DOE

  • D.O.E. Grants $83 Million To Biofuels Startups (Not One Of Them In Silicon Valley)

    D.O.E. Grants $83 Million To Biofuels Startups (Not One Of Them In Silicon Valley)

    Maybe it’s just a biofuels thing this year, but it seems like the feds are giving cleantech grant money to companies and institutions that are based anywhere but in the nation’s capital of venture capital. The U.S. Secretary of Energy Steven Chu announced six recipients of $36 million in total grant funding via the Department of Energy’s Biomass Program on Friday. That… Read More

  • GE Counting On Energy Monitoring And Solar To Cut Home Energy Usage By 70%

    GE Counting On Energy Monitoring And Solar To Cut Home Energy Usage By 70%

    In an effort to push the limits of home energy efficiency, General Electric is partnering with the U.S. Department of Energy on a $5 million project to connect homes in the Western U.S. to its energy management system, LED lights, appliances and solar panels. The purpose of the project is to research home energy efficiency and test new tracking systems. GE thinks participants will be able to… Read More

  • A123 Systems Spinoff 24M Technologies Raises $16 Million

    A123 Systems Spinoff 24M Technologies Raises $16 Million

    Energy storage system producer 24M Technologies spun out of lithium-ion battery maker A123 Systems today to become a separate venture. The company raised a $10 million Series A funding round from Charles River Ventures and North Bridge Venture Partners. Read More

  • Caltech Awarded $122 Million to Create Fuel From Sunlight

    Caltech Awarded $122 Million to Create Fuel From Sunlight

    The U.S. Department of Energy announced today that it will award up to $122 million to create a Fuels form Sunlight Energy Innovation Hub led by the California Institute of Technology. The Hub’s goal is to develop ways to convert solar energy into chemical fuels and scale the technology for commercial use. The project is in part inspired by the way plants produce energy, and will use… Read More