6 August '10
2:46 PM UTC
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The Week In Green Energy

The Week In Green Energy: Regulators Regulate

A wave power company signs an agreement that paves the way for a unique utility-scale project; A developer with plans for a massive solar power plant in the Mojave Desert finally wins over state and federal regulators; A wind developer delays a major offshore wind project because of turmoil at the federal agency regulating it.

These three scenarios — describing major news this week from Ocean Power Technologies, BrightSource Energy and NRG Bluewater Wind, respectively — underscore the important position regulators hold in the renewable energy sector. At a time when the industry is depending on government backing to launch it on a path of sustainable growth, these events underscore the positive — and not so positive — impact regulators have on the renewable energy industry.

Some companies seem to have mastered the regulatory two-step.

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3 August '10
8:32 AM UTC
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  Cleantech

Boston-Power Increases Series E Funding

Boston-Power, the developer of lithium-ion batteries, has added $6 million to its Series E funding, which now totals $66.4 million. Foundation Asset Management (FAM) and Oak Investment Partners, co-led the fifth round of funding. Venrock and Gabriel Venture Partners, both current investors, also participated in the Series E. Read More »

2 July '10
2:52 PM UTC
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Uncategorized

The Week In Green Energy: Government As A Long-Term Investor

With the clock ticking on key stimulus-funded renewable energy programs, green capitalists are concerned. They are pressing Congress and the Obama administration to extend these funding programs, including the very popular 1603 direct cash grants.

Cleantech investors and developers want more than one-time handouts and are asking for long-term government funding.  At stake, they say is the U.S.’s ability to lead the global green economy.

This unabashed call for government money was one of the dominant themes of the (REFF), which recently ended in New York (see here or here for our coverage).  At a time when governments in industrialized economies are curtailing spending — or if they aren’t, are being pressed to do so — this call for more government intervention may seem unlikely to get much response. However, Wall Street’s green capitalist argue that governments have always supported strategic industries — like the oil and gas industry or agriculture – and they say renewable energy is one such industry. As is private capital alone can’t invest the large amounts required for clean energy to start making a serious dent on key emission targets, they add.
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28 June '10
1:19 PM UTC
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  Funding

Boston-Power Secures $60M In Fifth Funding Round

Westborough, Mass.-based Boston-Power, a developer of lithium-ion batteries, announced last Friday it had secured $60 million  as part of a Series E funding co-led by existing investors Foundation Asset Management (FAM) and Oak Investment Partners.
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