Magnetek Announces Second Quarter Fiscal 2011 Results

Magnetek, Inc. today reported the results of its 2011 fiscal second quarter ended January 2, 2011. Second Quarter Results In its second quarter of fiscal 2011, Magnetek recorded revenue of $26.1 million, a 36% increase from the second quarter of fiscal 2010 and a 5% sequential increase from the first quarter of fiscal 2011. The increase in sales from... 

Philadelphia University and MAG Establish New Composites Institute to Develop Textile-Based Composites for Industrial Applications

Philadelphia University and MAG are establishing the Philadelphia University MAG Composites Institute for research and development of new textile-based composites that could have wide application in industry, including the aerospace, automotive and energy sectors. The new research institute will be funded in part by $1.1 million from MAG, whose chairman... 

Teams Prepare for Round Two in the 2010-2011 Clean Energy Prize Competition

Ideas for new green-energy businesses ranging from a credit card bonus points program to fund renewable energy projects to a speed bump that generates electricity for roadside electronics will go head to head Jan. 21 in Round-2 competition for the 2010-2011 Clean Energy Prize. The competition, presented by DTE Energy and the University of Michigan... 

Dominion Resources GreenTech Incubator to Grow Clean Technology Businesses, Jobs in Central Virginia

The Dominion Resources GreenTech Incubator, a center to assist new businesses focused on energy efficiency and other clean and green technologies, is scheduled to open early next year in Ashland, Va., with financial support from Dominion, one of the nation’s largest producers of energy. Modeled after other successful technology incubators, the... 

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... 

New Jobs Created at Ontario Aerospace Company

Cyclone Manufacturing Inc. of Mississauga, Ontario is creating 133 jobs by investing in new technology that will help improve its products and win new business. The company makes parts for aerospace manufacturers. Their customers have included Boeing, Bombardier and Embraer. By innovating, Cyclone can use new materials to make aircraft parts that are... 

Green Star Alternative Energy and Notos Sign Joint Venture Agreement

Green Star Alternative Energy, Inc. announces a joint venture with Notos d.o.o. – Serbian wind energy and power trading company – and Sirius Regulus d.o.o., Serbian real estate holding company. Many months of due diligence and negotiations have culminated in a strategic partnership that will give Green Star 51% ownership of all energy assets developed... 

New Hydropower Plant in Nepal Completed With German Development Cooperation Funds

In a ceremony attended by representatives of the German Federal Ministry for Economic Cooperation and Development (BMZ) and KfW Entwicklungsbank, the Government of Nepal has inaugurated and put into operation the Middle Marsyangdi hydropower plant situated west of the capital Kathmandu. KfW Entwicklungsbank financed the power plant on behalf of the... 

State of Illinois, FutureGen Partners Highlight Significant Progress and Unwavering Commitment to Bring Project Home to Mattoon

Illinois Department of Commerce and Economic Opportunity Director Jack Lavin today assembled national, state and local partners to announce new developments in the state’s effort to secure the landmark FutureGen clean energy project. The progress report included new geophysical data that confirm the suitability of the Mattoon host site to securely... 

Puget Sound Energy Purchases Mint Farm Power Plant

Puget Sound Energy last week completed the $240 million purchase of a 310-megawatt natural gas-fired power plant in Longview, Wash., the latest step in the utility’s long-range effort to ensure a reliable, cost-effective energy supply for its growing customer base in Western Washington. PSE signed an agreement in September to buy the 11-month-old...