Cleantech Venture Forum II
Cleantech Venture Network’s second venture forum in San Franciso, Apr 30- May1 was a great success. Over 260 people in attendance included mostly investors, along with representatives of the 23 companies selected to present (from over 200 companies that applied).
You may recall reading about Cleantech Venture Network in UFTO Notes 26 July, 1 October ’02.
The surge of interest in cleantech was noteworthy. Many new faces were there, some of them very prominent VC firms whose usual sectors of IT and telecom have lost their lustre. These investors seem to be checking out energy tech and cleantech to see what the opportunities are, and whether it might represent a “next big thing”. Some of them are actually doing deals, too. Panels sessions discussed this very trend, while others went into water, Asia, and the overall outlook for investing in cleantech. The new issue of the Venture Monitor, due in a couple of weeks (for members only!) will have details from the panel discussions.
The presenting companies ranged from a successful biopesticide company (better, cheaper, safer than chemicals…really), to several hydrogen, fuel cell, and solar PV companies, and some water and waste management. (The PV companies were described in another UFTO Note just recently). Here’s the list. (If you want additional information, please contact me. I’m not including details here in the interests of brevity, but I can send you a version with longer descriptions, as well as individual company’s own writeups. Some may appear in future notes.)
AgraQuest, Inc. – Natural pesticides
aqWise – Wastewater treatment retrofit increases throughput
CellTech Power – Fundamentally new solid oxide fuel cell acts like a refuelable battery.
FiveStar Technologies – Advanced materials via cavitation technology
Global Solar – thin film PV in production
H2Gen – On-site hydrogen generation via small scale steam methane reforming
Hoku Scientific, Inc – PEM fuel cell membrane to replace Nafion
HyRadix Inc. ? Small scale hydrogen generators via thermal reforming
Integrated Env. Technologies – Waste Treatment via Plasma
iPower – Distributed Generation ? New genset
Mach Energy ? Energy management services to commercial buildings
PolyFuel Inc – Direct methanol fuel cell (DMFC) systems
PowerTube – Geothermal powerplant downhole
Powerzyme – Enzymatic fuel cell
PrecisionH2 – Hydrogen, power and carbon from methane, via cold plasma (no CO2!)
Primotive – unique electric motor/generator
QuestAir – Gas purification via pressure swing absorption
Raycom Technologies – Thin film solar cells via high volume sputter coating
Sensicore – Sensors monitor water quality cheaply
Solaicx – Polycrystalline silicon PV
Solicore – Thin film lithium batteries
Verdant – Wave power via underwater windmills
Here’s a definition of “Cleantech”, from the website:
**The concept of “clean” technologies embraces a diverse range of products, services, and processes that are inherently designed to provide superior performance at lower costs, greatly reduce or eliminate environmental impacts and, in doing so, improve the quality of life. Clean technologies span many industries, from alternative forms of energy generation to water purification to materials-efficient production techniques.**
I strongly suggest you consider an investor membership, for dealflow, Venture Monitor, networking and other benefits. (http://www.cleantechventures.com). The next Forum will be held this Fall in New York.
