There simply couldn’t be a better time to talk about how renewable energy is financed, and how changes in financing are affecting the entirety of a market that has matured at a rapid pace.
As bankers, project developers, analysts and regulators gather for another year at the Renewable Energy Finance Forum – Wall Street, they will be standing before that overused but apt metaphor: A crossroads. Keep reading →
An 11th hour withdrawal from a long-anticipated initial public offering could be a potentially damaging blow for a cleantech startup trying to raise additional capital from the public markets.
But BrightSource, the concentrating solar power startup with 9 GW of projects in the pipeline, has not ruled out another attempt at a public launch. Keep reading →
The IFC Approach to Clean Energy: http://on.ifc.org/HDSIMC IFC_org
Energy storage technologies – notorious for falling into the infamous financing “valley of death” – are set to get a stronger bridge across the abyss from lab to market in California.
CalCharge, a consortium based in San Francisco’s Bay Area, launched May 29. Keep reading →
What trading technology used to look like at the Hong Kong Stock Exchange in 1986.
Energy trading has long been divided between the headline prices everyone can see on the news and the much longer list of prices that exist in the traditionally more freewheeling over the counter markets. Keep reading →
While the “food versus fuel” debate has grabbed headlines, biofuels technology worldwide has been accelerating down the learning curve and is at a “tipping point” for commercialization. Keep reading →
The future of sustainable clean technology is not in huge, one-size-fits-all technologies but in distributed technologies that people embrace on the local level, said experts at the 4th Annual IFC Cleantech Workshop of the International Finance Corporation, part of The World Bank.
Moreover, the technology advances that will enable more sustainable living are already here or on the way, they said. Now it’s the financial and management systems that need innovation. Keep reading →
Enbridge said it has secured funding for $2.6 billion in additional pipeline projects linking western Canadian oil to eastern markets, while Enbridge Energy Partners said it will spend $360 million to expand its crude-oil mainline system. Enbridge said its Eastern Access expansion projects will include the expansion of its Toledo pipeline, which connects with the Enbridge mainline in Stockbridge, Mich., and serves refineries at Toledo, Ohio, and Detroit, and a rereversal of its Line 9B from Westover, Ontario to Montreal to serve refineries in Quebec. The company previously announced plans for a rereversal of Line 9A from Sarnia, Ontario to Westover.
Swiss-Swedish engineering giant ABB group President and CEO Designate Fred Kindle speaks at a press conference in Bangalore 22 November 2004. Kindle, stating that India was the country with the fastest growing operations within the ABB group, announced that his company, which two years ago opened its first research and development center outside Europe and the United States in Bangalore and currently employs about 100 engineers there, will employ another 500 professionals over the next couple of years. The Bangalore center develops engineering solutions and support automation activities across the ABB group.
International companies continue to invest in the US energy sector, with Swiss-based ABB picking up electrical components firm Thomas & Betts for $3.9 billion today, bringing its total business in North America to a total of $10 billion and keeping it the single largest market in the world for the European company. Keep reading →
Israeli energy management systems company Panoramic Power announced this Monday that its technology was going to market. The company’s self-powered circuit sensor can provide customers with real-time detailed data on an entire building’s energy use through a wireless mesh network.
Among Panoramic Power’s financial backers is Israel Cleantech Ventures (ICV), a five-year old Israeli-based venture capital firm that was founded by three Ivy-League-educated Israeli transplants who moved from the East Coast with vast professional networks in the United States. One of the partners, Jack Levy, met with Breaking Energy in ICV’s offices in the Green Village, a quiet Tel Aviv suburb filled not only with environmental education programs but also with peacocks and chickens that roam the dusty lanes between houses. Keep reading →
