Posts tagged “Green Energy”
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.
Vaulted into the media spotlight Wednesday when President Obama came for a visit, Vacon talks about its presence in RTP. The company which makes energy-saving drives that control the speed of electrical motors, expects to expand its R&D operations in the Park.
Researchers at UNC-Chapel Hill say they have found a way to turn solar power into a 24-hour-a-day power source by using the sun's energy to separate water molecules and create hydrogen fuel. In making the breakthrough, they received a powerful boost from scientists at N.C. State.
Google was an early investor in Nest Labs, whose thermostat is designed to learn how inhabitants like their homes to be heated and cooled.
As part of WRALTechWire's new Insider interview series, we will be asking entrepreneurs a series of questions designed to help our readers learn more about the person we are profiling as well as their thoughts about entrepreneurship.
WRALTechWire publishes today the third in a new series: Exclusive in-depth interviews with Triangle entrepreneurs, each of which will include multiple parts. Our third package focuses on Rob Cotter, the former automotive industry executive who is setting out to reshape the transportation industry at Durham-based Organic Transit. WRALTechWire Insider columnist and entrepreneur Joe Procopio will be having candid conversations over a beer with our profile subjects throughout 2014. Also included with each package will be a Q&A that goes beyond standard business and video interviews with WRALTechWire Editor Rick Smith. The Q&A and first video interview are also online exclusively for WRALTecdhWire subscribers.
A new report from SolarBuzz, which tracks the global solar power industry, says North Carolina is No. 2 in a fast-growing U.S. market. The state climbed three spots in 2013, driven by what the report calls "strong utility-scale activity."
The ups-and-downs of wind power triggered by the shifts in speed pose a threat to generators in power grids, but an NCSU researcher and a colleague at Johns Hopkins say they have devised a mean to smooth out demands of equipment.
Agilis Energy's analytics software makes enegy efficiency a visual experience. WRALTechWire Insiders can read more about the technology and Agilis's 2014 growth plans in this exclusive interview.
Semprius makes what it says are the most highest efficiency mass-produced solar modules. To boost its efforts the Durham-based firm is raising more capital in a mix of debt, options and warrants.
Itron, an international energy technology firm, that operates in more than 100 countries and has an office in Raleigh, has plans to grow its Triangle presence and affirms that commitment by joining the board of the Research Triangle Cleantech Cluster.
Itron, an international energy technology firm, that operates in more than 100 countries and has an office in Raleigh, commits $75,000 over three years to become a member of the board for the Research Triangle Cleantech Cluster.
The Durham firm focuses on providing "green transportation" through a variety of vehicles powered by biofuels - and plain old people pedal power. The Green Planet organization adds $5,000 to help power Greenway's efforts.
The conventional refrigerator compressor - technology that's noisy, uses lots of electricity and is nearly 100 years old - is being pushed aside by startup Phononic's new heat pump, which harnesses cooling capabilities from semiconductors for use in a modern-day appliance. WRALTechWire has the inside story about this Silicon Valley-backed company launched in North Carolina and is planning to hire more workers.
The new center helps entrepreneurs get new products to market quickly by taking advantage of advisory and testing services offered by the WRC. FokusLabs, using a combination of psychology and technology, developed a wearable device to help support those with autism and attention deficit hyperactivity disorder.
Phononic, a startup focused on semiconductor materials that can turn waste heat into power and others that produce cooling, has closed on $21 million in new venture capital financing.
LED manufacturer Cree is getting a $30 million boost from the federal government in the form of tax credits as part of an Energy Department effort to drive more jobs in "clean energy" manufacturing. The government says the credits will help Cree expand in Durham as well as at a plant in Wisconsin.