Nov 13 (Reuters) – The controversial government program that
funded failed solar company Solyndra, and became a lighting rod
in the 2012 presidential election, is officially in the black.
According to a report by the Department of Energy, interest
payments to the government from projects funded by the Loan
Programs Office were $810 million as of September – higher than
the $780 million in losses from loans it sustained from startups
including Fisker Automotive, Abound Solar and Solyndra, which
went bankrupt after receiving large government loans intended to
help them bring their advanced green technologies to market.
Oct 27 (Reuters) – Jostein Eikeland, a Norwegian
entrepreneur with a mixed record of success, is hoping to jolt
the world of energy storage.
On Tuesday, Eikeland’s latest venture, Alevo, will unveil a
battery that he says will last longer and ultimately cost far
less than rival technologies.
Oct 22 (Reuters) – For years, the utilities responsible for
providing electricity to the nation have treated residential
solar systems as a threat. Now, they want a piece of the action,
and they are having to fight for the chance.
If utilities embrace home solar, their deep pockets and
access to customers could transform what has been a
fast-growing, but niche industry. Solar powers only half a
million U.S. homes and businesses, according to solar market
research firm GTM Research.
HAWTHORNE Calif. (Reuters) – Tesla Motors Inc on Thursday took its first step toward automated driving, unveiling features that will allow its electric sedan to park itself and sense dangerous situations.
The company also said it will roll out an all-wheel drive option of the Model S sedan that can go from zero to 60 miles per hour in 3.2 seconds yet doesn’t compromise the vehicle’s efficiency.
Oct 8 (Reuters) – SolarCity Corp, the largest U.S.
installer of rooftop solar panels, on Tuesday unveiled a new
financing option that for the first time will allow its
customers to claim a lucrative federal tax credit for solar
The company’s new solar loan will be more affordable in most
cases, Chief Executive Lyndon Rive said, than the panel leasing
program that has underpinned SolarCity’s rise over the last
eight years. He expects the uptake to be substantial.
(Reuters) – Tesla Motors Inc (TSLA.O: Quote, Profile, Research, Stock Buzz), led by billionaire entrepreneur Elon Musk, posted better-than-expected fourth-quarter results on Wednesday and said deliveries of its Model S electric sedan would surge more than 55 percent this year.
Tesla shares jumped 11.8 percent to $216.41 in extended trade following the announcement. A day earlier, the stock shot to an all-time high after the San Francisco Chronicle reported that Musk met with Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) head of mergers and acquisitions in 2013.
WASHINGTON/LOS ANGELES, Feb 14 (Reuters) – The United States
took a step on Friday towards potentially extending import
duties on Chinese solar energy products to also cover panels
made with parts from Taiwan in a case that could have a major
impact on the fast-growing U.S. solar market.
The U.S. International Trade Commission found there was
reason to think the imports could harm the local solar industry,
putting Washington on a path toward widening the reach of the
steep duties it slapped on products from China in 2012 and
potentially escalating a tit-for-tat trade spat.
LOS ANGELES/WASHINGTON (Reuters) – American trade officials on Friday will take a first step on potentially extending import duties on Chinese solar energy products to also cover panels made with parts from Taiwan, in a case that could have a major impact on the fast-growing U.S. solar market.
The U.S. International Trade Commission is scheduled to make a preliminary decision at 11 a.m. EST (1600 GMT) on whether there is good reason to think that the imports threaten or injure the domestic solar industry.
/LOS ANGELES (Reuters) – One of the world’s largest solar projects, which uses heat from the sun to generate power in California, opened on Thursday but may be the last of its kind in The Golden State.
Sprawling across 3,500 acres in the Mojave desert near the California-Nevada border, the $2.2 billion Ivanpah solar thermal power plant has more than 300,000 mirrors that reflect sunlight onto boilers housed in the top of three towers, each of which is 150 feet taller than the Statue of Liberty.
LOS ANGELES (Reuters) – SunPower Corp (SPWR.O: Quote, Profile, Research, Stock Buzz) on Wednesday reported a quarterly profit that soared past Wall Street estimates on strong solar demand in the U.S. utility and residential markets, but its 2014 outlook disappointed as investors had hoped for more from the fast-growing company.
SunPower shares fell more than 3 percent in after-hours trade.
After several years of enduring a global oversupply of solar panels, rapidly falling product prices and elusive profits, SunPower is once again making money. Investors have been pleased with the company’s progress and its stock has gained 250 percent since hitting a 52-week low in April 2013.