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Weekly Investment Highlights (Oct 28, 2011)

Hans Chen

Each week our research team tracks cleantech transactions across the globe. This week we recorded 75 investments, nine M&As, 153relationships and 25other news items. Below are some of the highlights. The complete version of the weekly roundup can be found here.

New Investments

New Mergers & Acquisitions

  • OpenCEL was acquired by Trojan Technologiesfor an Undisclosed Amount. OpenCEL will operate as a division of US Peroxide, a Trojan Technologies business headquartered in Atlanta, GA.
  • Southtex Treaters was acquired by Kinder Morganfor $155,000,000. Kinder Morgan further grows its natural gas treating business with this acquisition.

New Relationships

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Guest Analysis: cleantech in Warsaw calling Palo Alto!

Parker Snyder

My iPhone is pixie dust and magic. My hypothesis was re-affirmed the other day when I was in New York to meet with the portfolio manager of a hedge fund, and I called back home across the ocean to talk to my ten month old son. With the aid of my smart phone (and my wife), I could look into the eyes of the broccoli monster, and tell him – face to face – that I loved him.

But the iPhone could do better. Instead of staring into a tiny 2 inch touch screen, imagine if I could project my toothless bundle of joy onto the wall. Imagine if I could turn my smart phone into a movie projector. Would that app be worth $1.99?

In a few years, your iPhone will be able to do just that: project video on the wall of your home. When it does, you may have a crystalline laser technology to thank – or more specifically – the next generation of semi-conductor crystals derived from gallium nitride. These crystals give off more light at less energy. These crystals will allow your smart phone to project movies. When, finally, human kind has managed to condense a movie theatre …

Water: Week in Review

artipatel

This week’s water news includes exciting stories from Trojan Technologies, GE Water, and Fountain Quail Water Management.  Read below for more on these and other exciting stories:

M&A/ Partnerships

Guest Analysis: Obama Cleantech Stimulus: Bad Policy, Bad Politics and Bad for Cleantech

Guest Analyst: David Gold

The Solyndra debacle is no surprise to this cleantech venture capitalist. The inherent conflict between trying to get money out of the U.S. Treasury as quickly as possible to stimulate the economy and, at the same time, have government agencies that are ill-suited at making business decisions do just that was nothing other than a recipe for disaster.

Anytime a government program is giving money to the private sector with the intent of getting the money back, the program is doomed to failure.  Bureaucracies, politics and the lack of a profit motive simply don’t allow government to succeed in business.   Anyone who was surprised that politics played a role in the loan decision for Solyndra (and almost certainly other awardees) is very naïve.

Even if, by some miracle, the government could make good business decisions void of political influence, such programs are still doomed to failure because the public and media won’t allow for even one loan or investment to fail. In venture capital we make investments that don’t succeed and we fail often.  Yet, we are still successful on the whole.  Our successes more than compensate for our failures.  The government has no ability to operate this way.  Even if a program like the DOE …

Great photo collection depicting Better Place’s EV battery-switching process

TroyAult

…at MIT Tech Review: Energy

http://www.technologyreview.com/energy/38839/page1/#photo

 

 

 …

Global Cleantech 100: An Interview with Mark McGough, CEO, Ioxus

Whitney Michael

I had the pleasure of speaking with Mark McGough, CEO of Ioxus, just after the conclusion of the “Asia Advantage” panel at the Global Cleantech 100 Summit on October 18.  He spoke on Ioxus’ strategy to expand in Asia alongside representatives from Boston-Power, LanzaTech and Waterhealth.

Ioxus, one of this year’s Global Cleantech 100 companies, makes ultracapacitors that other companies put in their products to make them more efficient and work better.  Mark was kind enough to speak with me about Ioxus’ product, strategy and being a part of the Global Cleantech 100.

Describe your ultracapacitor technology for us.

We make components that go into other people’s products.  If I can paraphrase BASF, we make their products better.  We make wind turbines more efficient, we make hybrid buses perform better, we make flashlights last longer.  In each case, we provide an ultracapacitor-based form of energy storage.

The number of ways designers are using ultracapitors exponentially increases each year.  it doesn’t have as much energy storage capacity as a battery, but it charges very quickly in a matter of seconds….you can charge and discharge it a million times and it’s much more powerful. So it has higher power density, so when you need …

Weekly Investment Highlights (Oct 21, 2011)

Hans Chen

Each week our research team tracks cleantech transactions across the globe. This week we recorded 37 investments, 18 M&As, 228 relationships and eight other news items. Below are some of the highlights. The complete version of the weekly roundup can be found here.

New Investments

  • Vivint Solar received $75,000,000 from US Bancorp. Vivint Solar will continue its push to provide affordable solar energy into consumer homes for between about $50 and $70 per month.
  • Waze received $30,000,000 from Horizon Ventures and Kleiner Perkins Caufield & Byers (KPCB). The company plans to capitalize international opportunities, particularly in China.
  • Consert received $7,000,000 from an undisclosed investor. The target amount of this financing round is $8.75 million, according to a regulatory filing.

New Mergers & Acquisitions

New Relationships

Water: Week in Review

artipatel

This was a popular week for joint ventures and partnerships, mostly aimed at expanding market reach.  In-Pipe Technology, ENPAR Technologies, and GE all formed separate agreements that should help their technologies reach more consumers around the world.  For details on these stories and more, continue reading below:

M&A/ Partnerships

  • STW Resources executed a joint venture agreement with CK Investments Energy Company to commission a

The 2011 Global Cleantech 100 is here

Whitney Michael

The 2011 list of the top private companies in clean technology has been released.  Based on Cleantech Group data and vetted by a panel of international experts, this is the only list based not on one or two people’s editorial opinions, but on the collective opinion of the world’s cleantech leaders.

The list was announced live at the Global Cleantech 100 Gala dinner in DC on Monday night to a sold out crowd that included executives from over 30 of the 100 companies.

We invite you to read the 2011 report and let us know what you think.  

For the first year, all the companies in the Global Cleantech 100 are profiled in the i3 research platform.

Some facts from this year’s report:

  • The United States leads with the most companies on the list in absolute numbers.
  • Weighted for size of economy, the frontrunners are smaller countries such as Denmark, Israel, the Netherlands and Sweden.
  • Over 350 investors, from 28 different countries, hold shares in the 100 companies.
  • Kleiner Perkins Caufield & Byers is the most prolific shareholder this year, with investment in 14 companies on the list. Generation Investment Management has the highest percentage of its investee

Weekly Investment Highlights (Oct 14, 2011)

Hans Chen

Each week our research team tracks cleantech transactions across the globe. This week we recorded 65 investments,  25 M&As, 198 relationships and 20 other news items. Below are some of the highlights. The complete version of the weekly roundup can be found here.

New Investments

New Mergers & Acquisitions

New Relationships

  • Vestas Wind Systems added E.ONas a Customer. E.On has ordered 99MW in wind turbines from Vestas for Anacacho wind farm in