Mass Megawatt wins Army wind-power deal
Construction of the facility near Sierra Vista in Southern Arizona is expected to begin this spring as part of the Army's efforts to expand into renewable energy, according to officials at Mass Megawatt.
The wind-power plant will include Mass Megawatt's Multiaxis Turbosystem with a newly developed, adjustable augmenter that reduces electricity-generation costs. The augmenter is capable of increasing the amount of energy harnessed by wind power by up to 70 percent, translating into a power output increase of more than five times.
Financial details of the deal were not provided.
The project is being coordinated by Ameresco Select Inc. a wind site developer in Tennessee that is division of Ameresco Inc. of Framingham, Mass.
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Hydro One reports $1.1B Q2 profit boosted by one-time gain due to court ruling
TORONTO - Hydro One Ltd. reported a second-quarter profit of $1.1 billion, boosted by a one-time gain related to a court decision.
The power utility says it saw a one-time gain of $867 million in the quarter due to an Ontario court ruling on a deferred tax asset appeal that set aside an Ontario Energy Board decision.
Hydro One says the profit amounted to $1.84 per share for the quarter ended June 30, up from $155 million or 26 cents per share a year earlier.
On an adjusted basis, it says it earned 39 cents per share for the quarter, up from an…
