Council on Competitiveness Welcomes World Renowned Energy Pioneer Karsner as Distinguished Fellow

Today, the Council on Competitiveness announced that The Honorable Alexander “Andy” Karsner has joined the Council on Competitiveness as a Distinguished Fellow. Karsner, who recently left his post as Assistant Secretary of Energy for Energy Efficiency & Renewable Energy, brings extensive public and private sector experience to the position.... 

GE Energy to Provide Distribution Management System for EDF Energy Networks in London

GE Energy announced today that EDF Energy Networks is installing GE’s power distribution management software system to help manage EDF’s London electricity distribution network. The new distribution system completes the final phase in EDF’s integration strategy that will benefit eight million customers in the United Kingdom. Since privatization... 

Exelon Details the Value Creation Opportunities in an Exelon-NRG Combination

Exelon Corporation today filed with the Securities and Exchange Commission and posted to its Web site a presentation for investors with additional details on the value that would be created by its offer to acquire all of the outstanding common stock of NRG Energy, Inc. in an all-stock transaction. “The combination creates clear and compelling value... 

Goldman Sachs and Blue Source Create Strategic Alliance to Market U.S. Greenhouse Gas Emission Reductions

The Goldman Sachs Group, Inc. and Blue Source LLC today announced a strategic alliance that combines Goldman’s global leadership in commodities trading and financial risk management with Blue Source’s leading climate change portfolio. As part of the alliance, Goldman Sachs has purchased an equity stake in Blue Source LLC. Goldman Sachs will off-take,... 

GDF SUEZ Completes Acquisition of Econergy International, a Renewable Energy Company

GDF SUEZ Energy International completes the acquisition of Econergy International for roughly 39 million GBP (approximately EUR 50 million). Econergy, a US company listed in the UK, is focused on renewable energy projects in Latin America (mainly) and North America. In addition to developing sustainable energy projects, the company is also actively... 

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... 

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... 

London’s First Biogas Fueling Station Installed at London Borough of Camden’s York Way Depot

In August, Gasrec, the UK’s first commercial producer of liquid biomethane fuel, Veolia Environmental Services, the UK’s largest waste management company, and full range commercial vehicle manufacturer Iveco, announced the beginning of a commercial trial of a CBM-powered street cleansing vehicle in Camden that could drastically reduce society’s... 

NRG Energy, Inc. Confirms Receipt of Unsolicited Proposal from Exelon Corporation

NRG Energy, Inc. confirmed that it has received an unsolicited proposal from Exelon Corporation to acquire all of the outstanding shares of NRG Energy at a fixed exchange ratio of 0.485 Exelon shares for each NRG common share. NRG’s Board of Directors will review Exelon’s proposal with their advisors and determine the appropriate response in due... 

Renewable Energy Leaders Convene in Seattle to Discuss the State of the Renewable Energy Industry at REFF-West

The American Council on Renewable Energy (ACORE) and Euromoney Energy Events are pleased to announce the first annual Renewable Energy Finance Forum (REFF) – West, on Oct. 27-28, 2008 at the Grand Hyatt Seattle. The two-day event invites attendees to network with renewable technology venture capitalists, join interactive conference sessions and...