Today it was announced that Clenergen Corporation India Private Limited, a wholly owned subsidiary of Clenergen Corporation, has agreed on the terms to acquire a 1.5MW/Hr biomass power plant in Namakkal, Tamilnadu, which will be operational by yearend 2009.

Recognized as one of India’s National Demonstration Projects, the plant was shut down in 2007 due to operational cash flow constraints and its inability to remain profitable at a low tariff rate. However, under a Power Purchase Agreement between Power Trading Corporation of India Limited (PTC) and Clenergen India Private Limited, a higher tariff rate has now been agreed.

The unit is expected to generate net revenue of approximately US$1 million in its first year of operation. During the first phase of its operations in India, Clenergen will ramp up the capacity of this power plant to 10MW/Hr while installing two new biomass

Clenergen Corp., developer of innovative clean energy generation systems, has created a way to produce power, steam, hydrogen, and various other useful products, all through the use of advanced gasification and steam technologies. Instead of dealing with the issue of energy resources – specifically biomass processing – by simply applying engineering principles, Clenergen approaches it from an agronomy/microbiology and plantation management perspective. By so doing, the company is able to deliver a standard, uniform virgin biomass on a commercial scale, at regular intervals, for use in the generation of electricity.

The electricity is generated using proven gasification technology, which disintegrates the biomass releasing syngas. This can then be combusted to power gas turbine generators, or can be burned to release all tar while producing steam to run the turbine generators. The high levels of efficiency and energy conversion produces a consistent source

Ultralife Batteries Inc. (ULBI), a battery company that also offers products and services ranging from portable and standby power solutions to communications and electronics systems, recently increased the company’s second quarter 2008 revenue outlook from $65 million to $70 million to more than $75 million as product demand continues to increase and customers require expedited deliveries.

Ultralife’s stock posted a 25% increase in trading volume following the release of the higher earnings estimate. After evaluating recent sales and deliveries, the company boosted its earnings estimate due to strong demand from government, defense and commercial customers across the globe and increased shipments over the past quarter.

During the first quarter of this year, Ultralife Batteries formed a joint venture with its distributor partner in India. This new entity, Ultralife Batteries India Private Limited, is expected to expand the company’s global market share and increase sales to commercial, government and defense accounts throughout