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Yahoo! Gets Going on Climate Campaign

Yahoo! Inc. (Nasdaq: YHOO) is in NYC’s Time Square today to kick of is greenest city in America search. Co-founder David Filo, joined by actor Matt Dillon and Global Green USA CEO Matt Petersen, are introducing “Be a Better Planet,” to empower Americans to take action against climate change. The winning city, which will be announced on June 8th, will be rewarded a fleet of hybrid taxi cabs or the equivalent cash donation, to be dedicated toward city greening projects. To kick off the program, Yahoo! will also donate a fleet of hybrid taxis to New York City, recently determined to produce 1% of all U.S. greenhouse gases. “Americans everywhere are taking notice of the increasingly dire predictions around global climate change,” said Yahoo!’s David Filo. “We want to make it easy for consumers to do something, as well as help them build enduring habits that can truly make a difference. We believe many small individual actions can add up to significant change.” Yahoo is also launching Yahoo! Green (http://green.yahoo.com), a new one-stop resource website for the environmentally-concerned. Its purpose is to inform and empower consumers with the latest news, tips, and ways to take action. The site features a […]

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Quantum to Acquire Stake in German Solar Company

Quantum Fuel Systems Technologies Worldwide, Inc. (Nasdaq: QTWW) has signed a binding letter of intent to acquire a 24.9% equity stake in a German solar energy technology company that develops and manufactures high-efficiency photovoltaic modules. “This acquisition is strategic to Quantum because of this solar company’s involvement in the automotive industry through its fully integrated and validated solar roof modules being sold to European OEMs. We believe this German partner, which has over 20 years of solar industry experience, will provide us access to other European alliances and relationships in the rapidly expanding European renewable energy market,” said Alan P. Niedzwiecki, President and CEO of Quantum. “We see powerful synergies with our industry-leading hydrogen storage systems and lithium-ion battery systems, which can enhance the availability of renewable resources, like wind and solar energy, by providing cost-effective storage options.” About Quantum: Quantum is a leader in powertrain engineering, system integration and manufacturing of packaged fuel systems and accessories for specialty vehicles and applications including fuel cells, hybrids, alternative fuels, hydrogen refueling, new body styles, mid-cycle vehicle product enhancements and high performance engines and drive trains for OEMs and consumers of aftermarket parts and accessories. Quantum also designs and manufactures hybrid and […]

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Solaicx Closes $27.1M Funding Round

Solaicx, a manufacturer of mono-crystalline silicon ingots and wafers for photovoltaic applications, has closed a $27.1 million Series C financing. The lead investor was the D. E. Shaw group, along with follow-on investments from Applied Ventures, LLC, Firsthand Capital Management, Big Sky Ventures, and Greenhouse Capital Partners. Mitsui Ventures invested for the first time. “We have a strong interest in emerging leaders in the alternative energy space and are delighted to support Solaicx through this investment,” said Alexander Wong, head of venture capital at the D. E. Shaw group. “Solaicx plays a crucial role in the solar energy value chain. Their continuous ingot growth technology provides the best of both worlds by increasing energy conversion efficiencies and reducing material costs. Ultimately, this translates to more cost-competitive solar energy for everyone.” Solaicx’s proprietary, continuous Czochralski (CZ) high-volume ingot and wafer production system improves on every factor of the manufacturing process, resulting in superior quality silicon ingots, according to the company. Solaicx’s streamlined ingot production techniques result in up to 30% higher efficiencies in polysilicon feedstock usage, enabling reduced costs throughout the solar value chain. Said Bob Ford, president and CEO of Solaicx, “The scale of this funding round enables us to […]

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