cleantech insights

The Week in Cleantech – Oct 8-14


We saw several interesting deals announced and partnerships formed in cleantech last week.

In public offerings, EleFirst Science & Technology, a Nanjing, China based manufacturer and developer of smart meter reading systems and software solutions, raised RMB 394 million ($62.6 million) when it listed its IPO on the Shenzhen Stock Exchange at RMB 18.18 per share.

In venture capital, investors last week seemed bullish on energy efficiency and transportation-related ventures. In energy efficient data centers, Calxeda raised $55 million in a growth equity round from Battery Ventures, Austin Ventures and others. Meanwhile two companies, Connecticut based Emme and Californian company EcoFactor, each raised rounds for their home energy management solutions.

And in clean transportation, San Francisco, CA based ride-sharing network operator SideCar raised $10 million in its Series A round from Google Ventures and Lightspeed Venture Partners. Meanwhile, Tesla received a grant from the California Energy Commission to help it build its ‘Model X’ electric SUV and INRIX, a developer of a predictive traffic analysis solution to reduce congestion, frustration, and emissions, speculated a $100 million IPO for early 2013.

In M&A, Ecolab, the water & wastewater treatment giant that acquired Nalco last summer for $8.3 billion, last week announced its acquisition of Champion Technologies, a maker of specialty chemicals for oilfield services. The acquisition, valued at approximately $2.2 billion, will surely strengthen Ecolab’s position in the provision of oilfield chemicals, and is a promising sign that the shale gas boom in North America will have no shortage of services at their disposal to ensure safe water use and wastewater treatment.

Finally, in a big partnership for the development of carbon capture and storage (CCS) technology, Shell announced that it had selected Fluor as the EPC contractor for its Quest CCS project.

To dynamically track the latest deals, relationships, and trends in the clean technology space, consider subscribing to our i3 Platform today!

To get this and other Cleantech Insights stories delivered weekly to your inbox, sign up for the Inside Cleantech Newsletter:



You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or create a trackback from your own site.