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The Cleantech Network issued a report this week that looks back at cleantech venture investing in 2006. It was a “watershed period” in the industry, according to the group, as investment in the sector rose 70 percent in 2006 and the market began to see its […] Read more »

Update: The company just confirmed the funds with us. Reklaim Technologies, a Bellevue, Wash.-based startup that has developed a clean process of breaking down tires, has raised $7 million of a $10 million Series B round led by Goldman Sachs, according to PEHub. Founded in 2003, […] Read more »

When ads from the do-gooder phone company Working Assets would land in my parent’s mailbox when I was a teenager, I remember being thoroughly confused as to why a company would focus on socially-conscious and environmental issues. It just wasn’t done much back then. Of course […] Read more »

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Korean Cash for Climate Change: The South Korean government will set up a $212 million fund to finance renewable energy projects like solar energy — AFP. Paper Mill Power: Penn State researchers want to convert paper mill waste into syngas and then into dimethyl ether, which […] Read more »

Who: SmartSynch, whose smart meter technology uses broadband networks like AT&T’s (T) to connect electricity meters to utilities, expects to bring in $20 million in revenues in 2007. To date, the company has raised $57 million in funding from a long list of investors including Nth […] Read more »

Guess BP wasn’t too happy with being accused of greenwashing by endless critics and the media. The company put out a release this morning in which it “pledges no increase” in the dumping of discharge into Lake Michigan from its Whiting Refinery. BP had obtained a […] Read more »

Whether you consider nuclear power a truly clean technology, or a source of radioactive waste and security threats, the technology is still getting investment because of its lack of emissions. This morning the U.S. Department of Energy says it will give $100,000 to 38 universities ($3.8 […] Read more »

The USDA says it will pass out $97 million in loans for four renewable energy projects. The funds will come out of the USDA’s Renewable Energy and Energy Efficiency (Section 9006) guaranteed loan program and the Business and Industry (B&I) guaranteed loan program. Check out who’s […] Read more »

Green Power Costs Going Up?: The demand for renewable energy credits (RECs) in Silicon Valley is outpacing the amount of land needed to provide clean energy; will the cost of RECs rise? — Green Options. Pearl Jam Not Impressed With BP Dumping, Either: Check out this […] Read more »

Canadian solar cell maker Photowatt Technologies has withdrawn its IPO plans, according to a regulatory filing, and reported by Reuters. The company sites “unfavorable market conditions.” Could this mean a turning point in the market for shares of solar companies? A CNN article from earlier this […] Read more »

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Sun Microsystems has put a lot of resources into greening its data centers — and letting everyone know about it every step of the way. Today the company shares some details about three new data centers that it opened over the last few months in Santa […] Read more »

One of our daily reads is the online clean tech trade publication Inside Greentech. Well, we want to give congrats to them this morning, as the company writes that it will become cleantech.com and a property of the Cleantech Network. Inside Greentech started publishing in October […] Read more »

Last week it was Venture Vehicle’s series A round, and this week Dan Primack at PEHub says that electric SUV and truck maker Phoenix Motorcars is in the process of raising a $15 million series A round from Kleiner Perkins Caufield & Byers, Virgin Fuels and […] Read more »

Innovation in drywall isn’t necessarily something that springs to mind when you think about clean tech. But Sunnyvale, Calif. based green building material startup Serious Materials is in the process of raising a whopping $50 million series B round to deliver more earth-friendly drywall. The company’s […] Read more »

California State Treasurer Bill Lockyer suggested a proposal this weekend for what he says could be the largest investment in renewable energy technology in California state history — a $5 billion bond measure to make state government buildings more green. He proposes the funds will be […] Read more »

Here’s a lesson for companies developing clean technology solutions: if you’re advertising how green you are, make sure your business is eco-friendly across the board. Someone should have told that to BP, which gets the smack down from Advertising Age this morning for pushing a green […] Read more »

Is it Sunday already? Yep, and another week in front of us. Here’s the best of the week behind: Google disses Blackle, the so-called energy-saving black Google, big time. Google’s note to Blackle: Making the Google homepage black will not reduce energy consumption and may actually […] Read more »

Update: Venture Vehicles Founder and EVP of Design & Engineering, Ian Bruce, just confirmed the company’s funding with us via email. While green car startups like Tesla are already going through growing pains, other eco-vehicle startups are raising their Series A rounds. Venture Vehicles, a Los […] Read more »

There’s been a lot of speculation about why Martin Eberhard, the founder and former-CEO of high-profile electric car company Tesla Motors, recently stepped down from his CEO position. Eberhard gives his own take on what happened in this lengthy blog post ‘The Next Leg of the […] Read more »

Khosla Ventures-backed biofuel startup Range Fuels is in fundraising mode right now. The Broomfield, Colo.-based company hired Dan Hannon as its CFO this week, while CEO Mitch Mandich told us that Range Fuels will likely raise a lot of capital this year and next, and potentially […] Read more »

