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Energy Roundup: SunEdison Buys Real Estate, ZeaChem Gets $34M, and More

By Christopher Wink | Jan 8, 2009

Company raises $34 million for cellulosic-ethanol plant — Cellulosic-ethanol startup ZeaChem raised $34 million to help build its next-generation American biofuel plant. The company plans on launching construction on a 1.5 million gallon-per-year plant in Oregon later this year. [Source: Earth2Tech]

Energy group, realty company reach deal on solar — Cleveland-based Developers Diversified Realty will generate $2.5 million in revenue this year by allowing solar-energy provider SunEdison to place solar-power panels on top of the realty company’s shopping centers. The panels will be placed this year at up to 30 centers in U.S. states and territories that have solar-power subsidies, like California, Colorado, New Jersey and Puerto Rico. [Source: Wall Street Journal]

Retail company planning energy cuts — Property manager Cushman & Wakefield has come to an agreement with the EPA to drastically cut emissions from its properties. By using energy-efficient technologies and practices, the company aims to reduce its energy consumption 30 percent by 2012 at its more than 3,000 managed properties. [Source: Earth2Tech]

Large solar energy system launched at winery — Renewable energy system producer Perpetual Energy Systems and Foster’s Wine Estates Americas have announced the activation of four solar installations, including what they call the largest single solar-energy system hosted by a U.S. winery. [Source: Business Wire]

Department of Energy to fund pilot biorefineries — The U.S. Department of Energy will offer up to $200 million through 2014 to support the development of demonstration-scale biorefineries that use new energy sources like algae or otherwise produce advanced biofuels. The total is subject to annual appropriations. [Source: Renewable Energy World]

Solar orders reach $5 million for company — Solar-energy company Tempress Systems has received $5 million in orders from two customers for its diffusion processing systems for solar power system manufacturing. One customer is based in Asia and the other in Europe. [Source: Renewable Energy World]

Christopher Wink is a freelance journalist and blogger based in Philadelphia. Contact him or see more of his work at his personal Web site ChristopherWink.com.

BNET User Analysis

Web Buzz:
  • Termite stomach bug to make ethanol

    CNET News - 319 days 20 hours 25 minutes ago

    ZeaChem, a company that uses the microbes in termite guts to make ethanol, said on Thursday it has raised $34 million to build its first plant.The biorefinery, which could be located in Boardman, Ore., will begin operating next year, making 1.5 million gallons of ethanol a year from a non-food feedstock, such as wood chips or grasses, according...

  • ZeaChem Rakes in $34 Million

    New York Times - 319 days 13 hours 38 minutes ago

    Cellulosic ethanol start-up ZeaChem, working to build a next-generation biofuel plant in the United States, announced on Wednesday that it had nabbed $34 million in fresh funding to help implement that goal. The round was co-led by Globespan Partners and PrairieGold Venture Partners, and included participation Mohr Davidow Ventures and Firelake...

  • ZeaChem Piles On $34M for Cellulosic Ethanol Plant

    Earth2tech.com - 319 days 20 hours 26 minutes ago

    Cellulosic ethanol startup ZeaChem is one of the firms that has been racing to build a next-generation biofuel plant in the United States. On Wednesday, the company announced that it has raised a sizable round of funding — $34 million — to help implement that goal, and the company expects to start construction on a 1.5 million...

  • A New Route to Cellulosic Biofuels

    Technology Review - 3 days 20 hours 26 minutes ago

    ZeaChem's pilot plant will make ethanol using termite microbes. By Phil McKenna Friday, November 20, 2009 Biofuel startup ZeaChem has begun building a biofuel pilot plant that will turn cellulosic feedstocks into ethanol via a novel approach that uses microbes found in the guts of termites. The company says the ethanol yields from the sugars of...

  • ZeaChem Raises $34M for Oregon Biorefinery

    Xconomy.com - 318 days 5 hours 27 minutes ago

    ZeaChem, a Colorado-based clean fuel company, announced that they have raised $34 million from investors, led by Globespan Capital Partners and PrairieGold Venture Partners, to fund a green fuels refinery plant in Oregon. The company is developing technology to convert inedible plant matter into ethanol. ZeaChem announced last year that the...

 

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