Magma Awarded $10 Million in Department of Energy Grants for Its Soda Lake and McCoy Properties in Nevada
Magma Energy Corp. announce that its US subsidiary, Magma Energy (US) Corp. (”Magma”), has been awarded $10 million in American Recovery and Reinvestment Act funding for two of its Nevada geothermal exploration properties, Soda Lake and McCoy. The grants will reimburse 50 – 80% of Magma’s planned innovative exploration expenditures on those properties over the next 24 months....
Thermal Energy Ships THERMALONOx(TM) Test Equipment to China for Coal-fired Power Plant Demonstration
Thermal Energy International Inc. announce that it has shipped equipment to China for demonstration-scale testing of its THERMALONOx(TM) process for reducing nitrogen oxides (NOx) for power plants and other industrial sources. The equipment will be installed at Guangzhou Yuanchun Cogeneration Co., Ltd., a 50MW power plant in Guangdong province, China, under the joint venture research and development...
Despatch Industries Realigns Corporate Business to Focus on Growth Markets
Despatch Industries, the leading process technology provider for the clean technology and thermal processing industries, announces that it has organized its business into three units: Despatch Solar, Despatch Carbon Fiber and Despatch Thermal Technology. The company has seen unparalleled growth in these markets and is now suitably aligned to focus on building strong partnerships with its customers,...
South Africa’s Minister of Minerals and Energy Welcomes Denham Capital Investment in BioTherm Energy to Develop Power Generation Business
Denham Capital, a leading energy-focused global private equity firm, announced today that it will invest equity of up to R1,5 billion (US $150 million, 95 million pounds Sterling) in BioTherm Energy, a South African developer, owner and operator of renewable and clean energy generation projects. Commenting on Denham Capital’s investment, Buyelwa Sonjica, South Africa Minister of Minerals and...
Raser Technologies Inaugurates Utah Geothermal Plant with Advanced Technology That Can Make Geothermal a Major Source of the U.S. Energy Supply
Raser Technologies, Inc., a leader in geothermal power generation, inaugurated late yesterday its first commercial-scale power plant, in Beaver County, Utah, demonstrating the viability of advanced technology that can make geothermal a major price-competitive resource for this country’s energy supply. The plant’s output has already been committed to supply electricity to Anaheim. The company noted...
Thermal Energy Expands Senior Management and Sales Team
Thermal Energy International Inc. announce the following senior management appointments: Peter Bennett, Sales and Marketing Director, GEM Ltd. Peter Bennett joins the Company as Sales and Marketing Director, GEM Ltd. Mr. Bennett is responsible for the overall leadership and management of UK and European sales, marketing and business development activities. This includes expanding market presence and...
Canasia Power Corp.: Initiation of Land Acquisition for ‘Jawaharpur’ Power Plant
Canasia Power Corp. is pleased to announce that it has initiated the land acquisition process for its clean coal, 1320MW (2×660MW), ‘Jawaharpur’ Supercritical Thermal Power Plant, sited at Etah, State of Uttar Pradesh, India. The power plant site is approximately 600 Hectares which will house the power plant, sub-station, ash storage area, green-belt, and the residential development...
Prudential Capital Group Joins Syndicate in Raser’s Thermo Project Financing
Raser Technologies, Inc. announced that Prudential Capital Group, an institutional investment division of Prudential Financial, Inc., purchased the permanent debt financing for Raser’s 10 megawatt (MW) Thermo geothermal power project near Beaver, Utah, from the original project financier. The approximately $31 million of non-recourse debt financing helped construct the Thermo geothermal power plant...
Casa Energia Expo-2008
Casa Energia Expo, the important event dedicated to homes that produce and save energy, will be held once again at the Datchforum of Assago, Milano, from 7 to 9 November, and will have on show materials, technologies, products and services for a new way of living able to combine comfort, wellbeing and environmental sustainability. With 6, 000 square metres of exhibition area divided over two pavilions,...
Modine to Scale Back Vehicular HVAC Business through Intended Divestment of Modine Korea
Modine Manufacturing Company, a diversified global leader in thermal management technology and solutions, today announced strategic plans to scale back its focus on the global vehicular HVAC market through the intended divestiture of its Korean-based vehicular HVAC business. The Company’s Korea subsidiary includes standalone vehicular HVAC research and development, testing, application engineering...
Recent Energy News
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