Varentec Gets $7.7M in VC Round

Recently, Varentec received US$ 7.7 million from investors led by Khosla Ventures. Varentec is a Menlo Park based startup working on the concept of utilities giving digital control over power grids.  In October 2011, Varentec received US$ 5 million from an ARPA-E Grant for the GENI program, together with a group of partners that include [...]

Siemens to Acquire eMeter to Enhance Smart Grid Offering

The press release states, “Siemens Industry, Inc.  announced today that it has signed an agreement to acquire all of the stock of eMeter Corporation, headquartered in San Mateo, California (“eMeter”). The parties expect to close the deal in December 2011, subject to necessary approvals and customary closing conditions. The parties will not disclose the terms [...]

Better Place Raises $200 Million Series C Financing

The press release states, “with the launch of the first nationwide electric car networksin Israel and Denmark just months away, Better Place today announced that it has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25 billion (post money valuation [...]

Polaris Announces Investment in Brammo

The press release states, “Polaris Industries Inc. (NYSE: PII) today announced a minority investment in Brammo, an Ashland, Ore.-based maker of electric vehicle technology and two-wheel electric vehicles. By investing in Brammo, Polaris obtains access to their proprietary electric vehicle powertrain technology, as well as exposure to the rapidly growing electric motorcycle market. “We are [...]

ClearEdge Power Gets Series E Financing

The press release states, “ClearEdge Power, a leading manufacturer of scalable, high-efficiency stationary fuel cells, today announced that it has raised $73.5 million in Series E financing through the sale of new shares and the conversion of previously issued promissory notes. New investor Artis Capital Management led this round, which also included Austrian-based Güssing Renewable [...]

Mission Motors Announces Series B Financing

Press release states, “Mission Motors, a developer of cutting-edge electric vehicle technology, today announced that it had closed on a $9.0 million dollar Series B financing round led by Warburg Pincus, a leading global private equity firm. Warburg Pincus is making an initial investment of $7.5 million in the company and Infield Capital is following [...]

Clean Urban Energy Secures $7M Series A from Battery Ventures and Rho Ventures

The press release states, “Clean Urban Energy (CUE), an energy storage and smart grid performance optimization technology provider, today announced that it has secured $7 million in Series A financing. The investment was co-led by Battery Ventures and Rho Ventures, and will be applied to rapid product development and a multi-city expansion within the United [...]

Semprius Secures $20 Million in Funding for Production of Advanced Solar Modules

According to the press release, “Semprius, Inc., a leading innovator in high concentration photovoltaic (HCPV) solar modules, recently secured $20 million in its first tranche of Series C venture fundraising. Siemens Venture Capital led the investment round and was joined by ARCH Venture Partners, Applied Ventures, Illinois VENTURES, Intersouth Partners, In-Q-Tel and GVC Investment. Semprius [...]

Proterra Paves Way for Growth with $30M Investment

According to the press release, “Proterra Inc, a leading maker of zero-emission commercial transit solutions, today announced an investment of $30 million to accelerate the commercialization of its world-leading, fast-charge battery electric transit buses and automated bus charging system. The investment is being led by Silicon Valley venture firm Kleiner Perkins Caufield & Byers (KPCB), [...]

Google allocates $280 Mil in Residential Solar Projects

According to the Google Green Blog (official Google Blog), “Imagine sitting on your patio watching the sun’s rays pass overhead, knowing that they power your home with clean energy—at a cost that’s less that what you would have paid using just the grid. That’s what my colleague, engineer Michael Flaster, has been doing at his [...]

Yingli Green Energy Subsidiary Receives RMB 1.16 Billion Five-Year Bank Loan

The press release states, “Yingli Green Energy Holding Company Limited (NYSE: YGE) (“Yingli Green Energy” or the “Company”), a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers, which markets its products under the brand “Yingli Solar,” today announced that Yingli Energy (China) Company Limited (“Yingli China”), a wholly-owned subsidiary [...]

Tesla Motors to Raise More Capital

Founded in 2003, Tesla Motors has announced it is offering an additional 5.3 million shares of common stock. In addition, Tesla Motors CEO Elon Musk and Daimler affiliate Blackstar Invesetco plan to purchase additional company shares in a private placement at the public offering price (PIPE). Part of the funds will go into developing Tesla’s [...]

Google Invests in Solar Power Plant Together with Capital Stage AG

According to the press release, “Google is co-operating with Capital Stage AG from Hamburg / Germany on making its first investment in renewable energies in Europe. In this context, Capital Stage is selling 49% of the recently acquired 18.7 MW solar power plant in Brandenburg to Google. Technically, the investment still needs to be ratified [...]

