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Crude oil rose as the reversal date for the Seaway crude pipeline was moved up, causing the spread between New York traded futures and Brent in London to narrow. The bulls also gained support from retail sales in the U.S. increased more than forecast in March.

Satcon Technology Corporation, provider of renewable energy power conversion solutions, today announced a three-year agreement with Samsung to supply the power inverters for Samsung’s worldwide solar power plant projects.

China Wind Systems released its third quarter figures Friday. Net revenues increased to $11.8 million or 47.1 percent from September to September 2008 and gross profits grew 24.8 percent in the same time period to $30 million.

Hoku Materials Inc., a wholly owned subsidiary of clean energy technology company, Hoku Scientific Inc. (Nasdaq: HOKU), today announced a silicon metal supply agreement that will supply Hoku with guaranteed amounts of metallurgical grade silicon for three years beginning in 2009.

Some companies working to enter a market go the route of establishing a manufacturing base and sales force. Others innovate and sell ideas to more established companies in that marketplace. Still others, however, bide their time looking for the right opportunity, capitalizing on other’s ground work, successes and missteps.

SmartHeat, Inc. is an American company located in China, engaged in the manufacture of advanced plate heat exchange units for China’s heat energy saving industry. Heat plate exchangers are used to transfer heat from one medium to another, and SmartHeat utilizes them to capture and recycle heat energy waste from industry, thus reducing both fuel cost and pollution.

SpongeTech® Delivery Systems, Inc., creator of patented soap-releasing hydrophilic sponges, is getting together with entertainment giant Nickelodeon & Viacom Consumer Products to produce and distribute a line of soap and sunscreen infused sponges for kids.

Clear Skies Solar develops new technologies and products to harness the energy of the sun. The company’s unique advantage is their proprietary PV panel mounting systems and trade secrets that reduce the system installation time.

If you’ve ever lost a cell phone, you’ll be happy to hear that Location Based Technologies’ PocketFinder® personal locator service is now available for download to Google Android based smartphones. The company is ready to release the service to the T-Mobile G1, the first mobile phone to use the Android open standard mobile device platform.

Once was the time when companies were molded to do one thing and do it good. Distractions were to be avoided for fear of losing focus and a steady revenue stream. In today’s marketplace the same is true in a general sense, but the idea is quietly losing some of its imperativeness as allied markets show opportunity and the possibility for diversification.

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