Posts Tagged ‘cleantech’

16 June 2009

NewNet Investor Profile: Raj Atluru, Draper Fisher Jurvetsonp

Raj Atluru discusses why hybridisation is the technology to watch, the effects of the American Recovery and Reinvestment Act on cleantech investment and why he believes the US will emerge with the biggest winners. 'The ongoing policy frameworks supporting cleantech companies, coupled with enormous demand drivers gives young companies a fantastic platform on which to succeed and build very valuable companies.'

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16 June 2009

Venture capital-backed intelligent lighting company HID Laboratories unveils new high efficiency smart lighting platform

Venture capital-backed intelligent lighting company HID Laboratories unveils new high efficiency smart lighting platform

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16 June 2009

US alternative energy technologies company UQM Technologies announces $2.77m in military orders

UQM Technologies, Inc., a developer of alternative energy technologies, has received orders from military customers totaling $2.77m over the past three months. The orders were for propulsion systems, generators and funded engineering activities.

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16 June 2009

US cleantech company GridPoint releases new smart grid platform

US smart grid company GridPoint, Inc. has released GridPoint Platform 3.0, a standards-based open platform that provides utilities with an intelligent network to manage and control distributed energy resources.

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16 June 2009

US cleantech company Veeco announces senior management changes

Veeco Instruments, Inc. has announced a number of changes to its senior management team. Jack Rein, the company's CFO is to retire, with a replacement yet to be named.

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16 June 2009

FTSE creates new low carbon investment tools

FTSE has launched new capital investment tools to help investors identify and gain exposure to the environmental technology sector.

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15 June 2009

Energy storage technology company Beacon Power awarded $2m to support deployment of New York flywheel plant

Energy storage technology company Beacon Power Corporation has been selected by the New York State Energy Research and Development Authority (NYSERDA) for a project award valued at $2m. The award would provide partial funding for 1MW of flywheel energy storage in Stephentown, New York - the first of 20MW that Beacon expects to build and operate on the site.

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12 June 2009

Private equity-backed waste water company Ostara opens US treatment facility

Waste water technology company Ostara Nutrient Recovery Technologies has opened the first waste water treatment facility in the US to incorporate its technology on a commercial scale. The company is backed by Frog Capital, the London-based private equity firm that invests growth capital in cleantech and ICT businesses.

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10 June 2009

UK smart grid technology company AlertMe.com secures £8m in venture capital

AlertMe.com, a provider of smart energy saving systems for homes, has secured £8m in Series B funding by cleantech and renewable energy-focused venture capital investors Good Energies, Index Ventures, SET Venture Partners and VantagePoint Venture Partners. The financing will enable AlertMe.com to extend its product development programme, continue to ramp up its distribution strategy and to expand the existing team, the company said.

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10 June 2009

US cleantech investor Iron Capital acquires EnviroTech Capital to bolster investment in the sector

US cleantech investor Iron Capital has acquired EnviroTech Capital, a research, investment and consulting practice focused on clean technology.

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10 June 2009

Energy efficient lighting company Metrolight closes additional $3m in fundraising, appoints Zvi Segal as CEO

Energy efficient lighting company Metrolight has closed an additional fundraising of about $3m from existing Metrolight shareholders including Virgin Green Funds, Gemini Israel Funds, Israel Cleantech Ventures and other investors, founders and private angels. The Israeli company has also appointed Zvi Segal as CEO.

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10 June 2009

Clean water technology company AquaGenesis closes Series A venture financing round

Clean water technology company AquaGenesis, Inc. has closed a Series A private financing led by US cleantech venture capital fund Clean Pacific Ventures. The size of the investment was not disclosed. The financing will enable AquaGenesis to enter the residential and commercial water treatment and conditioning markets, the company said.

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9 June 2009

Germany-based thin film thermoelectric company Micropelt appoints Wladimir Punt as vice president

Germany-based thin film thermoelectric company Micropelt has appointed Wladimir Punt as vice president of sales and marketing. Punt will drive the growth of Micropelt's technology in thermogenerators, thermoelectric coolers and fast thermal sensors for use in the developing fields of thermal energy harvesting, active micro-cooling, and fast thermal sensing and cycling.

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9 June 2009

NewNet Investor Profile: Erik Straser, Mohr Davidow Venturesp

Erik Straser discusses how US cleantech compares to the rest of the world, what effect the recent stimulus packages have had on the industry, and the appeal of proprietary technology. 'We are really looking for companies where there is a proprietary technology that can disrupt or dramatically change the economics. Through the application of that technology or product, our companies go on to enjoy revenue and profit.'

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8 June 2009

Algae biofuel company Solazyme closes $57m venture financing round

Algae biofuel company Solazyme, Inc. has surpassed $76m in funding, including the company's recently closed $57m Series C financing. Venture capital firms Braemar Energy Ventures and Lightspeed Venture Partners led the financing round and were joined by other new investors including VantagePoint Venture Partners. All major existing investors participated in the round, including The Roda Group, Harris and Harris Group, and Solazyme chairman Jerry Fiddler.

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8 June 2009

US cleantech company New Energy expands activities with new device for generating clean electricity from long-haul transport

New Energy Technologies, Inc., a next-generation alternative and renewable energy developer, is to expand its range of technologies for harvesting the kinetic energy of moving vehicles to generate clean electricity.

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8 June 2009

ZEPHYR Monthly Cleantech Report – May 2009p

May brought strong gains in the value of private equity and venture capital investment in cleantech companies, reversing the heavy decline witnessed in April, according to a monthly cleantech report prepared by ZEPHYR and Bureau van Dijk Electronic Publishing exclusively for NewNet.

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8 June 2009

Canadian private equity investor Cycle Capital Management holds first closing on cleantech and renewable energy fund

Montréal, Canada-based private equity fund manager Cycle Capital Management has held a first closing on its cleantech and renewable energy-focused fund Cycle Capital Fund I, on CAN$80m.

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4 June 2009

Venture capital fund Cleantech Invest posts fiscal year 2008 results

Cleantech Invest, a venture capital fund focusing on clean technologies across German-speaking countries, has posted its fiscal year 2008 results.

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4 June 2009

Venture-backed energy efficient metals company Metalysis appoints Dr Pelham Hawker as chairman of board of directors

Venture capital-backed energy efficient alloys company Metalysis has appointed Dr Hawker to the company's board of directors.

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