Alpha Natural Resources and Massey Energy Agree to $8.5 Billion Combination

Alpha Natural Resources, Inc. and Massey Energy Company announced today that they signed a definitive agreement under which Alpha will acquire all outstanding shares of Massey common stock, subject to customary closing conditions including stockholder approval of both companies. Under the terms of the agreement, Massey stockholders will receive, at... 

U.S. Department of Energy Awards Momentive $4.5 Million Grant

Momentive Performance Materials will receive $4.5 million in funding from the U.S. Department of Energy (DOE) to continue the development of breakthrough technology for the low cost production of light emitting diodes (LEDs) used in solid state lighting (SSL) and for increased LED light source performance. LED lights can consume 75 percent less energy... 

Offshore wind power to contribute to Europe’s economic recovery

The European Commission recognised offshore wind energy as a key technology in Europe’s attempt to stimulate the Union’s economies. The European Wind Energy Association (EWEA) considers that the €500mn in “smart investment” to specific offshore projects that the EC has earmarked is money well spent. All projects are in an advanced stage of... 

CTDC to Build 30MW On-Grid Solar Power Station in Qaidam Basin

China Technology Development Group Corporation, a provider of solar energy products and solutions in China focusing on a-Si thin film technology, announced that the Company and Qinghai New Energy Group Co., Ltd have signed an agreement with local government of Qinghai Haixi Mongolian-Tibetan Autonomous Region to build a 30MW on-grid solar power station... 

Global Solar Leaders and UNEP Outline Central Role for Solar in Climate Solution at United Nations Climate Change Conference in Poland

Representatives from three leading international solar companies and the United Nations Environment Program (UNEP) — Dr. Zhengrong Shi, Suntech’s Chairman and CEO, Jeremy Leggett, Executive Chairman of Solarcentury, Mike Ahearn, Chairman and CEO of First Solar, and Achim Steiner, UNEP Executive Director — gathered at the United Nations... 

IBM and EDF Combine R&D Skills to Further Energy Sustainability

IBM announced a collaboration with EDF, the leading electricity producer in Europe, on an ambitious project to explore key aspects of the energy systems that are important in EDF operations, in an effort to further energy sustainability. EDF and IBM will work together to develop high performance computing solutions which can significantly advance the... 

Commerce Energy Sells Texas Retail Electric Business for $14.8 Million

Commerce Energy Group, Inc. said that its principal operating subsidiary, Commerce Energy, Inc., sold all of its retail electric service contracts in Texas to Ambit Energy, LP (Ambit), for an estimated $14.8 million. The purchase price includes $8.5 million in cash received on closing, a second payment of $2.7 million, reduced by customer deposits and... 

Suntech Reinforces Its Commitment to Tackling Climate Change by Joining The Climate Group

Suntech Power Holdings Co., Ltd., the world’s largest photovoltaic (PV) module manufacturer, announced it has joined The Climate Group, a global, independent organization dedicated to accelerating action on climate change. Suntech is the first and only solar energy company to join The Climate Group. Uniting with other international members of... 

AeroCity Debuts Urban Wind Power Turbine

AeroCity LLC today introduced Hudson Valley business and government leaders to its urban rooftop “Aerotecture” wind turbine, an engineering installation to be followed by the manufacture of demonstration units in Kingston, N.Y., early next year. The company also announced that it has received notice of a $1 million grant from New York State. “The... 

ProLogis to Participate in National Study on Energy-Saving Technologies and Design Solutions for Commercial Real Estate Buildings

ProLogis, the world’s largest owner, manager and developer of distribution facilities, announced today that it will participate in a new, national study sponsored by the U.S. Department of Energy (DOE) to speed market adoption of current technologies and design solutions that yield significant, measurable energy savings for commercial buildings. In...