Hug Energy, which had developed an application for computer energy management, is shutting down. CEO Marcus Tallhamn made the announcement in a blog post and an email to users, citing weak investor interest. It’s a sign of how crowded the energy management space has gotten. Read More »
CNN Green
Biofuel production nationwide has been woefully behind schedule as would-be producers struggle to just get their first commercial plants rolling. The U.S. government wants to help and on Thursday announced loan guarantee commitments totaling $571 million for Coskata, Enerkem, and a JV from Valero. Read More »
The DOE has offered a $967 million loan guarantee for the Agua Caliente Solar project, a 290 MW photovoltaic facility that will be built in Yuma County, Arizona, will be developed by NRG Energy and will use First Solar panels. Read More »
At the Cleantech Investor Summit in Palm Springs, Calif. on Wednesday, GM Ventures President John Lauckner highlighted how GM Ventures could help entrepreneurs and startups, and also what GM Ventures is looking for in terms of its investments. Read More »
Biofuel startup Gevo has lowered its upcoming IPO to $13 to $15 per share. That’s about $100 million, or $89 million after fees, less than the $150 million it targeted in August, but close to what analysts have predicted. Read More »
Grab your biofuel startups fast, Lux Research says — the field of contenders with game-changing technologies for turning non-food feedstocks into useful hydrocarbons is getting sparser by the minute. The report sees Big Oil and consumer products conglomerates quickly winnowing the field of the best technologies. Read More »
Electric vehicle drive train system maker KLD Energy is looking to raise $10 million in debt and securities, and has closed on a little over $2 million of that round. The startup has planned to build its business via electric scooters in Asia. Read More »
Intematix, an eleven-year-old VC-backed LED materials company, has an announced a new product called ChromaLit, which uses a new design for a phosphor light source for LED makers. The company says it will revolutionize the way LEDs are made. Read More »
The argument against electric cars is that if the grid is powered by mostly coal, then so are our cars. But the long term goal is to move the grid over to clean power. However, here’s the bumpy road ahead for these transitions. Read More »
More bad news about cellulosic biofuel maker Range Fuels. The financially-strapped company reportedly plans to shut down its plant in Georgia after making just one batch of ethanol. It needs to more raise more money and tackle technical problems at its first commercial plant. Read More »
Investors loved the wind energy sector, and they showed it by blowing the most investment dollars that way in 2010. They also were most busy with energy efficiency deals, the number of which surpassed other cleantech categories last year, according to a U.S. market report by… Read More »
According to a recently-released independent report from the California Council on Science and Technology, which compiled a lot of the already available research done on the subject, there are no known health risks associated with living with a smart meter. Read More »
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