Nov 14, 2013 - US solar power shading solutions maker Envision Solar International Inc (OTC:EVSI) said yesterday its third-quarter net loss had narrowed to USD 324,000 (EUR 241,000) from USD 601,000 a year before.
This translated into a loss per share of USD 0.005, as compared to USD 0.01 in July-September 2012.
During the reporting period, Envision Solar started sales of its Electric Vehicle Autonomous Renewable Charger (EV ARC) standalone solar charging station. The device is able to store up to 22.5 kWh of power daily, which is enough to charge one electric vehicle. In addition, the company is about to deploy its first Solar Tree High Volume Low Cost (HVLC) structures.
Revenues in the three months declined to USD 80,000 from USD 197,300 in the prior year’s third quarter when the company finalised two large projects. At the end of September Envision Solar had USD 890,000 in cash on hand.
Looking ahead, the firm expects to deploy its EV ARC stations in high-profile environments such as San Diego International Airport and start first branded EV ARC sales.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.