Here are the top cleantech stories we’re following on the GreenBeat today:
Declining subsidies in top solar markets like Germany are pushing down the stocks of solar companies, Reuters reports, citing Chinese solar firms JA Solar and Solarfun and industry giant First Solar as examples.
Top glass and construction materials manufacturer Saint-Gobain announced it will make an $80 million strategic investment in Sage Electrochromics (pictured), which makes a glass technology that absorbs heat is useful in smart building applications. Sage has previously received $72 million in Department of Energy loan guarantees.
Sponsored by VB
Chevron will buy natural gas producer Atlas Energy for $3.2 billion, the WSJ reports, essentially making a big bet on U.S. natural gas exploration, which has surged recently thanks to the discovery of a massive gas field in the northeast U.S. called the Marcellus Shale.
The American Petroleum Institute filed a lawsuit to challenge the new EPA decision to allow up to 15 percent ethanol in gasoline for cars made in or after 2007, WSJ reports.
Wind turbine and solar panel makers may be forced to merge or be acquired since there appears to be an oversupply in the market, and clean energy stocks lost about $400 billion in value this year, Bloomberg writes.
Battery company A123 posted sharp third-quarter losses, saying electric car-makers are moving more slowly on orders, so an expected increase in sales would be delayed until the second quarter of 2011, Reuters reports.
Tesla announced its third quarter results yesterday, showing that revenues are down 31 percent from a year ago and that the car maker is losing nearly eight times as much money compared to the previous year.