If you were wondering what type of tech could get a boost from Obama’s efforts to limit power plant emissions, see Skyonic. The startup’s new plant will soon go under construction.
Skyonic, a startup that turns carbon emissions into baking soda and other chemicals, plans to build its first commercial plant this Summer and has raised a whopper of a $128 million round.
Peter Thiel is leading a large investment into an air energy storage startup called LightSail Energy. Thiel joins Bill Gates and Khosla Ventures as investors. Compressed air energy storage tech pumps air into tanks and releases it on demand to create a sort of air battery.
A biofuel startup with some stellar investors is making some big claims about its technology and production costs. But it will have to raise some serious money to prove itself.
Oil giant BP has invested in biofuel startup CoolPlanet BioFuels, according to an announcement on Thursday. CoolPlanet BioFuels is the biofuel startup you have never heard of but that has unusually famous investors like GE, Google, NRG Energy and ConocoPhillips.
A startup that makes materials that can convert heat into electricity plans to develop a solar hot water heater using its materials that could go on sale next year. The device will be the first product from GMZ Energy, which recently raised $14 million in funding.
Earlier this week figures from the latest MoneyTree report found that VC funding for web startups has reached a 10-year high. Contrast that with the funding figures from Dow Jones, which found that venture investment in the energy sector dropped by more than half.
Four-year-old OPX Biotechnologies, which uses genomics to make biofuel production more efficient and economic, is in the process of raising a $45 million round, and has closed on $37 million of that funding, according to a filing.
Turning wastewater – from cities or food processing plants – into electricity has always attracted investors fancy. Now an investor consortium of GE, NRG Energy and ConocoPhillips is making its first bet on an Israeli technology developer via its new fund called Energy Technology Ventures, the companies said Tuesday.
The next-generation of technology to use compressed air for energy storage is on its way. One of the companies leading the way — General Compression — has raised another $20.39 million Series B round, according to a filing.
