VC-backed LED startup Luminus Devices has been sold off to a Chinese lighting company. Following in the footsteps of solar, electric cars, and batteries, LED technology is now also getting bought up by Chinese players.
One of the more subtle problems with the first wave of cleantech investing I think has to do with passion, identity and save-the-world over exuberance. It’s hard to call that a fault, but when it comes to making money in the VC model, it’s a problem.
Fisker is the latest electric car maker to reach out to Chinese investors and auto tech giants for investment and acquisition. And it’s also the latest electric car company to struggle and face a discounted value.
SunPower was hoping this year would be better than last, but the company is forcing to do what many of its rivals have done: cut production and employees in order to reduce costs and survive.
The U.S. government is close to finalize its rulings on a trade complaint against Chinese solar manufactures. So far, what many thought would be the fall outs from the trade complaint haven’t materialized.
After making a public appeal for investors, MiaSole has found a suitor in Hanergy, a large renewable energy company in China that just bought another solar equipment maker in Germany. The $30M sales prices of MiaSole shows how cheap solar manufacturing assets can be picked up.
Here’s five ways that next-generation solar technologies can survive and even thrive in the difficult solar manufacturing market.
What’s new with venture-backed solar thin film maker HelioVolt? The company has stayed fairly quiet since a big funding announcement last fall and is taking part in a small project in its hometown of Austin, Texas.
Alan Salzman, co-founder of VantagePoint Capital Partners, has two words of advice for investors trying to make money on their cleantech investments in a difficult year: be patient and embrace the enemy.
India wants a lot of solar energy, and it’s getting a lot of financial help from the U.S.. The Export-Import Bank has provided a $3.7 million loan to a project developer to build a 2 MW project in India using MiaSole’s thin films.
Most of the oil giants have made small investments in cleantech and Chevron’s investment arm, Chevron Technology Ventures, was no exception. But Chevron has been moving away from making any cleantech investments, and hasn’t invested in a cleantech startup in two years, according to its President.
And now for the clear dip that we’ve all been waiting for. According to a report out on Wednesday morning from Dow Jones VentureSource, with analysis by Ernst & Young, cleantech venture capital investing dropped 44 percent to $1.1 billion.
After 10 years of technology development and lining up investors including Intel, solar thin film company Sulfurcell has retooled its business plan that includes a name change, a technology shift and a focus beyond selling solar panels, company executives said Thursday.
TenKsolar, whose wave-like solar electric system design is a radical departure from conventional solar panels, is looking to close a round of funding in about two months, the startup’s founder and president, Dallas Meyer, told us.
Has Solaria finally hit its stride? The company is now on a path to expand production, and later this morning, it’s scheduled to celebrate the new dig with big-name guests such as California Lt. Gov. Gavin Newsom and Sierra Club’s executive director Mike Brune.
Greentech investment trends in the first quarter of 2011 either signal a record-setting expansion for the industry in 2011, or retrenchment in the face of economic and political headwinds — depending on how you look at the numbers.
Greentech VC hit $2.5 billion in the first quarter of 2011, the second-highest quarter on record. Is that a sign of renewed investor confidence, or a sign that greentech IPOs are weak?
Developers of copper-indium-gallium-selenide (CIGS) solar panels may be finally making that leap to mass production, but they have a lot of catching up to do to be competitive. An NREL expert and Morgan Stanley analyst outlines some of the technical and market challenges.
Solar companies have seen their stocks riding high so far this year. But that ride wont’ last forever. Here is a list of events and policies that could move the stocks in 2011.
While many Silicon Valley thin-film solar companies have finally moved into commercial production, here comes Solar Frontier, a division of Japanese oil refiner Showa Shell, who has leapt over everyone to open a near-gigawatt factory and has drawn customers such as GE.
This year saw some improvements in public market investors’ appetite for cleantech companies, but not enough to make it a good year. As always, the hopes are that 2011 will prove a better one. Check out our picks of top 10 IPO candidates.
News coverage of Obama’s visit to Solyndra’s factory have been calling the DOE’s loan guarantee to Solyndra an example of how successful the Department of Energy’s clean power investment programs can be. But is it really?
Thin film startup MiaSole was once the posterchild of the over-hype of the CIGS solar world. Now its ramping up production, planning a new factory, developing next-gen solar shingles, and looking to hit a cost of fifty cents per watt for solar manufacturing.
Oil giant Chevron (s CVX) has an itch to test out early stage solar technology. This morning Chevron plans to show off…