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Intel Actively Looking At More Cleantech Deals



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Intel Actively Looking At More Cleantech Deals


Reuters, 31-Jul-09, By Poornima Gupta

SAN FRANCISCO - Intel Corp's global investment arm Intel Capital is actively looking at additional investments in cleantech companies and could announce more deals this year, a senior executive said on Wednesday.

"We are actively looking at companies," said Steve Eichenlaub, head of Intel Capital's cleantech investments.

"In this environment where a lot of venture capitalists had to pull back, for whatever reason, ... we are seeing more companies come our way as our doors are open," he added.

Intel Capital said earlier on Wednesday that it has invested about $10 million in five cleantech companies, including energy efficiency company CPower and Grid Net, which builds software for smart meters.

Intel's investment comes at a time when companies in the cleantech sector are finding it difficult to raise funds due to the broad U.S. economic slowdown.

Eichenlaub said Intel Capital was looking at funding companies mainly in the area of energy storage, electric vehicles, lithium-ion batteries and smart grid technology, which measures and modifies power usage in homes and businesses, improving grid reliability.

"The smart grid space is a very active space for us and we will stay active for the foreseeable future," he said. "Another area is the electric vehicle domain.

"We are open across the entire value chain, everywhere from lithium ion batteries, all the way through to the charging infrastructure to ultimately even maybe a vehicle company," Eichenlaub added.

Cleantech, a relatively new term used to describe environment-friendly companies or services, includes everything from renewable energy, electric vehicles and energy storage to effective transmission of power.

The global investment arm of the Santa Clara-based technology giant has invested over $100 million in the cleantech sector in the last couple of years. Overall, it has funded more than $9 billion in more than 1,000 companies in 46 countries.

Cleantech ventures account for about 10 percent of investment Intel capital's annual investment, Eichenlaub said. The economic downturn is not changing its approach.

"We are definitely investing with the same metrics as ever," Eichenlaub said. "I have 25 people around the world looking at investment opportunities."

The downturn is helping Intel Capital's portfolio.

"CPower is a great example of a company that a year ago would have been harder for us to get a chance to look at," Eichenlaub said.

Intel Capital's previous high-profile cleantech investments include nearly $38 million in German solar company Sulfurcell and $50 million in a new solar cell start-up, SpectraWatt.


Let Private Firms Run Space Taxis, Panel Told


Reuters, 31-Jul-09, By Irene Klotz

CAPE CANAVERAL, Florida - The U.S. government should leave the business of launching cargo and people into Earth orbit to private commercial space transporters, members of a presidential panel said on Wednesday.

A subcommittee of the Human Space Flight Review panel said turning over transport services to the International Space Station to private firms would allow the U.S. space agency NASA to focus on new challenges, such as extending human presence beyond low-Earth orbit.

The International Space Station, a $100 billion project involving 16 nations, orbits about 225 miles above the planet.

"My God, great NASA has been to the moon and we are sort of thinking that it is a big challenge for us to continue going to (low-Earth orbit)? Let's turn it over to newcomers," Bohdan "Bo" Bejmuk, a former Boeing Co executive, told panel members.

"I think you will find out there are a lot of people who will rise and compete," Bejmuk told the meeting broadcast by NASA. "Some of them will fail, some of them will succeed, but you will have essentially created a new industry."

NASA currently spends about half of its budget -- $18 billion in the fiscal year ending September 30, 2009 -- on human space programs.

Its future plans include completing construction of the space station with seven final shuttle missions, retiring the shuttle fleet in 2010 and developing new spacecraft that can travel to the space station, the moon and other destinations.

NASA has provided seed funds for privately-funded Space Exploration Technologies (SpaceX), and Orbital Sciences Corp, to develop commercial spaceships to haul cargo to the space station.

SpaceX, founded by Internet entrepreneur Elon Musk, also has a contract option to upgrade its capsule with an escape system and other equipment needed for passenger service.

The government's own new Orion spaceship is scheduled to debut in 2015.

A review conducted for the panel by The Aerospace Corp. shows an additional two-year delay is likely based on current budget plans and the program's technical status.

The human space flight review panel, headed by former Lockheed Martin chief Norm Augustine, is scheduled to issue its report by August 31.

NASA meanwhile prepared on Wednesday for the homecoming of the shuttle Endeavour and its seven-member crew.

The astronauts used the ship's robot arm to reinspect Endeavour's heat shield to make sure it was intact for Friday's descent through the atmosphere and landing.

Touchdown is scheduled for 10:48 a.m. EDT (1448 GMT) at the Kennedy Space Center in Florida.


Caribou in peril, Ontario warned

Facing 'emergency,' province urged to halt logging, road building in threatened habitats

Toronto Star, Jul 30, 2009 04:30 AM, By Catherine Porter

The Ontario government should halt all logging and road building in endangered woodland caribou habitat, as six out of nine known populations below the 51st parallel are at risk of collapsing, environmentalists warn.

A report released today by the Wildlands League reveals the formerly pristine habitats of six caribou populations have already been disturbed by logging and wildfires to the point where they likely will no longer sustain the extremely sensitive species.

A seventh caribou range is close to the established threshold beyond which scientists say caribou become too exposed to predators and no longer reproduce sufficiently to maintain their numbers.

"We've always suspected trouble. We didn't realize it was this bad," says Anna Baggio, director of conservation with the Wildlands League, the Ontario branch of the Canadian Parks and Wilderness Society.

"We're already in emergency mode for this species," says her colleague, Trevor Hesselink, who wrote the report. "The government has to stop exacerbating the situation."

Woodland caribou are among the first species to be actively protected under Ontario's new Endangered Species Act. But the government is still developing its conservation plan and has not yet introduced habitat legislation for it that would lay out specifically where development could and could not occur. In the meantime, the province continues to issue logging permits.

Natural Resources Minister Donna Cansfield says all logging companies already have to submit plans that include caribou management. Her staff has assembled a panel of caribou scientists to develop a conservation strategy for the species.

"If there is new information out there, we are more than open to it," she said yesterday. "But I feel very confident we will have a very good strategy in place and very good regulation in place, based on good science, more research and the best advice in the world."

The caribou are considered an indicator species, reflecting the health of the boreal forest. They thrive only in untouched forest, roaming vast distances in solitude and feeding on lichen. They are extremely sensitive to development, as roads invariably bring predators, such as wolves. Once roaming as far south as Algonquin Park, their numbers have been cut in half over the past century.

"The more disturbances in an area, whether by fire or by humans, the less likely they persist," says Jim Schaefer, a professor of biology at Trent University who has studied the caribou for 25 years.

Schaefer was part of a science advisory group that produced the first large-scale national study on woodland caribou habitat for Environment Canada last year. They determined that if more than about a third of a caribou population's range is disturbed , the population will decline.




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