On the GreenBeat: Tessera sells Imperial Valley Solar project, Tesla posts fourth-quarter losses
Here’s the latest action we’re following today on the GreenBeat:
Tesla posts losses for fourth quarter — Electric car company Tesla released its fourth-quarter and 2010 earnings yesterday and said it would be looking to raise another $150 million to develop its all-electric SUV concept the Model X. The company posted $51.4 million in losses last quarter, up from $24.2 million in the fourth quarter of 2009. Revenues increased from $36.3 million for the fourth … Continue Reading
On the GreenBeat: SolarEdge raises $25 million, Solaire secures $111 million for French solar plants
France’s second-largest solar power producer, Solaire, has raised $111.4 million in financing to build three solar plants with 20 megawatts of capacity near the city of Grenoble. The country is one of the fastest-growing markets in Europe, with capacity expected to double this year, driven in part by feed-in tariffs.
Solar inverter maker Power One has acquired Fat Spaniel, which makes remote monitoring software that can be integrated into solar panels to optimize performance. … Continue Reading
In wake of Amyris IPO, projected winners and losers in biofuels
Biofuels company Amyris had its IPO last week, and the results were considered a decent exit for some of its investors (mostly its early-stage ones). But don’t expect that to have any effect on fellow biomaterials IPO hopefuls Gevo and PetroAlgae or to give a lift to the lesser-known and struggling Butalco or Bioalgene.
“I think we’re starting to see the wheat be separated from the chaff in terms of the companies in this space … Continue Reading
On the GreenBeat: AlertMe raises $23 million, Tesla gearing up for Model S in 2012
Energy management firm AlertMe raised $23 million in a second round of funding ahead of planned expansion into the U.S. market. The company has picked up a strategic investor and commercial partner in British Gas, the U.K.’s largest utility, which invested about $9 million for a 15.96 percent stake in the company. The two companies have signed a commercial agreement worth over $32 million that will roll out AlertMe’s products to the utility’s customers – … Continue Reading
On the GreenBeat: First solar projects on federal land, Frito-Lay yanks SunChip bag
The government has approved two solar projects to become the first ever to be built on federal land, both to be erected in the California desert as part of a government fast-track program. Tessera Solar will build a 709-megawatt concentrated solar power project on 6,360 acres in Imperial Valley, to cost $2.1 billion (hundreds of millions of which could be supplied or underwritten by the government). Chevron Energy Solutions’ 45-megawatt system also received approval … Continue Reading
On the GreenBeat: Amyris weathers first day of trading, California to double solar capacity
Biofuels and biomaterials company Amyris’s stock held up in its first day of trading, closing last night at $16.50, up three percent from its opening price of $16. The stock peaked at $17.44, the San Francisco Chronicle writes. The report estimates about 2.4 million shares were traded yesterday. The stock was reportedly priced below range. Earth2Tech deemed the IPO a “decent exit” for investors, estimating the worth of investors stakes: $67 million for Kleiner … Continue Reading
On the GreenBeat: GE puts $28 million in China wind JV, Amyris shares start trading today
GE announced it has formed a joint venture with Chinese company Harbin Power Equipment to service the $13 billion wind industry in China. The country is the world’s biggest market for wind turbine sales, according to the release, and is expected to grow 500 percent from 2009 to 150 gigawatts of installed wind capacity by 2020. China’s electricity demands are growing at 12 percent a year, and the government’s encouraging renewable-energy policies convinced GE to … Continue Reading
Life sciences briefing: Thursday, Jan. 31, 2007
GE announced it has formed a joint venture with Chinese company Harbin Power Equipment to service the $13 billion wind industry in China. The country is the world’s biggest market for wind turbine sales, according to the release, and is expected to grow 500 percent from 2009 to 150 gigawatts of installed wind capacity by 2020. China’s electricity demands are growing at 12 percent a year, and the government’s encouraging renewable-energy policies convinced GE to … Continue Reading
Micell: A materials chameleon tackles drug-coated devices
GE announced it has formed a joint venture with Chinese company Harbin Power Equipment to service the $13 billion wind industry in China. The country is the world’s biggest market for wind turbine sales, according to the release, and is expected to grow 500 percent from 2009 to 150 gigawatts of installed wind capacity by 2020. China’s electricity demands are growing at 12 percent a year, and the government’s encouraging renewable-energy policies convinced GE to … Continue Reading
