Posts tagged “Green Energy”
The Charlotte-based utility signs an agreement with the Department of Energy for $204 million in federal funding. Duke is committing more than $850 million of its own for projects.
MusicLite, which is due out this fall, combines high-end sound speaker with an LED light that will screw into recessed lighting portals.
ABB operates its North American headquarters in Cary and has an operation at NCSU’s Centennial Campus. Ventyx, which currently operates in more than 40 countries, generated some $250 million in revenue in 2009. It is currently owned by Vista Equity Partners.ventyx
"It's not going to be easy to make this transition,” Holden Thorp says. “We have challenges in making sure biomass will work in our existing boilers and challenges on the supply side as well. But we are confident we can achieve our goal in 10 years."
The Wake Forest-based provider of power solutions, such as smart grid technology, buys a manufacturing firm in Morrisville. It also will assume 100 percent ownership of an LED firm. The two deals include $4.4 million in cash and stock worth $20 million.
The Charlotte-based utility eyes the Carolinas’ pine forests as a source for biomass-based power plant fuel. Legislation requires more power based on renewable sources. Southern Environmental Law Center opposes use of trees rather than wood waste. The group also opposes offshore drilling.
The Obama Administration's support for the projects that could be built in Georgia might also provide a boost for the nuclear power industry that has a growing presnece in N.C. Plus, Duke and Progress both want to build nuclear plants.
The enzyme technology company, which bases its U.S. headquarters in Franklinton, says its new product can turn plant waste into biofuels at prices that are competitive with gasoline. Thirty-three scientists based in N.C. participated in the project.