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Enerkem raises C$59M in latest financing round; Valero Energy joins, Waste Management increases investment

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Waste to biofuels and chemicals company Enerkem announced the closing of C$59 million (US$60 million) in financing. As part of this financing, Valero Energy Corp. joins existing investors Waste Management, Rho Ventures, Braemar Energy Ventures and Cycle Capital, who have each invested in the new equity round.

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DOE pulls grant funding from BlueFire Renewables cellulosic biofuels plant

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BlueFire Renewables, Inc., BlueFire Renewables, Inc., BlueFire also asserted that if it failed in reversing the DOE decision, it would devise a new strategy with respect to financing the Fulton Project. Earlier post.). Earlier post.).

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Biomass to sugars and lignin company announces new name, new CEO, $30M in funding and a $75M deal with Mississippi to build plants in state

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Virdia, formerly HCL CleanTech, a developer of cellulosic sugars, announced a number of major company milestones, including a new brand and CEO, its latest funding round, and a $75-million deal with the Mississippi Development Authority to build manufacturing plants in the state. Earlier post.)

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US Geothermal Power Could Top 10 Gigawatts, New Industry Report Says

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A new report by the Geothermal Energy Association (GEA) shows strong growth in new geothermal power projects continuing through 2009. Mississippi. MW of power to the US geothermal energy output. Financing is expensive and scarce, and available lenders are requiring much more work be done before they will finance projects.

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KiOR seeks to double cellulosic fuels production at Columbus plant; $50M in from Khosla for Columbus II

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is pursuing plans to double production capacity at its Columbus, Mississippi, facility through construction of a second facility incorporating KiOR’s commercially proven technology. billion gallons of renewable fuels to be blended into the US fuel supply (a 9.74% blend). Cellulosic gasoline and diesel company KiOR, Inc. Earlier post.).

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

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Enable smart charging and vehicle grid integration through solutions such as demand response, and other energy storage and load management strategies. Berkshire Hathaway Energy. Consumers Energy. Duke Energy. Eversource Energy. National Association of State Energy Officials (NASEO). Puget Sound Energy.

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Waste Management Makes Strategic Investment in Waste-to-Fuels Company Enerkem

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Waste Management has made a strategic investment in Enerkem, a developer of a thermochemical (gasification and catalytic synthesis) process to produce synthetic fuels and chemicals from biomass and waste, as part of Enerkem’s new financing round. The closing of this new round of financing, which generated C$53.8 Earlier post.).

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