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 demo plant in Ohio.
Already, Powerspan is implementing its ammonia-based technology at a 120-megawatt demo plant that is slated to be operational by 2012. The company claims it will catch and… Continue Reading
Smart grid investments come hot and heavy — SmartSynch gets another $20M for talkative electrical meters
Two days ago it was Optimal Technologies with $25 million toward software for electrical grids; today, it’s SmartSynch with $20 million for wirelessly communicating meters. I haven’t gone back and done an official count, but with well over half a dozen large fundings in the past few months, the efficiency-focused smart grid space looks to have emerged as the hot cleantech venture space du jour.
“Smart grid” is a catch-all term for a number of technologies… Continue Reading