About EEE –
Evergreen Energy, Inc.
Denver, CO 80202-5506
United States - Map
52 Week Range: 0.521 - 7.8720
Market Cap: 25.498M
Shares Outstanding: 18.888M
Evergreen Energy Inc. operates as a cleaner coal technology, energy production, and environmental solutions company. It develops GreenCert suite of software and services, an environmental intelligence solution that quantifies greenhouse gas emission avoidances and reductions, and generates verifiable emissions offsets, as well as measures greenhouse gases and other environmental costs enabling customers to manage and report their environmental assets and liabilities. The company also provides K-Fuel, a clean coal technology that applies heat and pressure to process high moisture coal feed stocks; and improves the performance of low-rank coals yielding higher efficiency and lower emissions. In addition, it involves in mining, processing, blending, and selling coal to electric utilities, industrial, and institutional end users, as well as operates ash disposal facilities in the state of Ohio. The company was formerly known as KFx Inc. and changed its name to Evergreen Energy Inc. in September 2006. Evergreen Energy Inc. was founded in 1981 and is headquartered in Denver, Colorado.
Evergreen Energy’s solutions are focused on helping clients mitigate their operational risks and give them the tools to focus on optimizing their Key Performance Indicators (KPIs). We are forward-thinkers and strive to provide unique and valuable business solutions into the enterprise business decision management arena. Our products are the embodiment of years of research and development, coupled with real-world filed experience collaborating with our customers. Our technology suite includes
Evergreen Energy’s premiere business intelligence (BI) Solution – GreenCert™ Energy provides enterprise reporting of key operational and performance metrics to assist in vital decision management choices. GreenCertTM Energy provides extensive data collection and mining capabilities combined with a strong business analytics engine to assist in showing financially beneficial paths to efficiency and optimization. GreenCertTM Energy provides flexibility in its implementation and capabilities so as to be applicable within many operational segments. GreenCertTM Energy stands out as the leader in today’s marketplace. Its data analysis and management, computational power and easy-to-understand business insight make it one of the leading technologies on the market today.
The GreenCert™ EMIT (Emissions Monitoring and Inventory Tracking) software is a Software-as-a-Service (SaaS) product that provides an intuitive interface for US-based carbon emissions data. Our subscribers can analyze a power generator’s efficiencies, emissions and ownership information as well as a facility’s over or under reporting potential, with comparative functionality. With EMIT one can visually examine and distinguish differences via lists, scatter plots and time-series analyses. EMIT enables executives, regulatory bodies, businesses, non-government related organizations – anyone – to evaluate plant performance relative to their environmental reporting requirements . EMIT’s functionality is constantly being developed and expanded. Among the various enhancements to come in the near future, users will be able to evaluate and compare emissions data both on regional and local levels.
K-Fuel® technology makes the world’s most available energy source cleaner, more heat-efficient, and affordable…
Evergreen Energy’s K-Fuel® technology is a new generation of energy processes that can significantly reduce air emissions and other pollutants from coal-burning power plants. The K-Fuel® clean coal approach increases the heating value of low-rank fuels while decreasing the environmental impact of coal energy production. This is accomplished by refining coal before it is burned to increase energy densities and combustion efficiencies which reduce greenhouse gas emissions. K-Fuel® is the only commercially validated clean coal process that upgrades low-grade coal to improve efficiency of combustion, decrease contaminants, and reduce emissions.
Financial Results for the Quarters Ended September 30: 2010 Compared to 2009
• Revenues were $100,000, compared to $260,000.
• Total operating expenses, including a $3.5 million impairment charge related to capitalized costs of the GreenCert agriculture software module, were $7.4 million, compared to $10.4 million. G&A was $3.3 million including $446,000 of employee non-cash stock-based compensation, compared to $9.8 million, which included $2.3 million of employee non-cash stock-based compensation.
• Operating loss was $7.3 million, compared to $10.1 million.
• Net loss attributable to common shareholders was $4.6 million, or $0.26 per share, compared to net loss of $14.2 million, or $1.27 per share.
• The cash balance at September 30, 2010 was $5.4 million, compared with $4.5 million on June 30, 2010. In addition, on November 2nd, the company received $1.2 million from the Wyoming Department of Environmental Quality (DEQ) related to the reduction of the cash collateral securing the reclamation obligations at the Fort Union site.
