- Well-known energy tech venture firm EnerTech Capital has raised a $75mm first close toward a $250mm targeted third fund, according to VentureWire today. LPs include CalPERS, Dow Ventures, Kuwait Petroleum, and Masdar. Another LP, Acorn Factor, a publicly-traded investment group, expects to be occasionally co-investing with EnerTech on their expansion-stage energy deals.
- Jonathan Shieber reported in Friday's CTI that Secure Energy Inc. has raised $5.5mm of a targeted $8mm round of financing. Secure Energy is converting a Caterpillar manufacturing site in Decatur, IL into a coal gasification plant.
- PE Week Wire reported on Monday that tire / oil / etc. recycler Reklaim has raised $7mm of a $10mm Series B, led by Goldman Sachs.
- VWire reported on Friday that UK-based Thermilate, which sells a paint additive with insulative benefits, has raised a $1.5mm round of financing, with participation by Enterprise Ventures on behalf of the Coalfields Enterprise Fund.
- In the continued pursuit of a strong New England cleantech cluster, Xconomy is reporting that the New England Energy Innovation Collaborative (NEEIC) and the newly-formed Clean Energy Council will be joining forces. [note: my firm @Ventures is a member of NEEIC, and I'm on the advisory board for the CEC] Speaking of the NE cleantech cluster, here's a nice profile of GreatPoint.
- Cleantech investors in the news: Ray Rothrock lays out Venrock's investment strategy in "new electrons".
Clean Energy Entrepreneurship Two-For-One on September 11!
Foley Hoag (www.foleyhoag.com) has graciously offered to host and sponsor at their
If you are attending the MITEF ESIG Event, please register at the MITEF website (http://www.mitforumcambridge.org/EnergySIG/energysept07.html)
If you plan to attend ONLY the REBN-East Networking Event, please RSVP to Rob at firstname.lastname@example.org.
And, as always, please forward this invitation to any of your renewable energy research and business colleagues that you think might be interested!
REBN-East, the MITEF Energy Special Interest Group, and the
4:30 – 6:30: MITEF Energy SIG Tech-In Program #1: US Army
6:30 on: REBN-East Happy Hour
Do you want to start a clean energy company, but don’t know where the market opportunity lies? Do you have an interesting clean energy technology but are looking for new markets where it might be used? Do you want to enter your exciting new technology in the 2008 Ignite Clean Energy Competition but don’t know what product to target first? The Energy Special Interest Group at the MIT Enterprise Forum of Cambridge is pleased to present its fourth year of programming, which will be focused on Market Pull.
For our first event of the year on September 11, 2007, several Team Leaders from the US Army Labs at
(1) Lightweight energy sources for individual warfighters;
(2) Energy sources for unit organizations/collective protection including high efficiency lighting and field photovoltaics;
(3) Combat Feeding Equipment and System Energy Sources; and
(4) Propulsion and power sources for individual Warfighter robotic applications (SUAV)
· Dr. Lynne Samuelson, Chief Scientist, Office of the Director
· Mr. Don Pickard – DoD Combat Feeding Directorate, "Combat Feeding Equipment and System Energy Sources."
· Mr. Steve Tucker, Shelter Technology, Engineering & Fabrication Directorate, and Barry DeCristofano, Lead for the E-textiles program, "Flexible Photovoltaics," (power shades, battery chargers, etc.)
· Mr. Kailash Shukla, Technology, Systems & Program Integration Directorate, "Soldier Power Needs."
Our presenters will also discuss how to work with these labs to develop the technology they want and need.
This event is a joint program with the
The MITEF Energy SIG events are made possible by the Massachusetts Technology Collaborative (MTC).