Transistor Devices Inc. (TDI, Hackettstown, NJ) announced its new LCE-H Series inverter (LCE-H), which is a next-generation inverter evolved from the flagship...
Shengye Electrical Co. Ltd. (China) announced its CBB41 switching power filter capacitors, which feature epoxy resin sealing, and copper chip terminals. Suitable...
Caterpillar Inc. (Peoria, IL) and Eaton Corp. announced a joint venture to provide a total systems approach to integrated, reliable electric power distribution system (PDS) solutions for customer needs. The joint venture combines the global resources and expertise of Caterpillar, the Caterpillar® dealer network, and Eaton's Cutler-Hammer Group. Eaton will own 51% of the joint […]
Magnetek Inc. (Chatsworth, CA) announced that it has entered into a distribution agreement with Norvell Electronics Inc. (Carrollton, TX). The distribution agreement enables Norvell Electronics to market Magnetek's complete range of power-electronic products to original equipment manufacturers (OEMs) throughout its markets in the southwestern US. "Historically, Magnetek has primarily been a manufacturer of advanced, custom […]
Vishay Intertechnology Inc. (Malvern, PA) has promoted Glyndwr Smith to Executive Vice President. He begins the new position immediately. In addition to serving in his new position of Executive Vice President, Market Intelligence, Smith will remain Assistant to the CEO. He is also Chairman of the Board of Siliconix Inc., an 80.4%-owned subsidiary of Vishay. […]
FPL Energy LLC (Juno Beach, FL), a subsidiary of FPL Group Inc. (Juno Beach, FL), announced it will build, own and operate...
FuelCell Energy Inc. (FCE, Danbury, CT) announced that it has invested $2 million in Versa Power Systems (Des Plaines, IL) and will be represented on Versa's board. With this equity investment, representing 15.8% of Versa's shares, FuelCell Energy will be in a position to provide greater input in the solid-oxide fuel cell (SOFC) technology developed […]
Avista Labs Corp. (Spokane, WA), a leading provider of reliability-based fuel cell solutions for premium backup power, has secured US$7.5 million in its first round of independent financing. The financing syndicate, led by Chrysalix Energy LP (Vancouver, BC, Canada) includes Wall Street Technology Partners (New York), and Buerk Craig Victor LLC (Seattle, WA). The financing […]
FuelCell Energy Inc. (FCE, Danbury, CT) and Global Thermoelectric Inc., a leading developer of solid-oxide fuel cell (SOFC) technology, announced that they have entered into a definitive agreement for FuelCell to acquire Global in an all-stock transaction. Under the terms of the agreement, the transaction is valued at US$2.72, or approximately CDN$3.82, per Global common […]
FPL Energy LLC (Juno Beach, FL), a subsidiary of FPL Group Inc. (Juno Beach, FL), announced that it will build, own and operate the Meyersdale Wind Energy Center, a 30MW wind farm in Pennsylvania. It will sell the electricity output to FirstEnergy Solutions, a subsidiary of FirstEnergy Corp. (Akron, OH), under a long-term contract. FPL […]
Alternate Energy Corp. (AEC, Las Vegas, NV), a producer of low-cost hydrogen gas, announced that it has signed a letter of intent with Astris Energi Inc., a leader in alkaline fuel cells. The proposed joint venture plans to produce complete stationary electric power systems for the worldwide household and commercial markets. The merging of a […]
Avista Corp. (Spokane, WA) announced that it has filed an appeal which, if approved, would allow the Federal Energy Regulatory Commission (FERC) to directly resolve the agency's pending investigation of Avista's trading practices. Avista filed the appeal with Chief Administrative Law Judge Curtis Wagner Jr., who declined to certify an agreement that would resolve the […]
Caterpillar Inc. (Peoria, IL) announced the sale of five of the company's largest gas-fired engines to supply energy for a new electrical power plant in Geneva, IL, located 40 miles west of Chicago. The $18 million project involves construction of a 29MW power plant capable of providing critical peak power for up to 40,000 homes. […]
As part of a two-year research and development study to evaluate the effects of distributed generation (DG) on the California utility grid, the California Energy Commission (CEC) has contracted Reflective Energies to monitor up to a dozen generation and interconnection sites throughout the state. To help gather the necessary real-time and logged data from each […]
FirstEnergy Corp. (Akron, OH) reported that basic earnings per share of common stock on a non-GAAP basis for the second quarter of 2003 were $0.52, before a loss on discontinued operations and unusual charges. Including these items, the company reported a net loss of $57.9 million, or $0.20 per share. This compares with expected second-quarter […]