Industry - Energy latest news

Illinois Sen. Barack Obama formally accepted the Democratic nomination for president Wednesday night in Denver, pledging tax cuts for the middle class and an end, within 10 years, to America’s dependence on oil from the Middle East.

LAS VEGAS, NEVADA (MARKET WIRE) MASS Petroleum Inc. ("MASS") (OTCBB: MASP) is pleased to announce that Mr. Oleg Bilinski has replaced Mr. Gary Chayko as president and CEO of MASS. MASS has accepted the resignation of Gary Chayko as President and CEO and appointed Mr. Bilinski, an existing Director of MASS, to fill the positions. Mr. Chayko's resignation was not due to any disagreement with MASS and Mr. Chayko has accepted a position on MASS's Advisory Board.

The Austin City Council on Thursday gave Austin energy, its city-owned electric utility, approval to enter into a US $2.3 billion contract to purchase all power produced over a 20-year period by a proposed 100-megawatt (MW) wood-waste-fueled biomass power plant. The power purchase agreement (PPA) will move Austin closer to its goal that by 2020, 30% of the power generated for Austin energy will come from renewable resources.

AVA Solar, an advanced thin-film photovoltaic (PV) module manufacturer announced it has completed its second institutional equity round of financing. This US $104 million funding was led by DCM and included new investors technology Partners, GLG Partners and Bohemian Companies, LLC as well as prior investors, including Invus, LP.

Horizon Wind energy LLC has just entered into a long-term power purchase agreement (PPA) with Snohomish County Public Utility District (Snohomish) in Oregon to sell renewable wind energy from the Wheat Field Wind Farm. Horizon's Wheat Field Wind Farm, located in Gilliam County, Oregon, will have an installed capacity of 96.6 megawatts (MW) and will use 46 Suzlon S88 2.1-MW turbines.

Tranzon Asset Advisors has been appointed by the U.S. Bankruptcy Court to sell at Absolute Auction the assets of PHS Group, Inc. and its subsidiaries including The Somerset Refinery, Inc., and Somerset Oil, Inc., located in Somerset, Kentucky. (PRWeb Aug 29, 2008) Read the full story at http://www.prweb.com/releases/Somerset_Kentucky/Refinery_Auction/prweb1256574.htm

American Elements announced today I-Mite™, a new nanoscale indium powder, which can be produced in commercial scale batches to meet the needs of many recently developed transparent anti-static coatings and surfaces. (PRWeb Aug 29, 2008) Read the full story at http://www.prweb.com/releases/2008/08/prweb1263144.htm

TriLink to serve the International Power and energy Marketplace with focus on Nuclear as well as Alternative and Renewable Energy systems (PRWeb Aug 29, 2008) Read the full story at http://www.prweb.com/releases/Bridgeborn/TriLink_Systems/prweb1257044.htm

BANGALORE, INDIA (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- As part of expansion initiatives aimed at achieving revenue of $1 billion by 2012, DuPont India (Hyderabad, Andhra Pradesh), a subsidiary of E.I. DuPont de Nemours & Company (NYSE: DD) (Wilmington, Delaware), recently announced the introduction of a new business initiative, DuPont Photovoltaic Solutions (DPVS), to foray into India's photovoltaic market. DPVS will function as the marketing face of DuPont's solar power products and provide technical assistance to customers in India's market. India's government has received

When Katrina roared through the Gulf of Mexico three years ago, it ripped the drilling rig atop the Mars platform from its clamps and slammed it back onto the top deck in a crumpled pile of steel.