Green

On the GreenBeat: MBA Polymers raises $25M, Solar Components gets $2.8M

Here’s the cleantech stories we’re following today on the GreenBeat:

Japanese manufacturer Solar Frontier has signed an agreement to develop IBM-designed thin-film solar cells, CNET reports. The copper, zinc, tin, sulfur and selenium modules have 9.6 percent efficiency — less than other thin-film and silicon photovoltaic options — but are made from more abundant ingredients.Solar Components has raised $2.8 million of an expected $4.9 million in equity. The company makes a portable, waterproof device called Joos (pictured) that can charge phones, cameras or even low-wattage heaters with solar power.

Recycling engineering plastics company MBA Polymers announced it has raised $25 million in an equity funding round co-led by Balderton Capital and Doughty Hanson Technology Ventures.

China wants to put 5 million electric cars on the road by 2020 — that’s a rate of 200,000 cars a year, the China Car Times reports. HSBC estimates that to be 35 percent of all electric cars around the world, Fortune writes. The government has put $17 billion into developing charging station infrastructure and offering incentives for electric car buyers.

Envision has reached an agreement with GM to install its solar car charging “trees” at GM dealerships selling the Chevrolet Volt, the Los Angeles Times reports.

PowerSecure announced $18 million in new projects it has been awarded, $14 million of which is in projects for IDG Systems. The company makes smart grid and energy infrastructure solutions for utilities.

Constellation Energy announced it will deploy a new 5.2-megawatt solar photovoltaic power system to serve a company facility in West Deptford, New Jersey. SunPower will supply the panels as well as design and build a system. Constellation Energy will finance, own, operate and maintain the system, and chemicals company Johnson Matthey will purchase electricity produced by the installation under a 20-year power purchase agreement.

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