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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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Mascoma, Tamarack Energy to Accelerate Commercialization of Cellulosic Ethanol

Tamarack Energy, Inc.and Mascoma Corporation, announced a joint venture to develop cellulosic ethanol facilities in New York, and in the future, Pennsylvania and New England states. Under the partnership, Mascoma will contribute its licensed and internally-developed cellulosic conversion technologies; Tamarack Energy will contribute its alternative energy development, permitting, operating, and financing abilities. “Mascoma has assembled a formidable powerhouse of technical talent that, when integrated with the Tamarack Energy team’s biomass project development, wood procurement, engineering, construction and facility operations experience, strategically positions us to lead the commercialization of ethanol production from cellulosic biomass,” said Tamarack Energy President Derek Amidon. “Given the number of sites across the northeast with access to cellulosic feedstocks, including scrap wood, paper sludge, and other forestry and agricultural biomass, the region is ideal for the renewable energy economic development projects and integrated plants which Tamarack Energy and Mascoma can develop.” Mascoma President Colin South added, “Mascoma is leading the development of cellulosic ethanol technology for an economically competitive fuel alternative. By working with Tamarack Energy to integrate our cellulosic ethanol plants into their bio-energy parks under development, we can reduce the cost and time required to bring cellulosic ethanol production to deployment and commercialization.” About Mascoma […]

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GE to Partner with New Mexico Tech on Green Communities

GE Global Research, the centralized research organization of the General Electric Company (NYSE: GE), announced it is partnering with New Mexico Tech in a multi-year program to develop and demonstrate the integration of sustainable technologies to create cost effective and energy efficient residential and commercial communities. Specifically, the program will integrate and optimize renewable energy and energy conservation technologies into homes and buildings, including solar energy; home security technologies; energy efficiency technologies such as advanced lighting and appliances; and advanced electrical distribution system technologies. These buildings and homes, known as energy-participating homes, can produce energy to meet part of their own needs, curtail some of their energy consumption if the grid around them is congested or the utility is at peak capacity, and in many cases put excess power back on to the grid. Integration of these homes and buildings into coordinated and energy efficient communities will be the focus of a subsequent phase of work. The technologies will be demonstrated in a currently vacant community in the town of Playas, New Mexico that is owned and operated by New Mexico Tech and used as a test bed. Dr. Juan de Bedout, GE’s technical leader for the program said, “This […]

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2054 – Escaping a Climate Disaster

URL: http://www.tallahassee.com/apps/pbcs.dll/article?AID=/20061126/OPINION05/611260305/1006/OPINION Website: http://www.tallahassee.com/apps/pbcs.dll/article?AID=/20061126/OPINION05/611260305/1006/OPINION     

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