SatCon Technology (Cambridge, MA) has announced fourth quarter financial results for the period ended 30 September, 2000. Revenue for the fourth quarter increased by $6.3 million, or 157 percent, to $10.3 million versus $4.0 million in the fourth quarter of 1999. Revenue for the year ended 30 September, 2000 increased by $15.6 million, or 100 […]
Power Measurement (British Columbia, Canada) has introduced two new features for its ION Series energy and power quality meters: Meter M@il e-mail messaging and WebMeter web-browser support. With MeterM@il, the company's 7500 ION and 7600 ION power meters can now automatically send high-priority alarm notifications or scheduled system-status updates as e-mail messages to anyone, anywhere […]
CP&L Energy (Raleigh, NC) has changed its name to Progress Energy. The new company includes CP&L, Florida Power, Progress Telecom, NCNG, SRS and Energy Ventures. The names of electric utilities CP&L and Florida Power will not change. CP&L completed its acquisition of Florida Progress Corp. on 30 November 2000. Progress Energy has more than $7 […]
The Caterpillar Uninterruptible Power Supply 250 (Cat UPS), an integrated flywheel-based power supply system developed by EPRI (Palo Alto, CA), Active Power Inc. (Austin, TX) and Caterpillar Inc. (Lafayette, IN) has been declared a winner in the 2000 R&D 100 Awards program sponsored by R&D Magazine (Oak Brook, IL). Considered to be one of the […]
Active Power Inc. (Austin, TX) announced that it has received an order from Liebert Corp. (Columbus, OH) for thirty-six 240kW CleanSource dc flywheel units valued at more than a million dollars. The CleanSource dc is a compact, reliable, non-toxic replacement for lead-acid batteries used with uninterruptible power supply (UPS) systems. Accordiing to Active Power, the […]
Microsemi Corp. (Santa Ana, CA) has introduced the first family in their new series of thyristor surge protection products, also known as crowbar devices. This new TCP080E and TCP120E Series of thyristor surge protectors is designed to protect sensitive telecommunications equipment from the hazards of lightning, power cross and power induction. Microsemi claims that these […]
Sonnenschein Lithium GmbH (Büdingen, Germany) announced their new Pulses Plus lithium batteries at the electronica 2000 conference. The company claims that these...
Apple Computer Inc.'s (Cupertino, CA) Power Macintosh G4 systems have been reported to have some problems. An Apple spokeswoman confirmed that overheating...
Metallic Power (Carlsbad, CA) announced that it has reached a milestone by demonstrating its latest prototype power source in a new portable...
Beacon Power Corp. (Woburn, MA) has completed an initial public offering of 8 million shares of common stock at $6 per share. All shares were offered by Beacon Power Corporation. The offering raised $44.6 million in gross proceeds to the company, which will be used for general corporate purposes, including research and product development, sales […]
Southern Energy Inc. (Atlanta, GA) announced the acquisition of a 20 percent interest in a 1,250MW power station under construction in Batangas, Philippines, for approximately $35 million. The power station, to be fueled by natural gas, will use the latest combined-cycle technology and advanced emission-control equipment to maximize efficiency and environmental performance. The project includes […]
SatCon Technology Corp. (Cambridge, MA) has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of shares of its common stock. The offering is being lead-managed by CIBC World Markets Corp., and the co-managers will be Banc Of America Securities LLC and FAC/Equities, a division of First Albany Corporation.
The board of directors of ABB Automation Inc. (Switzerland) has named Jörgen Centerman, 48, the successor of Göran Lindahl as President and...
Yuasa Inc. (Reading, PA) has undergone a series of serious changes lately. Exide Technologies (Princeton, NJ) recently sold off its 13.5-percent interest in Yuasa for $29.9 million. Exide expects to report a pre-tax gain of approximately $13.0 million on the sale of the investment in its third fiscal quarter, the proceeds of which will be […]
American Power Conversion (APC, West Kingston, RI), has announced an expansion to its Symmetra Power Array line of fully scalable and redundant...