CleanTech OC Daily - 6/15/12

Friday, June 15, 2012

After an interim leadership role, Brian Olson has been named chief executive of Irvine-based Quantum Fuel Systems Technologies Worldwide. Before taking on the new position, Olson had served as Quantum’s finance chief since 2002. Presently Quantum is refocusing solely on the automotive sector - the company supplies Anaheim-based Fisker Automotive Inc. with hybrid drive systems.

U.S. Bancorp has funded SolarCity for the sixth time which further expands the third-party ownership sector of the rooftop solar PV business. This most recent funding is the bank’s largest thus far and is enough to finance as much as $250 million in PV projects for residences, businesses and public buildings.

A team of German researchers are looking to methanol, used in the late 20th century when it gained some traction as a blend-in to gasoline, as transportation alt-fuel by packaging it as a way to use carbon dioxide. The process could help reduce the CO2 emissions by 50%.

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