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12th March 2010
US hydrogen fuel cell developer NASDAQ-listed Hydrogenics has completed the consolidation of its issued and outstanding common shares, implemented with a ratio of one post-consolidation share for every 25 pre-consolidation shares.
12th March 2010
Wave energy developer Ocean Power Technologies (OPT) reduced its net loss in the last nine months of 2009 as it increased profits despite a drop in revenues.
11th March 2010
The first 510 large-scale projects have been given the go-ahead under a new feed-in tariff (FIT) programme launched in Ontario, Canada.
10th March 2010
Energy group E.ON said it continued to invest in renewables through large-scale wind-farm projects in the US and its first solar projects during 2009 despite recording a six per cent drop in sales
10th March 2010
The US Department of Energy (DOE) has launched a new funding programme to advance projects involved in marine and hydrokinetic technology
10th March 2010
AIM-listed Modern Water said its entrance into the Chinese market and the deployment of its technology in Gibraltar and Oman were key factors in the company moving towards commercialisation during 2009, its executive chairman Neil McDougall told NewNet.
9th March 2010
Chinese domestic water treatment equipment supplier Duoyuan Global Water has appointed engineering and construction specialist David Nickols to its board of directors.
4th March 2010
Australian ocean energy company BioPower Systems has secured land access, onshore development rights and project intellectual property for a commercial-scale wave energy site located near the town of Port Fairy, Victoria.
4th March 2010
UK renewable energy trade association RenewableUK (formerly BWEA), has called for the government to invest a further £150m-£200m in wave and tidal technologies.
4th March 2010
The UK is to map the offshore renewable energy potential around its south west coast to assess the potential of wave, tidal and offshore wind installations up to 2030.
4th March 2010
The proposed Mersey Tidal Power project, which would see a renewable energy installation built on the UK’s Mersey Estuary, has completed the first stage of a major feasibility study designed to select a preferred scheme for generating electricity.
3rd March 2010
Listed marine energy company Ocean Power Technologies has received an award of €2.2m under the European Commission’s Seventh Framework Programme (FP7), by the EC Directorate responsible for new and renewable sources of energy, energy efficiency and innovation.
2nd March 2010
The 2009 turnover of renewable energy project development firm juwi was dominated for the first time by its international business instead of domestic activity in Germany and told NewNet it plans to increase its American wind business in the coming year.
25th February 2010
Global electronic and engineering company Siemens has invested into British tidal energy company Marine Current Turbines (MCT) alongside the Carbon Trust, High Tide and other private investors in a £4.8m funding round.
25th February 2010
FourWinds Capital Management’s authorised closed-ended investment scheme Aqua Resources Fund Limited, established to invest in global water opportunities, has entered into an agreement to subscribe for five-year convertible bonds of Waterleau Group for a total cash consideration of €20m.
24th February 2010
Large hydropower capacity in Europe will grow by eight per cent until 2015 as growing electricity demand will drive refurbishment of existing plants, according to research by Frost & Sullivan (F&S).
19th February 2010
Toshiba International has signed a contract to supply three 324MVA hydro power generators to Colombian power company Isagen in partnership with Mitsui & Company Plant Systems, which will be installed at the Sogamoso hydro power plant in Santander state, Colombia.
18th February 2010
Lower power prices led to a drop in profits for Norwegian renewable energy giant Statkraft with underlying operating profit totaling NOK9.95bn (€1.23bn) in 2009, down from NOK12bn (€1.48bn) the previous year.
18th February 2010
Peru will sign a number of contracts to secure its renewable energy supply for the next 20 years in March, in what it has been described as an important milestone in the history of the country’s energy.
17th February 2010
US renewable energy company Hydro Alternative Energy has successfully completed initial in-water, off-shore testing of its patent turbine prototype designed for use in certain tidal power applications.
17th February 2010
US NYSE-listed renewable energy plant designer Argan and United American Steel Constructors have mutually terminated the non-binding letter of intent and discontinued merger negotiations announced in August 2009.
16th February 2010
Serbia-focused Canadian renewable energy company Reservoir Capital is to advance two hydroelectric projects on the River Lim in southwest Serbia.
16th February 2010
International tidal current turbine developer Atlantis Resources Corporation has appointed James Forbes as a director on its main board. Forbes will also become chairman of the company’s UK-based marine power technology and project origination arm.
15th February 2010
Scottish wave energy company AWS Ocean Energy has secured a £2m investment from Scottish Enterprise’s Scottish Co-investment Fund and the Shell Technology Ventures Fund 1 (STVF1), an affiliate of Royal Dutch Shell.
12th February 2010
The implementation of the EU’s Water Framework Directive, despite its positive goal to improve the environmental status of water bodies, is limiting the hydro sector’s future growth, since the interpretation of the directive at national level is having direct consequences on the approval of new projects and allocation of concessions and permissions, according to the European Small Hydropower Association (ESHA).
10th February 2010
Marine Current Turbine’s prototype tidal energy turbine, SeaGen, is the first wave energy system in the world to exceed 1000 hours of operation, having set the new record in Northern Ireland’s Strangford Lough.
