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 Transphorm Inc. raised million in its fourth round of financing to fund its high-efficiency power conversion devices from a number of high-profile investors which now include an investment fund managed by Soros Fund Management LLC.Soros’ Quantum Strategic Partners Ltd. joined Kleiner Perkins Caufield & Byers, Google Ventures, Foundation Capital and Lux Capital in the Series D round of financing.
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 Google Inc. has decided to close Google PowerMeter, an electricity-monitoring web service the company said failed to pick up enough users over the last two years. In its official company blog last week, the California-based company said PowerMeter was a “trailblazer”, designed to give household and business access to data about their energy usage over the internet for free. But according to Bill Weihl, Google Green Energy czar, said it “didn’t catch on the way we would have hoped.”
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 The United States Department of Energy awarded .3 million to eight advanced geothermal energy projects all in their feasibility study stages.California projects took more than half of the total allocation, or .605 million. Projects in Connecticut, Louisiana, Texas and Utah were also supported.The financial assistance represents a Phase 1 investment where the chosen projects could conduct feasibility studies for technologies that recover geothermal heat for electricity production. |
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 Bonsucro, a global multi-stakeholder nonprofit organization, launched the world’s first impact-based standard that promotes environmental and social sustainability in sugarcane production by certifying a large producer of sugarcane in Sao Paulo, Brazil.Sugarcane, one of the main crops used for ethanol production along with its other many uses, has a growing demand that conflicts with land use change. Being one of the most water-dependent crops, its production has major impacts on water supply |
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 The United States Department of Energy offered its second conditional loan commitment in a week, this time for a manufacturing center that makes solar wafers 50 percent cheaper. Following a 5 million conditional commitment to Calisolar, Inc. on the same day, secretary Steven Chu announced a 0 million loan guarantee offer to 1366 Technologies, Inc., a Massachusetts-based company, for building the first phase of its multicrystalline wafer manufacturing site.
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 Siemens A.G. now enters the solar photovoltaic market by acquiring a 16.1 percent stake in the United States-based concentrating PV module maker Semprius Inc. The six-year-old Semprius, based in North Carolina, develops high-efficiency concentrating photovoltaic modules. Siemens’ minority stake will be its foray into solar PV as a strategic investor. But the companies did not disclose more details of the deal.
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 KANSAS CITY, Missouri, June 7 (Reuters) – High-tech seeds and innovations in chemicals and farming will not be enough to solve looming food shortages for the world, according to a report issued Tuesday by a committee formed by food and chemicals conglomerate DuPont.Billions of dollars in private investment, government incentives and charitable work must be funneled into collaborative projects if global food production is to match growing demand, the report urged. |
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