OSI Systems, Inc. announced that its Security division was awarded a contract valued at approximately $15 million to provide multiple cargo and vehicle inspection solutions, including OmniView® Gantry cargo inspection systems that utilize a combination of high-energy transmission and Z Backscatter® technology, Z Portal® passenger vehicle screening systems, and a Sentry® Portal cargo inspection system, as well as follow-on service and technical support.
Long-term investment may yield clean energy advancements
FuelCell Energy, Inc., a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, announced a memorandum of understanding with partner POSCO Energy to use an existing FuelCell Energy subsidiary to directly develop the Asian fuel cell business for the purpose of expanding Asian market opportunities.
EDF Renewable Energy (EDF RE), a leader in renewable energy development, announces the creation of a new business unit, Distributed Electricity and Storage (DES), to focus on distributed solar and storage projects up to 30 megawatts (MW).
Flow battery systems to provide grid stabilization services
Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group (“Macquarie”) , announced the closing of the first non-recourse project financing of battery-based energy storage systems with CIT Bank.
Sunrun BrightBox™ solar plus energy storage systems will be the first U.S. residential solar storage system to offer LG batteries for homes