Magnetek Announces Second Quarter Fiscal 2011 Results

Magnetek, Inc. today reported the results of its 2011 fiscal second quarter ended January 2, 2011. Second Quarter Results In its second quarter of fiscal 2011, Magnetek recorded revenue of $26.1 million, a 36% increase from the second quarter of fiscal 2010 and a 5% sequential increase from the first quarter of fiscal 2011. The increase in sales from the prior year quarter reflects significant year-over-year sales growth in the Company’s renewable... Read more..

Terrabon Dedicates Energy Independence I, an Advanced Biofuels Research Facility in Bryan, Texas

Terrabon, L.L.C. held dedication ceremonies Friday, November 7, for its new Advanced Biofuels Research Facility in Bryan, Texas. The event marked completion of the facility, christened Energy Independence I, which will confirm the scaled-up, commercial feasibility of the Company’s MixAlco(TM) technology. MixAlco converts readily-available, low-cost, non-food biomass into chemicals that can be processed into renewable gasoline. Speaking at the... Read more..

Marine Energy Market: Huge Potential for the UK

Global warming, energy security and rising oil prices have resuscitated the marine energy sector. Ocean energy is a predictable and abundant source of energy with the ability to supply approximately 10% of the world’s electricity needs. The value of worldwide electricity revenues from wave and tidal stream projects could ultimately be between pounds sterling 60bn (euro 77.40bn) and pounds sterling 190bn (euro 245.10bn) per year. The United Kingdom... Read more..

Thermal Energy Expands Senior Management and Sales Team

Thermal Energy International Inc. announce the following senior management appointments: Peter Bennett, Sales and Marketing Director, GEM Ltd. Peter Bennett joins the Company as Sales and Marketing Director, GEM Ltd. Mr. Bennett is responsible for the overall leadership and management of UK and European sales, marketing and business development activities. This includes expanding market presence and growth of the GEM(R) steam trap product line throughout... Read more..

China Ritar Power Corp. Increasing Penetration in Alternative Energy Storage Market

China Ritar Power Corp., a leading Chinese manufacturer of lead acid batteries, today announced that the Company is increasing its market penetration in the alternative energy storage market. Contributing to the Company’s stronger market position are series of contracts and letters of intent to purchase China Ritar’s nano gel lead acid batteries with several alternative energy companies, including Emerson Electric Co. (NYSE: EMR, “Emerson”).... Read more..

Environmental Power Announces Offering of Convertible Notes to Fund Renewable Energy Projects

Environmental Power Corporation announced the offering of its 13% Convertible Notes due January 1, 2014. Proceeds from the sale of the notes will be used to fund the construction and operation of the renewable energy projects being developed by Environmental Power’s subsidiary, Microgy, Inc., and its affiliates. The notes will be offered at par, bearing interest at a proposed rate of 13% per annum and include conversion provisions over the term... Read more..

CHS Announces Mankato Sibley Park Sponsorships

The City of Mankato marked the opening today of Sibley Park’s Story Book Farm, and announced that the CHS Oilseed Processing plant, Mankato, is donating $100,000 to develop two other Sibley Park attractions. The CHS sponsorship will be used to construct a pergola and to develop the existing rock garden. CHS operates soybean crushing and refining facilities at Mankato and Fairmont, Minn., annually processing nearly 90 million bushels of soybeans... Read more..

Altira Demonstrates Its Commitment to Helping Meet Global Energy Demand by Investing in the Industry’s Leading Energy Recovery and Emission Control Provider

Altira Group LLC, a pioneer and leader in venture capital and private equity funding for energy technology companies, today announced a seven Million dollar investment in Eco Power Solutions (Eco Power), of Quincy, MA. Altira’s investment in Eco Power was made from its Altira Technology Fund V — a $176 Million fund focused on venture capital for energy technologies. Eco Power designs and builds a unique all-in-one industrial grade energy... Read more..

GE Energy to Provide Distribution Management System for EDF Energy Networks in London

GE Energy announced today that EDF Energy Networks is installing GE’s power distribution management software system to help manage EDF’s London electricity distribution network. The new distribution system completes the final phase in EDF’s integration strategy that will benefit eight million customers in the United Kingdom. Since privatization and regulation of the electricity networks in the United Kingdom 18 years ago, distribution network... Read more..

Samsung Everland To Install 12 UTC Power Fuel Cell Systems for GS Power in Korea

UTC Power, a United Technologies Corp. company, announced that Samsung Everland has purchased 12 UTC Power 400 kW fuel cell systems for installation at a GS Power plant in the Town of Anyang, just outside Seoul. GS Power will use the electricity from the fuel cells to provide power for about 5 percent of Anyang’s population, with 40,000 megawatt hours total annual power output expected. The 4.8-megawatt plant will be operational in September... Read more..