Alstom Empowered by Prospect of Low-Carbon Power Future

LAS VEGAS, NEVADA--December 21, 2009--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Despite the widely predicted death of cap & trade legislation in the U.S. Congress, Alstom is rapidly moving forward with multiple initiatives that will de-carbonize its North American power business. The North American unit of Alstom S.A. (EPA:ALO) (Levallois-Perret, France) is in the final stages of selecting a site in the Midwest to build a "sizable" wind turbine manufacturing facility, Pierre Gauthier, president of Alstom U.S., told Industrial Info. The company also hopes to enter the solar business by acquiring a concentrating solar power company. Gauthier disagrees with analysts who have predicted the death of cap & trade legislation in the U.S. Congress.

Other companies featured: American Electric Power Incorporated (NYSE:AEP), Schlumberger Limited (NYSE:SLB), TransAlta Corporation (NYSE:TAC)