| Updated: 2/12/2007; 8:37:25 AM. |
| Ken Novak's Weblog Purpose of this blog: to retain annotated bookmarks for my future reference, and to offer others my filter technology and other news. Note that this blog is categorized. Use the category links to find items that match your interests. Subscribe to get this blog by e-mail. New: Read what I'm reading on Bloglines. Battery investor roundup: "A123 Systems Inc., a Watertown, Mass.-based battery maker today raised $40 million in Series D funding [making] it the sector’s best-capitalized company, having raised a total of around $102 million since being founded in 2001. General Electric Commercial Finance led the round, with other return backers ... The only new investor was Duracell maker Procter & Gamble...
A123 Systems makes lithium-ion batteries.. A123 products are non-combustible and “do not release oxygen if exposed to high temperature or in the event of battery failure or mechanical abuse.” .. Its initial contract was for a line of Black & Decker power tools, but more recently signed a deal to help develop battery packs for General Motors’ upcoming line of plug-in hybrid vehicles (most current hybrids use nickel-metal hydride)... [US] Army venture arm OnPoint is [an investor] so that soldiers can carry lighter battery packs that won’t catch fire if pierced by shrapnel. A quick search of the Thomson VentureXpert database shows that ten lithium-ion battery companies have raised VC funding in the past two years. The second-largest raiser after A123 is Golden, Colo.–based Infinite Power Corp., which scored around $35 million in Series A funding from firms like Applied Ventures, Core Capital Partners, D.E. Shaw, Polaris Venture Partners, In-Q-Tel and Springworks. Next up was Boston-Power, which raised nearly $25 million (at a $60m post-money valuation) from firms like Gabriel Venture Partners, Granite Global Ventures and Venrock Associates." 12:45:32 AM LEED certified mass-produced home: Nice photos and videos of Living Homes' modern, sustainable, factory built design. 12:25:50 AM
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