28 September '10
11:45 AM UTC
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  Cleantech

It Costs Less Than Half The Price of An Urban Road, But Can Shweeb Succeed?

The requisite futuristic image of Shweeb

A kilometer of freshly constructed, two-lane urban road with a bike lane cost about $2.4 million to build.* A kilometer of track for the Shweeb, the human-powered monorail in the sky, costs about $1 million to build, plus it’s a zero emission transportation system that can’t experience traffic jams, except perhaps from earthbound gawkers.

This is the compelling – though wacky – argument that won the Auckland, New Zealand based Shweeb a $1.05 million grant from Google.org on Friday. The search giant’s philanthropic arm gave away $10 million in total to five world changing organizations, chosen from 150,000 competitors, as part of its . Shweeb may have won Google’s heart, but can the company overcome its jokey name and outlandish concept to find success?

Shweeb Managing Director Peter Cossey told G.E.R. that the company plans to use the money for a “tangible showcase system to demonstrate an A-B transit solution that can be used into the future.” Read More »

21 September '10
10:52 AM UTC
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  Cleantech

Smartgrid Developer Nexant Secures $43M Investment

San Francisco-based Nextant, a software developer for the smart grid industry, has closed a $43 million financing led by Oak Investment Partners and Intel Capital. Existing investors, TeleSoft and Beacon, also pitched in. Read More »

17 September '10
11:02 AM UTC
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  Cleantech

NRG Forks Over $350M For Green Mountain Energy

NRG Energy continues to prop-up its diverse green portfolio. Over the past couple of years the New Jersey company has invested in utility-scale solar projects, it bought an offshore wind developer and as of yesterday, it’s the owner of a retailer of clean energy products and service provider.  Read More »

13 September '10
12:43 PM UTC
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  Cleantech

GM Invests in Discreet Michigan Battery Developer

Sakti3, the Ann Arbor, Mich.,-based developer of  high performance lithium batteries for the automobile sector, has received a $4.2 million investment from General Motors Ventures and Itochu Technology Ventures. Read More »

31 August '10
9:36 AM UTC
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  Cleantech

Energy Storage Market to Reach $35 Billion by 2020, Report Says

Energy storage could become a $35 billion business by 2020, bolstered by more wind and solar farms coming online as well as the roll out of  plug-in hybrid and electric vehicles and the deployment of smart grid technology, according to a new report by Pike Research. Read More »

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