Struggling next-gen biofuel company Kior now has funding commitments from Bill Gates for its plant expansion.
Investor Vinod Khosla continues to pledge support for next-gen biofuel maker Kior. Despite the company missing its production targets, Khosla and his firm are pledging another $50M to help Kior double its production.
As Kior misses its production targets, sees its stock drop dramatically, and lists doubts in a filing about its ability to continue as a going concern, an investor hits the company with a potential class action lawsuit.
Following the close of a year which saw the politicization of clean energy technologies, the struggles of dozens of solar manufacturers and electric car companies, and a “cleantech cliff” for startup investing, the 2013 ARPA-E Summit could be a sober affair.
Education about energy is crucial for smarter decision making, which is why I’m excited that the Energy Literacy document, created by the DOE and many others, is finally out.
In case you were wondering how KiOR, the biofuel company backed by Khosla Ventures, is coming along, the firm announced its fourth quarter and full 2011 year earnings on Monday. And yep, the company is still in a pre-revenue state.
Biochemical and biotech company Amyris told investors this week that it will stop pursuing making biofuels, reports MIT Tech Review.
One of the key misplaced assumptions that Valley VCs made in cleantech boom times is that the rapid progress of Moore’s Law could be created for cleantech with a little bit of VC funding and Valley smarts.
Asia, with its rapidly growing number of car owners and large pollution problems, could very well be the biggest market for biofuels and green chemicals one day. LanzaTech, which announced Monday it has raised $55.8 million, is certainly finding more willing customers and partners Asia.
This weekend in New York City, dozens of developers gathered for the second Cleanweb Hackathon, where programmers spent the weekend building mobile and web apps around new ways to manage energy. The event is the latest sign the ecosystem around clean technology is changing.