Ocean Power Technologies and Leighton Contractors Sign Agreement to Develop Wave Power Stations

December 19, 2008

Ocean Power Technologies, a subsidiary of Ocean Power Technologies, Inc. announce that it has signed an agreement with Leighton Contractors Pty Ltd to develop wave power projects off the east and south coasts of Australia. This agreement is in line with OPT’s global plan to form alliances with strategic partners in key areas of the world and will... 

SDE Receives a 25 Year Concession for Selling Electricity to an African Country

November 11, 2008

In the wake of the global financial crisis and the growing global awareness of green energy, SDE Energy Ltd., a developer of an innovative technology for sea wave power generation, has recently received a 25 year concession to build sea wave power plants with a total capacity of 100MW from a Moslem country in Africa. The cost of this project is US... 

Ocean Power Technologies Wins New $3 Million Contract from US Navy

November 5, 2008

Ocean Power Technologies, Inc. announce that it has been awarded a new $3 million contract for participation in the second phase of the US Navy’s Deep Water Active Detection Systems (“DWADS”) program, which is designed to utilize sophisticated data gathering and communications systems. This advanced technology program has prospective applications... 

Ocean Power Technologies Launches PowerBuoy for US Navy

October 16, 2008

Ocean Power Technologies, Inc. announces that it has installed and commissioned one of its autonomous PowerBuoy® systems off the coast of New Jersey under contract from the US Navy in connection with a unique program for ocean data gathering. The Navy’s Deep Water Active Detection System (“DWADS”) program is designed to utilize sophisticated... 

BioSolar Anticipates Federal Clean Energy Tax Package to Benefit Solar Industry

October 13, 2008

BioSolar, Inc., the developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of solar cells, says it anticipates unprecedented growth and benefits for the solar industry thanks to the recent passage of Federal legislation. H.R. 1424, the Emergency Economic Stabilization Act of 2008, provides... 

Ocean Power Technologies Wins New $2M Award from US Department of Energy

October 2, 2008

Ocean Power Technologies, Inc. announces that it has received a US$2.0 million award from the US Department of Energy (DoE), in support of OPT’s wave power project in Reedsport, Oregon. The DoE grant will be used to help fund the fabrication, assembly and factory testing of the first PowerBuoy® to be installed at the Reedsport site. This system will... 

Satcon Announces Sale of its Electronics and Motors Divisions

September 29, 2008

Satcon Technology Corporation, a leading provider of utility scale renewable energy solutions for distributed power markets, announced today the sale of its Electronics and Motors divisions for cash proceeds of $5.6 million as part of its overall strategic restructuring plan. The divestiture of these non-strategic businesses will enable Satcon to focus... 

Hydrogen Powered Turbine Test Proves Successful

September 17, 2008

Turbine Truck Engines, Inc., a leader in developing environmentally friendly turbine engine technology, is very pleased to report that the company has successfully operated its full scale, fifth generation prototype engine utilizing compressed hydrogen as the fuel source. The company also reported that the test produced zero emissions and required absolutely... 

BMW Race Car Demonstrates Energy-Efficient Ecolumination Headlights at Silverstone

September 15, 2008

Ceravision Ltd, the company behind the ultra energy-efficient Ecolumination lighting range, recently partnered with leading motor racing team, West Surrey Racing, to demonstrate its automotive lighting system. A set of headlights was fitted to a BMW race car and tested at Silverstone, the home of the British F1 Grand Prix. Ceravision’s Ecolumination... 

Ricardo Creates New Strategic Business Group to Focus on Hybrid Vehicle Development

September 8, 2008

Ricardo, Inc., a leading independent provider of technology, product innovation and engineering solutions to the world’s automotive, military, transport and new energy industries, today announced the formation of a dedicated global strategic business group to focus the company’s state-of-the-art resources in technology, facilities and engineering... 

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