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Fuel Tech Awarded Air Pollution Control Orders

Fuel Tech, Inc. (Nasdaq: FTEK) was awarded multiple air pollution control orders totaling $16.2 million. Two of the orders, representing $14.5 million, were issued by a major existing electric utility customer in the Southwestern United States and comprise five NOxOUT® Selective Non-Catalytic Reduction (SNCR) systems. These systems will be installed at two power stations firing a blend of lignite and Powder River Basin coals, with component deliveries commencing during the second quarter of 2008 and project completion scheduled for the third quarter. Separately, an order was also secured from a Southeastern utility alliance partner for installation of a NOxOUT SNCR system on a coal-fired boiler. John F. Norris Jr., President and Chief Executive Officer, commented, “Following the recent completion of mapping and modeling activities on these five units, we are truly elated to be playing such a pivotal role in the comprehensive nitrogen oxide (NOx) reduction strategy of this Southwestern customer. At $14.5 million, this initiative not only represents a significant combined order, but also a strong commitment to the Company’s technologies. Moreover, when coupled with the order from our Southeastern utility alliance partner and our $3.7 million announcement earlier this month, we have now recorded nearly $20 million in […]

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Investments Soar in Clean Energy

$18.1 billion was invested in the clean energy sector in 2006, a 67% increase from 2005. The rising trend line continues with $10.6 billion invested for the first half of 2007. There are close to 200 private equity funds focused on the sector. $8.6 billion was invested in companies and $9.5 billion was invested in projects last year, according to the report, Cleaning Up 2007, by New Energy Finance This rapid growth tells only half the story: during 2006, clean energy VCs invested only 73% of the total money available to them, with $2 billion residing in funds and waiting to be invested. This is a symptom of a market where demand for deals is higher than supply, which is driving up company valuations. All regions experienced significant growth in 2006. The Americas saw investment of $7.1bn – an increase of 83% on 2005 – as mainstream investors woke up to the opportunities in clean energy, especially in biofuels. There was a 62% increase to $9.2bn in funds invested in Europe, Middle East & Africa, mainly driven by PE investment in companies and projects. Companies and projects in the Asia & Oceania region received $1.8bn in investment, up 26%, driven […]

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