Article
graciously provided by:
Eric Wesoff,
SAGE Marketing Partners
publisher of the Venture Power
newsletter
Consulting and Funding services in
Photonics and Alternative Energy
+1 650 346 5600
wesoff@mindspring.com , and reproduced with
permission.
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2006 YTD
VC Investment in Clean Energy Venture Power |
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|
|
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|
Ethanol / BioFuels /
Clean Coal |
$659M |
23 deals |
|
Solar |
$242M |
17 deals |
|
Fuel Cells |
$234M |
14 deals |
|
Smart Grid / EE / DR |
$90M |
10 deals |
|
Batteries |
$86M |
7 deals |
|
Automotive /
Transport |
$69.5M |
3 deals |
|
Sensors |
$15M |
3 deals |
|
Tidal, Wind, Misc |
$80.5M |
4 deals |
|
Total
through Q3 06 |
$1478M |
81 deals |
|
2006
Venture Capital Investment in Clean Energy through Q3 ‘06 Source:
Venture Power Newsletter |
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|
Company |
Technology |
Amount |
Round |
Investors |
|
|
|
|
|
|
|
Fuel
Cells |
|
$234M |
14 deals |
|
|
|
SOFCs |
2.3M |
AA |
|
|
ClearEdge Power |
Si based stationary FC systems for backup power |
$2M |
A |
Applied Ventures |
|
Lilliputian Systems |
MEMS-based micro FCs |
|
|
Hercules |
|
Smart Fuel Cells |
DMFCs |
$18.5M |
|
|
|
Oorja Protonics |
Alcohol based fuel cells |
$5.5M |
A |
Sequoia Capital |
|
Relion |
Hydrogen based FCs |
$20M |
|
Oak, EPVC, Wall St. Tech Partners, Chrysalix, Buerk Dale
Victor, Avista |
|
Pemeas |
Catalysts, electrodes, MEAs for PEM, DMFCs |
$7.6 |
|
CDP Cap Tech Ventures, Conduit Ventures, SAM PE, Celanese,
et al |
|
Hy9 |
H purifiers for FCs and reformers |
$2.3M |
A |
|
|
Bac2 |
Polymer for fuel cell stacks |
$900K |
seed |
|
|
Ion |
SOFCs for distributed energy |
$103M |
D |
KPCB, Mobius, NEA |
|
Tekion |
Micro fuel cells for portable applications |
$24M |
C |
|
|
Deeya Energy |
Energy storage devices for load-shifting and UPS |
$7.5M |
A |
BlueRun Ventures, DFJ, DFJ Element |
|
Tekion |
Micro fuel cells for portable electronics |
$24M |
C |
|
|
Angstrom Power |
Small scale hydrogen fuel cells |
$18M |
B |
VantagePoint, Ventures West, Growthworks Capital,
Chrysalix, OPG , Micro-Gen Tech Fund |
|
|
|
|
|
|
|
Batteries |
|
$86M |
7 deals |
|
|
A123 |
High Power Lithium |
$30M |
C |
GE, |
|
ZMP |
Silver-Zinc |
$7.2 |
C |
Intel, OnPoint, |
|
Enfucell |
Thin flexible paper battery |
$750K |
A |
|
|
Lion Cells |
Lithium Ion |
$3.6M |
A |
|
|
Carbon Micro |
Carbon MEMS battery |
$500K |
seed |
Angel investors |
|
|
Lithium Ion |
$9M |
B |
Gabriel, et al |
|
Infinite Power
Solutions |
Thin film rechargeable batteries for RFID, smart cards,
medical, microelec. |
$34.7M |
A-1 |
Core Capital, Polaris, |
|
|
|
|
|
|
|
Energy
Efficiency Demand
Response Smart
Grid |
|
$90M |
10 deals |
|
|
Intelliburn |
Optimizing and controlling industrial steam boilers |
$1M |
A |
TTI Technologies |
|
Comverge |
Demand response hardware and software |
$5.5M |
C |
Air Products, Partners for Growth, Nth Power, EnerTech,
Rockport, Norsk Hydro, |
|
GridPoint |
Demand response and energy conservation |
$16M |
B |
Altira Group, Standard Renewable Energy Group , Advantage
Capital Partners |
|
Miartech |
ICs for energy management |
$6M |
A |
DFJ Dragon, DFJ Element, DFJ |
|
Fat Spaniel |
IT infrastructure for renewable and distributed power |
$3.5M |
|
DFJ Element |
|
WebGen Systems |
Software for energy conservation and control in commercial
buildings |
$9.5M |
B |
Sigma Partners, B-W Energy, Greenlight Private Equity
Partners |
|
|
allowing generators and motors to communicate |
$8M |
A |
NEA |
|
Orion Energy Systems |
Metering and control of commercial and industrial lighting
systems |
$4.5M |
C |
Expansion Capital |
|
Gridpoint |
Demand response and energy conservation |
$21M |
C |
Goldman Sachs et al |
|
BPL Global |
Smart grid applications for utilities and broadband
services via power lines |
$25M |
C |
Al-Deera Holdings, IFA, Int’l Finance Co, PA Early State
Partners, SZAR Partners |
|
|
|
|
|
|
|
Ethanol BioFuels Fuel
Additives Clean
Coal |
|
$659M |
23 deals |
|
|
|
Biodiesel process
technology |
$7.5M |
A |
Nth Power, Technology Partners, Vulcan Cap |
|
Stirling |
Combined heat and power from biomass |
$2M |
A |
EGJ, Seed Capital, DFIG |
|
Oryxe Energy |
Fuel additives that reduce toxic emissions |
$27M |
C |
Paladin, |
|
Praj Industries |
Technology, plant, and equipment for ethanol |
? |
? |
KPCB |
|
Altra |
Ethanol and biodiesel’ renewable energy projects |
$50M |
A |
KPCB, Omninet, Sage
Capital, Angeleno Group, Khosla Ventures |
|
GreenFuel Tech |
Algae bioreactor converts smokestack CO2 to fuel |
$6.8M add-on |
B |
Polaris |
|
Iogen |
Enzymes for cellulosic ethanol production |
$27M |
|
Goldman Sachs |
|
|
20Mgy biodiesel plant |
? |
B |
Contango Capital, Chevron Tech Ventures |
|
Prometheus Energy |
Converting waste gas at landfills, coal mines, and dairies
into LNG |
$20.2M |
? |
Libra Natural Resources, et al |
|
Virent Energy Systems |
Hydrogen and fuel gas from biomass |
$7.5M |
? |
Cargill Ventures, ACP, Honda Ventures, Venture Investors |
|
Coal-Tek |
Converting low-rank, mine-run coals into clean coal for
coal fired utilities |
$5M |
B-1 |
Warburg Pincus, DFJ, DFJ Element, Braemar Energy, Tech Partners |
|
|
36Mgy biodiesel plant |
|
|
C&C Biofuels |
|
Vaperma |
Gas separation membranes for ethanol, biodiesel, natural
gas |
$6.2M |
A |
SAM PE, BDC Cap, et al |
|
Altra |
Ethanol and biodiesel’ renewable energy projects |
$120M |
B |
KPCB, Omninet, Sage
Capital, Angeleno Group, Khosla Ventures |
|
BIOX |
Biodiesel |
$48M |
|
Birch Hill Equity |
|
Renewable Energy
Group |
Biodiesel production |
$100M |
A |
Natural Gas Partners, Bunge, EDF & Mann Holdings, et
al |
|
Freedom Fuels |
Biodiesel from soybeans |
$22M |
A |
|
|
Cilion |
Modular 55 gallon per year ethanol plants, 440Mgpy in 2008 |
$200M |
B |
Khosla Ventures, Western Milling, Virgin Fuels, |
|
Ze-Gen |
Waste Gasification |
$2.25M |
A |
Mass Technology Development |
|
Mascoma |
Ethanol from agricultural waste |
$4M |
A |
Khosla Ventures, Flagship Ventures |
|
Luca Technology |
Natural gas-generating bacteria metabolize oil, shale, and
coal |
$3M |
|
BASF Venture Capital |
|
Kergy |
cellulosic ethanol production focusing on anaerobic thermal conversion |
$3.3M |
A |
Khosla Ventures |
|
|
|
|
|
|
|
Solar |
|
$244M |
17 deals |
|
|
Prism Solar |
Holographic optics for PV |
$500K |
A |
Rudd-Klein |
|
