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Suzlon Wind Energy Corporation of Chicago, Illinois, a subsidiary of Suzlon Energy Ltd, based in Pune, India, has signed a Master Turbine Supply Agreement with John Deere Credit, for 238 megawatts of wind turbine capacity to be installed in the United States in 2006. Deere Credit, based in Johnston, Iowa, manages wind power investments and development for Deere & Company. Nacelles and some rotor sets will be shipped from India to the United States. Some wind turbine blades will originate from the Suzlon Rotor Corporation’s new manufacturing facility in Pipestone, Minnesota. Suzlon anticipates its U.S.-based production facility will begin producing blades in April 2006. Suzlon Energy is a fully integrated international wind power company and ranks as the world’s sixth leading supplier of wind turbines. The company integrates consultancy, design, manufacturing, operation and maintenance services to provide customers with total wind power solutions. Suzlon has a subsidiary in Germany for technology development, an R&D facility in the Netherlands for rotor blade molding and tooling, and wind turbine and rotor blade manufacturing facilities in India and the United States. Website: http://www.suzlon.com
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DynaMotive Energy Systems Corporation (OTCBB:DYMTF) announced it has raised $ 4.3 million in private equity since December 1, 2005 plus an additional $ 0.7 million from the exercise of warrants and options. The Company further announced that it has commenced its capital and development program for 2006. Key objectives of the program include the development of two 200 tonne per day projects previously announced, as well as a program of advanced technology development and product testing. The Company is entitled to receive matching funding from Technology Partnerships Canada for certain aspects of its development program, thus allowing it to further leverage its investment in technology. “We are pleased to announce the success of our financing initiatives and the implementation of a capital spending program that will result in accelerated development of advanced pyrolysis plants and a more aggressive market penetration program,” said Andrew Kingston, President & CEO of DynaMotive. “In December, after careful review of our near-term revenue expectations, our outstanding warrant and option positions, project finance capabilities and capital requirements for 2006 and 2007, we were able to reduce our near-term financing requirements and have thus avoided unnecessary dilution to shareholders. Protecting and enhancing shareholder value is a key […]
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Effective February 1, 2006, Fuel Cell Technologies halted trading in its shares and announced an agreement with Madison Pacific Properties Inc. where FCTC will reorganize its business and receive from Madison an investment of $1,550,000. The reorganization will take place by way of a statutory arrangement. FCT currently has 48,940,000 issued and outstanding Common Shares. Madison, a Vancouver-based, TSX listed, real estate company (TSX:MPC), has provided FCT with a non-refundable deposit of $200,000, and has also established an interim, secured, demand credit facility (the “Facility”) for FCT, to a maximum of $300,000. The deposit amounts and any amounts borrowed by FCT from Madison will be applied to the Madison investment. Under the arrangement, FCT will consolidate its Common Shares on a 10 to 1 basis. FCT will then reorganize its capital into non-voting, participating, Class A Shares, voting, participating, Class B Shares, and non-voting, fixed price, redeemable, non-participating, Preferred Shares. Each Common Share of FCT will be exchanged for one Class A Share, one Class B Share and one Preferred Share. Madison will invest $1,550,000 inclusive of any amounts advanced under the Facility in FCT in exchange for the issuance of 72,602,667 Class A Shares and 3,200,000 Class B Shares. […]
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News and Events President Bush Proposes Energy Initiative to Slash Oil Imports New Study Confirms Energy Benefit of Ethanol Fuel Ford Unveils Hybrid that Can Run on Ethanol-Rich Fuel U.S. Wind Industry Marks 2005 as its Most Productive Year Ever DOE and 15 Federal Agencies Sign Green Building Agreement DOE Conducts Energy Saving Assessment at Fertilizer PlantEnergy ConnectionsNuclear Plant Revival Advances with Approval of New Design News and EventsPresident Bush Proposes Energy Initiative to Slash Oil ImportsPresident Bush outlined an Advanced Energy Initiative in last night’s State of the Union Address, with the goal of replacing more than 75 percent of U.S. oil imports from the Middle East by 2025. The Initiative provides for a 22 percent increase in clean energy research at DOE. “America is addicted to oil, which is often imported from unstable parts of the world,” said President Bush. “The best way to break this addiction is through technology.” See the State of the Union Address on the White House Web site.A White House fact sheet on the Initiative gives a preview of the President’s proposed budget for 2007, which will include a new $148 million Solar America Initiative to accelerate the development of solar cells. The […]
