The Department of Energy has awarded $122 million over five years to a team from Pennsylvania State University to study technologies that will make buildings more energy efficient. Nearly 40% of energy use and greenhouse gas emissions are from buildings. Better building design is the goal of the researchers at this Energy Innovation Hub.
Kior, a biofules company has secured a $75 million loan to build five plants in Mississippi that will convert wood chips to a substance similar to petroleum that can be refined like petroleum. Three of the plants are expected to be built in the next three years. Kior is headquartered in Pasadena, TX.
Zero Motorcycles has raised $1.5 million from investors to increase sales and distribution of its lithium-ion battery powered motorcycles. These motorcycles are priced around $10K depending on rebate and other factors, have a top speed of 70mph, and are built in Santa Cruz, CA.
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August 31, 2010
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