Constellation Energy confirmed that it has received an unsolicited proposal from Électricité de France (EDF). The main components of EDF’s proposal are: * EDF would purchase a 50% ownership interest in the nuclear generation and operation business of Constellation Energy (excluding Constellation Energy’s existing interest in the UniStar joint venture) for $4.5 billion, subject to certain...
At today’s 2008 International Work Boat Conference, American Electric Technologies Inc., the premium supplier of custom-designed power delivery solutions for the traditional and alternative energy industries, announced it has entered into an alliance agreement with Five Star Services Ltda. of Macae, Brazil and Lifting Services Ltda. of Niteroi, Brazil. The newly formed AETI Alliance Group will...
Biofuels Power Corporation announced that it has agreed to purchase the site, infrastructure and equipment of the decommissioned H.O. Clarke Electric Generating Station in central Houston. The purchase includes 79 acres of land at the intersection of Main St. and Hiram Clarke Road, together with all infrastructure, equipment, buildings and other improvements. The terms of the transaction are undisclosed...
ACES Power Marketing, a nationally recognized wholesale energy risk management and transaction execution services company — today announced that its origination efforts have paid off with the successful commencement of commercial operation of the 150-MW Story County wind project. The project is owned and operated by a subsidiary of FPL Energy, with varying amounts of energy being provided under...
World Energy Solutions, Inc., an energy services and electronics manufacturer, announced that it has received approval from Underwriters Laboratories (UL) for all models in its new range of Transient Voltage Surge Suppressors (TVSS). Ben Croxton, CEO of World Energy Solutions, said “This is an enormous milestone for the Company, and we have worked very hard to achieve this goal. Needless to say,...
The holidays are here, and many people will be decorating their homes with lights and other decorations during the next few weeks. Allegheny Power reminds its customers that inspecting lights and decorations before installation can help ensure a safe and happy holiday season. Holiday lights should be inspected annually. Many people assume that their lights are in good working condition because they...
Exelon is playing a leadership role at today’s Wharton Energy Conference, which brings together more than 200 energy industry thought leaders and business school students for a meaningful discussion about the future of energy. “Exelon has been a proud sponsor of this event for three years in a row,” said Delia Stroud, vice president of public policy, Exelon Generation, in her introduction of...
Electric Truck, LLC (ET) and Tufts University’s Office for Technology Licensing and Industry Collaboration (OTL&IC) today announced that ET has exclusively optioned commercial rights to a technology that can recharge the batteries of any hybrid electric and electric-powered vehicle while it is driven. The Tufts-developed technology could increase by 20 to 70 percent the miles per gallon or total...
Coulomb Technologies announced it will provide the first smart charging infrastructure installation base for new and existing alterative fueling stations within California for extended range electric vehicles (EREV), plug-in hybrid electric vehicles (PHEVs) and all battery electric vehicles (BEVs). Largely powered by solar electric panels, these new and existing alternative fueling stations are considered...
Plug Power Inc., a leader in providing clean, reliable energy solutions, and National Grid, an international natural gas and electric utility, today announced a partnership with the U.S. Department of Energy (DOE) to conduct the first field trial of Plug Power’s new micro-CHP (combined heat and power) GenSys(r) fuel cell system. Fueled by natural gas, the 5 kilowatt GenSys will provide electricity...