Algal fuel maker Aurora Biofuels takes on $20M
Aurora Biofuels, an Alameda, Calif. startup with plans to produce algal biofuels, has raised a substantial second round of funding to speed development.
Like most of the other algae companies that have publicly announced their plans, Aurora intends to use its oily charges to produce biodiesel, a near-copy of petroleum-based diesel fuel.
However, there are few other details on Aurora. Algae is typically grown in water, but the specifics of what kind of water and whether anything… Continue Reading
Lumenergi takes $7.5M for fluorescent dimmers
Fluorescent lighting is more energy efficient than traditional incandescent bulbs, but there’s one area in which they can’t compare. Unlike a standard light bulb, a fluorescent light can’t easily be dimmed by simply reducing the power to it.
Lumenergi makes “ballasts” for commercial fluorescent lightning, which can dim the lights during the bright portions of the day, saving money. The company has put several years into researching the best way of building fluorescent dimmers, and is… Continue Reading