Posts Tagged ‘Renewable energy’

ASX Company News: Enerji Enters Joint Venture with Poseidon Nickel

Friday, October 28th, 2011

Emerging green power utility, Enerji Limited (ERJ) has entered into a memorandum of understanding with Poseidon Nickel Ltd, the developer of the largest high grade nickel sulphide deposits of any exploration and development company in Australia. Under the MoU Enerji will provide assistance to Poseidon on aspects of its feasibility study relating to power generation and specifically the implementation of a waste heat recovery system based around an Opcon Powerbox. Following a successful feasibility study and subject to some site conditions being met, Enerji and Poseidon will enter into bona fide negotiations for a power purchase agreement. Construction of the powerhouse and the associated waste heat recovery system would commence in the second half of 2012. The addition of an Opcon Powerbox will provide up to 700kW of fuel and emissions free power to Poseidon’s Windarra powerhouse. This power will assist in meeting the additional power requirements for its recently announced plans to double mine throughput as well as reducing fuel consumption and green house gas emissions.

“Enerji is very pleased to be assisting Poseidon with the clean energy aspects of its substantial redevelopment of the Windarra mine. This is a text book application of our waste heat recovery system for a mine located in the Northern goldfields of WA where diesel is the only option for power generation” said Enerji CEO Greg Pennefather. Poseidon’s Chief Executive Officer, Mr David Singleton said “Poseidon is committed to applying innovative practices to developing the Windarra project. We believe that the Enerji solution to waste heat recovery will deliver real benefits to our shareholders and help to minimise our environmental footprint”.

Poseidon is a nickel sulphide exploration and development company which is focussed on producing its first concentrate from the Mt Windarra mine in 2013. The Company is currently refurbishing the Mt Windarra mine and is completing the drilling and JORC resourcing of the Cerberus Nickel Deposit discovered in 2008.

Enerji Limited is an emerging Perth-based green power utility company focussed on commercialising the Opcon Powerbox in Australia. The Opcon Powerbox cogeneration technology transforms waste heat into electricity and therefore creates significant energy cost savings and reduced CO2 emissions for its customers. Enerji has exclusive sales and distribution rights for the Opcon Powerbox in Australia and options for Malaysia, Thailand, Singapore and Sub-Saharan Africa. The Opcon Powerbox, manufactured in Sweden by Opcon, represents a significant commercial opportunity through application to industrial, mining and power generation operations. Enerji plans to maximise this opportunity and generate shareholder returns through long-term power purchase agreements.

www.enerji.com.au

http://www.traderdealer.com.au/fundamentals/erj

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ASX Company News: CBD Energy To Manage AusChina Renewable Energy Joint Venture

Friday, September 2nd, 2011

Diversified renewable energy company, CBD Energy (CBD), has signed an agreement to participate in the day to day management of the AusChina Energy Joint Venture and in particular, the execution of AusChina’s objective of owning one third of Australia’s renewable energy base by 2020. AusChina intends to acquire or develop A$6 billion of projects over the next eight years. The management agreement entitles CBD to annual compensation equal to 0.5% of AusChina’s assets. At present, AusChina is assessing several opportunities, including both operating wind farms as well as development sites in Australia, and expects to make its first asset acquisition in coming weeks. AusChina is the culmination of several years of discussions and relationship building by each shareholder – CBD Energy and two of China’s biggest renewable energy companies, Datang and Tianwei. AusChina provides CBD with a significant opportunity to take part in the increasing role that large scale renewables will play in meeting Australia’s energy requirements and 2020 renewable energy targets.

CBD Managing Director, Mr Gerry McGowan, said it was a privilege for CBD to be in partnership with two very significant Chinese companies which bring size, expertise and a competitive cost base to the renewable energy sector. “The extent of goodwill between the partners is promising for AusChina’s ambitions to be a major participant in Australia’s renewable energy sector,” Mr McGowan said.

CBD is Australia’s emerging leader in renewable energy, enabling the efficient use of renewable energy, for utilities, businesses and households, through operations in wind, solar, energy storage and engineering. AusChina Energy Group has been established by two of China’s largest renewable energy businesses and CBD Energy to develop renewable energy projects. It is a stapled entity which comprises a company (AusChina Energy Development Limited) which will be stapled to a unit trust (AusChina Energy Development Trust), with this stapled entity being owned by the joint venture partners. Ownership of the joint venture is Datang Renewable 63.75 per cent, Tianwei Baobian 12.50 per cent and CBD Energy 23.75 per cent.

www.cbdenergy.com.au

http://www.traderdealer.com.au/fundamentals/cbd

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ASX Company News: Mission New Energy Secures $100 million Renewable Fuel Contract

Tuesday, May 3rd, 2011

Mission NewEnergy Limited (MBT), a global leader in providing energy from renewable sources, is pleased to announce that it has signed a contract to supply sustainability-certified product to a major international producer and distributor of refined oil products. Contract revenue should exceed, $100 million. The contract will commence in May 2011 and should continue through the second quarter of 2012 subject to an initial three-month trial period.

