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  1. Scottish renewable energy company secures six figure grant

    Renewable energy developer Current2Current Ltd (C2C) has recently secured a Scottish Enterprise R&D feasibility grant of £100,000. The grant is a contribution towards a £260,000 R&D feasibility project the company is undertaking over the next six months. The Aberdeenshire based company have also received match funding from a private investor which, together with the grant from Scottish Enterprise , has enabled further development of their tidal energy converter (TEC). Generating electricity from ocean currents and tides, the TEC uses the kinetic energy in moving water, transforming it into useful electricity.  Having already produced electricity in the North Sea using their prototype platform, C2C are now preparing an extended test program, whilst at the same time powering ahead with the development of TEC4, a pre-production prototype device. Commenting on the recent grant award from Scottish Enterprise, C2C Managing Director Brian Barnard said, "We are delighted to have received this substantial grant from Scottish Enterprise and are looking forward to the testing of our device later in the year. There appears to be a real appetite for tidal power right now, perhaps due to the predictability of this type of energy conversion." "We believe C2C is well placed to become a market leader in the production of renewable electricity and ultimately reaching our goal in helping to bridge the predicted energy gap, whilst reducing the nation’s carbon emissions," concluded Brian. Jim Watson, Director of Innovation and Enterprise Services at Scottish Enterprise, said, "As Scotland ’s innovation agency, we want every company in every sector to embrace innovation and reap the benefits it brings.  It’s fantastic to see companies like C2C developing products that have the potential to generate significant revenue as part of their ambitious global growth plans.  We wish them every success with this project."

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    Tue, 6 Sep 2016

  2. Scottish tidal energy developer C2C Ltd. receives feasibility grant

    Current2Current Ltd. (C2C), a renewable energy company based in the town of Inverurie in Aberdeenshire, Scotland, UK, announced on Sept. 6 that is has secured a US$133,00 Scottish Enterprise research and development feasibility grant, and a matching funding from a private investor to further ...

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    Fri, 9 Sep 2016

  3. VAALCO reaches agreement with investors, changes board composition

    VAALCO Energy Inc. has entered into an agreement with Group 42 Inc., private investor Bradley L. Radoff, and certain other participants (collectively, the Group 42-BLR Group), which beneficially owns approximately 11.1% of the company's outstanding stock, regarding the composition of the VAALCO ...

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    Thu, 24 Dec 2015

  4. Williamson made chairman of Southcross Holdings’ general partner

    Bruce A. Williamson has been appointed executive chairman of Southcross Holdings GP LLC, the general partner of Southcross Holdings LP.  

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    Fri, 15 Jul 2016

  1. Williamson appointed chairman of Southcross Holdings GP

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    Tue, 19 Jul 2016

  2. India power sector shows “worrying” lack of growth

    India's power sector has failed to meet expectations for growth in 2015, with a sharp decrease seen in private investment in new power projects.

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    Wed, 23 Dec 2015

  3. Turboden expands into the Asian geothermal power market

    Turboden started an innovative 6 MW geothermal power plant in Japan in June 2015, and have been selected as official technology provider of a 50 MW geothermal Organic Rankine Cycle system in the Philippines.

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    Mon, 14 Dec 2015

  4. Outrigger Energy receives $200M equity commitment

    Denver, CO-based Outrigger Energy LLC has received $200 million in equity commitments from Kayne Anderson Energy Fund VI, private investor Brion G. Wise, and management

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    Mon, 7 Oct 2013

  5. Google to Buy Into Africa’s Largest Wind Farm in Northern Kenya

    Google Inc. will acquire a stake in Africa’s largest wind farm once the facility is completed in Kenya in 2017.

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    Tue, 20 Oct 2015

  6. Houston American Energy CEO resigns as part of settlement with SEC

    Houston American Energy Corp. has reached a final settlement agreement in the civil cease-and-desist proceeding previously instituted by the Securities and Exchange Commission against the company and its CEO, John F. Terwilliger. In conjunction with the settlement, Terwilliger has tendered his ...

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    Thu, 30 Apr 2015

  7. Callon expands size of board of directors

    Callon Petroleum Co. has entered into an agreement with Lone Star Value Management LLC, pursuant to which Callon has agreed to expand the size of the company's board of directors from seven to eight directors and to designate one new independent director – Michael L. Finch – to fill the newly ...

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    Tue, 24 Mar 2015

  8. EU launches state aid probe into Hungarian nuclear reactors

    The European Union said Monday it has opened a probe to establish whether Hungary's financing of two new nuclear reactors constitutes illegal state aid.

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    Tue, 24 Nov 2015

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