LOS ANGELES (Reuters) – Solar power start-up HelioVolt Corp, which recently put itself up for sale, is in exclusive talks with one potential acquirer, a board director said on Wednesday.
“There are a bunch of people who are interested,” Scott Sandell, a general partner with venture capital firm and HelioVolt investor New Enterprise Associates, said in an interview. “We’re in a period of exclusivity right now with one interested party.”
LOS ANGELES, April 12 (Reuters) – A federal program to
support the development of clean energy technologies escaped
the budget ax this week and the Energy Department wasted no
time announcing major commitments to fund two of the world’s
largest solar projects.
SunPower Corp (SPWRA.O: Quote, Profile, Research, Stock Buzz) received a conditional commitment
on Tuesday for a $1.187 billion loan guarantee from the U.S.
Department of Energy to finance a 250-megawatt photovoltaic
power plant in central California that will generate enough
electricity to power 100,000 homes.
LAGUNA NIGUEL, Calif (Reuters) – Rising gasoline prices are less likely to drive U.S. consumers to quickly embrace hybrid vehicles than was the case a few years ago, a Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) executive said on Wednesday.
“In the past, I would tell you that as fuel prices inched up over $3.50 (a gallon) you saw an increase in hybrid sales,” said Nancy Gioia, director of global electrification for Ford. “Now, this time around, as fuel has inched up over $4, we are seeing modest, very modest tracking of sales at this point.”
LOS ANGELES (Reuters) – Fledgling solar power companies looking to grow beyond their venture capital roots are increasingly catching the eye of deep-pocketed corporate investors.
For many start-ups, rounds of venture or private equity funding are thought of as stepping stones on the way to an initial public offering — the ultimate corporate symbol of having arrived.
VIENNA/LOS ANGELES (Reuters) – California air quality officials said on Friday they saw no elevated radiation levels on the U.S. West Coast from Japan’s nuclear power plant disaster.
“At this point we’re unable to verify if there are any elevated levels,” said Ralph Borrmann, a spokesman for the Bay Area Air Quality Management District in San Francisco. “We’re not seeing it on our live data in California.”
LOS ANGELES (Reuters) – China’s LDK Solar Co Ltd repeated its 2011 revenue outlook, disappointing some investors who had been hoping for more following a stellar earnings report, and sending the company’s shares down 4 percent after hours.
The company also said some customers in Italy were holding back on orders until that nation’s new solar subsidy structure is clarified in the coming weeks.
LOS ANGELES, March 17 (Reuters) – China’s LDK Solar (LDK.N: Quote, Profile, Research, Stock Buzz)
reported quarterly earnings and revenue on Thursday that far
exceeded analysts’ expectations due to demand for solar power
The company has benefited from making the industry’s key
raw material, polysilicon, as well as selling its own modules.
Its products such as wafers and cells are used to build
photovoltaic solar panels that turn sunlight into electricity.
LOS ANGELES/FRANKFURT (Reuters) – Investors who went on this week’s green energy buying binge because of Japan’s nuclear crisis may be in for a painful hangover.
Japan’s race to avert a meltdown at a tsunami-wracked nuclear power plant was viewed as a rallying cry to some supporters of renewable energy, triggering a debate about whether the power source is a safe and viable form of emissions-free energy.
LOS ANGELES (Reuters) – LED industry supplier Rubicon Technology Inc (RBCN.O: Quote, Profile, Research, Stock Buzz) is seeing increased demand from Japanese customers because of supply disruptions after the massive earthquake there, according to its chief executive.
The company’s shares ended 1.4 percent higher, while the broad market fell about 2 percent in reaction to the troubles in Japan.
LOS ANGELES (Reuters) – Utility meter maker Itron Inc does not expect the U.S. government to deploy any more funds to develop the so-called smart grid, Chief Executive Malcolm Unsworth said in an interview.
In the last two years, the $787-billion U.S. economic stimulus package gave a crucial boost to the smart grid, which aims to make the power grid more efficient.