I am going to start posting numbers based posts regularly on Fridays from now on (as soon as I return from my holidays i.e. from August 26th onwards).
I’d love to hear from people if there is an appetite for these kinds of posts. Feel free to leVe your opinion or suggestions in the comments section below. Thanks.
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EcoSystem Executes Agreement for $76 Million in Equity Financing
EcoSystem Corporation today announced its execution of agreements for the sale of EcoSystem preferred stock and warrants to purchase common stock to five investment funds for $76 million.
Funding under the agreements is expected to occur prior to August 5, 2009 upon the satisfaction by EcoSystem of pre-funding conditions. The funds will be held in a restricted EcoSystem account and will be available for use according to the use of proceeds schedule and other conditions specified in the agreements.
EcoSystem will use the investment proceeds to acquire distressed ethanol production facilities, to acquire other strategically-compatible assets, and to develop and integrate EcoSystem’s Cellulosic Corn™ technologies into EcoSystem’s planned ethanol production facilities.
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Convey Computer secures $24m Series B venture financing for green computers
Green computing company Convey Computer Corporation has closed $24.15m in Series B financing. The round of funding was led by new investor, Braemar Energy Ventures. Series A investors CenterPoint Ventures, Intel Capital, InterWest Partners, Rho Ventures, and Xilinx also participated.
Additionally, the company has announced two new board members in Jiong Ma, PhD, of Braemar Energy Ventures and Joshua Ruch of Rho Ventures.
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San Francisco-based NaturEner USA LLC has closed on a $117.5 million construction loan and a $120 million tax-equity facility arranged by Morgan Stanley for NaturEner’s Glacier II wind farm outside Ethridge, Mont.
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Intel actively looking at more cleantech deals | Small Business | Reuters
Intel Corp’s global investment arm Intel Capital is actively looking at additional investments in cleantech companies and could announce more deals this year, a senior executive said on Wednesday.
“We are actively looking at companies,” said Steve Eichenlaub, head of Intel Capital’s cleantech investments.
“In this environment where a lot of venture capitalists had to pull back, for whatever reason, … we are seeing more companies come our way as our doors are open,” he added.
Intel Capital said earlier on Wednesday that it has invested about $10 million in five cleantech companies, including energy efficiency company CPower and Grid Net, which builds software for smart meters.
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Electric-car maker Coda gains high-powered investors | Green Tech – CNET News
Electric sedan maker Coda Automotive has attracted some well-connected people with its latest round of funding, including former Treasury Secretary and Goldman Sachs CEO Henry Paulson.
The company, which plans to sell an all-electric sedan in California next year, said on Tuesday that it has completed a series B round of $24 million in equity. The money will be used to bring its car to market and fund a joint venture to manufacture the car battery.
The Coda is a highway-capable sedan with a 100-mile range to be made in China.
(Credit: Coda Automotive)Joining Paulson as an investor and President Clinton’s former chief of staff Thomas “Mack” McLarty. Other investors include investment bank Piper Jaffray, energy investor Tom Steyer, former Edison International CEO John Bryson, and company executives
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SunRun Raises $18M for Solar-As-A-Service | Green Business | Reuters
Residential solar company SunRun closed a Series B round of funding for $18 million led by Accel Partners and joined by existing investor, Foundation Capital.
The San Francisco-based company, founded in 2007, said it plans to use the funding to expand into new markets.
SunRun expanded its solar-as-a-service business to Massachusetts and Arizona in early 2009.
SunRun provides turnkey residential solar systems with minimal start-up costs as low as $1,000. Customers do not own the systems, but instead buy the electricity at a fixed rate from SunRun.
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28/07/09 ACCIONA net leaps 343 to 1.198 billion euros in 1H/09
Net financial debt falls 59 per cent to 7.353 billion euros; revenue amounts to 2.931 billion euros and EBITDA comes to 393 million.
ACCIONA closed the first half of 2009 with an attributable net profit of 1.198 billion euros, 343 per cent more than in the same period of 2008. This increase comes mainly as a result of the balance between income and expenses derived from the Endesa operation. Net profit excluding extraordinary items came to 68 million euros, a 45.5 per cent fall on the same period of last year.
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Obama Administration Awards More Than $54M For State Energy Prog
U.S. Department of Energy Secretary Steven Chu recently announced more than $54M in funding from the American Recovery and Reinvestment Act to support energy efficiency and renewable energy projects in Nevada, Rhode Island, Vermont, and Wisconsin. Under DOE’s State Energy Program, states and territories have proposed statewide plans that prioritize energy savings, create or retain jobs, increase the use of renewable energy, and reduce greenhouse gas emissions.
“This funding will provide an important boost for state economies, help to put Americans back to work, and move us toward energy independence,” said Secretary Chu. “It reflects our commitment to support innovative state and local strategies to promote energy efficiency and renewable energy while insisting that taxpayer dollars be spent responsibly.”
These states and territories are receiving 40 percent of their total State Energy Program (SEP) funding authorized under the Recovery Act today. They will now have received 50 percent of their total Recovery Act SEP funding. The initial 10 percent of total funding was previously available to states to support planning activities; the remaining 50 percent of funds will be released once they meet reporting, oversight, and accountability milestones required by the Recovery Act.
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McKinsey: Energy efficiency could save $700 billion | Green Tech – CNET News
Energy efficiency–it’s not just the low-hanging fruit, it’s the fruit that’s lying on the ground, Energy Secretary Steven Chu recently quipped. Now McKinsey has put a number on the potential savings: $1.2 trillion on an investment of $520 billion over 10 years.
The consulting firm on Wednesday released a follow-up report to its often-cited economic analysis for reducing greenhouse gas emissions.
Posted from Diigo. The rest of my favorite links are here.
Thanks for the posts, Green Monk. I now have this blog on my desktop.
I bought ESYM stock today at .004/sh I think after the reverse split it’s going a lot higher over 10 dollars.