Firefly Wins $2M from Dept. of Defense for Battery Tech: Lead-acid battery developer Firefly said today it has been awarded $2 million in funding by the U.S. Department of Defense to further development of its microcell foam battery manufacturing processes – Press Release.
Comverge Secures $25M Credit Facility: Demand response firm Comverge announced today that it has entered into a $25 million credit facility with Silicon Valley Bank. $15 million will be used to pay off old acquisition costs while the other $10 million will be available as working capital – Press Release.
China to Adjust Gas Prices to Avoid Slump: Chinese Premier Wen Jiabao said China would “take advantage of good timing” to adjust gas prices to better reflect global pricing. We guess “good timing” means “while everyone is distracted by that $586 billion stimulus package we gave out” – Bloomberg.
An Interview With a Scandinavian Carbon Capture Expert: Karl Anders Hoff has been working on carbon capture and storage technology since the 90s and is now project manager of an eight-year, $46 million CCS R&D project. We’ll ruin the ending for you – it’s still too expensive – Biopact.
Boeing and Air New Zealand Set for Biofuel Flight: The aircraft maker and airline have set December 3 as the date for their test of jatropha-based jet fuel in a 747 jetliner – Green Car Congress.