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FuelCell Energy, Inc. (FCE) has been selected by the U.S. Department of Energy (DOE) for a five-year, $2.1 million cost-shared project to develop a high temperature membrane for low humidity operation of Polymer Electrolyte Membrane (PEM) fuel cells. FuelCell Energy was awarded one of 12 competitively bid projects that will receive a total of $19 million in federal funding for polymer membrane research. The overall goal of this research is to advance membrane durability and extend shelf-life, while simultaneously bringing down its cost. The project includes the development of a composite membrane for high temperature (120(degrees)C) PEM fuel cell operation. The composite membrane is intended to have the mechanical strength and water retention capability required for efficient operation and reduced system cost. Traditional PEM fuel cells operate at approximately 60(degrees)C to 80(degrees)C and operation at higher temperatures would reduce cost and increase efficiency. The project award is part of a broader program announced on Jan. 24, 2006, totaling $119 million in funding and including a roadmap aimed at identifying and overcoming the technical and manufacturing challenges associated with the further development of commercially available hydrogen fuel cell vehicles. The DOE will provide $100 million over four years for additional research […]
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Enercon GmbH has designated Maxwell Technologies, Inc. (MXWL) as a preferred supplier, and has placed a 1.5 million-unit purchase order for ultracapacitors for wind turbine blade pitch systems. Alain Riedo, vice president and general manager of Maxwell’s Swiss subsidiary, Maxwell Technologies SA, said that Enercon currently uses BOOSTCAP ultracapacitors for backup energy storage and power delivery in wind turbines models ranging in output from 300 kW to 6 MW. “In addition to being one of the world’s largest wind turbine producers, Enercon is recognized as a leading innovator in the design and manufacture of megawatt class turbines,” Riedo said. “To optimize energy output and enhance system reliability and longevity, each of Enercon’s turbines’ three blades has an independent braking and pitch adjustment mechanism with backup power to ensure continuous operation in the event of a power failure. Each turbine incorporates from 200 to 700 BOOSTCAP ultracapacitors for backup power.” Ulrich Neundlinger, Enercon’s managing director of switching units, said that the company is expanding its use of ultracapacitors for blade pitch system backup power after initial deployments confirmed their significant advantages over traditional battery solutions. Website: http://www.maxwell.com
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SatCon Technology Corp. (SATC) has been awarded a Phase I SBIR contract by the U.S. Army to develop a combined starter and generator for hybrid powertrain military vehicles. SatCon’s Applied Technology division is currently developing DC/DC converters (pulse power and battery chargers), starter generators, auxiliary power units, and main generators for hybrid electric vehicles for U. S. Army advanced technology vehicles. This award expands SatCon’s portfolio of vehicle power technologies with the development of an integrated starter/generator based on advanced permanent magnet machinery design concepts. “This new SatCon program further solidifies our push into the hybrid electric vehicle sector as we continue to advance the technology in pursuit of high reliability mobility solutions,” stated SatCon’s President & Chief Operating Officer, Millard Firebaugh. “This most recent award supplements a broad array of hybrid electric vehicle development activity underway at SatCon.” Website: http://www.satcon.com
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Caraustar Industries, Inc. (CSAR) said on Tuesday it will raise prices on all uncoated recycled paperboard grades and mill converted products. Prices will increase by $40 per ton. The price increase will be implemented in two stages. The previously announced and implemented $25 per ton energy surcharge will be converted to a $25 per ton price increase, effective February 10. An additional $15 per ton price increase will be implemented effective March 10. Caraustar stated this price increase is necessary as critical energy-related costs remain high without expectation that these costs will return to historic levels. Website: http://www.caraustar.com/
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URL: http://money.cnn.com/2006/02/01/news/companies/pluggedin_fortune/ Website: http://money.cnn.com/2006/02/01/news/companies/pluggedin_fortune/
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URL: http://www.socialfunds.com/news/article.cgi/article1912.html Website: http://www.socialfunds.com/news/article.cgi/article1912.html
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