Green Options

The United States Department of Energy (DOE) announced yesterday that over the next three years it is ploughing $11 million into research projects to develop advanced batteries for electric cars.  The projects are also in line to benefit from a whopping $19 million in further support from the private sector.

A total of seven cutting-edge projects will focus on improving battery material performance and developing the manufacturing processes to produce them.  The ultimate aim is to reduce the cost of batteries for plug-in hybrid electric vehicles (PHEVs), one of the main financial barriers to more widespread uptake.

Having spent considerable time discussing how ecopreneurs can get a piece of the stimulus money, I was eager to read the new Green Stimulus Guide published by The Green Research Council.  A 83-page document, it summarizes all the various opportunities presented by the stimulus package.

The Guide is filled with lots of information and hundreds of links to sites where more info and funding applications can be found.

The Guide starts by explaining the American Recovery and Reinvestment Act of 2009 (ARRA) and how it breaks down. Contained within the Guide is info about Green Energy Initiatives (DOE), Tax Credits, Green Environmental Projects (EPA)  Green Transportation Initiatives (DOT), Green Building Initiatives and Green Jobs/Job Training. It provides a modest number of “tips” and information as to how to actually land stimulus money which will be helpful to many people outside the Beltway. One that stuck out to me was contained within the “How To Apply” section:

China has announced plans to take on the US head-to-head in the race to develop low emission vehicles, with a massive $2.2 billion investment in electric cars over the next three years.

The news comes hot on the heels of President Obama’s announcement of a whopping $2.4 billion investment in electric vehicles in the United States.

The Chinese government hopes that the investment will help the country to make 500,000 all-electric and hybrid vehicles a year by 2011 - and encourage organizations like city governments and airport taxi firms to enjoy subsidies of more than $70,000 on fleets of new vehicles.

Eleven government agencies participate in the Small Business Innovation Research program which makes grants to science and technology-based firms.  EPA and NSF just announced the open proposal window for applications “for small businesses to grow, add workers, and expand into new markets.”

Both programs will be accepting applications for Phase I funding. These are small grants: A total of $70,000 is available in funding for each EPA Phase I award. The NSF’s SBIR Phase I solicitation funding is $150,000 per award. One expert told me that it probably means 5 awards from EPA and 6 awards from NSF for grants ranging from $15k to $25k each.

Under Phase I, the scientific merit and technical feasibility of the proposed concept is investigated…Through this phased approach to SBIR funding, EPA can determine whether the research idea, often on high-risk advanced concepts, is technically feasible, whether the firm can do high-quality research, and whether sufficient progress has been made to justify a larger Phase II effort.

Money flowing into Canada’s government to protect the environment may actually never be going there… and nobody would know any better.

It may be a bad time to seek funding, but some cleantech investors see it as a good time to get a deal. At the Clean-Tech Investor Summit in Indian Wells, Calif., last week, Kevin Walsh, managing director of renewable energy for GE Energy Financial Services, said GE is taking advantage of the economic environment to snag good deals and is also looking at smart-grid and energy-efficiency opportunities. “We’re being opportunistic,” he said. “You’ll see more deals on the venture side in the next few months.”

[Creative Commons photo by Josh Hallett]

The Metropolitan Atlanta Rapid Transit Authority (MARTA) is $60 million in the hole - double their expected revenue shortfall for 2008. Administrators are talking about raising fares and reducing consumer services to help the transit system cope with the losses.

As credit tightens up and business conditions worsen in what has now been officially declared as a recession, small businesses that rely on funding are the first to suffer. Responding to the sharp economic downturn facing the nation, a group of seven leading nonprofits that offer lending and support services to small businesses are taking swift actions to help entrepreneurs challenged by higher costs, declining sales, and tightening credit.

The Washington Post brings to light just how big an impact Obama’s pledge will have for renewable energy companies. We’re already seeing high profile interest in funding entrepreneurs in solar, wind and alternative energy; early next year we could see a boom!

President-elect Barack Obama wants the nation to derive 10 percent of its electricity from renewable energy sources by 2012, up from 2 percent today. That comes on top of the global push for green power, making wind and solar power companies a good bet.

It’s been a rocky road for the high flying sector, recently as the credit crunch has reduced investors willingness to capitalize any company, least of all those involved in risky new ventures. But, that hasn’t stopped big names like T. Boone Pickens from investing in wind power and..

Fast money and fast movers. These are the phrases that come to mind when entrepreneurs talk about venture capital as a potential source of funding. But what if the flow of funds slowed down…way down?

The Next Generation of Sustainable Capital

The Investors’ Circle spring conference attempted to answer that question during a lively breakout session entitled “Slow Money: New Strategies for Investing in Local Food Systems.” Attended by reps from next generation investors such as SJF Ventures, Transformative Capital, and Renewal Partners, the conference blended a business pitch competition, philosophical discussions, an entrepreneur showcase, and community education in an effort to jump start the transition to a sustainable economy. Ecopreneurist writers were out in full force at the conference, with Leah Edwards blogging the “Is Organic the Next Clean Tech?” breakout session and joining in the networking events.

Slow Money: New Strategies for Investing in Local Food Systems

As part of the larger Slow Movement sweeping the cultures of food, travel, cities, and schools, Slow Money proponents seek investments and returns at the pace of sustainable business development. Slow Money panelist Greg Steltenpohl, former CEO of Odwalla and self-confessed “fast money sinner testifying before you,” advocated for the creation of new metaphors for economic growth. In the Slow Money movement, organic phrases replace academic terminology and new financial vehicles arise to form the “compost of the slow money economy.” Investors’ Circle chairman Woody Tasch expressed this transition as a study in contrasts between old and new ways of thinking:

Both for profit and non-profit businesses are led by ecopreneurs who are making the world a better place through their creative, innovative and ground-breaking enterprises. Lisa’s and my book, ECOpreneuring, features numerous “Ecopreneur Profiles” — including David Anderson, the founder and CEO of GreenOptions.com — along with many other brief summaries.

But there are millions of ecopreneurial enterprises prospering throughout the U.S. and around the world. Perhaps you’re one, too.

So, we have formed a partnership with EcoSector.com, an on-line portal serving as a unique conduit for growing the green economy, offering opportunities to share video clips, feature photographs of products or services, and display blogs.