Evergreen Solar Inc. Files for Bankruptcy

The Massachusetts company, Evergreen Solar Inc. has filed for bankruptcy.  The company received millions in state subsidies such as a $58 million financial aid package from Governor Deval Patrick’s administration.  The company listed US$ 485.6 million in debt.  The firm failed to rework its debt and cut 800 jobs.  Evergreen was devastated by competition from low-cost producers in [...]

DOE to Invest $50 Million to Advance Domestic Solar Manufacturing Market

The press release states, “U.S. Energy Secretary Steven Chu today announced a $50 million investment over two years for the SUNPATH program, aimed to help the nation reclaim its competitive edge in solar manufacturing. SUNPATH, which stands for Scaling Up Nascent PV At Home, represents the second solar Photovoltaic Manufacturing Initiative (PVMI) supporting the Department [...]

Leyden Energy Receives $20 Million in Series B Financing Led by New Enterprise Associates

According to the press release, “Leyden Energy, Inc., a leading manufacturer of advanced lithium-ion (Li-ion) batteries for the consumer electronics, energy storage and electric vehicle (EV) markets, today announced that it has received $20 million in Series B financing led by New Enterprise Associates (NEA), with participation from existing investors Lightspeed Ventures, Sigma Partners and [...]

Clean Urban Energy Secures $7M Series A from Battery Ventures and Rho Ventures

The press release states, “Clean Urban Energy (CUE), an energy storage and smart grid performance optimization technology provider, today announced that it has secured $7 million in Series A financing. The investment was co-led by Battery Ventures and Rho Ventures, and will be applied to rapid product development and a multi-city expansion within the United [...]

Semprius Secures $20 Million in Funding for Production of Advanced Solar Modules

According to the press release, “Semprius, Inc., a leading innovator in high concentration photovoltaic (HCPV) solar modules, recently secured $20 million in its first tranche of Series C venture fundraising. Siemens Venture Capital led the investment round and was joined by ARCH Venture Partners, Applied Ventures, Illinois VENTURES, Intersouth Partners, In-Q-Tel and GVC Investment. Semprius [...]

DOE Offers Loan Guarantee for $4.5 Bil in Loans for 3 CA Solar Power Plants

According to the press release, “U.S. Energy Secretary Steven Chu today announced offers of conditional commitments for loan guarantees, of approximately $4.5 billion, to support three alternating current Cadmium Telluride (Cd-Te) thin film photovoltaic (PV) solar generation facilities.  The Department is offering a conditional commitment for a $680 million loan guarantee to support the Antelope [...]

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), [...]

Google allocates $280 Mil in Residential Solar Projects

According to the Google Green Blog (official Google Blog), “Imagine sitting on your patio watching the sun’s rays pass overhead, knowing that they power your home with clean energy—at a cost that’s less that what you would have paid using just the grid. That’s what my colleague, engineer Michael Flaster, has been doing at his [...]

First Solar Reaches 4 Gigawatt Manufacturing Milestone

According to the press release, “First Solar, Inc. (Nasdaq: FSLR) today announced that it has manufactured 4 gigawatts (GW) of thin-film photovoltaic solar modules since beginning commercial production in 2002. A 4GW generation capacity is enough solar electricity to power around two million households, displacing more than 2.5 million metric tons of CO2 emissions a [...]

Yingli Green Energy Subsidiary Receives RMB 1.16 Billion Five-Year Bank Loan

The press release states, “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 that Yingli Energy (China) Company Limited (“Yingli China”), a wholly-owned subsidiary [...]

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 [...]

Morgan Solar Closes $16.5 Million in Funding

The press release states, “Morgan Solar Inc. has closed USD $16.5 million in the first tranche of its Series B funding round to ramp up manufacturing and deployment of its Sun Simba concentrated photovoltaic module. The Sun Simba, based on Morgan Solar’s unique, patented Light-guide Solar Optic, is an ultra-thin, lightweight module that is simple [...]

