Among other things, the Policy fixes a deadline by which shareholders of the Company must submit director nominations to the corporate secretary of the Company prior to any annual or special meeting of shareholders and sets forth the specific information that a shareholder must include in such notice for an effective nomination to occur.  No person will be eligible for election as a director of the Company unless nominated in accordance with the provisions of the Policy.

The 37,000 square foot Tijuana facility was established in 2007. Ballard assumed management in January, 2013 as part of the agreement previously announced last August under which the Company acquired key assets from IdaTech LLC. Located in a local business park, the production facility currently employs approximately 65 highly skilled Mexican contract workers.

Once approved, Ervington Investments Limited (“Ervington”) will own approximately 18.2% of the Company’s issued and outstanding common shares, and the other two investors, Ms. Zara Shvidler and Eturab Trade Corp. will own approximately 9.1% and 3.0%, respectively. Ervington, whose ultimate beneficial owner is Roman Abramovich, has a complementary investment in the waste to energy sector in a fuel cell development company, which  when combined with plasma gasification is expected to significantly improve the overall efficiency of waste to energy facilities.

Ervington has informed the Company that it intends to nominate Eugene Tenenbaum and Paul Heagren, who are both long standing employees of Mr. Abramovich, to Alter NRG’s board of directors. Mr. Tenenbaum and Mr. Heagren are expected to be appointed to the Company’s board upon closing of the Financing.

The funds raised will strengthen the Alter NRG balance sheet to execute its long-term business strategy and to fund market expansion opportunities for the Westinghouse Plasma Gasification solution.

Pursuant to the terms of the Financing, Ervington, Ms. Zara Shvidler and Eturab Trade Corp. have agreed that for a period of one year from the date the Financing is completed they will not assign, transfer or otherwise encumber or deal with the common shares they acquire pursuant to the Private Placement. Ervington, Ms. Zara Shvidler and Eturab Trade Corp. have also agreed that for a period of 12 months they will not to solicit proxies for any purpose or otherwise act to seek control or influence in any manner the management, board of directors or policies of Alter NRG.

The group issued a total of 4.8 million Series A shares at $25 per share for aggregate gross proceedings of $120m. For the start of the period ending 31 December 2018, the holders of Series A shares are entitled to receive a cumulative quarterly fixed divined of $1.125 per share per year, which is 4.5 per cent on the subscription price of $25 per share, as and when declared by the board of directors of the corporation.

According to the group, the offering was made on a bought deal basis  through a syndicate of underwriters led by Scotiabank and TD Securities and included Capital markets, CIBC World Markets, Desjardins Securities, National Bank Financial, RBC Capital Markets, Canaccord Genuity, Comark Securities and Raymond James.

The Series A shares will now begin trading on the Toronto Stock Exchange under AQN.PR.A.

Prior to joining, Annie was with Deloitte as Manager of Marketing Development for the last year and a half, and Marketing Specialist also at Deloitte before the promotion.

In Germany,  wind energy is considered to have significant potential as part of Germany’s announced commitment to phase out all nuclear power by 2020. By incorporating a hydrogen energy storage system, excess wind power can be stored and redeployed when the wind is not blowing, ultimately supplying a greater percentage of the community’s overall power requirements with improved stability and reliability. This is accomplished with zero carbon emissions.

As part of the deal, Hydrogenics will provide one HySTAT(TM)30 hydrogen generation unit and a HyPM(TM) 50 kW fuel cell power system, to the City of Herten in 2012. This combination will demonstrate the distinct advantage of hydrogen energy storage with its ability to be highly scalable and capable of storing significant amounts of energy for long periods of time with negligible loss. From storage, the energy will be redeployed through fuel cells as electricity to the grid, or be used to fuel zero carbon emission vehicles and other devices such as industrial equipment.

“Natural gas technology is playing an increasingly important role in European automotive markets, where there is a longstanding interest in cleaner, more economical transportation solutions,” said Ian Scott, President of Westport Light Duty (LD). “We have seen steadily growing demand in Sweden, particularly from corporate and fleet customers. As fuelling infrastructure continues to expand and more automakers offer natural gas options, we expect to see that trend to continue across Europe.”

Volvo dealers in Sweden have offered a bi-fuel 231-hp 2.5 litre turbocharged version of the popular V70 wagon, with the natural gas fuel system engineered and installed by AFV, since 2009. The Volvo V70 Bi-Fuel has been approved as a company car for Swedish businesses, and Swedish drivers can fuel up at more than one hundred public natural gas filling stations. In addition to emissions benefits, corporate and private customers are eligible for tax incentives that make natural gas an even more economical alternative. AFV now aims to expand into other European markets.

AFV was founded in 2009 by a team of former Volvo employees, AFV builds and installs the natural gas systems at facilities located inside VCC’s main production center in Gothenburg. In addition to close ties to management at both VCC and heavy duty vehicle producer Volvo AB, AFV has had strong support from one of Sweden’s leading energy suppliers, Göteborg Energi.