URL: http://www.canada.com/topics/news/national/story.html?id=2d5a4cb8-bfd4-41bd-9595-a90c78f00675&k=99825 Website: http://www.canada.com/topics/news/national/story.html?id=2d5a4cb8-bfd4-41bd-9595-a90c78f00675&k=99825
URL: http://www.ens-newswire.com/ens/jun2007/2007-06-21-03.asp Website: http://www.ens-newswire.com/ens/jun2007/2007-06-21-03.asp
The U.S. Department of Energy (DOE) announced it will provide nearly $60M to increase the use of solar power. $2.5 million will go to Solar America Cities cooperative agreements, in which thirteen selected cities will receive awards to promote increased use of solar-powered technologies throughout each city; the issuance of a Funding Opportunity Announcement (FOA) for up to $30 million for universities to research near-term improvements in solar products; and the competitive selection of ten cost-shared Photovoltaic (PV) Module Incubator projects that will receive up to $27 million in DOE funding over 18 months. The 2007 Solar America Cities are: Ann Arbor, MI; Austin, TX; Berkeley, CA; Boston, MA; Madison, WI; New Orleans, LA; New York, NY; Pittsburgh, PA; Portland, OR; Salt Lake City, UT; San Diego, CA; San Francisco, CA; and Tucson, AZ. DOE will provide $2.5 million in financial assistance to the 13 competitively selected, cost-shared, two-year projects. DOE will provide hands-on assistance from technical and policy experts to help cities integrate solar technologies into city energy planning, zoning, and facilities; to streamline city-level regulations and practices that affect solar adoption by residents and local businesses; and to promote solar technology through outreach, curriculum development, and incentive programs. […]
Google is converting its growing fleet of hybrids into Plug-ins. The vehicles wil be converted by installing Hymotion’s Battery Range Extender Module (BREM), powered with A123Systems’s Nanophosphate(TM) lithium ion batteries. A123Systems developed its proprietary doped Nanophosphate chemistry with the assistance of the Department of Energy FreedomCar program and has received more than $102 million in private investment. “Our automotive class cells are designed to cost-effectively address the specific requirements of automotive manufacturers today, including power and energy density, durability, and safety, that have hindered the development of market-ready PHEVs in the past,” said David Vieau, president and CEO of A123Systems. “Google’s efforts will accelerate progress in the PHEV market and provides us with another way to demonstrate commitment to the future of transportation, prove the efficiency of our cells, and ultimately speed these vehicles to market.” The company’s PHEV optimized M1HD technology offers superior calendar and cycle life at high depth-of-discharge, as well as excellent power density for charge-sustaining operation. Additionally, the cells leverage the company’s existing low-cost, high-volume manufacturing techniques to offer the hybrid and plug-in hybrid vehicle industries a new level of price-performance. Hymotion, recently acquired by A123Systems, is the leading fabricator of aftermarket plug-in hybrid conversions. The […]
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It's under the radar screen, but even the real estate industry is getting much greener, and there are investment vehicles for green investors.
The market is beginning to reward green buildings and sustainable business practices with discounted insurance rates.
URL: http://www.planetark.com/dailynewsstory.cfm/newsid/42726/story.htm Website: http://www.planetark.com/dailynewsstory.cfm/newsid/42726/story.htm
Lehman Brothers’ Private Equity arm has acquired a significant equity stake in Canadian renewable energy developer SkyPower Corp. The investment includes an up-front acquisition payment, commitments to future project financing and other investment opportunities in the renewable energy. A portion of the up-front payment will be used by the Adler Renewable Energy Foundation which is being formed to help place solar and wind on select schools and needy communities in Canada. “We are excited to partner with the SkyPower management team in embracing the dynamic growth opportunities available in wind and solar energy,” said Michael Odrich, global head of Private Equity for Lehman Brothers. “This investment is consistent with our Private Equity strategy of backing premier management teams and underscores the Firm’s commitment to renewable energy.” Since its inception in 2003, SkyPower has focused on developing wind and solar power projects and has focused on a community-based development strategy which aims to include the First Nations of Canada and local municipalities in their renewable energy efforts. The transaction is expected to close in mid June 2007 – specific terms were not disclosed. About SkyPower SkyPower has interests in over 50 wind and solar projects at various stages of development across […]
American Superconductor Corp (Nasdaq: AMSC), a leading grid management and renewables components company, has filed a registration statement with the SEC for a proposed public offering of 4.7 million shares of its common stock. Morgan Stanley will act as bookrunner for the offering. Co-managers of the offering will be Jefferies & Company, Inc. and Needham & Company, LLC. The offering will include an option for the underwriters to purchase up to an additional 705,000 shares to cover over-allotments, if any.
