Battelle Ventures and an affiliate fund, Innovation Valley Partners, have together invested $8 million in three cleantech energy companies: Aldis, Ampulse and Planar.
Aldis, a company that manages municipal traffic lights to significantly reduce energy costs, received $1.9 million in its first funding, alongside a commitment for the same amount based on future milestones.
Ampulse, a company spun out from Oak Ridge National Laboratory to commercialize a thin-film photovoltaic technology, received $1 million in initial funding.
Finally, Planar is a spin-off of the National Renewable Energy Laboratory. It took $1.3 million in funding, with another $2.7 commitment, to develop thin-film batteries.
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