Invenergy bucks wind power’s slump with new $30M
Invenergy, a Chicago-based developer of large-scale wind power generation facilities, just closed on a $30 million convertible note from Leaf Clean Energy only weeks after raking in $250 million in capital from several other venture firms. The company has also landed tax equity to finance five wind farms in the U.S. with the potential to generate 603 megawatts of power. (Tax equity is money that banks and firms invest in companies — including many renewable… Continue Reading
Range Fuels ups earlier round to $166M, racing against Mascoma and Coskata
Cellulosic ethanol producer Range Fuels has heaped more than $50 million extra onto a $100 million round we reported two months ago, picking up the support of Passport Capital, Morgan Stanley Capital Group and others.
While the company originally planned to keep the round to $100 million, it appears to have received intense interest in its project. While the round was at first over-subscribed to $130 million, according to Ethanol Producer Magazine, Range has now taken… Continue Reading
SkyFuel raises $17M for solar thermal mirrors
SkyFuel, a manufacturer of components and technologies for solar thermal power generation, has raised a $17 million second round of funding (release via Earth2Tech).
The company’s primary products are a mirrored material called ReflecTech, which could make mirror production for solar thermal plants cheaper, and the SkyTrough, a parabolic reflector.
SkyFuel is also working on a “Linear Power Tower”, which is a Fresnel solar system somewhat like what Ausra uses for its own solar thermal designs. The… Continue Reading
Greenline Industries receives $20M investment for biodiesel production
Among the many arguments against large-scale biodiesel production, one is that the process of making it takes a lot of water, which can be bad for the environment. Greenline Industries says its process works without using water.
The company’s patented process uses a resin to purify biodiesel. It has already sold some 30 biodiesel production lines with a yearly capacity of 200 million gallons, according to its press release.
The $20 million funding was provided by Leaf… Continue Reading