Posts tagged “Green Energy”
Wednesday came to a powerful close for employees at PowerSecure in Wake Forest with the news that the power distribution and technology firm had been sold to Southern Company for $31 million. That's double the company's market cap. How did workers find out? A letter from their boss, CEO Sidney Hinton. Read what he had to say.
Southern Company has agreed to buy Wake Forest-based PowerSecure, a provider of power management technology, in a deal worth $431 million. The price is nearly double the smaller company's stock value.
A new suite of smart building services from Cisco includes SmartCast, a system designed to deliver LED lighting in more cost-effective ways and in multiple shades, from Cree. Cree says SmartCast brings the Internet of Things to building lighting systems with "Power over Ethernet."
On Wednesday, Cree disclosed it is a partner with Cisco's new "Digital Ceiling" suite of smart building applications. Cisco says it's taking the Internet of Things to the management of "indoor spaces." Here's insight from Cisco about what the Digital Ceiling is.
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.
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.
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.
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.
Just two weeks after disclosing plans to purchase more renewable power from Duke Energy in North Carolina, technology giant Google on Thursday said it has signed six contracts with power providers that will nearly double its green power efforts to run data centers.
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.