Daikin buys Goodman for $3.7 billion, gains North America reach

Posted on August 29th, 2012 by
   

Two of the biggest leading companies in the Industry of heating, ventilating and air conditioning Daikin, headquartered in Osaka, Japan, and Goodman Global Group, Inc. headquartered in Houston, Texas signed an important buying agreement. Daikin will purchase 100% of Goodman’s stock for 3.7 billion US dollars.

The transaction is expected to be completed during the fourth quarter of 2012, and the Japanese company expects 24 billion yen in strategic and efficiency benefits from the purchase in three years.

With this deal Daikin will fully enter the ducted-style air-conditioning market for residential and commercial applications in North America, where nowadays Goodman has a significant presence

The combination of Daikin and Goodman will produce a number of strategic benefits and general efficiency.

 

Oregon State University rolls out new wave energy testing device

The wave energy industry is in its developing stage, but experts say it has a great potential for power generation. Companies all over the world are trying to come up with proven wave energy technologies that work reliably, so they are turning to third parties such as the Oregon State University, who is proving a new wave energy testing service.

The University is working with his first client WET-NZ, a New Zealand energy company, testing its new wave energy generating device. Using an appliance called “Ocean Sentinel, OSU’s scientists can record and analyze the electrical output, kinds of wind, temperature and wave conditions.

There are only a few testing entities around the world.

 

Solar Flare

In Philadelphia, Pennsylvania during the  244th National Meeting & Exposition of the American Chemical Society (the world’s largest scientific society), scientist  announced advances in less-expensive solar energy technology made with earth-abundant materials such as copper and zinc.

Nowadays Solar companies use indium, gallium and other “rare” elements that are supplied largely by foreign countries, with China as the biggest one, mining 90% of these substances.

Scientists support the idea that the common copper and zinc are capable of producing power at a cost similar to coal within 20 years.

 

GE Aeroderivative Gas Turbines Powering Russian Plant

GE announced the launch of a major thermal generation project in Yuzhno-Sakhalinsk, Russia. In partnership with a Russian utilities company, RAO Energy System of East, GE installed two gas turbines with a total capacity of 91.2 megawatts.

The gas turbines meet all modern requirements including a low emissions level as compared with other turbines of this class, and represent biggest launch in 30 years in the region.

This project will improve the reliability of power supply to local residents and will expand the service to more consumers.

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