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Word: solarity (lookup in dictionary) (lookup stats)
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That capital is already paying off. Revenues for companies in solar energy, wind, biofuels and fuel cells surged from $40 billion in 2005 to $55 billion in 2006, according to the research group Clean Edge. Clean energy?related companies raised over $10.3 billion in ipos in 2006, up from $4.3 billion in 2005, and hot new companies such as First Solar, whose stock jumped from $25 to $215 in the past year, are angling to become green Googles. In turn, green venture capital in the U.S. is projected to rise to $18 billion by 2010, according to Nicholas Parker...

Author: /time Magazine | Title: Gambling on Green | 12/12/2007 | See Source »

...payoff. Cracking the energy sector, with its powerful incumbent companies and forbiddingly high capital costs, requires a more patient investor. "There may be some VCs willing to finance a $100 million project plant, but most can't," says Howard Berke, a veteran tech entrepreneur and co-founder of the solar company Konarka. "It could mean a longer [wait] for returns than what early-stage venture capitalists are accustomed...

Author: /time Magazine | Title: Gambling on Green | 12/12/2007 | See Source »

...escaped notice that clean tech has yet to produce a bank-breaking success like Netscape, which made Kleiner Perkins a fortune. "Everybody with a dollar thinks they're a clean-tech investor now," says Foundation Capital's Grosser. "A ton of people could lose a lot of money on solar or biofuels." But defenders point out that the burgeoning energy needs of China and India mean that oil prices are unlikely to fall to previous levels, while the political push to put a higher price on fossil fuels through emissions caps or a carbon tax will make renewables a neccesity...

Author: /time Magazine | Title: Gambling on Green | 12/12/2007 | See Source »

...upon themselves to deliver a quantum leap forward. Google’s philanthropic arm, Google.org promised to produce enough energy to power a city the size of San Francisco, one gigawatt, in the coming years, according to the New York Times. They have teamed with two firms to develop solar energy based on heat generation—which has the potential for greater energy production than photovoltaic cells—and to harvest the abundant energy of high-altitude winds. Google’s goal is to bring the cost of its renewable energy below that of today?...

Author: By Jonathan B. Steinman | Title: Leaps Forward | 12/10/2007 | See Source »

...airport spy thriller, except for the primers in quantum mechanics and cognitive psychology, plus some intellectually ambitious musings on sex (the book has lots of it), memory and the uses of history. Though Verhaeghen has been writing novels for more than a decade, fiction is not his primary solar system. He is a cognitive psychologist of some renown, newly relocated from Syracuse University to Atlanta's Georgia Tech. Most of his writings appear in such journals as Neuroscience & Biobehavioral Reviews, with enticing titles like "Aging and the Stroop Effect: A Meta-Analysis." He wrote Omega Minor in his spare time...

Author: /time Magazine | Title: Hot Fusion: Omega Minor | 12/5/2007 | See Source »

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