Big week for cleantech deals
Lots of deals to catch up on here at the end of the week:
- Energy efficiency is the new "IT" sector (apologies for a very bad pun): Computer/server efficiency software provider Verdiem has raised a $8.33mm round of financing led by Kleiner Perkins, and including participation by The Westley Group, Phoenix Partners, Falcon Partners, Catamount Ventures, Angeleno Group, and Trevor Traina (angel). The company's software allows computer system administrators to remotely override PC users when they re-set their efficiency settings (turning off "sleep" mode, for example).
- Thin-film (CIGS) solar developer SoloPower raised a $30mm Series B, led by Convexa Capital, and including participation by Scatec AS and Spencer Energy AS. Existing investors Crosslink Capital, Firsthand Capital Management and Musea Capital also took part in the financing. VentureWire noted that the team had had a term sheet with a "very reputable" (note: VWire's quote marks) U.S. VC before going with this mostly Norwegian group of backers.
- Another thin-film solar startup (this time using amorphous Si), MWOE Solar, announced a $7mm Series A led by Emerald Technology Ventures, and including participation by NGP Energy Technology Partners.
- Linking themselves with the energy efficiency angles of RFID and sensors, Germany-based Nanotron announced an EUR 10mm round of financing led by zouk ventures, and including existing investors Polytechnos, Danfoss, and IBB Beteiligungsgesellschaft - VC Fonds Berlin.
- Another sensor company, SpectraSensors, which manufactures tunable diode laser-based sensors for gas analysis, announced a $14mm Series C. Nomura's New Energy and Clean Technology Ventures group led the round, which also included CTTV Investments (Chevron's venture capital arm) along with existing investors American River Ventures, Blueprint Ventures, and Nth Power. The firm has been making strong strides in the optical sensors space and is one of the best examples of telecommunications tech being re-purposed into advanced sensing technologies with cleantech applications. The deal is also one of the first public announcements for Nomura's new cleantech group, whose team includes cleantech venture veterans Russell Pullan and Whitney Rockley. So cheers all around...
- 6N Silicon, which is developing a method for less expensive production of solar grade silicon, made a public announcement of their C$6mm Series A. Ventures West and Yaletown Venture Partners led the round. The company also announced that they've taken in C$4mm from SDT Canada to help build out a demonstration line.
- Cerion Energy, which is developing a diesel fuel additive with efficiency and pollution reduction benefits, announced a $1.2mm Series A financing. Braemar Energy Ventures led the round, which also included Excell Partners.
- VentureWire reported that Korean brushless DC motor developer SNTech has taken in a $1.2mm or $1.5mm (some discrepancies in the article) seed round of financing from SAIL Venture Partners, which took a 25% ownership stake in the company. The company had $2.5mm in revenue in 2006 and offers cheaper and more efficient motors versus incumbent designs. VWire also revealed this past week that SAIL is in the process of raising their first institutional LP-backed fund, and that the firm has several European such backers committed to what is targeted to be a $100mm total fund raise.
REMINDER for the next REBN-East networking event:
July 19th, at Flat Top Johnny's in Kendall Square, 6:30pm.
July 19th, at Flat Top Johnny's in Kendall Square, 6:30pm.
posted by Rob Day at 6:45 PM
1 Comments:
Dear Mr. Day,
I loved your article on no free lunches.
Here is my pick of the lowest cost lunch technology, once all the combined benifits are accounted for.
I thought the current news and links on Terra Preta soils and closed-loop pyrolysis would interest you.
Thanks, Erich
SCIAM Article May 15 07
http://www.sciam.com/article.cfm?articleID=5670236C-E7F2-99DF-3E2163B9FB144E40
After many years of reviewing solutions to anthropogenic global warming (AGW) I believe this technology can manage Carbon for the greatest collective benefit at the lowest economic price, on vast scales. It just needs to be seen by ethical globally minded companies.
Could you please consider looking for a champion for this orphaned Terra Preta Carbon Soil Technology.
The main hurtle now is to change the current perspective held by the IPCC that the soil carbon cycle is a wash, to one in which soil can be used as a massive and ubiquitous Carbon sink via Charcoal. Below are the first concrete steps in that direction;
Tackling Climate Change in the U.S.
Potential Carbon Emissions Reductions from Biomass by 2030by Ralph P. Overend, Ph.D. and Anelia Milbrandt
National Renewable Energy Laboratory
http://www.ases.org/climatechange/toc/07_biomass.pdf
The organization 25x25 (see 25x'25 - Home) released it's (first-ever, 55-page )"Action Plan" ; see http://www.25x25.org/storage/25x25/d...ActionPlan.pdf
On page 31, as one of four foci for recommended RD&D, the plan lists: "The development of biochar, animal agriculture residues and other non-fossil fuel based fertilizers, toward the end of integrating energy production with enhanced soil quality and carbon sequestration."
and on p 32, recommended as part of an expanded database aspect of infrastructure: "Information on the application of carbon as fertilizer and existing carbon credit trading systems."
