Funding Roundup: Utility Solar, PG&E's Pipeline, Wood Biofuels

Series A Shines on Solar Startup: Pyron Solar, which makes concentrating photovoltaic systems on a utility scale, says it has closed a Series A round of investment from New Energies Invest (NEI). Other solar concentrating startups are GreenVolts, Energy Innovations, and Cool Earth Solar. — Renewable Energy Access.

PG&E Likey Gas Pipeline and Clean Energy: California utility PG&E says it will acquire a 25.5 percent interest in the Ruby Pipeline project, which is a planned $2 billion, 680-mile, natural gas transmission pipeline. The pipeline will connect Rocky Mountain natural gas producers with users in northern California, Nevada, and the Pacific Northwest.

The move isn’t so green, but at the same time PG&E also announced that the California Public Utilities Commission (CPUC) has approved those four renewable energy power purchase agreements — three utility-scale solar and one geothermal – will generate 585.5 megawatts (MW) of clean electricity. Those PPA’s come from Solel, GreenVolts, CleanTech America, and Western GeoPower. — PG&E’s release and release.

Norwegian Paper Maker To Invest in Biofuel JV: Paper manufacturer Norske Skog says it will partner with forest owners cooperatives to make a joint venture to create wood-based biofuel. Forbes puts Norske’s total investment between 100-200 million nkr. — Biopact, and Forbes.


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