The fate of Fisker Automotive has been hanging for months, but now an offer for the company has been “signed” and is “on the table.”
Electric car manufacturer Tesla’s stock jumped in after-hours trading today after the company announced the first quarterly profit in the its 10-year history and record sales of over half a billion dollars in the first quarter of 2013.
Editor’s Pick “Fisker spent a stunning $900,000 for each vehicle it produced,” PrivCo chief executive Sam Hamadeh told me. “Then they sold them to dealers for an invoice price of just $70,000.”
Hacking into government systems just got a bit harder. TerraEchos, a security company using big data to identify and thwart security threats, announced today that it’s raised $1.55 million in seed funding to be an internet security vigilante.
It’s not the best photo, but it means a lot to the 19 people in it.
The U.S. Department of Energy announced today that it has earmarked $120 million to be divided among about 120 organizations working to weatherize buildings for greater energy efficiency. The grant money will be distributed under the banner of its Weatherization Assistance Program, which has already retrofitted thousands of homes across the country.
Serial entrepreneur Gene Wang started People Power, a maker wireless network devices that monitor energy consumption, because he knows how much energy is wasted by the average household. Thermostats are not set properly, TVs draw power even when they’re off and sprinkler systems operate oblivious to weather patterns.
The Department of Energy said it has started an “Entrepreneur in Residence” to help commercialize alternative energy research projects at the DOE.
The U.S. Department of Energy has awarded $168 million to 13 solar companies, many of them Silicon Valley start-ups, in what is the equivalent of manna falling from heaven for these companies.