Nobao Renewable Energy Holdings has secured $25 million USD for the deployment of its geothermal technology.
Nobao, a Chinese company, opened up a venture capital round, and found a willing financier in Tsing Capital. Tsing Capital's money will be used to fund projects which will implement Nobao's geothermal heat pumps.
Start-up solar company, Solaren has raised $600,000 from investors for its space-based solar power plant.
Wind power developer, First Wind has secured $191 million in financing.
Another day, another funding announcement by the U.S. Department of Energy (DOE).
The DOE has announced it will deliver more than $47 million USD in funding for eight smart grid projects. This is another step towards modernizing America's electrical grid--a critical piece for delivering renewable energy to American consumers.
The largest onion processor in the United States, Gills Onions, now employs a biomass-to-energy system which will supply the plant with 40% of its energy needs.