Engineering, procurement and construction (EPC) contracts are evolving as utilities seek to spread risks, contain costs, and execute their business strategies. As a result, turnkey contractors are...
and on customer premises. This round of financing will support the commercial deployment of Silent Power’s OnDemand energy storage systems and expand its distribution into new markets.
Atlantic Power closed its previously announced acquisition of Cadillac Renewable Energy , a 39.6 MW wood fired facility located in Cadillac, Mich. The purchase price was $77 million, plus customary working capital adjustments, and was funded by $34 million of cash on hand and $43 million of assumed non-recourse, project-level debt. The assumed non-recourse debt amortizes fully over the term of the power purchase agreement. Operations and maintenance will be managed by Rollcast Energy, Atlantic Power’s majority-owned affiliate. The company expects to receive distributions from the project in the range of $3.5 million to $4.5 million per year, starting in 2011.
Taiwan-based UMC Capital , the corporate venture arm of leading semiconductor foundry United Microelectronics Corp (UMC), invested in Trilliant. UMC Capital joins Investor Growth Capital, VangtagePoint Venture Partners, ABB and GE in Trilliant’s latest round of financing. Trilliant also announced plans to open a corporate office for the Asia Pacific market. Along with the investment, UMC will be assisting Trilliant with the company’s planned market expansion.
Blue Castle Holdings , a developer of a proposed new nuclear power plant project in Green River, Utah, acquired 100 percent of Willow Creek Companies (WCC) . WCC is primarily engaged in the construction, replacement and repair of natural gas pipelines, crude oil pipelines, storage facilities and civil site work in Colorado, Utah, Wyoming, North Dakota and New Mexico. Willow Creek Companies will now operate as Willow Creek LLC, a wholly owned subsidiary of Blue Castle Holdings. Terms of the transaction weren’t disclosed.
Navigant acquired BTM Consult, a forecaster and data source for the international wind industry. BTM Consult provides wind market assessments, business development assessments and due diligence investigations.
GE Intelligent Platforms acquired SmartSignal, a privately-held analytics software company based in Lisle, Ill. SmartSignal specializes in providing remote monitoring and diagnostics solutions to the power generation, oil & gas and other industrial sectors. The company’s software and monitoring services are used to anticipate, prevent, and avoid equipment failure, by detecting and identifying abnormal equipment behavior and providing exception-based notifications of developing problems along with diagnoses and prioritizations. The company’s systems are found on equipment from GE, Siemens, Rolls Royce, Alstom, Flowserve, Waukesha, Byron Jackson, Cooper-Bessemer, and other companies.
Dr. Steven R. Specker was appointed to Trilliant Inc. ’s board of directors. Dr. Specker most recently served as President and CEO of the Electric Power Research Institute (EPRI) in from 2004 to 2010.
Energate, a provider of home energy management and residential demand response solutions, named Lori Reslock vice president of marketing. Lori will be responsible for corporate marketing and communications, channel partnerships, and sales support. Prior to joining Energate, Ms. Reslock was vice president of marketing at CURRENT Group, where she worked with utilities across North America and Europe.
Geosyntec added Andrew Goldberg and Anica Haynes to its Baton Rouge, La., office. Goldberg and Haynes bring experience in securing regulatory authorizations for new