Business Achievement: Growth

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EnerNOC, Inc. (Boston, Mass.) for revenue growth of 134%, from $44.2 million to $103.1 million, and improvement in gross margin from 41.6% to 50.1%, over the period from the third quarter of 2008 to the third quarter of 2009. Over the same period, megawatts under management grew to 3,250 MW from 1,760 MW, and commercial and industrial customer numbers rose to 2,500 from 1,400 across 5,600 sites, up from 3,400. EnerNOC expanded its geographic reach by signing demand-response agreements with nine utilities, including Idaho Power and Xcel Energy Colorado. EnerNOC also began its first overseas operations, in the United Kingdom. The company also deployed PowerTalk, touting it as the industry's first presence-enabled smart grid technology, and it acquired eQ, an enterprise carbon management and energy efficiency software developer, and commissioning firm Cogent Energy. EnerNOC integrated eQ's software with its CarbonTrak application, also announced this year. CarbonTrak helps customers measure, manage, report on, and recommend ways to reduce GHG emissions. Cogent Energy brings commissioning and engineering experience to EnerNOC's MBCx energy efficiency application.

First Solar, Inc. (Tempe, Ariz.) for revenue growth and undertaking several deals, projects, and other actions that demonstrated a high level of activity in a solar power market slowed by recessionary pressure in 2009. Revenues for the first nine months of fiscal 2009 grew 75% to $1.4 billion from $813 million in the first nine months of fiscal 2008.

The company's eventful year included signing in September 2009 an unprecedented deal with the Chinese government to build a 2 GW PV power plant in Ordos City, Inner Mongolia. The phased project is scheduled to begin in 2010 and be completed by 2019. Earlier in the year First Solar acquired the project pipeline of OptiSolar (Hayward, CA), including the following assets: the 550 MW Topaz solar development project, which is under a power purchase agreement with Pacific Gas & Electric (PG&E); a project pipeline of an additional 1,300 MW in solar energy development, currently in negotiation with western region utilities; and strategic land rights to approximately 210 square miles, with the potential to deploy up to 19 gigawatt (GW) of utility scale solar power projects.

In July, First Solar and EDF Energies Nouvelles (Paris, France) established a joint venture to build the largest solar panel manufacturing plant in France, at a cost of $130 million. First Solar followed up the French deal in August with a pair of agreements with Southern California Edison, under which First Solar will build two power plants, the 250 MW Desert Sunlight facility near Desert Center in Riverside County and the 300 MW Stateline facility in San Bernardino County. In December, First Solar sold a 21 MW, utility scale PV project in Blythe, Calif. to NRG Energy.

Ormat Technologies, Inc. (Reno, Nev.) for 2009 growth and continued expansion of the installed base of geothermal and recovered energy generation (REG) facilities. For the nine-month period ended September 30, 2009, total revenues increased 28% to $320 million. Product Segment revenues for the nine months were $128 million, an increase of 116% driven by EPC contracts for the construction of geothermal projects. REG involves the capture of unused waste heat from industrial processes and converting it into usable electricity without additional fuel consumption and with zero emissions. Ormat has built or supplied equipment for 1,300 MW of geothermal and REG power plants, and owns 520 MW of such power capacity. Ormat has 64 MW of additional geothermal and REG power capacity under construction and approximately 156 MW of geothermal and REG power capacity under development.

Siemens Energy Sector (Erlangen, Germany) for the receipt of numerous large wind turbine orders, including orders for offshore installations and new national markets. Examples include a deal reached in March with Denmark's Dong Energy, under which Siemens is supplying 500 wind turbines for offshore wind farms, amounting to 1,800 megawatts (MW) of electricity-generating capacity. In April, Siemens received an order from StatoilHydro (Stavanger, Norway) and the Norwegian electric utility Statkraft to supply 88 of its SWT-3.6-207 wind turbines for installation at the 315 MW Sheringham Shoal offshore wind farm off the UK's Norfolk coast. In May, the company received its first U.S. order for its recently introduced SWT-2.3-101 wind turbine, 33 units of which will go to Minnesota Power's Bison I wind project near Center, North Dakota. Also in May, Siemens was selected by Dong Energy and its partners E.ON and Masdar to supply 175 of its SWT-3.6-107 turbines for the massive, 630 MW London Array offshore wind farm in the Outer Thames Estuary. In October, Airtricity, the renewable energy development arm of Scottish and Southern Energy, placed an order for 150 of Siemens 2.3 MW wind turbines for Airtricity's 350 MW Clyde wind farm in South Lanarkshire, Scotland. In November, Siemens received its first order for deliveries of wind turbines to Mexico, through a contract with Mexican wind farm developer Grupo Soluciones en Energias Renovables (GSEER) under which it will supply 70 2.3-MW turbines for installation a 160 MW wind farm in Tamaulipas. Siemens also announced plans to construct a new turbine component production facility in Kansas and a turbine manufacturing plant in China.