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Pacific Blue Energy Corp. (OTCBB: PBEC) $1.20. Announced Wednesday after market close that Foresight Wind Energy, LLC, has submitted a bid to fulfill an APS Request for Proposal. APS, the largest subsidiary of Pinnacle West Capital Corporation (NYSE: PNW), has a renewable energy initiative which seeks to work with companies like Pacific Blue Energy Corp. to provide energy to homes and businesses in Arizona.
This announcement is a key development in Pacific Blue Energy Corp. due to the company's 52.5% economic interest in the Sunshine Wind Park, a 60 Megawatt project in Arizona that is being managed by Foresight Wind Energy. APS is expected to announce which bidders will receive notification for final selection on or around August 7, 2010. Successful bidders will be allowed to contract with APS to provide renewable energy to its utility users in Arizona.
What They Do: Pacific Blue Energy Corp. is a solar energy company that seeks to build and manage large renewable energy projects.
OriginOil, Inc. (OTCBB: OOIL) $0.24. Today announced it recently deposited an international PCT patent application pursuant to last year's filing of United States patent application 61/170,698 with the United States Patent Office. The international application relates to the Single-Step Extraction™ system, OriginOil's fifth patent pending.
The application, titled "Systems, Apparatus and Methods for Obtaining Intracellular Products and Cellular Mass and Debris from Algae and Derivative Produces and Process of Use Thereof," discloses OriginOil's proprietary system and industrial process for dewatering algae slurry, extracting algae lipids, separating biomass, and recovering process water in an algae production system.
What They Do: OriginOil, Inc. is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum.
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