“This is the culmination of two years of work by the Mission team in collaboration with International Sustainability & Carbon Certification System (ISCC) and FELDA. We are really proud to become the only certified supplier of palm-based products into the European market. It has opened a new market for us and we are currently in negotiations with several other buyers for our certified product,” said Nathan Mahalingam, Group CEO of Mission. “We expect sales under this contract, and others under negotiation, to absorb all of the ISCC-certified feedstock that FELDA can supply to Mission over the next year,” Nathan added.”

Under the arrangement, Mission and FELDA are aggressively working together to extend the certification program to additional FELDA mills and plantations, further expanding the available supply of ISCC certified product through Mission’s refineries and creating opportunities for further Mission  revenue growth.

Mission NewEnergy Limited is a global provider of sustainable, renewable energy. Operating in Asia, India, Australia, Europe and North America, Mission NewEnergy is an integrated biodiesel producer and one of the world’s largest Jatropha plantation companies. Jatropha Curcas, an inedible biodiesel feedstock, is being cultivated by Mission’s contract farmers on arid, marginal lands. Through the realization of Jatropha by-product value Mission is working towards a zero cost of fuel source.

www.missionnewenergy.com

http://www.traderdealer.com.au/fundamentals/mbt

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ASX Company News: CBD Energy Enters Chinese Renewable Energy Joint Venture

Wednesday, April 13th, 2011

Diversified renewable energy company, CBD Energy Limited (CBD), is preparing to sign final documents in relation to its joint venture with two of China’s largest renewable energy companies.   The documentation is the outcome of a strategic co-operation agreement announced to the ASX on 26 May 2010.

The joint venture documents, to be signed at a ceremony in Sydney on Monday 18 April 2011, establish a new stapled entity which will comprise a company (AusChina Energy Development Limited) which will be stapled to a unit trust (AusChina Energy Development Trust), with such stapled entity to be owned by the joint venture partners.  The partners are China Datang Renewable Power Co Ltd, Tianwei Baobian Electric Co Ltd and CBD.

Ambitions of the AusChina Energy group are to develop A$6 billion of renewable energy projects over eight years and to become a significant participant in the Australian energy market. The two Chinese joint venture partners are subsidiaries of companies ranked in the Fortune Global 500.

Of these parent companies, Datang Group is China’s second largest utility, with a generating capacity twice that of Australia and the Tianwei Group is one of the largest solar, wind and electrical equipment producers in China.

Participating in the signing ceremony will be senior executives at the head of the parent companies as well as the joint venture partners.  CBD will release more details of the joint venture agreement when documents are completed and signed on 18 April.

www.cbdenergy.com.au

http://www.traderdealer.com.au/fundamentals/cbd

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ASX Company News: Carnegie Wave Energy To Develop Wave Farm In Ireland

Thursday, September 30th, 2010

Wave Energy developer Carnegie Wave Energy Limited (CWE) is pleased to announce the signing of a formal Collaboration Agreement with Sustainable Energy Authority Ireland’s (SEAI) Ocean Energy Development Unit (OEDU) to jointly develop a Wave Energy Project at the Belmullet Wave Energy Test Site, and other locations in Ireland. The three year Agreement appoints Carnegie as a developer for the Ocean Energy Project and represents a major step forward towards the commercial testing and roll out of the CETO Wave Technology in Ireland.

Carnegie’s Ireland-based and newly appointed Executive Director, Kieran O’Brien, said, “This represents the culmination of over 12 months of collaboration with the SEAI. Carnegie looks forward to continuing to work with the SEAI and the Project partners to plan, install and commission the commercial test site as the first step for commercial roll out of CETO in Ireland”. Carnegie’s Managing Director and Chief Executive Officer, Dr Michael Ottaviano, said, “We are pleased to continue to make progress on targeting the most attractive locations for our initial CETO wave energy projects. The Irish Government has clearly signaled that wave energy is on the radar with grant and tariff incentives and aggressive targets.”