Solyndra Closes $75 Mil Credit Facility

According to the press release, “Solyndra, a manufacturer of cylindrical solar photovoltaic (PV) systems for large industrial and commercial rooftops, today announced the closing of a new $75 million secured credit facility underwritten by existing investors. The proceeds from the financing will be used to support Solyndra’s working capital requirements, accelerate the Company’s ongoing cost [...]

Genomatica raises $45M

The press release states, “Genomatica, the emerging leader in sustainable chemicals, announced it has raised an additional $45 million dollars. New investors include VantagePoint Venture Partners, the largest investor in this new round, which has committed $2.5 billion dollars to cleantech investment; Bright Capital, the venture arm of RU-COM group, a diversified business group based [...]

USABC Awards $15.6 Mil in Advanced Battery Tech Contracts to 3 Firms

The press release states, “The United States Advanced Battery Consortium LLC (USABC), an advanced research collaboration among Chrysler Group LLC, Ford Motor Company and General Motors Company, today announced approximately $15.6 million in advanced battery development and technology assessment contracts to three firms. The competitively bid contract awards are co-funded by the U.S. Department of [...]

Amprius Raises $25M to Commercialize Next-Generation Lithium Ion Batteries

According to the press release, “Amprius has raised $25 million to commercialize next generation lithium ion batteries leveraging Amprius’ proprietary silicon-based electrode technology. Major new investors include IPV Capital (Shanghai, China), Kleiner Perkins Caufield & Byers (Menlo Park, CA), and Qian Neng Fund (Wuxi, China). Also participating in this round are previous investors Trident Capital, [...]

Nexterra Closes $15 Mil Financing

According to the press release, “Nexterra Systems Corp., today announced that it has secured $15 million in equity financing from Tandem Expansion Fund and ARC Financial. Proceeds will be used to accelerate the growth of Nexterra’s business. “We believe that the market for small-scale biomass heat and power systems is poised to grow rapidly in [...]

SolarCity and Citi Announce New Fund for Residential Solar Projects

According to the press release, “SolarCity, a national leader in solar power system design, financing, installation, monitoring and related services, and Citi (NYSE: C), the leading global financial services company, today announced a new fund to finance $40 million in residential solar projects in 2011. This is the first collaboration between SolarCity and Citi, and [...]

GM Ventures Makes Strategic Investment in Envia Systems

The press release states, “General Motors Ventures LLC invested $7 million in Newark, Calif.-based Envia Systems to provide GM’s battery engineering team with access to advanced lithium-ion cathode technology that delivers higher cell energy density and lower cost. In a separate agreement, GM has secured the right to use Envia’s advanced cathode material for future [...]

EnerNOC Acquires M2M Communications

Press release states, ” EnerNOC, Inc. (NASDAQ: ENOC) today announced that it has acquired M2M Communications, a leading provider of wireless technology solutions for energy management and demand response. M2M manages hundreds of megawatts of demand response capacity throughout the United States and has contracts with leading utilities including Pacific Gas and Electric, Idaho Power, [...]

Bord Gáis Energy commits €2million to OpenHydro

OpenHydro, the Irish tidal renewable energy company and Bord Gáis Energy have concluded an agreement for Bord Gáis Energy to become a shareholder in OpenHydro. In addition to the investment, OpenHydro and Bord Gáis Energy have formed a joint venture focused on the development of a utility scale tidal farm off the coast of Ireland. [...]

Mascoma, Frontier Renewable Resources and Valero Ink Deal to Develop Commercial Cellulosic Ethanol Biorefinery

According to the press release, ” Mascoma Corporation, an innovative biofuels company, today announced that Valero Energy Corporation, the nation’s largest independent oil refiner, has invested in Mascoma Corporation. Further, Mascoma, Valero, and Mascoma’s operating subsidiary, Frontier Renewable Resources LLC, jointly owned with natural resource management company, J.M. Longyear LLC, have signed a non-binding letter [...]

LS9 Raises $30 Million to Ready Products for Commercial Production

The press release states, “LS9, Inc. today announced that it has received $30 million in its latest round of funding. BlackRock, a prestigious, global-reaching firm with over $3 trillion in assets under management, led the investment round. All previous investors also participated in the round, including; Flagship Ventures, Khosla Ventures, Lightspeed Venture Partners and CTTV [...]

Elevance Renewable Sciences Raises $100 Million in Series C Financing

According to the  press release, “Elevance Renewable Sciences, Inc. announced today that it has raised $100 million in its Series C financing round. Elevance produces high performance ingredients for use in personal care products, detergents, lubricants and other specialty chemicals and fuel markets from renewable feedstocks. Naxos Capital Partners led the round with additional new [...]

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