GreatPoint Energy turns polluting coal into cleaner gas, raises $100M
GreatPoint Energy, a company developing a way to turn polluting coal into less-dirty natural gas, has raised a whopping $100 million third round of financing.
The company will use the money to finish proving its technology works in large-scale production which, if successful, will be a significant step toward reducing the release of carbon emissions.
The new lead investors in the Cambridge, Mass. company are Citi Sustainable Development Investments and Dow Chemical, who were joined by AES… Continue Reading
Greentech roundup: Phoenix Motorcars, Lockyer’s $3.5B solar plan, Photowatt and more
Here’s the latest action in green technology (updated):
Phoenix Motorcars, latest electric vehicle company — The Rancho Cucamonga, Calif., company makes electric SUVs and SUTs that can get 130 miles from a 10-minute charge, and is close to signing a $15 million first round of capital from investors Kleiner Perkins Caufield & Byers, Virgin Fuels and AES Corporation, according to PEHub. The vehicle’s top speed is 95mph, with an expected retail price of $45k . Consumer sales… Continue Reading