The money that went into biofuel over the holiday isn't nearly as sexy as the early performance of today's ocean power play.
While the holidays impacted the amount of money flowing in cleantech/greentech in the two weeks since our last roundup, business didn't stop altogether.
As you can see below, some biofuel companies, in particular, continued to find large sums of cash arriving in their stockings.
And, with today's activation of Finavera Renewables on the Toronto Stock Exchange, it hasn't taken long in the new year for greentech to start making splashes in the ocean of the public markets again.
In the last two weeks...
- Finavera Renewables became the first ocean power company to become publicly traded in North America. It went active this morning, and is up over 220% at this writing. Cleantech.com has the full scoop in a separate article: Finavera first to catch the wave.
- Deutsche Post AG agreed to sell its waste disposal unit Vfw AG to Monitor Clipper Partners for an undisclosed amount.
- Clean Diesel Technologies, a developer of chemical and other solutions to reduce engine emissions, completed a $9.5M USD private placement from new and existing individual and institutional shareholders, as well as from directors and management.
- Neah Power Systems, a company pursuing a new type of fuel cell batteries for laptops and other small devices, closed a $1.55M USD bridge loan and is seeking its next round. The company is currently backed by Alta Partners, Frazier Technology Ventures, Castile Ventures, WestAM and Intel Capital.
- Thermal Energy International of Ottawa closed a non-brokered private placement for $778,000 CDN. The company provides heat recovery, emission reduction and bioenergy solutions for heavy industries.
- Biofuel maker and blender NewGen Technologies got a nice holiday present from company director Noel M. Corcoran - who, along with Indexia Holdings - invested a total of $6.668 million in the company last week. NewGen claims to have developed "the cleanest burning and highest performing fuels in the world."
- Separately, O2Diesel, another ethanol/diesel fuel research company, received $1.0 million in funding from the U.S. Department of Defense to continue its existing R&D for renewable military fuels. Earlier this year, the company received $800,000 in appropriations from the DoD.
- The underwriters of US BioEnergy's recent IPO exercised their over-allotment option to purchase an additional 1,500,000 shares of common stock at the IPO price of $14.00 per share. The co. was trading at $15.52 today. UBS, Piper Jaffray, William Blair & Company and A.G. Edwards all participated. US BioEnergy owns and operates three ethanol plants and has three more under construction.
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