Eaton Corp. announced the formation of an alliance to accelerate the deployment of electric vehicles in cities across China. NESTIA, the New Energy Sustainable Transportation International Alliance, includes Eaton, AECOM, IBM, vehicle manufacturer Beiqi Foton Motor Co., lithium ion battery manufacturer MGL and electric motor provider Broad Ocean. NESTIA’s first project is to design and […]
Energy Conversion Devices Reports Fourth Quarter & Fiscal Year 2010 Financial Results
Energy Conversion Devices, Inc. (ECD) announced financial results for its fourth quarter and fiscal year ended June 30, 2010. Total consolidated revenues for the quarter were $86.2 million, compared to $51.4 million in the fourth quarter of fiscal 2009, a 68% increase, and $72.4 million in the third quarter of fiscal 2010, a 19% increase. […]
Deere Reaches Agreement for Sale of Wind Energy Business
Deere & Company announced that it has signed a definitive agreement to sell John Deere Renewables, LLC, its wind energy business, to Exelon Generation Company, LLC, a wholly-owned subsidiary of Exelon Corp.. “As Deere sharpens its own strategic focus, we have concluded that the company’s resources are best invested in growing our core equipment businesses […]
Eltek Valere Names Roel Cortez as Director of Sales and GM of Mexico & Central American Regions
Eltek Valere announced it has named Roel Cortez as the company’s new Director of Sales and General Manager for Mexico and Central American regions. Cortez will also be responsible for managing Eltek Valere’s offices in Mexico. As an industry veteran in the telecom, utility and industrial markets, Cortez brings 27 years of international and domestic […]
What is Most-Important to the Future of Power? You Can Weigh-in on this at Darnell Power Forum
Darnell’s Power Forum (DPF ’10), to be hosted in Chicago September 13-15, will feature a Roundtable Discussion of: What will be the Most Important Driver for the Power Electronics Industry in the Future: Architectures, Topologies, Materials or Applications?” moderated by Alix Paultre, Editor-in-Chief of ECN Magazine. This is a hotly debated question that has no […]
Advanced Battery Technologies Completes Production Upgrade
Advanced Battery Technologies, Inc. announced that it has completed the upgrade of the company’s “A” and “B” battery production lines. In July 2009, the company’s two new production lines, “C” and “D”, became operational with automated equipment. In August 2009, the company elected to upgrade the capacity of its “A” and “B” lines with an […]
3W Power Holdings/AEG Power Solutions Announces First Half 2010 Financial Results
3W Power Holdings, the holding company of AEG Power Solutions, announced its financial results for the first six months of 2010. First half orders were €153.7 million, up 30% from €118 million in the first-half of 2009. The company posted sales of €141 million, down 41% from the previous year, primarily due to an oversupply […]
Smart Grid Electronics Forum Program Announced
The program has been announced for the first annual Smart Grid Electronics Forum (SGEF ’10) which will be jointly hosted by Darnell Group and Hearst Electronics Group, October 18-20 in San Jose, California. Control, Communications and Security will be three of the major themes of SGEF ’10. Delegates at SGEF ’10 will hear over 30 […]
Art Buckland Hired as New CEO of Sunovia
Sunovia Energy Technologies, Inc., a clean-tech company specializing in LED lighting and solar technologies, announced that Art Buckland has joined Sunovia’s management team as the company’s Chief Executive Officer effective September 7, 2010. The company states that Buckland’s leadership has resulted in corporate turnarounds, hundreds of millions of dollars of revenue growth, billion-dollar increases in […]
Foton Motor & Freescale Announce Automotive Joint Lab
Foton Motor and Freescale Semiconductor announced the establishment of the Automotive Joint Lab. The lab is Foton Motor’s first formal cooperation project in automotive electronics, providing evidence of the enhanced R&D investment and development Foton Motor is making in this area. The Foton-Freescale Automotive Joint Lab is committed to co-developing silicon, software and system-level solutions […]