Syngas startup Ze-gen takes $20M to torch trash
Ze-gen, a company that plans to round up waste from construction sites and turn it into gases that can be used to generate electricity, has won $20 million in funding to help build its first full-size facility.
Based in Boston, Mass., Ze-gen has been moving quickly to prove its process at a small test facility, completed in the second half of last year, and start building a larger, commercial plant.
The gasification process is a bit different… Continue Reading
VantagePoint charges up on $435M for cleantech
The clouds may have rolled in for many other sectors in today’s economy, but the sun still shines on cleantech — and VantagePoint Venture Partners in particular. The San Bruno, Calif.-based firm just landed $435 million for its second fund, reports VentureWire.
The close comes as a solid rebuttal to industry insiders’ concerns that capital might dry up for cleantech in light of plummeting oil prices. VantagePoint’s portfolio includes many names that have remained largely above… Continue Reading
Nexterra raises C$3.8M for biomass gasification
Nexterra, a Vancouver, B.C.-based developer of low cost gasification systems, has wrapped up a C$3.8 million ($3.6 million) fourth round of funding, courtesy of Calgary, Alberta-based investor ARC Financial Corp. This raises ARC’s total investment in Nexterra to well over $19 million.
The company’s gasification technology takes wood chips and other biomass waste products and converts them into clean-burning syngas (short for “synthetic gas”), which can be used to produce electricity and useable heat. The syngas… Continue Reading
Ze-Gen raises $2.5M venture debt for gasification tech
Ze-Gen is an energy company that converts municipal waste to a synthesized gas good for electricity generation.
The Boston, Mass. company sought the debt funding to finance the permitting and development fees for a new waste conversion facility.
We’ve recently written about other companies promising to turn waste into electricity, including EnerTech Environmental, which recently took $42 million for construction of a new plant.
The $2.5 million venture debt facility was provided by Pinnacle Ventures. Ze-Gen has taken… Continue Reading