Siemens agrees to acquire eMeter to boost smart grid offering
Siemens Industry Inc. has agreed to acquire San Mateo, California-based eMeter Corp. Subject to necessary approvals and customary closing conditions, Siemens will acquire all of the stock of eMeter. The deal is expected to close in December 2011.
eMeter will be part of the Smart Grid Division of the Siemens Infrastructure & Cities Sector, which is housed within Siemens Industry in theUnited States. eMeter will become a global business segment and center of competence for Meter Data Management (MDM), and will continue to operate from itsSan Mateoheadquarters as part of the Smart Grid Division.
J.P. Morgan served as financial advisor to eMeter in connection with the transaction.
Heliatek sets new world record for organic solar cells with 9.8% cell efficiency
Once again, Heliatek GmbH has set a new world record for organic solar cells after Fraunhofer ISE CalLab certified a cell efficiency of 9.8% for a 1.1 cm² tandem cell manufactured with a low temperature deposition process. The new record makes the third time in a row that Heliatek has set a world record for efficiency in the field of organic photovoltaic and demonstrates its continuous technology leadership in organic solar.
Previously, Heliatek GmbH set a world record for efficiency of 8.3% for an active surface of 1.1 cm2. The record-breaking cell construction will gradually be integrated into the company’s manufacturing process after the scheduled start of production in the second half of 2012.
PowerStream selects Carmanah to build 350-kW solar rooftop system in Ontario
Carmanah Technologies Corp. has received a contract from PowerStream Inc. to supply and install a 350-kW rooftop solar photovoltaic system for the Thornhill Community Centre in Markham, Ontario. The solar system, valued at about C$2 million, began construction in October 2011.
Carmanah Technologies will provide engineering, procurement and construction services. The project is scheduled to be operational in early 2012.