Steve Westly joins GreenBeat’s top-tier roster
We are thrilled to announce investor and former California state controller Steve Westly as the newest speaker for GreenBeat 2009, the seminal executive conference on the Smart Grid taking place Nov. 18 and 19 in San Mateo.
Bringing combined expertise in politics, energy and entrepreneurship, Westly is an ideal addition to the agenda. A vocal proponent of the green economy, he heads up the Westly Group, a venture firm that backs Smart Grid startup Eka Systems,… Continue Reading
Westly Group closes $120M fund for cleantech
The Westly Group, the firm founded and managed by former California state controller and financial officer Steve Westly, just closed a $120 million fund to fuel revenue-generating cleantech companies. With 13 companies already in the Menlo Park, Calif. firm’s portfolio — including crown jewel investment Tesla Motors — it will be interesting to see which ideas it chooses to back.
Electric vehicles will continue to be an area of emphasis for the firm, which also plans… Continue Reading
Eka Systems raises $18.5M for smart metering
Eka Systems, a Germantown, Maryland-based utility metering company, has completed a $18.5 million fourth round of funding, led by Flybridge Capital Partners. Returning investors included RockPort Capital Partners, The Westly Group and Metropolitan Investments.
Eka’s scalable smart networking technology allows utilities to monitor and analyze their energy consumption on a near real-time basis. It also helps them cut down on costs by preventing leaks and detecting outages.
Its submetering systems can be installed in residential and commercial… Continue Reading