Step aside “Cash for Clunkers,” and make way for “Cash for Caulkers.” The White House is reportedly considering rolling out a two-year, $23 billion program to encourage homeowners to undertake weatherization projects such as adding air sealing, insulation and energy-saving light bulbs. The program would be called Home Star -– playing off the name Energy Star, the Environmental Protection Agency’s widely recognized energy efficiency program. The New York Times, in a story published last night, reported Rahm Emanuel, President Obama’s chief of staff, as saying that it’s one of the “top things he’s looking at.”
By Justin Moresco, Wednesday, November 18, 2009 09:58 PST
The co-founders of Aptera Motors, Steve Fambro and Chris Anthony, did not leave the three-wheeled electric car startup by choice, according to a report this morning over at Wired’s Autopia. Rather, unnamed sources tell the blog that Fambro and Anthony were pushed out in “a boardroom confrontation between the original founders and the auto industry veterans” brought onto the Aptera executive team last year.
By Josie Garthwaite, Monday, November 16, 2009 10:00 PST
Data center managers aren’t the only ones suddenly charmed by solid-state drives (SSDs) for computing storage needs. A growing number of VCs are also warming to the green, high-performance potential of the storage technology (GigaOM Pro Research, subscription required).
By Pedro Hernandez, Saturday, November 14, 2009 06:00 PST
People Power, the latest Silicon Valley venture focused on the home energy management space, will officially launch today, hoping its consumer-friendly product design and open-source home area network platform will make it stand out in an increasingly crowded industry. The Palo Alto, Calif.-based startup has raised an undisclosed amount in its first venture round from New Cycle Capital and several angel investors to support the commercialization of the company’s product launch. “We think we can build something that is significantly better than what we’ve seen on the market so far,” founder and CEO Gene Wang told us.
By Justin Moresco, Monday, November 9, 2009 00:00 PST
RecycleBank, which partners with cities to provide incentives for residential recycling, has just put another $28.25 million in the bank, according to a filing with the SEC. Separately this morning, the company announced a new partnership with Kashless.org, the re-commerce company founded by former Imperium Renewables CEO and serial entrepreneur Martin Tobias.
By Josie Garthwaite, Tuesday, November 3, 2009 09:41 PST
As utilities start to build large solar projects and solar power makes up an increasingly larger portion of the electricity mix, integrating this energy into the grid will be a challenge. Solar, like wind, is intermittent — power from the sun fluctuates when clouds pass overhead and wind doesn’t blow consistently. Now General Electric, which has been a major player in helping to integrate wind into the world’s power grids, wants to do the same for solar.
By Jennifer Kho, Friday, October 30, 2009 14:55 PST
The Department of Energy this week announced the first round of grants under its Advanced Research Projects Agency-Energy (ARPA-E) program, which was created to back risky but potentially breakthrough technologies. Out of the 37 projects awarded grants, three are focused on improving building energy efficiency and could help spur what Secretary of Energy Steven Chu hopes will be “the next Industrial Revolution in clean energy technologies.”…
By Justin Moresco, Friday, October 30, 2009 00:01 PST
Of the $151 million in grants announced this week under ARPA-E (Advanced Research Projects Agency-Energy), the Department of Energy’s highly competitive program for high-risk, early-stage energy technologies, more than a fifth — some $33 million — has been allocated for green vehicle projects. Since the program is meant to support work on tech that other investors consider too risky, each of the projects — from boosting the fuel economy of gas-powered cars to replacing lithium-ion batteries as the technology of choice for electric vehicles — represent something of a gamble. So when it comes to choosing ideas for transforming the auto industry and cleaning up transportation, how wisely is the DOE placing its chips?
By Josie Garthwaite, Wednesday, October 28, 2009 09:00 PST
What can software do for hybrid fuel economy? Ford Motor and researchers at the University of Michigan plan to find out in a new project meant to speed development of more fuel-efficient hybrid systems. According to an announcement from Ford yesterday, the pair will run up to 175,000 computer design simulations of hybrid control systems, with the goal of eventually developing a software system that would allow drivers to select from several performance settings based on fuel efficiency and other driving preferences.
By Josie Garthwaite, Thursday, October 22, 2009 12:27 PST
Apple’s iPhone has apps for Car 2.0, for home energy management and for fuel efficiency. Now here’s one for clean power that I wasn’t expecting to see: a wind speed tester courtesy of small wind turbine maker Mariah Power. Todd Woody profiles the app in the New York Times’ Green Inc. blog this morning, and says the application uses the iPhone’s microphone to capture the sound of the wind and then utilizes an algorithm to tune out the surrounding noise and calculate the wind decibel speed.
By Katie Fehrenbacher, Thursday, October 22, 2009 08:44 PST
We don’t usually see recycling as much of a money saver for big ticket consumer electronics. Some electronics makers still charge a premium for devices that count ease of recycling among their green credentials, and some companies charge to reclaim their equipment for recycling. (For example, I’d have to pay $30 for Apple to take back my laptop for recycling unless I buy a new Mac to replace it). But for plug-in cars — overgrown consumer electronics in many ways — recycling the battery could be one of the keys to reducing cost.
By Josie Garthwaite, Wednesday, October 21, 2009 05:00 PST
Hundreds of bills escaped California Gov. Arnold Schwarzenegger’s veto power last night ahead of a midnight deadline to act on a mountain of legislation — but not a pair of long-debated clean energy bills. As expected, the governor killed two items, which would have required utilities in California to get at least a third of their energy from renewable sources by 2020, but with limits for how much of that goal they could meet with power generated out of state (at an Arizona solar farm, for example).
