Archive for May, 2010
RME Senior Engineer Cliff Goudey represented RME at the “Marine Energy and Smart Grid Technology Workshop” which took place May 10th and 11th in Dublin, Ireland and Belfast, Northern Ireland. The workshop was sponsored by the United States Embassy in Dublin, in conjunction with the Department of Communications, Energy and Natural Resources (Ireland), and the Department of Enterprise, Trade and Investment (Northern Ireland). The invitation-only workshop brought together senior government officials, business leaders, representatives of trade associations, the offshore renewable power and transmission sectors and research institutions from the USA, Ireland and Northern Ireland, with the objective of developing collaborative projects and exploring new business opportunities. The focus will be both offshore marine electricity generating devices and the application of smart grid management tools that can assist in integrating intermittent power onto and throughout the system.
RME CEO Bill Staby today testified before the Community Development & Small Business committee of the Massachusetts State Legislature in support of a bill sponsored by Representative Linda Dorcena Forry to establish the L3C (low-profit limited liability corporation) as a legal business entity in Massachusetts. Mr. Staby said, “We think the L3C structure may help unlock billions of dollars of early-stage investment capital from foundations and other not-for-profit organizations which would make it much easier for companies like RME to bridge the “valley of death” and bring transformative technologies to market that provide triple-bottom-line (financial, social and environmental) returns to investors.”
For more information about L3Cs please visit: www.americansforcommunitydevelopment.org