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U.K. food company to tap food waste for power; invests £40 million

British meat processing and food distribution company PDM Group will be investing £40 million ($62.2 million) to boost its network of ReFood anaerobic digestion plants in Doncaster, Widnes and East London.

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Joule raises $70 million to fund construction of novel biofuel plant

Biofuel startup Joule Unlimited Inc. raised $70 million in its third and largest funding round to date to fund the construction of a test facility proposed in Hobbs, New Mexico. The facility was meant to test and optimize Joule’s refining process at large scale. The Hobbs facility could be expanded to cover 1,000 acres for initial commercial production, according to a statement.

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Lithium-sulfur potential gets $50 million funding boost from BASF

Battery technology developer Sion Power announced yesterday that it brought on board a $50 million equity investment from German chemicals giant BASF S.E., for its lithium-sulfur storage. Arizona-based Sion Power, a spin-off from the Brookhaven National Laboratories, is developing lithium-sulfur-based batteries intended for electric and plug-in electric vehicles.

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Vestas releases preliminary financial highlights of 2011

Danish wind giant Vestas Wind Systems AS issued a preliminary statement of its financial activities for the year 2011 as per Dec. 31, 2011, noting that figures are subject to changes once the final annual report is presented on Feb. 8. Order intake for 2011 amounted to 7.4 gigawatts, valued at 7.3 billion euro ($9.5 million). Initial forecast for 2011 order intake was at 7-8 GW. Shipments amounted to 5.1 GW, lower compared to expectations of 5.5 GW. Together, order intake and shipments are the most important factors for cash flow generation.

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Company which makes PV panel boosters gets $18 million investment

A California-based company which makes electronics that can improve how solar panels convert sunlight into energy by as much as 20 percent raised $18 million in its fourth financing round as it expands manufacturing and international sales.


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BioAmber files for I.P.O. to fund new succinic acid production plants

Another company using biomass to replace petroleum-based ingredients found in consumer goods has announced plans to raise up to $150 million through an initial public offering. BioAmber Inc., headquartered in Minnesota, uses microorganisms to ferment biomass to produce succinic acid, a naturally-occurring substance that could replace its petroleum-derived cousin maleic anhydride. Both substances are used to create high-value chemicals used in the plastics, textiles and pharmaceutical industries including 1, 4-butanediol.


Energy storage leads Q3 U.S. clean tech investments – Ernst & Young

Energy storage led clean technology investments during the past three months, raising the total amount of venture capital pouring into the United States close to a quarter compared to the same period a year earlier, a report from Ernst & Young LLP published yesterday revealed. There were 76 companies developing renewable power and energy-efficiency technologies that received $1.1 billion funding recorded in the quarter, more than double the 36 investments last year, the New York-based accounting firm said.


Batteries maker Ener1 suspended in Nasdaq

American Lithium-ion batteries maker Ener1.Inc is now officially suspended from trading on the Nasdaq, a huge blow to the battery maker after experiencing troubles with Norwegian electric car maker Think and the resignation of the company’s top two executives in the last two months.


Khosla-backed biofuel company Mascoma files for $100 million I.P.O.

Another biofuel company backed up by Khosla Ventures is planning to raise as much as $100 million through an initial public offering. Biofuel company Mascoma Corporation makes genetically-enhanced yeasts and bacteria that can already produce the necessary enzymes needed to break down plant sugars and ferment it into ethanol, combining two stages in ethanol production into a single step.


Renewable Energy Group files for $100 million IPO on Nasdaq

Renewable Energy Group Inc., said to be the largest biodiesel producer in the United States, has filed plans for an initial public offering on the Nasdaq Global Market to raise as much as $100 million to acquire a production facility and expand overseas. The Iowa-based company makes biodiesel from inedible animal fat, used cooking oil, inedible corn oil, and other feedstocks.


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