The revolutionary solar farm in the Mojave desert is finally live. Here’s the story behind the tech, and an inside look at the launch.
Siemens is planning a big layoff after it couldn’t find a buyer for its solar thermal technology, for which it paid $418 million in 2009.
If SolarCity does manage to debut in its expected range, it would represent one of the rare venture-backed cleantech IPOs that have emerged over the years.
Over the past year, BrightSource Energy has touted the importance of using energy storage for its solar power plants. And no wonder. California regulators are looking at approving three of five deals between BrightSource and a utility partly because they will benefit from using energy storage.
An 180-mile drive takes me through the farm belt of California to Coalinga, where Chevron runs an old oil field that uses steam to boost its production. It operates a demonstration project, completed last fall, that uses sun’s energy instead of natural gas to produce steam.
Three greentech IPO hopefuls pulled the plug on their public market plans this month. There’s a lot that these companies have in common, and it’s not that they’re green: it’s the lack of profits and even revenues.
Waste to fuel startup Enerkem has withdrawn its IPO plans citing — what else — poor market conditions. The move is the third greentech IPO hopeful to cancel public market plans this month.
The second greentech startup that had planned an IPO this month has now withdrawn its plans citing market conditions. Luca Technologies, a startup which uses biotech to produce natural gas via microbes in coal beds, announced that it intends to withdraw its IPO plans.
It’s not meant to be after all. Solar power plant developer BrightSource Energy, plans to withdraw its plan to go public because of poor market conditions, the company said Wednesday night.
Brightsource Energy could go public as early as Thursday on the Nasdaq, and with that move the solar power plant developer will be making history.