I feel 25x25 is now the premier US advocacy organization for all forms of renewable energy, but way out in front on biomass topics.
There are 24 billion tons of carbon controlled by man in his agriculture , I forgot the % that is waste, but when you add all the other cellulose waste which is now dumped to rot or digested or combusted and ultimately returned to the atmosphere as GHG, the balanced number is around 24 Billion tons. So we have plenty of bio-mass.
Even with all the big corporations coming to the GHG negotiation table, like Exxon, Alcoa, .etc, we still need to keep watch as they try to influence how carbon management is legislated in the USA. Carbon must have a fair price, that fair price and the changes in the view of how the soil carbon cycle now can be used as a massive sink verses it now being viewed as a wash, will be of particular value to farmers and a global cool breath of fresh air for us all.
If you have any other questions please feel free to call me or visit the TP web site I've been drafted to co-administer. http://terrapreta.bioenergylists.org/?q=node
It has been immensely gratifying to see all the major players join the mail list , Cornell folks, T. Beer of Kings Ford Charcoal (Clorox), Novozyne the M-Roots guys(fungus), chemical engineers, Dr. Danny Day of EPRIDA , Dr. Antal of U. of H., Virginia Tech folks and probably many others who's back round I don't know have joined.
Also Here is the Latest BIG Terra Preta Soil news;
ConocoPhillips Establishes $22.5 Million Pyrolysis Program at Iowa State 04/10/07
Mechabolic , a pyrolysis machine built in the form of a giant worm to eat solid waste and product char & fuel at the "Burning Man" festival ; http://whatiamupto.com/mechabolic/index.html
Here is my current Terra Preta posting which condenses the most important stories and links;
Terra Preta Soils Technology To Master the Carbon Cycle
Man has been controlling the carbon cycle , and there for the weather, since the invention of agriculture, all be it was as unintentional, as our current airliner contrails are in affecting global dimming. This unintentional warm stability in climate has over 10,000 years, allowed us to develop to the point that now we know what we did,............ and that now......... we are over doing it.
The prehistoric and historic records gives a logical thrust for soil carbon sequestration.
I wonder what the soil biome carbon concentration was REALLY like before the cutting and burning of the world's forest, my guess is that now we see a severely diminished community, and that only very recent Ag practices like no-till and reforestation have started to help rebuild it. It makes implementing Terra Preta soil technology like an act of penitence, a returning of the misplaced carbon to where it belongs.
On the Scale of CO2 remediation:
It is my understanding that atmospheric CO2 stands at 379 PPM, to stabilize the climate we need to reduce it to 350 PPM by the removal of 230 Billion tons of carbon.
The best estimates I've found are that the total loss of forest and soil carbon (combined
pre-industrial and industrial) has been about 200-240 billion tons. Of
that, the soils are estimated to account for about 1/3, and the vegetation
the other 2/3.
Since man controls 24 billion tons in his agriculture then it seems we have plenty to work with in sequestering our fossil fuel CO2 emissions as stable charcoal in the soil.
As Dr. Lehmann at Cornell points out, "Closed-Loop Pyrolysis systems such as Dr. Danny Day's are the only way to make a fuel that is actually carbon negative". and that " a strategy combining biochar with biofuels could ultimately offset 9.5 billion tons of carbon per year-an amount equal to the total current fossil fuel emissions! "
Terra Preta Soils Carbon Negative Bio fuels, massive Carbon sequestration, 1/3 Lower CH4 & N2O soil emissions, and 3X FertilityToo
This some what orphaned new soil technology speaks to so many different interests and disciplines that it has not been embraced fully by any. I'm sure you will see both the potential of this system and the convergence needed for it's implementation.
The integrated energy strategy offered by Charcoal based Terra Preta Soil technology may
provide the only path to sustain our agricultural and fossil fueled power
structure without climate degradation, other than nuclear power.
The economics look good, and truly great if we had CO2 cap & trade or a Carbon tax in place.
