Funds blow in for Mariah’s residential wind turbine
Mariah Power, manufacturer of the relatively compact Windspire energy system, has closed the first half of an undisclosed second round of financing (PDF) that it will use to purchase a $2 million share in a Michigan manufacturing plant. The plant prompted a five-year partnership with MasTech Manufacturing, which has already kicked in $1.4 million toward the facility.
MasTech will also manage mass distribution of the Windspire, a 30-foot-tall propellerless turbine capable of generating 25 percent of… Continue Reading
HelioVolt raises $101M — biggest solar investment yet?
HelioVolt, one of about ten companies racing to produce solar power cells based new cheaper material than traditional silicon, has raised $24 million more in financing for a its second round.
This brings the Austin, Texas’ company’s total second round to a huge $101 million, making it the largest clean-tech venture capital financing on record — or at least that we’re aware of. The company raised $77 million in August.
The funding comes at a time when… Continue Reading