US Navy

  • 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