Microbes eat gas, make fuel
The New Zealand government’s $27 billion fund set up to cover future pension payments has invested $60 million into startup LanzaTech, which…
Power companies are becoming more interested in Bloom Energy’s fuel cells, while customers are asking Bloom for the PPA-style power-as-a-service deal.
The power sources for data centers are becoming both cleaner and less dependent on the power grid.
The Valley’s fuel cell startup Bloom Energy has now raised over $1.1 billion, according to a report. While Bloom has gotten strong traction, particularly with data center operators, fuel cell manufacturing is difficult and capital intensive business.
Verizon is making its largest commitment to clean power to date with a planned $100 million investment into installing solar panels and fuel cells at its facilities. The company joins the league of Apple and Google with its aggressive investments in distributed, renewable energy.
An east coast power company and a Connecticut utility have signed onto a large fuel cell project that will be built in the city of Bridgeport, Connecticut, using fuel cells from FuelCell Energy. The move is rare for a utility in the U.S.
According to Bloom Energy’s third quarter earnings, uncovered by Fortune, Bloom is still losing money every quarter, but hopes to become profitable in 2013.
Advanced Equities, a controversial investment group in Chicago, is closing up its broker-dealer operations, reports Fortune. The firm had raised hundreds of millions of dollars for cleantech startups in recent years, but recently settled charges with the SEC, hurting its reputation and costing it $1 million.
Will Advanced Equities’ charges from the SEC, and subsequent settlement, linger as an issue for Bloom Energy? As part of the settlement, Advanced Equities has to attempt to accommodate any investor in the fund in question if they want to sell the securities.
Electric car maker Fisker Automotive has managed to raise $100 million of its planned $150 million round, bringing the company’s funds to a eye brow raising $1.2 billion. Advanced Equities led the fund raise.
Investment group Advanced Equities has agreed to pay $1 million to settle charges that it misled investors while raising funds for an alternative energy company in Silicon Valley back in 2009 and 2010. That company in question is reportedly fuel cell maker Bloom Energy.
Will Microsoft be the latest Internet company to buy fuel cells from Bloom Energy to provide power for its data centers? Microsoft says it is looking for backup power sources that could use natural gas and could replace its diesel generators.
Bloom Energy, a Valley startup that makes fuel cells, says it’s about half way to reaching profitability, and is doubling its installed units and revenues every six months. How long until the company makes it to break even?
eBay just one-upped Apple’s data center fuel cell farm. On Thursday the commerce giant announced that it is building additional capacity at its data center in Utah and it plans to power that new capacity with 30 fuel cells from Bloom Energy.
A non-profit government watch dog group called Cause of Action has filed a lawsuit accusing Delaware Governor Jack Markell and the Delaware regulatory agency Delaware Public Service Commission of cronyism with fuel cell maker Bloom Energy.
Advanced Equities, an investment and brokerage firm that has helped raise hundreds of millions of dollars for cleantech firms in recent years, could see its CEO and co-founder resign as early as this week, according to a report in DowJones VentureWire.
Fuel cell maker Bloom Energy is raising another $150 million at a pre-money valuation of $2.7 billion, according to DowJones VentureWire. If closed, Bloom Energy will have raised $800 million over its 11-year lifetime.
We were wondering where Apple and Bloom Energy were planning on getting all that biogas to run the large fuel cell farm at Apple’s North Carolina data center. According to a filing with FERC, Apple will get the biogas from landfills.
Last month I exclusively reported that Apple was buying fuel cells from Bloom Energy for its data center in Maiden, North Carolina. Well, on Monday morning Bloom Energy has finally confirmed that yes, it is supplying fuel cells for Apple’s data center, reports CNET.
At first glance biogas — gas that is produced by the breakdown of organic matter — and data centers that are powering the world’s always-on websites don’t seem like a clear fit. But some data center operators are researching ways to use biogas and here’s why:
Now that Japan, Germany and other European countries have started to move away from nuclear plans, large fuel cell makers like FuelCell Energy are seeing an uptick in interest in those countries. That’s what FuelCell Energy CEO and President Chip Bottone told me in a recent interview.
Venture capital investing in cleantech companies was up slightly in the third quarter of 2011, but still continues to focus on large follow-on rounds as investors’ more capital-intensive companies are maturing and need more capital to scale up, and in some cases, reach a commercial stage.
Silicon Valley’s high profile fuel cell company Bloom Energy has scored its first deal with a telco: AT&T, which said it plans to install 7.5 MW of Bloom’s fuel cells, which it calls Bloom Energy Servers, at 11 AT&T offices in California.
The most talked about company in cleantech in 2010, fuel cell company Bloom Energy, announced Thursday morning that it’s launching an offer for 10-year electricity contracts with no upfront payment for the Bloom Box fuel cell itself, which costs between $700,000 to $800,000.
The year in greentech was influenced by a whole grip of startups, investors, innovators, and policy makers. But when it comes to page views, there were a couple of companies that dominated: Bloom Energy, and Bill Gate’s TerraPower. Here are the Top 10 stories of 2010:
It’s been a long year and a half since Cleantech Blog published its last Cleantech Blog Power 5 highlighting the top investors in cleantech. . . And the bottom five wild cards. Time for round two.
The chief of the oh-so-buzzy fuel cell company Bloom Energy, K.R. Sridhar, told Reuters at the media company’s climate conference this week, that in a few months Bloom Energy will have ramped up production enough to produce one Bloom box per day.
Bloom Energy has installed the largest single installation to date on the roof of Adobe’s headquarters in San Jose, Calif. The dozen fuel cells will be one of the first to run on biogas (methane from organic waste), making them carbon free.