Proterra Paves Way for Growth with $30M Investment

According to the press release, “Proterra Inc, a leading maker of zero-emission commercial transit solutions, today announced an investment of $30 million to accelerate the commercialization of its world-leading, fast-charge battery electric transit buses and automated bus charging system. The investment is being led by Silicon Valley venture firm Kleiner Perkins Caufield & Byers (KPCB), [...]

Tesla Motors to Raise More Capital

Founded in 2003, Tesla Motors has announced it is offering an additional 5.3 million shares of common stock. In addition, Tesla Motors CEO Elon Musk and Daimler affiliate Blackstar Invesetco plan to purchase additional company shares in a private placement at the public offering price (PIPE). Part of the funds will go into developing Tesla’s [...]

First Solar & China Power International New Energy Announce International Cooperation Framework Agreement

According to the press release, “First Solar, Inc. (Nasdaq: FSLR) and China Power International New Energy Holding Limited (CPINE), a wholly owned subsidiary of China Power New Energy Development Company Limited (CPNE; HKEX Stock Code: 735), today signed a strategic cooperation framework agreement to collaborate on solar photovoltaic (PV) projects in China, the United States [...]

First of 70 eVgo sm Electric Vehicle Charging Stations in Dallas Ready to Charge

The press release states, “NRG Energy, Inc. (NYSE: NRG) is bringing range confidence to electric vehicle (EV) owners in the Dallas/Fort Worth Metroplex by commencing operations at the first privately funded, eVgo sm (ee-vee-go) Freedom Station in Texas, including the first high-speed direct current (DC) charger in Texas that is among the first in the [...]

Solyndra Closes $75 Mil Credit Facility

According to the press release, “Solyndra, a manufacturer of cylindrical solar photovoltaic (PV) systems for large industrial and commercial rooftops, today announced the closing of a new $75 million secured credit facility underwritten by existing investors. The proceeds from the financing will be used to support Solyndra’s working capital requirements, accelerate the Company’s ongoing cost [...]

USABC Awards $15.6 Mil in Advanced Battery Tech Contracts to 3 Firms

The press release states, “The United States Advanced Battery Consortium LLC (USABC), an advanced research collaboration among Chrysler Group LLC, Ford Motor Company and General Motors Company, today announced approximately $15.6 million in advanced battery development and technology assessment contracts to three firms. The competitively bid contract awards are co-funded by the U.S. Department of [...]

Imperial Valley Solar Project Acquired by AES Solar

According to the press release, “Tessera Solar announced today that AES Solar, a joint venture between the AES Corporation and Riverstone Holdings, has acquired the Imperial Valley Solar Project. AES Solar develops, finances, constructs, owns and operates utility‐scale solar power plants, globally. AES Solar intends to move the project forward and is committed to working [...]

Bord Gáis Energy commits €2million to OpenHydro

OpenHydro, the Irish tidal renewable energy company and Bord Gáis Energy have concluded an agreement for Bord Gáis Energy to become a shareholder in OpenHydro. In addition to the investment, OpenHydro and Bord Gáis Energy have formed a joint venture focused on the development of a utility scale tidal farm off the coast of Ireland. [...]

GE buys Lineage Power from The Gores Group

According to the press release, “GE (NYSE: GE) today announced it has signed an agreement to acquire privately-held Lineage Power Holdings, Inc., from The Gores Group, LLC. Lineage Power is a leading global provider of high-efficiency power conversion infrastructure technology and services for the telecommunications and datacenter industries. The deal will open the door for GE [...]

Abound Solar closes $400 million loan guarantee from US DOE and $110 million equity investment

Press release states, “Abound Solar, a manufacturer of next-generation, cadmium telluride, thin-film photovoltaic solar modules, today announced that it has closed on a $400 million loan guarantee from the U.S. Department of Energy (DOE) to fund the expansion of the company’s manufacturing capacity. The company also announced that it has raised an additional $110 million [...]

H2 Logic: Hydrogen station for Lillestrøm Norway in 2011

According to the press release, “Recently Hynor Lillestrøm AS signed a contract with H2 Logic A/S on delivery of a hydrogen station in summer 2011, after a competitive tender exercise. The station will be installed at a new hydrogen research facility at Akershus Energy Park in Lillestrøm just outside of Oslo in Norway. The station [...]

Boeing has started mass production of its Newest Terrestrial Solar Cell

Press release states, “The Boeing Company [NYSE: BA] today announced that Spectrolab, a wholly owned subsidiary, has started mass production of its newest terrestrial solar cell, the C3MJ+. With an average conversion efficiency of 39.2 percent, C3MJ+ will be the industry’s highest-efficiency cell. The concentrator photovoltaic (CPV) cells — used for renewable energy — draw [...]

