Hug Energy, which had developed an application for computer energy management, is shutting down. CEO Marcus Tallhamn made the announcement in a blog post and an email to users, citing weak investor interest. It’s a sign of how crowded the energy management space has gotten.
Biofuel production nationwide has been woefully behind schedule as would-be producers struggle to just get their first commercial plants rolling. The U.S. government wants to help and on Thursday announced loan guarantee commitments totaling $571 million for Coskata, Enerkem, and a JV from Valero.
The DOE has offered a $967 million loan guarantee for the Agua Caliente Solar project, a 290 MW photovoltaic facility that will be built in Yuma County, Arizona, will be developed by NRG Energy and will use First Solar panels.
The most talked about company in cleantech in 2010, fuel cell company Bloom Energy, announced Thursday morning that it’s launching an offer for 10-year electricity contracts with no upfront payment for the Bloom Box fuel cell itself, which costs between $700,000 to $800,000.
Biofuel startup Gevo has lowered its upcoming IPO to $13 to $15 per share. That’s about $100 million, or $89 million after fees, less than the $150 million it targeted in August, but close to what analysts have predicted.
Amazon Web Services, which built and popularized cloud computing with its Elastic Compute Cloud and Simple Storage Service has moved up the stack from infrastructure to providing Amazon Elastic Beanstalk, its brand new Platform-as-a-Service play. With Beanstalk, Amazon hopes to outgrow the competition.
Bandwidth.com and Verizon Communications today signed an agreement that could make it easier from companies such as Skype and Twilio to build out cool VoIP applications and service as well as set precedent ahead of any regulatory policy on how phone companies charge for VoIP calls.
The first non-Rackspace OpenStack-based cloud-storage service is in beta, but it’s just the first in what should be many products based on the open source cloud project. Internap’s XIPCloud Storage platform provides a self-service, web-based offering to complement the hosting providers existing dedicated storage offerings.
Electric vehicle drive train system maker KLD Energy is looking to raise $10 million in debt and securities, and has closed on a little over $2 million of that round. The startup has planned to build its business via electric scooters in Asia.
EMC launched a slew of new products and a new product line that it hopes will keep it relevant in a changing IT world where cloud computing and products with a more consumer feel are changing the dynamic at both ends of the spectrum.