Constellation Energy announced it has reached a definitive agreement to sell its Houston-based downstream natural gas unit to Macquarie Group. Terms were not disclosed. The pending divestiture is one of several strategic initiatives the company has undertaken in recent months to reduce risk in its merchant businesses and improve liquidity through the...
Green Star Alternative Energy, Inc. announces a joint venture with Notos d.o.o. – Serbian wind energy and power trading company – and Sirius Regulus d.o.o., Serbian real estate holding company. Many months of due diligence and negotiations have culminated in a strategic partnership that will give Green Star 51% ownership of all energy assets developed...
Ronn Motor Company, Inc. announce that the Company has signed a Letter of Intent with SCS/Frigette, located in Ft. Worth, Texas, for the manufacturing and distribution of its proprietary H2GO(TM) Real-Time Hydrogen Injection System. Ronn Maxwell, CEO of Ronn Motor Company, said, “SCS/Frigette is recognized as a leader in the automotive industry...
Enhanced Oil Resources Inc. announced the Company has completed the acquisition of approximately 1900 acres of productive land adjacent to the Milnesand San Andres Unit currently 100% owned by the Company. The acquisition covers the southern limits of the Milnesand San Andres Oilfield and will be a logical later stage step-out to the Milnesand CO2 pilot...
SEMI urges Congress to immediately reinstate the R&D tax credit and to pass a long-term extension of the investment tax credit (ITC) for solar energy. The R&D tax credit expired on December 31, 2007 and the solar energy ITC is set to expire at the end of the year. These and other tax issues were the focus of a hearing held by the Small Business...
Finavera Renewables Inc. provide an operational update on approximately 300 megawatts of projects it intends to submit into the upcoming BC Hydro Clean Power Call. The four projects are located in the Peace Region of northeast British Columbia and have several fundamental attributes that will contribute to their development into successful operating...
China Wind Systems, Inc., which supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile and energy industries in China, today announced that it has signed a letter of intent to supply shafts and gear rims for use in 1.5 megawatt (MW) gearboxes to Hangzhou Advance Gearbox Group Co. Ltd (Hangzhou Advance...
Renegy Holdings, Inc., a renewable energy company focused on acquiring, developing and operating a growing portfolio of biomass power generation facilities, held a ribbon-cutting ceremony last week with elected officials and other dignitaries to formally commemorate the recent startup of its 24 megawatt (“MW”) biomass power generation facility...
“America’s leading CEOs consider recent increases in energy prices to be a serious threat to our nation’s economic growth. Today, Business Roundtable sent a letter to Congress outlining our recommendations to address the energy crisis. “Business Roundtable members call on the president and Congress to work toward bipartisan, long-term solutions...
The Alliance for a Safe Alternative Fuels Environment (AllSAFE), www.allsafe-fuel.org, today announced its support of a recently issued enforcement letter from the Environmental Protection Agency (EPA) addressing self-directed blender pumps at retail outlets and the risks involved when using fuel blends containing more than 10 percent ethanol. The recent...