BP Makes Investment in Cool Planet BioFuels

Posted on December 29th, 2011 by
   

BP makes investment in Cool Planet BioFuels

BP Technology Ventures has made an investment in Cool Planet BioFuels Inc.’s C Round. BP followed General Electric, Google Ventures, ConocoPhillips, NRG Energy and North Bridge Venture Partners in investing in Cool Planet BioFuels. The round was led by Shea Ventures.

Cool Planet BioFuels is developing bio based renewable, reduced carbon gasoline that can be blended with conventional gasoline and used in today’s vehicles. In addition to BP and ConocoPhillips, several other energy companies are in the process of testing and evaluating Cool Planet’s fuel with very good results to date. The company expects to announce additional energy company strategic relationships throughout 2012.

SunWater Solar complete two solar water-heating systems in San Francisco

SunWater Solar Inc. and Tenderloin Neighborhood Development Corp. have completed new solar thermal systems at two affordable housing buildings in the heart ofSan Francisco’s Tenderloin District. The two systems, consisting of 40 solar collectors and 24 collectors, respectively, garnered a total of $85,867 in California Solar Initiative-Thermal (CSI-Thermal) rebates.

The solar water-heating systems are one element of TNDC’s Green Retrofit Initiative, an effort aimed at making TNDC buildings more energy efficient. Co-sponsored by the San Francisco Mayor’s Office of Housing and Enterprise Community Partners, the initiative also included boiler replacements, and the installation of energy-efficient lighting and low-flow showerheads and toilets. Fine Line Construction served as the general contractor for the project.

ONYX to provide energy distribution of 22MW solar project

Onyx Service & Solutions Inc. announced a plan to distribute power on their new 22 MW project inRoatan,Honduras. Currently, Roatan has had numerous issues with power outages and much of this has been is attributed to the older distribution system currently in place. ONYX plans to use a cutting-edge repository system for the larger production farms and may decide to utilize its new “Plug-N-Play” panel for smaller output areas. Repository systems store energy for use after the sun has gone down or if there is not ample sunlight for extended periods of time. ONYX’s new “Plug-N-Play” panel already has a battery unit and inverter integrated into the panel straight from the factory.

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