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Cleantech

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 »

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 »

The styling of the Model S Beta

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 »

How the military and solar industry can work together

As energy use by the U.S. military grows — the Department of Defense (DoD) uses 300,000 barrels of oil every day — the conversation about how the military can consume cleaner power continues to grow, too. One potentially good fit could be concentrating solar photovoltaic technology. 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 »

DuPont buys solar ink maker Innovalight

DuPont announced on Monday that it has bought Innovalight, a Silicon Valley startup that makes silicon ink that solar-cell makers can use to improve the amount of electricity that the cells can squeeze out of sunlight. DuPont declined to disclose the purchase price. 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 »

More Must Reads

Biofuel startup KiOR has priced its IPO at $15 per share, below its estimated price per share of between $19 to $21. Read More »

While electric car maker Fisker Automotive is in the process of launching its first electric car, the Karma, to dealerships and customers this summer, the auto startup says it is also starting to hire workers for its next-generation electric car, dubbed code name Project Nina. Read More »

The Department of Energy has awarded so many loan guarantees to solar companies this week, it’s getting difficult to keep track. The latest, announced Friday, is a $150 million loan guarantee to 1366 Technologies, a startup that innovates around silicon wafer production. Read More »

Electric car maker Fisker Automotive has already raised over $1 billion in equity, loans and grants. And yet, the company, which will be launching its first inaugural electric car this summer, has raised another $100 million. That’s on top of the $190 million which recently closed. Read More »

There was some concern that the Department of Energy’s loan program would fall victim to budget cuts. But at GigaOM’s Green:Net conference Thursday, DOE Loan Chief Jonathan Silver said that despite those fears, changes in the new budget have actually been somewhat favorable to the program. Read More »

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