$57 million has been awarded by the Department of Energy to 33 small businesses engaged in building energy efficiency, smart grid, wind energy technology, vehicle technologies among others.
Several small start-up clean tech companies secured funding including: Eight 19 Limited (solar) raised $7million, Powerhouse Dynamics (home based energy monitor) raised $400,000, SG Biofuels (biofuel using Jatropha plants) raised $9.4 million, Grid2 Home (communications software) raised an undisclosed amount.
Intel Capital Invest in America Technology Fund has invested $30 million in four chip and software companies. Among the companies receiving funding is Nexant, a software company that creates solutions for grid operators and utilities among others.
The DOE also announced the three winners of the X prize for automobiles, a competition that required cars to get 100 mpg or equivalent. The top winner earning $5 million was the Edison 2, a highly efficient Ethanol-85 powered car that could seat four and get 102.5 mpg. Here are photos and the other winners.
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September 21, 2010
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