Cleantech VC is receding because of poor short-term performance – no surprise in a post-bubble field with outsized time and money requirements. The category is about to go on a walk in the woods, where innovators will blaze a new trail. Read more »
How likely is it that electric car company Fisker Automotive will be able to draw down on the remaining $339 million of its Department of Energy loan? According to one analyst, not likely. Read more »
Updated. Electric car maker Fisker Automotive issued its second recall of its inaugural car the Karma, this time due to a software malfunction that affected its entertainment and navigation systems, reports Hybridcars. Fisker will also temporarily halt sales of the Karma until the problem is fixed. Read more »
LG Chem has won its first deal in the utility market — it will supply lithium-ion battery packs for a Southern California Edison energy storage project. Read more »
There’s been a lot of high-fiving among energy storage technology developers about a bill signed into law by California Gov. Arnold Schwarzenegger this week. However, the bill doesn’t mandate energy storage, which means it’s far from determined which technologies and players will be the big winners. Read more »
Solar thermal player BrightSource has raised another $26 million of its previously raised round, and reportedly has moved closer to an IPO by hiring Morgan Stanley and Goldman Sachs. Will the solar thermal leader hit the public markets in 2011? Read more »
Can the grid handle the growing flow of wind and solar that will come online in the next few years? According to California’s grid operator the answer is yes, but with a particular attention to energy storage policy. Read more »
