ArcelorMittal Launches Cleantech Funds, Misaole Gets $20M: ArcelorMittal, a Luxembourg-based steel giant, has launched two new funds, a cleantech venture capital fund and a €100 million ($157 million) carbon fund. The company will be working with VCs including Khosla Ventures, KPCB and Bessemer Venture Partners and have invested $20 million in thin-film solar startup Miasole – VentureBeat.
DOE Doles Out $40M for Two More Biorefineries: The U.S. Department of Energy announced it will be awarding $40 million to two small-scale cellulosic biorefinery projects. Earlier this year the DOE gave out a total of $200 million to seven similar projects – DOE Release.
Chrysler’s Electric Cars Still 3-5 Years Away: While so many major automakers are racing to get their electric cars out the door by 2010, Chrysler’s electric division, ENVI, says it is developing three vehicles that won’t be ready for three to five years – Detroit Free Press.
Solar Takes Wing: Trina Solar Power French Plane: Trina Solar said today it would provide some 300 solar cells to France’s LISA Airplanes for its Hy-Bird solar and fuel cell powered airplane. Assembly is schedule to finish at the end of 2009 – Reuters.

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