NewEnergyNews: QUICK NEWS, July 1: US INDICTS CHINA WIND CO FOR STEALING AMSC CODES; A CLOSER LOOK AT FUTURE SOLAR; THE SLOWLY GROWING FUEL CELL VEHICLE MRKT

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    Monday, July 01, 2013

    QUICK NEWS, July 1: US INDICTS CHINA WIND CO FOR STEALING AMSC CODES; A CLOSER LOOK AT FUTURE SOLAR; THE SLOWLY GROWING FUEL CELL VEHICLE MRKT

    US INDICTS CHINA WIND CO FOR STEALING AMSC CODES Sinovel Corporation and Three Individuals Charged in Wisconsin with Theft of Amsc Trade Secrets; Theft of Trade Secrets Allegedly Cheated Amsc of More Than $800 Million

    June 27, 2013 (U.S. Department of Justice)

    “A manufacturer and exporter of wind turbines based in the People’s Republic of China, two employees of that manufacturer and a former employee of a subsidiary of AMSC, a United States-based company formerly known as American Superconductor Inc., were charged…with stealing trade secrets from AMSC causing an alleged loss of more than $800 million to the company…A federal grand jury in the Western District of Wisconsin returned an indictment charging Sinovel Wind Group Co. Ltd., dba Sinovel Wind Group (USA) Co. Ltd.; Su Liying, 36, the deputy director of Sinovel’s Research and Development Department; Zhao Haichun, 33, a technology manager for Sinovel; and Dejan Karabasevic, 40, a former employee of AMSC Windtec GmbH, a wholly-owned subsidiary of AMSC, with one count each of conspiracy to commit trade secret theft, theft of trade secrets and wire fraud… If convicted, Sinovel faces a maximum penalty on each count of five years of probation and a fine of twice the gross gain or loss, meaning Sinovel would face a fine for each count charged of up to twice the alleged loss of more than $800 million…If convicted, Su, Zhao and Karabasevic each face a maximum penalty of five years in prison on the conspiracy charge, 10 years in prison for theft of a trade secret and 20 years in prison for wire fraud…” click here for more

    A CLOSER LOOK AT FUTURE SOLAR Harvard Project Crunching Numbers On New Organic PV Materials

    Michael Puttre, 27 June 2013 (Solar Inudustry)

    “Borrowing a process used to discover new drugs and a networking technique used to search for signs of extraterrestrial intelligence, a team of researchers at Harvard University has published an initial material properties database for organic photovoltaic (OPV) applications…” click here for more

    THE SLOWLY GROWING FUEL CELL VEHICLE MRKT Fuel Cell Vehicles; Light Duty Vehicles, Transit Buses, and Scooters: Global Market Analysis and Forecasts

    2Q 2013 (Navigant Research)

    “…The biggest challenge for automakers will be reaching sufficient volume to bring down system and balance of plant costs – which is leading several automakers, including Daimler, to form technology partnerships. The transit bus market also needs high volume to bring down costs. Europe continues to lead on fuel cell bus deployments, but annual orders are still well under 100, and the market needs to reach 1,000 orders annually to see major cost reductions. Finally, the global scooter market is in the millions, and fuel cells continue to be developed in an effort to capture some of that market. Navigant Research forecasts that worldwide sales of FCVs will reach the 1,000 mark in 2015 and then begin a period of strong growth, surpassing 2 million vehicles annually by 2030…” click here for more

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