Intermagnetics Q3 Earnings Virtually Flat
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The Philippines will become the regional manufacturing hub for photovoltaic cells in Asia when a $300-million solar wafer manufacturing plant is inaugurated Thursday. The plant is located in the Laguna Technopark in Bian, Laguna. The $300-million facility, the first of its kind in Asia, brings the Philippines at par with other countries because this plant will produce the worlds highest-performance silicon solar cells, Energy Secretary Vincent Perez Jr. said, noting that it is expected to supply 6 percent of the worlds total available market for photovoltaic industry. 8 million wafers will produced annually (25 megawatts of solar-powered electricity at 3.1 watts per wafer). Production is expected to increase to 48 million wafers by 2007 (150 megawatts) of solar electricity. The plant will produce high-efficiency solar cells, the raw materials for solar panels and modules. Perez said, The high cost of imported materials is one of the major barriers in the development of solar-based technologies. We are optimistic that the operations of this wafer manufacturing plant will help bring down the costs of solar energy in the country that will eventually redound to a more affordable solar energy. The facility is a project of the US Department of Energy's Energy Policy […]
Melting permafrost, high levels of toxic chemicals, fragmentation of wildife habitat – the Arctic environment is under stress, and unless decisionmakers in industralized European countries address these issues, the region is due for some drastic changes, a new study reveals. In a joint report, the European Environment Agency (EEA) and UN Environment Programme (UNEP) said Monday that the northern polar region faces a range of threats from unsustainable development, pollution and climate change. The European Union bears much of the responsibility for these threats and must take action quickly, the report warns. "Today it is industrialized countries, including the EU nations, that are the main users and the main sources of pollution affecting the region," said EEA chief Jacqueline McGlade. "The EU in particular has the potential to take a leading role in catalyzing the response on Arctic nations." The report was compiled by experts at the UNEP GRID Arendal center in Norway. It shows that once abundant fish species are being overharvested, and unique plant and animal species are under threat or disappearing due to climate change. Pollutants, some known to be cancerous, are present in key Arctic species, "causing great concern for human health," the report says. The […]
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Millennium Cell Inc. (NASDAQ: MCEL), a technology development company with a proprietary process to store, generate and deliver pure hydrogen, announced today that CEO Stephen S. Tang, Ph.D. will resign effective March 19. Dr. Tang resigned to pursue other interests. David Ramm will serve as CEO and President until a permanent successor is selected. Ramm is a principal of DKR Development, a renewable energy consulting and project development firm, and is a director of Millennium Cell. He was managing director of Enron Renewable Energy, and then President of Enron Wind Corp. Previous to that he was CEO of International Fuel Cells Corporation, a unit of United Technologies Corporation. Dr. Tang said, "It has been an honor and privilege to have built and grown Millennium Cell for the past four years and see it through its initial public offering, two follow on financings and its early technology and commercialization challenges. I am particularly proud of the Hydrogen on Demand(TM) process that has been developed by Millennium Cell and being applied to standby power, military portable, consumer electronic and transportation applications." Founded in 1998, Millennium Cell is based in Eatontown, N.J. and has developed a multi-faceted patent portfolio, which Millennium Cell is […]
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