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SolarEdge Technologies, Inc., a global leader in PV inverters, power optimizers, and module-level monitoring services, shared its financial results for the fiscal fourth quarter and year ended June 30, 2016.

Sumitomo Corporation signed a contract to acquire up to 20 percent of Cosan Biomassa S.A., a subsidiary of the world’s largest sugar and ethanol company, Cosan S.A. Industria e Comercio and producer of sugarcane pellets for power generation, subject to the prior approval of anti-trust authorities in some jurisdictions.

TruStar Energy, a developer of compressed natural gas (CNG) fueling stations, was awarded the contract to build and maintain the first CNG fueling station for Long Beach, California.

Ecoplexus Inc., a developer of solar photovoltaic systems, disclosed a 25 MW DC portfolio of projects across California. The projects are a combination of carport and ground-mounted installations, connecting behind-the-meter at a number of state facilities. The generating systems will power the facilities, offset greenhouse gas emissions and reduce energy costs.

The portfolio will provide approximately 30.5 gigawatt-hours of clean electricity annually. That is enough to annually power almost 2,000 households, or offset roughly 21,000 metric tons of carbon dioxide.

The first seven MW will be completed in August 2015, while the remaining projects are scheduled to complete construction in the spring of 2017. The on-site facilities include state hospitals, military bases and a variety of other facilities.

Published in the September 2016 Edition of American Recycler News

Greg Bafalis has been named CEO of PHG Energy, a company that’s developing waste-to-energy and solar systems in Antioch, Tennessee.

Sumitomo Corporation together with Sumitomo Corporation of Americas (SC Group) shared their Strategic Collaboration Agreement with US Hybrid to support their desire to grow its fuel cell production business through the expansion of fuel cell stack production capacity for commercial production.