SolFocus and Green Earth Fuels
- SolFocus, a solar PV concentrator developer that was incubated at Xerox PARC (we've discussed them before), announced they have taken in $25mm of an anticipated $32mm Series A. This comes very soon after the company's seed round back in February, which is a sign of how hot and heavy VC interest is in solar right now. Funders in this Series A include NEA, NGEN, and Yellowstone Partners. SolFocus has also recently posted listings to hire a Product Champion for their Gen One concentrator product.
- Another biofuels project developer launch: Green Earth Fuels of Houston, planning on building a plant there and in New Orleans, has taken in funding from the Carlyle Group and Riverstone Holdings.