12 mega cleantech financing coups

By | January 13, 2012, 4:30am PST

Summary: Cleantech Group figures there was $8.99 billion invested in solar, energy efficiency, transportation and alternate fuels in 2011. Here are a dozen of the biggest deals.

I love reading the quarterly and annual tracking reports about cleantech investments from the Cleantech Group, because they provide a guidepost for some of the companies and industry sectors that I should follow most closely.

The research firm’s year-end report for 2011 confirms my gut that energy efficiency will continue to be a big theme for the next 12 months. The sector was the second largest category of cleantech or green technology last year, accounting for $1.46 billion of the estimated $8.99 billion that Cleantech Group is reporting in venture and corporate investments. The sector also accounted for the highest number of deals, with a total of 150 funding rounds.

By the way, even though 2011 was a tough year for cleantech investments, there was still 13 percent more money given out last year than in 2010. Which companies were the biggest beneficiaries? Cleantech Group has been good enough to provide a list of the biggest transactions in the four cleantech categories that it follows (Solar, Energy Efficiency, Transportation, Biofuels & Biomaterials). Here the 12 biggest deals, in descending order of size.

  1. Fisker Automotive, the luxury electric vehicle company ($315 million)
  2. BrightSource Energy, a concentrating solar company ($201 million)
  3. Better Place, the electric vehicle charging infrastructure company ($200 million)
  4. Fulcrum Bioenergy, a waste-to-ethanol technology company ($175 million)
  5. Sundrop Fuels, a developer that uses concentrated solar thermal energy to turn biomass into gas ($175 million)
  6. OSIsoft, developer of real-time energy monitoring infrastructure ($135 million)
  7. Stion, which makes CIGS thin-film solar technology ($130 million)
  8. Miasole, another CIGS thin-film solar technology company ($106 million)
  9. Prysm, maker of large-format, low-power displays ($100 million)
  10. Soraa, a developer of gallium nitride semiconductors for lighting ($88.6 million)
  11. DriveCam, developer of transportation efficiency software ($85 million)
  12. Enerkem, maker of biofuels from biomass and municipal solid waste ($74.6 million)
Should be interesting to see how these companies fare at the end of 2012. Will try to keep a close eye on developments, to see if these investments pay off.

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Heather Clancy is an award-winning business journalist with a passion for green technology and corporate sustainability issues.

Disclosure

Heather Clancy

Writing publicly about what the high-tech industry is actually doing to help itself and the world get greener or more sustainable is one way I figure I can contribute more meaningfully to said effort. I am also a big OMG-kind-of-fan of smart leadership, which is why the goodly folks who publish this blog let me go on about this topic and why I am always on the hunt for forward-looking business management ideas.

My daily writing is focused on looking for topics for my blogs, GreenTech Pastures and Business Brains. I also write often about emerging technology trends such as mobile computing, unified communications and cloud computing. Occasionally, I will pop up at an industry conference in some sort of speaking capacity. In cases where a speaking engagement involves a sponsor that may be covered in this blog, that fact will be disclosed in coverage as appropriate.

My corporate writing work usually consists of crafting research white papers about some aspect of technology. In the event that my commentary (in written, audio or video form) mentions a company for which I have provided consulting advice, I will disclose that fact. However, there is no connection between these projects and the topics that I am covering in my blog.

Biography

Heather Clancy

Heather Clancy is an award-winning business journalist with a passion for green technology and corporate sustainability issues. Her articles have appeared in Entrepreneur, Fortune Small Business, The International Herald Tribune and The New York Times. In a past corporate life, Heather was editor of Computer Reseller News, where she was a featured speaker about everything from software as a service to IT security to mobile computing.

Heather started her journalism life as a business writer with United Press International in New York. She holds a B.A. in English literature from McGill University in Montreal, Quebec, and has a thing for Lewis Carroll.

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