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Tesvolt is the new commercial storage system supplier for SegenSolar
The German wholesaler SegenSolar has joined forces with the manufacturer Tesvolt for commercial storage systems of 30 kWh and above.
GameChange Solar passes 1GW in single axis tracker support and training expertise
Training and field support team has over 1GW in experience with single axis trackers.
Arno Harris joins Azure Power's Board of Directors
Harris comes on board with over 15 years of experience in the solar sector and has helped the industry make the transition to mainstream energy markets.
Hanwha Q CELLS to Present High Quality, High Performance Products and Next Generation Innovations at 2016 SNEC in Shanghai
Hanwha Q CELLS will present at booth E1-360 from May 24 to 26. Full suite of PV products and solutions to be showcased
IndyCar Driver Stefan Wilson, Inovateus Solar Join Forces for Indianapolis 500 Effort
IndyCar driver Stefan Wilson today announced a solar advocacy partnership with Inovateus Solar, a leading Midwest solar developer, contractor, and supplier, in support of Wilsons entry into the 100th running of the Indianapolis 500. The 26-year-old will be competing for the first time in the event when he takes the wheel of the No. 25 Driven2SaveLives KVRT Chevrolet IndyCar.
For the past several months, Inovateus has advised Wilson on his #ThinkSolar initiative to spread awareness about the proliferation of solar power throughout the world. Expanding their work together in conjunction with the Indy 500 will bring more attention to the fastest-growing clean energy solution.
Weve really found a kindred spirit in Stefan in racing and renewables, said TJ Kanczuzewski, president of Inovateus Solar. We couldn’t pass on an opportunity to support him. Stefans passion for solar inspires his Indy race fans as well as the Inovateus team, and we wish him the best of luck in this years race."
Stefan echoed TJs excitement about joining forces with Inovateus for his debut appearance in the worlds greatest automobile race.
Having Inovateus Solar onboard represents the culmination of a lot of hard work, said Wilson. Theyve been very supportive of my solar campaign, and to have them join us with Driven2SaveLives means a lot. Both causes represent building a brighter tomorrow, innovating new energy solutions, and saving lives. I feel very fortunate to partner with them.
As part of its solar advocacy support for Stefan, Inovateus will offset the carbon footprint of his Indy 500 campaign through donations of solar lights to African families via LetsThinkSolar.com and SolarAid.
As part of its solar advocacy support for Stefan, Inovateus will offset the carbon footprint of his Indy 500 campaign through donations of solar lights to African families via LetsThinkSolar.com and SolarAid.
As for Stefan Wilson, his dream of partaking in the biggest car race of them all is about to come true. He will step into his No. 25 Driven2SaveLives KVRT Chevrolet IndyCar for his first practice runs at the Indianapolis Motor Speedway on May 16. Qualifying begins May 21, with the legendary Indy 500 cry of gentlemen, start your engines echoing through the Brickyard on May 29.
CVD Reports First Quarter 2016 Results
CVD Equipment Corporation, a leading provider of chemical vapor deposition systems, today announced its first quarter 2016 financial results.
Total revenue for the three months ended March 31, 2016 was $5.0 million compared to $9.7 million in the first quarter of 2015, a decrease of 48.5%. One customer represented 58.8% and 54.6% of our revenue for the three months ended March 31, 2016 and 2015, respectively. With the near completion of outstanding contracts, we are focused on booking significant follow-on business with that customer as well as opportunities with new and other customers. Operating loss was $0.5 million compared to operating income of $1.2 million in the same period in 2015. Net loss of $338,000, or $0.05 per diluted share, was lower than net income of $668,000, or $0.11 per diluted share in the first quarter of 2015.
Total revenue for the three months ended March 31, 2016 was $5.0 million compared to $9.7 million in the first quarter of 2015, a decrease of 48.5%. One customer represented 58.8% and 54.6% of our revenue for the three months ended March 31, 2016 and 2015, respectively. With the near completion of outstanding contracts, we are focused on booking significant follow-on business with that customer as well as opportunities with new and other customers. Operating loss was $0.5 million compared to operating income of $1.2 million in the same period in 2015. Net loss of $338,000, or $0.05 per diluted share, was lower than net income of $668,000, or $0.11 per diluted share in the first quarter of 2015.
We have made significant progress in our negotiations for a sizable order with our large aerospace customer, said Leonard Rosenbaum, President and Chief Executive Officer. While this does not immediately translate into a formal purchase order, we are continuing to move closer to a positive outcome which we expect in the near term. In the meantime, we have our resources and attention focused on pursuing other opportunities that should extend our market reach and improve our backlog for the second half of the year.
