Clean technology is a mighty diverse space, with technological innovation occurring in everything from solar cells to clean water to recycling technologies. In any given week, month, or quarter, venture investors can see something new and inspiring and make a big bet on the next game changer. A promising young start up can have a break through with their own scientists or with a big new partnership. In our Quarterly Investment Monitor, released last week and available here for subscribers, we try to add color to the trends across these many sectors and geographies so that you, the potential investors, partners, and entrepreneurs in these next new ventures, can move forward with the knowledge necessary to be successful.
In a given week, it can be difficult to identify any such trends or any one company demonstrating promise, but it’s possible that algal oils company Solazyme showed us something last week. The company formed two exciting new partnerships – with Archer Daniels Midland for production capacity and Propel Fuels for a go-to-market channel – and expanded an existing joint venture with Bunge for renewable oil production in Brazil.
In venture capital, we saw several companies in different cleantech sectors raise funding last week, including Blue River Technology (Agriculture), Akros Silicon (Energy Efficiency), and BioGasol (Biofuels).
We also saw a continuation of pain in the solar sector last week as Twin Creeks Technologies, a developer of technology enabling the cutting of ultra-thin silicon wafers, was bought in a fire-sale by GT Advanced Technologies, and original CPV manufacturer SolFocus announced it would restructure to prepare for a sale of the business.
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