Ze-gen, which has a gasification process that can transform construction debris into electricity, raises $20 million in a funding round led by a conglomerate based in Oman.
Additional $2.5 million debt financing from Pinnacle Ventures will finance construction of full-scale gasification plant.
The company plans to open a test facility later this month which will use gasification to convert waste to electricity.
A bullish forecast for thin-film solar cells, a legal challenge for trash-to-electricity firm Ze-gen, Range fuels to try energy crops, Freescale gets into LED business, growing demand for mass transit, and clean-tech investing maturing.
The Obama administration is eager to promote green technologies, but some energy entrepreneurs, like Bill Davis, are still struggling to explain what they do.
A new generation of trash-to-energy technologies are cleaner than incinerators, say advocates, but the high costs and environmental concerns remain barriers in the U.S.
There are plenty of interesting electric cars on the road today, but none of them will hold a candle to the ones we're expecting in 2012.
Energy technology typically requires lots of time and money to commercialize, which is causing venture investors to adjust their strategies in clean tech.
Apple CEO Steve Jobs has publicly rubbished the idea of sub-10-inch tablets in the past, but how about a 6-inch iPod touch? A new rumour suggests it's on the cards for this autumn.
The utility and a company called BioEnergy are ready to use bovine biomass from a Fresno area farm to help heat homes across California.