Biochemical company Elevance raises $104M

Despite that venture funding for cleantech is cooling off, some companies are still able to get money for growth. For example, biochemical company Elevance Renewable Sciences has raised a $104 million Series E round from oil giant Total’s investing arm, and Malaysian conglomerate Genting Berhad.

A push for cheaper, safer natural gas cars

President Obama wants more natural gas development, and with it he wants to see more natural gas powered cars on American streets. He announced Thursday a $30 million R&D fund to develop technologies that will make natural gas cars cheaper and safer to drive and refuel.