Electric vehicle maker Fisker Automotive announced on Monday that it has halted work on its second electric car called Project Nina at its factory in Delaware, has laid off 26 workers, and is attempting to renegotiate the terms of its loan with the U.S. government. Read More »
Cleantech
Some good news and bad news for the beleaguered battery maker Ener1. On Thursday, the company announced it’s filing for Chapter 11 in New York, but has done so under a pre-arranged restructuring plan that includes commitments for up to $81 million from investors. Read More »
Private equity firm Silver Lake’s first foray into energy and cleantech investing is gonna be a big one. According to a filing, Silver Lake Kraftwerk is raising a $1.25 billion fund and has closed a little over $200 million of it. Read More »
Beacon Power, the flywheel maker that filed for bankruptcy last month after winning a $43 million loan guarantee from the Department of Energy, announced on Saturday that it plans to sell its 20 MW flywheel plant in Stephentown, New York, to pay back the DOE loan.… Read More »
Electric vehicle startup Fisker Automotive has dramatically scaled back production plans of its first car, the Karma, in the fourth quarter of 2011, and it won’t ramp up to full production until the second quarter of 2012. Read More »
It’s been over a month since the Solyndra news came out, but it’s still dominating. Because it just won’t go away, here’s my top five list of projects that the DOE also backed with loan guarantees and that are showing some early signs of success. Read More »
The DOE’s new No. 2, Richard Kauffman, started his job on the Tuesday after the Solyndra announcement. He sees Solyndra as an example of cheap Chinese financing, which is behind the decline in Chinese solar cells, compared to the high costs of financing in the U.S. Read More »
This week Solyndra announced plans to file for bankruptcy and said it will lay off 1,100 employees. How will the event impact the larger cleantech industry, greentech startup funding and the solar sector as a whole? We ask you to weigh in. Read More »
Three-wheeled electric-car startup Aptera has already delayed the launch of its car and has discussed restructuring and moving its manufacturing out of California. But it looks like the company is not completely down for the count: According to a filing, Aptera has raised $2.5 million in… Read More »
Poet’s so-called “Project Liberty” biofuel plant, which will use corn waste instead of edible corn, is getting some support from the U.S. government. On Thursday, the Department of Energy announced it will offer Poet a $105 million loan guarantee to build out Project Liberty in Iowa. Read More »
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