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12th March 2010
E.ON and ScottishPower have received funding for design and development studies as part of the competition to build one of the world’s first commercial scale carbon capture and storage (CCS) demonstration plants in the UK.
12th March 2010
The Yorkshire Forward board has committed up to £3.76m to fund drainage improvements on the Killingholme Marshes area of the South Humber Gateway to enable the development of the site into a hub for renewable energies.
12th March 2010
Seattle-based smart grid developer Powerit Solutions has completed its merger with Scandinavian counterpart, Sweden-based Diana Solutions.
12th March 2010
European venture capital firm DFJ Esprit has hired Mikko Suonenlahti, who joins the team as a senior adviser, focusing on investments in the B2B and B2C software, medtech, bio-IT and energy efficiency sectors in the Nordic region.
12th March 2010
Profits more than doubled in 2009 for trading emissions and environmental products exchange Climate Exchange, jumping to £6.8m from £2.8m in 2008, despite falling volumes on its subsidiary Chicago Climate Exchange (CCX), according to its annual fiscal results.
12th March 2010
Global energy efficiency company Eltek Valere has signed a $12m frame agreement with an international mobile operator for deliveries of hybrid power solutions, under which Eltek will provide turnkey upgrades to power solutions on at least 460 existing sites.
11th March 2010
UK clean energy investor Carbon Trust Investment has invested £3m in Oxsensis, which develops high-temperature sensors, joining a group of existing investors that include Albion Ventures and Frog Capital.
11th March 2010
Sensata Technologies, a maker of sensor and controls technology for applications including alternative fuel vehicles and solar panels, has raised $568.8m from its initial public offering, with shares to be listed on the New York Stock Exchange tomorrow.
11th March 2010
Energy major Siemens has won a €30m contract from the Dubai-based Federal Electricity and Water Authority to carry out the build and modernisation of substations in its northern emirates to improve the power supply network.
10th March 2010
Clean energy investment management firm Plane Tree Capital has appointed David Harrison as its non-executive chairman where he joins from Macquarie Infrastructure Group
10th March 2010
European Commission (EC) proposals on post-Copenhagen climate policy that suggest establishing sectoral carbon market mechanisms, outside of the scope of the UN, will undermine negotiations and lead to a volatile carbon market, a campaigning group said.
10th March 2010
Mining and natural resources company Cliffs Natural Resources has appointed James F Kirsch as a director. Kirsch also currently serves as chairman, president and chief executive officer of Ferro Corporation.
10th March 2010
NRG Energy has been selected by the US Department of Energy (DOE) to receive up to $154m, including funding from the American Recovery and Reinvestment Act (ARRA), to build a post-combustion carbon capture demonstration unit in Houston, Texas.
10th March 2010
Following the appointment of joint administrators, UK energy technology companu Disenco has been put up for sale by property and asset consultants with a view to sell within a week.
9th March 2010
Industrial power electronics company AEG Power Solutions has taken a majority stake in skytron energy. The amount of the transaction, which was paid in cash, is not being disclosed.
9th March 2010
LED lighting technology company has agreed to become an independent entity and to receive an investment from China-focused venture capital firm WI Harper Group. This infusion of capital allows the company to expand its operations in providing testing services for LED chip manufacturers across Asia, Testar said.
9th March 2010
Publically traded energy production company National Energy Services Company, has agreed to expand its operations to sell and install micro-turbines in California and the Southwestern US to residential and commercial structures.
9th March 2010
The China-Israel fund Infinity I-China has established six joint venture private equity funds throughout China to support domestic technology firms as part of its ten-year plan for the region.
9th March 2010
Sales talks between US buy-out giant Carlyle and UK private waste treatment company Shanks have broken down after the private equity firm’s 120 pence per share bid was rejected.
9th March 2010
The Asian Development Bank (ADB) is in the early stages of evaluating the potential of a clean technology-focused venture capital fund, a spokesperson told NewNet.
8th March 2010
Founding members of the Friends of the Supergrid (FOSG), a new alliance to set up an offshore infrastructure network in the North Sea, include Areva T&D, Mainstream Renewable Power and Siemens.
8th March 2010
The deployment of smart grid technology could easily be one of the leading drivers of wealth well into the next 15 years with the smart appliance market expected be five times larger than it is today, according to a new report.
5th March 2010
Clean technology investments have evolved from focusing on start-ups to those companies further along the development chain, a technology-focused corporate finance boutique told NewNet.
5th March 2010
The United Nations has selected members for a new international advisory group focused on climate change financing that will work towards mobilising funds discussed at the UN Climate Change Conference in Copenhagen last December.
4th March 2010
Brokerage and banking firm Stifel, Nicolaus & Company has appointed Shez Bandukwala as head of its cleantech investment banking team as two other former ThinkEquity bankers also join the company.
4th March 2010
Technology corporate finance boutique Clipperton Finance has appointed Mike Callow to its London office where he joins from European and North American technology growth equity investor Kennet Partners.
4th March 2010
AIM-listed technology firm Hydrodec has signed a joint venture agreement with Kobelco Eco-Solutions to exploit its environmentally sustainable technology for use in the chemical and mineral oils industries in Japan and across the East Asian market.
