BRYAN CLARK for TheNextWeb: Part of its ‘Road to Tomorrow Initiative,’ Missouri’s Department of Transportation is teaming with Solar Roadways, an Idaho-based startup (seriously, what’s going on in Idaho?) to cover an undetermined length of Historic Route 66 with road-ready solar panels.
Blair also told The Star that the bulk of its efforts will be crowdfunded. After receiving a $100,000 grant from the Federal Highway Administration to build a prototype, and a pair of $750,000 research grants from the US Department of Transportation, the group has raised more than $2 million of its own to complete the project through acrowdfunding campaign on Indiegogo.
Solar Roadways’ panels are tempered safety glass that are as strong as they are efficient. In addition to harnessing energy from the sun, they also come with LED lighting to effectively replace road lines and signage. While obviously more expensive to install upfront, the panels do have the benefit of being completely modular, which would allow for quick and cheap repairs by just swapping out the broken panels rather than re-paving entire stretches of road. Cont'd...
The United States is Expected to Deploy 77.3 GW of Distributed Renewables Between 2016 and 2025, According to Navigant Research
Johana Bhuiyan for Recode: Tesla’s board of directors has just sent an offer to acquire SolarCity to the company’s CEO. In other words, the electric car company Elon Musk is the CEO of just offered to buy the solar company Elon Musk is the chairman of.
In the letter, sent to SolarCity co-founder and CEO Lyndon Rive, Tesla’s board of directors offered to buy all of SolarCity’s remaining common stock in exchange for Tesla’s common shares. That’s $26.50 to $28.50 a share, according to the board.
The stock-for-stock deal amounts to about $2.8 billion based on where Tesla stock was trading before the proposal was announced.
As of yesterday, Musk personally owns 22,160,370 shares of SolarCity. So if the respective boards of each company approves the acquisition, Musk would personally reap $587,249,805 to $631,570,545.
Tesla’s move to acquire the solar company will help Musk in his goal of accelerating the world’s transition to using completely sustainable fuels in transportation. Cont'd...
Records 361 to 375 of 2336