MMA Renewable Ventures finances energy efficiency
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Blog: Project financing for energy project is helping fuel renewable energy adoption. MMA Renewable Ventures expands financing to energy efficiency for mid-size companies.
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Defying conventional wisdom, one mutual fund specializing in alternative energy is earning strong returns.
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Two real estate firms announced yesterday that they had committed to purchasing credits for power generated from wind farms to cover the energy needs of their joint headquarters in Bethesda and an office building in downtown Washington.
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Free hybrid-car parking. Cash rebates for installing solar panels. Low-interest loans for energy-saving home renovations. Money to tear up desert lawns and replace them with drought-resistant landscaping.
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(InfoWorld) - Advanced Micro DevicesÂ is investing $7.5 million in energy-efficient chip company Transmeta, which has beenÂ battling falling revenueÂ and widening losses. The investment, announced Friday, comes a year after AMD said it wouldÂ resell Transmeta's Efficeon processorsÂ in PCs for developing countries, and three months after Transmeta said itÂ faced delistingÂ from the Nasdaq stock market because of its low share price. Transmeta shot to fame in the late 1990s when the vendor said it was developing a groundbreaking line of ultra low power processors for notebooks PCs. The Crusoe chips did not sell as well as expected, however, due to product delays and disappointing performance. Transmeta did secure a few licensing deals, notably in Japan, but it also wracked up heavy losses. In January 2005 the vendor announced job cuts and said it would switch its focus to licensing its power management technology to other companies. Later that year Transmeta agreed toÂ sell its Crusoe chips to Hong Kong companyÂ Culturecom TechnologyÂ for $15 million in cash. Last year's deal with AMD, to resell Transmeta chips in Microsoft's pay-by-instalment PC initiative, raised the vendor's prospects again. But in March Transmeta said it faced delisting from the Nasdaq because its stock price fell below $1 for more than 30 consecutive days. Transmeta's stock closed at $0.70 a share on Thursday, but it jumped 50 percent in premarket trading Friday on news of AMD's investment. Transmeta reported revenue of $2.1 million for its first fiscal quarter in May, down from $19.5 million in the same period a year earlier. Its losses widened to $18.7 million, from $1.7 million in the first quarter of 2006. AMD made its investment in exchange for Transmeta stock. The chip vendor called Transmeta "an innovative force in the industry" and said it had been a key ally in bringing AMD's AMD64 technology, the basis of its Opteron chips, to market. "Our investment will support Transmeta's technology development work and AMD's efforts to leverage Transmeta's innovative energy-efficient technologies to the benefit of AMD's customers," Dirk Meyer, AMD's president and chief operating officer, said in a statement. Separately, Transmeta said in a regulatory filing last month that David Ditzel, the company's co-founder and its first CEO, was resigning from the vendor's board of directors effective June 15. He'll receive a severance payment of $210,000 in three installments, the company said. Ditzel may do consulting work for the company until June 2008, according to the filing. Â
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AMD said Friday that it would invest $7.5 million in Transmeta in order to support its work in developing efficiency technology for microprocessors. In turn for cash infusion, AMD would receive preferred stock in the company.
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Green tech financiers share tips for spotting sustainable start-ups.
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Neah Power Systems, which develops fuel cells for notebooks, raises $12 million in venture funding.
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Shining a light on the solar industry.
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A group of technology companies collaborates to improve energy efficiency in data centers.
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A leading Silicon Valley venture capitalist sees gold in alternative energy.
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Companies like Microsoft and Google have committed to improving the power efficiency of equipment they make and use.
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The industrial giant's new Munich research outpost puts renewable energy in high gear
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Blog: Energy efficiency technology to manage peak demand attracts more clean tech investment.
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Renewable energy sources could fuel Rule Breaking returns in the next few years. Do you have the guts to invest?
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The energy firm projects sturdy future EBITDA growth.
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Emerson Network Power says its cooling technology is more energy efficient than more traditional systems.