When Energy Secretary Steven Chu fast-tracked the long-stalled $25 billion dollars in loans and loan guarantees, created as part of the Energy Policy Act of 2005 and appropriated by Congress in 2006, it was a breath of fresh air for the clean power and green transportation sectors. But how long do government-backed loan guarantees actually take to get the wheels turning on helping a company raise funds?
More than a year — at least in the case of cellulosic ethanol startup Range Fuels. In January 2009 the company secured a conditional commitment for an $80 million loan guarantee from the U.S. Department of Agriculture out of the 2008 Farm Bill. And according to an SEC filing this week, Range Fuels has just filed to raise that $80 million in debt financing to build out its first commercial plant in Soperton, Georgia.
Sure, your company’s smart grid tech might be the slickest on the market, but don’t expect that to guarantee success in the industry. According to a report out this morning from Lux Research, which predicts the smart grid market will be a $16 billion opportunity by 2015, getting ahead in the smart grid market is more about
Khosla Ventures-backed
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Individual biofuels — algae fuel, cellulosic ethanol, biodiesel, corn ethanol — have all had their day in the sun over the past few years. Is it time for everyone to cheer for the alternative version of butanol, biobutanol? This morning Mountain View, Calif.-based startup
It looks like, at least for the gubernatorial set, the bloom didn’t fall off the promise of green jobs as the calender year turned over to 2010. This morning dueling press conferences will be held by the governors of California and New Mexico touting how clean power companies can deliver a booming green economy, so-called green-collar jobs and innovation for the states.
