Gaia Power and CellFor
- Speaking of the "smart grid", Gaia Power announced a $2.25M Series A investment today, led by GHO Ventures (recent space traveller Greg Olsen's investment vehicle), and including the NJTC Venture Fund and the Small Business Technology Investment Fund of the Empire State Development Corporation. Gaia Power's initial energy storage/ backup power products are turnkey systems aimed at both the business and residential markets.
- CellFor, which produces superior tree seedlings for industrial forestry, announced the completion of a US$32M Series C raise, with a corporate investment from DuPont, and including existing investors ATP Capital, CSFB Private Equity, GrowthWorks Capital, and BDC Venture Capital. CellFor's "naturally-selected" varietal pine seedlings are disease resistant, and provide higher yield and wood characteristics, thus improving efficiency of industrial forestry operations. This is one of those investment areas where "cleantech" is in the eye of the beholder -- readers are invited to comment pro and con.
posted by Rob Day at 7:03 PM
6 Comments:
Ba Ha?
cellfor is no clean
A progressive hi-tech company named after Gaia, the ancient [false] goddess of the earth...how creepy is that??!
Post war chemical companies have manufactured NPK fertiliser that produces higher yield crops that are less nutritious and are more susceptable to insects (to which these same companies provide the insecticide with which to poison us). As a result, we are paying the price with poor health and an over-burdened health care system.
Given the universal principle of Newton's third law of physics ("For every action, there is an equal and opposite reaction."), what then, can we expect the inevitable effect that genetically modified trees will have on our environment and ultimately...us???
...or does it really matter as long as someone makes a buck?
Hmmm, no comment eh?
As far as we know, these trees are CLONAL, not GMO.
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