financial

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$5m Govt Investment in Biomimetic Wave Energy Project

Posted by on 09 Dec 2011 | Tagged as: biomimicry, financial

biopower

Great news for this Australian developer of bio-inspired power generation systems:

SYDNEY, Nov. 30, 2011 /PRNewswire/ — Ocean energy company, BioPower Systems (BPS), today announced that the Victorian Minister for Energy and Resources, the Hon. Michael O’Brien MP, has awarded the company conditional funding support of $5 million under the Sustainable Energy Pilot Demonstration Program.

The funding will be applied towards the $14 million pilot demonstration of the company’s 250kW bioWAVE ocean wave energy system at a grid-connected site near Port Fairy, Victoria.

Continue to full press release…

Cleantech Venture Investing Continues to Grow

Posted by on 01 Oct 2008 | Tagged as: cleantech, financial

Home
Headed in right direction:

Cleantech today posted yet another record-breaking investment quarter globally, with smart grid, thin film and algae biofuel technologies enjoying all-times highs in financing.

But observers caution that economic friction is expected to make for headwinds in the next quarter.

The third quarter brought in $2.6 billion across 158 companies in North America, Europe, India and China, bringing the year-to-date investment to $6.6 billion—surpassing investment in the sector for all of 2007 with three months to go, according to a report released today by the Cleantech Group.

Continued at Cleantech.com

…but it’s no where near even a single % point of daily oil expenditures…so far to go, so little time…


Growing Amount of Green in Green

Posted by on 25 Sep 2008 | Tagged as: financial

According to VentureBeat, local San Francisco home energy audit and retrofit company Sustainable Spaces has raised $6m. Congrats to Matt Golden and team.

Funding News: Measure & Monitise Carbon

Posted by on 21 Jul 2008 | Tagged as: financial

www.carbonflow.com

Cnet News reports on two recent fundings:

Software company Carbonetworks on Monday is expected to announce it has secured $5 million series in A financing, led by clean-tech venture firm NGEN Partners. Continued at Cnet…

CarbonFlow has raised $2.9 million in its first round of venture funding from Clean Pacific Ventures, OVP Venture Partners, and Meridian Energy Limited, a New Zealand renewable energy supplier, which is a strategic partner. Continued at Cnet…

RockPort Capital Closes $450 Million Clean-Tech Fund

Posted by on 05 Jul 2008 | Tagged as: financial

This is actually news from early June but I’m just catching up on reading – isn’t that what holidays are for?

RockPort Capital Partners recently announced the close of its third venture capital fund with commitments of over $450 million, making it one of the largest venture funds focused on clean technology investments. Continued at CleanEdge.

CleanTech Gets $500 million Boost from Kleiner Perkins

Posted by on 04 May 2008 | Tagged as: financial


In a line reminiscent of this blog’s mission, KPCB Partner John Denniston launched a new VC fund with these words: The world has embarked on the next industrial revolution.

Kleiner Perkins’ new Green Growth Fund will invest $500 million over the next two to four years in established companies that demonstrate progress in delivering clean-technology innovations, said partner John Denniston, who will co-manage the fund.

At the same time, clean-tech start-ups may join counterparts in information technology and life sciences to seek funding from Kleiner Perkins’ new $700 million KP XIII fund – the 13th in the firm’s storied 35-year history.

The Green Growth Fund comes less than six months after former Vice President Al Gore joined Menlo Park-based Kleiner Perkins as a partner.

Press Release

KPCB partner John Doerr was talking up the opportunity a year ago at TED stating that green “may be the biggest economic opportunity of the 21st century.”

This kind of money and business building methodology stands in stark contrast to my previous post on open sourcing enabling tools and technologies…but maybe not. Open source leader MySQL was acquired by Sun in January for $1B. If there ends up being a business in giving away the ‘secrets’ to sustainability, all the better!

Cleantech Funding

Posted by on 21 Feb 2008 | Tagged as: events, financial

Ahead of next weeks Cleantech Forum in San Francisco cleantech.com’s David Ehrlich reports on recent cleantech funding deals:

LED and solar power companies pick up some cash, along with deals for waste treatment, lithium ion batteries and wind power. Palo Alto, Calif.-based Ausra, Tel Aviv’s Pythagoras Solar and Cool Earth Solar in Livermore, Calif., all pulled in financing this week for team sun power, with Boulder, Colo.-based Albeo Technologies grabbing some cash for artificial lighting with its LED technology. Continued at: media.cleantech.com.

Its always good news to see cleantech companies funded – but we need to see more, a lot more…

Sidestep Recession With a Green For All Stimulus!

Posted by on 28 Jan 2008 | Tagged as: financial, ngo

Green for All

There’s an urgent call this morning from the Green For All crew:

Bottom line: Congress is about to vote on an $150 Billion economic stimulus package. That’s a LOT of CA$H on the table, and we’ve got a huge opportunity to make sure they don’t F*** it up with the same outdated, failed, and immoral economic strategies that got us into this mess. The best way to do that is to make sure we get a stimulus package that advances the Green For All vision: a clean energy economy strong enough to lift people out of poverty. The petition’s getting delivered in less than 48 hours–and we need you all to jump on it: http://salsa.democracyinaction.org/o/553/t/3751/petition.jsp?petition_KEY=892

Green For All,

YES! Put the money to work – economic stimulus for today, investment for the future. I’ve signed on and I hope will too. More information http://www.greenforall.org/.