Posts tagged “Green Energy”
Opinion: Yes, I know I am biased and seem like a Tesla "fanboy." This is because I see the future of the automotive industry and a way to reduce our dependence on environment-destroying fossil fuels. Tesla has now proven the viability and superiority of electric vehicles. Along the way, it has had to battle skeptics, short-sellers, and even the press.
Raleigh-based Lookout Capital just bet $8 million of its investors' money on Wright Foods and technology to deliver produce that stays fresh longer. So what factors made Lookout and the fund's backers to place the bet? In an exclusive Q&A, Lookout founder Merrette Moore offers details. he also has advice for entrepreneurs seek to raise money.
Aseptia, which operates as Wright Foods and utilizes patented food processing technology developed at N.C. State, has closed on a third round of financing totaling $28 million. Lookout Capital pours in $8 million.
Raleigh-based Lookout Capital is betting big time that Wright Foods can deliver "green" produce that consumers really want. The firm is investing nearly $8 million in Aseptia, which operates as Wright Foods.
MIT Technology Review is out with it's 50 Smartest Companies list and Cree is the only LED lighting company on it. Read what got Cree on the list and see which other North Carolina entities also made the cut.
North Carolina solar industry jobs grew 121 percent in 2013, boosting the state into the top 10 among states. Read more about which solar jobs are in demand.
Duke Energy (NYSE:DUK) wants to double its solar footprint in the Carolinas and the utility is now seeking bidders to install new energy capacity to do it. The utility issued a request for proposals for 300 megawatts of new solar energy capacity that would be in service by the end of 2015. Read about the RFPs.
ABB, which maintains operations in Cary and Centennial Campus, reported a decline in profit due to previously announced charges at its Power Systems division and lowered a mid-term sales target because of weak global economic growth.
Joseph DeSimone's UNC lab was researching how to keep marine life from sticking to ship hulls. Read how that work led to a much bigger application: the discovery of a material that could replace a flammable component in batteries.
WRALTechWire exclusive: Four-year-old PoGens has come up with a way for businesses to turn back-up power generators into a new source of revenue. And international giant GE has bought in to the company's technology as an investor. So who are the leaders behind PoGens and what makes their technology so powerful? And what kind of jobs might the company be adding? WRALTechWire Insiders can access the full story.
FLS Energy, which provides a variety of services for building solar power farms, is bringing in $18 million of capital from four investors and has commitments for another $12 million, the firm's CEO says.
North Carolina will focus its business recruiting efforts on 38 industries, including 10 specific clusters, as part of a new economic development plan that a group of business, political and education leaders officially turned into Gov. Pat McCrory Friday.
North Carolina's clean energy industry by the numbers: at least 570 companies employing more than 18,000 workers and generating revenue in 2013 topping $3.5 billion. Learn which sectors generate the most revenue and employ the most people.
Epic Games owed $9.2M; GSK diabetes drug update; Cree LED ups efficiency; ACC Clean Energy Challenge; Netflix stock record; eBay earnings
In our Bulldog blog's technology and life science update: Epic Games wins another $4.5 million in a law suit; GSK diabetes drug advances in EU; Cree breaks efficiency benchmark; ACC Clean Energy Challenge takes entries; Netflix soars to record; eBay earnings increase.
The largest U.S. electric company wants to pay North Carolina shops and homeowners less for solar power they generate by changing a pricing rule that was designed to spur production of the power, a Duke Energy vice president says. Environmentalists and solar related businesses see fallout from decision.
Inside Cree's earnings: CEO touts Durham plant, says consumers are voting on bulb politics with their wallets
Cree Chairman and CEO Chuck Swoboda reported plenty of good news on Tuesday. New LED light bulb sales contributed to a record $415.1 million in revenue in the quarter, a 20 percent increase compared to a year ago. And in a conference call with analysts Swoboda touted Cree's manufacturing plant in Durham as being a key reason the company can help drive down future LED bulb costs. He also stays out of a political dispute about LED vs. traditional bulbs. "Consumers are already speaking," he says.
President Obama's announcement to invest $70 million in federal dollars in research through a consortium of universities and private sector firms led by NCSU delivered a jolt of good news to the Triangle's fast-growing cleantech industry. RTP has become a hub for greener energy research, and the head of the Research Triangle Cleanteach Cluster says the "Next Generation Power Electronics Innovation Institute" could bring more jobs as well as investment to the region.