Investments into new green technology companies tripled last year, and the trend continues unabated.
The President is pushing for alternative energy investments, and Al Gore’s Inconvenient Truth gets nominated for two Oscars, which will only add fuel to the fire. The spigot is fully open. We’ve seen more green-related fundings today than ever before. Here are the latest:
–See our story today about A123Systems, the lithium-ion battery company that wants to make better electric cars. It just got $40M.
—Nexterra Energy, of Vancouver, a developer of waste-to-energy gasification systems, has just raised $6.8 million in a third round led by ARC Financial.
—Sopogy, a Honolulu developer of solar concentration technology, has emerged from a long incubation period (six years) and received $3 million in angel financing, according to VentureWire (sub required)
—Sulfurcell, a Berlin solar module maker, using thin-film solar technology (which lets you essentially paint solar cells onto roofs and parking lots), has raised under $10 million in a second round of funding. Masdar Clean Tech Fund LP, managed by Credit Suisse Group, led the round, and previous investors, including angel investor Engelbert Giesen, IBB Beteiligungsgesellschaft, Vattenfall Europe AG and Ventegis Capital, also participated. It has raised a total of $32 million to date. Silicon Valley companies Miasole and Nanosolar are doing similar things.
–Vancouver’s Day4 Energy, has raised $11 million more to market its highly efficient solar panels. British Columbia Discovery Fund led the round, after having invested $2.8 million earlier.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more