Tag Archives: Solar energy

Ground Floor Investment Opportunity on the National Mall

Oh Alberta!

Alberta, Alberta…

Here?s something fun to distract us from the drudgery of legislative wrangling and the death of oil.

GreenTechreports that the 20 teams in the U.S. Department of Energy Solar Decathlon have started building their green homes of the futureon the National Mall. Energy Secretary Steven Chu is talking to the groups today and the homes will be open to the public tomorrow.

These 800-square-foot Frankensteins are all powered by solar energy, but they vary widely in their design. Some are pret-a-porter and can be built with materials from Home Depot, while others are couture models. Continue reading Ground Floor Investment Opportunity on the National Mall

In and around the green

  • Pelosi: energy bill should do it all (The Huffington Post)
  • Senators grill Google, regulators on smart grid rollout (Earth2Tech.com)
  • California dreaming: team Obama may not grant emissions waiver, Granholm says (Environmental Capital via The Wall Street Journal)
  • EDF maps 1,200 companies poised to benefit from climate law (GreenBiz.com)
  • Xcel Energy strikes waste-energy deal with Microgy (Denver Business Journal)
  • Sempra aims for mass-scale solar power (TheStreet.com)
  • 5 huge green-tech projects in the developing world (Wired.com)
  • Chocolate by-product produce sweet, green energy (The Green Blog via The Boston Globe)
  • Montana eyes change in renewable energy standards (Great Falls Tribune)
  • Demo: Tendril releases mobile app for home energy management (VentureBeat.com)

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Coal-fired utility signs utility-scale, 500 MW solar deal

Image representing eSolar as depicted in Crunc...
Image via CrunchBase

NRG Energy, one of the country’s largest coal users,  signed a deal on Monday with eSolar to develop solar power plants in California and the Southwest.

As part of the agreement Princeton, N.J.-based, NRG  will invest $10 million in eSolar for the right to use the startup’s technology to develop and operate three solar power projects that combined are set to generate 500 megawatts of clean electricity.

Citing a Fortune Magazine article, Green Wombat writes that NRG ranks as one of the nation’s dirtiest utilities, emitting 70 million tons of CO2  annually from its coal-fired power plants.

In the past year eSolar, founded by Idealab’s Bill Gross, has scored a $130m financing from Google and inked a 20-year power purchase agreement with Southern California Edison (SoCalEd) for 245 MW of green electricity annually.

Earlier this month another Google-backed developer, BrightSource Energy, signed a  20-year purchase agreement with SoCalEd for 1,300 MW of clean electricity to be generated by seven, yet to be constructed, power plants.

“By coupling NRG’s construction capabilities and regional operating expertise with eSolar’s innovative CSP technology, we can advance NRG’s renewable energy portfolio while helping to accelerate development of these important projects on a commercial scale,” said NRG executive Michael Liebelson in a statement.

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In and around the green

  • Delaware off shore wind project faces uncertain future as backer folds
  • Sunnyvale, Calif., developer Sierra Solar set to close $40m series B funding
  • Yingli Green Energy earnings beat forecasts
  • NY developer announces construction of $8m Calif. solar plant
  • Amtech Systems reports Q1 revenues 
  • 10 new biodiesel refineries to be built in India
  •  Capstone secures $10m credit facility

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