Posts Tagged ‘ Department of Energy ’

Efficiency, King of Power

A recent panel discussion with John Doerr (KPCB), Vinod Khosla (Khosla Ventures) and John Holland (Foundation Capital) in the WSJ caught my attention. The lesser known of the three panelists, John Holland, had a quote I felt trumped his two better known colleagues when asked what is “hot” in the CleanTech sector. Mr. Holland:  “We’ve [ READ MORE ]

The time for batteries is now…

Solar and wind energy are both experiencing tremendous growth rates and their investment opportunities are well documented. While much attention and capital is given to the CleanTech sector these days, how do investors know when we have saturated the best opportunities and begun chasing riskier firms? Which parts of the CleanTech sector have room for [ READ MORE ]

AltaRock suspends test project

On 2 Sep 2009, geothermal startup AltaRock Energy said it has suspended drilling at its demonstration project in California due to geologic anomalies. The startup said it encountered a number of physical difficulties at the site while drilling its first well. However, the company said it will keep developing its engineered geothermal systems (EGS) technology [ READ MORE ]

Utility SCE wants A123 Systems to build largest grid storage battery

Southern California Edison (SCE) is seeking a US grant to store wind power in the largest-ever grid storage battery to be built by A123 Systems, Reuters reported on 26 Aug 2009. Utility SCE is requesting $65 million in grants from the US DOE for the pilot storage project ($25 million for this project) and for [ READ MORE ]

The Electric Drive Battery and Component Manufacturing Initiative

“I don’t want to have to import a hybrid car. I want to build a hybrid car here.” – President Obama in Warakusa, Indiana, 5 Aug 2009. On 5 Aug 2009, the Obama administration announced the recipients of the grants for the electric vehicle industry, i.e. the $2.4 billion Electric Drive Battery and Component Manufacturing [ READ MORE ]

US cleantech investments move to smart grid and energy storage

A Reuters article on 18 Aug 2009 wrote that the US greentech sector, which suffered a drop in funding early this year, is seeing renewed interest with venture dollars flowing in once again to promising startups and some companies looking to resurrect public offerings that had been set aside. Investment is seen shifting from capital-intensive [ READ MORE ]

The American Recovery and Reinvestment Act

The American Recovery and Reinvestment Act was recently enacted in Feb 2009. The economic stimulus package is worth about $787 billion; just slightly more than the $700 billion TARP. About $60 billion is dedicated to clean energy investments. To understand what the Obama administration is doing about the energy & environment issues, I looked at [ READ MORE ]

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