The real reason for the greentech IPO missteps

Three greentech IPO hopefuls pulled the plug on their public market plans this month. There’s a lot that these companies have in common, and it’s not that they’re green: it’s the lack of profits and even revenues.

Is the window for greentech IPOs opening up?

Two greentech companies that have planned to go public — waste to fuel company Enerkem, and solar inverter company Enphase Energy — have set the expected price ranges for their shares in recent days. Is it a sign that the IPO window is slowly opening back up?

Feds offer $105M loan guarantee for “Project Liberty” biofuel plant

Poet’s so-called “Project Liberty” biofuel plant, which will use corn waste instead of edible corn, is getting some support from the U.S. government. On Thursday, the Department of Energy announced it will offer Poet a $105 million loan guarantee to build out Project Liberty in Iowa.

Cleantech investing drops by a third and embraces efficiency

Cleantech venture investments dropped by a third in the second quarter of this year compared to the same quarter last year, according to the Cleantech Group. However, energy efficiency technologies such as LED lighting and energy management software are still getting some love from private investors.

OPX Biotechnologies raising $45M for next-gen biofuels

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.

Waste-to-Fuel Startup Enerkem Raises $60M From Valero, Investors

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.