Investors shine to innovative solar financing

Innovative solar financing continues to lead a boom in solar installations across the country (previous discussion found here). Third-party financing of solar, in the form of a lease or power purchase agreement (PPA), is becoming the leading method by which homeowners can afford to install rooftop solar. Beginning in June of 2001, a majority of Californians choose to use third-party-owned solar … [Read more...]

Venture Capital and Cleantech weekly update

ThermoEnergy Corporation (TMEN), a diversified technologies company involved in power generation and wastewater recovery, announced that it has raised $1.7 million in equity from undisclosed investors. CFO Ted Klowen told Mass High Tech that the investment represents the sale of common stock to several new investors. The investment has a top end of $9.6 million listed on the filing, which may or … [Read more...]

Smart Grid investment discouraging in the short-term….

Investment in smart grid technologies has disappointed investors across the spectrum over the past few years, but does that mean the industry is a financial black hole? The development of a ‘smart grid’ is designed to adapt and react to supply and demand changes, integrating renewable energy, variable electricity costs, and energy storage into an aging energy and water infrastructure. There were … [Read more...]

US Military fuels clean energy investment, but budget cuts threaten growth

The US Department of Defense (DOD) has made large investments in clean energy over the past several years due solely to energy security and economic issues. These investments however are at risk as the US government inches closer and closer to taxmageddon. If a compromise is not reached by the end of this year, the DOD will be hit hard by automatic spending cuts, forcing the military to decide … [Read more...]

Crowdfunding and potential benefits to entrepreneurs and investors

Last week, we discussed just a few of the key issues that face equity- (and debt) based crowdfunding. It is very important to stress that these issues could make crowdfunding very difficult for entrepreneurs, and particularly for investors. However, there is a reason why crowdfunding is receiving a lot of attention and spawning excitement throughout the entrepreneurial and investing world. Equity … [Read more...]

Venture Capital and Cleantech weekly update

Harvest Power, a Waltham, Mass.-based company that produces renewable energy and soils, mulches and natural fertilizers raised, has raised a $15 million extension to its $110 million Series C financing. The newest funds come for Tur Partners and Industry Ventures. True North Venture Partners led the initial round, alongside existing investors that include Kleiner Perkins Caufield & Byers, DAG … [Read more...]

Crowdfunding update and looming issues

Several SEC and FINRA department heads met with the Crowdfund Intermediary Regulatory Advocates (CFIRA) last week in Washington, DC to discuss rulemaking for equity based crowdfunding. The SEC has a deadline of December 31, 2012 to implement the rules for crowdfunding. The agency’s Chair, Mary Schapiro recently told a House committee that they expect to meet that deadline. The JOBS Act requires … [Read more...]

Carbon Tax gets key Republican backer

George Shultz, former U.S. Secretary of State under President Reagan is leading a group at Stanford University that is in favor of a revenue-neutral carbon tax. Cleantech Finance has monitored the potential momentum of such an idea in recent weeks here, and here “We have to have a system where all forms of energy bear their full costs. For some, their costs are the costs of producing the … [Read more...]

The No More Solyndras Act is political theatre, but issues still remain

As we discussed last month, the Obama Administration's attempt as venture capitalists have made some pretty big headlines and plenty of partisan bickering. DOE loan guarantee program, which has disbursed $30.7 billion to companies and energy projects including $527 million to the now bankrupt solar panel manufacturer Solyndra, has been the target of Obama critics since the bankruptcy made … [Read more...]

Venture Capital and Cleantech weekly update

Worldwide clean technology venture investment slowed in the 2nd quarter, totaling $1.61 billion, falling 14 percent compared to the previous quarter ($1.88 billion) and off 25 percent from the 2nd quarter of 2011 ($2.15 billion), according to The Cleantech Group. Bloomberg New Energy Finance also reported 2Q numbers in which they found a rise in cleantech investment of 24%, due mostly in part to … [Read more...]