CLEVELAND (November 17, 2010) --- The State of California becomes a test lab next year for how consumers nationwide may react to new federal lighting efficiency laws taking effect throughout the country on January 1, 2012. Under Title 20, the Golden State's energy commission has the authority to regulate lighting products used by consumers and businesses. As a result of the commission's actions, consumers in California will start to experience the phase out of the 100-watt incandescent light bulb this coming January, a year before the rest of the country.
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Camarillo, Calif. -- November 17, 2010 -- GE Energy Financial Services, a unit of GE (NYSE: GE), has joined an $8 million funding round for CoolPlanetBioFuels, a start-up company developing a technology that converts low-grade biomass into high-grade fuel and carbon that can be sequestered. This venture capital investment was led by North Bridge Venture Partners, which had also led CoolPlanet's financing round last year. Additional financial details were not disclosed. CoolPlanet's research and development facilities are located in Camarillo, CA.
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GE Investments Increase Market Share in $20 Billion Power Grid Technology Market
Energy Storage, Utility Security, Electric Vehicle Charging Services, Energy Management Software and other Breakthroughs Tapped for Funding
* To date, 12 start-ups, emerging and established businesses, university ideas selected for investment