This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

As Hydropower Legislation Moves Through Congress, Voith Hydro Presents At HydroVision International

DENVER, July 23, 2013 /PRNewswire/ -- "The future of American hydropower is bright," declared Voith Hydro President and CEO Kevin Frank at the onset of HydroVision International 2013, the world's largest hydropower conference taking place this week at the Colorado Convention Center in Denver. The conference is timely as legislation to improve the hydropower licensing process is currently making its way through the U.S. Senate. Voith also used the conference to highlight some of its own accomplishments from the previous year, from celebrating 135 years of American manufacturing at its facility in York, PA to the inclusion of a Voith-supplied project in President Obama's Climate Action Plan.

"As HydroVision puts on clear display, the U.S. hydropower industry finds itself in a strong position," said Frank. "While we have seen hydropower's legislative and regulatory prospects improve, there is still work to be done to get this legislation across the finish line. Signing these proposals into law will lead to cleaner, job-producing, renewable and environmentally-friendly hydropower across the United States."

Over the last several years, members of Congress from Colorado have helped lead the legislative effort to improve and streamline the hydropower licensing process, particularly for small and conduit hydropower projects. Rep. Diana DeGette (D-CO) is the lead co-sponsor of the Hydropower Regulatory Efficiency Act, which has already unanimously passed the House. Rep. Scott Tipton (R-CO) is the sponsor of the The Bureau of Reclamation Small Conduit Hydropower and Rural Jobs Act , which passed the House by an overwhelming bipartisan margin earlier this year. 

These bills have also passed the Senate Energy and Natural Resources Committee and are awaiting a vote in the full Senate. The Senate companion to the Hydropower Regulatory Efficiency Act is co-sponsored by both Sens. Mark Udall (D-CO) and Michael Bennet (D-CO). Voith joined other companies and organizations in a letter urging Senate leadership to quickly bring hydropower legislation up for a vote.

Also on the regulatory front, a Voith-supplied project in Missouri River Energy Services' Red Rock Hydroelectric Project was included in President Obama's recently-released Climate Action Plan. The project will be added to the Infrastructure Permitting Dashboard, designed to prioritize and expedite vital projects across the U.S., which will have a positive effect on hydropower licensing across various federal agencies.

Other highlights for Voith Hydro from the previous year include:

  • In September, Voith Hydro celebrated 135 years of American hydropower manufacturing at its facility in York.
  • Earlier this year, Voith shipped stators and distributors to the Cannelton Hydroelectric Plant, one of four projects being undertaken by American Municipal Power, Inc. on the Ohio River and supplied by Voith Hydro.
  • Later this year, Voith will ship Aerating Francis Runners to Duke Energy's Oxford and Rhodhiss plants on the Catawba River in North Carolina. The aerating runners are a key feature of Voith's environmentally-friendly portfolio, ensuring that water maintains necessary oxygen levels near a hydropower facility.

About the Company

Voith sets standards in the markets energy, oil & gas, paper, raw materials and transportation & automotive. Founded in 1867, Voith employs almost 42,000 people, generates 5.7 billion euro in sales, operates in over 50 countries around the world and is today one of the biggest family-owned companies in Europe.

Voith Hydro is a Group Division of Voith and - with a workforce of over 5,000 employees and a sales volume of more than 1.3 billion euro in the business year 2011/2012 – belongs to the world-wide leading companies for hydropower equipment. In the United States, Voith Hydro is headquartered in York, PA and employs over 500 people.

The Importance of Hydropower

Hydropower is the largest, oldest and most reliable form of renewable energy generation. Worldwide, it makes an indispensable contribution to stable power supplies and hence to economic and social development - both in industrial countries and in emerging markets. Hydropower also makes a significant contribution to climate-protecting energy production. Voith has been a leading supplier of this technology from the early beginning and continuously develops it further. 

CONTACT: Lewis Lowe, 706-302-8404 lewisl@strategies360.com

SOURCE Voith Hydro

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs