Posts tagged “Cleantech”
Cree plans to split into two companies, disclosing plans Monday to spin off its profitable power and radio frequency chip business. It already has hired an executive to serve as CEO - Triangle tech veteran Frank Plastina. The move will help current Cree management to focus on its LED business while at the same time generating capital for the power and RF subsidiary, the company says. Wall Street immediately sent Cree shares up 4 percent.
Cree could very well cash in on the proposed spin-off of its Power and RF (radio frequency) businesses. While the group makes up only 6 percent of Cree's annual revenues, its products have a high gross profit margin. And Cree's top exec recently predicted continued growth while LEDs face challenges.
The annual "State of the Research Triangle Region" event is coming up on May 21 with a theme of building a "smart" region. What's that mean? WRAL TechWire asked Research Triangle Regional Partnership CEO Charles Hayes to explain.
Opinion: What has been holding solar back so far has ostensibly been the cost of storage, says former Triangle tech entrepreneur-turned-academic Vivek Wadhwa. Technologies such as batteries were prohibitively expensive, large and cumbersome. Residential solar installations needed to feed into the electric grid during the day and to buy back energy during the night. This is a problem that Tesla has just fixed, though, with its Powerwall, a rechargeable lithium-ion battery.
Cree markets the idea that its LEDs have reinvented the light bulb. Now, the Durham-based tech firm says it is setting new standards for office lighting with "WaveMax" LEDS and fixtures.
For the second time in two years, a House committee has turned out the lights on an effort to scale back North Carolina's requirements that utilities use renewable sources to generate a specific portion of the power they provide.
If you were struck by the image of bologna frying on a conventional light bulb but not sizzling when draped over a Cree LED bulb, you weren't alone. After two years of major investing in marketing, Cree's top executive says his company's brand is becoming well known.
Sustainable Industrial Solutions in Durham not only has a new name (ndustrial.io) but also a new investor from Silicon Valley (Bay Grove Capital). So how did the Durham firm that's helping spread the Internet of Things to industry land an investor from the Valley? And are they hiring? You bet.
The Triangle-based Regional Internet of Things, or RIoT, teamed up with the Triangle Cleantech Cluster for an event on IoT trends and opportunities this week. The program demonstrates a growing convergence between industry, corporations and startups, says ExitEvent Editor Laura Baverman.
At a networking event put on by the Research Triangle Cleantech Cluster on Tuesday, several companies discuss how their "Internet of Things" related technology provides a boost to cleantech. Meanwhile, three Wake Tech students win a contest where they demonstrate how to use big data.
Last year, in the Shell Eco-Marathon competition in Houston, a team from Duke University took second place. This year, they hope to better their showing in the global competition where students design, build and test energy-efficient vehicles.
Sidney Hinton, one of the most outspoken CEOs in the Triangle, is in rare form Wednesday as PowerSecure reports its latest financials and looks to the future. "We're in great shape on 2015 and we're working our butts off to make sure that we build a great 2016, then a great 2017 and beyond."
Polypore, a provider of energy storage as well as filtration and separation services, is being sold in deals worth a combined $3.2 billion. 3M is buying Polypore's separation business; once that deal closes Asahi Kasei will acquire the energy storage group.
Sungevity, a California startup co-founded by a UNC-CH graduate, is launching solar services for residential homeowners in partnership with Lowe's. The company is offering solar equipment and related services, including proprietary estimate technology.
The first leases allowing wind turbines offshore of the Carolinas are expected to be let next year although some still worry the massive turbines could harm tourism upon which coastal communities depend.
Cree's complaint that a competitor and its supplier have violated eight of its patents and engaged in unfair trade has won the attention of the U.S. International Trade Commission. The ITC has launched a formal investigation.
Talk is fast and furious that North Carolina is in the running for a major auto production plant. But a new study on the rise of robotics in manufacturing should be a part of the discussion. Is the plant worth the cost?