TrendSetter Solar Products, Inc. (PINKSHEETS: TSSP) today announced that the California Solar Initiative (CSI), passed August 24th, 2006 by the California Public Utilities Commission, spells an opportunity for TrendSetter Solar Products, Inc. Of the $3.2 billion funding approved, CSI has set aside $100 million which is dedicated to Solar thermal renewable energy solutions.

Dirk Atkinson, CEO of Trendsetter, said, “The San Diego Regional Energy Office (SDREO) is charged with developing a pilot program for the implementation and compliance of Solar thermal renewable energy systems that will be eligible for the funds set aside by the CSI. We at TrendSetter Solar Products, Inc. see this as an opportunity and are actively working with the SDREO towards participation in the program.” Read the rest of this entry »

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Funding Will Facilitate Acceleration of Nuclear Solutions’ Multiple Ethanol Production Projects

Nuclear Solutions, Inc. (OTCBB: NSOL) has entered into an agreement with Access Capital Investment Group, Inc., an institutional leader of non-bank funding for growing businesses, to assist in securing working capital.

Nuclear Solutions seeks funding to accelerate its synthetic ethanol production projects and other groundbreaking initiatives in bio-ethanol production. The company plans to use the funds to move forward with the planning, site design, and engineering of these planned ethanol production projects. Read the rest of this entry »

Project in eastern Indiana needs to raise at least $45 million

WINCHESTER, Ind. (AP) – Developers of a $150 million Randolph County ethanol plant will solicit potential investors during meetings in dozens of Indiana and Ohio locations beginning next week.

Cardinal Ethanol’s goal is to raise 45 percent of the project’s cost, $67.7 million, from investors. The project needs to raise at least $45 million from investors to proceed. The rest will be funded by debt financing, grants, bond financing and other incentives. Read the rest of this entry »

ST. LOUIS, July 6 /PRNewswire-FirstCall/ — Zoltek Companies, Inc. (Nasdq: ZOLT) reported today that it had received an additional $2.5 million of funding today under the previously announced amendment to its existing convertible financing facility of up to $60 million with institutional investors. Zoltek now has received a total of $52.5 million under this arrangement. The financing package is expected to provide a portion of the financial resources required to enable the Company to execute its planned expansion of its worldwide rated carbon fiber productive capacity. Read the rest of this entry »

ST. LOUIS–(BUSINESS WIRE)–July 5, 2006–Solar Night Industries, Inc. (OTC Pink Sheets: SLND), a solar solutions company for consumers, commercial, industrial and governmental customers, announced today that it has entered into a $1 million financing agreement in the form of callable secured convertible notes, from various accredited and institutional investors. The financing includes a funding of an aggregate amount of $500,000 upon the entry into the financing agreement, and an additional funding of $200,000 and $300,000 to be provided upon the satisfaction of certain conditions pursuant to the requirements of the Registration Rights Agreement. The 6% notes have a three year term and are convertible into common stock. Read the rest of this entry »

June 29 (Bloomberg) — SolFocus sounds like a typical Silicon Valley startup: Eight employees, big ideas — and zero profit. Yet in mid-May, the phones at the eight-month-old company wouldn’t stop ringing.

The callers were venture capitalists, and they were dangling millions of dollars in front of the Palo Alto, California-based solar panel maker. Ty Jagerson, vice president of business development, says as soon as he’d start talking to one VC, another would call offering money. Read the rest of this entry »