Companies West Group Inc. Implements New Initiatives to Fund Long Term Renewable Energy Solutions

Companies West Group Inc. continues to exploit diverse natural energy resources to fund the company’s long term goal of providing alternative energy solutions. The company has recently engaged in the coal mining sector and will now employ the profits acquired from crude oil production. Companies West has and will continue to use the most current earth clean technologies to remain environmentally responsible. Over the past 8 months management... Read more..

Homeland Energy and GMR Extend Share Delivery Date to Finalize Alternative Transaction

Homeland Energy Group Ltd. announces that GMR Energy Limited, of Bangalore India, and Homeland Energy have agreed to a further extension of the completion date by which Homeland Energy Corp. must complete the repurchase of the shares of the Company’s South African operations from GMR. The extension to February 7, 2009 is expected to allow the Company to finalize an alternative commercial solution with GMR or another party. Any alternative arrangement,... Read more..

New Jobs Created at Ontario Aerospace Company

Cyclone Manufacturing Inc. of Mississauga, Ontario is creating 133 jobs by investing in new technology that will help improve its products and win new business. The company makes parts for aerospace manufacturers. Their customers have included Boeing, Bombardier and Embraer. By innovating, Cyclone can use new materials to make aircraft parts that are lighter. This allows their customers to make aircraft that are more fuel efficient, lowering costs... Read more..

Cameron Receives $83 Million Award for Subsea Systems From Chevron

Cameron has received an order worth approximately $83 million for the supply of subsea production systems for Phase II of Chevron’s Tahiti subsea development in the Gulf of Mexico. The project includes eight 15,000-psi subsea trees, production control systems, connection systems, engineering and project management services and related equipment. Deliveries are scheduled to begin in the fourth quarter of 2009 and to continue through 2012. Cameron... 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..

CB&I Awarded Contract for LNG Expansion Project in China

CB&I has been awarded a contract for an LNG import terminal expansion project in Fujian Province, China, by CNOOC Fujian LNG Co. Ltd. The contract value is confidential. CB&I’s scope of work includes engineering, procurement and construction of two additional 160,000 cubic meter full containment LNG storage tanks. The project is scheduled to be completed in 2011. “This award follows CB&I’s successful completion of the first phase... Read more..

China BAK Funded by National 863 Program for its Electric Vehicles Battery Project

China BAK Battery, Inc., one of the largest lithium-ion battery cell manufacturers in the world, as measured by production output, today announced its Electric Vehicles Lithium-phosphate Power Battery Industrialization Project has been selected as a key project of the PRC’s National High Technology Research and Development Program, or “863 Program”, by the PRC’s Ministry of Science and Technology. Under expected terms of the... Read more..

AES Subsidiary Secures Financing for 22 MW North Rhins Wind Farm in Scotland

The AES Corporation announced that its wholly-owned subsidiary, Wind Energy (North Rhins), Limited, secured £35.1 million in long-term financing to construct and operate the 22 MW North Rhins wind farm in Scotland, UK. The £35.1 million facility is a non-recourse senior project construction and term loan from Barclays Commercial Bank. The loan is repayable over 15 years from the start of commercial operation, which is scheduled for October 2009. The... Read more..

U.S. Energy Corp. Announces Investment in Geothermal Entity

U.S. Energy Corp. announced that it has invested $3.445 million in Standard Steam Trust LLC, a private geothermal exploration and development company based in Denver, Colorado. Current capitalization of SST (with other partners) is $13.8 million (25% USE), which now includes approximately 60,000 acres of BLM, state and fee leases in seven prospect areas in three states. Acreage accumulation is ongoing, with 15,216 acres (included in the figure above)... Read more..

Synatom Agrees to Make Additional Strategic Investment in Powertech

POWERTECH URANIUM CORP. and SOCIETE BELGE DE COMBUSTIBLES NUCLEAIRES SYNATOM SA announce that they have entered into a Loan Agreement, pursuant to which Synatom has provided the Company with a bridge loan in the amount of Cdn.$2,500,000. The Company has also entered into a Private Placement Agreement with Powertech (USA) Inc. and Synatom pursuant to which Synatom has agreed to make a strategic investment of Cdn.$9 million by way of the purchase of... Read more..