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Deals & Partnerships

Lockheed Martin Buys Energy Storage Firm

Linda Hardesty

Lockheed Martin has completed the acquisition of substantially all of the assets of Sun Catalytix of Cambridge, Mass. Lockheed Martin says the purchase complements its existing capabilities in the area of energy management and efficiency. The purchase includes certain intellectual property, contracts, facilities and the transfer of the company’s approximately 25 employees to Lockheed Martin.   …Continue Reading


Minnesota Power, National Guard Build 10 MW Solar Farm

Linda Hardesty

Minnesota Power and the Minnesota National Guard plan to build a 10 MW solar energy array at Camp Ripley in central Minnesota. The solar project envisioned by Minnesota Power and the National Guard, subject to regulatory approval, would cover nearly 100 acres of underutilized government property at the Camp with photovoltaic panels on racks. The   …Continue Reading


Cree Invests $83M in Lextar

Linda Hardesty

Cree is making an $83 million investment in Taiwan-based Lextar Electronics, and the companies will enter into a supply agreement for sapphire-based LED chips. Upon closing of the investment, Cree will own about 13 percent of Lextar. The companies say Lextar has established a strong technology position and customer base in the mid-power backlighting LED   …Continue Reading


Suniva, Technology Credit Offer PV Financing

Linda Hardesty

Suniva, an Atlanta based manufacturer of solar cells and modules, and Technology Credit Corporation (TCC), a privately held financial services firm, are partnering to offer financing to Suniva customers. Target customers include community non-profit organizations such as schools, houses of worship, homeowners associations and health service providers. TCC has more than 300 commercial PV systems   …Continue Reading


Schneider Electric Signs $3.9M ESPC with Riverbank, Calif.

Karen Henry

Schneider Electric has signed a $3.9 million energy savings performance contract (ESPC) with the City of Riverbank, Calif. The city pursued the project after recognizing its existing facultative lagoon system may not comply with anticipated future treatment standards for the state of California. Upgrading the existing facultative lagoons through a conventional design/bid/build process would have added   …Continue Reading


Duke Energy Sells Non-Regulated Midwest Generation Business for $2.8B

Linda Hardesty

Dynegy is buying Duke Energy’s non-regulated Midwest Commercial Generation Business for $2.8 billion in cash, which includes ownership interests in 11 power plants and Duke Energy Retail Sales, the company’s competitive retail business in Ohio. Duke says the transaction is part of its strategy to exit the merchant generation business. The completion of the transaction   …Continue Reading


$500M Invested in Mexico Distributed Solar

Linda Hardesty

Greenwood Energy and ILIOSS partnered to invest $500 million and develop over 250 MW of new solar photovoltaic projects in Mexico by 2017 based on the Mexican Energy Reform. Greenwood Energy is the North and Latin American clean energy division of the Libra Group, a privately owned international business group comprising 30 subsidiaries operating across   …Continue Reading


Panoramic Power, Lucid Bring ‘Non-invasive’ Energy Management

Linda Hardesty

Panoramic Power and Lucid are combining technologies for a wireless energy monitoring system. Customers can install and map hundreds of sensors within a couple of hours in a non-invasive way and without disruption to their businesses. The joint offering combines Panoramic Power’s miniature, self-powered sensors with Lucid’s energy management software BuildingOS for monitoring energy consumption   …Continue Reading


EnerNOC Invests in Behavioral Energy Efficiency Firm

Linda Hardesty

EnerNOC has made an investment in Boston-based WeSpire, which offers software for businesses to engage employees in energy management. With WeSpire, users earn points for actions related to energy, water, waste, transportation and food. Founded in 2010, WeSpire has some large customers, including eBay, McDonald’s, Unilever, and MGM Resorts International. EnerNOC is not saying how   …Continue Reading


Ameresco Acquires Energyexcel

Karen Henry

Ameresco has acquired the energy consultancy and energy project management business of Energyexcel, an independent energy services provider located in Central London, United Kingdom. With this acquisition, Ameresco adds to its UK and commercial and industrial customer base, having purchased Energy Services Partnership in June 2013. The two UK-based businesses provide energy efficiency, supply management   …Continue Reading


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