The Sustainable Energy Authority of Ireland (SEAI) was set up by the Irish Government in 2002 as Ireland’s national energy authority. The SEAI’s mission is to play a leading role in transforming Ireland into a society based on sustainable energy structures, technologies and practices. Carnegie Wave Energy Limited is an Australian, ASX-listed (CWE) wave energy technology developer. Carnegie is the owner and developer of the CETO Wave Energy Technology intellectual property.

www.carnegiewave.com

http://www.traderdealer.com.au/Fundamentals/cwe

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Bluglass Secures Government Funding For Solar Development

Thursday, October 22nd, 2009

Australian semiconductor innovator BluGlass Limited (BLG) announced that the company has been awarded $4.96 million of Commonwealth Government funding to assist with the development and commercialisation of its high efficiency thin-film solar cell technology.

“The Government backing is a major vote of confidence in BluGlass’s technology. This will see Australian technology return to the forefront of solar innovation and adoption as Australia leads the way on climate change mitigation,” said BluGlass CEO Giles Bourne today.

The funding is being executed between BluGlass and AusIndustry, which will provide the cash over 3 months on the basis that BluGlass matches the grant with its own expenditure.  The ‘High-Efficiency Thin-Film Solar Cell’ project aims to develop a third generation photovoltaic technology for manufacturing high efficiency solar cells based on the compound semiconductor material, indium-gallium nitride (InGaN).  The project aims to produce technically advanced cells with greater efficiencies than any current solar cell at commercially competitive costs.  The project sets out to reduce the cost of harnessing solar energy that will result in more widespread adoption of solar technology, particularly by utilities as solar becomes more cost competitive relative to other renewable technologies and traditional non-renewable resources.

BluGlass has secured the funding under Climate Ready Program which is one of the three elements of the $240 million Clean Business Australia initiative.  The Climate Ready program ($75m over 4 years) is a competitive grants program providing grants from $50,000 up to $5m on a matching funding basis to support research and development, proof-of-concept and early-stage commercialisation activities to develop solutions to climate change challenges.

Following the successful capital raising in July, this grant further enhances BluGlass’ ability to continue with its research and commercialisation program.

BluGlass Limited is an Australian green technology company developed to commercialise a breakthrough in the Semiconductor Industry. BluGlass has invented a new process using Remote Plasma Chemical Vapour Deposition (RPCVD) to grow semiconductor materials such as gallium nitride (GaN) and indium gallium nitride (InGaN), crucial to the production of high efficiency devices such as next generation lighting technology Light Emitting Diodes (LEDs) with significant low cost potential. BluGlass, through its subsidiary, BluSolar is now exploring the process’ viability in photovoltaic (solar) applications. The BluGlass process is a low temperature and low cost technology with the potential for inherent scalability.

www.bluglass.com.au

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Dyesol Signs JV Agreement With Merck

Friday, October 16th, 2009

Dyesol Limited (DYE) and Merck KGaA have signed an agreement to collaborate in the development of electrolytes for use in dye solar cells (DSC). This joint development agreement is the precursor to potential future commercial arrangements with Merck to manufacture existing and next generation electrolytes for application in DSC. Merck is one of the world leaders in the development and production of ionic liquids which are key raw materials used in DSC electrolytes. Merck has patented intellectual property and vast know-how in the field of ionic liquids and is a leading supplier of materials for allied applications such as liquid crystal displays. Dyesol is the leading developer of DSC materials and solutions, having a broad portfolio covering DSC materials, product designs and manufacturing equipments.

The first phase of the collaboration involves the development of new electrolytes, optimisation of electrolytes for high performance, refinement of material specifications to assure ultra long life, and scale up for volume manufacture. Dyesol will contribute the results of the past 12 years of testing on over 400 different proprietary electrolytes that has resulted in DSC with proven stability of well over 25 years in European conditions. Merck and Dyesol are, in parallel, discussing the terms for exploitation to ensure that Dyesol’s major corporate partners have secure lines of material supply and redundancy to underpin their investments in major DSC product manufacturing facilities, and that third parties worldwide have access to the best possible DSC electrolytes. As a result of this collaboration, both Dyesol and Merck will have the capacity and capability to manufacture DSC materials.

Dr Gavin Tulloch, Global Managing Director of Dyesol, said, “This collaboration arises from two years of planning and discussions. During this period, both Dyesol and Merck have recognised the great technical and commercial potential that collaboration can bring. Combining Merck’s capabilities as a major world force in chemical production and supply and the technology leader in ionic liquids, together with Dyesol, the leading DSC technology and industrialisation group, adds exceptional potential to the commercialisation of the unique photovoltaic technology.” “Photovoltaic renewable energy sources are showing increasing potential worldwide. The cooperation with Dyesol, the world leader in the dye solar cell sector, offers us the opportunity to leverage valuable potential in this attractive market. In addition, Merck already holds an excellent position due to its experience in the electrolyte market,” says Dr Emil Aust, Senior Manager of Ionic Liquids at Merck KGaA.

