Mayfield brings cleantech sector expert on board
Mayfield Fund announced today that it’s hired Coskata founder Todd Kimmel, a specialist in cleantech investing, to expand its portfolio of energy technology companies. Before now, the Menlo Park, Calif.-based firm has focused almost exclusively on demand-side opportunities — companies that offer ways to gauge and reduce energy consumption. The addition of Kimmel, who has experience working with renewable energy providers, will help Mayfield address the supply side of the equation, says managing director Navin… Continue Reading
Secretive Altarock latest to join rush to geothermal
A secretive Seattle geothermal technology company called Altarock Energy has raised $4 million in a first round of venture backing from high-profile Silicon Valley investors, the latest in dash by investors to tap into the earth’s heat to generate electricity.
Geothermal has been largely overlooked as a source of alternative energy in recent years, according to a study by the Massachusetts Institute of Technology, and so has become the latest darling of investors looking for areas… Continue Reading