Envirotech News

Monday, February 6, 2012

Chinese court dismisses one of AMSC vs. Sinovel cases
Devens-based AMSC will see one its cases against former partner Sinovel Wind Group Co. Ltd. decided in arbitration, as a Chinese court has thrown out its civil complaint.

Friday, February 3, 2012

Report: Cleantech VC dollars down in 2011 nationally
Venture dollars invested in the cleantech industry in 2011 were a mixed bag nationally, depending on comparison data, but it was enough to keep Massachusetts ranked second in the nation for cleantech investments, according to an Ernst & Young LLP analysis.

Thursday, February 2, 2012

PurposeEnergy pulls a $650K funding draft
The Arlington firm looking to turn brewery waste into power, PurposeEnergy Inc., has raised $652,000 in a new funding round, federal documents show.

Monday, January 23, 2012

MIT contestants to present climate-change economy ideas to UN, Congress
MIT Sloan School of Management's 2011 Climate CoLab contest winners will present their proposals on how the 21st century economy should evolve in light of climate-change risks to the United Nations and U.S. Congress.
Oasys Water names Muscat as new CEO
Boston startup Oasys Water Inc. is commercializing its water desalination treatment and it's named a new chief executive to lead the charge.

Wednesday, January 18, 2012

Novomer to collaborate on polymer composites
Novomer Inc., a new materials company based in Waltham, has inked a joint development agreement on polymer composites with Penford Corp. of Colorado.

Tuesday, January 17, 2012

Joule's ethanol plant moves forward on $70M funding round
Biofuels company Joule Unlimited Inc. has closed on $70 million in a third funding round from new, unnamed institutional and private investors, along with previous backer Flagship Ventures.

Friday, January 13, 2012

Lowell bioplastics firm Telles closing; Metabolix to downsize
Telles LLC, the Lowell-based joint venture between Cambridge bioplastics firm Metabolix Inc. and agri-giant Archer Daniels Midland Co. is closing down, effective Feb. 8. As a result, Metabolix is planning to restructure its bioplastics business and downsize operations.

Thursday, January 12, 2012

PlatformQ pulls in $2.4M in Series B funds
PlatformQ LLC, a provider of technology to allow organizations to hold virtual events online, has taken in $2.4 million in a Series B financing round, according to a regulatory filing.

Friday, January 6, 2012

Novogy taps backers for $4M
Novogy Inc., a Cambridge cleantech startup, has raised $4 million of a planned $7.5 million fundraise, federal documents show.

Thursday, January 5, 2012

ThermoEnergy raises $2.63M from private placement
Having recently landed its headquarters in Worcester, ThermoEnergy Corp. reports it has taken in $2.63 million after a group of investors exercised warrants for equity.

Friday, December 30, 2011

Mass Megawatts sells first wind-powered prairie pump system
Colorado is turning out to be a good market for Mass Megawatts Wind Power Inc. which reported the delivery of its first wind-powered water pump system in that state, following a report this spring of a sale to a Denver roofing company of wind power systems.

Thursday, December 29, 2011

A123's customer Fisker recalls cars for battery fix
In light of a potential battery defect announced by A123 Systems Inc. of Waltham, its customer Fisker Automotive Inc. is recalling some of its Karma electric vehicles, which uses a battery system made by A123.

Thursday, December 15, 2011

LiquidPiston pulls in $1.5M more in Series B round
LiquidPiston Inc., a Connecticut company working on a fuel-efficient rotary internal combustion engine, has boosted its most recent fundraise from $5 million to $6.5 million, federal documents show.

Thursday, December 8, 2011

N.E. Clean Energy Foundation names first director
The New England Clean Energy Foundation, the funding arm of the New England Clean Energy Council, has appointed its first executive director in Andrew Wilson, former president and CEO of Intel solar tech spinout SpectraWatt.

Thursday, November 17, 2011

Qteros lays off staff, names new CEO
Qteros Inc., the cellulosic ethanol firm in Marlborough, has laid off staff members, and John McCarthy has "stepped down as CEO," the company noted in a statement emailed by the new CEO Mick Sawka, who had been serving as the company's senior vice president of engineering and commercial development.
Greenbean Recycle scores top WPI Venture Forum prize
Greenbean Recycle, a Somerville software technology startup focused on increasing recycling, won first place and $10,000 in the WPI Venture Forum Business Plan Contest Technology Track competition.
Gov. Patrick plans Brazil trade mission trip
Massachusetts Governor Deval Patrick is heading to Brazil in December for a trade mission that is expected to explore economic development partnerships and potential job creation opportunities in the clean energy sector, as well as in life sciences, IT and education.

Thursday, November 10, 2011

NECEC joins newly created Advanced Energy Economy
The New England Clean Energy Council announced earlier this week that it joined forces with other regional organizations to become the initial members of Advanced Energy Economy, a network aimed at supporting U.S. companies as global energy technology suppliers.

Monday, November 7, 2011

Biofuels firm Myriant adds former Lockheed Martin chief to board
Myriant Corp., a developer of bio-based chemicals, has named former Lockheed Martin chairman and CEO Norman Augustine to its board of directors. Augustine had been working with Quincy-based Myriant on its advisory board.