By Josie Garthwaite, Monday, October 12, 2009 08:57 PST
If it seems like it’s been twice as hard to raise money for renewable projects this year compared with 2007, that’s because it has been. At the Renewable Energy Finance Forum in San Francisco on Tuesday, John Eber, managing director at investment bank JP Morgan, said tax-equity financing for renewable energy is expected to total $2.5-$2.6 billion this year, down from $3.6 billion last year and $6 billion in 2007. Tax-equity financing is based on the exchange of tax credits, so it’s no wonder it has plummeted in a market where profits — and therefore taxes high enough to make use of tax credits for renewable-energy projects — are harder to come by.
By Jennifer Kho, Wednesday, September 30, 2009 00:00 PST
In the rush to grow energy crops for producing alternative fuels, jatropha has often been heralded as the most promising because it can be grown on marginal land. But so far jatropha hasn’t lived up to the hype — requiring too much water and producing too little yield — prompting some early investors, like oil giant BP, to give up on the crop. But a young Encinitas, Calif.-based startup, SG Biofuels, says the problem with these early efforts was that they put the cart before the horse.
By Justin Moresco, Friday, September 25, 2009 10:00 PST
LS9, a company which is using a genetically modified version of e.coli bacteria to make diesel from biomass, on Thursday announced it has raised $25 million in its third round of funding. Chevron Technology Ventures’ venture capital arm, CTTV Investments, participated in the round, making this the latest biofuel project from the big oil company. In 2008, Chevron announced a development deal with algae-based fuel company Solazyme, and has been working on a cellulosic ethanol joint venture, called Catchlight Energy, with forest-product company Weyerhaeuser.
By Jennifer Kho, Thursday, September 24, 2009 11:22 PST
Canadian electric vehicle maker Zenn Motors has been stating its grand vision for a while: to supply a range of automakers and grid operators with energy storage technology created with partner EEStor. That’s what Zenn CEO Ian Clifford told us at the Fortune Brainstorm Green conference earlier this year. But this week, Clifford seems to have accelerated those plans and told Reuters and GM-Volt that Zenn no longer plans to sell its own higher-speed electric vehicle (the cityZENN car), and will also “shift focus away” from the low-speed electric it currently sells.
By Katie Fehrenbacher, Wednesday, September 23, 2009 10:47 PST
It’s officially a trend: smart grid companies building or buying software that will manage energy consumption within the home. This morning smart grid networking company Silver Spring Networks announced that it plans to buy Greenbox Technology, a 2-year-old startup founded by the creators of the well-known interactive web technology Flash, which has built software to measure a home’s energy consumption. The companies wouldn’t disclose the price of the acquisition agreement.
By Katie Fehrenbacher, Tuesday, September 22, 2009 08:30 PST
The initial public offering of battery maker A123Systems has been in the works for more than a year, and now that the company has finally set the terms for its offering, it’s carrying the hopes of a lot of startups and investors that it will jumpstart the IPO markets, especially for cleantech companies.
By Josie Garthwaite, Friday, September 18, 2009 11:30 PST
If we learned anything from the construction of the Internet, it’s that the more partners and standardized technology that are involved at the early phases of an infrastructure rollout, the smoother it will go. IBM is trying out that embrace-everyone strategy by launching its SAFE software, and Cisco similarly debuted today an ecosystem for partners to make sure systems are interoperable with its smart grid network using Internet Protocol.
By Katie Fehrenbacher, Thursday, September 17, 2009 07:38 PST
It’s always been hard to explain IBM’s role in the smart grid — the computing company has its hands in dozens of utility smart grid deals by way of software that can act as a facilitator for smart grid buildouts. This morning IBM detailed a bit more about how it’s acting as a sort of glue between utilities and third-party smart grid vendors, with the announcement of new software called “Solution Architecture for Energy and Utilities Framework (SAFE).”…
By Katie Fehrenbacher, Wednesday, September 16, 2009 07:59 PST
One day down, a dozen more to go: At the end of the biennial Frankfurt Motor Show’s opening day, we have a snapshot of how much the auto industry has changed in recent years (to start, only 753 companies showed up this year, compared with more than 1,050 in 2007), and a glimpse of where it’s heading. The last few international auto shows (notably in Detroit and Geneva) have displayed automakers competing to flaunt the greenest, fastest and most futuristic vehicles in their lineups while also trying to appear frugal in a way befitting the gloomy state of their industry and the economy.
By Josie Garthwaite, Wednesday, September 16, 2009 00:00 PST
It might sound familiar: An ambitious startup sets out to build a high-performance electric two-wheel vehicle priced for the niche luxury market, hoping to establish its brand and business as it develops lower-end models for the mass market. Well, that’s the game plan for Mission Motors, which today announced a new speed record for electric motorcycles on the Bonneville Speedway track (150.059 MPH) with a prototype of its 2010 Mission One model.
By Josie Garthwaite, Tuesday, September 15, 2009 05:00 PST
Utilities will have to make a major decision this year about what kind of networks to use for the smart grid, and many are looking to technologies like cellular, WiMAX, RF Mesh and broadband over power lines for their build-outs. But one of the more unique smart grid projects we’ve heard about comes courtesy of a fiber-optic network in the little town of Chattanooga in Tennessee. Municipal utility and communications company EPB is in the process of building out a $200 million fiber network for the city’s residents that will offer Internet, phone, video and — in an unusual twist — smart grid services.
By Katie Fehrenbacher, Monday, September 14, 2009 05:00 PST
Startup Fisker Automotive’s claim on Tuesday that its upcoming plug-in hybrid sports car, the Fisker Karma, will get the equivalent of 67.2 miles per gallon sounds downright modest relative to the triple-digit estimates we’ve been hearing in recent weeks from General Motors (230 MPG for the extended-range electric Chevy Volt) and Nissan (367 MPG for the all-electric LEAF).
By Josie Garthwaite, Wednesday, September 9, 2009 05:00 PST