New orders for the first quarter were $2.3 million compared to $5.2 million in orders in 2015, resulting in a backlog of $3.4 million as of March 31, 2016 compared to $16.6 million as of March 31, 2015. Approximately $0.4 million or 11.8% of the first quarter 2016 backlog is from our largest customer as compared to $9.7 million or 58.4% from that same customer in 2015.
New orders for the first quarter were $2.3 million compared to $5.2 million in orders in 2015, resulting in a backlog of $3.4 million as of March 31, 2016 compared to $16.6 million as of March 31, 2015. Approximately $0.4 million or 11.8% of the first quarter 2016 backlog is from our largest customer as compared to $9.7 million or 58.4% from that same customer in 2015.
The Company will hold a conference call to discuss its results today at 4:30 pm (Eastern Time). To participate in the live conference call, please dial toll free (877) 407-0784 or International (201) 689-8560. A telephone replay will be available for 7 days following the call. To access the replay, dial (877) 870-5176 or (858) 384-5517. The replay passcode is 13636584.
Trina Solar’s Chief Scientist Dr. Pierre Verlinden Receives William R. Cherry Award
Trina Solar today announced that Dr. Pierre Verlinden, its Vice President and Chief Scientist, the Vice-Chair for the State Key Laboratory of Photovoltaic Science and Technology (SKL PVST) will receive the 2016 William R. Cherry Award (the "Award"), one of the most distinguished awards in the solar photovoltaic (PV) energy industry, at the 43rd IEEE Photovoltaic Specialists Conference in Portland, USA on June 6th.
TUV SUD Issued CTF Lab Qualification to JA Solar
TUV SUD Group today announced that it issued a lab qualification of Customers’ Testing Facilities (CTF) to JA Solar Holdings Co., Ltd. The CTF lab qualification is widely viewed by the PV industry as the recognition for the excellence in quality control and professionalism lab testing capabilities.
CTF qualification signifies that the lab test results of solar PV products can be directly embodied in a CB (Certification Bodies’ Scheme) report issued by TUV SUD, thus promoting market recognition of the products, as well as demonstrating the professional lab testing capability of the enterprise. More information on CTF is available on the IEC official website.
CTF qualification signifies that the lab test results of solar PV products can be directly embodied in a CB (Certification Bodies’ Scheme) report issued by TUV SUD, thus promoting market recognition of the products, as well as demonstrating the professional lab testing capability of the enterprise. More information on CTF is available on the IEC official website.
Dr. Xinming Huang, VP of quality control at JA Solar, commented, "as one of the leading manufacturers of high-performance solar products, JA Solar is honored to have our PV module testing laboratories located in our Shanghai and Hefei manufacturing sites been CTF qualified. TUV SUD is a globally recognized testing, inspection and certification agency, and the designation should further showcase JA’s name brand recognition and make our products quality more reputable."
Dr. Huang continued, "Our module testing laboratory plays a pivotal role in product quality control and the introduction of new materials and products at JA. This CTF lab qualification is another testimony of JA Solar’s outstanding product quality control."
Dr. Huang continued, "Our module testing laboratory plays a pivotal role in product quality control and the introduction of new materials and products at JA. This CTF lab qualification is another testimony of JA Solar’s outstanding product quality control."
Mr. Hailiang Xu, Chief PV Inspector of the TUV SUD Greater China Region, commented, "The CTF lab qualification represents the third upgrade of a JA lab in TUV SUD. Each upgrade recognizes JA’s lab management and testing capabilities, and lab compliance with IECEE/CB regulation."
"CB test report and certification are technical quality requirements for solar PV products worldwide. Previously, almost all CB testing reports could only be obtained from third-party testing agencies. With the factory lab CTF qualification, JA Solar can now obtain a CB test report either from TUV SUD or from its own CTF qualified testing lab. This is a significant achievement in the solar industry."
"CB test report and certification are technical quality requirements for solar PV products worldwide. Previously, almost all CB testing reports could only be obtained from third-party testing agencies. With the factory lab CTF qualification, JA Solar can now obtain a CB test report either from TUV SUD or from its own CTF qualified testing lab. This is a significant achievement in the solar industry."
Benu Energy helps South Gloucestershire Council to reduce energy costs
Benu Energy helps South Gloucestershire Council to reduce energy costs.
O&M Guidelines launch at Intersolar Europe
SolarPower Europe together with its members are publishing Operations & Maintenance (O&M) Guidelines at Intersolar Europe on the 23rd of June 2016.
