Titan Energy Worldwide, Inc. a leader in the manufacturing, marketing and servicing of energy generation products and services, announced today that its subsidiary, Grove Power, Inc., has signed on to become a Power Partner distributor for MTU Onsite Energy, a member of the Tognum Group. “We are proud to be an official member of the MTU Onsite Energy team, representing their fine line of power generation products in the Florida and Caribbean... Read more..
SolarEdge Technologies, an innovative solar power harvesting start-up, today announced the company’s highly anticipated PV energy harvesting system will be revealed for the first time at Intersolar Munich 2009, taking place next week from May 27-29. Leading up to the conference, SolarEdge Chairman, CEO and Founder Guy Sella will give a featured presentation on May 26 on the topic of “Breakthroughs in Distributed DC Architecture” at the PV Industry... Read more..
Teekay LNG Partners L.P. announced that it has priced its follow-on public offering of 4,000,000 common units, which represent limited partner interests, at $17.60 per unit. Teekay LNG has granted the underwriters a 30-day option to purchase up to an additional 600,000 units to cover over-allotments, if any. The Partnership expects to use the proceeds of the offering to repay amounts outstanding on one of its revolving credit facilities. The offering... Read more..
Robert Friedland, Executive Chairman, President and Chief Executive Officer, and Ed Veith, Executive Vice President, Upstream, of Ivanhoe Energy Inc., announced that a recently completed evaluation by independent engineers has estimated that Ivanhoe Energy’s Tamarack Project, in the Athabasca region of Western Canada, contains best-estimate contingent resources of 441 million barrels of bitumen. This represents an increase of 81% over the best... Read more..
Cyclone Power Technologies announced that Advent Power Systems has made its final base payment to Cyclone under its Technology License Agreement. The timely delivery of this license fee secures for Advent the continuing rights to pursue power and motive applications for the Cyclone Engine with the U.S., European and Israeli military establishments, as well as large biomass applications. As Cyclone’s first licensee, Advent has been active over the... Read more..
Northern Offshore, Ltd. announced that its subsidiary, Northern Offshore U.K. Ltd., was awarded a contract with Ithaca Energy (UK) Limited (“Ithaca”), a subsidiary of the Canadian independent oil and gas company Ithaca Energy Inc., for the jackup Energy Enhancer. The one well tie back and completion program in the Jacky Field, Inner Moray Firth, is expected to begin mid-March 2009 and run approximately 20 days, excluding mobilization... Read more..
Bellefontaine Gas Producers LLC today started commercial operation of its landfill gas-to-energy project at the Republic Services-owned Cherokee Run Landfill here. The renewable energy project is owned by Bellefontaine Gas Producers LLC, which is a joint venture between DTE Biomass Energy and Shaw Environmental & Infrastructure Inc. The project, which utilizes three Caterpillar engines for a capacity of 4.8 megawatts, will sell energy produced... Read more..
BPZ Resources, Inc. announced that it closed the previously announced private placement of common stock for gross proceeds of approximately $43.6 million. The Company sold approximately 14.3 million shares to institutional and accredited investors at a price of $3.05 per share pursuant to a Stock Purchase Agreement dated as of February 19, 2009. Additionally, the International Finance Corporation (IFC) holds a right to participate in the offering... Read more..
Pro Energy Consultants, the nation’s first home energy audit franchise, announced today the national launch of its low-cost, home-based franchise concept. Pro Energy Consultants provides homeowners with qualified residential energy auditing designed to maximize the home’s energy efficiency and reduce energy costs. With more than 13 years of residential energy auditing and franchising experience, Pro Energy Consultants also offers entrepreneurs... Read more..
RedShift Energy LLC is pleased to announce the acquisition of Superior Solar Systems LLC on Monday, January 26, 2009. Superior Solar is a leading solar energy design and installation firm specializing in solar pool heaters, solar water heaters and photovoltaic systems used for producing solar electricity. Serving commercial, institutional and residential markets, the company has been in operation for more than 25 years. It’s located in Longwood,... Read more..