Recent Posts:

Putting cleantech VC in perspective

Rob Day: April 30, 2007, 6:29 AM
From a study released today by Lux Research, here's a picture that's worth a thousand words...

A pdf of the press release can be found here, and there's much more to the report than the above graph. But it's always interesting to see how the scale of VC investment in cleantech, in relation to other forms of funding, stacks up against the attention VCs get in the media and elsewhere...

Arcadian’s $90mm Series A

Rob Day: April 27, 2007, 12:40 PM
  • "Smart grid" M2M wireless network developer Arcadian Networks announced the closing of the last tranche of their $90mm Series A round with an additional $30mm from Goldman Sachs. Other participants in the full round included Gilo Ventures and Clal Industries and Investments. For those with VentureWire subs, Jon Shieber had a nice write-up about the deal today, where he points out that Goldman Sachs has been doing a lot of smart grid investing lately.
  • In other news today, Michigan's non-profit group NextEnergy announced a mutual sourcing and support relationship with Nth Power. As part of the agreement, each group is pledging to send dealflow to each other, and NextEnergy will be...

Lamina Ceramics, Power Efficiency Corp, eMeter, Gordon Murray Design, LanzaTech

Rob Day: April 26, 2007, 5:35 PM
  • LED "light engine" developer Lamina Ceramics announced a $7mm round of financing, led by Easton Capital, and including existing investors Morgenthaler Ventures, Granite Global Ventures, RedShift Ventures, and CID Equity Capital. The solid state lighting industry has seen increased interest lately thanks in part to recent regional efforts to ban incandescent bulbs -- here's a good example... Lamina's focus is on bringing LED lights to market with sufficient brightness to replace incandescent bulbs for general illumination.

Q1 2007 numbers

Rob Day: April 26, 2007, 12:05 PM

Over the past week or so, many of the various groups who track venture capital investments put out their Q1 numbers. Below is a brief re-cap, for those interested. (For those interested in a discussion of the differences in the various approaches, see this previous posting)
  • As previously noted, the Cleantech Venture Network announced this week that Q1 totals for cleantech investing were $903mm across both North America and Europe, representing a 16.5% increase versus Q4 numbers and a whopping 42% increase on Q1 2006. In both regions, energy generation technologies were the largest category, with a little more than half of all capital going into that segment of the market.
  • Eric...

Cleantech investors and carbon and RECs (pt 3)

Rob Day: April 20, 2007, 11:52 AM
It's been more than a week since the second installment on this topic (and you can find the first installment here), but if anything, it's an even more relevant topic after a week's worth of news developments. After all, as Kevin, a "serial entrepreneur", says in this WaPo column, "The venture capital community's appetite for green-tech deals has skyrocketed since the Supreme Court ruling."

Given the emerging momentum behind carbon and REC markets, and if it's true that carbon credit markets are particularly well-poised for significant growth in the US, what are investors doing about it?

Some are, naturally, investing directly into carbon sequestration-related technologies and startups...

Smart energy gets a comp: Comverge IPO

Rob Day: April 13, 2007, 7:52 AM
For those (like yours truly) who find "Smart Energy" (IT-enabled energy efficiency and demand automation) technologies to be a compelling investment space, it will be very interesting to watch today's IPO by Comverge.

So far, so good -- trading in the early hours is above the $18/share pricing, which itself was a revision upward from earlier guidance. Apparently not everyone is convinced... But even if the price doesn't hold up over time, the exit is still a good validation for the entire smart energy space.