GFI Energy Ventures LLC announced today the completion of the sale of its portfolio company, NORESCO, one of the largest providers of energy management and performance contracting services in the United States, to Carrier Corp., the world’s largest provider of HVAC and refrigeration solutions and a subsidiary of United Technologies Corp. NORESCO was previously owned by the OCM/GFI Power Opportunities Fund II, L.P., a private equity fund co-managed...
Carrier Corp., the world’s largest provider of heating, ventilation, air-conditioning and refrigeration solutions, and a unit of United Technologies Corp. has acquired Noresco, a leading independent energy services company. The acquisition was completed on Nov. 20. Terms of the deal were not disclosed. Established in 1984, Noresco has implemented thousands of efficiency and infrastructure upgrade projects that reduced energy and water consumption...
The Port of Los Angeles will award an estimated $383.7 million in construction contracts by year-end, fueling a surge of construction activity that will create thousands of jobs in the region. The more than $383 million in future spending related to these projects will support over 6,000 regional jobs. At present, 18 multi-year construction projects are underway at the port, totaling approximately $148 million and supporting an estimated 2,516 total...
Viridian Asset Management, LLC (http://www.viridianasset.com) announced the national launch of its groundbreaking BankonGreen(TM) program designed to bring “green,” energy-efficient rehabilitation to properties owned by banks and financial institutions. BankonGreen(TM) is a one-of-a-kind program that links and streamlines traditional REO asset management services with cost effective, tangible energy efficiency improvements. Viridian is...
Cutting energy costs is a key opportunity for firms that want to reduce expenses and increase operational efficiency in today’s difficult economy. Now a new web forum established by Fluke Corporation, the global leader in portable electronic test and measurement technology, gives managers a place to learn low-cost energy-saving techniques and share their own ideas and experiences. The forum, www.ActionEco.org, explains the ‘why’...
Integrity Block has been selected as one of BuildingGreen’s 2008 Top-10 Green Building Products by the editors of Environmental Building News and GreenSpec®. This seventh annual award recognizes the most innovative and exciting green building products added to the GreenSpec® Directory during the past year or covered in Environmental Building News. “Our selections of the Top-10 Green Building Products represent a wide range of product...
Michael Baker Engineering, Inc., an engineering unit of Michael Baker Corporation (NYSE Alternext US:BKR) announced that Bill Hood, P.E., RLA, LEED AP, has been appointed office principal for Baker’s Cary, North Carolina, office. He will be responsible for operations management, office administration, financial management, project oversight and business development for all of Baker’s activities in Cary. Hood’s extensive experience with...
TGI Solar Power Group Inc. (Other OTC:TSPG.PK), a full turnkey supplier of vertically integrated systems for a variety of applications from Solar Parks (solar to grid) to commercial markets, announced today that it established Solar Power Italy Srl to launch a range of solar products and systems for the Italian residential, commercial and solar power plant markets “The leadership position Italy is taking in Europe in promoting the use of renewable...
Carrier Corp., a subsidiary of United Technologies Corp. (NYSE: UTX ), has released version 4.40 of their E20-II Hourly Analysis Program (HAP) software. HAP v4.40 provides significant new features making Leadership in Energy and Environmental Design Energy and Atmosphere (LEED® EA) Credit 1 analysis faster and easier. Version 4.40 also greatly expands the “wizard” automation features so energy cost performance of heating, ventilation...
The National Council for Public-Private Partnerships (NCPPP) announced today it has selected the U.S. Army’s Enhanced-use Leasing Program, Chevron Energy Solutions and Keenan Development to receive the council’s 2008 Infrastructure Award. The award recognizes outstanding leadership and an exemplary enhanced-use leasing project that illustrates the best practices and innovative approaches in the use of public-private partnerships (PPPs). The...