CEO, Solar City
Solar City was dubbed “the Swiss arms dealer” of solar installation by VentureBeat, although “Swiss army knife” might be more like it. The company sells, leases, installs and maintains solar panels for residences and small businesses, with a sideline in energy efficiency consulting. The idea is to convince geographic clusters of homes and businesses to go solar, and then reap cost savings from economies of scale.
State makes big wager on solar energy’s promise – Knoxville News Sentinel
By promising to spend some $200 million on infrastructure and training, as well as tax credits, to lure the two biggest players in manufacturing the raw material used to ultimately create solar panels, Tennessee has raised its profile in the green sector from virtual anonymity to a veritable heavyweight.
Atritech, RedBrick among winners of VC in slow quarter – Minneapolis / St. Paul Business Journal
One Twin Cities medical-technology company, Atritech Inc., closed on more than half the total amount raised for the quarter. Plymouth-based Atritech, which is developing a device to keep patients with atrial fibrilation from suffering a stroke, announced in late March that it closed on $30 million in financing. The Business Journal also reported in March that EndoMetabolic Solutions Inc., a startup co-founded by veteran med-tech entrepreneur Dale Spencer, closed on about $3.8 million in capital.
Green technologies to watch – CNET
Utility-scale solar. Despite all the press around solar energy, its contribution to national electricity generation is barely a blip. But after a multi-decade hiatus, utility-scale solar power is back on the agenda, led in the U.S. by sun-blessed California’s renewable energy mandates.
EPS lands $30M for cleantech analytics – VentureBeat
EPS, the Costa Mesa, Calif. company that provides Fortune 500 companies with the advice and knowledge they need to make environmentally sustainable decisions, has raised $30 million in a second round of funding to continue developing its xChange Point carbon emissions management system, according to peHub.