Raser Technologies Inaugurates Utah Geothermal Plant with Advanced Technology That Can Make Geothermal a Major Source of the U.S. Energy Supply

Raser Technologies, Inc., a leader in geothermal power generation, inaugurated late yesterday its first commercial-scale power plant, in Beaver County, Utah, demonstrating the viability of advanced technology that can make geothermal a major price-competitive resource for this country’s energy supply. The plant’s output has already been committed to supply electricity to Anaheim. The company noted that the Beaver County plant, called Thermo, was... Read more..

Prudential Capital Group Joins Syndicate in Raser’s Thermo Project Financing

Raser Technologies, Inc. announced that Prudential Capital Group, an institutional investment division of Prudential Financial, Inc., purchased the permanent debt financing for Raser’s 10 megawatt (MW) Thermo geothermal power project near Beaver, Utah, from the original project financier. The approximately $31 million of non-recourse debt financing helped construct the Thermo geothermal power plant which completed major construction elements last... Read more..

Odyne Corporation to Evaluate Strategic Alternatives and Retain Financial Advisor

Odyne Corporation, a clean technology company that develops advanced hybrid electric vehicle propulsion systems, announced today that the Company has retained Matrix USA, LLC as its financial advisor to evaluate the company’s strategic alternatives, including a possible sale of the company, a strategic partnership, a technology licensing agreement, or an additional raise of equity capital. The Company said there can be no assurance that any transaction... Read more..

World Energy Solutions, Inc. Acquires H-Hybrid Technologies, Inc. from UTEK Corporation

UTEK Corporation, an innovation services company, and World Energy Solutions, Inc, an energy services company and electronics manufacturer, are pleased to announce that World Energy Solutions, Inc. has acquired H-Hybrid Technologies, Inc., a wholly owned subsidiary of UTEK, in a stock transaction. H-Hybrid Technologies contains the H-Hybrid (trademark pending) designation as well as a worldwide exclusive license to patented inventions for an apparatus... Read more..

Agreement With Leading CO2 Capture Technology Firm, HTC Purenergy, Puts Doosan Babcock and the UK at Forefront of Carbon Capture Technology

Doosan Babcock jointly with Doosan Heavy Industries of Korea have announced a Global Technology Licensing Agreement with a leading Canadian CO2 management technology company, HTC Purenergy Inc. (“HTC”). In conjunction with the Licensing Agreement, Doosan Babcock and Doosan Heavy Industries will subscribe to a Private Placement for an approximate 15% equity share ownership in HTC and seat on HTC’s Board of Directors with the investment... Read more..

Seventeen Energy Companies Purchase Licenses under the Katz Portfolio of Patents Which Cover Customer Service Operations

It was announced that seventeen of the nation’s energy and utility companies have purchased licenses under the patent portfolio held by Ronald A. Katz Technology Licensing, L.P. and licensed through A2D, L.P. These separate licenses cover services offered by each of the companies in the “Energy and Utility Services” field of use. These services, including power outage reporting and customer service, are delivered through automated systems as... Read more..

Raser Technologies Adds 20,000 Acres to Its Thermo Resource Portfolio

Raser Technologies, Inc. announced that it has signed three new lease agreements covering more than 20,000 acres of geothermal, surface and other rights near its existing Thermo resource in Beaver County, Utah. The signing of these three leases increases Raser’s total holdings in the Thermo area to over 50,000 acres. Raser recently released the results of a report prepared by the prominent geothermal consulting firm, GeothermEx Inc., which concluded... Read more..

CB&I Finalizes Lending Arrangements

CB&I announced today that it has finalized amendments to its senior lending agreements, which had been out of compliance as a result of the company’s second quarter performance as previously announced. The amendments provide CB&I with continued access to the lending facilities for performance letters of credit, working capital and other corporate uses. About CB&I CB&I combines proven process technology with global capabilities... Read more..