CleanTech OC Daily - 8/6/12

Monday, August 6, 2012

The California Public Utilities Commission has approved a proposal that identifies 20 ways that electricity storage could benefit the grid and consumers. The decision sparked discussion about an energy storage mandate and how to turn California into a market for battery and other storage technologies.

According to Silicon Valley fuel cell maker Bloom Energy’s CFO, they company is “halfway there” to breaking even and becoming profitable. In their ten-year existence Bloom has raised at least $800 million, that includes the $150 million they are currently working on closing.

Itron’s CEO LeRoy Nosbaum quietly announced a $43 million project with Duke Energy that is in the early stages of development. Details of the project have not been released but they do involve Duke’s operations in Ohio and North and South Carolina.

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