ThinkGreen Conference is March 24 – 26; 50% Discount for Green VC Readers

ThinkGreen 2009

ThinkEquity Partners will present ThinkGreen 2009: A Clean Technology and Alternative Energy Forum in San Francisco from March 24 – 26. This event will feature panel sessions, company presentations, and networking opportunities for business leaders, investors, policymakers, and other members of the cleantech industry.

Panel sessions at ThinkGreen 2009 will examine trends, opportunities and risks in areas including solar, wind, next-generation biofuels, the smart grid, efficient lighting, and advanced battery technologies. The program will also include presentations from the following companies, where they will highlight their latest breakthroughs, developments, and challenges:

  • Bridgelux
  • Ceradyne (CRDN)
  • Comverge (COMV)
  • Consumer Power Line
  • Electronic Recyclers
  • Ener1 (HEV)
  • eSolar
  • Evergreen Solar (ESLR)
  • Flipswap
  • HydroPoint Data Systems
  • LDK Solar (LDK)
  • Luminus Devices
  • MasTec (MTZ)
  • Real Goods Solar (RSOL)
  • Suntech Power (STP)
  • Valence Technologies (VLNC)
  • Verenium (VRNM)
  • Westport Innovations (WPRT)
  • Zenergy Power (ZEN.L)

Readers of Green VC can receive a 50% discount off the standard registration rate to ThinkGreen 2009 by using code TGHALF when registering. For more information:

GoingGreen East is March 9th – 11th in Boston; 50% Discount for Green VC Readers

GoingGreen East 2009

AlwaysOn will present GoingGreen East 2009 from March 9th – 11th in Boston, Massachusetts.  This event wlll provide educational programs and networking opportunities for members of the cleantech/greentech community, including CEOs, entreprenuers, business development officers, researchers, media, and venture capital and private-equity investors.

GoingGreen East 2009 will feature panel sessions on topics including "Cleantech Dollars Looking for Cleantech Deals" and "The Future of Carbon Markets."  The AlwaysOn editors will also honor the GoingGreen Top 50 Private Companies. In addition, up to 50 green technology CEOs willl pitch their market strategies to a panel of industry experts in “CEO Showcases.”  For additional program information you can view the GoingGreen East 2009 agenda

Readers of Green VC can receive a 50% discount off the standard registration rate to GoingGreen East 2009 by registering via this link.  For more information:

Cleantech Forum XXI is February 23-25 in San Francisco

Cleantech Forum XXI

From February 23-25, 2009 the Cleantech Group LLC will present Cleantech Forum® XXI in San Francisco, California. The theme of this event is "Upside Driver in a Downside Market."  The Cleantech Forum is a leading cleantech investment event that brings together investors, senior executives, entreprenuers, policymakers, and scientists. 

Highlights of the San Francisco event include two tracks of educational panel presentations, investor presentations from promising companies, a Cleantech Innovation Showcase, and an awards presentation.  For more information:

@Ventures Presentation on “What’s Wrong with Cleantech Venture Capital?”

Some members of venture capital firm @Ventures prepared the following presentation (embedded below) entitled "What’s Wrong with Cleantech Venture Capital?"  Additional background on this presentation can be found on this post by Rob Day, Principal at @Ventures.  Some of the key points of the presentation are:

[W]hat we at @Ventures have started to see in the cleantech venture capital sector are some unhealthy and likely unsustainable trends.  Not undermining the overall cleantech VC investment thesis, mind you, but some specific trends within that opportunity that bear watching closely:

  1. The shift to larger and larger funds.
  2. The related shift to later-stage investing.
  3. The related shift into capital-intensive subsectors and business models within cleantech.
  4. The mismatch of investment concentration with the geographic dispersion of cleantech innovations and innovators.
  5. The concentration of venture capital investments into just a few subsectors, while the lion’s share of subsectors receive much less attention (much less dollars) from investors.

SVASE to Present “Where’s the Capital? A Clean Tech Perspective on What Investors Want to See” on January 29

SVASE

On January 29, 2009, the CleanTech BIG (Business Interface Group) of the Silicon Valley Association of Startup Entrepreneurs (SVASE) will present a program entitled Where’s the Capital? A Clean Tech Perspective on What Investors Want to See featuring panelists that will discuss a number of questions, including:

  • What are corporate venture funds and VCs willing to fund in clean tech?
  • What are the benchmarks for a fundable company and how does an entrepreneur effectively bootstrap to those milestones?

Panelists for this program will be:

This program will be held from 6:00 – 8:30 pm at Cooley Godward Kronish LLP, 3175 Hanover Street, Palo Alto, CA 94304.  The advance registration cost for the program is $20 for SVASE members and $49 for the general public.  The price is an additional $10 if you register at the door. 

Update: A discount to this program is available to readers of Green VC.

