Green

On the GreenBeat: Electric car charger Coulomb gets new CEO, Gevo’s biofuels shares rise

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

Gevo shares rise after $107 million biofuels IPO
— Gevo’s shares have climbed about 13 percent today to $16.94 at the time of this posting, up from its initial offering price of $15. The company IPO’d on the Nasdaq at the high end of its range, selling 7.1 million shares at that price. Gevo plans to use the proceeds in part to retrofit an ethanol facility in Minnesota to produce isobutanol, a versatile alcohol compound used in rubber and lubricants. The company is backed by Khosla Ventures and Richard Branson’s Virgin Green Fund.

Charging station startup Coulomb gets new CEO — Electric car charging company Coulomb Technologies announced a new chief executive today, Pasquale Romano. Romano was formerly president and CEO of 2Wire, a home broadband services and hardware provider recently acquired by Pace for $475 million. He will replace CEO and company co-founder Richard Lowenthal, who will move into the new position of Chief Technical Officer.

Waste Management and Genomatica ink chemicals deal — The two companies announced a strategic joint agreement to research the production of chemicals from “syngas” (synthetic gas) made from municipal waste. Genomatica will create specially-designed organisms and manufacturing proceses to convert the syngas into bio-chemicals. Waste Management is a top waste player that has previously invested in waste-to-biofuels ventures, and the deal with Genomatica could yield uses for syngas produced by the company through landfill gas and other means.

Zero’s new electric motorcycles offer public charging – The electric motorcycle maker will offer a fast-charge option in its 2011 lineup and an optional J1772 accessory that will allow the vehicles to be charged at the same public charging stations electric cars use.

GridPoint to use Solyndra solar panels – Venture-backed Solyndra, which closed its first factory last year, will supply solar modules to GridPoint in a small-scale project in North Texas. GridPoint said it will use the panels in a 582-kilowatt solar panel system for the Lady Bird Johnson Middle School, set to open in 2011 as the largest net-zero energy school in the country.

Yingli nabs Borrego solar deal — Chinese solar manufacturer Yingli Green Energy will supply 20 megawatts of solar modules to San Diego-based Borrego Solar this year. The panels will be used in U.S. commercial solar projects being developed by Borrego.