9 March '10
2:34 PM EST
No Comments
Funding
Policy

Reblog: The US Is In Danger Of Losing The Clean Tech Race, Says Energy Secretary Chu

– By Mark Boslet, co-editor, TechPulse360

American prosperity is at stake, said Energy Secretary Steven Chu.

The United States risks losing the race to a clean-tech economy if it fails to get serious about global warming, Energy Department Secretary Steven Chu said Monday.

Taking five years or longer to pass energy legislation will limit the nation’s ability to be a leader in the green-energy technologies of tomorrow, Chu said during an address at Stanford University.

American prosperity is at stake, said Energy Secretary Steven Chu.

“I think we will lose (and) end up purchasing equipment from abroad,” he said. “The future prosperity of the United States is at risk.” Read More »

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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 »

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2 March '10
10:14 AM EST
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Cleantech
Funding
Policy

Energy Secretary Steven Chu Announces $100M For “Innovative” Energy Research

Energy Secretary Steven Chu says the DOE’s Advanced Research Projects Agency-Energy (ARPA-E) will invest $100 million in stimulus money to support renewable energy projects. Read More »

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27 February '10
9:35 AM EST
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Biofuel
Cleantech
Funding
Policy
Solar

This Week In Green Energy: Where’s The Money? …In Washington!

Capitol Building -- Washington DC

For cleantech companies Washington has become a crucial financial partner.

In the post-Lehman/global financial meltdown era it’s been repeatedly said that the money power has left Wall Street for the shores of the Potomac in Washington.

This is not just a talking point, but a stark reality for whole industries — the renewable energy sector among them– which have come to rely on Washington for their mid-to-long-term survival.

The government’s pivotal role as a funder of last and first resort was glaringly apparent this week with the announcement that BrightSource Energy was offered a $1.37 billion loan guarantee (if it meets certain conditions) from the Department of Energy. The BrightSource loan guarantee dwarfs the $535 million thin-film photovoltaic cell maker Solyndra got last year, which, until now, was the largest such loan guarantee. Read More »

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26 February '10
4:16 PM EST
No Comments
Cleantech
Funding

Silver Spring Eyes IPO, Morgan Stanley, Jefferies & Co. Underwriters

Silver Spring, the SmartGrid software developer, which has raised $275 million in venture capital since its 2001 launch, is prepping for a likely Initial Public Offering (IPO). Read More »

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