Jobs, the lagging indicator once more?

The U.S. labor market is finally improving, just when many of the other economic indicators are wavering. Jobs are considered a lagging indicator. They typically recover many months after the economy comes out of a recession, and this cycle was no exception. So will troubles in Japan, Libya and elsewhere push up U.S. unemployment later this year? “The... 

Johnson Controls Breaks Ground on Fully-Integrated Battery Recycling Facility

Johnson Controls, Inc. today broke ground on a fully-integrated battery recycling facility in Florence, S.C. The Florence Recycling Center, slated for completion during 2012 and to be operated by Johnson Controls’ Power Solutions business, represents a capital investment of more than $150 million and will create an estimated 250 new jobs and... 

Masdar Set to Capitalise on International Adoption of Renewable Energy

Masdar chief executive Dr. Sultan Al Jaber announced that Masdar, a multi-faceted future energy initiative wholly owned by the Mubadala Development Company, is well-positioned to capitalise on the “undeniable momentum and long term viability” of renewable energy technology in his keynote speech at the World Future Energy Summit in Abu Dhabi. Dr.... 

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... 

Dynamotive Signs Agreement for Development of Plant in China

Dynamotive Energy Systems Corporation announced that it had entered into a commercial agreement to support the development of a pyrolysis plant in China based on its proprietary technology. In accordance with the agreement, Dynamotive will provide process and engineering support for the development of a plant to be located in the Henan province in the... 

Solix Biofuels Completes $10.5 Million Series A Funding Round, Receives Commitment for Additional $5 Million to Build Biofuels Pilot Plant in Southwest Colorado

Solix Biofuels, a Fort Collins, Colo.-based alternative energy technology firm focused on algae-based intermediates for fuel and chemical production, today announced it has raised $10.5 million in its first round of outside funding, and has reached an agreement with investors for an additional commitment of $5 million, to be used to build an algae... 

Reval Wins Treasury & Risk’s 2008 Alexander Hamilton Award for Technology of the Year with its FAS 157 Solution

Reval, a global leader in financial risk management solutions and services, announced today that it was recognized with an Alexander Hamilton Award at the 13th annual Treasury & Risk Magazine awards ceremony this week. Reval was awarded the silver award in the Technology of the Year category for its best in class FAS 157 Solution. This FAS 157... 

Samsung Everland To Install 12 UTC Power Fuel Cell Systems for GS Power in Korea

UTC Power, a United Technologies Corp. company, announced that Samsung Everland has purchased 12 UTC Power 400 kW fuel cell systems for installation at a GS Power plant in the Town of Anyang, just outside Seoul. GS Power will use the electricity from the fuel cells to provide power for about 5 percent of Anyang’s population, with 40,000 megawatt... 

Calpine to Receive $97 million from Rosetta Resources to Settle Claims

Calpine Corporation announced a settlement with Rosetta Resources, Inc. of all claims related to Calpine’s July 7, 2005 sale of substantially all of its oil and gas business to Rosetta. The settlement provides for a $97 million payment to Calpine from Rosetta and the conveyance of certain residual oil and gas properties by Calpine to Rosetta. This... 

Suntech Announces Groundbreaking of PV Cell Production Facility in Yangzhou, China

Suntech Power Holdings Co., Ltd., one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, today announced the groundbreaking of a new PV cell production facility in Yangzhou, Jiangsu province, China. Suntech intends to complete the facility with a PV cell production capacity of 300MW by the end of 2009. The new production...