ROCHESTER HILLS ? The losses continue to decline for alternative energy focused Energy Conversion Devices. The company reported a net loss of $2.3 million (or $0.06 per share) on revenues of $27.2 million in the first quarter of fiscal 2007, as compared to a net loss of $6.5 million (or $0.22 per share) on revenues
LANSING ? PM Environmental and AKT Peerless Environmental Services will become AKT-PM Environmental & Development Services when they merge on New Year's Day 2007. AKT Peerless Environmental Services is a Michigan-based environmental consulting firm. PM Environmental serves banks and other lending institutions, developers, commercial realtors and borrowers/buyers of commercial real estate by providing a full
DETROIT- DTE Energy plans to sell off some non-utility businesses in 2007, and reduce the demand for capital, which could generate some $1 billion in additional cash for shareholders next year. What?s more, DTE Energy plans to repurchase approximately 1 million shares of common stock starting this month to help drive up the per share
ROCHESTER HILLS ? Energy Conversion Devices awarded a cost-shared has been awarded $1.2 million from the US Department of Energy to continue its work on small hydrogen internal combustion engines. ECD will pump about $500,000 into the project. Under the contract, ECD Ovonics will develop a low-cost method to convert small gasoline internal combustion engines
MANISTEE ? Manistee County will work closely with the Great Lakes Renewable Energy Association to figure out ways to develop wind-power generation plants ? a prototype project that could provide other Michigan counties with a roadmap for alternative energy development. GLREA will work with Manistee County officials, starting in January, to develop a community-based wind
DETROIT ? Ryan Waddington, who headed up alternative energy investing for NextEnergy, has left the incubator to join Ziff Brothers Investments in New York where he will lead the firm's newly created alternative energy department. His first day on the job was Monday. Waddington said Ziff Brothers approached him through his network of contacts in
DETROIT- NextEnergy is providing advanced energy technology companies the opportunity to receive more than $100,000 in funding and services through a new Alternative Energy Lab Competition. NextEnergy, Michigan's alternative energy accelerator, is currently accepting applications from promising alternative energy technology companies seeking funding and facilities to support the further development of their technology, as well
DETROIT - DTE Energy is resuming production at five of its nine synfuel facilities that had been idled since May due to the recent decline in oil prices. The company said future changes in the level or volatility of oil prices could lead DTE to further adjust production at some or all of its synfuel
LANSING ? The state has announced a $250,000 grant to help service station owners defray the costs of installing 1,000 biofuel pumps by 2008 to make ethanol and biodiesel fuel more available to Michigan motorists, the second round in a series of state grants. Five ethanol plants are already in production in Michigan, with two
DETROIT - NextEnergy, the U.S. Army Tank-automotive and Armament Command/National Automotive Center in Warren and several Michigan alternative energy technology partners are developing an Advanced Mobile Microgrid Power System that will let the Army and other US agencies deploy up to 1.5 MegaWatts of power to any location in the world within 48 hours. Through