Summary:

The Beijing Olympics, the supposed “Green Olympics,” kicked off yesterday and America watched on tape-delay as China made its first move at its coming out party. In case you were distracted by the amazing synchronicity of the opening ceremonies, we’ve gathered all the big cleantech headlines […]

The Beijing Olympics, the supposed “Green Olympics,” kicked off yesterday and America watched on tape-delay as China made its first move at its coming out party. In case you were distracted by the amazing synchronicity of the opening ceremonies, we’ve gathered all the big cleantech headlines of the week for you here.

What Obama’s Energy Speech Means for Cleantech: Obama unveiled a slightly reoriented energy plan that prioritizes getting energy costs down but still means lots of federal supports for the cleantech industry.

EEStor Joining Other Energy Storage Startups on the Grid: MIT Technology review sat down with stealthy EEStor’s CEO. He says EEStor’s capacitor-like “electrical energy storage unit” could soon be attached to the grid to boost the total amount of available energy by 45 percent by solving the intermittent problem of renewable energy sources of when the wind doesn’t blow and the sun doesn’t shine.

Abengoa Rakes in $426M for 4 Solar Power Plants: The solar arm of Spanish renewable energy and engineering giant Abengoa says it has raised over €280 million ($426.33 million) for four new solar power installations it plans to build across Spain. This will fund more construction at Abengoa’s site in Seville where it’s developing parabolic trough, Stirling dish and photovoltaic solar energy systems.

Battery Maker A123 Systems Files to Raise Up to $175M in IPO: Lithium-ion battery maker A123 Systems has filed to go public. A123 plans to have it shares trade on the NASDAQ under the symbol AONE; Morgan Stanley and Goldman Sachs are co-leading the underwriting. The startup stands to raise up to $175 million.

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