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AEI NEWSLETTER ISSUE 08:

18th May - 8th June 2007

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The aim of this fortnightly newsletter is to complement the news-based website, with a primary focus on price-based information over the previous fortnight and to advise of forthcoming company announcements (see bottom).

Winners and losers: 18th May - 8th June 2007

THE WINNERS

1. Camco lnternational +29.93%

Camco can look back on a fortnight that included a GBP 650,00 consultancy contract to advise 45 UK municipal authorities on reducing carbon emissions and a shot in the arm for carbon trading following the G8 summit in Germany.

2. Medis Technologies +27.54%

In early May, MyTreo.net (a hub for trendy treo smart phones) pre-ordered Medis portable fuel cell packs to power their Treo phones. These will be available to consumers from June 15th from http://mytreo.net/store/product.php?xProd=1235 and eyes are focussed on whether this product which has been so long in development can actually shift.

3. Geodynamics +26.15%

Australian Geothermal companies including Geodynamics were all lifted by the announcement of the Labour Opposition leader, Kevin Rudd, who promised to give AUD 50 million to the geothermal sector, if elected.

4. Distributed Energy Systems +23.53%

On the 5th June, DES received USD 12.5m in funding from Perseus L.L.C.. In exchange, the DES issued Perseus with 12.5% senior secured promissory notes which will mature on March 1st, 2008. DES also issued Perseus with a 5 year warrant for up to nearly 8 m shares at an exercise price of USD 0.80.

5. Ecosecurites Group +21.30%

As well as the boost from the G8 to carbon trading in general, Ecosecurities can point to a growing portfolio of more than 15 million credits, most recently expanded in Africa and Dubai.

THE LOSERS

1. Biofuels Corp -28.13%

Biofuels Corp is fighting for its life to stave off bankruptcy. Banking facilities have been rolled over to December 31st. The company's debt stands at GBP 100 million.

2. Solarfun Power Holdings -24.45%

Solarfun may have come just a little too late to the Chinese PV IPO party. There are concerns that supply may start to exceed demand sooner rather than later. See this April 22nd article by Herb Greenberg on how Chinese solar stocks may burn investors. See below 2 further Chinese solar stocks that have had bad times over this period.

3. Australian Biodiesel Group -21.84%

ABG is a commercial manufacturer of biodiesel fuel and a supplier of proprietary biodiesel production technology to licensee partners. Their annual presentation on May 28th had some positive highlights such as a quadrupling of production and revenue and profitability expected by 2008, but left a pessmisitic aftertaste in blaming unfavourable commodity price movements, regulatory retreats and other challenges for growing losses.

4. China Sunergy -21.65%

China Sunergy rose over 50% on its late May trading debut. And yet it has since fallen back to become one of the worst performers. There are some worries that the late entrants and smaller players from the Chinese solar world will not necessarily be as profitable as their larger, more mature brethren.

5. Trina Solar -19.33%

One of the most volatile stocks tracked on AEI since its IPO late last year, Trina has been dropping off since late April. Q1 results announced on May 21st were good, but expectations were simply higher. The Company expects to ship between 75 MW to 80 MW of modules for the full year 2007.Trina believes it has a strong position in terms of polysilicon supply, having signed contracts for 90% and 60% of its 2007 and 2008 feedstock requirements, respectively.

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FORTHCOMING COMPANY DATES

COMPANY - Action - Effective Dates mm/dd/yyyy)

CEMIG STOCK SPLIT 06/12/2007

CONERGY AG CASH DIVIDEND 06/12/2007

MECHANICAL TECHNOLOGY CORPORATE MEETING 06/18/2007

GAMESA CORP CASH DIVIDEND 06/20/2007

PACIFIC ETHANOL CORPORATE MEETING 06/21/2007

BEACON POWER CORPORATE MEETING 06/25/2007

JAPAN WIND DEVELOPMENT CORPORATE MEETING 06/26/2007

CHOFU SEISAKUSHO CASH DIVIDEND 06/26/2007

GS YUASA CORPORATE MEETING 06/28/2007