Ocean Power Technologies Wins New $3 Million Contract from US Navy

Ocean Power Technologies, Inc. announce that it has been awarded a new $3 million contract for participation in the second phase of the US Navy’s Deep Water Active Detection Systems (“DWADS”) program, which is designed to utilize sophisticated data gathering and communications systems. This advanced technology program has prospective applications using multiple PowerBuoys® for homeland security including powering sensor networks over wide areas... Read more..

Constellation Energy Announces Key Executive Appointments

Constellation Energy announced two new management appointments – Jonathan (Jack) W. Thayer as chief financial officer and Charles A. Berardesco as general counsel – as the Company progresses toward closing its merger with MidAmerican Energy Holdings Company. The appointments are effective immediately. “Jack and Charlie are talented and experienced executives, who possess extensive knowledge of their disciplines, as well as a deep understanding... Read more..

Ocean Power Technologies Launches PowerBuoy for US Navy

Ocean Power Technologies, Inc. announces that it has installed and commissioned one of its autonomous PowerBuoy® systems off the coast of New Jersey under contract from the US Navy in connection with a unique program for ocean data gathering. The Navy’s Deep Water Active Detection System (“DWADS”) program is designed to utilize sophisticated data gathering and communications systems. This advanced technology program has prospective applications,... Read more..

Couple Breaks Guinness World Record for U.S. Fuel Efficiency

After 22 days, driving 9,419 miles and using less than 12 tanks of Shell Ultra Low Sulfur Diesel fuel, global world-record holders John and Helen Taylor broke the existing Guinness World Record for lowest fuel consumption on a road trip across the continental United States. On this drive, which began Sept. 3, the Taylors achieved 58.82 miles per gallon, surpassing the existing record by more than seven mpg, improving the record by 14 percent. Following... Read more..

Brodeur Partners Launches Clean Technology Practice

Brodeur Partners today launched its Clean Technology practice to help emerging and established companies attract public support for environmentally friendly technologies and sustainable “green” business initiatives. Brodeur Partners’ new practice draws on 23 years of experience in business and consumer technology and the firm’s global reach — 80 offices in 50 countries across EMEA, North and South America and Asia-Pacific... Read more..

Ocean Power Technologies Wins New $2M Award from US Department of Energy

Ocean Power Technologies, Inc. announces that it has received a US$2.0 million award from the US Department of Energy (DoE), in support of OPT’s wave power project in Reedsport, Oregon. The DoE grant will be used to help fund the fabrication, assembly and factory testing of the first PowerBuoy® to be installed at the Reedsport site. This system will be a 150 kilowatt-rated PB150 PowerBuoy, major portions of which will be fabricated and integrated... Read more..

Babcock & Brown Commences Construction of Majestic Wind Farm in Texas Panhandle

Babcock & Brown, a leader in wind energy development, operation and maintenance, today announced the closing of financing and commencement of construction of its 79.5 megawatt (MW) Majestic Wind Farm near Panhandle, Texas, northeast of Amarillo. The project is expected to finish construction and reach full commercial operation before the end of 2008. Babcock & Brown was a leading supporter of designation of the Central Panhandle Region as... Read more..

Fuel Efficient Couple En Route To Break Guinness World Record for Lowest Fuel Consumption

Two of the world’s most fuel efficient drivers, John and Helen Taylor, are a third of the way through their attempt to break the current world record for lowest fuel consumption across the 48 contiguous United States. Today they will be driving into their ninth day, passing through the northern states of the Great Plains, including South Dakota, North Dakota and Montana. To help them along the way, they are driving the all-new, 50-state-compliant... Read more..

Entergy Warns of Precarious Power Island Situation in Southeastern Louisiana

Entergy’s transmission system has sustained extremely severe damage from Hurricane Gustav, damage that could make power restoration a difficult and slow process, especially in southeastern Louisiana. In terms of power outages, Hurricane Gustav was the second worst in Entergy’s 95-year history, peaking at about 850,000 early Tuesday — the overwhelming majority of them in Louisiana. That easily bypassed the 800,000 outages in Hurricane... Read more..

TransCanada Closes Ravenswood Generating Station Acquisition

TransCanada Corporation announced that through its subsidiaries, it has acquired all the outstanding equity of both KeySpan-Ravenswood, LLC and KeySpan Ravenswood Services Corp., the companies which together own, control and operate the 2,480 megawatt (MW) Ravenswood Generating Station (Ravenswood) located in Queens, New York for US$2.8 billion plus closing adjustments. “This acquisition positions TransCanada as a strong competitor in the New... Read more..