While we’re all waiting for efficient LED lighting to one day become mainstream, venture capitalists are continuing to back LED innovation. LED chip maker startup Illumitex has raised another $13.52 million in equity, according to a government filing on Monday. Read More »
Cleantech
According to Vice President Joe Biden, the tens of billions of dollars from the stimulus package invested in research and innovation for clean power, the smart grid, and advanced automobiles are working. Read More »
Happy greentech earnings day! Some major bellweathers of emerging green industries — including solar maker SunPower, LED company Cree, lithium ion battery firm A123 Systems, and solar wafer maker LDK — announced earnings today. Here’s are some important bits you should note. Read More »
Today the DOE has awarded $92 million for 43 new projects under the highly competitive ARPA-E program for high risk greentech research, marking the last of the ARPA-E grants to be funded under the Recovery Act. Read More »
A new way of thinking about light bulbs — that’s what it’ll take for GE’s new LED bulb to gain traction with consumers. GE will start selling an LED bulb that can replace incandescents, but consumes 9-watts, lasts 17 years, and could cost $40 and $50. Read More »
Cree shares rallied 14 percent to $18.76 Wednesday after a positive earnings report just as cleantech investors are sifting through numbers to separate the strong from the weak. Demand from consumer and automotive products may be down, but government spending in China and possibly the… Read More »
Durham, N.C.-based Cree, maker of light-emitting diodes (LEDs), will soon illuminate a wing of the Pentagon that’s now undergoing renovations. Defense Department officials signed an agreement today for the company to supply more than 4,200 recessed LED fixtures for part of the Pentagon called Wedge 5.… Read More »
Following a rocky first half of 2008, LED maker Cree is starting to see more news in its favor. The stock rallied 12 percent on Friday, well above the 3.4 percent rise in the Nasdaq. It closed the week at $28.75, up 67 percent over the… Read More »
Cree, the maker of LED lights and chips, is having its best day on the stock market in nearly six months, rising 16 percent to close at $22.20 after posting fourth-quarter results and issuing a first-quarter forecast late Tuesday that were ahead of Wall Street’s… Read More »
