Marine Energy Market: Huge Potential for the UK

Global warming, energy security and rising oil prices have resuscitated the marine energy sector. Ocean energy is a predictable and abundant source of energy with the ability to supply approximately 10% of the world’s electricity needs. The value of worldwide electricity revenues from wave and tidal stream projects could ultimately be between pounds sterling 60bn (euro 77.40bn) and pounds sterling 190bn (euro 245.10bn) per year. The United Kingdom... Read more..

Vattenfall and ScottishPower Renewables Join Forces for Round Three

Two giants of the renewables industry, Vattenfall and ScottishPower Renewables, have entered into partnership to make joint bids in the third round of offshore wind farm development in the UK. Their common goal is to establish 6,000 MW of installed wind power capacity, corresponding to enough clean green energy to power four million homes by 2020. ScottishPower Renewables, part of the world’s largest wind power operator and developer, Iberdrola... Read more..

Hydro International Supplies Reg-U-Flo Vortex Valves to Alleviate Flooding in Ottawa

Hydro International, a leading provider of environmentally sustainable products and innovative solutions that control and treat stormwater, wastewater and combined sewer overflows, today announced an agreement to supply the City of Ottawa, Canada, with 940 Reg-U-Flo® Vortex Valve inlet control devices to alleviate basement flooding in the downtown area. The City expects to install 485 Reg-U-Flo devices in a two-phase project by the summer of 2009.... Read more..

Airtricity Deploys Wholesale Operations Management Solution for the Single Electricity Market

Ventyx®, the world’s largest private software provider to the energy and utility industry, today announced completion of an extensive MarketManager® implementation for Airtricity Holdings Ltd., a world-leading renewable energy company, to support operation in the new All-Island Single Electricity Market (SEM). The SEM, which went live on 1st November 2007, is the wholesale electricity market operating in the Republic of Ireland and Northern... Read more..

Trilliant Incorporated Secures $40 Million Equity Financing From MissionPoint Capital Partners and zouk ventures

Trilliant Incorporated, a leader in delivering intelligent network solutions that form the nervous system of the Smart Grid, today announced that it has closed a $40 million equity investment from an affiliate of MissionPoint Capital Partners and zouk ventures. MissionPoint and zouk are leading international investors in the low-carbon and clean energy markets. The proceeds from the financing, which was led by MissionPoint, will be used to accelerate... Read more..

Global Resource Corp. Realigns Management and Board with Experts to Bring Company to Global Markets

Global Resource Corp., a developer of a patent-pending microwave technology and machinery for extracting oil and gas, announced today that it has installed a new management team and added two directors with world-class expertise to execute its transition from research into a major manufacturer and global marketer of hydrocarbon technologies. Frank Pringle, 65, said he was retiring effective immediately from day-to-day activity but will remain on as... Read more..

Foster Wheeler Awarded Conceptual & Basic Design of New Alcon Pharmaceutical Manufacturing Plant in Singapore

Foster Wheeler Ltd. announced today that its U.S. subsidiary, Biokinetics, Inc., along with Foster Wheeler’s Singapore office, both part of its Global Engineering and Construction Group, has been awarded a contract by Alcon Laboratories Inc. to provide engineering and architectural services for the conceptual and basic design of its new 250,000 square foot manufacturing facility to be located in the Tuas Biomedical Park in Singapore. The plant... Read more..

Marathon to Donate $2.4 Million to Create Future Fuels Gallery at the Detroit Science Center

Marathon Oil Corporation announced a $2.4 million grant to the Detroit Science Center for the creation of a new Future Fuels Gallery at the museum. The 6,000 square-foot, three-story gallery will be one of the museum’s largest exhibit areas and the Midwest’s only public, educational display of petroleum and alternative fuels technology. It is planned to open at the Science Center in 2010. Future Fuels will give the public an up-close look... Read more..

Acquisition of Kelman Limited Furthers GE Energy’s “Smart Grid” Capabilities with Utilities

GE Energy has acquired Kelman Limited of Lisburn, Northern Ireland, a leading provider of advanced monitoring and diagnostics technologies for transformers, enhancing GE’s smart grid product portfolio. GE’s smart grid offerings are designed to help utilities increase productivity and reliability, while also providing consumers with information to better manage their electricity use and expenses. Integrating real-time data and information management... Read more..