The demand for lithium-ion batteries hasn’t grown as quickly as many battery developers have anticipated, and that leaves a rather bleak near-term outlook for startups who had counted on the rise of electric car, grid storage and even laptops as lucrative markets. Read more »
Is A123 Systems a company that is good at announcing deals but can’t profit from them? After cutting its 2011 sales forecast last Friday, A123 on Monday announced a licensing deal with Japan’’s IHI, which will make a $25 million equity investment in A123. Read more »
The courtship between A123 Systems and GM didn’t really work out before, but the two are giving it another try. GM on Wednesday named the lithium-ion battery maker as the supplier for its newly announced all-electric Chevrolet Spark, which is set for launch in 2013. Read more »
China has long been perceived as the must-tackle market for clean power and cleantech, but it’s also become a spigot of private capital for startups that find the marriage of money and market opportunity particularly appealing. Read more »
China is poised to become a giant solar and wind energy producer, and that will open opportunities for energy storage technology developers. ZBB announced its foray into China on Tuesday and more American companies are sure to follow. Read more »
In the first half of 2011, a variety of cleantech firms both filed for IPOs and made their debuts on the public markets. But in the wake of the market sell-off this week, that IPO window could be swiftly shutting. Read more »
The federal government, which is one of the biggest boosters of electric cars, announced two initiatives on Tuesday: a Google Map project featuring charging stations nationwide, and $5 million in funding for cities to come up with plans to popularize electric cars. Read more »
In the second quarter of 2010, greentech startups scored record venture capital and increased spending despite a weak economy. Solar power retained its lead in greentech venture financing, while global investment for clean energy asset financing fell. China, meanwhile, underscored its rising might in the greentech industry, raising billions of dollars in green energy financing. Read more at GigaOM Pro »
