Updated: 2/12/2007; 8:44:43 AM.

Future energy
Renewables, fuel cells, hydrogen, and efficiency

daily link  Saturday, January 27, 2007

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  permalink  

LEED certified mass-produced home:  Nice photos and videos of Living Homes' modern, sustainable, factory built design.
  12:25:50 AM  permalink  

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Copyright 2007 © Ken Novak.
Last update: 2/12/2007; 8:44:43 AM.