SPG Holdings brings in $13 million for solar projects
SPG Holdings, parent company of solar system design firms SPG Solar and Thompson Technologies Industries, has raised $13 million in equity from the Global Environmental Fund and Robeco, according to VentureWire.
Based in Novato, Calif., SPG says it will use the funds to expand its market presence in the U.S. and abroad. Its solar companies create and sell photovoltaic installations for residential and commercial use in California, Arizona and Oregon. Earlier this year, it partnered with… Continue Reading
EPS lands $30M for cleantech analytics
EPS, the Costa Mesa, Calif. company that provides Fortune 500 companies with the advice and knowledge they need to make environmentally sustainable decisions, has raised $30 million in a second round of funding to continue developing its xChange Point carbon emissions management system, according to peHub.
The company says that business is actually looking up because the tough economic climate has forced more major corporations to evaluate and cut energy costs. Its core software, EPSWay, allows… Continue Reading
GridPoint lands more funds for smarter utility use
GridPoint, one of the largest companies in the emerging smartgrid sector, announced that it has brought in an undisclosed sum from Craton Equity Partners. Already working with several investor-owned utilities like Duke Energy Corp. and Xcel Energy, GridPoint says its system automatically manages energy loads and storage, integrates renewable sources and can be used to power electric vehicles more efficiently.
That last function is of particular importance to GridPoint, which acquired V2Green, a company that makes… Continue Reading
Smart grid company GridPoint heaps on $120M and buys electric vehicle startup V2Green
GridPoint, one of the largest of the smart grid startups, who aim to more intelligently distribute energy across the electrical grid, has more than doubled up on its prior funding with $120 million. Along with the new money, it has bought out V2Green, which makes software for electric vehicles to efficiently plug into the grid.
This latest move shows a company trying to get a leg up on a bevy of well-funded competitors, who include Silver… Continue Reading
ReliOn raises $23M for hydrogen fuel cells
Update for April 28: The total amount taken by ReliOn for this round came to $23 million, according to John Cook. Additional funding was provided by PCG Clean Energy & Technology Fund and Robeco Clean Tech Private Equity.
Original post from March 31: ReliOn, a Spokane-based fuel cell maker that helps provide backup power for communications companies and air traffic control towers, has taken over $17 million in a round that will likely be the company’s… Continue Reading
Enerpulse raises $5M for vehicle fuel efficiency
Electric car startups aside, there’s still plenty of room for improving the traditional cars we all grew up with. Among the many parts that go into a car, relatively few have been optimized over the years, leaving plenty of room for startups to innovate.
Enerpulse chose to work on improving spark plugs, the part that ignites the fuel in internal combustion engines. A more efficient design can help to save fuel; Enerpulse says it provides about… Continue Reading
GridPoint, a well-funded smart-grid startup, raises $15M more
GridPoint, a smart-grid company that can intelligently manage energy sources and storage for utilities, has pushed its total equity raise to $102 million with an add-on of $15 million to its fourth round.
The company works to distribute the power and storage of utilities, as well as tying in unreliable renewable sources like wind and solar power. The GridPoint SmartGrid Platform is the locus of these services, a node in homes and businesses that communicates back… Continue Reading
Whopping $113M round for biodiesel company, Imperium
Biodiesel company Imperium Renewables, of Seattle, said it has raised $113 million in equity financing and is wrapping up a $101 million line of credit, continuing the massive injection of capital into the alternative fuel sector.
The financing of Imperium, run by former Microsoft executive and venture capitalist, Martin Tobias, is believed to be the biggest private equity investment in the sector to date.
The company said Société Générale is arranging the credit financing.
From the statement:
The… Continue Reading