Exelon Corporation Offers to Acquire NRG Energy, Inc. in $6.2 Billion Transaction

Exelon Corporation announced its proposal to acquire Princeton, N.J.-based NRG Energy, Inc.. Exelon has offered to acquire all of the outstanding NRG common stock in an all-stock transaction with a fixed exchange ratio with a value of $26.43 for each NRG common share, representing a total equity value of approximately $6.2 billion for NRG based on Exelon’s... 

BioSolar Anticipates Federal Clean Energy Tax Package to Benefit Solar Industry

BioSolar, Inc., the developer of a breakthrough technology to produce bio-based materials from renewable plant sources that reduce the cost of solar cells, says it anticipates unprecedented growth and benefits for the solar industry thanks to the recent passage of Federal legislation. H.R. 1424, the Emergency Economic Stabilization Act of 2008, provides... 

Vattenfall Acquires AMEC Wind Energy ltd

Vattenfall AB, the fifth largest electricity generator in Europe, today announced the acquisition of 100% of AMEC Wind Energy Limited (‘AMEC Wind’), a major UK developer of commercial wind farms for cash consideration of around 126.6 million GBP (equalling about 1.6 billion SEK or 160 million EUR). This move positions Vattenfall to further expand... 

CCM Research Issues Initial Report on Dynamic Fuel Systems, Inc.

CCM Research analyst, Walt Spaude, CFA, has written an initiating report on Dynamic Fuel Systems, Inc. Dynamic Fuel Systems Inc. is a Pickering, Ontario based energy sector company engaged in the manufacturing, distribution, installation and marketing of a transportable hydrogen generator retrofit, targeted for use in the heavy tractor trailer industry.... 

Energy West, Incorporated Announces Agreement to Acquire Three Natural Gas Distribution Companies

Energy West, Incorporated announced that it has entered into a definitive agreement to acquire Orwell Natural Gas Company, Northeast Ohio Natural Gas Corp. (NEO) and Brainard Natural Gas Corp., three natural gas distribution companies headquartered in Mentor, Ohio, that serve customers in Northeast Ohio and Western Pennsylvania. The acquisitions will... 

Progress Energy Sending Crews, Contractors to Assist in Ike Restoration

Progress Energy is sending more than 800 company and contract workers from the Carolinas and Florida to Texas to assist utilities there with expected damage and power outages from Hurricane Ike. The company’s deployment of 385 employees and 437 contract personnel is larger than deployments made in support of utilities in Louisiana and Texas after... 

Comverge Announces ZigBee Certified Products at Autovation 2008

Comverge, Inc. a leading provider of clean energy solutions announced today the showing of two ZigBee® Certified products with the ZigBee Smart Energy profile. Both the Comverge SuperStat® Smart Programmable Thermostat and the Digital Control Unit(TM) (DCU) load control solution will be on display at Comverge booth number 711 on September 7th to the... 

Progress Energy Responding to Outages from Hanna

A strong Tropical Storm Hanna came ashore at 3:20 a.m., bringing high winds and heavy rains to much of Progress Energy Carolinas’ service area, and the company has deployed hundreds of company and contract workers to restore service as quickly and safely as possible. As of 8 a.m., about 55,000 customers were without power. Most of those customers... 

Progress Energy Crews Heading East to Assist in Storm Restoration

Progress Energy crews from Western North Carolina are headed to coastal areas today to assist in restoring service from the expected effects of Tropical Storm/Hurricane Hanna. The storm is expected to make landfall near the N.C./S.C. border between 2 and 4 a.m. Saturday. Company line & service crews, as well as contract line and tree crews and... 

Solland Solar: Solar Energy Breakthrough With Sunweb

Solland Solar, Netherlands’ largest producer of solar cells, will enable the solar energy sector to take a major step forwards with its new Sunweb cell. By concentrating the generated energy to the back of the cell, Sunweb can offer a 2 percent higher output per cell. Processed and connected in a solar module, the output even increases to 9 percent....