GRHU, a San Diego, California based integrated energy solutions provider and developer of eco-friendly infrastructure, recently announced that PepsiCo will partner with GreenHouse to utilize Southern California Edison's (SCE) Automated Demand Response (Auto-DR) program at its Buena Park bottling plant. GreenHouse is a qualified service provider of SCE's Auto-DR program, providing site assessment, feasibility studies, project development, engineering, installation of enabling technologies and complete processing of all incentives.
The Auto-DR program offers significant financial incentives and technical support to SCE customers with automated load control systems that participate in demand response events. Auto-DR uses control systems to automatically achieve specified energy demand reductions (kW and duration) during periods of peak energy demand.
"Auto-DR is a perfect complement to Greenhouse's vision to help our clients reduce energy consumption by deploying state-of-the-art technology," says Rob Davis, Vice President of GRHU "We are truly honored to be selected to partner with Pepsi and we are looking forward to the Auto-DR projects as the first of many opportunities to be included in Pepsi's corporate sustainability initiatives. This project goes to the heart of Greenhouse's mission to deliver green solutions that reduce energy consumption with a positive return on investment."
PepsiCo is a recognized leader in the beverage industry for their efforts in sustainability and energy efficiency by consistently operating their plants in the most energy-conscious manner possible.
"It's clear to Pepsi that both Southern California Edison and GreenHouse are working in the best interests of Pepsi and other ratepayers with their Auto-DR program," said Pablo Cussatti, Vice President of Manufacturing at Pepsi Beverages Company West. "We are pleased to be doing our part for the environment and promote the responsible management of critical resources like the electric grid."
In utilizing the Auto-DR system, Pepsi can shed or reduce electric consumption during costly peak energy periods when the demand is highest. In addition, the system provides Pepsi the ability to reduce operating costs by curtailing the use and purchase of electricity. Pepsi will then receive financial incentives from SCE for doing so.
GreenHouse is a San Diego, California based developer of sustainable and eco-friendly energy solutions and infrastructure that can be rapidly deployed establishing the standard for delivering sustainable self-sufficiency to the world. The company delivers global energy solutions, also serving as a provider of non-corn based ethanol fuel. GRHU's three primary business segments--GreenHouse Builders, GreenHouse Energy and GreenHouse Community--address broad markets from homeowners and the building industry to corporations, governments, and Third World countries.
Huntington Bancshares Inc. (Nasdaq:HBAN)
HBAN announced management plans to present at BancAnalyst Association of Boston Conference on Thursday, November 4, 2010. Mr. Stephen D. Steinour, Chairman, President and CEO, and other management members are scheduled to present to analysts and investors at 3:35pm ET.
Huntington Bancshares Incorporated is a $53 billion regional bank holding company headquartered in Columbus, Ohio. Through its affiliated companies, Huntington has been providing a full range of financial services for 144 years. Huntington offers checking, loans, savings, insurance and investment services.
RF Micro Devices Inc. (Nasdaq:RFMD)
RFMD a global leader in the design and manufacture of high-performance radio frequency components and compound semiconductor technologies, announced on october 27 that it has been awarded a $1.5 million R&D contract by the Office of Naval Research (ONR) related to gallium nitride (GaN) microelectronics, including the development of materials, device fabrication and high power circuits. The $1.5 million R&D contract award expands RFMD's contract backlog over the next six quarters to approximately $5 million. Since calendar 2004, RFMD has been awarded over $14.5 million in R&D contracts by the U.S. Government for development of its GaN high power RF technology.
RF Micro Devices, Inc. is a global leader in the design and manufacture of high-performance semiconductor components. RFMD's products enable worldwide mobility, provide enhanced connectivity and support advanced functionality in the cellular handset, wireless infrastructure, wireless local area network (OTCPK:WLAN), CATV/broadband and aerospace and defense markets.
Satcon Technology Corporation (Nasdaq:SATC)
SATC announced on october 27, 2010 the completion of its public offering of 10,350,000 shares of its common stock, including 1,350,000 shares issued pursuant to the exercise in full of the underwriter’s overallotment option, at a price to the public of $3.90 per share. The net proceeds to Satcon from the sale of the shares, after deducting underwriting discounts and commissions and estimated offering expenses, were approximately $37.5 million.
Satcon Technology Corporation is a provider of utility-grade power conversion solutions for the renewable energy market.
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