1. Home
  2. Articles posted by: Rona Fried (Page 1365)

American Superconductor to Deploy HTS Superconductors in NYC

American Superconductor Corp. (NASDAQ: AMSC) has signed a contract with Consolidated Edison, Inc. (ConEdison) (NYSE: ED), one of the largest investor-owned energy companies in the U.S., to develop and deploy a new high temperature superconductor (HTS) power grid technology in New York City. The Department of Homeland Security is expected to invest up to $25 million in the development of this technology to enable “Secure Super Grids” in the U.S. Secure Super Grids use customized HTS wires, HTS power cables and ancillary controls to deliver more power through the grid while also being able to suppress power surges that can disrupt service. “The Department of Homeland Security (DHS) is charged with protecting the infrastructure and systems that keep our nation and our economy running smoothly,” said Jay M. Cohen, the Department of Homeland Security’s Under Secretary for Science and Technology. “The U.S. power grid is one of our most valuable assets, and we are taking the steps necessary – through the use of our most advanced technologies – to ensure its safety. As we saw with the August 2003 blackout and in incidents since, disruptions to the power grid have far-reaching effects and a tremendous economic impact. We have asked […]

Read More

Boralex to Raise $100M

Boralex Inc. is raising $100 million in equity capital via a “bought deal” with an underwriting group led by Cormark Securities Inc. (formerly Sprott Securities) and including National Bank Financial Inc., GMP Securities LP, CIBC World Markets Inc., Desjardins Securities and TD Securities Inc. The underwriters will take up 6.67 million Boralex common shares at $15 a share for $100 million gross. The shares will later be sold to the public, with filing of a prospectus by May 24. The underwriters can buy a further 666,667 Boralex shares to bring the total amount raised to $110 million. Boralex, controlled by the Lemaire family through tissue and packaging giant Cascades Inc., plans expansion of its wind, hydro, biomass and natural gas-based private power stations in Quebec, the northeastern U.S. and France. It is also looking at the Ontario and British Columbia private power markets and might enter the Italian and Polish markets.

Read More

EnerNOC Launches Nasdaq IPO

EnerNOC (Nasdaq: ENOC), Energy management services company, saw its stock rise 24% on the first day of trading on Nasdaq on Friday. The company raised $97.5 million through its offer of 3.75 million shares at $26 per share, exceeding the $21-$23 forecast. EnerNoc has a market cap of $453 million. EnerNOC sells and manages hardware and software that monitors energy usage in buildings and shuts off power to save energy. Its competitor, Comverge, has seen its share price rise 33% since its IPO a month ago.

Read More

Canada's First SRI ETF Debuts

Jantzi Research Inc., in partnership with Barclays Global Investors Canada Ltd. have launched the first socially responsible Exchange Traded Fund (ETF) in Canada, iShares CDN Jantzi Social Index Fund (XEN). “The launch of this ETF is another example of the increasing demand in the area of socially responsible investment (SRI)” says Michael Jantzi, founder and president of Jantzi Research. “Today we can’t open a newspaper, listen to the radio, or watch TV without hearing about environmental issues, especially climate change. Canadians are looking for ways to put their concern into action and are beginning to realize that their investment dollars can be a powerful agent for changing and influencing corporate behaviour. They want to invest in companies that are trying to do the right thing and that are trying to make a difference.” The Fund provides exposure to companies that have positive environmental, social and governance (ESG) attributes. XEN will track the highly regarded Jantzi Social Index (JSI), a socially screened, market capitalization-weighted common stock index consisting of 60 Canadian companies that pass a set of broadly based ESG rating criteria. The Index was launched seven years ago and has increased in value by almost 78%, outpacing both the S&P/TSX […]

Read More

B.C. Leads in Organic Farming

URL: http://www.canada.com/vancouversun/story.html?id=86f0c3c9-ecec-4977-87a9-601ce4de6033&k=33756 Website: http://www.canada.com/vancouversun/story.html?id=86f0c3c9-ecec-4977-87a9-601ce4de6033&k=33756     

Read More