San Jose, Calif., solar PV panel maker SunPower filed a 13G and it appears that Fidelity Investments and the firm’s Chairman, Edward Johnson III, control 5,068,929 company shares or 12.059% of SunPower’s Class B Common Stocks.
The SunPower Class B shares are actually controlled by a special purpose company controlled by Fidelity Investments’s parent company FMR LLC. Read More »
Serial entrepreneur Bill Gross recently spoke with Henry Blodget, executive editor of the Business Insider, about one of his renewable energy venture, eSolar, the innovative developer of concentrated solar thermal power technology.
Gross says solar thermal technology is close to becoming price competitive with old, carbon energy. One challenge faced by his industry, he explains, is access to project finance capital. Read More »
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.
The Illinois Finance Authority (IFA), a state-financing agency, is considering providing Chicago-based Invenergy’s 150-megawatt White Oak project with a loan guarantee. The guarantee was internally approved, an industry source tells G.E.R., given certain conditions are met. Read More »
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 »
