Maybe it’s just a biofuels thing this year, but it seems like the feds are giving cleantech grant money to companies and institutions that are based anywhere but in the nation’s capital of venture capital.
The U.S. Secretary of Energy Steven Chu announced six recipients of $36 million in total grant funding via the Department of Energy’s Biomass Program on Friday. That non-dilutive funding went… → Read More
A Richard Branson- and Khosla Ventures-backed biofuels and biochemicals maker, Gevo, raised $107 million, netting an estimated $95.7 million after expenses and underwriting discounts, in an initial public offering yesterday.
The company’s technology and chemical processes use yeast biocatalysts to make isobutanol from sugar. Gevo’s biofuels and biochemicals will offer an alternative to… → Read More
INEOS New Planet BioEnergy — a joint venture between the biofuels division of the chemicals company INEOS, and waste management and biofuel facility consultants New Planet Energy — secured a $75 million loan guarantee from the U.S. Department of Agriculture’s Biorefinery Assistance Program, the government agency confirmed today.
The company plans to use the money to construct and begin… → Read More
At the intriguing intersection of green tech and microbial genomics lies a new discovery that could make biofuel production more efficient and affordable. That discovery is a strain of yeast with above-average alcohol tolerance.
The company’s earlier backers Adams Capital Management, BEV Capital and 9 individual angels provided the tranche money. To date, Additech has raised about $35 million.
The chairman of Additech, Ralph Koehrer, explained in an e-mail that his company will use this… → Read More
As oil continues to spill in the Gulf of Mexico, BP is looking towards alternatives such as biofuels. BP announced today that it will acquire the cellulosic biofuels business of Verenium. The $98.3 million deal includes Verenium’s biofuel facilities in Jennings, LA and San Diego, CA. But it doesn’t include Verenium’s commercial enzyme business, and allows Verenium to develop its own… → Read More
Clean technology remains one of the hottest areas of venture funding. In the second quarter, cleantech venture investments worldwide totaled $2.02 billion across 140 companies, according to market research firm Cleantech Group and Deloitte. The numbers are in line with last quarter’s $2.04 billion, but 43% higher than one year ago.
Exits for the quarter totaled more than $8 billion globally… → Read More
Every once in a while you might see a car go by with a sticker proclaiming “Powered by soybeans” or “I run biodiesel! Ask me how!” or some such message. No doubt you’re curious, as I was. What are these mysterious frybrids, and do you want one? Your curiousity will be satisfied after the link. → Read More