Colorado-based Abound Solar— the makers of cadmium telluride (CdTe) thin-film solar modules designed for use in large solar power installations, versus residential or small commercial systems— raised a $110 million equity round, and secured a $400 million loan guarantee from the United States Department of Energy the company announced today.
Federal and equity financing of this magnitude… → Read More
Quick, name one of the best things you can do to save energy at home. If you said “turning off the lights,” you’d be wrong. But you are not alone, most Americans say the same thing. A new survey shows most people have misconceptions about what works best to save energy.
Keeping lights off isn’t a bad idea in itself, but it has significantly less impact than swapping out the bulbs for more… → Read More
Nissan‘s Leaf is almost ready to be picked. The company announced its all-electric car will be available to buy as early as December, but only for those in California, Washington, Oregon, Arizona and Tennessee. Other parts of the country will have to hold their horsepower a little bit longer.
Power Assure, a Santa Clara green IT company, today announced that it scored $11.25 million in series B funding. The round was led by energy efficiency-focused investors Good Energies, and joined by Point Judith Capital and Draper Fisher Jurvetson.
Power Assure’s chief technology officer Clemens Pfeiffer said the company will use this capital to take its technology to a broader market. Its… → Read More
In his weekly address on Saturday, President Obama announced the Department of Energy will loan almost $2 billion to two solar energy companies: Abengoa Solar and Abound Solar Manufacturing. The loans will go towards developing solar energy plants.
With the funding, Abengoa will build a solar plant in Arizona that can power 70,000 homes. When completed in 2013, the plant will be one of the… → Read More