cleantech insights

The Week in Cleantech – Nov. 5 – 11


Investors are still showing cleantech companies some love when able to find the right deals.

The last few quarters have seen the average cleantech venture capital round size shrink right alongside total quarterly investment figures, and we’ve noted that investors are becoming a bit more tight-fisted in the face of serious political and structural sector headwinds. Last week, however, GigaOm uncovered a regulatory filing disclosing BrightSource Energy‘s intent to up its already-large $80 million round from October to $130 million. Meanwhile, we saw two very respectable growth equity rounds with LightSail Energy (compressed air energy storage) raising $37 million, and Transonic Combustion (efficient internal combustion engines) raising $32 million.

In partnership news, we found out that building efficiency startup SCIenergy seems to be moving beyond its recent legal and management struggles with three big new property management customers. Shorenstein, Lend Lease, and LBA Realty will all be installing the company’s energy management tools in select managed properties as SCIenergy announced that its space-under-management has grown from 15 million square feet two years ago to 150 million square feet today.

Finally, in fund news, Google announced that it would be upping its annual outlay for its corporate venture arm, Google Ventures, from $200 million to $300 million, as the firm’s partners said they expect to increase their involvement in later stage investment rounds as they grow.

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