Saft and ABB have developed the world’s first high voltage Li-ion (lithium-ion) battery system designed to improve the stability of power distribution grids. The new system combines dynamic energy storage provided by Saft’s 5.2 kV battery, which will help respond to disruptions in the grid, with ABB’s SVC (Static Var Compensation) Light technology for dynamic [...]
Big things often come in small packages. That’s certainly the case with the potential created by recent successes in hydrogen research at Idaho National Laboratory.
Steve Herring, technical director of the High Temperature Electrolysis Nuclear Hydrogen Initiative, holds in his hand a solid-oxide electrolysis cell no larger than a standard CD. However, the two electrodes [...]
Detroit Edison, Michigan’s largest electric utility, today submitted a combined construction and operating license application (COLA) to the U.S. Nuclear Regulatory Commission for a potential new reactor, based on GE Hitachi Nuclear Energy’s ESBWR design, at its existing Fermi 2 Power Plant site. The facility is on the shore of Lake Erie, 35 miles south [...]
Africa Oil Corp. reports that 99.5% of the Company’s share purchase warrants that were issued pursuant to a private placement in April 2009 were exercised as of the expiry date of December 23, 2010. The warrant exercise resulted in gross proceeds to the Company of approximately CDN$55.8 million.
The December 23, 2010 expiry date was an [...]
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 pounds sterling 60bn (euro [...]
Devon IT, a leading alternative desktop computing company, announced today the Green School Initiative (GSI) to help schools of all sizes save valuable resources and reduce IT costs by implementing thin client technologies.
Secondary and higher education institutions are finding ways to use less energy and operate in a more environmentally-friendly fashion. GSI is designed to [...]
Emerson Process Management, a business of Emerson, has entered into a long-term support and service agreement with Qatargas Operating Company Ltd. for its expanding liquefied natural gas (LNG) operations.
Under the five-year agreement, Emerson will provide asset management services, advanced skills training, and a comprehensive parts management program. Emerson also has established a dedicated team of [...]
EnergyConnect, an industry leader in innovative demand response technologies, announced that it has been selected as a provider to the Department of Defense (DOD) and other federal government agencies.
“Demand response is an essential component to any long-term, national energy strategy, and it is affirming to see the federal government leading by example,” said George Barnes [...]
General Exploration Partners (“GEP” or the “Company”) and its partner announced today an update on the Atrush-1 exploration well in Kurdistan. The well was spudded on October 5, 2010 and is setting 9 5/8″ intermediate pipe after logging the Jurassic section to the top of Kurrachine at depth of approximately 2,230 meters. Drilling operations have [...]
Hiroshi Development, LLC addresses an opportunity in the renewable energy market that neither traditional private equity nor venture capital investors currently address. Renewable energy financings require a strong understanding of project equity, senior and subordinated debt structures, regulatory compliance, fuel supply and power purchase agreements. Because of its unique structure and management team, HD has [...]