Satcon Technology Corporation, a leading provider of utility scale renewable energy solutions for distributed power markets, announced today the sale of its Electronics and Motors divisions for cash proceeds of $5.6 million as part of its overall strategic restructuring plan. The divestiture of these non-strategic businesses will enable Satcon to focus its financial, technical, and marketing resources on the continued growth of their core industry... Read more..
EESTECH Inc. and AGL Energy Limited have signed an MOU to establish a demonstration project using EESTECH’s patented Hybrid Coalmine Gas Technology (HCGT). HCGT utilizes ventilated coalmine methane gas that would otherwise be vented to the atmosphere, as a fuel source to generate reliable, cost-effective and cleaner forms of energy. Methane gas has a global warming potential that is 21 times more damaging to the atmosphere than carbon dioxide.... Read more..