Grundfos Pumps and SunPower Dedicate 1.1 Megawatt Solar Power System

Grundfos Pumps Corporation and SunPower Corporation dedicated a 1.1 megawatt solar power system at the Grundfos facility in Fresno. The system features a ground-mounted, high-efficiency SunPower sun tracking system on a 7.5-acre site. It is expected to reduce carbon dioxide emissions generated at the site by almost 2.4 million pounds annually, which is the equivalent to removing close to 200 cars from California’s highways each year. “Grundfos... Read more..

Massey Energy Names New Company President

Massey Energy announced that its board of directors has elected Baxter F. Phillips, Jr. to be president of the company, a position formerly held by Don L. Blankenship. Blankenship will continue to serve the company as chairman and CEO. Phillips most recently served as executive vice president and chief administrative officer of the company. In his new role, Phillips will assume increased responsibility for Massey Energy’s aggressive strategic... Read more..

Pritchard Capital Partners Hires Senior Professionals to Expand Sales and Trading Group

Pritchard Capital Partners, an energy investment bank and institutional financial services firm, announced today additional expansions to its institutional sales and trading teams with the addition of Owen Jones and John Joyce. Mr. Jones joins as a senior vice president sales trader based in the Washington, D.C., office and Mr. Joyce joins as a senior vice president in the firm’s institutional sales team in the New York office. Mr. Jones has... Read more..

Atlantic Energy Solutions Closes on $10 Million Transaction With Trafalgar Capital

Atlantic Energy Solutions, Inc. announce that that they have closed on their transaction with Trafalgar Capital Specialized Investment Fund, a Luxembourg-based company that specializes in working with small cap companies in helping them achieve their growth objectives. Trafalgar has committed up to $10,000,000 over a two-year period with the initial funding of $2,500,000 provided to Atlantic Energy Solutions in support of the Company’s growth... Read more..

The Brattle Group Projects $1.5 to $2.0 Trillion Investment Needed in the U.S. Electric Utility Industry by 2030

The U.S. utility industry will have to invest between $1.5 and $2.0 trillion between 2010 and 2030 to maintain current levels of reliable energy service for customers throughout the country, according to a new report issued today by The Brattle Group. The findings are detailed in “Transforming America’s Power Industry: The Investment Challenge 2010-2030,” presented today by Peter Fox-Penner, a principal of The Brattle Group, at the... Read more..

South Africa’s Minister of Minerals and Energy Welcomes Denham Capital Investment in BioTherm Energy to Develop Power Generation Business

Denham Capital, a leading energy-focused global private equity firm, announced today that it will invest equity of up to R1,5 billion (US $150 million, 95 million pounds Sterling) in BioTherm Energy, a South African developer, owner and operator of renewable and clean energy generation projects. Commenting on Denham Capital’s investment, Buyelwa Sonjica, South Africa Minister of Minerals and Energy said, “Having opened BioTherm’s... 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..

Mass Megawatts Wind Power, Inc. (MMGW) Announces Expansion Into Smaller Wind Power Plant Market

Mass Megawatts Wind Power, Inc. announces that it is spearheading an expansion into the small, wind power plant manufacturing market. These units are often used for residential homes, farms and other small businesses. Due to the unprecedented demand for these units from recently passed federal tax credit legislation, Mass Megawatts is making preparation for establishing itself as a premier alternative to the traditional horizontal or propeller- style... Read more..

USA Biomass to Chair Platts’ National Biomass Power Forum

USA Biomass Chairman Robert Cleaves will chair Platts’ highly anticipated national Biomass Power Forum November 6-7 in Florida, which features biopower experts from throughout the country — including Cleaves — who will explore biomass economics, key biomass finance structures, the role biomass plays in meeting RPS, and opportunities for expansion and financial investment in this growing industry. “It’s an honor to chair... Read more..

EDF Energies Nouvelles Orders an Additional 75 MWp in Photovoltaic Panels from First Solar

EDF Energies Nouvelles is continuing its strategy of purchasing photovoltaic panels by signing an order for a further 75 MWp in capacity from First Solar due for delivery in 2009 and 2010. This deal between EDF Energies Nouvelles and US company First Solar, which manufactures thin-film technology photovoltaic modules, comes on top of the contracts already signed in July 2007 and early 2008 for 292 MWp in capacity due for delivery between year-end... Read more..