Where the money is in cleantech: oil and gas

Cleantech investment is not dead, it just requires new approaches and a recognition that the traditional oil and gas industry may very well be the best patron for cleantech development and deployment. At least for now.

A solar greenhouse arises among the sand dunes

GlassPoint Solar just raised $26 million in venture capital and built a pilot project to prove that its solar steam equipment could help oil companies pry loose of heavy crude and make it easier to extract.

Shell CEO: Energy efficiency, not clean power, is key

Royal Dutch Shell CEO, Peter Voser, says energy efficiency technology is a must-have to help feed a world with a growing appetite for energy, but the same can’t be say for alternative energy sources such as wind and solar.

John Hofmeister: We’re Going About Energy Policy “Planlessly”

John Hofmeister, the former President of Shell Oil, isn’t one to mince words. He thinks the U.S. is going about energy policy “planlessly,” due to its short political cycles, and he called the stimulus package’s funding for green technology “a frittering number.”

Biofuels, Bioplastics Startups Getting Sparse, Lux Says

Grab your biofuel startups fast, Lux Research says — the field of contenders with game-changing technologies for turning non-food feedstocks into useful hydrocarbons is getting sparser by the minute. The report sees Big Oil and consumer products conglomerates quickly winnowing the field of the best technologies.

Seaweed-Powered Cars Coming Your Way?

Seaweed: great for sushi, skin care and … powering cars? Bio Architecture Lab (BAL) thinks so, and it announced Wednesday that it has lined up a Norwegian oil heavy weight, Statoil, to help it bring its technology to market.

Aurora Drops Biofuels For Greener Algae Markets

Aurora Biofuels announced Monday that it has changed its name to Aurora Algae, in hopes of finding commercial markets today in turning algae into nutrients and protein products. It’s not exactly a vote of confidence for the idea of turning algae into biofuel.