Wells Fargo (WFC) said this morning that it has invested in Nevada Solar One, a 64-megawatt solar plant southeast of Las Vegas. A Wells Fargo spokesperson declined to disclose the size of the investment. JPMorgan Capital led the equity investors, which also included an affiliate of […] Read more »

Sorry, couldn’t resist this one. The first of hundreds of new wind turbines were being erected in Michigan when it faced a fierce opponent. Yeah, that would be wind. It was a little too breezy to get the 380-feet-high turbine and its three 125-foot-long blades up. […] Read more »

Utilities Need Tech Investment To Save $$$: The Electric Power Research Institute put out a report that says without investment in new technology utilities could spend up to $1.8 trillion to reduce emissions significantly by 2050 — GreenBiz. Japan Sees Solar, Pollution Up: Japanese solar cell […] Read more »

Richard Branson’s Virgin Fuels has led an investment of $9 million in lighting startup Metrolight. This is the third round of funding for the Brentwood, Tenn.-based company, bringing its total funds raised to $23 million. Other investors in the round include Gemini Israel Funds, Israel Cleantech […] Read more »

Biodiesel company Imperium Renewables opened a plant today that it says is the largest biodiesel production facility in the U.S., with an annual capacity of 100 million gallons per year. The Seattle-based company has raised over $200 million and, earlier this year, filed for an IPO. […] Read more »

Not everyone is worrying over the effect of biofuels on the price of corn, tortillas, even gummy bears. A report from the Worldwatch Institute says that the rise in global agriculture prices from a biofuel boom could benefit many of the world’s rural poor. The Institute […] Read more »

Here’s the latest from the desk of the biofuels will threaten our food reports. German newspaper Spiegel Online is lamenting that “Germany’s beloved gummy bears,” are falling victim to rising prices as a result of biofuels. Poor lil buddies. The article says prices of one of […] Read more »

Carbon Offsetting, More Harm than Good?: A scientist with the Tyndall Centre for Climate Change Research says offsetting is leading to increased emissions. Uh-oh — BusinessGreen blog. U of Gas: University of New Hampshire says the campus will run on gas from Waste Management’s landfill — […] Read more »

A stealthy Seattle-based geothermal startup AltaRock Energy has raised $4 million in a Series A funding from high profile backers, according to PEWeek and VentureWire [via Cleantech Investing]. The list of investors includes Kleiner Perkins Caulfield & Byers, Khosla Ventures, Aaron Mandell of GreatPoint Energy, and […] Read more »

Update: VMware rose as much as 90 percent in its first day of trading, valuing the company at over $20 billion. — via Bloomberg. Tuesday morning is a big moment for VMware and for virtualization technology in general. The company, a spin-off of EMC, will start […] Read more »

There’s been a lot of hype about the energy-saving powers of Blackle, the all-black site based on Google’s (GOOG) search engine. The site is not, however, affiliated with Google and in fact Bill Weihl, Google’s so-called green energy czar basically shoots holes in Blackle’s raison d’etre: […] Read more »

Solid-state lighting, which uses semiconductor technology, has been a bright spot of venture funding recently. Earlier this month, startups Group IV Semiconductor and BridgeLux both raised money. This morning solid-state illumination startup Collinear confirmed with us that it has raised $3.1 million in a series B […] Read more »

High profile electric car company Tesla Motors is going through a changing of the guard. The company says in a press release this morning that Martin Eberhard, the founder and CEO has stepped down from his post. Eberhard will remain with the company as President of […] Read more »

Can the social network effect change energy consumption habits? That’s what Oakland, Calif.-based startup Lucid Design Group is looking to find out. The 5-person company, which was founded in 2004 out of research at Oberlin College, sells a software and sensor service that monitors the real-time […] Read more »

Enjoying the weekend sunshine? Thinking of doing a little outdoor activities? Nah, come back inside, turn on the laptop and check out our week in review — some interesting stories from last week: Here’s six signs that cellulosic ethanol — made of plant waste and non-food […] Read more »

It’s Friday, it’s been a long week, and really, who needs an excuse to watch a hilarious Daily Show clip on an uncomfortable renewable energy debate. Yep, it’s the Cape Wind clip. Remember it’s about the children. Read more »

Linux and open source fans are often a feel-good bunch, generally aiming for the betterment of the community. So it’s not so surprising to find a green contingent among them, at least when it comes to the energy saving, power management side of Linux. The Green […] Read more »

Spring for Chevy Volt: General Motors says it will begin testing its electric car, the Chevy Volt, in spring 2008. GM also announced another contract with battery-maker A123Systems for the Volt — CNET. Ask + Dell = Green: Ask.com is working with Dell to make its […] Read more »

An increased use of food crops and farm land for biofuel production is already pushing up the prices of certain foods, and they’re expected to keep rising. How much? According to the International Food Policy Research Institute [via AFP] food prices could rise by some 40 […] Read more »

PG&E was showing off this hybrid diesel-electric utility service truck in downtown San Francisco this afternoon. The company is one of 14 utilities testing hybrid trucks as part of the Hybrid Truck Users Forum. Trucks like these can save utilities fuel costs — potentially $4,500 to […] Read more »

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