Indian renewable power investment company Nereus Capital Management LLC has raised as much as $100m from Northern Lights Capital Group LLC and the U.S. Agency for International Development for its India clean energy fund.
RWE Chief Executive Rolf Martin Schmitz says his company has no choice
but to continue with cost-cutting measures at its power generation
business. However he also expressed confidence that the company's
conventional power fleet has a strong future due to the need for
Atlanta-based Future Energy Resources Corp. has achieved a major milestone in commercializing the SilvaGas process, its biomass gasification technology, by successfully operating its commercial scale demonstration plant in Burlington, Vermont.
A year-old biomass gasification process developed by Atlanta-based Future Energy Resources Corp. (FERCO) to help utilities meet their renewable energy requirements has been found to be even more efficient than first anticipated.
The UK's Department for Business, Innovation & Skills says its Trailblazer initiative is the key to re-training for coal and gas-fired power plant engineers looking to adapt when conventional power is phased out.