Duke Energy has announced the acquisition of a majority interest in REC Solar, a provider of comprehensive commercial solar and energy solutions nationwide. In addition, over several years, Duke Energy will invest up to $225 million in commercial solar projects developed by REC Solar and supported by long-term power purchase agreements. REC Solar will deliver a simple sales and financing process for commercial-scale customers, similar to that provided by residential solar companies. REC Solar serves key sectors including retail, manufacturing, agriculture, technology, government and nonprofits.- ICM, Inc. has announced that Kansas Ethanol LLC, of Lyons, Kansas, has signed an agreement for purchase, license to operate, and full-scale installation of ICM’s patent-pending Fiber Separation Technology. FST is a value-added platform technology that removes fiber from a standard ethanol process, allowing increased ethanol and oil recovery yields, unlocking throughput and efficiency for each gallon of ethanol produced, and creating options for diversified co-products with high-protein feeds and fiber.
- Robert (Bob) Briscoe, chairman of Lallemand Inc., has announced the nominations of Antoine Chagnon as president and chief executive officer and of William (Bill) Nankervis as executive vice president and chief operating officer of Lallemand Inc. effective February 1st 2015. Antoine succeeds his father Jean Chagnon who has led the company as its CEO for the past 34 years. Jean will remain a board member and available to support the leadership team as one of its senior vice presidents and special advisors.
- Blue Sphere Corporation, a clean energy company that develops, manages and owns waste-to-energy projects, has announced the closing of a joint venture to develop, construct and operate a 5.2 MW biogas generation facility in Charlotte, NC with affiliates of York Capital Management. Under the terms of the joint venture, Blue Sphere owns 25% of the Project and received an initial payment of $1,250,000 in cash at the Closing with a second payment of $1,175,000 to be paid in two equal installments of $587,500 later in 2015 upon the Project’s achievement of each of mechanical completion and commercial operation.
