Beacon Power Corporation a leading provider of fast-response energy storage systems and services to support a more stable, reliable and efficient electricity grid, announced that the PJM Interconnection recently began the formal process to implement pay-for-performance regulation pricing in its geographic area, the largest electricity market in the United States. With pay-for-performance pricing, Beacon would be eligible to earn increased revenue... Read more..
ENER1, Inc. a leading manufacturer of lithium-ion energy storage systems for transportation, utility grid and consumer electronics applications, today announced that its shareholders have approved the appointment of four new members to its board of directors. The new directors are Nora Brownwell, Wilber James, Greg Kasagawa and Stanislav Shekshnia. The appointments were made yesterday during the company’s annual shareholders meeting and are... Read more..
VYCON Inc., the designer and manufacturer of high-speed flywheel based, environmentally friendly energy storage systems, today announced that International Container Terminal Services, Inc. (ICTSI) has ordered twelve new Rubber Tired Gantry (RTG) cranes from Noell China with VYCON’s fuel and emission saving REGEN energy storage systems for their operations in Manila. ICTSI is one of the top five major maritime terminal operators in the world. The... Read more..
ZBB Energy Corporation announced that the co-operative joint venture agreement between China Century Capital Limited (formerly China Century Group Limited) (CCC) and ZBB was terminated by mutual agreement on October 2, 2008. The effect of this termination is to cancel the exclusive manufacturing, marketing and distribution rights granted by ZBB to the joint venture company, ZBB China Pty Ltd, in which ZBB held a 49% interest and CCC held a 51% interest.... Read more..
Altair Nanotechnologies Inc., a leading provider of advanced materials and products for power and energy systems, announced the unveiling of its new corporate brand identity. Supporting the company’s new focus on energy storage in the transportation, stationary power and military markets, the brand identity includes a new logo, tagline, website and targeted advertising campaign. “Altairnano closely analyzes key drivers in the marketplace,... Read more..
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..
ZBB Energy Corporation (ZBB), a Milwaukee-based company that specializes in clean energy storage systems, has announced that it will co-share with Eaton Corporation (Eaton) a $229,000 grant from the State of Wisconsin to develop a power conversion and energy storage system that manages energy from renewable energy sources. The grant is part of $7.3 million in Clean Energy Funding announced by Gov. Jim Doyle. Doyle said the fund is for companies “that... Read more..
Beacon Power Corporation, a company that designs and develops advanced products and services to support more stable, reliable and efficient electricity grid operation, announced that the New England Power Pool (NEPOOL), the group of electric utilities, generators, and service providers within the ISO New England region, has voted unanimously in favor of a pilot program for alternative technologies, including energy storage, to provide regulation service.... Read more..