Weekly Clean Energy Roundup:July 21, 2006

News and Events G8 Leaders Address Global Energy Security and Climate Change U.S. Fuel Economy for Cars and Light Trucks Holds Steady in 2006 IRS Certifies Honda Civic GX and GM Hybrids for Tax Credit Rhode Island Approves Bills to Encourage Efficiency and Renewables New Michigan Laws Promote Renewable Fuels and Biomass Energy Reports Note Benefits and Limitations of Using Biofuels Energy ConnectionsFirst Half of 2006 is Warmest on Record for the United States News and EventsG8 Leaders Address Global Energy Security and Climate ChangePresident George W. Bush joined the leaders of the seven other large industrialized democracies in a commitment to address global energy security and climate change at the G8 Summit on Sunday. The G8 leaders?representing the United States, Britain, Canada, France, Germany, Italy, Japan, and Russia?adopted a Plan of Action that addresses a global energy security, including energy efficiency and renewable energy. The plan also notes that the G8 members “will continue to work to reduce greenhouse gases and deal effectively with the challenge of climate change,” listing a number of international initiatives to accomplish that goal. According to the plan, the Kyoto Protocol and other initiatives “are the foundation of our current efforts to address climate […]

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Magnetek Unveils Highest Power-Density Converter

Magnetek, Inc (NYSE:MAG) has introduced the highest power-density “front-end” power supply available for energy-intensive applications. The Company’s new HPD-800(TM) converter packs 800 watts of 12-volt Dc power into a package 9.84 inches long by 2.36 inches wide by 1.65 inches deep, equating to over 20 watts per cubic inch. According to the Company, such high power density is unprecedented in front-end power supplies. In addition, the HPD-800 provides power conversion efficiency in excess of 90% under full load at 230 volts Ac input, minimizing energy consumption as well as system size in broadband, data storage and other power-hungry installations. Integral air cooling enables HPD-800 converters to operate reliably in ambient temperatures up to 50 degrees Celsius over a wide Ac input range (85 to 264 volts), delivering 67 amps of 12-volt Dc output in distributed power architecture systems. Operating singly or in parallel, their ultra-compact “1U” form factor and “hot plug” ability facilitate “hot swap” system design flexibility, while I(2)C (or optional RS485) communications afford completely automatic remote system monitoring and control. Website: http://www.magnetek.com     

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SunPower Reports 2Q 2006 Results

SunPower Corporation (Nasdaq: SPWR) announced that revenue for the second quarter ended June 30, 2006 was $54.7 million, up 30% from the prior quarter’s revenue of $42.0 million and up 233% from the second quarter 2005 revenue of $16.4 million. GAAP net income for the quarter was $5.4 million, or $0.08 diluted earnings per share, compared to last quarter’s net income of $0.3 million or $0.00 per share and the second quarter 2005 net loss of $6.3 million. On a non-GAAP basis, excluding amortization of intangible assets, stock-based compensation and the related tax effects, second quarter net income was $7.5 million or $0.11 diluted earnings per share, compared to the prior quarter’s net income of $2.8 million and the second quarter 2005 net loss of $5.0 million. Tom Werner, SunPower’s CEO, said, “We had a strong quarter and our operating results were significantly ahead of our announced objectives. Thanks to our successful follow-on stock offering, we are well-positioned to accelerate our growth while extending our technological advantages. “SunPower’s manufacturing and R&D teams continue to execute, meeting or beating our goals on all fronts,” stated Werner. “The investment we made in the first quarter to move to thinner wafers, improving our […]

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