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Company Plans Offshore Wind Farm Off Central Coast

socalTECH

A wind energy development company, based in Chicago, said it has secured an offshore wind lease off of the Central California Coast. According to Invenergy California Offshore LLC, it has secured a lease for 80,418 acres of seabed for operating an offshore wind development. THe bid was worth $145.3M.

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EDF Renewables, Shell In Joint Venture On 2500MW Offshore Wind Project

socalTECH

According to the two, the area has the potential to produce approximately 2,500 megawatts of offshore wind energy. If built to capacity, the project would be a significant increase in EDF Renewables' offshore wind portfolio: the company says it currently has 2,800 MW of offshore wind in Europe. READ MORE>>.

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Mojix Selected By BP

socalTECH

Los Angeles-based passive RFID tracking technology provider Mojix said last week that it has been selected by BP , for a $7 billion, offshore drilling project. mojix offshore drilling rfid wireless tracking asset' Mojix said it will provide its technology for an oil platform product in the North Sea off the coast of Scotland.

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Wave Neuroscience Acquires Newport Brain Research Laboratory

socalTECH

Newport Beach-based Wave Neuroscience , a newly formed startup, says it has acquired a number of assets from Newport Brain Research Laboratory (NBRL), along with "many different onshore and offshore holding companies" owned by NBRL, as part of its efforts to provide non-invasive neuromodulation technology.

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Alorica Pays $275M For BPO Business, Tops 48,000 Employees

socalTECH

Alorica said it has also hired 1,500 nearshore employees in Jamaica and Mexico, 5,400 offshore employees in the Philippines, and 18,400 domestic employees to the company--bringing the company''s total employee base to over 48,000. Alorica said that those businesses represented approximately $580M in revenues for West in 2014. READ MORE>>.

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Teledyne Buys Bolt Technology

socalTECH

Thousand Oaks-based Teledyne Technologies said Wednesday afternoon that it has acquired Bolt Technology Corporation , a supplier of equipment for the offshore energy exploration market. According to Teledyne, it will pay approximately $171M for Bolt, or $22.00 per share cash for the publicly held company.

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CalWave Ocean Wave Energy Project in California

SoCal Tech Calendar

William Toman, President of Protean Wave Energy, will discuss the new national CalWave Wave Energy testing center offshore near Vandenberg Air Force Base. Wednesday, October 12, 2016 -- CalWave Ocean Wave Energy Project in California. He will address how Wave Energy impacts the environment and alternative energy plans.

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