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Posts Tagged ‘alternative energy’

Durham, NC-based Semprius heats up with $20M for solar tech

Friday, June 24th, 2011

SempriusDURHAM, NC -With oil prices high, government support for alternative energy projects and investors hot for companies with advance solar technologies, a Durham, NC firm has nabbed substantial new venture backing. Semprius, the Durham, NC-based company with a proprietary technology for printing semiconductors on glass, plastic or other materials for use in solar panels, has raised $20 million of an offering targeted at $30 million, according to a filing with the U.S. Securities and Exchange Commission.

Investors in the firm include Durham’s Intersouth Partners, Austin’s Arch Venture Partners, Chicago’s Illinois Ventures, CA-based Applied Ventures, and Tokyo-based Global Venture Partners.

Semprius develops novel technology for the manufacture of advanced semiconductor devices. This technology enables “point-of-use electronics,” greatly broadening the options available to designers of advanced electronic devices. Semprius presented at TechMedia’s 2010 Southeast Venture Conference.

For many existing designs, the technology can enable a manufacturing process that is faster and far less expensive.  It is ideal for multiple markets and applications, the company says, including solar modules, electronic displays and wireless devices.

Spray some solar power generators on those windows

Tuesday, August 17th, 2010

By Allan Maurer

John Conklin

John Conklin

BALTIMORE, MD – In the not too distant future, companies may spray the world’s tiniest solar cells on office and residential building windows to generate electricity. New Energy Technologies, (OTCBB: NENE),  a Baltimore-based firm that is developing the SolarWindow technology, is also working on a MotionPower system that grabs kinetic energy from cars, trucks and buses as they decelerate to enter maintenance facilities, parking areas or drive-in windows.

The company has developed successful prototypes of its technologies. It tested MotionPower, for instance, at a Burger King, a Holiday Inn Express, and a Four Seasons Hotel and is looking for additional test sites with high bus or truck traffic in and out of a facility.

Its SolarWindow technology not only works with sunlight, but also with artificial light, says John Conklin, who recently took the helm as CEO of the company.

The company changed its name and trading symbol to New Energy Technologies from the Octillion Corp. (OTCBB: OCTL) in January 2009.

New Energy engineers envision that wasted kinetic energy from the movement of an estimated 6 billion miles travelled and 250 million cars on America’s roadways could serve as a potentially viable source for generating valuable electricity.

The MotionPower system is designed to be installed in locations where hybrid, next-generation electrical, and conventional fuels-driven vehicles decelerate or stop, thus ensuring that vehicles are not ‘robbed’ of energy they would otherwise use to accelerate.

Instead, MotionPower devices assist vehicles in slowing down, and in the process of doing so, capture the vehicles’ motion energy before it is lost as brake heat, and creatively convert that energy into clean ‘green’ electricity.

“It’s designed so that there will be minimal if any effect on the driver,” says Conklin. “There’s no wear and tear on the vehicle.” As a vehicle drives over the system, fluid or mechanical systems convert its kinetic energy into electricity.

Conklin notes that it could produce a significant amount of clean electricity at sites such as drive-through restaurants and municipal bus or truck maintenance garages.

“We’re seeing extreme interest from public and private sectors in the Northeast,” Conklin says.

Tests of the company’s ultra-small solar cells for use in its transparent SolarWindow have demonstrated  superior performance over current thin-film and solar photovoltaic technologies at generating electricity from artificial light – an important advantage over conventional solar technologies which are limited by their capacity to function well where exposure to direct sunlight is available.

Both technologies required a number of engineering advances and the company has patents pending. They originated at the University of South Florida.

Counting its various research centers, the company has about 14 employees, two fulltime at company headquarters and 12 in technical support staff. Conklin says the firm would like to attract smart institutional or industry specific dollars to provide some long term security as it advances toward commercialization and increasing its patent portfolio.

He adds that the company is looking to partner on joint ventures with firms that might want to brand its technologies.

Testing is continuing on both technologies throughout 2010 and likely into 2011, although Conklin is reluctant to put a date on when the company will move into commercialization.

“We’re on the cusp of changing the way people look at renewable and alternative forms of energy,” says Conklin.

New Energy Technologies names John Conklin CEO, president

Wednesday, August 11th, 2010

New Energy TechnologiesBURTONSVILLE, MD – New Energy Technologies has named John Conklin president and CEO. The company is developing alternative energy technologies that can generate electricity from ultra small solar cells sprayed on windows and other innovative means.

Conklin was founder of industrial and environmental design and operations consulting firm Tellurium Associates and renewable energy company National Solar Systems.

He replaces Meetesh Patel.

The company is developing systems that capture the kinetic energy of moving vehicles to generate electricity and miniature solar cells that can be sprayed on windows.

Hydro Alternative Energy seeks $9M funding wave

Monday, August 9th, 2010

Hydro Alternative EnergyJUPITER, FL – Hydro Alternative Energy has opened a $9 million equity funding round with $15,000 from a single investor, according to a regulatory filing. The company is testing technologies to generate electricity from ocean wave energy.

The company plans to provide energy to one of the Galapagos Islands, Ecuador, which are known for stimulating Charles Darwin’s thinking on the theory of evolution due to the diversity he saw in a bird species.

The company notes on its Web site that the world is 2/3 water. It generates 800X more energy than wind, and tidal currents are as predictable as “the tide coming in.”

It plans to acquire patents and technologies that harness that clean and renewable alternative energy source.

It is currently working on a patented water power generation device that does not use any complex curves or require any expensive tooling to create, and has a much different efficiency profile than traditional hydrokinetic turbines, it says.

The company disclosed the funding in a filing with the U.S. Securities and Exchange Commission. — Allan Maurer

To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.

New enzymes turn waste into fuel

Tuesday, February 16th, 2010

ORLANDO, FL -  We may soon have a viable alternative to gasoline. New enzymes from Novozymes enable the biofuel industry to produce cellulosic ethanol at a price below $2 per gallon for the initial commercial-scale plants that are scheduled to be in operation in 2011, the company says.

This cost for is on par with gasoline and conventional ethanol at the current US market prices.

We know this is particularly important in the Southeast with its many sources of potential raw materials for cellulosic ethanol. North Carolina, Georgia and Florida all have strong interests in the biomass-based fuels.

Works on corn cobs, woodchips

Cellulosic ethanol uses enzymes to break down cellulose in biomass into sugars that can be fermented into ethanol.

Cellic CTec2 has proven to work on many different feedstock types, including corn cobs and stalks, wheat straw, sugarcane bagasse, and woodchips.

The company has been working on the Cellic CTec2 enzymes for a decade.

The process is ready

“We  promised our customers and the market to be ready by 2010,” says Novozymes’ CEO, Steen Riisgaard.

“We’re ready. The enzymes are ready. Biofuel producers now have a critical component to turn agricultural waste into a competitive alternative to gasoline.”

Extraordinary advances in enzyme development have reduced the enzyme cost for cellulosic ethanol by 80 percent over the past two years and enzyme costs are now down to approximately 50 cents per gallon of cellulosic ethanol.

A number of pilot- and demonstration-scale facilities are in operation all over the world, while large-scale commercial facilities are under construction and scheduled to be operational in 2011.

Commercialization of cellulosic biofuel is expected to create 1.2 million new green jobs in the US alone by 2022.

Novozymes is quoted on NASDAQ OMX CopenhagenThe company’s U.S. headquarters is in Franklinton, NC.

Online: www.novozymes.com