A Durham company is making multimillion dollar bets on solar energy – and investors are buying into the business model.
Modern Energy recently closed on the $55.6 million Faro Energy Fund, securities filings show. And the financing is targeted at a portfolio company, Faro Energy of Brazil.
Yousef Abugarbieh, COO of Modern Energy, said the fund “is the financing to support [Faro’s] next phase of growth.”
“Modern really focuses on partnering with the developers of clean energy assets…
The system, known as NeuFuel, differs from compressed natural gas because it can be used at a lower pressure than CNG.
Elgin ISD’s board voted unanimously to reject a Chapter 313 application from Solar Proponent that company representatives said were a key determination in whether or
Real estate generates nearly 40% of global carbon dioxide emissions, contributing to rising sea levels and the increasing frequency and severity of extreme weather events
The Mountain Valley Pipeline’s Southgate Extension, a key source for future natural gas supplies in Duke Energy Corp.’s carbon reduction proposals, has withdrawn all of
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