Primus Power, a provider of low-cost grid-scale energy storage solutions, bagged $20 million for the first close of its Series C round led by South Africa-based Anglo American Platinum Ltd.
Energy
Beijing Automobile signs deal to invest in American new energy firm Atieva
Chinese car manufacturer Beijing Automobile Group signed a deal to purchase 25.02% of the shares of Mountain View, US-based new energy firm Atieva for an undisclosed amount, and is later expected to launch a high-end electric vehicle.
Small Scottish island wants to be world's first 100% renewable energy place
Eigg, a small island which is part of Scotland's Hebrides archipelago, wants to be the world's first 100% renewable energy place by replacing current diesel generators with a network of wind turbines, hydroelectric plants, and solar panels as sources of electricity.
World's biggest solar thermal power plant opens in the Mojave Desert
Ivanpah Solar Electric Generating System, the biggest solar thermal power plant in the world, opened in the Mojave Desert on Thursday with the help of the technology provided by BrightSource Energy and the $1.6 billion loan guarantee from the Department of Energy.
Colorado-based Ascent Solar Technologies Inc receives additional $5M from Ironridge Technology Co
Ascent Solar Technologies Inc has obtained the second $5 million investment from Ironridge Technology Co to complete the second closing of the Series B preferred stock purchase agreement with the division of Ironridge Global IV Ltd.
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Saudi Arabia-based development and investment firm Technology Development & Investment Co (TAQNIA) picked up a 50% stake in Sun & Life, the solar energy unit of power and water company Acwa.
Joaquin Almunia, the Competition Commissioner of the EU, still has to make a decision on allegations that Google abused its market dominance and the price discrimination claims made of Russia's Gazprom before his term ends, Reuters reported.
Charlottesville, Virginia-based wind power developer Apex Clean Energy Inc raised around $4.4 million in the latest stage of its $25-million equity funding round which started last year.
Germany-based car maker Audi is investing in Paris, France-based bio gasoline startup Global Bioenergies, which makes cheap gasoline from sugar, as part of an effort to decrease greenhouse gas emissions amid stricter regulations.
Hugh MacKay, the chief executive of UK-based hydrocarbons exploration and production firm Europa Oil & Gas, now holds a 0.88% stake in the company after it held an open offer for 19.3 million shares.
Chairman Jifan Gao of Trina Solar Ltd said that there will be an acceleration in the rate of consolidations in the solar manufacturing industry in the next three years, Bloomberg reported.
Kotak Private Equity is purchasing a 19% stake in offshore logistics support services firm Samson Maritime from IFC and JM Financial for Rs 150 crore, sources told The Economic Times.
Marc Lipschultz, the head of global investment firm KKR & Co's Energy and Infrastructure unit, has resigned from the board of Energy Future Holdings Corp, Bloomberg reported.
Mercom Capital Group data revealed that venture capital funding for firms in the wind energy industry increased 44.4% to 455 million around the world last year, the Business Started reported.
