23 Jan 2012
Smart grid venture capital funding plunged in 2011; Duke-Progress merger delayed and ABB Nissan testing new use for old Leaf batteries.
Smart Grid News: Smart Grid Venture Funding Plunges
Mercom Capital Group released its annual report on merger and acquisition and funding activity for 2011. Jesse Berst of Smart Grid News reports on the dramatic decrease in venture capital (VC) funding in 2011. ...
04 Apr 2012
Australia’s Silex Systems started generating at its unique concentrating photovoltaic (CPV) solar power station. The first of its kind in the country, the technology deployed is said to achieve 40% more efficiency than comparable solar systems around the world.
What happened
Giles Parkinson at Renew Economy reported that Silex Systems has begun generating at its unique CPV solar power station in Bridgewater, Victoria. This 500KW pilot serves as a testing facility while the company waits for its 2MW demonstration plant in Mildura, Victoria to come online in 2015.
Silex received an offer of AUD$2m (US$2.07m) from the Australian Solar Institute, says Nilima Choudhury at PV Tech. The investment aims to develop technology to reduce the production costs...
28 Mar 2012
Independent Power Producers (IPP) second bid focuses on job creation in South Africa... Kamstrup’s AMI solution in South Africa...South African I-WEC completes first prototype turbine blade...Kenya and Ethiopia sign power agreement
Engerati: South Africa’s IPP program focuses on jobs
Denise Philip, of Engerati, reports that South Africa’s second roundof renewable energy bids closed with 79 applications. According to Standard Bank head of power finance, Alastair Campbell, the second of five bids, proved more competitive than the first,and saw bidders “aggressive” in their bid prices.
The second bid focused on job creation and the use of local skills. The government intends to “spur...
03 Feb 2012
Australian Flagship Ventures closes venture capital fund US$20m over target; Australia’s shale gas industry is a decade behind the times and massive infrastructural plans to support coal exports to Asia.
SustainableBusiness.com: Australia Seeds Largest Renewable Energy Fund, Flagship Raises VC (venture capital) Fund
As published on SustainableBusiness.com, Australia’s Flagship Ventures closed its latest fund at US$270m. This exceeded its initial target of US$250m.
The fund will invest mainly in clean tech/sustainability and healthcare early-stage companies. Some of the cleantech companies are:
· Joule (pioneering the production of liquid fuel...
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