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Posts Tagged ‘cleantech’

Clean technology investors move towards funding mature firms, technology boutique says

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.

Read More | Comments (0) | Asia, Europe, North America, companies, energy efficiency

Capricorn Venture Partners adds to cleantech investment team

Capricorn Venture Partners investment team has appointed Dr Ir Johan Reynaert as investment manager for its Capricorn Cleantech Fund.

Read More | Comments (0) | Europe, companies, energy efficiency

Siemens Venture Capital invests $50m in Deutsche Bank Masdar Clean Tech Fund

Following Siemens’ previous $25m investment in the first Masdar Clean Tech Fund in 2007, Siemens Venture Capital (SVC) is to invest $50m in the Deutsche Bank Masdar Clean Tech Fund that is being set up by Masdar and Deutsche Bank.

Read More | Comments (1) | Europe, Middle East, deals, energy efficiency

Value of cleantech deals drops below 2006 levels

The total value of clean technology venture investments in North America, Europe, China and India in 2009 fell 33 per cent from over $8.4bn in 2008 to a total of $5.6bn in 2009, according to a new report.

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Global Environment Fund and Indian Yes Bank target $200m cleantech fund

India’s Yes Bank and US private equity investor Global Environment Fund (GEF) are set to raise a $200m cleantech private equity fund, according to reports.

Read More | Comments (0) | Asia, North America, deals, energy efficiency

New Enterprise Associates closes biggest VC fund since 2007 with $2.5bn

New Enterprise Associates, one of the world’s largest venture capital firms and an investor in clean technologies, has closed its thirteenth fund with almost $2.5bn in capital commitments, making it the largest venture-focused private equity vehicle to be raised since 2007. The fund represents 17 per cent of all US venture capital funds raised in 2009, and brings NEA’s total committed capital to $11bn.

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Majority of venture capitalists predict growth in cleantech sector

Venture capitalists are optimistic about the future of cleantech investments, investments in late stage companies and ongoing investment opportunities overseas, according to the National Venture Capital Association’s (NVCA) annual predictions survey.

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Bostonia Partners and Weston Solutions partner for government-sponsored clean energy projects

Weston Solutions has established a partnership agreement with US financial group Bostonia Partners as its finance partner to pursue the development, construction, operations and financing of government-sponsored renewable energy projects.

Read More | Comments (0) | North America, companies, energy efficiency

EnviroResolutions appoints Kelvin Campbell as senior engineer

British Columbia-based cleantech manufacturer EnviroResolutions has appointed Kelvin Campbell as the company’s senior engineer.

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Swiss cleantech company Pure Klimaschutz receives cash injection following IPO

Cleantech Invest’s portfolio company Pure Klimaschutz has received a CHF1.3m (£0.77m) capital injection following its recent IPO on the Berne Stock Exchange.

Read More | Comments (0) | Europe, deals, energy efficiency

US cleantech incubator CleanLaunch appoints finance director

Colorado cleantech incubator CleanLaunch has hired Brewster Boyd as its director of finance.

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Tatum appoints former cleantech CFO to lead its renewable energy consulting practice

US consulting firm Tatum has appointed Daniel Dwight to lead the firm’s growth in the fields of clean technology and renewable energy. Dwight is to assume the roles of partner and cleantech and renewable energy segment leader with responsibility for managing the firm’s cleantech and renewable energy consulting practice, while also providing strategic, operational and financial leadership experience to clients.

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Senior venture capitalists at The Founders Club launch first reverse venture capital fund

Fourteen senior venture capitalists have joined forces to establish The Founders Club, which has launched the Technology & Cleantech fund, the first reverse venture capital fund to enable CEOs and founders to use their shares and stock options to become limited partner investors.

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Clean Technology Conference & Expo, 21-25 June 2010, California

Title: Clean Technology Conference & Expo, 21-25 June 2010, California
Location: United States
Organizer: Tradefair
Event Website: Click here
Description: Clean Technology Conference & Expo is the largest US Conference & Expo focused on technology innovation for global sustainability.
Now in its 4th year the 2009 edition saw global participation from 5,000 attendees from over 50 countries.
The event covers sustainable [...]

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Rise in private capital cleantech funding expected in 2010

A growth in private capital funding is expected in the cleantech sector in 2010, according to a new report. Global venture and private equity investment in the sector is predicted to exceed 2009 with general partner fundraising also set peak in 2010.

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Clean Energy Fuels wins contract to design and build compressed natural gas fuel station

New Jersey-based waste and recycling services authority Atlantic County Utilities Authority has awarded Nasdaq-listed Clean Energy Fuels a contract to design, build, and maintain a new public access compressed natural gas fuel station.

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Biomass group DP CleanTech accredited by Bejing Municipal Government

Chinese biomass company DP CleanTech has been accredited as a high and new technology enterprise by the Beijing Municipal Government, issued jointly by the Ministry of Science and Technology, the Ministry of Finance and State Administration of Taxation.

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Industry leaders predict 12 months of difficulty in the cleantech sector

Industry leaders have predicted 12 months of difficulty in the clean technology sector, leading to a road to recovery in 2011.

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Intelligent Energy appoints founder of Advanced Energy Systems as its US vice president

Clean power systems company Intelligent Energy has appointed Leonard Devanna as its new vice president of US operations.

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CleanTech North launches to assist Canadian cleantech start-ups

A consortium of industry experts have launched CleanTech North, an organisation focused on helping early-stage Canadian cleantech companies.

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Report predicts rapid growth of cleantech sector

The Clean Technology Initiation report by PSQ Analytics claims that whilst sought after sectors are seen losing ground, the clean technology sector is rising on the investment horizon.

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Venture capital firm Mountain Cleantech adds to investment team

Cleantech-focused venture capital firm Mountain Cleantech has added to its investment team with the addition of Daniel Koppelkamm and Gabriel J Meurer.

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Prithvi Sustainability Innovation and Technology Fund targets $150m for Indian cleantech investments

The Prithvi Sustainability Innovation and Technology Fund has launched with a target of $150m for investments in the Indian cleantech space, according to reports. The fund expects to hold a first closing by January on $100m.

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US DOE’s Net Metering contest challenges universities to create zero energy consumption solar-powered houses

The US Department of Energy’s (DOE) Solar Decathlon, which challenges 20 colleges and universities to design, build and operate an energy-efficient solar-powered house, is launching the Net Metering contest.

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Cleantech-focused private equity firm Demeter Partners adds to German operations with new hire

Demeter Partners, a European cleantech-focused private equity firm, has bolstered its operations with the addition of Detlef Steinmann as an investment director in its Berlin office.

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Billionaire Soros to invest $1bn in clean energy technology

Hungarian-born billionaire George Soros has announced that he will invest over £1bn in clean energy technology and set up a Climate Change Initiative to be launched in Berlin in November.

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Cleantech venture capital firm Emerald Technology Ventures adds Whitney Rockley, promotes Charles Vaslet to its partner team

Cleantech venture capital firm Emerald Technology Ventures, has added to the firm’s General Partnership. Whitney Rockley comes to Emerald with a strong cleantech venture capital track record as well as industrial technology operations experience.

Read More | Comments (3) | Europe, companies

Hara raises $14m in Series B funding to meet accelerating global market opportunity

California-based environmental and energy management software provider Hara has secured $14m in Series B venture funding. Venture capital investor JAFCO Ventures led the round, with participation from Nth Power and existing investor Kleiner Perkins Caufield & Byers.

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Tech-focused venture capital firm Wellington Partners appoints Christian Reitberger as partner

Wellington Partners, a European tech-focused venture capital firm, has taken on Christian Reitberger as the sixth partner in the technology team. Christian will together with Bart Markus focus on extending Wellington Partners’ cleantech commitment.

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Icos Capital invests in Delft University of Technology’s clean water spin-off BiAqua

Dutch cleantech investor Icos Capital will invest in Delft University of Technology’s spin-off BiAqua.

Read More | Comments (0) | Europe, deals, water

Venture capital firm Khosla Ventures launches two new cleantech funds

California-based venture capital firm Khosla Ventures has launched two news funds, Khosla Ventures III and Khosla Ventures Seed, which together have raised in excess of $1bn.

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Gulf countries exploring alternative energy sources as world prepares for $45tn renewable energy investment

The Gulf region is exploring alternative sources of energy as the world braces itself for $45tn in renewable investments over the next 40 years to balance energy options, according to reports.

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UK business bosses tip cleantech, technology and media to be three highest growth sectors by 2020

Cleantech and renewables are expected to become two of the most important sectors of the economy, according to a survey of UK business leaders, commissioned by the department for Business Innovation and Skills.

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US Department of Energy announces nearly $300m in Clean Cities grants for clean fuels, transport and infrastructure projects

US Energy Secretary Steven Chu has selected 25 cost-share projects under the Clean Cities programme that will be funded with nearly $300m from the American Recovery and Reinvestment Act.

Read More | Comments (0) | North America, policy

Venture capital cleantech fund Cleantech Invest reports a rise in six monthly financial results

Cleantech Invest AG, a stock exchange listed Venture Capital fund focusing on clean technologies spanning the German-speaking region, has posted its financial results for the first half of fiscal year 2009, showing a rise from the previous year.

