Venture Capital and Cleantech weekly update

Ostara Nutrient Recovery Technologies Inc., a clean water company that recovers phosphorus and nitrogen from waste and process water streams and transforms them into a premium, slow-release fertilizer, announced that it has secured $13 million in equity financing. Led by Wheatsheaf Investments, this round of funding also included Ostara Board Chairman Fredric “Fritz” Corrigan and existing … [Read more...]

NRG Energy looks to change the entire utility business model


David Crane, president and CEO of NRG Energy (NRG) has outlined his vision for the utility of the future where consumers disconnect from their electric utility. In this new model, NRG would offer individual customers a package that includes both solar PV and natural gas-fired generation, allowing them to create their own electricity without the need for the rest of the grid. The shift to … [Read more...]

Falling costs expected to spur renewables to 50% of generation capacity

BNEF supply

Following up last week’s report on a fall in global cleantech investment, Bloomberg New Energy Finance predicts that due to the plunge in the cost of wind and solar power, renewables are forecast see a tripling of investment by 2030, leading to a 50% market share of the world energy supply. According to the report, annual spending on clean-energy projects may rise to $630 billion at the end of … [Read more...]

Venture Capital and Cleantech weekly update

ABB Ltd., a Swiss engineering conglomerate, has agreed to acquire Power-One Inc. (PWER), a maker of solar power inverters, for approximately $1 billion, or $6.35 per share in cash (a 57% premium to Friday’s closing price).  Solar inverters act as “brain” that converts a solar panel’s DC-current into AC-current that can be fed into the power grid. Silver Lake Sumeru currently holds around a 14% … [Read more...]

The emerging growth of energy efficiency finance

Energy efficiency finance is growing at an extremely fast pace as more companies and organizations create innovative financing mechanisms for commercial and residential projects. Energy efficiency is also getting pushed along by the federal government and in many states as well, as the benefits of energy efficiency become more apparent. A recent analysis by the Rockefeller Foundation and Deutsche … [Read more...]

Global clean energy investment falls to lowest levels in four years

A new report from Bloomberg New Energy Finance (BNEF) finds that clean energy investment has slumped as nations have pared policies and subsidies for clean technologies. The policy uncertainty resulted in a 22 percent slide in investment, its lowest level in four years. "The last 18 months have seen a number of significant support programs launched in the aftermath of the financial crisis come … [Read more...]

Venture Capital and Cleantech weekly update

EcoMotors, a developer of low-cost, efficient engines, announced a deal to have Chinese auto parts giant Zhongding Power build a $200 million factory in the Anhui Province in eastern China that will make EcoMotor’s engines. EcoMotors is backed by is backed by Khosla, Bill Gates and Braemar Energy Ventures. EcoMotors expects the plant to produce 150,000 engines a year starting in 2014, … [Read more...]

PACE programs hit roadblock after court decision

A federal appeals court struck a blow to the Property Assessed Clean Energy or PACE program, which allows local governments to pay the up-front costs of home improvements to reduce energy and water use and provide clean power (discussed previously here). The Federal Housing Finance Agency (FHFA) has said Fannie Mae and Freddie Mac, which together hold or guarantee more than half of all home … [Read more...]

The JOBS Act turns one, but many wonder when it will have an impact

The JOBs Act turned one year old last week, but many are still wondering if and when equity crowdfunding will be allowed for individual investors. The SEC has to date enacted just 3 out of 6 title provisions of the Act. Since both the SEC and FINRA are required to allow 60-90 days for public comments for any potential ruling, we may not see a final ruling on Title III (Crowdfunding) of the JOBs … [Read more...]

Venture Capital and Cleantech weekly update

Clean Power Finance, an online platform that provides software and financial services to solar power professionals and investors, has raised $37 million from investors. With its third round of financing, Clean Power Finance has brought its total to about $62 million. The Series C round also included new investor Hennessey Capital Management and existing backers Kleiner Perkins Caufield & … [Read more...]