Chrysalix Energy Venture Capital and European asset manager Robeco are on the lookout for green companies in Europe.

They've formed a joint venture to invest in European companies focused on green energy and climate mitigation technologies, with an initial capitalization of €50 million

The fund is expected to grow to more than €100 million next year.

In North America, Plasco Energy Group pulled in Cdn$54 million in a third round of funding for its plasma torch waste to energy system, and over in Fuzhou City, China, biodiesel producer Gushan Environmental Energy is planning an initial public offering of up to $250 million on the U.S. market.

Deals we saw this week:

• International Battery of Oakland, N.J., raised $25 million in financing from Digital Power Capital, an affiliate of Wexford Capital. The funding will be used to complete a manufacturing facility in Allentown, Penn., which will make large-format lithium ion rechargeable cells and batteries for use in hybrid and electric vehicles.
• Chrysalix Energy Venture Capital and European asset manager Robeco formed a joint venture to invest in European companies focused on green energy and climate mitigation technologies. The venture has an initial capitalization of €50 million, and is expected to grow to more than €100 million next year. Limited partners include Delta NV and Essent NV.
• Fuzhou City, China-based biodiesel producer Gushan Environmental Energy is planning an initial public offering of up to $250 million, but did not disclose the terms of the American Depositary Share sale in its filing with the U.S. Securities and Exchange Commission. The company, which said it's the largest biodiesel producer in China, plans to use proceeds from the offering to expand its production capacity and research and development efforts (see Gushan files for $250M biodiesel IPO).
• Davis, Calif.-based AgraQuest, a maker of environmentally friendly pesticides, raised $20 million in a mezzanine round. The U.K.'s Loudwater Trust led the funding, joined by AgraQuest's existing investors, including TPG Ventures and Halcyon Capital.
• OPX Biotechnologies, a Boulder, Colo.-based startup developing genetically modified microbes for biofuel production raised $3.6 million in a Series A round. The funding was led by Mohr Davidow Ventures.
• Portland, Ore.-based eco-friendly diaper company gDiapers raised an undisclosed amount of cash in a Series B round of financing. The funding was led by 2x Consumer Products Growth Partners, joined by angel investor Golden Seeds and manufacturing partner Principal Business Enterprises.
• San Diego's Viryd Technologies, which is developing wind energy technology, raised $2.1 million in funding. The cash came from undisclosed private investors. Viryd is a spin-off of Fallbrook Technologies, a manufacturer of continuously variable transmission technology for bicycles.
• Cyrium Technologies, an Ottawa, Ontario-based developer of high efficiency multi-junction solar cells, secured a follow-on round of financing, bringing its total funding to more than $5.5 million. All of the company's major investors participated in the follow-on round, including BDC Venture Capital, Chrysalix Energy Venture Capital and Pangaea Ventures.
• Ottawa, Ontario-based Plasco Energy Group pulled in Cdn$54 million in a third round of funding for its plasma torch waste to energy system. Private equity firm First Reserve led the round with Cdn$35 million in funding, and committed to invest an additional Cdn$115 million in Plasco in 2008 (see Plasco raises cash for waste to energy).

Browse previous deals here.

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