June 28, 2006 |
Oil giant BP pledged $5 million Tuesday to fund a five-year solar project at Caltech that would explore using tiny silicon rods to make solar cells absorb sunlight more efficiently. The research supplements a smaller collaboration between BP and Caltech that focuses on improving existing solar technology, said Jean Posbic, director of product development at BP Solar. "With this agreement, we're looking even further into the future, about five to 10 years out," he said.
February 7, 1995 |
Camarillo-based Siemens Solar Industries says its ProCharger 4JF solar module has met safety, reliability and performance requirements of Underwriter's Laboratories. The module has also been approved by the Commission of the European Communities, Siemens said. ProCharger is used in both consumer and industrial applications in converting solar energy to electrical power. According to Siemens, the module performed well when subjected to 6,000 volts in the European testing.
February 10, 2012 |
An independent audit of the federal loan guarantee initiatives that backed the troubled solar technology company Solyndra failed to turn up the waste and broad incompetence that critics assert riddled the programs. But the audit showed the laws passed from 2005 to 2009 that established the programs in question at the Energy Department had few provisions for thorough monitoring and oversight of the loan guarantees once they were approved. One program created in 2007 did not “provide any requirements regarding governance and monitoring of loans after closing.” “Neither the statutes nor the regulations governing the programs specify internal or external oversight or reporting requirements,” the report concluded.
January 11, 2007 |
Ted Turner, the cable television billionaire and owner of vast tracts of land in the West, is forming a venture with a solar energy company targeting California markets. "Our future depends on changing the way we use energy," Turner said. "We've got to move away from fossil fuels and develop long-term energy solutions that work. Using clean energy technologies, such as solar power, is the right thing to do, and it represents a tremendous business opportunity."
April 2, 1985 |
When J. W. (Bill) Yerkes resigned abruptly from Arco Solar Inc. in January to start his own company using a new solar technology, the fledgling photovoltaic industry buzzed like an aging transformer. Yerkes, 51, was already widely known as an individualist who had combined the presidency of the Chatsworth-based photovoltaic company, a subsidiary of oil giant Atlantic Richfield Co., with a life style faintly reminiscent of the 1960s counterculture.
December 14, 2012 |
SolarCity Corp. stock surged 47% in its first day of trading, but analysts are skeptical that the Silicon Valley solar energy provider will be able to boost investor interest in the rest of the green-tech industry. The San Mateo, Calif., company's share price rose $3.79 to $11.79 after debuting Thursday. It raised $92 million by selling 11.5 million shares at $8 each, valuing the company at $584.6 million. But the path to the initial public offering was rocky, complicated by Wall Street concerns about the viability of the clean power industry.
August 25, 2005
ONE OF THE BRIGHTER IDEAS to come out of Sacramento in recent years is a proposal to encourage buyers of new homes to equip them with solar panels. Schools, farms, businesses and public agencies could benefit too. At last, the state could claim it's really doing something to wean itself from polluting, petroleum-fueled electric power production. The measure, which Gov.
CALIFORNIA | LOCAL
November 9, 2001 |
Orange County's largest toll road system will tap the power of the sun to help collect fees from thousands of motorists enrolled in the FasTrak program, which permits drivers to speed past tollbooths. The Transportation Corridor Agencies, which operates the Eastern, Foothill and San Joaquin Hills toll roads, announced Thursday that it will offer drivers a chance to replace their battery-powered transponders with ones that use solar cells.
March 2, 1993 |
A unit of giant Siemens, the German conglomerate, has charged in a lawsuit that Atlantic Richfield Co. committed fraud in the 1990 sale of a solar-electric manufacturing facility. The suit, filed Friday in U.S. District Court in New York, seeks nearly $150 million in damages, including $50 million in punitive damages. As part of a companywide restructuring in 1989, Arco sold its pioneering Arco Solar Inc. unit, headquartered in Camarillo, to Siemens Solar Industries for $35.9 million.