15 March '10
5:19 PM EDT
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  Cleantech
  Funding

Satcon Appoints New CFO, Offers Him $2.33M In Stock Options

Satcon Technology, a manufacturer and supplier of utility-scale power conversion equipment, has appointed Donald Peck  as chief financial officer, effective immediately

Before joining Boston-based Satcon, Peck was chief financial officer and treasurer at Egenera, a data center virtualization company.

As part of his compensation package Peck is getting about  $2.33 million in stock options or about 1 million company shares, the company said in a statement released today shortly after markets closed — see here for the full press release.

13 March '10
7:41 PM EST
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  Cleantech
  Funding
  Policy
  Solar
  Wind

This Week in Green Energy: “America’s Economy Is at Stake!”

Energy Secretary Steven Chu, often described at the “smartest man in the room” in the Obama administration, urged Congress to pass a comprehensive climate and energy bill. Speaking this week at a conference at Stanford University, Chu warned that failure to seriously tackle climate change could limit the nation’s ability to be a leader in the green-energy technologies of tomorrow.

He warned:

The future prosperity of the United States is at risk. I think we will lose (and) end up purchasing equipment from abroad.

Along with an overhaul of the country’s healthcare system, the Obama administration has made clean energy-  and specifically, ensuring that it beats China as the world’s leading green power – one of its top priorities. The country that wins the clean energy race will lead the 21st century, President  Obama often repeats.

But much like the healthcare debate (at least until recently), on the Senate side, the energy and climate change discussion has been paralyzed by ongoing debates about the validity of carbon pricing and yes, (hard to believe) whether human-made climate change is real. The House overcame those divisions this summer, approving its energy and climate change bill in a largely partisan vote. Read More »

9 March '10
8:39 AM EST
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  Cleantech
  Funding

Greentech Capital Launches Private Placement Group

Greentech Capital Advisors, the alternative energy and cleantech-focused investment bank, has hired Deutsche Bank’s Heather Smith as a partner to launch the firm’s private placements group. Read More »

8 March '10
3:13 PM EST
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  Cleantech
  Funding

Exclusive: SAGE Set To Raise $50M To Expand Production of Smart Windows

SAGE Electrochromics, a Minnesota energy efficiency technology company, says it expects to close on at least $50 million in new financing in the next three to four months. Talks with potential funders are ongoing, company Chief Executive Officer John Van Dine tells GER, declining to provide more details. Read More »

7 March '10
4:20 PM EST
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  Cleantech
  Funding
  Policy

This Week In Green Energy: Cap and What…?

It’s got to be cap-and-trade, anything else won’t work. That’s, in essence, what John Rowe, CEO of Chicago-based power company Exelon, told attendees of the MIT Energy Conference on Saturday in Boston.

In a side interview with GER following his prepared remarks, Rowe said that he did not believe alternative proposals, including cap-and-dividend could work. He said that initiative, also dubbed “cap-and-trade light” would only be a halfway house to an eventual cap-and-trade system. Read More »

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