New tools for home energy — from a solar roof to better insulation — are leading to big growth for a six-year-old startup in New England.
Analytics, sensors, networking — Utilidata is bringing the tools of IT to the last mile of the power grid and in the process could make it operate more efficiently.
VC-backed LED startup Luminus Devices has been sold off to a Chinese lighting company. Following in the footsteps of solar, electric cars, and batteries, LED technology is now also getting bought up by Chinese players.
Five-year-old, Bill Gates and Khosla-backed, EcoMotors is finally commercializing its efficient engine technology. And it’s got a killer deal to do it: a $200 million plant being built by Chinese auto giant Zhongding Power.
One of the few investors to make money from backing cleantech startups, The Westly Group has finally closed on a $160 million cleantech fund.
Amidst rampant solar manufacturing bankruptcies, thin film solar startup Stion has raised a $25 million equity round, of a planned $55 million round. At the same time the company is cutting costs and laid off a small amount of workers.
BMW’s venture fund, BMW i Ventures, has invested in electric car charging company Coulomb Technologies, according to a release. BMW launched its $100 million fund — its first to date — last year to focus on “mobility,” including mobile apps, in car services and auto navigation.
Not a bigger shocker from the Cleantech Group this morning: the amount of venture capital funding that went into cleantech startups worldwide in the second quarter of 2012 dropped by 25 percent, in terms of total dollars spent, from the prior year second quarter.
Electronics that can break out of their rigid boxes, and be embedded into stretchy, even wearable, materials — that’s the goal of startup mc10, which packages up semiconductors, like silicon, so they can bend, twist and wrap around other structures.
Waste to fuel startup Enerkem already had trash king Waste Management on its side — now Enerkem has scored backing from oil refiner giant Valero. Enerkem announced it has raised $60 million from Valero, along with existing investors like Waste Management and Braemar Energy Ventures.