The U.K. government and the domestic auto industry is looking to boost the country’s share of the low carbon auto industry — will $1.5 billion for a new research and tech hub help?
A biofuel startup with some stellar investors is making some big claims about its technology and production costs. But it will have to raise some serious money to prove itself.
What most people don’t realize is that a chunk of the crude oil that goes into an oil refinery doesn’t end up anywhere near a car’s fuel tank. It ends up making chemicals.
While wind power is one of the cheapest forms of clean power, it’s also one of the most fickle, and to combat that problem, utilities are experimenting with energy storage, and in particular batteries.
Oil giant BP has invested in biofuel startup CoolPlanet BioFuels, according to an announcement on Thursday. CoolPlanet BioFuels is the biofuel startup you have never heard of but that has unusually famous investors like GE, Google, NRG Energy and ConocoPhillips.
Developing biofuels continues to be a bright spot in the cleantech world. Two startups, plant genetic engineering company Chromatin and biofuel producer ZeaChem, announced separately on Tuesday that they have raised new rounds of funding.
Biofuel and biochemical startup Verdezyne lands investment from British oil giant BP and Dutch biochemicals company DSM — yet another biotech startup teaming up with big boys to bring green fuels and chemicals to bigger scale.
Aside from the news we covered here, today also brought some interesting nuggets about Verizon’s data center plans, Twitter’s new data format and yet another scale-out storage vendor getting acquired. Further, there’s a lot to be learned from Intel’s huge recession profits and Cloudscaling’s cloud-benchmarking proofpoints.
BP — yep, the company that’s responsible for spewing millions of gallons of oil into the gulf of Mexico — is simultaneously investing more money into the next-generation of biofuels. This morning BP said it will buy up Verenium’s cellulosic ethanol business for $98.3 million.
What can Kevin Costner do for the oil-soaked Gulf Coast? His company Ocean Therapy Solutions, which he’s backed to the tune of $24 million, can clean water to 99.9 percent purity, and BP has ordered 32 of the company’s centrifuges so far.