For more information:

Lightspeed Venture Partners Makes Five Cleantech Predictions for 2009

Lightspeed Venture Partners

Lightspeed Venture Partners, a venture capital firm that has made a number of cleantech investments, has released a list of five cleantech predictions for 2009.  The predictions are listed below — the firm's blog contains more information associated with each prediction:

  1. Cleantech funding will slow significantly, forcing startups to seek alternative growth strategies
  2. Companies will come under increased pressure to achieve competitive cost economics
  3. Investor interest in energy storage, especially for automotive and grid-scale applications, to grow strongly
  4. Government will play larger role in cleantech, as policymakers around the country increase their support
  5. Cleantech comes of age in China

In addition, below is a presentation from Andrew Chung, Principal at Lightspeed Venture Partners, that provides an overview of cleantech venture capital investing and Lightspeed's investments in this sector (click image to view presentation):

Lightspeed Venture Partners: Cleantech Venture Investing Presentation

ElectraTherm Obtains $2.6 Million in Series A Funding

ElectraTherm, a Carson City, Nevada-based company, announced in November that it raised $2.6 million in Series A funding.  ElectraTherm was incorporated in 2005 and its products include the ElectraTherm Green Machine (illustrated below; click for full-size version) which captures waste heat to generate fuel-free, emissions-free energy.

ElectraTherm Green Machine

ElectraTherm states that this product is the first commercially viable generator to create electricity from low temperature, residual industrial heat.  ElectraTherm completed its first commercial installation of the ElectraTherm Green Machine in May at Southern Methodist University in Dallas, Texas.

"ElectraTherm's disruptive technology is truly rewriting the book on clean energy production," said ElectraTherm investor Mike Acheson, Managing Director of Interlaken LLC. "Industrial waste heat is everywhere and the global market is poised to benefit from ElectraTherm's patented technology."

"The response from customers, investors, manufacturers, and dealers has been very positive as news has spread about the ElectraTherm Green Machine," said Richard Langson, CEO of ElectraTherm. "The growing momentum is not surprising since our technology taps into the largest single source of immediately available renewable energy according to the U.S. Department of Energy – untapped geothermal and industrial waste heat."

Fourth Conference on Clean Energy to Take Place in Boston from November 18-19

The Fourth Conference on Clean Energy will be taking place in Boston from November 18-19.  This event will spotlight clean energy startups and will be attended by entrepreneurs, investors, and other stakeholders in the clean energy community.  Program highlights include:

This conference is one of a number of programs in Massachusetts 2nd Annual Clean Energy Week.  For more information:

Planet Metrics Launches, Announces $2.3 Million in Series A Financing

Planet Metrics

Planet Metrics, a San Francisco-based carbon information management software company, announced today the launch of the company and the close of $2.3 million in Series A funding.  Funding to Planet Metrics was provided by angel investors and Draper Fisher Jurvetson.

Planet Metrics' services are designed to help businesses understand where carbon emissions occur in their business, what drives these emissions, how they can be reduced, and where changing fuel, energy, or carbon costs may impact the cost of doing business.  Planet Metrics utilizes what it describes as a Rapid Carbon Modeling (RCM) approach, which it states provides corporate managers with broader and deeper views of the carbon intensity associated with business activities in the supply chain, product design, packaging, logistics and waste streams.  A visual representation of Planet Metrics' RCM approach is provided below (click for full-size image):

Planet Metrics Rapid Carbon Modeling

"Corporate social responsibility initiatives have moved from peripheral 'nice to haves' to core business strategies. Environmental solutions are now about saving money by using fewer resources," said Andy Leventhal, CEO and co-founder of Planet Metrics. "In tough economic times, companies search for efficiency. Organizations can achieve high ROI by analyzing the way they manage their facilities, build products and services, transport and distribute goods to customers. Our software builds a carbon model that helps Fortune 1000 companies understand, develop and deploy sustainability strategies which directly affect bottom line financial performance."

Raj Atluru, Managing Director at Draper Fisher Jurvetson, said, "We're thrilled to have the opportunity to work with Planet Metrics to help leading brands understand how they can best drive efficiencies into their businesses while lessening the harmful gases they emit into the environment. The Planet Metrics team has the industry's best minds, unbridled passion and commitment to customers to effectively drive this game-changing solution at such an important time in our world."

Planet Metrics also announced today that the Consumer Electronics Association (CEA), which produces the annual International CES, the world's largest consumer technology tradeshow, has chosen Planet Metrics to measure and analyze the amount of carbon and other greenhouse gases emitted as a result of its upcoming 2009 event.

For more information:

California Clean Tech Open Announces Winners of 2008 Competition

California Clean Tech Open

The California Clean Tech Open (CCTO), a business plan competition offering more than $600,000 in prizes for early-stage clean technology startups who plan to locate their operations in California, announced the winners and runners-up in the six categories of its 2008 competition at an awards ceremony on November 6th.  They are:

  • Air, Water & Waste
    Winner: Over the Moon Diapers
    Runner-Up: Porifera
  • Energy Efficiency
    Winner: Viridis Earth
    Runner-Up: NexChem
  • Green Building
    Winner: BottleStone
    Runners-Up (2): GroundSource Geo, Solar Red
  • Renewables
    Winner: Focal Point Energy
    Runner-Up: Renewable Fuel Technologies  
  • Smart Power
    Winner: Power Assure
    Runner-Up: Energy Empowered 
  • Transportation
    Winner: ElectraDrive
    Runner-Up: Goose Networks

These winners and runners-up were selected from the 43 finalists of the 2008 competition, which began in April.  In addition, an "Alumni Award," recognizing outstanding business achievement by a 2006 or 2007 CCTO finalist, was presented to Jim Sanfilippo, CEO of NiLA, which won the 2007 CCTO Energy Efficiency Award.

For more information: