Business Briefs for the Week of July 6, 2009

Business Briefs for Shaw Group, GE, Beacon Power

  • The Shaw Group, Baton Rouge, La., recently announced Atlantic Contingency Constructors (ACC), Norfolk, Va., has been awarded four task orders under a U.S. Navy Indefinite Delivery/Indefinite Quantity (ID/IQ) contract for global contingency construction awarded in 2006. ACC is a joint venture between Shaw’s Environmental & Infrastructure Group and AECOM Government Services, Los Angeles. The work performed under the task orders will be for the improvement, design, and construction of sustainable energy systems at Navy installations in the District of Columbia, Virginia, Maryland, Florida, Mississippi, and Texas.

  • GE is planning a $100 million research center near Detroit. The new center will include a research and development component that will be part of GE's Global Research Network, Niskayuna, Mich., which is providing $60 million in incentives over 12 years for the project.

  • Beacon Power Corp., Tyngsboro, Mass., has received a conditional commitment from the U.S. Department of Energy (DOE) for a loan guarantee of approximately $43 million. The DOE's offer outlines terms for a loan that would finance more than 60% of Beacon's planned 20MW flywheel-based energy storage plant to be located in Stephentown, N.Y.

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