Venture Capital and Cleantech weekly update

Kior Inc. (KIOR), operator of the first U.S. commercial-scale cellulosic biofuel plant, rose the most on record after receiving a $50 million commitment from investor Vinod Khosla to double production capacity at its Columbus, Mississippi, plant. Last month, KiOR told investors that it had missed production targets at its Columbus facility for the second straight quarter, and warned that it … [Read more...]

Venture Capital and Cleantech weekly update

eSolar, a concentrating solar power technology developer, has closed a $22 million funding tranche from existing investors that will support foreign expansion and development of a next-generation heliostat. eSolar previously raised more than $130 million from firms like Oak Investment Partners, Idealab, GE Energy and Google.org. The company is exploring new applications for its next-generation … [Read more...]

EPA’s new rules on existing power plants won’t hasten decline of King Coal’s market

EPA's much anticipated new emission rules for existing power plants were announced today, and one would expect the coal industry and its backers on Capitol Hill and K Street to further decry President Obama’s ‘war on coal’. The rules, which will take a year to finalize, will impose limits on carbon emissions from all future coal and natural-gas plants. This is just the first step that covers … [Read more...]

US Solar Installations Surged In 2nd Quarter

US Solar Installations Surged In Quarter 2, 2013 (via Clean Technica) Originally published on Climate Progress. The second quarter of 2013 was photovoltaic solar power’s second-best ever, with 832 megawatts of capacity installed between April and June. The Q2 2013 numbers, compiled by the quarterly U.S. Solar Market… … [Read more...]

Venture Capital and Cleantech weekly update

SolarCity (SCTY) and energy services provider Direct Energy have created an investment fund to finance $124 million in commercial and industrial solar projects. The fund includes $50 million from Direct Energy, one of the largest retail electricity providers in the U.S. It's Direct Energy's first solar deal, according to the company's blog. According to the announcement press release, customers … [Read more...]

Sun Number catalyzes solar installations with ‘Big Data’

Yesterday, we discussed the continuing strong interest in emerging 'cleanweb companies. The Cleanweb, a term coined by venture capitalist Sunil Paul, describes technology companies that leverage the surge of available data in combination with the internet, social media and mobile to address society’s current resource constraints. When asked about the market potential of cleanweb, Paul said, “The … [Read more...]

Cleanweb investment shows no signs of slowing down

With total investment in cleanweb companies growing 55 percent since 2009, the sector shows no signs of slowing down. Cleanweb companies have attracted $2 billion in investment through 2011, accounting for 25 percent of all VC investments in cleantech as more and more entrepreneurs, investors, and even giant firms like Google, GE, and IBM are harnessing the power of the Internet to make smarter, … [Read more...]

Venture Capital and Cleantech weekly update

SunEdison (SUNE), a polysilicon supplier for the solar industry, received $67.3 million from New Energy Capital, North Sky Capital, and Everstream Energy Capital to develop more than 150 megawatts of solar farms in central and Southern California. SunEdison also announced to spin off its semiconductor unit via a $250 million IPO. SunEdison Semiconductor would trade under ticker symbol WFR, with … [Read more...]

Climate Change Deniers at War with Military Over Green Energy

Climate Change Deniers at War with Military Over Green Energy (via Moyers & Company) When Congress returns from vacation in a week and a half, the Senate will take up the National Defense Authorization Act (NDAA), the bill that sets the Department of Defense (DoD) budget — and defense-related budgets for other departments — and… … [Read more...]

Venture Capital and Cleantech weekly update

NRG Energy, Inc. (NRG) acquired Energy Curtailment Specialists (ECS), one of the largest, private demand response providers in North America. ECS offers business customers ways to contribute to energy load reduction during times of peak demand. Energy Curtailment Specialists currently manages more than 2,000 megawatts of demand response across the country for over 5,000 customers. The move is … [Read more...]