The United States Advanced Battery Consortium (USABC), with funding from the U.S. Department of Energy, has awarded Johnson Controls-Saft a contract valued at $8.2 million. The contract will focus on the development of lithium-ion battery systems for plug-in hybrid electric vehicles (PHEVs) and over the course of two years will seek to validate the commercial [...]
Solarfun Power Holdings Co., Ltd., an established vertically-integrated manufacturer of silicon ingots and photovoltaic (“PV”) cells and modules in China, today announced the completion of its equity offering pursuant to the sales agency agreement with Morgan Stanley & Co. Incorporated dated July 17, 2008. Upon the completion of the offering at the market close on [...]
Real Goods Solar, Inc., a leading residential solar energy integrator, announced that it has expanded its solar energy integration business through the acquisition of Independent Energy Systems, Inc. (IES) of Santa Cruz, CA. This transaction represents the Company’s third acquisition in less than a year. IES, a primarily residential solar energy integrator, had approximately $6 [...]
In the wake of the global financial crisis and the growing global awareness of green energy, SDE Energy Ltd., a developer of an innovative technology for sea wave power generation, has recently received a 25 year concession to build sea wave power plants with a total capacity of 100MW from a Moslem country in [...]
SunPower Corporation, a manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced that Luis Torres has joined the company as managing director, market development southern Europe. In this newly created role, he is responsible for working with public policy officials, industry colleagues and solar advocates to grow solar markets throughout southern Europe.
Torres [...]
First Reserve Corporation, the world’s leading private equity firm in the energy industry, has joined forces with two experienced nuclear industry participants, Charles Scorer and David Sloan, to form Accord Nuclear Resources, an integrated nuclear fuel supply company.
Under the structure of the partnership, Accord will acquire and integrate key businesses that operate across the commercial [...]
Satcon, a leading provider of utility scale distributed power solutions for the renewable energy market, announced today its participation in the world’s largest rooftop solar photovoltaic power installation. The 12 megawatt (MW) system atop the General Motors car manufacturing facility in Figueruelas, Zaragoza Spain will cover approximately 2,000,000 square feet and has a surface area [...]
Citing inconsistencies with state law and potentially serious financial consequences that could result from a recent Public Utilities Commission of Ohio (PUCO) ruling, FirstEnergy Corp.’s Ohio utility companies filed a Motion to Stay, as well as an Application for Rehearing and an Application for a Fuel Rider, and requested an expedited ruling from the [...]
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 [...]
Greenline Industries, provider of clean-tech energy platforms, announced today that SunPower BioDiesel of Cumberland, Wis. has chosen Greenline’s waterless biodiesel platform. Greenline’s biodiesel platform allows SunPower to produce biodiesel on a smaller scale, supplying local distributors in a 200 mile radius. Benefits to the community include engineering and manufacturing jobs, a new market for oil [...]