LS9 Raises $30 Million to Ready Products for Commercial Production

The press release states, “LS9, Inc. today announced that it has received $30 million in its latest round of funding. BlackRock, a prestigious, global-reaching firm with over $3 trillion in assets under management, led the investment round. All previous investors also participated in the round, including; Flagship Ventures, Khosla Ventures, Lightspeed Venture Partners and CTTV [...]

Elevance Renewable Sciences Raises $100 Million in Series C Financing

According to the  press release, “Elevance Renewable Sciences, Inc. announced today that it has raised $100 million in its Series C financing round. Elevance produces high performance ingredients for use in personal care products, detergents, lubricants and other specialty chemicals and fuel markets from renewable feedstocks. Naxos Capital Partners led the round with additional new [...]

Autos would get up to 62 mpg under U.S. plan

According to Reuters, “Automakers would be required to nearly double fleet efficiency to 62 miles per gallon by 2025 under the most ambitious scenario of a U.S. government outlook on fuel economy and emissions released on Friday. Gasoline and electric hybrid vehicles and electric cars would play a crucial role in meeting the top range [...]

Statoil: renewables must be profitable long-term

According to Reuters, “Statoil said on Monday that renewable energy projects must demonstrate their long-term profitability for the Norwegian company and other oil and gas producers to invest in them. Chief Executive Helge Lund said his company, which has invested in offshore wind and carbon capture storage (CCS) technology in recent years, was committed to [...]

Italy to keep buying excess green certificates

According to Reuters, “The Italian government has agreed to keep the obligation of state-owned GSE to buy outstanding green certificates to support the country’s renewable energy market, bowing to pressure from the green energy industry. A reworked amendment to government measures aimed at cutting the budget deficit says that state energy management agency GSE will [...]

Centrica awarded Round Three offshore wind development zone

According to the Press Release, “Centrica plc, the parent company of British Gas, today welcomed the news that it has been successful in The Crown Estate’s Round Three offshore wind tendering process, having been awarded exclusive rights to develop the Irish Sea zone. The zone, which is located 15 kilometres off the coast of Anglesey, [...]

BLM Concentrating on Renewable Energy Projects That Could Meet Stimulus Funding Deadline

According to the Press Release, “With the December 2010 deadline for obtaining incentive funding under the American Recovery and Reinvestment Act only a year off, Bureau of Land Management (BLM) Director Bob Abbey today reaffirmed the agency’s commitment to helping the nation reach its “green energy future” by guaranteeing full environmental analysis and public review [...]