Green investing bounces back from recession
Venture Capital investment in green technology companies has jumped to tie pre-recessionary levels, according to a new report out of Greentech Media. With $1.9 billion spread over 112 deals, this year’s third quarter trounced figures from earlier this year, signaling a stronger than anticipated comeback… Continue Reading
EnerNOC nabs $5.5M more from public sale
Leading demand response firm EnerNOC says it has brought in $5.5 million more, extending the $78.1 million sale of common stock initiated early this month. To do so, the Boston-based company sold 213,889 new shares, according to VentureWire. The money is to be used for… Continue Reading
Demand response firm Comverge heartened by slim Q2 loss
Smart meter company Comverge, one of the leading demand response firms competing with EnerNOC and CPower, reported a narrow $9.1 million loss for the second quarter ended June 30. But the company is optimistic about the results, citing a 39 percent increase in revenue since… Continue Reading
EnerNOC raises $78.1M with secondary offering
EnerNOC (ENOC.O) has sold off 3.75 million shares of common stock, with each share priced at $27. The sale would raise $101.3 million total for the demand response leader. About 625,000 of these shares (worth $17 million) are coming out of Foundation Capital’s stake in… Continue Reading
EnerNOC files for secondary offering, scales down Foundation stake
Public demand response company EnerNOC has filed to sell an additional 3.75 million shares of common stock — including shares currently owned by investor Foundation Capital, which is attempting to dial down its ownership. The Boston-based company says it plans to use the money raised… Continue Reading
Demand response co. EnerNoc lands $100M contract
EnerNoc (ENOC.O), one of the growing number of companies focused on demand response — the management and redistribution of power based on real-time changes in demand — has landed a contract with PJM Interconnection, an electricity transmission company in the mid-Atlantic region, to manage 1,000… Continue Reading
CPower snags $10.7M to reduce corporate energy use
Energy management firm CPower, which helps businesses optimize their operations while reducing their energy use (and glean financial rewards for doing so), has raised $10.68 million in a second round of capital from Mayfield Fund (in its first energy investment), among others. The New York-based… Continue Reading
EnerNoc, smart utility grid company, prices high in IPO
Boston’s EnerNOC, a company that helps manage power supply and demand on the utiliity grid priced its initial public offering at $26 a share, above its planned range of $23 to $25 a share.
It raised $95.5 million, and is just the latest clean-tech success story… Continue Reading
Green revolution rocks on, Khosla already making money
Latest green technology developments:
Vinod Khosla is rocking after barely two years — Khosla (pictured below), the Silicon Valley venture capitalist who hit it big during the telecom boom in the 1990s, turned two years ago to embrace green technoloy. We thought his outlandish bets on untested… Continue Reading