Walmart, Folgers Share Compost Farm
28 Jun 2010, posted by admin 1 Comments
With $500,000 and 10 acres of land you may want to start your own Commercial Composting business.
By Laura Baverman of the Cincinnati Enquirer
Marvin Duren started composting 35 years ago because it was good for the environment
Today, he’s helping Walmart do the same.
The owner of Marvin’s Organic Gardens in Lebanon won a contract from the world’s largest retailer to compost food waste from as many as 160 of its stores in Ohio. It’s a major feat for the organic farmer, who founded the 75-acre operation in 1999 with a plan to dedicate one third of his land to composting. (more…)
Tesla Motors Confident in an Electrifying IPO
28 Jun 2010, posted by admin 0 CommentsWith only ONE operable prototype of it’s new sedan, 12 dealerships and NO final design or manufacturing process, Tesla Motors still has high hopes as it offers public shares for the first time tomorrow.
more from CNNMoney.com staff writer David Goldman:
Tesla Motors will offer up its shares to the public for the first time on Tuesday, testing investors’ faith in a company that has proven it can make functional and stunning electric cars but has never had a profitable quarter.
PayPal founder Elon Musk’s seven-year old auto company lost $55.7 million last year and $260.7 million since its inception. The company has performed so poorly from a financial standpoint that Musk recently said he lost his entire personal fortune on Tesla.
But investors are giddy about the Palo Alto, Calif.-based automaker’s initial public offering, prompting Tesla on Monday to increase the number of shares it plans to offer by nearly a fifth to 13.3 million. (more…)
Scientific Conservation Inc. gets the green – cash that is
23 Jun 2010, posted by Chathri Munasinghe 1 Comments
Sometimes all you need is a little green in the form of new funding. Just this week Scientific Conservation Inc. (SCI), a leading provider of energy efficiency and system optimization today announced The Westly Group has joined Draper Fisher Jurvetson (DFJ) as part of a Series A investment totaling $9M. It’s a big move to further help commercial buildings around the globe significantly reduce their carbon footprint and consume far less energy.
Why did the high profile venture capitalist company, which previously invested in Skype, Yahoo, and Hotmail, become interested in SCI? Well, they’re working with companies like Neiman Marcus to oversee the engineering, energy management, sustainability, environmental/regulatory compliance and system-wide maintenance for their retail properties. In doing so Neiman Marcus moved forward in deploying the latest in building automation and control systems at its facilities to capture critical performance data from key mechanical, electrical and HVAC systems in order to operate its properties as efficiently and error-free as possible.
As an avid fashionista, I’m happy to see a company like Neiman Marcus taking the step to operate more efficiently on the back end. Let’s hope DFJ’s pick pays off as SCI helps more companies penetrate the global clean tech industry.