The Dominion Resources GreenTech Incubator, a center to assist new businesses focused on energy efficiency and other clean and green technologies, is scheduled to open early next year in Ashland, Va., with financial support from Dominion, one of the nation’s largest producers of energy. Modeled after other successful technology incubators, the Dominion Resources GreenTech Incubator will provide assistance with research, financial services, business... Read more..
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..
VeraSun Energy Corporation, one of the nation’s largest ethanol producers, announced today that it had received commitments for up to $215 million in debtor in possession (DIP) financing from certain holders of VeraSun’s 9 7/8% senior secured notes due 2012 and groups of lenders led by AgStar Financial Services. At today’s “first day” hearing, the U.S. Bankruptcy Court entered an interim order allowing VeraSun and its... Read more..
Reval, a global leader in financial risk management solutions and services, announced today that it was recognized with an Alexander Hamilton Award at the 13th annual Treasury & Risk Magazine awards ceremony this week. Reval was awarded the silver award in the Technology of the Year category for its best in class FAS 157 Solution. This FAS 157 award follows Reval’s last year’s win as the only vendor to win Best Treasury Tool. The nine... Read more..
Outlook Resources Inc. wishes to announce that Agassiz Aqua Farms Inc. has entered into a 3 year, fixed credit mortgage financing , valued at $1,061,415, with Transwest Financial Services Corp. at an annual interest rate of 14%. Transwest will hold a first mortgage on Agassiz’s real property, a general security interest on all of Agassiz’s current assets and will hold security interests over future property or assets acquired with the... Read more..
The Discover® Small Business WatchSM dropped for the second straight month as news of a congressional rescue plan failed to lift the spirits or expectations of the nation’s 22 million small business owners. The index slipped 3.2 points in October to 71.4, the lowest confidence rating since the Watch was established in August 2006. “Faced with a barrage of bad news about financial markets and the economy, small business owners continue to tell... Read more..
GE is recharging the electrification of transportation by making its sixth equity investment in lithium-ion battery manufacturer A123Systems. GE invested $30 million in A123’s $102 million Series E financing, making it the battery manufacturer’s largest single cash investor – at 9 percent ownership. The investments were made by GE Commercial Finance – Equity and GE Energy Financial Services, bringing GE’s combined total investment in... Read more..
PowerSecure International, Inc. today announced that Basil M. Briggs, 72, who has served as the non-executive Chairman of the Board of the Company since April 2007 and on the Board of Directors of the Company since 1991, has retired for health reasons. The Board has appointed Anthony D. Pell, an independent director who has served on the Board since 1994, and who also serves as the Chairman of the Audit Committee and a member of the Compensation and... Read more..
Energi Holdings Inc. announced that it has completed the purchase of substantially all of the assets of Conifer Insurance Agency, Inc. The terms of the transaction were approved unanimously by both the Energi and Conifer Boards of Directors. The terms of the transaction are not disclosed at this time. The transaction provides the merged companies with an important revenue stream resulting from program administration activities, along with retail and... Read more..
SunPower Corporation, a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels, and solar systems, and GE announced today the completion of a 1.1-megawatt solar-electric power system on the roof of HP’s printing technology research and development facility in San Diego. The companies are jointly dedicating the system today at the HP site. SunPower is also providing HP employees with preferred rates on solar power systems... Read more..