The U.S. Department of Energy, or DOE, has awarded $156 million in funding for cutting-edge energy technology projects running the gamut from innovative plant-based fuels to conversion devices aimed at transferring utility-scale solar energy directly to the grid at much higher voltages than is currently possible.
Illinois Governor Pat Quinn (D) has vetoed legislation that would have authorized a multi-billion investment in modernizing Illinois' electric grid while maintaining strict regulatory oversight and consumer protections.
Chicago-based E.ON Climate & Renewables North America, a subsidiary of E.ON AG (Xetra: EOAN) of Germany, one of the world’s largest energy companies, this week announced it ordered 112 of Vestas' V100-1.8 MW turbines for an undisclosed American wind-energy project. The specific model of turbines is designed to provide maximum capture of wind at lower speeds.
Iowa-based biodiesel maker Renewable Energy Group Inc. has filed plans to raise around $100 million in an initial public offering, as the alternative fuel producer seeks to raise the investment capital needed for operations.
Solazyme Inc. (Nasdaq:SYZM), the South San Francisco-based developer of oils and alternative fuels from genetically modified algae, sold more than 11 million shares, raising $198 million in its long-awaited IPO late last week. According to a regulatory filing, Company shares surged 15% in their first day of trading on increasing demand for renewable fuel sources and industrial chemicals.