Latest News –
Press Release Source: Evergreen Energy Inc. On Wednesday January 5, 2011, 4:30 pm EST
DENVER--(BUSINESS WIRE)-- Evergreen Energy Inc. (NYSE Arca:EEE - News), a green energy technology solutions company, announced it was notified by NYSE Arca Inc. (NYSE Arca) that the company was granted until February 28, 2011 to regain compliance with the requirements for continued listing on NYSE Arca.
On November 29, 2010, the company was notified that it was not in compliance with NYSE Arca’s continued listing standards under Rule 5.5(b)(1) and Rule 5.5(b)(2) of NYSE Arca Equities Rules. The standards require a listed common stock must maintain an average closing price in excess of $1.00 over a consecutive 30 trading-day period and that a company must maintain a market value of publicly held shares of at least $15.0 million.
News Release Some of the coal stocks trading on the NYSE are listed below:
S. No. Company Ticker
1 Arch Coal, Inc. ACI
2 Alpha Natural Resources, Inc. ANR
3 Peabody Energy Corporation BTU
4 CONSOL Energy Inc. CNX
5 Evergreen Energy Inc. EEE
6 Massey Energy Company MEE
7 Natural Resource Partners LP NRP
8 Penn Virginia Resources PVR
9 Walter Energy, Inc. WLT
10 Yanzhou coal mining Co. (ADR)
11 International Coal Group, Inc. ICO
12 Penn Virginia GP Holdings, L.P. PVG
13 Patriot Coal Corporation PCX
14 Cloud Peak Energy Inc. CLD
U.S.-based Peabody Energy (BTU) is the world’s largest private coal producer.
Two of the coal ETFs are Market Vectors-Coal ETF (KOL) and PowerShares Global Coal Portfolio ETF (PKOL).
News Release Evergreen Energy, Inc. Appoints Ilyas Khan as Chairman of its Board
Evergreen Energy, Inc. announced it had named Ilyas Khan as chairman of its board. Khan, 48, has worked for bank majors such as Citigroup, UBS and Nomura. Back in 1998 he founded TW Indus Group, while in 2000 he became one of the three founding directors of Australian White Energy Co Ltd. In 2008 Khan set up Touchstone Gold Holdings.
Evergreen Engages TerraNova To Look For Financing Opportunities
Evergreen Energy, Inc. has engaged TerraNova Capital Partners, Inc. to advise and assist the company regarding potential strategic development and financing opportunities. Chief Executive Officer of TerraNova Capital, John Steinmetz stated, “We have completed due diligence on the company and its technology. We believe that Evergreen Energy has a sensible plan for commercializing its coal beneficiation technology. We have studied the progress the company has made in China, and believe there are complimentary opportunities for K-Fuel® in the United States and in Asia, including Indonesia and India.” Chairman and CEO of Evergreen, Tom Stoner said, “As we mentioned in our previous 10-Q filing, Evergreen Energy management is evaluating strategic opportunities to utilize certain retained equipment from our Fort Union site to construct and operate a new K-Fuel demonstration plant. This plant would build on the design improvements developed at Fort Union and explore further process enhancement concepts. This potential demonstration plant, along with our laboratory in the US and Evergreen-China’s laboratory in China, will enable further testing of various feed stock with new customers in thermal and other coal beneficiation markets. The patented K-Fuel process has a proven capability to upgrade high moisture, low energy coal and reduce harmful trace elements like Mercury and Sulfur. These opportunities highlight the K-Fuel technology’s role as a central component of our strategy and the next stage of our development, enabling us to build on the tangible progress already made. We are also progressing with the development of our GreenCert Energy solution, which provides a comparative analysis of plant efficiencies and helps reduce operational and regulatory risk, as well as the sales and marketing of a recently released new version of GreenCert™ EMIT (Emissions Monitoring Inventory Tracking), both of which complement our leading technology, the K-Fuel process.”
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About Buckeye Industrial Mining Co.
In 1971, Buckeye Coal Mining Company (founded 1938) merged with its sister company Industrial Mining Co. (founded 1945), under the umbrella ownership of Keller Group of Chicago, Illinois. The company adopted the name Buckeye Industrial Mining Co. in 1985. In 2006, Buckeye Industrial Mining Co. was acquired by KFx, Inc. which is now Evergreen Energy Inc.