Archived Posts from this Category
Archived Posts from this Category
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.
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.
…but it’s no where near even a single % point of daily oil expenditures…so far to go, so little time…
Cnet News reports on two recent fundings:
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…
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.
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.
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!
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…
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/.