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Evergreen Solar Gets $100M Contract

Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of solar power products with its proprietary, low-cost String Ribbon(TM) wafer technology, announced it has entered into a four-year supply contract with Mainstream Energy, LLC, which has systems integration and distribution subsidaries involved in the sales, distribution and installation of residential and commercial solar electric systems nationwide. Under the terms of the agreement, Evergreen Solar will ship approximately $100 million of photovoltaic modules to Mainstream Energy over the next four years. “We continue to align ourselves with recognized leaders in the solar industry,” said Terry Bailey, Evergreen Solar’s Senior VP Marketing and Sales. “Mainstream Energy will play a significant role in our effort to further penetrate the U.S. marketplace. The size of the deal also reflects our confidence in achieving our current expansion plans and is further affirmation of the prospects for our String Ribbon technology.” “Evergreen Solar represents an important strategic partner for us,” stated David Katz, President of AEE Solar, a Mainstream Energy subsidiary. “We value their commitment to innovation and long-term vision for the industry. We view them as a solar technology pioneer that is making considerable strides in improving cell efficiencies and more importantly, lowering the overall costs of […]

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Western Geopower to Build 25.5MW Powerplant

Western GeoPower Corp., a renewable energy company focused on geothermal energy development, announced its intention to build a 25.5 megawatt power plant at The Geysers Geothermal Field located 75 miles north of San Francisco. The plant is projected to commence operations in late 2009 and will be called Western GeoPower Unit 1. It will supply about 200,000 MW of baseload electricity to the California market. Total development costs, including power plant, gathering system, transmission system, administrative and finance charges, have been estimated at US$90 million. Western GeoPower has launched efforts to secure funding for the entire field and plant development. On September 26, 2006, California adopted a new Renewables Portfolio Standard (RPS) that requires regulated utilities to produce at least 20% of their electricity supply from renewable energy by 2010, advancing the goal from 2017. Western GeoPower has submitted power sales bids in response to Requests For Proposals issued by several California utilities that are expected to conclude Power Purchase Agreements early in 2007. A feasibility study prepared by independent consultant, GeothermEx, Inc. of Richmond, California projects that the Unit 15 leasehold will commercially support a 25.5 megawatt (net) power plant for a minimum of 20 years, with generation continuing […]

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EarthShell Signs Agreement with Sodexho

EarthShell® Corporation (OTCBB:ERTH), innovators of environmentally preferable foodservice disposables made from corn, potatoes and limestone, announced it signed an agreement with Sodexho to supply EarthShell Packaging to U.S. Sodexho accounts. The agreement designates EarthShell as a preferred supplier. With this agreement in place, EarthShell and its licensee, ReNewable Products, Inc. (RPI) can sell EarthShell products to interested Sodexho account locations. The Company is currently orienting key Sodexho personnel to the availability and benefits of EarthShell Packaging products. Over the next quarter, Sodexho will be notifying its customers and distributors, such as Sysco, that environmentally preferable EarthShell products are now available. Two Sodexho locations, Allegheny College and Toyota Motor Sales have placed small initial orders for EarthShell plates and bowls to gain immediate experience with the product and its notable performance. Sodexho, Inc. (www.sodexhoUSA.com) is the leading provider of integrated food and facilities management in the U.S., Canada and Mexico, with $6.3 billion in annual revenue and 125,000+ employees. EarthShell Corporation is engaged in the licensing and commercialization of proprietary composite material technology for the manufacture of foodservice disposable packaging, such as plates, bowls and cups. In addition to certain environmental characteristics, EarthShell Packaging is designed to be cost and performance […]

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Enterprise Rent-A-Car to Plant 50M Trees in 50 Years

To mark its 50th anniversary, Enterprise Rent-A-Car has pledged the unprecedented gift of 50 million trees to The National Arbor Day Foundation. Enterprise will underwrite the planting of 50 million trees over the next 50 years at a total cost of $50 million in today’s dollars. The pledge signifies a long-term commitment to help restore national forests that have been destroyed by fire, disease and to re-build natural habitats. The first trees – several small White Pines – were planted in the Mark Twain National Forest in southern Missouri. “This gift couldn’t come at time of greater need,” said John Rosenow, President of The National Arbor Day Foundation. “Last year was the worst forest fire season in history. And unfortunately, 2006 is on pace to be even worse. This gift from Enterprise – the largest gift we’ve ever received – gives us the flexibility to respond quickly to forests damaged not only by fire, but also by storms, disease, and other causes.” Each year for the next 50 years, with funding provided by the Enterprise Rent-A-Car Foundation, The National Arbor Day Foundation will work with the U.S. Forest Service to plant 1 million trees in National Forests around the country. […]

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