Soros pushes Powerspan to $50M for carbon capture
A group of investors, including George Soros, has funneled $50 million into Powerspan, a company that devises ways to remove carbon dioxide from coal plant emissions. The Portsmouth, N.H.-based company says it will use the new money to set up its system at a utility-scale… Continue Reading
TPI Composites raises $20M for wind turbine blades
TPI Composites, maker of blades for wind turbines, just brought in $20 million in second-round financing, mostly from General Electric’s Energy Financial Services and equity branch. The Scottsdale, Ariz. company will use the money to build out its manufacturing plants in Mexico, Iowa and China…. Continue Reading
PowerGenix gets $30M for electric scooter batteries
Alt-chemistry battery maker PowerGenix has significantly upped its funding with a $30 million fourth round. The company plans to make batteries for electric vehicles, power tools, electronics and other applications.
One of PowerGenix’s most ambitious plans is to crack into the market for electric scooters, which… Continue Reading
Solar manufacturer GT Solar lands $500M in IPO
Coming in as the largest solar energy IPO since the debut of First Solar (FSLR) on the stock market, New Hampshire-based GT Solar (SOLR) priced its 30.3 million shares at $16.50 each this morning.
GT Solar makes equipment that’s used to manufacture silicon wafers for use… Continue Reading
PowerGenix hopes to overtake NiMH dominance with alt-chemistry rechargeable batteries
With the market for hybrid electric vehicles (HEVs) finally starting to heat up in earnest, several companies are making big bets on advanced rechargeable battery technologies. One of these is PowerGenix, a San Diego, Calif.-based startup that makes nickel-zinc (NiZn) batteries.
Another is ZPower, a startup… Continue Reading
EdeniQ quietly raises $33 million for cellulosic ethanol
updated
EdeniQ, an Encino, Calif.-based cellulosic ethanol startup, has quietly wrapped up a $33 million round of funding as part of its spinoff from parent company Altra Biofuels. PE Hub reports that Advanced Equities Investments and Draper Fisher Jurvetson were the lead investors; other backers include… Continue Reading
Q&A with Jeff Boyd, CEO of Miles Electric Vehicle
Everyone knows the name Tesla Motors. High-profile VC fundings, a high-performance sports car and its layoffs have gotten the company endless coverage. However, there’s also a slew of lesser-known electric car companies. One of the handful with real potential (and real funding) is Miles Electric… Continue Reading
Miles Electric Vehicles raises $15M for highway-speed electric car
Miles Electric Vehicle is a fairly well-known maker of low-speed electric vehicles, which are only good for short distances in small towns or inner city environments. However, the company plans on releasing a model that can reach highway speeds in late 2009.
The company has plenty… Continue Reading
Konarka raises $45M more for solar, despite no clear direction
Konarka, yet another company experimenting with new-fangled technology to produce more efficient solar cells, hasn’t been able to articulate a clear business strategy in the six years since it started.
However, solar technology is hot, and the company has raised $45 million more in capital to… Continue Reading
Cleantech: Verdiem raises $8 million from Kleiner Perkins, others, to save PC energy
Verdiem, a growing Seattle company that makes computer networks use less energy, has raised $8.33 million from seven investors including big-name venture capital firm, Kleiner Perkins Caufield & Byers.
It is one of many companies riding a wave of public commitments by cities, companies, universities and… Continue Reading
PowerGenix, a nickel-zinc battery co., raises $17M
Nickel-zinc battery developer PowerGenix has raised $17 million in a third round of financing, according to VentureWire (sub required).
Angeleno Group was reportedly the lead investor. The San Diego company says it has developed a rechargeable battery “that is as much as 75% lighter, ten times… Continue Reading