Plans by wind power firm Gamesa (Madrid, Spain) to sell wind park assets has been halted by key shareholder Iberdrola (Spain) after an announcement that the sale had not been approved by the board. Gamesa was forced to confirm a report that it was receiving offers for the sale of 1,000MW of assets in Spain, […]
The British government has granted approval to build what will be the country's largest wind farm with the capability to generate electricity for 40,000 homes. The 35-million pound (US$51.0 million) development at Cefn Croes, Wales, will have 39 three-bladed, wind-powered turbines, with a working life of up to 30 years. Work on the wind farm […]
General Motors Corp. (GM, Detroit, MI) revealed that it is taking further steps toward the commercialization of fuel cells as a power source in cars and other applications with the construction of a new 7,200m² facility in upstate New York for fuel cell research. The center will be used to develop the materials and processes […]
Stuart Energy Systems Corp. (Toronto, ON) announced that it will take a one-time charge of CDN$6.0 million in its fourth-quarter 2002 financial results in connection with the retrofit of nine hydrogen systems, including costs related to customer support and inventory replacement. The affected components are covered under Stuart Energy's warranty program and are scheduled for […]
The chairman, CEO and board member of Tyco International Ltd. (Pembroke, Bermuda), L. Dennis Kozlowski, has resigned amid mounting criticism of his corporate strategy and a report that he is under investigation for avoiding personal taxes. The company said in a statement that Kozlowski left for "personal reasons," and that former CEO John Fort, a […]
Maxwell Technologies Inc. (San Diego, CA) announced that it has signed a definitive agreement to acquire Montena Components Ltd. (Matran, Switzerland), a privately held manufacturer and marketer of ultracapacitors, high-voltage capacitors, and high-speed capacitors and battery-winding equipment, for 2.475 million shares of Maxwell common stock. The transaction, valued at approximately $30.0 million, is expected to […]
Allegro MicroSystems Inc. (Worcester, MA) announced the release of its next-generation, zero-speed, high-accuracy, gear-tooth speed sensor, the ATS665, which is an optimized...
Cypress Semiconductor Corp. (San Jose, CA) announced that it has signed an agreement to invest in SunPower Corp. (Sunnyvale, CA), a leading manufacturer of ultra-high-efficiency silicon solar cells for solar-powered aircraft and racecars, and silicon-based devices for telecommunications and industrial applications. Under the terms of the deal, Cypress will invest $8.8 million for an initial […]
Energy Conversion Technologies Inc. (ECTI, Markham, ON) announced that it has completed a private placement of 500,000 special warrants, which sold at a price of $1.00 per warrant, for proceeds to ECTI of $500,000.00. The proceeds from the special warrant offering will be used primarily in support of existing production, for business expansion and augmentation […]
Azure Dynamics Corp. (Vancouver, BC) announced its third-quarter results. For the quarter ended March 31, 2002, the company incurred a net loss of $1,505,418, or $0.04 per share, compared to a net loss for the same quarter of the preceding fiscal year of $583,931, or $0.03 per share. The increase in the deficit in the […]
Exide Technologies (Princeton, NJ) announced that Craig Muhlhauser has been named Chairman of the Board of Directors of Exide, effective May 17, 2002. Muhlhauser succeeds Robert Lutz, who resigned as chairman, but will remain a director of Exide. Lutz had been chairman since December 1998. Muhlhauser has been a director and CEO since September 2001. […]
Electric Fuel Corp. (New York) announced that the Regional Transportation Commission of Southern Nevada (RTC) has agreed to participate in a proposed demonstration of Electric Fuel's revolutionary zinc-air fuel cell system operating a mini-fleet of transit buses in Las Vegas. Electric Fuel's zinc-air, zero-emission, electric transit bus is designed to provide enough energy to power […]
Electrovaya Inc. (Toronto, ON) announced that it has signed a memorandum of understanding with CAMI Automotive Inc. (Ingersoll, ON), a joint-venture company between General Motors of Canada Ltd. and Suzuki Motor Corp., to develop zero-emission vehicles utilizing Electrovaya's power and control technology in CAMI's sport utility vehicles (SUVs). "Each party provides its expertise in the […]
Avestor (Quebec) has agreed to license solid-state electrolyte and battery technology developed by Solicore Inc. (Lakeland, FL). The two companies plan to jointly develop the patented technology, a dry electrolyte that is a non-compressible, non-combustible and non-toxic film, so it can be used in products being developed by Avestor for the automotive, telecommunications and energy […]
IXYS Corp. (Santa Clara, CA) announces the introduction of its new MII 400-12E4 dual-pack, 400A/1,200V, IGBT module, which is suitable for high-power inverters for such applications as ac and dc motor drives, motor drives for electric vehicles and mass transit systems, electric welding, and high-power UPSs. The new MII 400-12E4 IGBT module is rated at […]