Concentrix |
III/IV based PV solar concentrators |
|
A |
Good Energies |
|
Orion Solar |
Dye Sensitive flexible cells |
$1M |
B |
21Ventures |
|
Innovalight |
Nano-based printed PV |
$7.5M |
B |
H&H,Apax,ARCH,SRF |
|
Konarka |
Flexible Plastic solar cells |
$20M |
D |
3i, DFJ, NEA, Good Energies, Vanguard, Partech, Chevron |
|
Solar Century |
Solar homes, commercial and public sector projects |
$10.2M |
|
VantagePoint Venture Partners,
Scottish and Southern Energy |
|
Energy Innovations |
PV solar concentrator systems |
$25M |
C |
Existing shareholders include Idealab and MDV |
|
SunEdison |
Financial solutions based on solar technologies |
>$10M |
|
Goldman Sachs, Allco Finance Group, MissionPoint Capital
Partners |
|
Nanosolar |
CIGS based solar cells on flexible substrates |
$75M |
C |
MDV, Benchmark Capital, Onpoint, Mitsui, SAC Capital and GLG
Partners, Swiss Re, Grazia Equity |
|
NStructures |
Quantum dot based PV |
$6.3M |
A |
Khosla Ventures, Braemar Energy |
|
FlexCell |
Deposition of a-Si on plastic film |
$8.9M |
? |
Q-Cells |
|
SolFocus |
PV concentrator systems with triple junction cells |
$32M |
A |
NEA, et al |
|
CaliSolar |
Low cost polysilicon processing for PV cells |
$9M |
A |
ATV, Globespan |
|
QuNano |
Silicon heterostructure nanowires with solar power
applications |
$6.1M |
A |
Provider Venture Partners, Teknoinvest, BTG, LU
Innovation, LUAB |
|
Orb Energy |
Solar power |
Undiscl |
A |
Cleantech Europe - Zouk, Renewable Cap, et al |
|
SolarCity |
Installing and brokering solar electric power systems for
residences and small firms |
$10M |
A |
Elon Musk, et al |
|
Solaria |
Low-concentration silicon photovoltaics |
$22M |
B |
Q-Cells, Sigma Partners, NGEN, Moser Baer |
|
|
|
|
|
|
|
Automotive
/ Transport |
|
$69.5M |
3 deals |
|
|
ISE |
Hybrid electric drive systems for heavy duty vehicles |
$25M |
B |
NGP Energy Tech, Rockport, |
|
Tesla Motors |
High end electric sport cars |
$40M |
C |
VPVP, DFJ, JP Morgan BA Equity, et al |
|
Oil Purification
Systems |
On-board oil refiner systems for vehicle and industrial
engines |
$4.5M |
A |
Atlantic Capital Group |
|
|
|
|
|
|
|
Sensors |
|
$15M |
3 deals |
|
|
WellDog |
Laser-based detection and measurement of natural gas
yields |
$6.5M |
D |
Axiom, Kozel, |
|
LxSix Photonics |
Optical sensors for the oil and gas industry |
$4M |
debt |
Quorum Group |
|
Cascade Technologies |
Quantum Cascade lasers for emission monitoring |
$4.6M |
B |
Bank of |
|
|
|
|
|
|
|
Tidal |
|
$22.5M |
1 deal |
|
|
Ocean Power Delivery |
Wave Energy Converter |
$22.5M |
? |
GE Technology Lending et al |
|
|
|
|
|
|
|
|
|
|
|
|
|
Wind |
|
$40M |
3 deals |
|
|
|
Small wind generators up to 3kW |
$8M |
B |
Rockport, CTTV (Chevron),
Altira |
|
Shiriram EPC |
Wind, power projects |
$23M |
|
|
|
Proven Engineering |
Small wind 600W-15kW |
$9.3M |
|
The Low Carbon Initiative |
|
|
|
|
|
|
|
|
|
|
|
|
|
Misc. |
|
$18.7M |
1 deal |
|
|
NanoGram |
Materials and processes for optical, electronic, and
energy |
$18.7M |
C |
Tech. Partners, ATA,
Nth Power,Bay, H&H, Rockport, IVP, SBV VP |
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Source:
Venture Power / SAGE Marketing Partners 2006 |
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