Posted in Energy Efficiency, Mergers & Acquisitions on May 3rd, 2012 by News Desk –
San Mateo, Calif. — C3, a provider of energy management software for large organizations, announced it has acquired Efficiency 2.0, a New York-based provider of software offering customer web portals that help utilities meet their residential and small business energy efficiency targets.
Terms between the two privately held firms were not disclosed.
The combination of the two companies represents the first integrated line of energy efficiency software products that serve all of a utility’s customer segments, according to C3.
Together, C3 and Efficiency 2.0 have fourteen utility customers, including Constellation Energy, Pacific Gas and Electric Company, Southern California Edison, and Western Massachusetts Electric Company.
C3 website
Efficiency 2.0 website
Posted in Investment on May 3rd, 2012 by News Desk –
Quincy, Mass. – Eco Power Solutions, a Quincy-based developer of emissions pollution control technology, has raised $400,000 in venture debt, the company disclosed in a new securities regulatory filing.
Founded in 2006, Eco Power has developed a multi-pollutant emission control technology for any power generation plant that uses fossil fuels such as coal, natural gas and oil.
Its technology allows clients to exceed stringent EPA regulations for NOx, SOx, Hg, and particulate matter.
http://www.ecopowersolutions.com
Posted in Uncategorized on May 3rd, 2012 by News Desk –
Cambridge, Mass. — The Lemelson-MIT Program has named Ashok Gadgil as the recipient of the 2012 $100,000 Lemelson-MIT Award for Global Innovation in for his work in blending research, invention, and humanitarianism for broad social impact. Gadgil is a chair professor of Safe Water and Sanitation at the University of California, Berkeley, and director of the Environmental Energy Technologies Division at Lawrence Berkeley National Laboratory. He is a physicist by training whose work has led to a string of inventions and innovations from safe drinking water technology and a utility-sponsored energy efficiency program, to fuel-efficient stoves for displaced persons in Africa.
Ashok Gadgil university profile
Posted in Energy Efficiency on May 2nd, 2012 by News Desk –
Cambridge, Mass. – Radiator Labs, a startup founded by Columbia University students to increase the energy efficiency of steam-fed radiator heating systems, has been named the top winner of the MIT Clean Energy Prize for 2012.
Radiator’s system installs low-cost, drop-in radiator enclosures that control the amount of heat transferred in a room. Its design also incorporates wireless capabilities, enabling better control of boiler systems to equalize temperatures across building spaces to burn fuel only when necessary and to increase thermal comfort.
The MIT Clean Energy Prize is a national competition founded in 2008 by MIT, the U.S. Department of Energy and NSTAR to accelerate the pace of clean energy entrepreneurship.
Now in its fifth year, the MIT Clean Energy Prize has launched about thirty new companies that have raised almost $90 million in venture capital and government funding to develop clean energy products, technologies and services.
Image credit: Radiator Labs
Radiator Labs website
Posted in Investment on May 1st, 2012 by News Desk –
El Segundo, Calif. – NanoH2O, a developer of energy-efficient desalination technology, announced it has raised $60 million in venture capital and debt in a deal co-led by BASF Venture Capital, Total Energy Ventures International and Keytone Ventures.
Founded in 2005, NanoH2O develops reverse osmosis membranes designed to produce an economically viable and sustainable freshwater supply. Based on research at the University of California, Los Angeles (UCLA), the company focuses on the synthesis of new membrane materials for desalination and water reuse.
The company’s seawater reverse osmosis are certified by NSF International for the production of drinking water and are available in standard 8-inch diameter elements that fit easily into new and existing desalination plants.
NanoH2O said that proceeds from the $40 million equity offering portion of the total $60 million raise will enable it to accelerate its growth, expand its manufacturing capabilities and broaden its product offerings.
Other equity investors in NanoH2O include Khosla Ventures, Oak Investment Partners, and CalPERS Clean Energy & Technology Fund.
The $20.5 million in growth capital, working capital and equipment financing credit facilities were provided by Comerica Bank and Lighthouse Capital Partners, with the working capital line backed by the Export-Import Bank of the United States.
Image credit: NanoH2O
NanoH2O website
San Mateo, Calif. — C3, a provider of energy management software for large organizations, announced it has acquired Efficiency 2.0, a New York-based provider of software offering customer web portals that help utilities meet their residential and small business energy efficiency targets. 
