 Wyman Street, Waltham, MA 02451, USA Copyright © 2014 Elsevier Inc. All rights reserved No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage and retrieval system, without permission in writing from the publisher. Details on how to seek permission, further information about the Publisher’s permissions policies and our arrangement with organizations such as the Copyright Clearance Center and the Copyright Licensing Agency, can be found at our website: www.elsevier.com/permissions This book and the individual contributions contained in it are protected under copyright by the Publisher (other than as may be noted herein). Notice Knowledge and best practice in this field are constantly changing. As new research and experience broaden our understanding, changes in research methods, professional practices, or medical treatment may become necessary. Practitioners and researchers must always rely on their own experience and knowledge in evaluating and using any information, methods, compounds, or experiments described herein. In using such information or methods they should be mindful of their own safety and the safety of others, including parties for whom they have a professional responsibility. To the fullest extent of the law, neither the Publisher nor the authors, contributors, or editors, assume any liability for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions, or ideas contained in the material herein.
    [Show full text]
  • DOE Solar Energy Technologies Program FY 2006 Annual Report
    Solar Thermal R&D Subprogram Overview Frank (Tex) Wilkins, Team Leader, Solar Thermal R&D The Solar Thermal Subprogram comprises two activities: Concentrating Solar Power (CSP) and Solar Heating and Lighting (SH&L). CSP technologies use mirrors to concentrate the sun’s energy up to 10,000 times sunlight to power conventional turbines, heat engines, or other converters to generate electricity. Energy from CSP systems is high-value renewable power, because energy storage and hybrid designs allow it to be provided when most needed. This is particularly important to utilities that need to increase the amount of power available to them during periods of peak demand. The SH&L research activity develops solar technologies that provide hot water for residential and commercial buildings as well as hybrid solar lighting for commercial buildings. Reducing the cost of these two technologies is important to the goal of a reasonably priced zero energy building. R&D sponsored by the Solar Thermal Subprogram is done in collaboration with industry and university partners. Goals and Objectives Concentrating Solar Power CSP systems currently offer solar electricity at about 12¢–14¢/kWh with systems ranging in size from kilowatt-scale to multi-megawatt power plants. A study by the Western Governors’ Association Solar Task Force projected that large CSP systems will be able to produce power at about 5.5¢/kWh with continued R&D and the deployment of 4,000 MW. Our 2012 goal is to reduce the cost of energy from CSP technology to 9¢–11¢/kWh. The 2020 goal is 5¢–7¢/kWh with up to 12 hours of thermal storage.
    [Show full text]
  • USCIS - H-1B Approved Petitioners Fis…
    5/4/2010 USCIS - H-1B Approved Petitioners Fis… H-1B Approved Petitioners Fiscal Year 2009 The file below is a list of petitioners who received an approval in fiscal year 2009 (October 1, 2008 through September 30, 2009) of Form I-129, Petition for a Nonimmigrant Worker, requesting initial H- 1B status for the beneficiary, regardless of when the petition was filed with USCIS. Please note that approximately 3,000 initial H- 1B petitions are not accounted for on this list due to missing petitioner tax ID numbers. Related Files H-1B Approved Petitioners FY 2009 (1KB CSV) Last updated:01/22/2010 AILA InfoNet Doc. No. 10042060. (Posted 04/20/10) uscis.gov/…/menuitem.5af9bb95919f3… 1/1 5/4/2010 http://www.uscis.gov/USCIS/Resource… NUMBER OF H-1B PETITIONS APPROVED BY USCIS IN FY 2009 FOR INITIAL BENEFICIARIES, EMPLOYER,INITIAL BENEFICIARIES WIPRO LIMITED,"1,964" MICROSOFT CORP,"1,318" INTEL CORP,723 IBM INDIA PRIVATE LIMITED,695 PATNI AMERICAS INC,609 LARSEN & TOUBRO INFOTECH LIMITED,602 ERNST & YOUNG LLP,481 INFOSYS TECHNOLOGIES LIMITED,440 UST GLOBAL INC,344 DELOITTE CONSULTING LLP,328 QUALCOMM INCORPORATED,320 CISCO SYSTEMS INC,308 ACCENTURE TECHNOLOGY SOLUTIONS,287 KPMG LLP,287 ORACLE USA INC,272 POLARIS SOFTWARE LAB INDIA LTD,254 RITE AID CORPORATION,240 GOLDMAN SACHS & CO,236 DELOITTE & TOUCHE LLP,235 COGNIZANT TECH SOLUTIONS US CORP,233 MPHASIS CORPORATION,229 SATYAM COMPUTER SERVICES LIMITED,219 BLOOMBERG,217 MOTOROLA INC,213 GOOGLE INC,211 BALTIMORE CITY PUBLIC SCH SYSTEM,187 UNIVERSITY OF MARYLAND,185 UNIV OF MICHIGAN,183 YAHOO INC,183
    [Show full text]