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Tag Archives: Stion

State gives $125 million in assistance

Solar panel manufacturers Twin Creeks Technologies and Stion were recruited to the state by the Mississippi Development Authority (MDA), and the projects received loans of $50 million and $75 million, respectively. >>See complete story

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State gives $125 million in assistance

Solar panel manufacturers Twin Creeks Technologies and Stion were recruited to the state by the Mississippi Development Authority (MDA), and the projects received loans of $50 million and $75 million, respectively. Twin Creeks Technologies package According to MDA, the state provided $50 million in loan assistance through the Mississippi Major Economic Impact Authority (MMEIA) to support the Twin Creeks project. ...

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Khosla: MS green energy start-ups have 90% chance of failure

By Amy McCullough Vinod Khosla, founder of Khosla Ventures, says Mississippi’s green energy start-ups have a 90 percent chance of failing. That means Stion, Soladigm and KiOR, all of which are backed by Khosla Ventures, and all of which have been allocated tens of millions of dollars by the Mississippi Legislature, are very likely to fail. At least that’s what ...

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Khosla fires back at Wall Street Journal

By Amy McCullough Quite the heated exchange on the Wall Street Journal editorial page between the editors and venture capitalist Vinod Khosla. In a previous editorial, “The Range Fuels Fiasco,” the WSJ used Khosla’s failed Range Fuels business to say that government shouldn’t get involved with startups. (WSJ is now locked down. Most of the editorial can be found at ...

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WSJ: Learn from Khosla-backed energy startups that tanked

By Amy McCullough See related story “Good Idea or Not?” and blog post “Haley Barbour and Khosla Ventures.“ A Wall Street Journal Feb. 10 “Review & Outlook” column (“The Range Fuels Fiasco“) details failed energy startups backed by Vinod Khosla of Khosla Ventures. Khosla Ventures, along with other investors, is backing three green energy startups to which Mississippi has pledge ...

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Haley Barbour and Khosla Ventures

By Amy McCullough Gov. Haley Barbour and a venture capital firm backing three of the most recent green energy startups purchased by the state of Mississippi will both be speaking at a California energy conference for high-rollers hosted by the editors of The Wall Street Journal. ECO:nomics “will bring together the world’s top CEOs, policymakers, entrepreneurs and industry experts to ...

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Good idea or not?

See related Feb. 4 Business Blog post, ‘Haley Barbour and Khosla Ventures’ and Feb. 11 post, ‘WSJ: Learned from Khosla-backed energy startups that tanked.’ State leaders agree that affordable and reliable energy is essential for Mississippi’s future economic growth. Gov. Haley Barbour has said his energy policy is “more of it” and has aggressively promoted hefty incentive packages to a ...

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1,000 JOBS

Gov. Haley Barbour stuck another advanced-manufacturing feather in his job-creation cap last week when a California-based company announced it intends to produce solar panels in Hattiesburg. Stion Corp. said it would operate out of the old Sunbeam building, invest $500 million into the venture and create 1,000 jobs in the Pine Belt region the next six years. Stion officials joined ...

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