Green

On the GreenBeat: BrightSource raises $1.75 million, Germany to keep cutting solar subsidies

Here’s the latest action we’re following on the GreenBeat today:

BrightSource Energy raises $1.75 million — According to an SEC filing, the solar thermal power company, which is a rumored IPO candidate this year, has raised a small round of cash. The money appears to have been raised from BrightSource’s executive officers and directors. Its technology uses mirrors to concentrate sunlight on a tower, using the heat to generate steam to turn electrical turbines. BrightSource recently broke ground on its 392-megawatt Ivanpah plant in the Mojave Desert.

Germany will keep reducing solar subsidies – The country, whose generous subsidies allowed it to make up about half of last year’s solar PV demand, has created some trepidation in the market with its plans to cut back. Reuters reports Germany will, as scheduled, reduce its solar power feed-in tariffs by up to 12 percentage points by July 1.

KLD Energy closes on $2 million of a planned $10 million round – The company is focusing on the Chinese market and electric scooters; KLD makes an electric drive system for two and three-wheeled vehicles, Earth2Tech reports. The company’s CTO was the former science director for Tesla.

Intematix launches new LED tech, shoots for IPO – The company announced today a new line of blue-to-white-light converting phosphor composites that are separated from the blue LED energy source, marking a break from conventional LED manufacturing. Intematix says its new ChromaLit line (pictured) can simplify manufacturing for LEDs and stabilize LED performance over a lifetime. The company is also considering a public offering in the next 12 months, Greentech Media reports.

Power Assure and Packet Power team up for greener servers – The two companies have developed a wireless power monitoring system to allow data center managers to monitor and adjust power use. It’s a combination of Packet Power’s wireless monitoring devices with Power Assure’s software, and marks the latest offering in the hot green data center market that incorporates wireless sensors.

Toyota is developing an induction motor without using rare earth minerals — The move shows the automaker is developing a contingency plan should the current shortage of rare earth minerals continue. It also suggests that Toyota is bearish on the prospect of China easing its export restrictions in the future.

China overtakes U.S. as largest wind energy producer — That’s according to new figures from China, New Energy World Network writes. But shares of Chinese wind companies haven’t seen much of a boost by the news. Chinese wind company Sinovel aims to beat number-one Vestas (of Denmark) by 2015.