Daily Sprout


REC Halves Solar Cell Output: Renewable Energy Corp. plans to cut solar cell and module production in the second quarter by nearly 50 percent to adjust to weak markets, although it will restart halted production later in the year. — Reuters

Think to Scope Out Oregon: Representatives from Think North America will visit Oregon next week as part of a hunt for a site (and incentives) where it can build a factory and technical center for its electric Think City car. Seven other states, including Michigan, are also in the running. — Portland Business Journal

Utilities Accelerate Smart Grid Efforts: Not known for rapid change, utilities have been pushing ahead with smart grid upgrades at “rocket speed,” creating new opportunity for startups. — Mass High Tech

Proven Energy Snags Another $672K: Low Carbon Accelerator has invested another £500,000 ($672,000) in Scotland-based small wind turbine maker Proven Energy, hiking the firm’s total investment to $9.6 million and its equity ownership in the startup to 49.83 percent. — Cleantech Group

Hyundai Plug-Ins to Hit U.S. in 2012: Hyundai officials in Korea have confirmed that the brand plans bring its first plug-in hybrid to the U.S. in late 2012, hoping to go head-to-head with the Chevy Volt and Toyota Prius. — Motortrend

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