Tuesday, July 28th, 2009
Israel Cleantech Ventures (ICV) and Capricorn Venture Partners (CVP) announced today that they have invested $6MM in FRX Polymers, Inc. (FRX), the manufacturer of a new, environmentally friendly family of inherently flame retardant plastics. FRX’s products are finding markets as polymeric flame retardant additives and as “stand-alone” inherently flame retardant engineering plastics.
FRX Polymers is currently in the commercialization stage for its family of polyphosphonate homopolymers and copolymers. According to the company, these plastics are tough, transparent, possess high melt flow, and are inherently flame retardant. FRX polymers are environmentally friendly since they do not contain halogens, whereas many other flame retardant additives do contain halogen.
Friday, July 24th, 2009
BrightView Systems, a Petah Tikva, Israel-based start-up developing production process optimization tools for the solar industry, and the Thin-Film Photovoltaics Laboratory at IMT, a world leading lab in silicon-based thin-film solar cells research, part of the Ecole Polytechnique Federale de Lausanne (EPFL), are joining forces to introduce novel solutions for the optimization of next generation thin-film solar cells production.
According to a joint press release, BrightView’s advanced solutions will be utilized to provide real-time feedback to encompass a complete framework for process optimization that is scalable from pilot line to mass production of large area panels.
In January 2009 BrightView finalized a $6 million Series A financing by Israel Cleantech Ventures and Hasso Plattner Ventures. (more…)
Thursday, July 16th, 2009
IQwind, an Israel-based start-up developing variable gear technology that improves the energy generation efficiency of wind turbines, has raised $500,000 from ISRAEL G-TEK LLC, according to an announcement by the U.S.-based investors.
IQwind received a first round of investment from Terra Venture Partners in 2007.
Sami Shiro and Uri Benhamron, principals at ISRAEL G-TEK, explain that the investment in IQWind is part of their “plan to create a balanced portfolio of greentech companies with a special focus on Israel as a breeding ground for technology.”
Monday, July 13th, 2009
In a move that will surely provide an additional boost for the alternative energy industry, and perhaps T. Boone Pickens‘ plan, the US Department of Treasury has finally released guidelines for claiming the grants instead of the federal tax credit. Applications will be submitted online. However, the Treasury will not be accepting applications at this time.
The American Recovery and Reinvestment Act passed in February allowed for business taxpayers to apply for direct payments instead of claiming a tax credit on their income tax return. This applied to the credit under Internal Revenue Code (“IRC”) Section 45 (Energy Produced for Certain Renewable Resources) and IRC Section 48 (Energy Credit). Property that applies to this includes geothermal, biomass, micro wind turbines, and solar amongst others.
Monday, July 6th, 2009
China will break ground this month on a gigantic, $17 billion wind power farm in the northwestern part of the country that will produce 5 gigawatts of power by next year and 20 gigawatts by 2020, according to the official Xinhua news service. The installation in Gansu Province is known as the “Three Gorges of Wind Power” after the gigantic Three Gorges hydroelectric dam on the Yangtze River. As the Wall Street Journal notes, the Gansu wind power installation is scheduled by 2020 to produce five times the power of T. Boone Pickens’ proposed wind power project on the U.S. Great Plains.
Monday, June 29th, 2009
If the headline doesn’t get you, the price tag might: $500 million.
U.S. Secretary of Labor Hilda Solis was in Memphis last week to announce five grant competitions, totaling $500 million, to fund projects that will prepare workers for green jobs in the energy efficiency and renewable energy industries.
Sharpen your pencils. Four of the contests are aimed at training workers through various national, state and community outlets, according to Solis:
- Energy Training Partnership Grants;
- Pathways Out of Poverty Grants;
- State Energy Sector Partnership and Training Grants;
- Green Capacity Building Grants.
Friday, June 26th, 2009
Jennifer Kho this week asks what I can only assume is a rhetorical question on Green Inc. Blog at NYT, “Is Washington the New Wall Street for Cleantech?”
There was almost $30 billion in the stimulus bill that could be described as allocated toward cleantech. Lobbyists are flocking to the Hill on Waxman-Markey, and they don’t work for free.
There is ample evidence that angels and VCs are now second fiddle to the American taxpayer when it comes to cleantech capital for the next generation of innovation and investment.
Thursday, June 18th, 2009
While the slumping economy has delivered a gut shot to the CleanTech sector, many optimists are confident that a new wave of investment is coming. Even so, one must wade through a torrent of sobering news to arrive at such a conclusion.
A quick peak at recent headlines tell the story. Cleantech.com reported that venture investment in the CleanTech sector dropped 41 percent in 1Q09 compared to the last quarter. And Biofuels Digest has run a series of articles about highly regarded biofuel startups succumbing to market forces (here and here).
Tuesday, June 9th, 2009
Metrolight Ltd., a leading provider of electronic ballast solutions for energy efficient lighting, announced today [June 4, 2009] that it has raised $3 million and appointed Zvi Segal as a Chief Executive Officer.
Zvi Segal, a veteran of Orbotech Group, Applied Materials and Teledata Communication, will lead Metrolight’s growth phase driven by what Metrolight says is strong demand for its energy saving products and services from commercial, industrial and municipal customers across Europe and the US. Metrolight’s High Intensity Discharge (HID) eBallast reduces up to 60% of energy consumed and doubles the life of a lamp. (more…)
Monday, June 8th, 2009
If you’re looking for Clean Tech events, check out the CleanTechies Calendar with hundreds of events and conferences all around the world – from renewable energy to green building to electric vehicles. If you’re looking for something to do this evening – and you happen to be close to Mountain View – I suggest, you attend “Starting a Cleantech Business” – an event organized by the MIT Club and the HBS Association of Northern California. Even if you’re not interested in starting your own business, you might still want to hear the panelists speak: Matt Goldman, Co-founder and President Sustainable Spaces, Alex Kinnier, Partner at Khosla Ventures, Deborah Magid, Director, Software Strategy, IBM Venture Capital Group, and Scott Newcomb, CEO Virgance. They will highlight pathways into new clean tech careers, explain how to start new clean tech businesses and explore the trends and best practices in transitioning to green business operations.