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SolarWorld Reports Record First Quarter Profits

SolarWorld AG reports a five fold increase in profit for the first quarter of 2005 (7.4 million euros) compared with the first quarter last year (1.47 million euros). The first quarter tends to generate below average results because of the seasonal nature of the business, but the company still had record revenues of 57.9 (Q1 2004: 35.4) million euros. Due to the rise in national and international solar energy business, combined with the Group’s consistent cost management, earnings before interest, taxes, depreciation and amortization (EBITDA) climbed to 17.7 (Q1 2004: 6.9) million euros.

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Japan: FuelCell Energy's Power Plant Running on Waste

FuelCell Energy Inc. (NasdaqNM:FCEL) announced that one of its 250-kilowatt Direct FuelCell (DFC) power plants, sold by its Asian distributor Marubeni Corporation (TSE:8002 – News), will supply power as part of the electric grid servicing a school, a hospital, apartment buildings and city hall in a planned, renewable energy community on the western coast of Japan. In keeping with the Kyoto Eco-Energy organization’s desire to balance intermittent power generated by sources such as wind and solar, a 250 kilowatt DFC plant will convert waste from a food processing plant into high quality electricity. Heat energy produced by the power plant also will be used to warm water flowing into the food waste digestion process, thus increasing overall system efficiency. Kyotango City’s DFC power plant is part of an 850-kilowatt mini-grid consisting of the fuel cell unit, a wind turbine, photovoltaics and gas engines connected in parallel to the local electrical grid. Acknowledging the environmental advantages of the project, Japan’s New Energy and Industrial Technology Development Organization (NEDO) is supporting the capital and installation cost. “The Eco-Energy Project is ideal for a DFC power generation plant,” said Marc G. Aube, Marubeni Vice President. “Its ultra-clean, highly efficient generation process provides a […]

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