www.dyesol.com

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Carnegie Corporation Finalises Wave Energy JV Agreement

Tuesday, October 13th, 2009

Wave energy developer Carnegie Corporation Limited (CWE) is pleased to announce that it has today signed the formal Technology Acquisition Agreement with AIM-listed Renewable Energy Holdings Plc. The Agreement formalizes the previously announced Heads of Agreement and results in Carnegie now being the technology developer and global owner of the CETO Wave Technology. In consideration for the acquisition, Carnegie will now issue 235 million fully paid shares to REH, making REH Carnegie’s largest shareholder with 32% ownership. The execution of the Agreement also paves the way for Carnegie to assume REH’s role as the co-developer of CETO projects in the Northern Hemisphere with EDF EN, acquiring REH’s CETO project site pipeline. The acquisition of the intellectual property and development rights allows Carnegie a unique global opportunity at a time when global demand for clean energy and awareness of clean energy opportunities is peaking.

Carnegie’s CEO & Managing Director, Dr Michael Ottaviano, said: “This transaction delivers significant value to Carnegie shareholders in opening up Northern Hemisphere opportunities for Carnegie in the United States, Europe and across Asia. It simplifies the CETO ownership structure and allows Carnegie for the first time to have 100% ownership of CETO. Many locations in the Northern Hemisphere have very attractive markets for renewable energy including some with targeted wave energy feed-in tariffs. We look forward to working with EDF EN in developing these Northern Hemisphere markets.”

The CETO system distinguishes itself from other wave energy devices by operating out of sight and being anchored to the ocean floor. An array of submerged buoys is tethered to seabed pump units. The buoys move in harmony with the motion of the passing waves, driving the pumps which in turn pressurise water that is delivered ashore via a pipeline. High-pressure water is used to drive hydroelectric turbines, generating zero-emission electricity. The high-pressure water can also be used to supply a reverse osmosis desalination plant, replacing greenhouse gas emitting electrically driven pumps usually required for such plants.

www.carnegiewave.com

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Enerji Acquires Cogen Orc Power

Thursday, September 17th, 2009

The Board of Directors of Enerji Limited (ERJ) is pleased to announce that it has exercised its option to acquire Jamalcom Pty Ltd trading as Cogen Orc Power. CoGen is a “green tech” company specialising in the application of low grade waste heat recovery in conjunction with the reliable and tested organic Rankine cycle Powerbox to generate complementary and base-load power. CoGen has an exclusive distributor agreement covering Australia for Opcon’s Powerbox which is a product developed by Opcon for the production of new carbon-free electricity from low grade waste heat at temperatures as low as 55C. Further to this, the Opcon Powerbox is the only ORC technology that Opcon is aware can profitably produce electricity from low grade waste heat temperatures as low as 55C.

Low grade waste heat is a huge and largely untapped resource for the production of new electricity around the world. This is true zero pollution, zero emission energy. The fuel to create it is already paid for and consumed and, by definition, CoGen is only dealing with the waste heat that is otherwise lost. If applied in a blanket manner across future commercial onsite distributed energy systems, waste heat recovery also becomes a nation-wide pollution solution by reducing the total carbon emissions by up to 30% produced in fossil fuel burning power stations. Waste heat’s ‘energy-environmental’ ratio is much greater than any ethanol, biodiesel, or biomass ‘renewable’ and typically tax subsidized energy programs. It requires no grand technology development investment such as fuel cells or solar cells. CoGen simply applies the Opcon Powerbox to an already impacted power generation site with transmission and distribution networks and starts producing emission free electricity which CoGen can sell to the client or grid.

The consideration to be paid by the Company to the sole shareholder in CoGen will be satisfied through the issue of fully paid ordinary shares in the Company with a value of $5 million (based on 85% of the volume weighted average price of Enerji’s shares as traded on ASX during 5 trading days prior to exercise of the option).

www.enerji.com.au

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AGL to spend big on renewable energy projects

Monday, August 24th, 2009

The passing of the Renewable Energy Target legislation last week has encouraged AGL Energy to commit to a 10-year, $6-7 billion renewable energy development program.

AGL’s CEO has said that he intends to accelerate the company’s development program, now that the Government has set a target of 20% of all electrcity to be generated from renewable energy sources by 2020.

In The Age on Saturday it was suggested that of the current players in the wind farm market, AGL has the most attractive development pipeline, possessing sites which are windier and more conveniently located than those of its competitors.

AGL generated $34 million in earnings from trading Renewable Energy Credits last year. Last week it posted a 11% rise in underlying full-year profit, and declared a final dividend payment of 28 cents.

ASX Code: AGK
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