Biochemical and biofuel companies can no longer rest assured that they can raise money going public. Genomatica has ditched its plans for an IPO, and opted to raise private funding. Solix Biofuels has also raised a new round of private funding. Read more »
If the first day back to work in 2010 is an indicator of how greentech investing will look this year, there’s a reason to be bullish. By Monday afternoon we saw three greentech startups file fund raising documents with the SEC, and on Tuesday another greentech […] Read more »
Solix Biofuels might not have a big oil backer like a number of its algae fuel competitors, but the Fort Collins, Colo.-based startup can now list Los Alamos National Laboratory as a partner. Solix said this week that it’s entered into a research and development agreement […] Read more »
Algenol Biofuels, with its just-announced plans to build an algae fuel demo plant in partnership with Dow Chemical, isn’t the only startup taking the demise of a well-funded algae fuel company — GreenFuel Technologies — in stride. Today 3-year-old Solix Biofuels, which has some similarities with […] Read more »
Prepaid mobile phone provider MetroPCS today reported profits of $14.6 million for the fourth quarter on sales of $723.6 million. The carrier didn’t meet Wall Street earnings expectations after writing down more than $90 million in auction rate securities, but it has added a significant number […] Read more »
Algae fuel startup Solix Biofuels is raising $15.5 million from the a variety of investors including the investment group for a Colorado Native American tribe and massive oil refinery operator Valero Energy. Read more »
Andy Grove, the former chairman of Intel turned plug-in vehicle advocate, challenged the attendees of the Plug-In 2008 conference on Tuesday to put 10 million plug-in hybrid electric vehicles on the roads in four years. Those plug-ins should be retrofitted from vehicles with poor mileage like […] Read more »