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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The combination of consumer interest and saving money prompts green incentives.
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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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The industrial giant's new Munich research outpost puts renewable energy in high gear
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Blog: Building energy costs fit within this tidy interface to help a home become more efficient.
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A push into the solar sector could benefit the company.
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Blog: Financing solar projects is critical to adoption of solar, experts contend. Tioga Energy launches with $10 million.
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Business & money: Firm will raise electricity rates by 9.7% and gas prices by 15% from tomorrow
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Richard Branson of Virgin plans to invest in efforts to find renewable, sustainable energy sources.
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Company intends to generate 50 megawatts of electricity from renewable energy forms for its operations by 2012.
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A new company NRG Dock shows off a general-purpose solar panel and battery to power electronics.
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Â£1.6bn for alternative energy research Sir Richard Branson has pledged to invest the next 10 years of profits from his Virgin travel firms into developing technologies that will reduce our reliance on fossil fuels. The commitment is apparently worth around Â£1.6bn over the period.â¦
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By Diana Graettinger, Bangor Daily News, Maine  Feb. 21--A Florida company that hopes to develop power from tidal energy  in Cobscook Bay has received a $300,000 development award from the Maine  Technology Institute.   Ocean Renewable Power Co.
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Solar-wafer maker allays investor concerns of rising costs.
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Two Silicon Valley firms show energy-efficient practicies in their own facilities.
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This energy powerhouse looks cheap, despite recent setbacks.
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Blog: Start-up will use series B funding to build out 20-megawatt solar-cell manufacturing plant.