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March 2008
March 31, 2008
New Study Shows Flywheel UPS System Seven Times Less Likely to ... - Centre Daily Times
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Alcoa Power Generating Inc.: Setting the Record Straight Relicensing the Yadkin Project will not place North Carolina's water resources in jeopardy
BADIN, N.C., March 31 /PRNewswire/ -- Despite recent claims made by Stanly County officials, the relicensing of Alcoa Power Generating Inc.'s (APGI) Yadkin Hydroelectric Project will not jeopardize North Carolina's water resources. The new license, supported by 23 organizations in North Carolina and South Carolina, will provide a host of benefits for North Carolina including improved water quality, stronger habitat protections, land conservation and new recreational opportunities. "APGI has worked hard over the past 5 1/2 years with stakeholders across the state to find a balance among all the interests in the Yadkin watershed," said Gene Ellis, APGI Licensing & Property Manager. "North Carolina's water resources are not -- and never have been -- at risk." Responsible Water Management During Drought Earns Praise for APGI APGI's management of the water supply during the ongoing drought has earned praise from North Carolina and South Carolina state agencies, local homeowners associations and industrial users. It is one example of how we are working with stakeholders to find solutions and protect the water supply during periods of scarcity. The new license will include a drought management plan that protects North Carolina's water supply by requiring APGI to send less water downstream and reduce hydropower generation during times of drought. "Alcoa has voluntarily operated High Rock since last September in accordance with the terms we all negotiated, even though they are not technically bound to do so. As a result, we've survived the current drought with great water levels and significant improvement in water quality. Talk to fishermen and lake residents, you'll find everyone is enjoying the lake this year," said Larry Jones, president of High Rock Lake Association. Through careful management, APGI has kept water levels at our reservoirs along the Yadkin River well above their historical averages throughout this prolonged drought. All reservoirs in the Yadkin Project remain near full. Understanding the FERC Process for Water Withdrawals Claims that North Carolina's water supply is at risk are simply not true. FERC has approved procedures that provide for new water withdrawals. These procedures, developed in concert with North Carolina agencies, will not change as a result of the relicensing process. "We've been withdrawing water from the Yadkin River since the late 1940s. Alcoa has worked closely with us to obtain FERC approval for our withdrawals, and the Relicensing Settlement Agreement calls for an increase of four to five times the amount of water we currently use," said Whit Whitley, Mayor of Albemarle. "The city of Albemarle supports a new license for Alcoa and looks forward to the many benefits it will provide." During the current license term, FERC approved three new water withdrawals and allowed a municipal water user to increase its water withdrawals from the Yadkin River. About the Relicensing of the Yadkin Project The Yadkin Hydroelectric Project, owned and operated by Alcoa Power Generating Inc. (APGI), is comprised of four dams and powerhouses along a 38-mile stretch of the Yadkin River in central North Carolina. The existing 50-year license from the Federal Energy Regulatory Commission (FERC) expires in April 2008. The federal relicensing of the Yadkin Project has been underway for more than five years and has involved stakeholders from North Carolina and South Carolina, including state agencies, local governments, environmental interest groups, homeowners and businesses. A Relicensing Settlement Agreement -- signed by 23 organizations and submitted to FERC in May 2007 -- will improve water quality, protect the water supply during drought conditions and provide more than 6,000 acres to be used for recreation, conservation and game lands. CONTACT: Robert Brown, 1-919-810-1901,
Generating Inc., or Gene Ellis, Licensing and Property Manager, Alcoa Power
Generating Inc., 1-704-422-5606 office, 1-704-796- 5824 cell,
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China market powers growth for electric bike manufacturer: Canaccord - National Post
China market powers growth for electric bike manufacturer: Canaccord National Post, Canada - a Moreover, ZPPa s ongoing fuel cell research provides additional option value and the companya s large cash balance could be used to improve the upside from ... |
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European homes to have ,200 fuel cell by 2010: Acumentrics
European homes to have ,200 fuel cell by 2010: Acumentrics by Tyler on Mon 31 Mar 2008 07:25 PM EDT Interesting story in the Boston Globe about Westwood, Mass.-based Acumentrics, a maker of solid-oxide fuel cells. The article states the the company is working with Italian heating products firm Merloni TermoSanitari to develop a commercial household version of its fuel cell, which would hit the European market by 2010 and cost around ,200. Solid oxide fuel cells run much hotter than
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Hemiwedge(R) Cartridge Valve Selects Brock Easley as Sales Representative for the Rocky Mountain Region
