Dan Primack revealed an up to $30mm Series B
for coal gassification startup GreatPoint Energy
, with involvement by Kleiner Perkins. He also provides details on the previous $6.55mm Series A, by Advanced Technology Ventures and DFJ. Dan also editorializes a bit about "clean coal" as an investment area, but it should be noted that it's certainly a space that a great many VCs are looking into right now, for what that's worth. It should also be noted that there are more than three VC-backed companies involved in the space (Dan even mentioned one other in his last clean coal column
), especially if you include pollution abatement equipment, carbon sequestration approaches, supporting sensors and monitoring techs, etc.
News also came out recently of a watertech-focused VC firm being raised in Israel
, H2Tech. Something between $12-20mm (the article is unclear) has already been committed to this first fund, targeted at $50mm.
Other items of interest: Here's the transcript
of Warren Leon's thoughtful keynote from a recent Hydrogen and Fuel Cell Summit... More pressure to address climate change
, this time from the insurance industry... Some interesting thought
s on biofuels investing... Finally, a review
of some of the recently launched cleantech public market indices.