New York Green Bank Gets $210 Million In Start-Up Funding

New York Green Bank Gets $210 Million In Start-Up Funding (via Clean Technica) While most Americans wait around to see what’s waiting for them under the Christmas tree, it looks like New York State’s clean energy industry got to open its present a few days early. Governor Andrew Cuomo announced $210 million in initial capitalization… … [Read more...]

Venture Capital and Cleantech weekly update

Gevo (GEVO), a renewable chemicals and advanced biofuels company, received $22.6 million from Total Energy Ventures, Khosla Ventures, Virgin Green Fund, and Malaysian Life Sciences Capital Fund (MLSCF) Portion of the investments will be used to repay the company's $5.1 million outstanding long-term debt obligations.   Transphorm, a developer of power conversion technology, received … [Read more...]

Two announcements from Senate Finance Chair Max Baucus could have long lasting impacts on energy policy

Image courtesy of Thomasnet News

It was a pretty newsworthy week for energy tax policy as two big announcements could have major impacts on policy decisions for years to come. First, outgoing Senate Finance Chairman Max Baucus (D-MT) announced a plan to eliminate all 42 existing tax incentives for specific energy sources (including the wind production tax credit). In his new plan, Congress would create two broad tax credits that … [Read more...]

Creating A Solar Energy Bank

Creating A Solar Energy Bank (via Clean Technica) Originally published on RenewEconomy What if households could deposit excess solar output in an “energy bank”, and use it to drawn down when needed or loan energy to others. There is no doubt that rooftop solar systems are seen as a threat to incumbent… … [Read more...]

Venture Capital and Cleantech weekly update

The U.S. Department of Energy announced $150 million in clean energy tax credits to build U.S. capabilities in clean energy manufacturing. The credits will go towards investments in domestic manufacturing equipment by 12 businesses. Corning Inc. (GLW) will receive $30 million to expand the manufacturing capacity of its diesel emissions control products facility Cree Inc. (CREE) will get … [Read more...]

NREL: Soft Costs Now Largest Piece Of Solar Installation Costs

NREL: Soft Costs Now Largest Piece Of Solar Installation Costs (via Clean Technica) Two reports published by the US Energy Department’s National Renewable Energy Laboratory (NREL) show that soft costs — such as financing and other non-hardware costs — now make up the largest section of solar installation costs, coming in at 64… … [Read more...]

New tool allows investors to factor a Carbon Bubble in portfolios

Image courtesy of Bloomberg L.P.

Last year the International Energy Agency (IEA) warned that a third of the world’s oil, coal and other fossil fuel reserves must remain untouched until 2050 to stave off catastrophic climate change. The idea of this finite “Carbon Budget” has become a key part of the U.N. Intergovernmental Panel on Climate Change’s (IPCC) recent assessment of climate change. Climate experts state that order to … [Read more...]

China Looking Towards Distributed Solar Over Utility-Scale

China Looking Towards Distributed Solar Over Utility-Scale (via Clean Technica) Originally published on RenewEconomy China is looking to switch the emphasis of its booming domestic solar market towards the “distributed” market – essentially rooftop and small, local, plants – rather than large, utility-scale solar farms.… … [Read more...]

EPA may look towards a ‘Cap and Invest’ program to limit carbon emissions

CA Coal

The general consensus among energy and policy efforts has been that ‘Cap and Trade’ in the US is dead, thanks in part to an inept Congress and misspent political capital. However, due to the success of regional programs in the northeast and in California, there may be another life for a market based policy systems to reduce carbon emissions. Environmental Protection Agency Administrator Gina … [Read more...]

Venture Capital and Cleantech weekly update

Honest Buildings, an online marketplace linking building-services providers with property owners, received $4 million from Thrive Capital, along with previous investors Westly Group and RockPort Capital. Honest Buildings' signature product, HB Match, enables building-services providers to create free, online portfolios of their work. Honest Buildings then evaluates the portfolios to see if they … [Read more...]