December 17, 2009
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Environment Management Newsletter December 17, 2009 |
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| This Week´s Featured News Stories |
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Silver Spring rakes in further $100m
US smart grid technology company Silver Spring Networks has raised an additional $100m through its latest investment round, despite signalling earlier this year that it would need no more funding before going public. The company announced this week that a high profile group of investors, including Google Ventures, Foundation Capital, Kleiner Perkins Caufield & Byers and Northgate Capital, had provided fresh funding towards a planned global expansion drive and hiring push new staff, as well as the continued development of new smart grid applications. The move is the latest in a series ... |
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US pledges $85m to support developing nations` clean tech projects
The US risked infuriating developing countries at the Copenhagen Summit this week, announcing that it would contribute just $85m to a $350m multinational fund to accelerate the roll out of clean technologies in poorer nations. The World Bank-backed initiative is separate to the three year fast-track funding scheme announced last week by the EU along with a pledge to pay €7.3bn into the fund. The US has yet to announce how much it will pay into that fund, but the $85m pledge still risks being compared unfavourably with the EU`s commitment, particularly given developing countries are already frustrated ... |
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