9th February 2010
UK marine and engineering company SeaRoc has secured a new contract for its SeaPlanner division to provide its suite of offshore wind farm management web applications for the 367.2MW Walney offshore wind farm project owned by DONG Energy and Scottish and Southern Energy.
4th February 2010
Aberdeen-based Hydro Group has been awarded a contract worth £500,000 to collaborate on the development of the Wave Hub marine renewable infrastructure project being developed by the South West Regional Development Agency (RDA).
3rd February 2010
The UK’s Carbon Trust has awarded £22m to the six new marine technologies. The Marine Renewable Proving Fund (MRPF) uses new funding from the Department of Energy and Climate Change (DECC) to help the UK technologies to progress towards early stage deployment and accelerate the first commercial projects in UK waters.
2nd February 2010
NASDAQ and AIM-listed marine energy company Ocean Power Technologies has deployed one of its PowerBuoys at the Marine Corps Base in Hawaii. The company has also been awarded $380,000 in additional funding for the PowerBuoy’s commissioning and in-ocean operation.
26th January 2010
UK equity capital firm Catapult Venture Managers has invested £1m into UK water monitoring device developer Intellitect Water Holdings as part of a £2m funding round alongside existing investors.
22nd January 2010
HBC Systems, a newly created joint venture between Hydration Technology Innovations (HTI) and Bear Creek Services (BCS), has launched the Bear Creek Green Machine, an environmentally-friendly water reclamation process for the oil and gas industry.
19th January 2010
Australian wave energy developer Carnegie Wave Energy has launched its Perth Wave Energy Project at its Wave Energy Research Facility in Fremantle, Western Australia. According to Carnegie, it will be the first commercial scale wave energy unit to be deployed in Australia.
19th January 2010
Oasys, a developer of systems for energy and resource recovery, has appointed Richard L Stover as vice president of engineering. He will lead the company’s engineering, product development and commercialisation efforts.
18th January 2010
Listed wave power company Ocean Power Technologies (OPT) has appointed Charles Frederick Dunleavy as the company’s CE0.
14th January 2010
SwissINSO Holding has launched a new solar-powered water purification unit. According to the company the product is capable of purifying seawater into 100,000 litres per day of high quality drinking water.
11th January 2010
European clean technology venture capital firm WHEB Ventures has invested €3m in electric marine motor developer Torqeedo.
11th January 2010
Marine Current Turbines (MCT) has raised £3.5m from an investor group led by Carbon Trust Investments and including Bank Invest, EDF Energy, High Tide and a group of private investors. The company said that it plans to use the funding to deploy the UK’s first commercial tidal energy farm within the next two years.
8th January 2010
Clean water technology company HaloSource has raised $10m from new investors to support the further commercialisation of its water purification business.
6th January 2010
Chennai, India-based IVRCL Infrastructures and Projects, which primarily serves the energy and transportation industries, has reached orders of nearly INR9.58bn ($209m), according to reports.
22nd December 2009
An indirect wholly-owned subsidiary of Fort Chicago Energy Partners has entered into a purchase agreement to acquire a 100 per cent interest in Northbrook New York, which owns a 33MW hydro power generation facility, for around $80m.
21st December 2009
The private equity arm of the Lloyds Banking Group, Lloyds TSB Development Capital (LDC), has invested £17m in Aberdeen-based marine installation contractor, Subocean Group.
17th December 2009
Edinburgh, Scotland-based technology developer Pelamis Wave Power and European energy utility Vattenfall have launched a joint venture to develop the first wave power project off the Shetland Islands.
15th December 2009
Hydropower technology company eGen has unveiled new technology for harvesting energy from rivers, pipelines and sewer systems.
14th December 2009
Solar photovoltaics alone could provide up to 12 per cent of the European Union (EU) electricity demand by 2020 and the combination of PV and concentrated solar power could deliver 15 per cent of the US’ electricity demand by the same year, according to the European Photovoltaic Industry Association (EPIA) and the US-based Solar Energy Industries Association (SEIA).
11th December 2009
UK’s development finance institution CDC Group has today committed €10m to an investment fund that will back renewable energy projects in India and other developing countries in Asia.
10th December 2009
Wave energy developer Carnegie Wave Energy has executed a licence deed with the State of Western Australian Government for access to a designated area of seabed in waters to the west of Garden Island off Perth, Western Australia.
10th December 2009
NASDAQ-listed Ocean Power Technologies’ financial results for the second quarter ended 31 October 2009 show its net loss has declined to $7.3m for the six months ended 31 October 2009 compared to a $10m net loss for the same period of 2008.
7th December 2009
NASDAQ-listed Texan lithium energy storage company Valence Technology is collaborating with custom yacht builder Foundation Bénéteau Yachts, marine diesel engine company Volkswagen and driveline integrator ZF Marine to bring hybrid blue-water yachts to market.
4th December 2009
NYSE-listed wastewater and water utility company American Water Works’ financing subsidiary American Water Capital has closed a 30-year $60m taxable debt offering with a six per cent coupon rate.
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For more on the Summit go to: www.NewNetInvestorSummit.com
