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Long Island Power Authority Issues RFP for Nation's First Fuel Cell Cogeneration Project

Long Island Power Authority (LIPA) Chairman, Richard M. Kessel and KeySpan Corporation Chairman & CEO, Robert B. Catell issued a Request for Proposals (RFP) for the construction and operation of a fuel cell cogeneration project capable of producing 5 megawatts (MW) of electricity. This project would be the first of its kind in the nation and may, when completed, be the largest commercial fuel cell system in the world. The proposed new fuel cell will open a new phase in improving regional air quality. A fuel cell project of this size will also help Long Island meet the Renewable Portfolio Standard (RPS) goal that has been set by New York State for the utilization of green energy technologies that are environmentally friendly. The thermal energy produced by the fuel cell will be sold by LIPA to KeySpan Energy Delivery Long Island (KEDLI) and will be used by KEDLI in place of thermal energy provided by standard heaters to warm natural gas as required by its normal gas distribution practices. Fuel cell technology has been part of LIPA’s Clean Energy Initiative (CEI). The CEI is a 10-year, $355-million commitment to promote clean, renewable electric generation technologies, energy conservation and efficiency.

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Wal-Mart to Open First High-Efficiency Store

Wal-Mart’s (NYSE: WMT) new Kansas City, Mo. store opens today – the first in a series of High-Efficiency stores that will use 20 percent less energy than a typical Supercenter. The new High-Efficiency stores will integrate industry-leading heating, cooling and refrigeration systems to conserve energy. “Just over a year ago, our CEO Lee Scott challenged our associates to open a store that was 25 to 30 percent more efficient by 2009,” said John Menzer, vice chairman, Wal-Mart Stores. “The Kansas City High-Efficiency store is the first of its kind, and shows Wal-Mart is capable of operating stores, clubs and distribution centers in a way that saves energy, lowers utility costs, reduces emissions, and above all, provides a better shopping experience for our customers.” In 2005, Wal-Mart opened two experimental stores in McKinney, Texas, and Aurora, Colo., to test several different environmentally friendly technologies, ranging from wind power to pervious pavement, from waterless urinals to light-emitting diodes. The aim was to experiment with innovative technologies, with the intention that they could some day be incorporated into a store prototype. The Kansas City High-Efficiency store is the first store to bring some of these experiments from the preliminary testing phase to a […]

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AMSC Signs 3 MW Wind Contract for South Korean

American Superconductor Corporation (NASDAQ: AMSC) has signed a contract to develop a 3 megawatt (MW) wind energy system for Doosan Heavy Industries & Construction Co., Ltd. of South Korea, an engineering, procurement and construction contractor with 5,000 employees worldwide. Under the terms of the $2 million contract, AMSC’s subsidiary, Windtec), will develop a wind energy system for Doosan and support the assembly and installation of the first prototype. Doosan plans to begin series production of these systems late in 2009. Windtec also has the right of first refusal for all future 3 MW wind turbine electrical systems from Doosan, creating a significant follow-on business opportunity for Windtec. AMSC and its Windtec subsidiary have strong core competencies in wind turbine systems, rotating machinery, power electronics and power grid engineering, which providing a strong foundation for developing state-of-the-art wind energy systems for companies such as Doosan. The deal represents Windtec’s first 3 MW system development contract and its first entry into the South Korean renewable energy market. The South Korean government plans to generate approximately five percent of its total power from wind, solar and tidal systems by 2011, up from approximately 2 percent currently. “AMSC’s Windtec subsidiary brings unique capabilities that […]

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Hoku & Sanyo Enter Polysilicon Supply Contract

Hoku Materials, a division of Hoku Scientific, Inc. (NASDAQ:HOKU) established to manufacture polysilicon for the solar market, announced it has signed a contract with Sanyo Electric Company, Ltd., to supply polysilicon to SANYO over a seven-year period beginning in January 2009. Under the contract, up to approximately $370 million may be payable to Hoku during the seven-year period, subject to the achievement of milestones, the acceptance of product deliveries and other conditions. The contract provides for the delivery of predetermined volumes of polysilicon each year at set prices from January 2009 through December 2015. The contract also provides for an initial direct deposit of $2 million to Hoku upon signing and requires that SANYO place approximately 30% of the total purchase amount in an escrow account with Bank of Hawaii. Under the agreement, the escrowed funds are to be released to Hoku in installments, subject to Hoku’s successful achievement of certain polysilicon quality and production volume milestones and other conditions. Hoku plans to build a plant capable of producing 2,000 metric tons of polysilicon per year. Hoku estimates that the establishment of this larger facility may require total construction costs of approximately $260 million. In connection with the financing of […]

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