Warning: error_log(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/bdurrell/public_html/assetise.com/error/error.php on line 115 Warning: error_log(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/bdurrell/public_html/assetise.com/error/error.php on line 115 Warning: error_log(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/bdurrell/public_html/assetise.com/error/error.php on line 115 Warning: error_log(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/bdurrell/public_html/assetise.com/error/error.php on line 115 Warning: error_log(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/bdurrell/public_html/assetise.com/error/error.php on line 115 [Noah's Classifieds] - Day4 Energy CEO Steps Down; Company Lays Off 28 Workers
Please register or log in.
Item details add to favorites
Category Pickups
No Picture
Created 2015-05-25
Owner weijing3333
Title Day4 Energy CEO Steps Down; Company Lays Off 28 Workers
Description Img source:portable storage unit Day4 Energy Inc., a provider of solar photovoltaic products, says Dr. John MacDonald, chairman and CEO, has resigned as CEO. The board of directors has appointed George Rubin to the role of president and CEO. MacDonald will continue in his role as Day4 Energy's chairman of the board.For the third quarter, the company reported revenues of $14.5 million, a decrease of $26.8 million - or 65% - from the same quarter in 2010 and by a decrease of $8.8 million - or 38% - from the second quarter of this year. The gross loss was 20.4%, and net loss was $9.3 million. "Today, the PV industry is in the midst of a deep crisis," MacDonald says. "The European sovereign debt issue, an uncertain U.S. economic recovery and severe PV module overcapacity due to a dramatic manufacturing expansion over the prior year have all contributed to a perfect storm in our industry."The company initiated a reduction in workforce during the fourth quarter, affecting approximately 28 people located primarily within its British Columbia offices. Once this reduction in workforce is complete, Day4 Energy and its subsidiaries will employ 108 full-time employees globally.In addition, Day4 has signed a letter of intent to merge its operations through a plan of arrangement with Ever Energy Ltd., a Taiwan-based manufacturer of solar cells that is majority owned by Wangs Brother Motor Co. Ltd. ABB has announced it will acquire Powercorp, an Australian renewable power automation company. According to ABB, the acquisition is intended to help the company manage the integration of renewable energy resources, such as solar power.Powercorp offers automation and intelligent control solutions to manage renewable energy generation in isolated grids, ensuring utility-grade power quality and grid stability, which ABB says enables very high levels of solar power penetration into isolated diesel-powered grids, thus reducing emissions and dependency on fossil fuels.Powercorp has installed several systems to integrate renewable power into remote grids and keep generation in balance with consumption. The company also supplies systems that store and release energy in response to frequency and voltage deviations in order to stabilize small or remote grids.The transaction is expected to close before year-end. Local Power Inc. says it has received a notice to proceed from the San Francisco Public Utilities Commission (SFPUC) to write several requests for proposals (RFPs) to deploy a minimum of 210 MW of distributed renewable and demand-side in-city energy technologies to serve San Francisco residents and businesses by 2017 for the CleanPowerSF program.According to the company, this work will fulfill a decade of voter-approved mandates and board of supervisors' ordinances to provide a 51% renewable portfolio standard by 2017, while maintaining competitive utility bills.Local Power will prepare the RFPs after completing a cost model, a deployment schedule, and documentation of potential development sites. Germany's millionth photovoltaic system is now connected to the power grid, according to industry group BSW-Solar. The milestone installation is located on the roof of the Institute for Sports Equipment Research and Development (Institut fur Forschung und Entwicklung von Sportgeraten in Berlin."When photovoltaics first took off in Germany and the thousand-roof program was launched in the fall of 1990, nobody expected that we would already reach the one-million-system mark by 2011," says Prof. Dr. Klaus Topfer, executive director of the Institute for Advanced Sustainability Studies in Potsdam.For this year, BSW-Solar expects an expansion of photovoltaic capacity by around 5 GW and that total installed capacity could reach 22 GW. Currently, solar power systems in Germany cover approximately 3% of gross electricity consumption. more info:grid storage system
Consumption  
Broken No
Price  
Promotion level None
Reply to this posting
Email this to a friend