Danotek Raises $15 Million in Series B Round of Financing

Danotek Motion Technologies, a Canton, Michigan-based company that develops and manufactures energy conversion systems for the wind energy and industrial markets, recently announced that it raised $15 million in a series B round of financing. This round of financing was led by Khosla Ventures, CMEA Capital, GE Energy Financial Services, Statoil Technology Invest, and included undisclosed … Read more

Google, Good Energies, and Marubeni Corporation Invest in Atlantic Wind Connection Backbone Transmission Project

On October 12, Google and Good Energies announced (Google blog post | Good Energies press release) that each had invested in the development stage of the Atlantic Wind Connection Backbone (AWC) Transmission Project.  The specific dollar value of the investment wasn't disclosed, but each obtained a 37.5% stake. The New York Times reported the cost of the transmission project … Read more