Opportunity to Meet with Applied Ventures on July 21

On July 21, the Environmental Business Cluster (EBC) will provide an opportunity to meet with Applied Ventures, the venture capital fund of Applied Materials. This program, which will take place in Mountain View, California, is part of EBC's "Meet with" series - a partnering and coaching series designed to facilitate meetings between cleantech entrepreneurs and investors, customers and potential partners. Each approved attendee will receive an individual meeting with Annette Finsterbusch, Director, Applied Ventures.

Attendees must apply and be approved to attend a one-on-one session.  To apply, please send your Executive Summary by June 30, 2010 to melissa [at] prescienceintl.com.

You will be notified on July 9, 2010 if your application is accepted or rejected. Registration must be completed upon approval to secure your meeting slot. Costs are as follows:

  • Application fee: FREE
  • Registration for one company representative: $75
  • Registration for two company representatives: $100
  • Registration for three company representatives: $175

Separate from the one-on-one meetings, there is an opportunity to attend a presentation and Q&A on July 21 from 9:30 am – 10:30 am where Directors from Applied Ventures will explain how entrepreneurs can work with them and what they look for in a company.  Thanks to our friends at EBC, readers of Green VC can obtain discounted tickets to the presentation session when registering in advance by following these steps:

  • Go to the online event registration page
  • Select your tickets from the "Presenation Partner Price" section of the page
  • Enter "Green VC" [without the quotes] in the portion of the page where "Please indicate your partner affiliation" is indicated.

Early pre-registration is recommended for this event (there will be no on-site registration).  The one-on-one and general presentation session will be held at Fenwick & West LLP, 801 California Street, Mountain View, CA 94041. For more information:

Wakonda Technologies Raises $9.5 Million in Series A Funding

Wakonda Technologies

Wakonda Technologies, a company that is developing an inexpensive, patent-pending material that enables the production of high performance solar cells, announced on July 16th that it raised a $9.5 million round of series A venture capital financing from (Advanced Technology Ventures (ATV), General Catalyst Partners, Polaris Venture Partners, Applied Ventures (the venture capital arm of Applied Materials) and the Massachusetts Green Energy Fund.

"We are actively working to reduce the cost of solar systems to make solar energy competitive with conventional electric power," said Wakonda Founder and CEO Les Fritzemeier. "We’re delighted to have the support of this top-tier group of investors to help us accomplish this goal. Their experience and track records give us additional confidence that we will achieve our commercial market objectives."

The company has been developing its technology in conjunction with the Rochester Institute of Technology, where Wakonda Co-founder and CTO Ryne Raffaelle leads the NanoPower Research Lab, and with Cornell University and the NASA Glenn Research Center.  In 2007 Wakonda was selected as the Clean Energy Entrepreneur of the Year at the 20th Industry Growth Forum sponsored by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).  A copy of Wakonda’s presentation from this event is available below (click on image to access).

For more information:

SunEdison Closes $161 Million in Financing

SunEdison

SunEdison, a Beltsville, Maryland-based solar energy services company, announced in May that it closed $161 million in financing with new and existing investors over the last six months.  This financing consisted of $131 million of private equity and $30 million of debt financing.  SunEdison indicated that these funds would be used to support the operational resources of the company.

Investors included Greylock Partners, HSH Nordbank AG, Applied Ventures, LLC, Black River Commodity Clean Energy Investment Fund (a fund managed by Black River Asset Management), MissionPoint Capital Partners, and ALLCO Renewable Energy Limited.

For more information:

Fat Spaniel Technologies Receives $18 Million in Series B Financing

Fat Spaniel Technologies, Inc., a San Jose, California-based company which provides of monitoring and reporting services for renewable energy systems, announced that it closed an $18 million Series B round of financing.

Ignition Partners led this funding round, with follow-on investment from Element Partners and Chrysalix Energy. Other investors in this round were PCG Clean Energy & Technology Fund and Applied Ventures (the VC arm of Applied Materials). 

John Ludwig, founding partner of Ignition Partners, will join Robert L. Puette, David F. Lincoln, Thomas J. Starrs, Mike Walkinshaw and Fat Spaniel President Chris Beekhuis on the company’s Board of Directors.

SDForum and FountainBlue to Present “Clean Energy Entrepreneurs’ Forum” on January 25

On January 25, 2008, from 8:30 am – 2:00 pm, SDForum and FountainBlue will present the Clean Energy Entrepreneurs’ Forum on the topic of "Policy and Its Implications for the Clean Energy Entrepreneur."  Presenters at this event will include policymakers, business leaders, entrepreneurs, and investors.  Highlights of the program include:

Keynote addresses

  • California’s Investment in the Clean Revolution
    Bill Lockyer – Treasurer of California
  • Clean Energy Opportunities and Challenges: the Venture Perspective
    Scott Sandell – NEA 

Panels

  • A Corporate Perspective: "Doing Well While Doing Good"
    Janice Berman – PG&E
    Reed Content – AMD
    Annette Finsterbusch – Applied Ventures
    Christina Page – Yahoo!
    Craig Lobdell – KPMG (moderator)

The program will be held at the AMD Commons Auditorium, 991 Stewart Drive, Sunnyvale, CA.  The advance registration cost for the program is $50 for SDForum members and $80 for non-members.  The price will be $100 if you register on the day of the event. For more information: