Fuel-cell maker Bloom stores away $17M
Bloom Energy, the fairly stealthy maker of bio and hydrogen fuel cells, says it has raised $16.8 million of what it hopes will be a $200 million private equity offering, reports VentureWire. This is an ambitious goal in the current economy, but I suppose being Kleiner Perkins’ first green investment has afforded the Sunnyvale, Calif. company a certain amount of swagger.
It announced its intention to raise $150 million back in late February, saying that it… Continue Reading
Bloom Energy eyes $150M to commercialize hydrogen fuel cells
Bloom Energy, developer of fuel cell technology capable of deriving energy from a wide range of fuels, announced that it plans to raise $150 million in sixth-round capital to establish a market for its product — which has yet to launch. The Sunnyvale, Calif. company says it has booked most of this funding with Advanced Equities Investment. It has been valued at $1.45 billion.
Bloom says it expects to bring in billions of dollars in revenue… Continue Reading
Reason for Kleiner’s start in clean-tech: Bill Joy’s luxury boat
Newsweek has a good story about how big-name Silicon Valley venture capital firm Kleiner Perkins fell for clean tech.
It took several steps, but the ironic obsession by new partner Bill Joy with his $50 million 190-foot superyacht is what put it into high-gear:
…Joy was already deeply interested in alternative energy, ironically thanks to an indulgence of the über-wealthy. Since 2004, he has spent tens of millions to build what he describes as the world’s most… Continue Reading