The Daily Sprout
Solar Subsidy Expiry Fueling Solar Boom: The expiration of the investment tax credit is fueling a record number of solar projects looking to get in before the federal funds are gone. With a last-minute, one-year extension likely, we might see a similar scenario again next year - WSJ’s Environmental Capital.
Athenix Raises $10M for Biofuel Processes: Athenix develops and licenses genes and enzymes that can be used in cellulosic biofuel production and has raised $10 million in “series S” funding from Hunt Ventures, Intersouth Partners and Polaris Venture Partners - PEHub via VentureBeat.
GE Puts $50M into Masdar Cleantech Fund: As part of a multi-billion joint venture with Mubadala, the investment arm of Abu Dhabi’s government, GE is putting $50 million into Masdar’s second cleantech fund and will establish a clean energy technology center in Masdar City - Cleantech Group.
DuPont to Build Cellulosic Ethanol Pilot Plant: DuPont Danisco Cellulosic Ethanol, a joint venture between Dupont and Genecor, is working with the University of Tennessee to build a 25,000 gallon per year pilot-scale biorefinery and R&D facility for cellulosic ethanol in Vonore, Tenn. that is planned to be operable by December 2009 - Green Car Congress.
“How to Fix a Broken Venture Capital Model”: Lux Research president Matthew Nordan has some ideas for investors fretting over a lack of cleantech exits. The answer is time and money - $100+ and over a decade of development. Check the video interview (embedded below) - EETimes.
