Solazyme

  • D.O.E. Grants $83 Million To Biofuels Startups (Not One Of Them In Silicon Valley)

    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… Read More

  • Algae Biofuels Maker Solazyme Goes Public, Finally, Raking In $197.6 Million

    Shares in Solazyme, the makers of algae biofuels and algae-based oils and chemicals used in health and beauty products, began trading on Nasdaq under the symbol SZYM.O on Friday. The business set an initial public offering price at $18, but its stock opened at $20 and traded between $19.60 and $22.00 throughout the day, with 10.98 million shares sold, raising about $197.6 million for the… Read More

  • Cobalt Technologies Raises $20 Million To Make Plant-Based Jet Fuel And Paint

    Cobalt Technologies, a cleantech startup in Mountain View that develops and makes biobutanol, closed a $20 million series D funding round, the company revealed today. The investment arm of Parsons & Whittemore (the Whittemore Collection) led the round, joined by all of Cobalt’s earlier venture backers: Pinnacle Ventures, Malaysian Life Sciences Capital Fund, VantagePoint Capital… Read More

  • Solazyme Provides U.S. Navy with Algal Jet Fuel

    Biofuel producer Solazyme delivered 1,500 gallons of its algae-based jet fuel to the U.S. Navy’s testing and certification program today, helping the military reach its goal of switching half of its fleet to clean fuel by 2020. The Navy will use the fuel to power jets. Solazyme produces fuel by fermenting algae to create oils and biomaterials including fuel, skin care, chemical and … Read More