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GE Energy sign $45m contract to service gas turbines at the DUBAL production complex

Renewable energy technology developers GE Energy has signed a multi-year service contract worth $45m with the Dubai Aluminium Company (DUBAL) to maximise the reliability and overall performance of 19 GE Energy gas turbines that power the DUBAL production complex.

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Cleantech startup ION Engineering appoints Claude Corkadel III executive vice president of operations

Clean-tech startup ION Engineering has appointed Claude C “Corky” Corkadel III executive vice president of operations.

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NewNet Investor Profile: Vivek Tandon, Aloe Group

Vivek Tandon discusses the importance of strong management, why he feels the recycling sector is underveloped, and the opportunities for investment in Asia.

‘Whereas previously our model was taking a lot of European companies into Asia and expanding in that way, in the future I see it going the other way. Great technology developed in Asia and companies doing very well in Asia will acquire European companies and expand into Europe, even if there is a global slowdown.’

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Zebasolar’s Indian subsidiary awarded 10MW PV power station in the state of Gujarat

New Jersey-based solar farm developer, Zebasolar has been chosen as one of the allotted companies to provide a 10MW solar photovoltaic power station for India’s first major allocation of solar farms in the state of Gujarat.

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Nevada Geothermal Power completes construction of geothermal power plant at Blue Mountain

Nevada Geothermal Power (NGP), a US-based geothermal energy developer said construction of its 49.5MW Blue Mountain ‘Faulkner 1′ geothermal power plant has been completed.

Read More | Comments (1) | North America, geothermal

IFC considers $20m investment in South Asia Clean Energy Fund

The South Asia Clean Energy Fund will primarily invest in Indian companies, but up to a quarter may be invested in Sri Lanka, Bangladesh and Nepal.

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Hyundai Heavy Industries orders initial wind turbine systems from AMSC

American Superconductor Corporation (AMSC), an alternative energy technology solutions provider, has received an initial order for 17 sets of full wind turbine electrical systems from South Korea’s Hyundai Heavy Industries (HHI).

Read More | Comments (0) | Asia, companies, deals, wind

North-Western United States’ wind power reaches milestone on Bonneville Power Administration system

In early August, for the first time, US energy utility Bonneville Power Administration’s (BPA) transmission grid reached a milestone, carrying more than 2,000MW of wind power for more than an hour. This doubles the peak of 1,000MW recorded in January 2008, according to a statement.
BPA a not-for-profit federal electric utility that operates a high-voltage transmission [...]

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Venture capital firm New Enterprise Associates appoints PM Pai to energy team

New Enterprise Associates, a global venture capital firm, has appointed PM Pai as venture partner.

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Energy Composites Corp fails to hit second quarter revenue targets

Energy Composites Corporation, a provider of composites-based solutions to the clean-tech sector, failed to reach its quarterly revenue targets, despite an increase of 18.1 per cent in revenues for the three month period compared to the previous year.

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Helius Energy in biomass joint venture to bring green whisky to Scotland

London-based Helius Energy and Scotland’s Combination of Rothes Distillers (CoRD) have entered into a joint venture, Helius CoRDe, to build and operate a renewable energy plant to help reduce the carbon footprint of the whisky industry on Speyside, Scotland.
The proposed £50m project will use whisky distillery by-products to fuel a 7.2MW biomass combined heat and [...]

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Australian geothermal company Petratherm strikes agreement with Spanish federal and regional governments

Petratherm, which is based in Adelaide, Australia and has geothermal operations in China, has entered into a cooperative agreement with the Spanish federal and Madrid regional governments to develop the company’s 8MW Madrid geothermal district heat project.
According to Petratherm’s managing director Terry Kallis, ‘The Madrid GDH project is planned to be the first application of [...]

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Green VC Battery Ventures hires Goodwin Procter’s Lizette Pérez-Deisboeck

Boston-based Battery Ventures, a venture capital and private equity firm with interests in clean technology, has hired Lizette Pérez-Deisboeck as general counsel in the firm’s Massachusetts office.

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NewNet Investor Profile: Gijsbert Nollen, Prime Energy Investments

Gijsbert Nollen discusses the opportunities for clean energy investments in Southeast Asia, why he is turned off by biofuels, and what the future holds for the region.

‘If the past two years is any precedent more and more Asian domestic companies will be established developing and refining their technologies in the bioenergy sector and ramping up development. The real success stories will be centered around locally adapted and developed technologies and research and local business entrepreneurs.’

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Applied Materials shows rise in net sales during third quarter fiscal year 2009

Applied Materials, a developer of products for the solar industry, posted financial results for its third fiscal quarter ended 26 July, 2009, showing a rise in net sales from the second quarter.

Read More | Comments (0) | North America, companies, solar