Green

On the GreenBeat: Oil supply could run out before replacements ready, Solazyme signs JV

Here are the latest stories we’re watching today on the GreenBeat.

Global oil will run out 90 years before replacement technologies are ready given the current pace of research and innovation, according to a new study from the University of California, Davis. The study was based on stock market expectations, or the theory that long-term investors are good predictors of whether new energy technologies will become commonplace.

Energy management company ENXSuite announced an upgrade to its platform and said the company is now managing $1.2 billion in energy at 12,000 sites for major corporations like Northrop Grumman, Morgan Stanley, and Sears. It also recently hired away a top sales executive from competitor Hara.

Volkswagen plans to sell 10,000 electric cars in China between 2014 and 2018 through local ventures with SAIC Motor Corp. and FAW Group Corp., Bloomberg reports.

Bio-oils company Solazyme has signed a nutritional joint venture with global food ingredient supplier Roquette. Together, the two companies will create  microalgae-based healthy food ingredients and oils.

There’s enough consensus among the American public about the benefits of cleantech and green jobs that the Republicans winning the House may not be the end of the world for cleantech, Greentech Media writes.

A social media platform for green entrepreneurs looking for investors, OnGreen, today announced a $1.4 million first round of financing by China Southern Hong Kong Investment, a cleantech investment fund based in Shanghai.

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