Power Integrations Inc. (San Jose, CA) Chairman and CEO Howard Earhart recently participated in a roundtable of business leaders and entrepreneurs hosted by President George W. Bush in Los Angeles. The roundtable focused on energy conservation and the various ways that technology could contribute to the efficient use of energy. Earhart gave an interactive demonstration […]
Chairman Victor Weiss of Cymbet Corp. (Elk River, MN) recently announced receipt of a $4.5 million private placement of equity securities from Merchant Venture Investments (Netherlands) and Millennium Materials Fund Two (Israel). Cymbet was cofounded by Mark Jenson and Genesis Business Centers as a development-stage company to develop a low-cost manufacturing process for advanced solid-state […]
Metretek Technologies Inc. (Melbourne, FL) announced that its wholly owned subsidiary, PowerSecure Inc. (Denver, CO), has been awarded its first distributed-generation project for the retail marketplace. The project, which will consist of seven generators at five retail locations, is expected to be completed in the third quarter of 2001. The five locations that were awarded […]
Pulizzi Engineering Inc. (Santa Ana, CA) recently debuted the TPC4100 Series of three-phase, high-current power distribution systems. The TPC4100 Series is designed...
Microsemi Corp. (Irvine, CA) has launched the first in its new line of self-programmable transient voltage suppressors for use in low-voltage clamping applications. Microsemi's new SM14LV1.7C is designed to reduce I/O line transients that exceed the bus or rail voltage to less than half those margins of its earlier transient protection methods. Previously, Microsemi offered […]
STMicroelectronics (Switzerland) announced that it is limiting its 2001 capital investments to $1.5 billion and is transferring its Ottawa front-end wafer-fabrication production to its other manufacturing facilities around the world. Capital expenditures, which were earlier forecast to be approximately $1.9 billion, have been reduced. In addition to these measures, ST announced that it is taking […]
ENCORP Inc. (Windsor, CO) has signed an agreement with New Millennium Power Inc. (Roswell, NM) to jointly develop, market and implement on-site power-generation projects. Under the agreement, ENCORP and New Millennium Power will jointly pursue on-site power-generation projects that incorporate the companies' complementary products. "This is an excellent agreement that can have a significant impact […]
EMEX Corp. (New York, NY) Blue Star Sustainable Technologies division has completed engineering designs for a new fuel-processing system designed to provide hydrogen feed for fuel cell systems. Production of a prototype of this catalytic system, which is designed for a 5kW electrical fuel cell power system, has begun. The fuel-processing system will be a […]
Ballard Power Systems Inc. (Canada) announced that it has completed its acquisition of the carbon products business unit of Textron Systems (Wilmington, MA). The deal was closed for $12.8 million on May 25, 2001. The acquired business, now known as Ballard Material Products Inc., is a wholly owned subsidiary of Ballard Power Systems. Ballard's new […]
GreenVOLT Power (GVLT, Canada) announced its new Refcell, a reverse fuel cell that can be energized by wind or photovoltaic power sources to split water into its component gasses. GVLT reports that its Refcell can be used to supply the hydrogen needed to fuel other fuel cells. GVLT's Refcell is claimed to require 20 percent […]
ABB Electricity Metering (Raleigh, NC) has announced a firmware (V215) upgrade for the ION 8300, 8400 and 8500 advanced revenue meters. This firmware upgrade allows the ION meters to use Internet technologies such as Web Server, XML and e-mail applications and has improved security, event log reporting and time-of-use configurations. For real-time access to the […]
Nuvera Fuel Cell Inc. (Cambridge, MA) and RWE Plus AG (Germany) announced that they will form a joint venture to develop and distribute fuel-cell systems in Europe. The partners plan to develop, manufacture and sell combined heat and power (CHP) fuel cell systems with an electrical output of up to 50kW for use in residential […]
SL Industries Inc. (Mt. Laurel, NJ) announced that its board of directors has voted to suspend the company's regular semi-annual cash dividend, which would have been payable in June 2001. As previously announced, the company is presently not in compliance with certain financial covenants in its credit facility. As a result, the company is precluded […]
Synergy Technologies Corp. (Canada) announced that a 2.5 liter SynGen reactor system, designed by the company and installed at its Calgary facility, had successfully reformed feeds of natural gas into the hydrogen-rich fuel required for fuel cells. The company claims that the 2.5 liter system, which has been developed to demonstrate and optimize reformer design […]
AstroPower Inc. (Newark, DE) and GPU Solar announced that their solar-electric power plant in Hopland, CA exceeded expectations for annual output during its first year of operation. The 132kW plant is owned and operated by GPU Solar, a joint venture of AstroPower and GPU Diversified Holdings (Morristown, NJ), in cooperation with Green Mountain Energy Co. […]