Deeya closes $30M for long-term electrical storage
Deeya Energy, provider of a unique battery for long-term electrical storage, has raised $30 million in a third round of funding to offer renewable and more efficient energy options. Based in Fremont, Calif., the company says it is poised to take advantage of a $46 billion energy storage market — especially now when cutting energy costs is a prime concern for businesses and consumers alike.
The recent round of financing was led by Technology Partners and… Continue Reading
Lehigh Technologies closes “substantial” funding round for rubber recycling
Lehigh Technologies, a Naples, Florida-based rubber recycler, wrapped up what its CEO called a “substantial” funding round in March that was led by new, heavyweight investors KPCB and Index Ventures, according to VentureWire. It previously raised $18 million from NGP Energy Technology Partners and some early seed money from Gulfshore Ventures.
The funds will be used to build a new $15 million recycling plant next year, the company’s second in its 5 year history. Dennis Gormley,… 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 Element Partners, Angeleno Group, The Westly Group, Omninet, DAG Ventures and Northgate Capital.
EdeniQ claims its processes for converting non-food biomass sources into cellulosic ethanol can be implemented for “a fraction… Continue Reading
Ecore raises $29M from Element Partners for rubber recycling business
Ecore International, a recycler of scrap tire rubber based in Lancaster, Penn., has gotten a $29 million investment round from Element Partners to help grow an already large business.
Ecore has already been around for 18 years and has several distinct business divisions focusing on sales of recycled materials for specific products like flooring and synthetic grass.
The company, previously called Dodge-Regupol, employs about 240 people.
Arxx Building Products raises $5M for green building materials
Arxx Building Products is an Ontario maker of green building supplies and designs, including the walls and foundations of new homes. The company helps homeowners save money by lowering energy costs for cooling and — especially for Canada — heating.
The company is already selling its products, including a new installation in Lake of the Ozarks, Missouri. According to an article about the development in STLtoday, using Arxx flooring and walls also reduces insurance costs.
There are… Continue Reading
Seven Seas Water receives $20M for water desalination
Removing the salt and other minerals from sea water has always been an expensive process, due to the cost of both building and operating plants. Seven Seas Water handles the process for Caribbean municipalities, as well as hotels and other private facilities.
The company, which is based on the island of St. Thomas, designs, builds and operates its own facilities in locales where fresh water is both expensive and scarce, bringing in a continuous cash flow… Continue Reading
Fat Spaniel bulks up with $18 million, plans expansion to Europe
Along with alternative energy generation comes a host of attendant technologies, from storage and transmission, to grid management, and measurement and analysis. Fat Spaniel is in that final category, with a set of tools used to measure power output of installations like solar cells.
The company has taken a substantial $18 million second round of funding, which it plans to use to expand in Europe and reach profitability in mid-2009. It has done more than a… Continue Reading