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Image - U.S. Offshore Oil Production Going Up

U.S. Offshore Oil Production Going Up

Offshore oil production is finally rebounding from the moratorium and "permitorium" that President Obama instituted in 2010 when the Deepwater Horizon accident occurred in the Gulf of Mexico. Production from offshore oil fields is partially offsetting declining output from shale regions onshore where oil producers have cut back production due to lower oil prices. Offshore oil production in 2015 was just 1.3 percent below its 2009 peak and is expected to exceed that peak this year and next, ac...

Oil and Gas Jun 29, 2016


Image - Wartsila supplies 161 MW Flexicycle power plant to Saudi Arabia

Wartsila supplies 161 MW Flexicycle power plant to Saudi Arabia

Wartsila has signed a major contract to supply a 161 MW Flexicycle (combined cycle) power plant to Yamama Cement Company in Saudi Arabia. Wartsila will deliver a full EPC (Engineering, Procurement & Construction) project. In addition to the EPC contract, a 5-year operation and maintenance management agreement and a 10-year spare parts supply agreement have also been signed. The power plant includes ten 18-cylinder Wartsila 50DF dual-fuel engines and a steam turbine. The value of the order is ...

Power Generation Jun 30, 2016




Image - Sungevity, Inc. to Become Public Company Through Merger Agreement with Easterly Acquisition Corp.

Sungevity, Inc. to Become Public Company Through Merger Agreement with Easterly Acquisition Corp.

Sungevity, Inc. a technology-driven solutions provider, offering exceptional service and choice to residential and commercial solar energy customers, and Easterly Acquisition Corp. today announced that they have entered into a definitive merger agreement. This transaction is expected significantly to enhance Sungevity's competitive position, accelerate its strategic development and cement its long-term growth opportunity. Pursuant to the transaction, which is subject to customary closing cond...

General News Jun 29, 2016


Image - Itron Smart Payment Solution Selected to Improve Nationwide Electrification in Indonesia

Itron Smart Payment Solution Selected to Improve Nationwide Electrification in Indonesia

Itron, Inc. a world-leading technology and services company dedicated to the resourceful use of energy and water, announced today that PT Mecoindo, a joint venture between Itron and a local partner, signed a contract with PT PLN (Persero), a state-owned utility company in Jakarta, Indonesia, to deploy 635,000 Itron smart payment meters. With this Itron solution, PT PLN will provide end-customers with a convenient, cost-effective way to prepay for electricity; thus improving electrification for S...

General News Jun 28, 2016


Image - AECOM Awarded Alliant Energy Riverside Energy Center Expansion Project Contract to Bring the Next Combined Cycle Gas Turbine Generation Plant to Wisconsin

AECOM Awarded Alliant Energy Riverside Energy Center Expansion Project Contract to Bring the Next Combined Cycle Gas Turbine Generation Plan...

AECOM, a premier, fully integrated global infrastructure firm, announced today that it has been selected as the Engineering, Procurement and Construction (EPC) contractor for the Alliant Energy Riverside Energy Center expansion project. The new facility will use gas-fired combustion turbine technology to produce approximately 700 megawatts of electricity for Alliant Energy customers in Wisconsin. The value of the contract will be included in AECOM's backlog for the fiscal third quarter. "We'r...

Oil and Gas Jun 28, 2016


Image - Ocean Power Technologies Announces the Deployment of Its PB3 PowerBuoy with Integrated Payload from National Data Buoy Center

Ocean Power Technologies Announces the Deployment of Its PB3 PowerBuoy with Integrated Payload from National Data Buoy Center

Ocean Power Technologies, Inc. announced today that it has re-deployed the PB3-A1 PowerBuoy(r) ("PB3 PowerBuoy" or "PB3-A1") off the coast of New Jersey after completion of necessary repairs and maintenance actions, and the integration of the National Data Buoy Center ("NDBC") Self-Contained Ocean Observing Payload ("SCOOP"). The deployment of SCOOP is part of the previously announced Cooperative Research and Development Agreement ("CRADA") between OPT and NDBC. SCOOP collects site-specific da...

Hydro Jun 28, 2016


Image - U.S. Geothermal Inc. Updates Two Development Projects

U.S. Geothermal Inc. Updates Two Development Projects

U.S. Geothermal Inc. a leading and profitable renewable energy company focused on the development, production, and sale of electricity from geothermal energy, announced today an update on two of its advanced stage development projects. El Ceibillo (Guatemala) Drilling of a new large diameter well, EC-5, began June 9. Well EC-5 is targeting the production zone previously encountered in well EC-2A. Well EC-5 will be used to test the geothermal reservoir's flow characteristics and provide cri...

General News Jun 27, 2016


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Image - SunPower Solar Panel Again Raises the Bar in Efficiency

SunPower Solar Panel Again Raises the Bar in Efficiency

SunPower has again set a new solar power panel efficiency record, as validated by the U.S. Department of Energy's National Renewable Energy Laboratory (NREL). After achieving 22.8 percent efficiency for its X-Series solar panel earlier this year, SunPower has reached 24.1 percent efficiency - surpassing the previous world record for the highest efficiency of a solar panel using silicon cells. "With greater efficiency, we can fit more watts on the roof with the outstanding reliability of the S...

Solar Jun 27, 2016


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