Cleantech Update

Enphase Energy Inc. Announces Executive Appointment 05/18/2009 Enphase Energy Inc. announced it has secured $22.5 million in new financing, led by Madrone Capital Partners . This round of funding also includes new investor Bay Partners as well as existing investors Third Point Ventures , RockPort Capital Partners and Applied Ventures , LLC. Jamie McJunkin, General Partner of Madrone Capital Partners will join Enphase Energy's Board of Directors. Akeena Solar Inc. and Enphase Energy Inc. Announce Strategic Partnership 02/2/2009 Akeena Solar Inc. and Enphase Energy Inc . have announced a strategic partnership to develop and market Andalay solar panel systems with ordinary AC house current output instead of high voltage DC output. Andalay AC panels are expected to cost less to install and provide higher performance than ordinary DC panels. Under the agreement Akeena will purchase a minimum of 5,000 microinverters in each of 2009 and 2010, and Enphase will supply up to 100,000 micro...

Governor Bobby Jindal recently announced that he signed Louisiana House Bill 110, legislation that increases personal and corporate income tax credits for use of alternative fuel for motor vehicles, including the use of compressed natural gas (CNG.) The legislation, authored by Louisiana State Representative Jane Smith (R-Bossier City) and led by Louisiana Senator Nick Gautreaux (D-Abbeville) in the Senate, will increase economic development and investment in Louisiana by encouraging companies to use a fuel source that is clean, abundant, affordable and American. "Now with proper incentives in place, Louisiana retailers can offer CNG as an alternative fuel to consumers who take advantage of the ability to convert their car or truck or purchase a new vehicle," said Smith. The new legislation includes provisions to: Increase the existing personal or corporate income tax credit from 20% to 50% for purchase of qualified clean burning motor vehicle fuel property, including equipme...