EnergySavvy closes out financing round at $8.25 million

EnergySavvy, a Seattle startup that helps utilities implement energy-efficiency programs, has closed out its latest financing round at $8.25 million. The company had previously announced $7 million in early May, including cash from Prelude Ventures. New backers include EnerTech Capital and El Dorado Investment, a unit of PinnacleWest Capital, the investment arm of EnergySavvy customer… Read More


Seattle renewable energy company plans $200M wind farm off Oregon Coast

Winds coming off the Pacific Coast could soon provide energy to Americans thanks to a Seattle company. Principle Power, a renewable energy technology developer headquartered in the Pioneer Square neighborhood, received a go-ahead from the Bureau of Ocean Energy Management to submit a formal proposal to use 15 square miles of federal waters off the Oregon Coast… Read More


Venture capitalist Vinod Khosla rips 60 Minutes, says ‘Cleantech Crash’ story uses ‘Benghazi-style reporting’

Venture capitalist Vinod Khosla is mad as hell, and he’s not going to take it anymore. In a 2,111-word missive, Khosla takes on CBS’ 60 Minutes and their recent report —  “The Cleantech Crash” — in which correspondent Lesley Stahl describes how after billions in losses and hundreds of millions in government subsidies the sector… Read More


Optimum scores cash to intelligently reduce energy use in buildings

Optimum Energy is heating up with additional cash from one of the country’s largest utilities. Edison Energy, a subsidiary of Edison International, today announced that it is contributing to Optimum’s latest financing efforts. The cash is an add-on to the company’s $12.2 million financing round, which was announced in June and included investments from Navitas Capital,… Read More


Optimum Energy heats up with $12.2M to intelligently adjust temperature settings in buildings

Optimum Energy, a Seattle startup whose software intelligently adjusts a building’s temperature in order to reduce energy consumption, has scored $12.2 million in fresh financing from new investor Navitas Capital and existing investor Columbia Pacific Advisors, GeekWire has learned. The company says it has been experiencing “torrid” growth, with the software now used to manage heating… Read More


Take a look inside Earth’s ‘greenest building’

It is being called the “greenest building” on the planet. And it’s located right here in Seattle. Welcome to the Bullitt Center, a new six-story, 50,000-square-foot building in Seattle’s Capitol Hill neighborhood that is designed to produce more energy than it consumes. Or, as the developer describes it, the building essentially works as its own… Read More


Seattle cloud startup Scope 5 raises $500,000 to track sustainability data

Seattle startup Scope 5 has scooped up $500,000 in angel financing, money that it will use to build out its cloud-based service for tracking sustainability data. Funding was provided in part by the Northwest Energy Angels. “Increasingly companies are connecting the social value of emissions reductions with the business value of reduced costs,” said Scope… Read More


Fuel cell maker ReliOn nabs investment from Cummins

ReliOn, a hydrogen fuel cell maker whose products are used for backup power systems, has received an investment from engine maker Cummins. The size of the investment was not disclosed, but ReliOn CEO Gary Flood said the investment would help the company with global expansion. “Cummins is committed to assist ReliOn toward increasing our market… Read More


Energy storage upstart EnerG2 scores new cash

EnerG2, a manufacturer of carbon materials which are used in next-generation energy storage systems such as lead acid batteries, ultracapacitors and lithium ion batteries, has raised $9.3 million in financing, according to a SEC filing. “Our investors have seen the successful transition EnerG2 has made from its roots as an energy storage R&D company to… Read More


Commentary: Strategies for accelerating clean tech startups

Recently, the Northwest Energy Angels convened a breakfast briefing on cleantech investing, and I had the honor of moderating a panel headlined by Clean Tech Nation author and Clean Edge managing director Ron Pernick; Kirk Washington, a Partner at Yaletown Venture Partners; and Susan Preston, General Partner for the CalCEF Clean Energy Angel Fund. As… Read More


Powerit fuels up with new cash infusion, looks to cut energy bills for big industrial clients

