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Earless Corn?

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GE Energy Signs $730M Wind Turbine Agreement

GE Energy (NYSE: GE) has signed a global agreement with the renewables division of EDP – Energias de Portugal, SA, the world’s fourth largest wind project developer. GE will supply over 500 megawatts (MW) of wind turbines for EDP’s 2008 and 2009 projects in Europe and the U.S. The agreement is valued at $730 million, bringing GE Energy’s recent wind turbine order announcements to more than $1 billion. GE will: — Supply Neo Energia, the European renewable branch of EDP, with 80 2.5xl wind turbines for new wind projects in Europe — Provide Horizon Wind Energy LLC, EDP’s American branch, with 201 1.5MW wind turbines for projects in the U.S., at sites yet to be determined. EDP, Portugal’s largest power group, purchased Houston-based Horizon earlier this month, as part of an expansion into the North American wind energy industry. “In the U.S. and around the world, we continue to see strong interest in the production of cleaner, wind-generated electricity,” said Victor Abate, Vice President-Renewables for GE Energy. “In the U.S. alone, more than 2,400 megawatts of new wind power was installed in 2006 while worldwide, more than 15,000 megawatts were installed, according to the Global Wind Energy Council.” Says Antonio […]

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PepsiCo Lauded as EPA Green Power Purchaser of 2007

PepsiCo purchases more than 1 billion kilowatt-hours of green power annually, which makes it the largest purchaser of green power in the nation among EPA Green Power Partners. PepsiCo has received a 2007 Green Power Leadership award from the U.S. Environmental Protection Agency (EPA), which recognizes leading national green power purchasers for their commitment and contribution to helping advance the development of the nation’s green power market. PepsiCo also ranks No. 1 on EPA’s Fortune 500 List of green power purchasers. The goal of EPA’s Fortune 500 Challenge is to exceed 5 billion kilowatt-hours of collective annual green power purchasing among the America’s largest companies. Currently, there are nearly 50 Fortune 500 companies in EPA’s Green Power Partnership. Based on national average emissions rates, the U.S. EPA estimates PepsiCo’s purchase is the same amount of electricity needed to power nearly 90,000 average American homes annually. “Green power” is defined as electricity that is generated from environmentally preferable renewable resources, such as solar, wind, geothermal, biogas, biomass, and low-impact hydro. Three of Pepsi-Cola largest bottlers in North America also purchased renewable energy certificates (REC) to match 100% of the electricity used by their U.S. operations. Combined, The Pepsi Bottling Group, Inc., […]

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A123Systems Receives $30M

A123Systems, developer and producer of patent-pending Nanophosphate” lithium ion batteries, today announced it has completed a $30 million round of funding, bringing the total capital invested in the company to $132 million. A123Systems will use the funds to increase production capacity for new contract awards for hybrid electric, plug-in hybrid electric and extended range electric vehicle design wins with major automakers including a contract to co-develop proprietary cells for the GM E-FLEX program. A123Systems continues to expand its fast growing power tool battery business with Black & Decker Corporation, the world’s largest manufacturer of cordless tools, where the company is helping drive the transition from nickel technology to doped Nanophosphate lithium ion technology. A123Systems recently opened a state-of-the-art manufacturing site for the company’s Automotive Class Lithium Ion batteries. The site is designed for large scale handling of nano-materials, advanced particle control equipment and clean room environments needed to support the stringent manufacturing and quality requirements of the automotive market. Said David Vieau, CEO and president, “We have vertically integrated production from key raw materials to finished cells, incorporating best practices at every level to deliver high quality products with superior performance.” Investors in the company include General Electric, Procter & […]

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