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... 

Alternative Energy Partners (AEGY) Obtains $8M Funding

Alternative Energy Partners,a provider of comprehensive alternative energy solutions, announces that it has received a commitment for $8M in funding. The funding was arranged by Alternative Energy Partners’ (“AEGY”) parent company, Healthcare of Today, Inc., and will be used for working capital and acquisitions. Per the terms of the... 

Harvest Operations Announces $1.4 Billion Capital Budget

Harvest Operations Corp. announced today that its Board of Directors has approved a budget for 2011 that includes an $1.4 billion capital expenditure program intended to boost upstream production and improve downstream operational efficiencies. John Zahary, Harvest’s President and Chief Executive Officer, said, “In 2011, our plan is to continue... 

Honeywell’s UOP and China National Petroleum Corp. to Collaborate on Biofuels Projects in China

UOP LLC, a Honeywell company, announced that it signed a memorandum of understanding with China National Petroleum Corp. (CNPC) under which the two companies will collaborate on a range of biofuels technologies and projects in China. Under the terms of the agreement, announced at the 20th meeting of the China-U.S. Joint Commission on Commerce and Trade... 

Honeywell Refrigerant Helps Homeowners Convert the Sun’s Heat Into Power

Honeywell announced today that its Genetron® R-245fa refrigerant is being used to help homeowners generate electricity from the sun’s heat while offsetting energy costs. Honeywell’s energy-efficient refrigerant is being used in an organic rankine cycle (ORC) called the 35Z Micro Power Plant, manufactured by Germany-based Turbolina GmbH... 

Military Licensee Advent Power Systems Delivers Final License Fee to Cyclone Power

Cyclone Power Technologies announced that Advent Power Systems has made its final base payment to Cyclone under its Technology License Agreement. The timely delivery of this license fee secures for Advent the continuing rights to pursue power and motive applications for the Cyclone Engine with the U.S., European and Israeli military establishments,... 

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... 

Global Solar Leaders and UNEP Outline Central Role for Solar in Climate Solution at United Nations Climate Change Conference in Poland

Representatives from three leading international solar companies and the United Nations Environment Program (UNEP) — Dr. Zhengrong Shi, Suntech’s Chairman and CEO, Jeremy Leggett, Executive Chairman of Solarcentury, Mike Ahearn, Chairman and CEO of First Solar, and Achim Steiner, UNEP Executive Director — gathered at the United Nations... 

EMCORE Deploys First Concentrator Solar Photovoltaic System in China with the XinAo Group

EMCORE Corporation a leading provider of semiconductor-based components and subsystems for the broadband, fiber-optic, satellite and terrestrial solar power markets, announced today its first deployment of a concentrator photovolataics (CPV) system in China with the XinAo Group, one of China’s largest energy companies. As part of an earlier agreement,... 

Axis Technologies Announces Order for $700,000 From Energy Innovation Group (EIG)

Axis Technologies Group, Inc., a green technology company that designs, manufactures and markets a proprietary line of energy saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry, has received firm purchase orders in November 2008 valued in excess of $700,000 for the Axis ballast from Energy Innovation Group...