in News Departments > FYI
print the content item

Chantilly, Va.-based BlueScout Technologies (formerly Catch the Wind), a provider of predictive optical control systems for the wind energy industry, says it has laid off nine employees in order to conserve capital.

BlueScout says that although it has not paid out any damages related to legal disputes, the increasing cost of defending against multiple legal actions by the company's founder and former CEO and his wife, Phil and Alisa Rogers, and their company, Optical Air Data Systems LLC, has severely impacted the company's cashflow and operations.

BlueScout says its viability and ability to continue to operate is dependent on securing additional capital and that it continues to actively seek to raise additional capital through debt, equity or other capital-raising efforts while also considering other strategic alternatives.


IowaDeptEconDevel_id1863

Trachte Inc._id1770
Latest Top Stories

Smart Community Engagement: Twelve Tips Every Wind Developer Should Know

Community engagement helps ensure a project runs smoothly, but it can also save developers money and even lead to a more successful wind industry overall.


Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.

WomenofWind_id
JLG_id1900
Acciona_id1907
UEA_id1896
AWEA_id1886
bonfiglioli_id1913