Posts tagged “Cleantech”
Critics of solar are trying to rein in the industry by rewriting state laws, and the head of the state Department of Environmental Quality is leading the charge, pushing the state Energy Policy Council to recommend some major changes.
Despite the expiration of North Carolina's renewable energy tax credit last year, the clean energy industry in the state experienced tremendous growth, with double-digit gains over 2014 in both jobs and revenue.
Unlike many shares, stock in Cree has shown an improvement so far in 2016. Cree shares are up nearly 4 percent, a better-than-expected earnings report earlier this week contributing to the surge. In talking about the earnings and Cree's commitment to new lighting technology, Cree Chair and CEO Chuck Swoboda gave what has proved to be a successful pep talk to investors.
Shares in Durham-based Cree jumped more than 5 percent in after-hours trading Tuesday after the semiconductor and lighting technology firm reported earnings that beat Street expectations. However, Cree is delaying the spin-off of its Wolfspeed group.
The Hamner Institutes for Health Sciences, which sold its RTP property to Alexandria Real Estate Equities for $20 million, has shut down. A Durham firm has purchased some of its assets and hired personnel that were part of the Institute for Chemical Safety Sciences.
Two former U.S. Marines and Iraqi war veterans have unraveled the Gordian knot for venture capital fund raising in North Carolina. A task that many firms find impossible or exceedingly difficult has proved to be wonderfully successful since launching in 2013. It's just raised a seventh fund.
BioMason, an award-winning startup for its sustainable building materials technology, is now reaping investors and venture capital along with cash awards. The RTP-based firm is raising a $3 million round, and so far three investors have agreed to terms.
Padmasree Warrior, the former chief technology leader at Cisco who lost out to Chuck Robbins in the battle to replace John Chambers as CEO, is now taking on Tesla. Warrior is taking over as the CEO of U.S. operations for Chinese electric vehicle startup NextEV.
On Tuesday, economic development group NC IDEA picked six recipients to share among $300,000 in its latest round of non-dilutive grants for startups. Here's a profile of SeaChange as reported by ExitEvent Editor Laura Baverman.
Analysis: Peder Holk Nielsen, chief executive officer of Novozymes, which maintains a huge operation in Franklinton, N.C. and produces enzymes used in the creation of biofuels, says the international climate change deal struck in Paris "sends a very strong signal" that low-carbon technologies will advance. He sees a "low-carbon future."
GSK's $440M antibody deal; INC shareholders sell; Bioventus, PowerSecure make buys; Dara BioSciences merger advances
In today's wrapup of technology and life science news: GSK strikes investment deal for antibodies; INC's big shareholders sell; Bioventus and PowerSecure make acquisitions; and Dara Biosciences moves ahead with merger.
Semprius Inc., a Durham-based solar-module manufacturer, raised $995,238 of a $2 million debt offering, according to a regulatory filing. The company's technology lets it create the world's smallest solar cells to deliver a uniquely high concentration of the cells, which are about the size of a pencil point, to achieve cost and performance advantages.
NC IDEA has selected 22 semi-finalists from across the state in its 20th grant cycle to-date. These semi-finalists were chosen from the 130 applications received from NC-based startups focused on software, IP-based technologies, consumer products and medical device and diagnostics.
MMA Energy Capital has closed a $55 million financing facility with Coenergy through its joint venture with Fundamental Advisors to be used for the construction of its 36 megawatt North Carolina solar portfolio.
As North Carolina cuts back on supporting solar energy in its latest budget, the state becomes the fourth to pass 1 gigawatt of power generated by solar energy, according to a report from the North Carolina Sustainable Energy Association.
Atlantic Coast Pipeline has formally applied to the Federal Energy Regulatory Commission for permission to build a 564-mile interstate natural gas transmission pipeline. Duke Energy and Piedmont Natural Gas are among the four companies that will build and own the pipeline research says would save energy costs and create jobs.
The North Carolina legislature has passed a $21.74 billion budget Gov. Pat McCrory says he will sign it today (Friday). The 429-page billl reduces personal income tax rates, fails to renew the 35 percent renewable energy tax break, and continues funding the NC Biotechnology Center at $13.6 million, despite being targeted for a cut earlier, and creates a "venture capital multiplier fund."