EnerTech Capital has raised $75M for energy fund, slow going
EnerTech Capital has raised $75 million so far for a third venture fund targeting investments in the energy sector, according to VentureWire (subscription required).
The fund, which began raising capital in 2005, appears to be running a permanent fund-raising campaign. It wants to raise a total of $250 million. Limited partners in the new fund include California Public Employees’ Retirement System, Dow Ventures, Kuwait Petroleum Co., Abu Dhabi-government affiliated investment vehicle Masdar Clean Tech Fund and… Continue Reading
EEStor to “blow away” lithium-ion battery technology, to launch
EEStor, the obsessively secret company backed by venture capital firm Kleiner Perkins, will unveil its new battery technology this year — promising to make electric vehicles much more compelling.
Technology Review has the scoop:
The company boldly claims that its system, a kind of battery-ultracapacitor hybrid based on barium-titanate powders, will dramatically outperform the best lithium-ion batteries on the market in terms of energy density, price, charge time, and safety. Pound for pound, it will also pack… Continue Reading