Solazyme and Bunge Sign JDA Partnership for Production of Renewable Triglyceride Oils

The press release states, “Solazyme, Inc., a leading renewable oils and bioproducts company, today announced a two-year joint development agreement (JDA) with Bunge Limited (NYSE: BG) to develop microbe-derived oils utilizing Brazilian sugar cane feedstock. The agreement builds on Bunge’s earlier equity investment in Solazyme, and the letter of intent signed by both firms in [...]

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 [...]

Germany Doubles Electric Vehicle Research and Development Aid

Bloomberg reports, “the German government announced an additional 1 billion euros ($1.4 billion) in research and development aid for electric vehicles, doubling its budget by 2013 in a bid to position itself at the technology’s vanguard. Tax rebates, dedicated parking spots and measures aimed at promoting government use of electric cars are among the other [...]

ABB Acquires Mincom to Expand Enterprise Software Business

The press release states, “ABB, the global power and automation technology group, has agreed to acquire Mincom to broaden its software portfolio and establish the Group as a market leader in enterprise asset management (EAM) software and services. ABB is acquiring the Brisbane, Australia-based company from Francisco Partners, a private equity group that invests in [...]

Exelon Corp and Constellation Energy to Merge

The press release states, “The boards of directors of Exelon Corporation (NYSE: EXC) and Constellation Energy (NYSE: CEG) announced today that they have signed a definitive agreement to combine the two companies in a stock-for-stock transaction. The agreement brings together Exelon’s large, environmentally-advantaged generation fleet and Constellation’s industry-leading customer-facing businesses, creating a platform for growth [...]

Total Takes Controlling Position in SunPower

The press release states, “SunPower and Total today announced that the two companies have entered into a broad strategic relationship to shape the future of the solar industry. Total Group will launch a friendly tender offer through a wholly owned subsidiary for up to 60 percent of SunPower’s outstanding Class A Common shares and 60 [...]

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 [...]

Google Invests in Solar Power Plant Together with Capital Stage AG

According to the press release, “Google is co-operating with Capital Stage AG from Hamburg / Germany on making its first investment in renewable energies in Europe. In this context, Capital Stage is selling 49% of the recently acquired 18.7 MW solar power plant in Brandenburg to Google. Technically, the investment still needs to be ratified [...]

SunPods Inc. Announces the First Pre-packaged Solar Arrays Ready for Global Export

According to the press release, “SunPods Inc., a manufacturer of the first complete, factory-built solar array, announced today that the SunPods Solar Energy Export Kit (SEEK™) is now available to all International Partners. The pre-packaged and containerized solar arrays are designed for shipment to any global destination. SunPods International Agents will assemble the SunPods and [...]

Johnson Controls Announces Agreement to Acquire EnergyConnect

The press release states, “Johnson Controls (NYSE: JCI), the global leader in delivering products, services and solutions that increase energy efficiency in buildings, and EnergyConnect Group, Inc. (OTC Bulletin Board: ECNG), a leading provider of smart grid demand response services and technologies, today announced the signing of a merger agreement under which Johnson Controls would [...]

US DOE Offers Conditional Commitment for a Loan Guarantee to Support Maine Wind Project

According to the press release, “U.S. Energy Secretary Steven Chu today announced the offer of a conditional commitment to Record Hill Wind LLC for a $102 million loan guarantee. The loan guarantee will support the Record Hill wind project, which includes a 50.6 megawatt wind power plant and an eight mile transmission line and associated [...]

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 [...]

Nexterra Closes $15 Mil Financing

According to the press release, “Nexterra Systems Corp., today announced that it has secured $15 million in equity financing from Tandem Expansion Fund and ARC Financial. Proceeds will be used to accelerate the growth of Nexterra’s business. “We believe that the market for small-scale biomass heat and power systems is poised to grow rapidly in [...]

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