investment

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.

The United States is poised to make the largest investment ever made in advanced battery technology for electric and hybrid vehicles.

 

Emami Biotech, a subsidiary of Emami Group (BOM:531162), will be launching a massive biofuel project in Ethiopia.

 

Start-up solar company, Solaren has raised $600,000 from investors for its space-based solar power plant.

 

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.

 

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