CleanTech OC Weekly

Wednesday, March 27, 2013

Tellus Technology wins 2013 most promising innovation award at Cleantech Forum
Congratulations to Tellus Technology, a start-up based in Aliso Viejo, on their “Most Promising Innovation” award at the Cleantech Group’s Cleantech Forum in San Francisco. Tellus was among 15  of the cleantech industry's most exciting startups, competitively selected from a large pool of applicants.

With both units of Southern California Edison’s San Onofre Nuclear Generating Station (SONGS) down, prices in Southern California have risen in the past year. While usually on track with our neighbors in the north, Southern California prices have jumped 12 percent higher, according to new data from the U.S. Energy Information Administration. These cost increases are due to heavier reliance on natural gas, imports from nearby regions, and  transmission constraints.

Startup Choose Energy has announced its closed a new $4 million round of funding to help advance its web service. Choose Energy’s service enables consumers to compare prices local retail electricity plans, educate on each type of energy, and enroll them into a plan. The company’s goal is for people to find more affordable power services while using a green source of energy. Presently, about 40 percent of Choose Energy’s customers choose green energy plans.

Start-up Green Automotive Co. has secured $3 million in financing from Kodiak Capital Group LLC for business development and general corporate purposes. Green Automotive, based in Newport Beach, focuses on conversion, import and distribution of “eco-friendly” vehicles. The company made two buys last year as it aims to bring an electric bus to the North American market.

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