CleanTech OC Daily - 1/9/13
Quantum in $2.5M Contract With Santa Ana Truck Company
Lake Forest-based Quantum Fuel
Systems secured a $2.5 million contract to provide natural gas fuel-storage
systems for GreenKraft Inc., a Santa Ana-based manufacturer of commercial
trucks and automotive products. The company has a renewed focus on fuel-storage
systems and has taken a step back from other business lines. Quantum saw about
$23 million in revenue for the first three quarters last year and posted a loss
of roughly $32 million over the same period.
Boston-based Digital Lumens has raised an additional $10 million in funding to
expand into new sectors and international markets. The company has seen solid
growth in its customer base boasting 500 large-scale installations of LED lighting and control systems for industrial facilities. With LED
prices falling, there is opportunity for Digital Lumens to move in to
additional markets, like retail and utility.
Just last week, the Department of Energy named five
projects that will get a total of $10 million to find better ways to turn
biomass into transportation fuels and other products typically made from
petrochemicals. Here are the recipients, dollar amount awarded, and their
projects according to the DOE:
- J. Craig Venter Institute (up to $1.2 million;
Rockville, Maryland): This project will develop new technologies to produce
enzymes that more efficiently deconstruct biomass to make biofuel. This
work will be performed in collaboration with La Jolla, California-based
Synthetic Genomics, Inc.
- Novozymes (up to $2.5 million; Davis, California):
Through collaborative work with a team of partners, Novozymes will expand
their existing capabilities to find new sources of enzymes which can be
targeted to deliver more cost-effective solutions for deconstructing
biomass into processable components.
- Pacific Northwest National Laboratory (up to $2.4
million; Richland, Washington):
The goal of this project is to increase the production of fuel molecules
in fungi growing on lignocellulosic hydrolysate. The Pacific Northwest
National Laboratory will partner with universities and industry, including
the University of Kansas, to complete the project.
- Texas AgriLife Research (up to $2.4 million; College
Station, Texas): This project will employ state-of-the-art technology
to develop a novel and integrated platform for converting lignin, a
component of all lignocellulosic material, into biofuel precursors. The
team includes scientists from Georgia Institute of Technology, University
of British Columbia, Washington State University, and Texas A&M
University.
- Lygos (up to $1.8 million; Berkeley, California):
The overall goal of this project is to develop efficient, inexpensive
methods and tools to convert biomass into common and specialty chemicals.
This work will be performed in collaboration with San Francisco-based
TeselaGen Biotech.
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