Bull Moose Energy gets $60M for another biomass project

June 12, 2007 | Matt Marshall

Bull Moose Energy, a San Diego company developing biomass plants to provide power to San Diego Gas & Electric Co. and elsewhere, said Morgan Stanley has agreed to invest up to $60 million for the project

The announcement is here.

San Diego Gas & Electric (SDG&E), a subsidiary of Sempra Energy, has contracted with Bull Moose to purchase 20 megawatts (MW) of biomass electricity annually to help meet its goal of supplying 20 percent of its customers’ energy needs with renewable resources by 2010, Bull Moose said.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.