NewWorld Capital Group invests in Coolerado Corporation

The press release states, “NewWorld Capital Group today announced a strategic investment in Coolerado Corporation, a manufacturer of super-energy-efficient air conditioning systems for commercial and residential applications. Electrical energy costs associated with commercial air conditioning exceed $45 billion in the United States alone, representing more than a third of total electricity consumed in these buildings. [...]

Germany to raise bioethanol content in gasoline

According to Reuters, “the German cabinet on Wednesday approved a proposal to raise the maximum level of bioethanol allowed in blended gasoline to 10 percent from 5 percent now, the government said in a statement. The change will take place from January 2011, the statement said. Analysts said on Monday the increase would help boost [...]

Yingli Green Energy Announces New 700 MW Capacity Expansion Projects

According to the press release, “Yingli Green Energy Holding Company Limited (NYSE: YGE) (“Yingli Green Energy” or the “Company”), a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers, which markets its products under the brand “Yingli Solar,” today announced its new 700 MW capacity expansion projects to be located [...]

Exelon Expanding Into Wind Generation with Acquisition of John Deere Renewables

According to the press release, “Exelon Corporation today announced an agreement to acquire John Deere Renewables, a leading operator and developer of wind power, in a transaction that will add 735 operating megawatts of clean, renewable energy to Exelon’s generation portfolio, as well as an additional 230 megawatts in advanced stages of development. The acquisition, [...]

Cosan and Shell sign joint venture

According to the press release, “London and São Paulo, August 25, 2010 – A US$12-billion joint venture between Shell International Petroleum Company Limited (Shell) and Cosan S.A. (Cosan) moved closer to reality today when the two companies signed binding agreements. The proposed joint venture, which still requires regulatory approval, will produce and commercialize ethanol and [...]

Silver Spring Networks Announces Contract Extension with FPL

According to the press release, “Silver Spring Networks, a leading Smart Grid solutions provider, announced today a multi-year extension of its agreement to provide managed services to Florida Power & Light Company (FPL), the largest electric utility in Florida and one of the largest rate-regulated utilities in the United States. Under the terms of the [...]

Magma Energy Purchases of a Further Interest in Icelandic Geothermal Energy Producer

According to the press release, “Magma Energy Corp. (TSX: MXY) announces that its wholly-owned subsidiary, Magma Energy Sweden A.B., today has closed a portion of a previously announced agreement to acquire further shares of Iceland geothermal company HS Orka hf. Magma Sweden now holds an 84.21% interest in HS Orka. The acquisition was originally announced [...]

Energy Conversion Devices Announces Manufacturing Capacity Realignment

According to the press release, “Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building-integrated and commercial rooftop markets, today announced that it is realigning solar manufacturing capacity in its United Solar business among its existing facilities as part of its overall cost reduction activities. Effective [...]

Finavera Renewables Signs $7.5 million Joint Development Agreement with GE Energy

According to the press release, “Finavera Renewables Inc. (‘Finavera Renewables’ or the ‘Company’) (TSX-V: FVR) is pleased to announce it has entered into a project development partnership with GE Energy, a business unit of GE. Under the terms of the Joint Development Agreement (JDA), GE will provide Finavera Renewables with project development funding up to [...]

Terra-Gen Power Announces Closing of $1.2 Billion Construction Financing and Wind Turbine

According to the press release, “Terra-Gen Power, LLC (“Terra-Gen”) announced today that it has closed a $1.2 billion financing for four wind power projects with a total of 570 megawatts (MW) of capacity at its Alta Wind Energy Center in Kern County, California. The four projects, known as Alta Projects II-V, will use 190 V90-3.0 [...]

China dismisses IEA label as world’s top energy user

According to Reuters, “China on Tuesday disputed that it had surpassed the United States last year to become the world’s largest energy user, and defended its efforts in boosting cleaner energy sources. The International Energy Agency estimates China last year consumed 2.265 billion tonnes of oil equivalent of energy from sources including coal, oil, natural [...]

Secretary Chu Announces Initiatives to Promote Clean Energy at First Clean Energy Ministerial

According to the press release, “At the world’s first Clean Energy Ministerial, U.S. Energy Secretary Steven Chu today announced that the United States is helping launch more than 10 international clean energy initiatives.  These initiatives will cut energy waste; help deploy smart grid, electric vehicle, and carbon capture technologies; support renewable energy markets; expand access [...]

President Obama Announces a conditional commitment offer for a $1.45 Bil Fed. Loan Guarantee for Abengoa Solar

According to the press release, “President Obama announced today in his weekly video address that DOE has offered a conditional commitment for a $1.45 billion loan guarantee to Abengoa Solar, Inc. The loan will support the construction and start-up of Solana, a 250 net megawatt (MW) concentrating solar power (CSP) plant in Arizona. “After years [...]

Next Page »