ANN ARBOR—Esperion Therapeutics Inc., a developer of a new class of cholesterol-reducing drugs, announced that the compensation committee of its board of directors granted non-qualified stock options to purchase an aggregate of 39,500 shares of its common stock and 35,388 restricted stock units (RSUs) to 18 new employees under Esperion’s 2017 Inducement Equity Incentive Plan.
LANSING - On Thursday, U.S. Sen. Debbie Stabenow and U.S. Sen. Gary Peters announced legislation that would extend sunset of the Great Lake Restoration Initiative by five years and increase funding for the project. The move, they said, would build on existing success and improve conditions of the lakes. Under the proposed legislation the Great Lakes Restoration Initiative
ANN ARBOR—Asian carp are capable of surviving and growing in much larger portions of Lake Michigan than scientists previously believed and present a high risk of becoming established, according to a new modeling study from University of Michigan researchers and their colleagues. Some previous studies suggested that low food levels in Lake Michigan could be
LANSING - A proposed settlement between Consumers Energy and independent power producers could lead to hundreds of megawatts of solar power being built within the next four years. On Thursday, the utility filed the proposed settlement with the Michigan Public Service Commission hoping to resolve a more than year-long dispute with solar developers looking to sell power to Consumers.
ANN ARBOR—A collaborative, multisector team, led by the University of Michigan’s Water Center at the Graham Sustainability Institute and its School for Environment and Sustainability, has been awarded a five-year, $20 million cooperative agreement to support the National Oceanic and Atmospheric Administration in overseeing research at a nationwide network of 29 coastal reserves. Other team
LANSING - Michigan electric customers during the years 2022 and 2023 should enjoy an adequate supply of power, according to the Public Service Commission. Commission officials said Thursday that all electric providers in the state successfully demonstrated to the PSC they had adequate supplies to customer needs in the 2022-23 planning year. The commission annually
UM Study: Investing In Energy Storage For Solar, Wind Power Could Greatly Reduce Greenhouse Gas Emissions
ANN ARBOR—Drive through nearly any corner of America long enough and giant solar farms or rows of wind turbines come into view, all with the goal of increasing the country’s renewable energy use and reducing greenhouse gas emissions. But what some may not realize is at times these renewable energy sources can produce more power
CHARLOTTESVILLE, Va. — Apex Clean Energy today announced that its proposed sale of the Isabella Wind I and II projects to the Detroit-based utility holding company DTE Energy, has been conditionally approved by the Michigan Public Service Commission (MPSC). The two projects, totaling 385 MW and located in mid-Michigan’s Isabella County, will be the largest
LANSING - Control of the Public Service Commission will flip to a 2-1 Democratic majority later this summer following the appointment Wednesday of environmental sustainability advocate Tremaine Phillips who will take over a vacant seat. Environmental groups were enthusiastic in their initial responses to Governor Gretchen Whitmer's pick of Phillips, who has worked within the energy
HOUGHTON—The cost of solar energy has plummeted in recent years, and a new study from Michigan Technological University’s Michigan Tech Open Sustainability Technology (MOST) Laboratory shows just how few fortunes it would take to permanently green the grid. The study shows that the personal fortunes of just 79 American multi-billionaires could completely eliminate the use of fossil