As an engineer, Mark Durrenberger has plied his craft in the nuclear energy and information technology fields. When he formed New England Breeze Solar — later renaming it New England Clean Energy — he engineered the formation of a new business in a relatively new industry: solar installation. His efforts in growing the business earned him Business Leader of the Year honors (for small businesses and entrepreneurs) in 2012 from the Worcester Business Journal.
American Superconductor Corp. (AMSC), a Devens-based wind and power grid company, announced it has increased its borrowing capacity through an amendment to its existing loan and a stock sales agreement.
World Energy Solutions of Worcester increased its quarterly revenue 15 percent to more than $8.7 million, and, although it lost nearly $600,000, expects improving operating margins, the company said today.
Devens-based wind and power grid company AMSC reduced its loss in its most recent financial quarter, but said governmental instability in Asia could prevent the company from reaching its full-year revenue target.
Virginia-based Washington Gas Energy Systems unveiled its fourth Central Massachusetts solar array at a ribbon-cutting ceremony in Brookfield on Nov. 1, marking the start of a 20-year power purchasing agreement between Washington Gas and the town.
Northeast Utilities, which merged last year with NStar, reported a slight jump in third-quarter earnings on Thursday to $209.5 million, or 66 cents per share, from $207.6 million in the third quarter of 2012.