Posts tagged “Cleantech”
Phononic, which aims to be the Intel of refrigerators, has wrapped up a cool financing round of $44.5 million. The firm has been raising money since last year. Who are the investors? A local hospital, for one.
While technological advances and consumer demands accelerate the pace of innovation in electric power generation, distribution and consumption, it is grid integration and public policies that ultimately will determine how rapidly and well those advances are deployed. So concluded thought leaders at the recent Energy Thought Summit. Cyndy Falgout sums up the conference exclusively for WRAL TechWire.
Solar energy advocates urged North Carolina legislators on Thursday to resist pressure from big energy interests and leave in place incentives that have sprouted an industry that employs 3,000 statewide.
The largest solar power plant of its type in the world - once promoted as a turning point in green energy - isn't producing as much energy as planned. One of the reasons is as basic as it gets: The sun isn't shining as much as expected.
Cree on Thursday morning unveiled its latest advance in LED technology, saying it will "reduce system costs" for most lighting applications by 40 percent. The news comes after an earnings report this week led to a hammering of Creek stock with LEDs the big culprit.
Shares in LED manufacturer Cree plunged 10 percent to a 52-week low under $30 after its quarterly earnings report Tuesday. Not even news that Cree plans to introduce a new LED bulb dissuaded investors from dumping shares.
A new report from the Pew Charitable Trusts says North Carolina "has emerged as a clean energy leader" in the southeast. The state ranks third in new renewable energy capacity, third in private investments and eighth in energy- and environment-related jobs, according to Pew, which is issuing the report Thursday at N.C. State. Driving the growth is the state's solar industry.
In the 1980s, leading consultants were skeptical about cellular phones. McKinsey & Company noted that the handsets were heavy, batteries didn't last long, coverage was patchy, and the cost per minute was exorbitant. It predicted that in 20 years the total market size would be about 900,000 units, and advised AT&T to pull out. McKinsey was wrong, of course. There were more than 100 million cellular phones in use 2000; there are billions now. Costs have fallen so far that even the poor -- all over world -- can afford a cellular phone. The experts are saying the same about solar energy now. They are wrong.
A proposal to export twice as much Wyoming wind power to Los Angeles as the amount of electricity generated by the Hoover Dam includes an engineering feat even more massive than that famous structure: Four chambers, each approaching the size of the Empire State Building, would be carved from an underground salt deposit to hold huge volumes of compressed air.
WRAL.com's marketing team win the 'Best Bang for the Buck: Special Event' award from the Raleigh Public Relations Society for WRAL TechWire's "Full Steam Ahead Awards" event last fall.
Duke-American Transmission Co. plans to play a key role in building power lines that would be part of an $8 billion project to bring electricity from a wind farm to an underground storage facility. The power would be used for over 1 million households in California.
North Carolina's solar and renewable power industry is getting a big boost from the federal government. Agriculture Secretary Tom Vilsack discloses support for 39 projects in the state worth more than $55 million during a visit to Bunn today. Meanwhile, President Obama in Washington is unveiling plans to train 50,000 vets for solar jobs.
Duke Energy says it will invest $500 million in multiple projects to expand its solar power capacity in North Carolina. One solar farm in Duplin County will be the largest east of the Mississippi. The state's sustainable energy business association sees the deal as a big boost to N.C.'s solar industry.
Cree reported record income for its last fiscal year on Tuesday and forecast future revenue that didn't quite match analysts' expectations. The news sent Cree shares down in after-hours trading. But in a conference call with analysts, Chief Financial Officer Mike McDevitt dropped a hint that Cree is eyeing another market for growth. So what's Cree thinking?
At $75 million, the 2,000-acre wetlands system in Texas cost far less to build than traditional filtering infrastructure and has piqued the interest of planners from places as far afield as Mexico City and Baghdad
Causam Energy and Power Analytics Corporation, which both have offices in Raleigh, are combining in a deal disclosed Tuesday. The two firms focused on software and solutions for the utilities industry.