CONROE, Texas, March 31 /PRNewswire-FirstCall/ -- Shumate Industries Larry Prentice, President of Brock Easley and Valve Repair Consultants, said, "Our job is to provide innovative products and services that will save our customers money. The Hemiwedge(R) Cartridge Valve is unique and is supported by a very talented engineering staff in Conroe, Texas. Through our service technicians, we experience on a daily basis, customers with failed critical service valves. It is great to have a new solution for many of their challenging applications." The Hemiwedge(R) Cartridge Valve is a proprietary technology that targets process and industrial applications such as isolation block valves, emergency shut-down, CO2 and water injection, and especially critical shutoff of service fluids with entrained sand and abrasive particulates. Hemiwedge(R)'s patented hemispherical wedge design offers improved shutoff performance over legacy engineered ball, gate, and plug valves due to wedging action during the final seating. The proprietary cartridge technology encases all the internals of the valve within the cartridge and allows in-line replacements, significantly reducing down-time and supply disruption, especially in higher maintenance service applications containing entrained solids such as line scale, sand, and debris. Kevin Vincent, Sales Manager for Hemiwedge Valve Corporation, said, "We are excited to partner with Brock Easley to bring the Hemiwedge(R) Cartridge Valve to this geographic market. We were looking for a technically oriented organization of sales professionals to match our product to the right applications within the oil, gas, and power industries. This is exactly what Brock Easley has built its tremendous reputation and success on -- solving valve application problems." Vincent further stated, "After a ramping up period, we currently anticipate sales of the Hemiwedge(R) Cartridge Valve to be several million annually in the Rocky Mountain region." Ken Chickering, President of Hemiwedge Valve Corporation, stated, "Brock Easley's sales organization has an impeccable reputation for professional services to their clients, and we are pleased to be aligned with them." Shumate Industries, Inc. is a Texas-based energy field services company that incorporates new technologies to bring products to market leveraging its existing infrastructure, expertise and customer channels. The Company operates through two wholly owned subsidiaries: 1.) Shumate Machine Works, a contract machining and manufacturing division focused in oilfield tubular products, and 2.) Hemiwedge Valve Corporation, a proprietary new valve technology division. The Hemiwedge division commercialized its Hemiwedge(R) Cartridge valve product line targeting oil, gas, process and power markets in early 2007 and is in prototype development of its Hemiwedge(R) sub-sea high pressure valve product line and a Hemiwedge(R) down-hole valve product line which it intends to commercialize via corporate partners. For additional information on the Company and its products, please visit http://www.shumateinc.com/. Forward-Looking Statements This document contains discussion of items that may constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, customer concentration risk, difficulties in refinancing its debt, difficulties in consolidating the operations of the Company's operating subsidiaries, difficulties in accelerating internal sales growth, volatility of the energy business and its effects on the Company's business, difficulties in new technology acceptance within the energy industry, restrictive covenants in our existing credit facilities, fluctuations in metals prices, general economic conditions in markets in which we do business, extensive environmental and workplace regulation by federal and state agencies and other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission. All information provided in this release and in the attachments is as of March 31, 2008 and the Company undertakes no duty to update this information. CONTACT: Matthew Flemming of Shumate Industries, Inc., Conroe, Web site: http://www.shumateinc.com/
1-936-539-9533; Investor Relations, Craig T. Stewart, 1-585-218-7371,
both of North Coast Advisors, Inc.
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Virgin Atlantic Joins Project Driveway, Using Chevrolet Equinox Hydrogen Fuel Cell Electric Vehicles To Transport VIP Passengers
In the current market, the public's perception of greening the environment is key. Virgin Atlantic Airways, Ltd. has jumped into the eco-friendly game with its announcement it will use Chevrolet Equinox hydrogen fuel cell vehicles for its "complimentary
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Quantum to Supply Modular Hydrogen Refueling Station to Shell Hydrogen - FOXBusiness
Quantum to Supply Modular Hydrogen Refueling Station to Shell Hydrogen FOXBusiness - ... and assembly capabilities provide fast-to-market solutions to support the production of hybrid and plug-in hybrid, hydrogen-powered hybrid, fuel cell, ... |
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World Energy's President To Speak at Wall Street Green Trading Summit Philip Adams to discuss finding value through the transaction process
WORCESTER, MA, March 31 /PRNewswire-FirstCall/ -- World Energy Solutions, Inc. (TSX: XWE), a leading operator of online exchanges for energy and environmental commodities, today announced Phil Adams, president and chief operating officer, will be speaking at this week's Wall Street Green Trading Summit in New York City. The 7th Annual Wall Street Green Trading Summit is the seminal New York City environmental financial market event covering carbon emissions trading and finance, renewable energy markets, cleantech VC, green hedge funds and energy efficiency financial markets. Panel details: - Session title: "REC Market Issues That Need to Be Resolved: Finding Value through the Transaction Process" - Date: Wednesday, April 2, 2008 - Time: 3:00 p.m. ET - Location: The Times Center 242 W. 41st Street New York, NY The Regional Greenhouse Gas Initiative (RGGI) recently announced that it has selected World Energy Solutions to provide services related to the design and implementation of a regional allowance auction. According to RGGI, the first ever CO(2) allowance auction in the nation for a mandatory emissions reduction program is scheduled to take place on September 10, 2008, followed by a second auction on December 17, 2008. Regional auctions will take place on a quarterly basis, with the first compliance period for the RGGI cap-and-trade program to begin on January 1, 2009. To view the full release, visit: http://www.rggi.org/press.htm. For more information, please visit World Energy's Green Blog. About World Energy Solutions, Inc. World Energy operates leading online exchanges