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Wal-Mart To Purchase Sustainably Harvested Fish

Wal-Mart (NYSE: WMT) announced it will purchase all of its wild-caught fresh and frozen fish for the North American market from Marine Stewardship Council (MSC)-certified fisheries within the next three to five years. The first step toward this goal will be to have product that currently comes from MSC-certified fisheries carry the MSC eco-label starting later this year. “We believe it’s absolutely essential to take a leadership role in working with suppliers to ensure that the world’s wild fish populations can grow and replenish themselves,” said Peter Redmond, Wal-Mart vice president and divisional merchandise manager of deli and seafood. “The MSC label assures our customers that they are buying from a retailer that is taking concrete steps to keep wild-caught fish available to present and future generations.” Wal-Mart is encouraging fisheries to adopt policies that ensure customers will continue to be supplied with a full range of wild-caught fish. The company currently works with a number of MSC-certified fisheries and is giving non-certified suppliers three to five years to develop plans and programs to become certified. Said Rupert Howes, chief executive of the Marine Stewardship Council, “We hope this commitment to the MSC program will encourage other fisheries to participate […]

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Fuel Cell Technologies to Restructure, Halts Trading

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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DynaMotive Raises $4.3 Million

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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Suzlon to Supply 238 MW of Wind Turbine Capacity to John Deere

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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Itron Signs Largest Distribution Contract To Date

Itron (Nasdaq:ITRI) announced it signed its largest contract to date – with Pacific Gas and Electric Company (PG&E) – to provide California’s largest utility with software to assist the utility with design and construction of overhead and underground distribution lines. The $5 million in contracts includes software licensing, implementation and support services. Itron’s LD-Pro software reduces cost for utilities by improving their line design processes with automation, and by streamlining many of the labor-intensive and CAD-based distribution design functions utilities have employed for decades. This solution is intended to facilitate a more efficient design process resulting in reduced labor, optimal designs, reduced construction costs, and faster design turnaround. Itron is a leading technology provider to the global energy and water industries. Nearly 3,000 utilities worldwide rely on Itron’s technology to optimize the delivery and use of energy and water. Website: [sorry this link is no longer available]     

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SolarWorld to Acquire Shell Solar Crystalline Operations

SolarWorld AG announced it will acquire 100% of Shell’s crystalline solar business, making it the largest solar producer in the U.S. Shell decided to divest the business because it investing in thin-film solar. “In view of the recently launched comprehensive funding program in California, the SolarWorld Group will benefit from excellent growth opportunities with this expansion, creating a global ‘SolarWorld’ with production and sales representation in the most vigorously growing solar markets worldwide”, said Frank H. Asbeck, CEO. SolarWorld will take over manufacturing of solar silicon crystals, wafers, cells and modules in Vancouver, Washington and Camarillo, California. It will also take over solar cell operations in Gelsenkirchen, Germany, and the research and development team focusing on silicon technology based in Munich, Germany. In addition, by taking over Shell’s sales companies in Munich, Germany, Singapore and South Africa, it will establish a presence in Asia and Africa. The total production capacity that will be transferred to the SolarWorld Group amounts to 80 Megawatts. Shell will retain its Rural Solar business,which provides home energy solutions in rural markets. SolarWorld will supply the modules.

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