Daily Sprout


Biodiesel Tax Credit Coming Back: A jobs bill expected to be voted on by the Senate this week contains language that would revive a $1 per gallon tax credit for biodiesel producers which expired at the end of 2009. Passage would be good news for the embattled U.S. biodiesel industry. — Reuters.

Coda Automotive Seeks $40M More: Fresh on the heels of landing $25 million from Aegis Capital in January, the Santa Monica, Calif.-based EV maker is seeking an additional $40 million to prepare for launching its electric sedan later this year. — Cleantech Group.

SolarCity Grabs $90M More In Projects: SolarCity “announced a new fund to finance an additional $90 million in commercial and residential solar projects in 2010 with U.S. Bancorp Community Development Corporation (s USBCDC), a division of U.S. Bancorp (s USB) — release.

On-Ramp Wireless Moves Into Asia: Wireless smart grid firm On-Ramp Wireless announced distribution agreements with Korean distributor Uniquest Corporation and Taiwanese distributor MetaTech Inc — release.

GE’s Immelt: U.S. lagging in clean energy: “The demand for energy products is gravitating toward the developing world and the bulk of new clean-energy business risks going along with it, said General Electric CEO Jeffrey Immelt.” — CNET.

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