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GreenFuel Technologies Closing Down

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Greentech Media: GreenFuel Technologies Closing Down The Harvard - MIT algae company winds down after spending millions and experiencing delays, technical difficulties. GreenFuel Technologies, one of the earliest, best funded and most publicized algae companies, is shutting its doors, a victim of the credit crunch . "We are closing doors. We are a victim of the economy," said Duncan McIntyre at Polaris Venture Partners , which invested in Greenfuel. Although it has raised millions of dollars and landed a high-profile deal with Auranta in Spain to erect test facilities, it could not get money to complete the project. In January, it laid off 19 people, or half of the staff. Powered by ScribeFire . Related articles by Zemanta Pervasis Therapeutics Secures $10M in New Financing (xconomy.com) Polaris to Open Dog Patch Labs Incubator in Cambridge (xconomy.com) 1366 Technologies launches solar cell with record efficiencies (green.venturebeat.com) Four Boston Sta...
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In 2010 the UK government will set up a Feed-in Tariff to help promote solar power and reduce carbon dioxide emissions . The Feed-in Tariff will help reduce global warming , boost UK clean-tech jobs andreward people for installing solar power.It is important the Feed-in Tariff is set at the correct rate. If it's too low the potential for a massive increase in the UK's solar energy could be lost, and we could be left behind the rest of Europe . We Support Solar is working to highlight the value of solar PV in the UK and to ensure the Government sets an appropriate rate for the solar Feed-in Tariff to ensure a clean, renewable future for generations to come. You can find out more about the campaign here: http://wesupportsolar.net/ Related articles by Zemanta Green feed-in tariff needs to maximise solar power (guardian.co.uk) Green energy overtakes fossil fuel investment (guardian.co.uk) Laser-based manufacturing can give solar power a boost (energyrefuge.co...