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    1. DoE Loan Program Status

      DoE Loan Program Status
      President Obama has made it clear the nation that wins the clean energy race will likely be the nation that leads the global economy. In just over two years, the Department of Energy’s Loan Programs Office has become one of our most significant and most effective tools to meet this challenge and promote America’s leadership in clean energy production and manufacturing. In that time, we have issued loans, loan guarantees, and conditional commitments for loan guarantees to 28 clean energy projects, 16 of which have reached financial close, meaning that they have met all requirements and their full loans are finalized. That equates to over $30 billion in financing for those projects with total project costs of over $47 billion. Project sponsors estimate these 28 projects will create or save over 61,000 jobs, including construction and operating jobs, while also building a foundation for clean energy technology manufacturing here in the United States. read more
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      Mentions: DoE
    2. VCs Prefer Solar, Automotive and Fuel Cells Investments Over Smart Grid

      VCs Prefer Solar, Automotive and Fuel Cells Investments Over Smart Grid
      Venture firms have invested $3 billion in greentech startups in the first four months of 2011. The biggest deals were in solar, automotive and fuel cells. VCs talk a lot about the smart grid but don't pull the trigger on too many deals -- especially when it comes to pure smart grid deals in metering, distribution automation, transmission technology, transformers and the like.
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    3. 24M Technologies Launches Based on Technology from A123 Systems and MIT; Secures $10 Million in Series A Financing

      24M Technologies Launches Based on Technology from A123 Systems and MIT; Secures $10 Million in Series A Financing

      24M Technologies launched today as a new venture focused on commercializing next-generation energy storage systems based on technology out of A123 Systems, a developer and manufacturer of advanced Nanophosphate™ lithium ion batteries and systems, and Massachusetts Institute of Technology (MIT). The company also announced that ARPA-E has awarded a total of $6M to a collaborative effort between 24M, MIT and Rutgers to further develop its technology, on top of previous funding to MIT from DARPA.

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      Mentions: DoE U.S. MIT
    4. IRENA Maps Out Path to Double the Global Share of Renewable Energy

      IRENA Maps Out Path to Double the Global Share of Renewable Energy

      A new report from the International Renewable Energy Agency suggests the global renewable energy share can reach and perhaps even exceed 30 per cent by 2030 at no extra cost. The rest of the power system's resources have traditionally been adjusted around wind to support a reliable and efficient system. The research that led to this report challenges that concept.

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      Mentions: DoE U.S. AWEA
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