Chevron chips in $25M for biofuel company LS9
LS9, perhaps the company to watch synthesizing biofuels and chemicals from organic feedstocks like switchgrass, has brought in $25 million in a new round of capital from Chevron Technology Ventures, Khosla Ventures, Lightspeed Venture Partners and Flagship Ventures.
This is the second big win, the South San… Continue Reading
Mascoma teams with Chevron to turn ethanol byproduct into diesel and jet fuel
Soon after announcing funding for Soane Energy — a company working to clean up its oil extraction projects — Chevron released news that it will partner (PDF) with biofuel maker Mascoma to turn lignin, a byproduct of ethanol production, into diesel and jet fuel.
If the… Continue Reading
Ember lands $8M for a hefty slice of the smart grid
The Ember Corporation, a major vendor of ZigBee wireless networking technology, just brought in $8 million in capital to connect household devices and appliances to the smart grid. Like most other companies in the space, the bulk of its business comes from equipping smart meters… Continue Reading
Shell buys bigger stake in biofuel enzyme co. Codexis
In an effort to commercialize next-generation biofuels by 2013, Royal Dutch Shell has taken a bigger stake in Redwood City, Calif. biofuel technology company Codexis. The two companies struck a five-year deal in 2007 that infused Codexis with $30 million and gave Shell a seat… Continue Reading
For the future of biodiesel, Chevron and Shell might be on the right track
Want to fill up your Volkswagen or Hummer on renewables, as Arnold Schwarzenegger does? Biodiesel, a vegetable-oil based variant on petroleum diesel, is your fuel. As we pointed out last week, the fuel doesn’t get as much attention as high-tech biofuels like cellulosic ethanol and… Continue Reading
Motorola buys into industrial wireless with Apprion investment
Apprion, a Moffet Field, Calif. company that makes wireless integration systems for harsh environments like industrial plants, has raised a new round of funding led by a strategic investment from cellular giant Motorola.
Plants are a little different from your standard wireless environment — temperature extremes,… Continue Reading
Sub-One Technology raises $24M for industrial coatings
Sub-One Technology, based in Pleasanton, Calif., has developed a process that can apply a coating to the interior of machinery and pipes that the company says is as hard as diamonds.
Its InnerArmor coatings have uses in industries from automotives to oil services, helping to reduce… Continue Reading
Apprion, industrial wireless application network co., raises $12M
Apprion, a Moffett Field, Calif. company that develops wireless application networks for the oil, gas, chemical and power industries, will announce tomorrow that it has raised a $12 million second round of funding.
This round is led by Anvil Investment Associates, and includes participation from strategic… Continue Reading
Sub-One gets $7M to offer coating technology for oil & gas pipes
Sub-One Technology, a Pleasanton start-up that provides a way to coat pipes with protective materials to better serve the oil, gas and ethanol industries, has raised $7 million in a second round of funding.
The technology is significant, the company said, because it provides a way… Continue Reading