Dresser-Rand Invests In the Development of Game-Changing Compressor Technology Focused on Green Energy

Dresser-Rand Group Inc. announced that Dresser-Rand has made an investment in Ramgen Power Systems, LLC, and further expects to support Ramgen’s ongoing development work. Dresser-Rand’s funding will help satisfy Ramgen’s requirement with the Department of Energy’s National Energy Technology Lab to obtain private matching funds... 

Marine Energy Market: Huge Potential for the UK

Global warming, energy security and rising oil prices have resuscitated the marine energy sector. Ocean energy is a predictable and abundant source of energy with the ability to supply approximately 10% of the world’s electricity needs. The value of worldwide electricity revenues from wave and tidal stream projects could ultimately be between... 

Dresser-Rand Names Ray Carney Vice President, Controller and Chief Accounting Officer

Dresser-Rand Group Inc., announced that Ray Carney has been elected Vice President, Controller and Chief Accounting Officer to succeed Lonnie Arnett, who is retiring. Carney joined Dresser-Rand in August 2008 as Corporate Controller, and has been working with Lonnie Arnett, Vice President, Controller and Chief Accounting Officer, to transition responsibilities.... 

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... 

Linda Lorelle Scholarship Chosen as Hunting Art Prize Charity for a Second Year

Hunting PLC has announced that it will once again donate proceeds from the Hunting Art Prize to the Linda Lorelle Scholarship Fund, a Houston-based charity that provides scholarships, support and ongoing guidance to Houston-area high school students in need of financial and career assistance to fulfill their academic potential throughout their college... 

Energy Focus, Inc. Finalizes Full-Service Contract With Great Lakes Cold Storage

Energy Focus, Inc., the global leader in energy-efficient lighting technologies, announced today that the company has finalized a multi-phase contract with Great Lakes Cold Storage, a regional refrigerated foods company. The contract — the first to be finalized under Energy Focus’s new full-service energy solutions program — includes... 

Active Power Receives Order from Star Technology Services for Containerised Power System

Active Power, Inc., inventor and manufacturer of the most energy-efficient critical power systems in the world, has received an order from Star Technology Services for its modular containerised PowerHouse solution. One of the largest independent business to business (Internet service providers) in the United Kingdom, Star will install PowerHouse to... 

SemGroup to Sell Fuel Storage Facility in Wales; Largest Facility of its Kind in U.K. Provides Strategic Location for Distribution to Major Markets

SemGroup, L.P. announced its plans to evaluate offers to sell its wholly-owned subsidiary, SemLogistics Milford Haven Limited, which operates the largest independent fuel storage facility in the United Kingdom. Located in Milford Haven on the west coast of Wales, the facility provides 8.5 million barrels of commercially active storage capacity and serves... 

Accelerated Decommissioning Projects Delayed by Nation’s Financial Crisis

The financial crisis that is impacting the United States and world markets will delay EnergySolutions’ ability to accelerate the decommissioning of identified nuclear power plant assets, a key growth initiative of the company. The company is now estimating net income in the range of $0.50 to $0.60 per share, based on 88.3 million fully diluted... 

PPL Applies for License to Build, Operate Potential New Nuclear Unit

A PPL Corporation subsidiary has filed an application with the U.S. Nuclear Regulatory Commission for a license to build and operate a new nuclear plant under consideration near Berwick, Pa. The Bell Bend nuclear plant would be built near the company’s existing two-unit Susquehanna nuclear power plant, a facility that has been generating safe...