Powerit Solutions, a 10-year-old Seattle company that helps large industrial customers reduce energy costs, has raised $2.5 million in fresh funding that it will use to embed its software in the industrial automation, utility, and smart grid infrastructure. The cash infusion also will help the company expand in Europe, and launch its Spara cloud platform next… Read More

Bill Gates

Bill Gates, Vinod Khosla and Peter Thiel bankroll energy storage startup LightSail

LightSail Energy, a Berkeley, California-based company that’s designing systems to store energy generated by wind and solar power, has landed $37.3 million in financing from a group of investors that includes Microsoft co-founder Bill Gates, venture capitalist Vinod Khosla and PayPal co-founder Peter Thiel. The company is led by 25-year-old Chief Scientist Danielle Fong, who… Read More


TerraPower nuclear engineer emerges at stealthy energy startup SuperCritical Technologies

Chal Davidson, the former lead engineer at TerraPower, the nuclear reactor startup backed by Intellectual Ventures and Microsoft co-founder Bill Gates, has emerged at the helm of a new startup company by the name of SuperCritical Technologies. According to a description on Davidson’s LinkedIn page, SuperCritical is setting out to build modular, compact power plants… Read More

Team GR Green at the NW Clean Tech Open finals in Portland.

Homes made out of milk bottles; networked water purifiers and other winners from the Clean Tech Open

Sixteen cleantech startups from around the Northwest gathered in Portland this week to learn which lucky three would represent the Pacific Northwest in the national Cleantech Open business competition in November. The Cleantech Open Tuesday night named the three startups that will move on to compete with other North American teams at the Cleantech Open… Read More


Q&A: Pterofin borrows wind turbine design from bird wings

Seattle-based Pterofin has copied designs from nature to develop eye-catching turbines for wind and hydro power. That has earned the company several awards, most recently a semifinalist position in the 2012 Pacific Northwest Cleantech Open. I chatted with Pterofin founder and inventor Wallace Kempkey to get the whole story. How is Pterofin going to change… Read More

Drago Ognjenovic

NADAC Systems turns off the lights, and more, to save energy

Portland-based NADAC Systems has developed technology that saves energy by switching off unoccupied spaces. That recently earned the company a semifinalist position in the 2012 Pacific Northwest Cleantech Open. I met up with NADAC’s CEO, Miodrag Ognjenovic, to find out more. How is NADAC Systems going to change the world? “Our building control system is… Read More


Renewable fuel startup spins out from Targeted Growth with investment from Avista

Matrix Genetics has received an undisclosed investment from Avista Development, the venture capital arm of Spokane utility Avista Corp. The money will be used to complete a spin off from Targeted Growth, a Seattle agricultural sciences company whose technologies are used to increase crop yields. Matrix Genetics is developing technologies to produce renewable fuels and… Read More

Team Solansphere at the UW Environmental Innovation Challenge. Photo Matt Hagen

Q&A: Solensphere looks to make solar power cheaper and more reliable

Solensphere Renewables has developed a solar concentrator system that intensely focuses sunlight using a reflector fashioned after a telescope. Concentrating sunlight makes more efficient use of expensive solar cells. To learn more about the southern Oregon-based company I talked with founders Corbyn Jahn, COO, and Adam Burwell, CEO, both students of Renewable Energy Engineering at… Read More


EnergySavvy scoops up $3M, plans to expand Seattle team

EnergySavvy, a Seattle startup that helps home owners track energy use, has landed $3 million in new funding in a deal led by Portland-based Pivotal Investments. Total funding now stands at $5 million. “EnergySavvy has been on a solid trajectory,” said CEO Aaron Goldfeder in a press release. “This growth capital will allow EnergySavvy to expand its existing… Read More

MossButler 2012-07-27 14.10

Q&A: Startup’s innovation boosts renewable energy output

Global Green Energy in Tumwater has hardware that solar power system owners use to feed renewable energy into the electric grid. To find out more, I talked with Global Green Energy co-founders Don Moss, President and CEO, and Zachary Butler, Vice President. How is Global Green Energy going to change the world? “Global Green Energy… Read More