for energy and environmental commodities. Our proven approach provides market intelligence, promotes liquidity, and creates price transparency for all market participants, enabling our customers to transact with confidence and to seek the best possible price. To date, the company has transacted over 40 billion kwh of electricity, nearly one billion kwh of green power and Renewable Energy Certificates (RECs) and one trillion cubic feet of natural gas. For more information, please visit http://www.worldenergy.com/. This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to: our revenue is dependent on actual future energy purchases pursuant to completed procurements; the demand for our services is affected by changes in regulated prices or cyclicality or volatility in competitive market prices for energy; we depend on a small number of key energy consumers, suppliers and channel partners; there are factors outside our control that affect transaction volume in the electricity market; and there are other factors identified in our Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. CONTACT: Investor Relations: Phil Adams, World Energy Solutions Inc.,
(508) 459-8100,
(416) 815-0700 x278,
Crotty, Horn Group, (617) 431-1027,
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HydroGen Corporation Reports Results for the Fiscal Year Ended ... - FOXBusiness
HydroGen Corporation Reports Results for the Fiscal Year Ended ... FOXBusiness - The partnership positions both companies for market leadership in the global multi-megawatt fuel cell market. * HydroGen Corporation appointed Dr. Alton D. ... |
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Acorn Energy Announces Plan to Acquire Software Innovation, Developer of Coreworx(TM) Acorn to extend its reach in intelligent energy infrastructure
MONTCHANIN, Del., March 31 /PRNewswire-FirstCall/ -- Acorn Energy, Inc. (Logo: http://www.newscom.com/cgi-bin/prnh/20080205/NYTU084LOGO) John Moore, CEO of Acorn Energy stated, "Skyrocketing energy demand has created a global energy infrastructure crisis. As energy producers drill deeper for oil and build larger mines and next-generation power plants, the cost and complexity of these projects are becoming problematic. At the same time, existing tools for planning and controlling these projects are inadequate and the supply of experienced professionals is dwindling. Coreworx is the leading productivity tool for effectively managing the new level of construction complexity in energy and other infrastructure projects. We were impressed that Coreworx has been adopted as the corporate standard at energy construction companies like Chevron and Fluor. We look forward to having Ray Simonson and his team join the Acorn family of companies. We believe that their ambitious vision, combined with the additional resources we can bring to bear, will grow Coreworx into a holistic tool for the intelligent plant of the future." Ray Simonson, CEO of Software Innovation said, "We are very pleased to have the opportunity to work with people who share our vision and passion for transforming the world energy infrastructure. With the additional resources and support brought to us by Acorn Energy, we can build on our success in the construction collaboration arena and launch into the next phase of our strategy -- building the intelligent plant of the future." About Software Innovation Inc. Software Innovation provides unique solutions for Owner-Operators and EPC companies who manage capital projects. Its flagship product, Coreworx, is a construction collaboration system designed to optimize large capital project execution by supporting the entire project lifecycle and infusing the resulting asset with intelligence and memory. This integrated solution dramatically reduces costs and timelines of construction, and mitigates legal and financial risks. At the same time it paves the way for more automated and intelligent plant operations. Software Innovation delivers technology solutions tailored for clients in a variety of vertical markets. Founded in 1997, Software Innovation has offices in Waterloo, Ontario and Houston, TX and services clients globally. Coreworx is currently in use on more than 400 capital projects with over 70,000 users worldwide. For more information see http://www.coreworxinc.com/. About Acorn Energy, Inc. Acorn Energy is a publicly traded holding company focused on improving the efficiency of the energy grid and reducing the environmental impact of the energy sector. Acorn Energy's operating companies leverage advanced technologies to transform the existing energy infrastructure. Acorn's strategy is to take primarily controlling positions in companies led by great entrepreneurs and add value by supporting those companies with marketing, strategy and business development. Acorn Energy is a global company with equity interests in Comverge, CoaLogix, DSIT, Gridsense, Local Power and Paketeria. For more information visit http://www.acornenergyinc.com/. Safe Harbor Statement This press release includes forward-looking statements, which are subject to risks and uncertainties. The completion of the acquisition of Software Innovation Inc. described in this release is subject to completion by Acorn Energy, Inc. of its due diligence and execution of a definitive purchase agreement and any conditions to closing. There is no assurance Acorn Energy will be able to complete its acquisition of Software Innovation. There is also no assurance that the Coreworx software will develop into a holistic tool for designing the intelligent plant of the future. A complete discussion of the risks and uncertainties which may affect Acorn Energy's business generally is included in "Risk Factors" in the Company's most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission. CONTACT: Christianna Miller Director of Communications Acorn Energy, Inc. (302) 656-1707 CONTACT: Christianna Miller, Director of Communications, Acorn Energy, Web site: http://www.acornenergyinc.com/
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk,
Inc., 1-302-656-1707,
http://www.coreworxinc.com/
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