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    1. Blue Earth to Invest $10 Million in Battery Producer

      Blue Earth to Invest $10 Million in Battery Producer

      Blue Earth Inc. , a solar-power developer and provider of energy-efficiency services, has agreed to buy a $10 million equity stake in battery maker PowerGenix Systems Inc. with cash and stock. The company is gaining exclusive rights to use PowerGenix’s technology, Henderson, Nevada-based Blue Earth said today in a statement. The companies have worked together for about five years.

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      Mentions: NV PowerGenix NY
    2. Beacon Sees Demand Doubling for Energy-Storage Flywheels

      Beacon Sees Demand Doubling for Energy-Storage Flywheels

      Beacon Power LLC, the energy-storage company that was sold in bankruptcy in 2012, expects to build 40 megawatts of new projects by the end of next year, Chief Executive Officer Barry Brits said in an interview. That’s double the size of the 20-megawatt project flywheel storage system it completed in Hazle, Pennsylvania, last month, he said. The Tyngsboro, Massachusetts-based company may build 100 megawatts in 2016.

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      Mentions: PA DoE U.S.
    3. Samsung SDI-BMW Expand Multi-Billion Euro Car Battery Deal

      Samsung SDI-BMW Expand Multi-Billion Euro Car Battery Deal

      Bayerische Motoren Werke AG (BMW) agreed to spend billions of euros increasing its orders of Samsung SDI Co. batteries as the world’s largest maker of luxury cars expands its line of electric vehicles. BMW is planning to increase its purchases of SDI battery cells for the electric i3 city car and the plug-in hybrid i8 sports car as well as for “additional hybrid models” in the coming years, the Munich-based carmaker said today in a statement. BMW assembles the cells into batteries at a facility in Dingolfing, Germany.

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      Mentions: Samsung SDI Apple
    4. Is Renewable Energy Ready for Takeoff?

      Is Renewable Energy Ready for Takeoff?

      The first thing Dax Kepshire shows a visitor to SustainX is foam. When he flips a switch on a 10-foot-tall assemblage of pneumatic tubes and mesh screens, the machine starts spewing a creamy white goo that resembles soft-serve ice cream into a 300-gallon plastic tub. In a few minutes the foam is 3 feet deep, and Kepshire plunges his hand in. “It’s completely nontoxic,” he says, and derived from an industrial foaming agent found in shampoo and carwash soap. The seven-year-old company is betting the substance can solve the biggest challenge for renewable energy: how to store it.

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      Mentions: Japan PA U.S.
    5. Musk's Battery Plant Boosted as Panasonic Signs Letter of Intent

      Musk's Battery Plant Boosted as Panasonic Signs Letter of Intent

      Elon Musk’s plans for a battery plant so big it will cut the cost of lithium-ion cells for Tesla Motors Inc. electric cars by 30 percent are advancing as Panasonic Corp.  signed a letter of intent to join the project. Musk, Tesla’s chief executive officer and main shareholder, disclosed Panasonic’s growing interest in his “gigafactory” battery plant yesterday in a conference call to discuss first-quarter earnings. The Osaka, Japan-based electronics maker, Tesla’s main supplier of battery cells, expressed hesitancy in March about investing in the factory.

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      Mentions: CA Japan Asia
    6. California Utilities Cleared to Buy Power to Replace Nuclear

      California Utilities Cleared to Buy Power to Replace Nuclear

      Edison International and Sempra Energy  utilities in Southern California were cleared to buy as much as 1,500 megawatts of electricity to replace the power lost when the San Onofre nuclear plant shut in 2012. Sempra’s San Diego Gas & Electric Co. was authorized by the California Public Utilities Commission today to secure 500 to 800 megawatts, with at least 175 coming from “preferred resources” such as solar, wind and energy-efficient sources and 25 from energy storage. Edison’s Southern California Edison in Rosemead was approved for 500 to 700 megawatts, with at least 400 from preferred sources.

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    7. Primus Gets $20 Million in Round Led by Anglo American Platinum

      Primus Gets $20 Million in Round Led by Anglo American Platinum

      Primus Power Corp., an energy-storage company backed by Kleiner Perkins Caufield & Byers, received $20 million in a Series C funding round led by Anglo American Platinum Ltd. (AMS) to commercialize its technology. The funds will be used to expand sales and manufacturing efforts, Hayward, California-based Primus said today in a statement. Anglo American, based in Johannesburg, was joined in the round by existing investors.

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      Mentions: U.S. Primus NY
    8. German Grid Seen Stable Even With Renewables-Only Power Source

      German Grid Seen Stable Even With Renewables-Only Power Source

      Germany’s grid would be stable even if renewables were the only sources of energy, a clean-power group said.  A research project that combined wind, solar and biogas plants into one virtual 80-megawatt power station showed the grid would be able to maintain a constant flow of electricity, the Renewable Energies Agency said today in a statement.

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      Mentions: Japan Germany Siemens
    9. Ener1: Received $120M DoE grant; cedes control to Russian shareholder for $13.5M loan

      Ener1: Received $120M DoE grant; cedes control to Russian shareholder for $13.5M loan
      Ener1 filed for bankruptcy yesterday, and won interim court approval to borrow $13.5M to finance operations during its reorganization. An Ener1 unit received a $118M U.S. Energy Department grant. Bzinfin, a holding and investment company based in Russia, owns about 49 percent of Ener1’s stock and is the largest shareholder. it will receive much of the equity in the company after it emerges from Chapter 11.
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      Mentions: Russia Ener1 NY
    1-24 of 31 1 2 »
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