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O2Diesel Closes Private Placement

O2Diesel Corporation (AMEX:OTD) has closed a $1 million private placement with Singapore-based Energenics Holdings Pte Ltd. In September, the parties entered into a five year agreement for the supply of O2Diesel’s proprietary fuel technology. Energenics will brand the technology “EnerDiesel — Powered by O2Diesel,” in Asia Pacific & South Africa. “We are looking forward to working with Energenics to develop this exciting market for O2Diesel. The Asia Pacific & South Africa is an extremely important bioenergy market and partnering with Energenics is a major strategic development for O2Diesel Corporation,” commented Alan Rae, Chief Executive Officer of O2Diesel Corporation. O2Diesel provides a cleaner-burning diesel fuel alternative for centrally fueled fleets and off-road equipment. It is an ethanol-diesel blend that substantially reduces emissions without sacrificing power and performance. Website: [sorry this link is no longer available]     

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Climate Lawsuits May Surge

URL: http://www.planetark.com/dailynewsstory.cfm/newsid/39197/story.htm Website: http://www.planetark.com/dailynewsstory.cfm/newsid/39197/story.htm     

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Wal-Mart Announces Goal: 100M Efficient Light Bulbs

Wal-Mart Stores, Inc. (NYSE: WMT) announced a campaign to sell 100 million compact fluorescent light bulbs at its Wal-Mart and Sam’s Club locations by the end of 2007. If achieved, the goal would save customers as much as $3 billion in electrical costs over the life of the bulbs, says Wal-Mart. “We have a fundamental belief that all families should have access to affordable, sustainable goods, and compact fluorescent light bulbs are a great way for our customers to save money,” Wal-Mart Vice President of Corporate Strategy and Sustainability Andy Ruben said. “The working families and small businesses that are our customers will not only save money when shopping with us, but also on their electric bills, all the while benefiting the environment.” Wal-Mart and Sam’s Club have implemented a multi-dimensional plan to help sell the 100 million CFLs. The plan includes: 1. Interactive displays at 100 select Wal-Mart stores beginning January 2007, to help customers choose which CFLs best fit their needs. An online savings calculator is currently available at www.Samsclub.com 2. Educational displays to allow customers to compare qualities and styles, and demonstrate the potential savings associated with each type of CFL. 3. Increased shelf space with prominent […]

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Carmakers Say CA's Greenhouse Rules Would Endanger SUVs!

The auto industry said Monday that lawsuits over vehicles’ greenhouse gas emissions could eventually force manufacturers to eliminate big SUVs from the market in California, an assertion denied by environmental attorneys and the state air quality board. “If we lost (in court),” said Dave Barthmuss, General Motors’ spokesman for environmental and energy affairs, “certain vehicles could not be offered for sale — vehicles that consume more fuel than others. There would be fewer SUVs and we might not be able to offer them for sale in California. It could spell the end of the big SUV in California.” At the California Air Resources Board, however, spokesman Jerry Martin said the 2002 law in question cannot force the auto industry to reduce the size of its vehicles or to abandon any models it wants to keep selling. The spat over what may happen to SUVs in California stems from a pair of federal court lawsuits that have been going on for years but are back in the news because one of them is scheduled to be argued Wednesday before the U.S. Supreme Court. In that case, California, along with 11 other states and several environmental organizations, wants federal limits on vehicle […]

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American Superconductor Acquires Windtec

American Superconductor Corp. (NASDAQ: AMSC)has signed an agreement to acquire Windtec, a privately held company based in Klagenfurt, Austria. Windtec develops and licenses proprietary wind turbine system designs, and sells wind turbine electrical systems. The transaction’s closing is expected in January 2007. “Wind power is one of the most dynamic markets in electrical energy today, and virtually all industry experts predict that it will play an increasingly important role in powering the world’s homes and businesses,” said Greg Yurek, CEO and founder of American Superconductor. “According to the Global Wind Energy Council, the installed base of wind generated electricity worldwide is expected to double from approximately 59,000 megawatts in 2005 to nearly 135,000 megawatts in 2010. We believe this acquisition will strongly enhance AMSC’s revenue growth in the wind energy market and speed the time to achieving overall corporate profitability.” The Windtec purchase price is 1.3 million shares of AMSC common stock, valued at approximately $12.4 million based on yesterday’s closing price. The AMSC shares to be issued at the closing are subject to a lockup whereby the sole owner and founder of Windtec, Gerald Hehenberger, may sell only a certain number of shares per year through January 2010. The […]

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