Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) today announced that it has signed a definitive agreement to acquire Protonex Technology Corporation ("Protonex"; www.protonex.com), a leading designer and manufacturer of advanced power management products and portable fuel cell solutions. As consideration for the transaction, valued at $30 million, Ballard is assuming and paying Protonex's debt obligations at closing, currently estimated at approximately $4.4 million, and paying the balance of approximately $25.6 million through the issuance of 11.2 million Ballard shares. The number of Ballard shares to be issued is subject to adjustment based on the final debt obligations at closing.
By implementing the IMERGY storage solution in the premises, GAT is able to store the energy produced by the PV panels during the day and use it during the non-solar time, thus eliminating the diesel generator run to provide clean power when needed.
Landmark Methodology Report Helps Unlock Value of Solar PV + Energy Storage A Framework to help states quantify benefits, understand opportunities
Iowa Biodiesel Board asks for higher volumes in '16 and '17 under Renewable Fuel Standard
The Gemini Offshore Wind Farm has agreed a contract to become the first commercial users of Windnova, brand new project management software, designed specifically for the offshore wind sector.
Hawaii is expected to have 637 MW of installed solar capacity by the end of the year - enough to power more than 165,000 homes.
Spero Energy Inc. has received a two-year Phase II SBIR grant from the U.S. Department of Energy totaling $1 million.
Georgia is expected to have nearly 400 MW of installed solar capacity by the end of the year - enough to power more than 43,000 homes.
The rooftop PV plant, located in Evere, Belgium, has a capacity of 738.45 kWp ----With this new plant, Martifer Solar now has connected successfully approximately 35 MW in Belgium
700 kW project with NEC Retail to serve Texas electricity consumers with clean, roofless solar power.
Lockheed Martin and Advanced Green Technologies have completed half of the huge solar carport project, allowing employees to enjoy a little shade during the summer.
At Construction Midpoint, Lockheed Martin's Massive New Solar Carport Taking Shape as Florida's Largest Privately Held Solar Array
2015 American Business Award Solidifies Company's Leading Position in Solar Sector
Borrego Solar Systems to Build 12.8 MW of Distributed Solar Projects for National Grid in Massachusetts
Second Project Began Construction in March Using Advanced Inverter Technology to Regulate Voltage and Improve Grid Reliability
With strong onshore and offshore turbine sales, Vestas remained the No. 1 supplier in 2014, report finds
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