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Solar panel maker gets first ever alternative-energy Fed loan guarantee The Department of Energy (DOE) this week made the first alternative-energy loan guarantee, announcing that Solyndra Inc., a solar energy company based in Fremont, Calif., will receive $535 million. The company – profiled recently by ScientificAmerican.com – plans to use the money to ramp up production of its cylindrical, thin-film solar panels that lie flat on rooftops. The cash won't flow until the loan receives some final legal and financial green lights, according to a DOE press release. The DOE is reviewing dozens of other projects, from nuclear to carbon capture and sequestration, and will likely be issuing more loan guarantees in the coming weeks, the New York Times reports. [More] Scientific AmericanConstellation Energy drops incentive payments plan Constellation Energy Group Inc. has dropped a plan for up to $32 million in performance and retention payments to key managers that was to be a part of an upcoming deal with French power giant EdF. Topix.netFremont's Solyndra Wins First DoE Funding Obama Administration Offers $535 Million Loan Guarantee to Solyndra, Inc.Investment Could Lead to Thousands of New Jobs“Energy Secretary Steven Chu today offered a $535 million loan guarantee for Solyndra, Inc. to support the company's construction of a commercial-scale manufacturing plant for its proprietary cylindrical solar photovoltaic panels. The company expects to create thousands of new jobs in the U.S. while deploying its solar panels across the U.S. and around the world.” of this story » Green OptionsInformation Forecast, Inc.: Regulatory Changes Are Removing Roadblocks, Paving the Way for Offshore Wind Projects LOS ANGELES, CA (MARKET WIRE) Infocast has organized an Offshore Wind Development conference scheduled for March 30-April 1, 2009 in Washington, DC. It will provide the latest word on the North American offshore wind market developments, including the recently announced memorandum of understanding between FERC and the Department of the Interior's Minerals Management Service that resolves long-standing uncertainties in the permitting and siting process for offshore energy projects. It will feature representatives from many prospective offshore wind projects, including Mark Rodgers, Communications Director for the Cape Market WireTherapeutic Hypothermia Is Promising Strategy To Minimize Tissue Damage Recognition of the benefits of cooling strategies to protect the brain and spinal cord after traumatic injury has led to a wealth of cutting edge research, prime examples of which are featured in a special hypothermia issue of Journal of Neurotrauma, a peer-reviewed journal published by Mary Ann Liebert, Inc. The issue will be available free online at http://www.liebertpub. Medical News TodaySun Microsystems may shine in Big Blue sky For Sun Microsystems Inc., a reported $6.5 billion acquisition offer from IBM Corp. is being called a 'Yahoo moment.' (IBM) (JAVA) (CSCO) (HPQ) (MSFT) Biz JournalDevelopment Of Therapies Based On Natural Killer T-Cells: Initial Program To Focus On Asthma Treatments NKT Therapeutics, Inc., a Newton-based biotechnology company cofounded by Beth Israel Deaconess Medical Center (BIDMC) researchers Steven Balk, MD, PhD, and Mark Exley, PhD, has announced that it has closed an $8M Series A venture financing co-led by venture capital firms SV Life Sciences (SVLS) and MedImmune Ventures. The company will work to develop therapies based on natural killer T-cells, with their first program focusing on treatments for asthma. Medical News Today |
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