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Ameresco Optimistic After Disappointing Q2

Ameresco's second-quarter revenue was below expectations, but President and CEO George P. Sakellaris is optimistic the company will fare better in the second half of the year.

World Energy Revenue Up 10%

World Energy Solutions of Worcester turned in its best revenue-producing second quarter, the energy management services firm said in its most recent financial report. But the company also reported a net loss of $1.65 million as it continued to work through a change in its revenue-recognition policy that defers some revenue to future quarters.

Sevcon Posts Q3 Decline In Revenue, Profits

Southborough-based Sevcon, which designs and manufactures microprocessor-based controls for zero emission electric and hybrid vehicles, said its third-quarter financial results met the company's expectations, with revenue coming in at $8.7 million.

AMSC Marks Mixed Results For Q1

Devens-based wind and power grid company AMSC reported first-quarter fiscal 2014 revenues that were 13 percent better than the fourth quarter of last year, but down compared with the same period last year, as it continues to work to regain its footing more than two years after losing its largest customer.
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EcoTarium Wins Grant For Grid Connection

The EcoTarium in Worcester announced it will use a $244,290 grant from the Massachusetts Cultural Facilities Fund (CFF) to connect to the electrical grid, reducing reliance on its aging power plant.

Mass Megawatts Jumps Into Solar Market

Worcester-based Mass Megawatts Wind Power is entering the $12 billion U.S. solar power market, announcing the development of a new solar-tracking technology that it says will increase solar energy production 30 percent.

Firm Hit With State Environmental Fine

Pinetree Power Fitchburg has been assessed a $600,000 fine by state environmental officials to resolve a series of alleged violations of emissions limits at its facility in Westminster.

Unitil Cuts Quarterly Losses

Unitil Corp., the utility that serves Fitchburg, Lunenberg and Townsend, reported a loss of $100,000 for its most recent fiscal quarter, a 75-percent drop from the loss it declared in the second quarter of 2012.
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Energy Secretary: Grid Is “Stressed”

As air conditioners around the state do battle with the spate of scalding outdoor temperatures, there have been spotty electrical outages and strains on the grid, though the demand “under forecast,” Secretary of Energy and Environmental Affairs Rick Sullivan said Friday.

State Lawmakers Push 1st-in-U.S. Carbon Tax

Setting out on what they say will be a long campaign, lawmakers are seeking to pass legislation that would tax carbon at $5 per metric ton.
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