Using clean energy — from solar to wind farms — to power Internet infrastructure is a complex issue. Next Wednesday in partnership with Greenpeace and some of the leading companies, we’ll unbox this topic.
A startup called Choose Energy is offering consumers a comparison shopping site for electricity in deregulated markets, and is building tools to help retail energy providers acquire customers. The company raised a series A round from Kleiner and Stephens Capital.
As cleantech investing continues to evolve, an accelerator focused on cleanweb startups is dropping its accelerator program in favor of becoming a venture capital firm with an in-house design studio.
Lux Capital has closed on its third fund, of $245 million, and remains committed to investing in energy technology, despite that many VCs have backed out of cleantech investing.
VCs at firms like Sequoia Capital or Andreessen Horowitz might scoff at the call for attention to a positive fund value, but in the cleantech ecosystem a significant positive growth in value is pretty rare.
Despite a lot of hand wringing this year, various cleantech sectors are on the difficult path to market maturation, and not necessarily in a “crisis.”
As overall venture investing for cleantech declines, many VCs are expressing new excitement about software and mobile based solutions to resource conservation. The so called “cleanweb” beckons new investors.
Spring Ventures founder Sunil Paul braved the rain and the ever-present SoLoMo apps to give a rendition of his presentation on the Cleanweb, or using computing, mobile, and the web to address resource constraints like energy, food and water.
Spring Ventures founder Sunil Paul presented at South by Southwest on how the future of cleantech is actually the cleanweb. AllThingsD’s Kara Swisher has posted Paul’s slide deck online and it’s worth a look. Paul strongly believes that the future is about using the internet and mobile phones to increase resource efficiency, rather than just developing new technology to generate renewable energy. Classic examples of this are collaborative consumption leaders Airbnb and Zipcar, which rely on smartphones and the internet to help folks share homes and cars. It’s a very Silicon Valley startup approach to altering energy use, but you have to rely on Silicon Valley entrepreneurs to do what they know—using low capital expense, web based tools to find solutions to problems.
We’ll once again be live streaming the second Cleanweb Hackathon that will be held in New York City, this weekend! The “Cleanweb” is the trend of using information technology — software, the web, social media, mobile — to address resource constraints around energy, food and water.