Hara Raises $25M From GE, NRG, ConocoPhillips, Itochu

On Wednesday morning energy software startup Hara plans to announce that it’s raised another $25 million from new strategic investors, including the collaboration of GE, NRG Energy and ConocoPhillips (called Energy Technology Ventures), as well as the investing arm of Japanese conglomerate Itochu.

NRG, ConocoPhillips Dive Into VC World with $300M Fund

Corporate investors will play an increasingly important role in the energy technology world and perhaps even outshine the traditional VC firms. The latest evidence: NRG Energy, Conoco Phillips and GE have created a $300 million greentech fund.

The Daily Sprout

Old Wind Turbines Get Second Life on the Farm: Massachusetts-based Aeronautica Windpower recycles mid-sized wind turbines from aging wind farms by refurbishing them and selling them to farmers – Press Release.

Redwood Systems Raises $4M for Building Energy Conservation: The Danville, Calif.-based startup has raised $4 million in Series A funding from Battery Ventures and U.S. Venture Partners. We don’t know much about the company but it’s reportedly focused on commercial building energy conservation and is run by former Cisco executive Dave Leonard – PEHub.

EcoMotors Raises $5.25M for Fuel-Efficient Diesels: Troy, Mich.-based EcoMotors, developer of next-gen diesel engine technology, has raised $5.25 million in Series A funding from Khosla Ventures – PEHub

ConocoPhillips CTO Talks Cleantech: ConocoPhillips has doubled annual technology spending in the last few years. So what does the oil giant have up its sleeve for renewable energy? – Cleantech Blog.

Ocean Power Technologies Receives $2M DOE Award: The New Jersey-based startup has gotten $2 million from the U.S. Department of Energy which it will use to build a PowerBuoy, a wave energy generator, to be installed off the coast of Reedsport, Ore. in the second half of 2009 – Press Release.

Despite Clean Power Trend, Business As Usual for ConocoPhillips

Fossil fuels aren’t going away anytime soon emphasized Stephen Brand, senior vice-president of oil and natural gas giant ConocoPhillips, who spoke before a full house at the Energy and Clean Technology Venture Forum in Houston on Thursday. Brand stressed the continuing importance of fossil fuels, which he says will make up 2/3 of the total energy production at least until 2030, and in particular said we need more legislation and new technologies that can make the drilling and refining of fossil fuels more efficient and cheaper.

Brand spent all but two minutes of the 30-minute speech highlighting how technology — from supercomputers to biotech — will aid in the capture and refinement of fossil fuels at a commercially acceptable price. Of course it’s no surprise that Brand would focus on how to bring down the cost of using fossil fuels for power — ConocoPhillips is the second-largest oil and natural gas refiner in the U.S. and the fifth-largest non-governmental controlled refiner in the world.
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Entertainment Biz Now Uses P2P For Branding

[qi:_newteevee] The entertainment industry has been hiring companies to pollute P2P networks with phony files for years, and now some of these very same companies are going into marketing. Instead of sabotaging file transfers, they offer their own media for download, and instead of corrupted files, suddenly it’s all about branding. Santa Monica, Calif.-based Mediadefender is at the center of this shift. Continue Reading.