.Nature article, Aug 06: Putting the carbon back Black is the new green:
http://bestenergies.com/downloads/naturemag_200604.pdf
Here's the Cornell page for an over view:
http://www.css.cornell.edu/faculty/lehmann/biochar/Biochar_home.htm
University of Beyreuth TP Program, Germany http://terrapreta.bioenergylists.org/?q=taxonomy/term/118
This Earth Science Forum thread on these soils contains further links, and has been viewed by 19,000 self-selected folks. ( I post everything I find on Amazon Dark Soils, ADS here):
http://forums.hypography.com/earth-science/3451-terra-preta.html
Here's a Terra Preta web site at REPP-CREST I've been drafted to administer . http://terrapreta.bioenergylists.org/?q=about
It has been immensely gratifying to see all the major players, both academic and private companies, join the mail list & discussion, Cornell folks, T. Beer of Kings Ford Charcoal (Clorox), Novozyne the M-Roots guys(fungus), chemical engineers, Dr. Danny Day of EPRIDA , Dr. Antal of U. of H., many Virginia Tech folks and many others who's back round I don't know have joined.
There is an ecology going on in these soils that is not completely understood, and if replicated and applied at scale would have multiple benefits for farmers and environmentalist.
Terra Preta creates a terrestrial carbon reef at a microscopic level. These nanoscale structures provide safe haven to the microbes and fungus that facilitate fertile soil creation, while sequestering carbon for many hundred if not thousands of years. The combination of these two forms of sequestration would also increase the growth rate and natural sequestration effort of growing plants.
The reason TP has elicited such interest on the Agricultural/horticultural side of it's benefits is this one static:
One gram of charcoal cooked to 650 C Has a surface area of 400 m2 (for soil microbes & fungus to live on), now for conversion fun:
One ton of charcoal has a surface area of 400,000 Acres!! which is equal to 625 square miles!! Rockingham Co. VA. , where I live, is only 851 Sq. miles
Now at a middle of the road application rate of 2 lbs/sq ft (which equals 1000 sqft/ton) or 43 tons/acre yields 26,000 Sq miles of surface area per Acre. VA is 39,594 Sq miles.
What this suggest to me is a potential of sequestering virgin forest amounts of carbon just in the soil alone, without counting the forest on top.
To take just one fairly representative example, in the classic Rothampstead experiments in England where arable land was allowed to revert to deciduous temperate woodland, soil organic carbon increased 300-400% from around 20 t/ha to 60-80 t/ha (or about 20-40 tons per acre) in less than a century (Jenkinson & Rayner 1977). The rapidity with which organic carbon can build up in soils is also indicated by examples of buried steppe soils formed during short-lived interstadial phases in Russia and Ukraine. Even though such warm, relatively moist phases usually lasted only a few hundred years, and started out from the skeletal loess desert/semi-desert soils of glacial conditions (with which they are inter-leaved), these buried steppe soils have all the rich organic content of a present-day chernozem soil that has had many thousands of years to build up its carbon (E. Zelikson, Russian Academy of Sciences, pers. comm., May 1994). http://www.esd.ornl.gov/projects/qen/carbon1.html
All the Bio-Char Companies and equipment manufactures I've found:
Carbon Diversion
http://www.carbondiversion.com/
Eprida: Sustainable Solutions for Global Concerns
http://www.eprida.com/home/index.php4
BEST Pyrolysis, Inc. | Slow Pyrolysis - Biomass - Clean Energy - Renewable Ene
http://www.bestenergies.com/companies/bestpyrolysis.html
Dynamotive Energy Systems | The Evolution of Energy
http://www.dynamotive.com/
Ensyn - Environmentally Friendly Energy and Chemicals
http://www.ensyn.com/who/ensyn.htm
Agri-Therm, developing bio oils from agricultural waste
http://www.agri-therm.com/
Advanced BioRefinery Inc.
http://www.advbiorefineryinc.ca/
Technology Review: Turning Slash into Cash
http://www.technologyreview.com/Energy/17298/
The International Agrichar Initiative (IAI) conference held at Terrigal, NSW, Australia in 2007. ( http://iaiconference.org/home.html ) ( The papers from this conference are now being posted at their home page)
.
If pre-Columbian Indians could produce these soils up to 6 feet deep over 15% of the Amazon basin it seems that our energy and agricultural industries could also product them at scale.
Harnessing the work of this vast number of microbes and fungi changes the whole equation of energy return over energy input (EROEI) for food and Bio fuels. I see this as the only sustainable agricultural strategy if we no longer have cheap fossil fuels for fertilizer.
We need this super community of wee beasties to work in concert with us by populating them into their proper Soil horizon Carbon Condos.
I feel Terra Preta soil technology is the greatest of Ironies.
That is: an invention of pre-Columbian American culture, destroyed by western disease, may well be the savior of industrial western society.
Thanks,
Erich
Erich J. Knight
Shenandoah Gardens
E-mail: shengar@aol.com
(540) 289-9750
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