Teams Prepare for Round Two in the 2010-2011 Clean Energy Prize Competition

Ideas for new green-energy businesses ranging from a credit card bonus points program to fund renewable energy projects to a speed bump that generates electricity for roadside electronics will go head to head Jan. 21 in Round-2 competition for the 2010-2011 Clean Energy Prize. The competition, presented by DTE Energy and the University of Michigan and now in its third year, challenges teams to develop business plans that promise to move a new, clean-energy... Read more..

WindTamer Corporation Announces Estimated $1.5 Million State and Local Incentives Package to Support Expansion at Its Rochester, New York Facility

WindTamer Corporation announced today that it has been awarded a package of state and local incentives valued at approximately $1.5 million. The package is in support of WindTamer’s proposed expansion at its Rochester, New York facility. The project includes leasehold improvements, acquisition and installation of machinery and equipment, training of employees, and working capital. Empire State Development (ESD) has awarded up to $900,000... Read more..

Boston-Power Adds $55 Million in Growth Capital

Boston-Power, Inc., the rapidly growing provider of next-generation Lithium-ion batteries, announced $55 million in new funding. Boston-Power will use the new growth capital to scale manufacturing, sales, marketing, and research and development to meet strong global demand for Sonata Lithium-ion batteries. Initially targeting notebook computers, Sonata will come to the market in early 2009 through a relationship with HP, the world’s number one provider... Read more..

Vanner Selects Maxwell Technologies Ultracapacitor Modules for Retrofit Cold Starting System for Chicago Transit Buses

Vanner Inc., a manufacturer of electrical power conversion products, has selected Maxwell Technologies’ BOOSTCAP® ultracapacitor modules to provide burst power for a retrofit diesel engine starter system that Vanner has won a contract to install in Chicago transit buses. David Schramm, Maxwell’s president and chief executive officer, said that Vanner is purchasing 460 16-volt BMOD0500 modules through Maxwell’s channel partner, Tecate... Read more..

Saft and ABB : New High Voltage Li-ion Battery System

Saft and ABB have developed the world’s first high voltage Li-ion (lithium-ion) battery system designed to improve the stability of power distribution grids. The new system combines dynamic energy storage provided by Saft’s 5.2 kV battery, which will help respond to disruptions in the grid, with ABB’s SVC (Static Var Compensation) Light technology for dynamic voltage control. Potential applications include industries with high short... Read more..

Renewable Energy Thrust Nets GeneSiC Semiconductor $1.5M from US Department of Energy

The US Department of Energy has awarded GeneSiC Semiconductor two separate grants totaling $1.5M for the development of high-voltage silicon carbide (SiC) devices that will serve as key enablers for wind- and solar-power integration with the nation’s electricity grid. “These awards demonstrate the DOE’s confidence in GeneSiC’s capabilities, as well as its commitment to alternative energy solutions,” notes Dr. Ranbir Singh,... Read more..

FTL Solar Launches PromoMod Line of Power Generating Shelters to Strong Sales Interest

FTL Solar, the world’s leading manufacturer of lightweight, flexible, power generating fabrics and structures integrated with thin film solar cells, today unveiled the PromoMod, a line of 20′ x 20′ commercial quality energy generating shelters developed for the advertising, marketing and product placement industries. “The PromoMod’s 20′ x 20′ surface area is really a beautiful, power generating canvas that... Read more..

Axion Power Signs $6.4 Million Manufacturing Contract

Axion Power International, Inc., a leading developer of battery technologies and advanced energy storage devices, announced today that it has received a purchase order for 92,250 flooded lead-acid batteries that it will produce over the next 11 months under a toll-manufacturing contract with a major North American battery manufacturer. The purchase order is the first phase of a relationship that could expand to 50,000 units per month by mid 2009.... 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..

New Challenges and Opportunities in Vehicle-to-Grid Power

Research and Markets has announced the addition of the “Vehicle-to-Grid Power: Challenges and Opportunities” report to their offering. The 1st Edition of Vehicle-to-Grid Power: Challenges and Opportunities is a 38-page report which seeks to pull together information on the current status of V2G power into a comprehensive overview to provide a high level understanding of the business opportunities and challenges of V2G. High gas prices,... Read more..