4th March 2010
A group of US Democrat senators have urged the Obama administration to suspend its clean energy programme under the economic stimulus package as a new report shows more than $1bn has been paid out to foreign manufacturers.
3rd March 2010
UK waste electrical and electronic equipment (WEEE) recycler environCom has opened the UK’s largest processing facility with the capacity to treat over 100,000 tonnes each year.
3rd March 2010
The UK government has launched a new green strategy setting out its plan to reduce carbon emissions produced from the household sector by 29 per cent.
3rd March 2010
Thermal processing equipment supplier BTU International said it expects first quarter net sales to reach between $15.5m and $16.5m as it reports a sales drop of more than a third in 2009 against the previous year’s figures.
3rd March 2010
One in two business leaders in the US think a lack of clarity on climate change legislation is negatively impacting the ability of the US to compete in a global market, according to a new survey of Fortune 500 companies.
3rd March 2010
Climate change is a problem private equity must address, according to the British Private Equity & Venture Capital Association (BVCA) as it welcomed a new report published by a collaboration of European investors into how to accelerate investment in a low-carbon economy.
3rd March 2010
US energy secretary Steven Chu has announced $100m of Recovery Act funding will be made available to accelerate innovation in green technology.
2nd March 2010
US renewable energy company Acciona plans to invest around €3.8bn in energy, waste management, R&D and infrastructure between 2010 and 2013, according to its latest strategic plan.
2nd March 2010
Energy efficiency company AEG Power Solutions has launched a new range of energy efficient standby power solutions for mission-critical facilities called Combination Architecture.
2nd March 2010
NYSE-listed specialty chemicals company Solutia is set to commence a $1.05bn senior secured financing to replace its existing senior secured term loan facility, due for repayment in February 2014 and its existing senior secured ABL facility due in February 2013.
2nd March 2010
US energy efficiency Shocking Technologies has closed an $8m series B financing round led by Vista Ventures. The funding round included participation from existing institutional shareholders Arch Ventures, ATA ventures, Balch Hill Capital and Vista Ventures as well as SkyLake Incuvest & Co of Korea.
2nd March 2010
The European Bank for Reconstruction and Development (EBRD) is making €90m in funding available under the existing Slovakia Sustainable Energy Finance Facility (SLOVSEFF) to ensure continuous implementation of energy efficiency and small renewable energy projects.
2nd March 2010
Renewables-focused asset manager Ludgate Environmental Fund’s share price continued to rise in 2009 to 95.5p in the fourth quarter of fiscal year, up from 94.5p in the third quarter and 93.8p in the second quarter.
2nd March 2010
UK private equity buy and build specialist Sovereign Capital Partners has invested in the £20m management buy-out of Euro Environmental Group (EEG), a Scottish based provider of drain and sewer cleaning, inspection and repair services.
2nd March 2010
ETF Venture Funds, an early stage venture capital firm that invests in innovation-driven companies in the healthcare, mobile, media and entertainment, environmental technology industries, has changed its name to SeventySix Capital.
1st March 2010
US smart grid network provider Silver Spring Networks has been tipped as the next cleantech company to list publicly through an IPO, according to reports.
1st March 2010
Researchers at the University of Central Florida’s (UCF) Advanced Materials Processing and Analysis Center have verified findings by Planar Energy that the company said could lead to cost and performance improvements in large format batteries required for practical electric vehicles.
1st March 2010
US clean power conversion and microgrid company Princeton Power Systems has appointed electrical utility veteran Stephen Morgan to its board of directors.
1st March 2010
India is to establish a clean energy fund by imposing a tax on coal produced within the country and imported from abroad, the country’s finance minister has announced, which a regional expert told NewNet is expected to generate between $500 and $550m.
26th February 2010
Canadian renewable energy developer Northland Power Income Fund reported consolidated sales in the fourth quarter of 2009 of $59.8m, while income from operations was $19.6m, which it said reflected additional sales revenue from Northland Power’s management services, the Beaver Cove chipping facility and the 128MW Jardin d’Eole wind farm that became operational in November 2009.
26th February 2010
California-based green buildings materials business CalStar Products has closed a $15m equity investment led by Nth Power, which included new investors The Westly Group and Clearpoint Capital as well as continuing investors Foundation Capital and EnerTech Capital.
26th February 2010
NYSE-listed manufacturer SPX Corporation, whose product portfolio contains energy efficient products including cooling systems for power plants, has completed the acquisition of European processing systems manufacturer Gerstenberg Schroder. The terms of the transaction were not disclosed.
26th February 2010
Euronext-listed renewable energy developer EDP Renováveis’ yearly net profits increased ten per cent in 2009 to €114m, up from €104m in 2008.
NewNet's Essential CleanTech Investor Summit was completely sold out. Over 450 investors, innovators and influencers within clean technology and renewable energy attended on the day. The Investor Summit was Europe's largest event focused around investors and deal-makers.
For more on the Summit go to: www.NewNetInvestorSummit.com
