Ocean Power Technologies(OPT), the American wave energy company which started commercial operations in 1994, reported today on the six months ending on October 31 2016. Revenue was US $ 0.4million (US $ 0.6 m for the six months ending 31 Oct.2015). Net loss for the period was US $ 4.8m (2015a loss of US $ [...]
At the AGM on 2 December, Carnegie Wave Power (CWP) shareholders voted overwhelmingly to change the Company name to Carnegie Clean Energy (CCE) in recognition of Carnegie’s broadening focus on clean energy. Carnegie is an interesting company. To begin with, it is an Australian company, quoted on the ASX, not huge - it has a [...]
According to the latest report by the International Energy Agency (IEA), in 2015 the total growth in annual renewable electricity capacity, at 153 gigawatts (GW) was greater than ever before. This total included record increases in both onshore wind (63 GW) and solar photovoltaics (49 GW) as price reductions make turbines and solar panels increasingly [...]
Sabien Technology a specialist in energy efficient technologies, has released its preliminary results for the year to 30 June 2016. At first glance, key results look worse than last year. Sales for the year were £0.88m (2015: £1.74m), Loss before tax was £1.62m (2015: £0.57m loss) Net cash balance was £0.24m (2015: £1.17m). But the [...]
On 18 October Quadrise Fuels International listed 42,500,000 new shares. These shares are worth just over £4 million, and, with a further £1million raised from additional shares offered to existing shareholders, that will make £5 million of fresh capital. This sum is very roughly equivalent to the loss contained in the Annual Report for the [...]
The opponents of fracking often claim that the British Government is “bribing” local communities to accept fracking in their area by promising them a share of the money paid to the government by the companies concerned. Bribery is a pretty emotive term and it seems to be used in ignorance of the substantial academic literature [...]
On Tuesday 11 October, ITM Power formally opened its third hydrogen refuelling facility. It is the first of its kind, using solar energy from a PV array to make renewable hydrogen on-site. Like the two stations opened earlier in Sheffield and Teddington, this is a specialised facility, at the Centre of Engineering Manufacturing Excellence (CEME) [...]
Earlier this week (30June 2016), NextEnergy Solar Fund ltd reported on the financial year to 31 March 2016. The news was somewhat mixed. The 6.31p dividend forecast for the year ending 31 March 2017 was an improvement on the 6.25p paid this year. But this was off-set by a decline in the share price from103.3 [...]
Porvair plc, the specialist filtration and technology group, has announced results for the six months ending on 31 May 2016. Overall, the results are rather better than those for the same period last year. Interestingly, revenue is only roughly equivalent to that for the same period two years ago, but profitability is up and the [...]
The recent news that SSE, the electricity generator, is selling half of its Clyde Wind farm to a consortium of Greencoat UK wind, the sector-focused investment fund, and two pension funds is but the latest affirmation of the crucial difference between developing and running a wind farm project. Getting a project up and running, dealing [...]