Energy and Clean Tech Connections (June 2010)
6/22/2010
In the June edition of Energy and Clean Tech Connections, we’ve gathered recent information from a wide variety of sources in an effort to keep you abreast of what’s new in the world of clean energy. We draw your attention to the latest industry developments, news from local governments to Capitol Hill, grant opportunities, and upcoming events.
This month, the Energy and Clean Technology Practice Group would like to congratulate clients EnerNOC and FloDesign Wind Turbine. EnerNOC announced that it has expanded its demand-response capacity with the Tennessee Valley Authority (TVA) from 160 to 560 MW. Meanwhile, earlier this month FloDesign opened its new headquarters in Waltham, Massachusetts. The company plans to use the new facility to develop a more powerful wind turbine that uses mature jet engine technology.
Last week, in an Oval Office speech addressing the ongoing oil leak and environmental crisis in the Gulf of Mexico, President Obama called for a “national mission” to reduce the country’s reliance on oil and develop viable alternative sources of energy. Earlier in the week, the President told supporters that a new approach to energy policy must include “rolling back billions of dollars of tax breaks to oil companies so we can prioritize investments in clean energy research and development.”
Also this month, Tesla Motors has announced that it will increase the target of its initial public offering. The electric car maker said it plans to raise $185 million from the offering, $50 million of which would come from an investment by Toyota. The company had originally planned to raise $100 million when it filed for an IPO in January.
We hope that you enjoy this month’s edition of the newsletter. For the most up-to-date information on federal legislation and programs, please click here to find the most recent ML Strategies Weekly Energy and Environment Update.
