CleanTech OC Daily - 4/30/12

Monday, April 30, 2012

NanoH2O Lines up $60.5M For Water Purification Tech
Water purification startup NanoH2O, founded in 2005 and based in El Segundo, it has raised $60.5 million to expand its sales to emerging markets including China. The company develops membranes for filtering out salt and other materials in water and launched its first commercial product in the second quarter of 2011.

SolarCity to file for an IPO
In the midst of numerous withdrawals of greentech IPOs this month, solar rooftop installer SolarCity announced that it is planning for an IPO and has even filed registration - documents are currently being reviewed and eventually approved by the SEC. In February, SolarCity raised $85 million from investors and has raised just over $200 million in venture capital overall.

A/C on demand: Smart outlet provides remote control
Con Edison intends to distribute 10,000 smart outlets from startup ThinkEco to residents in large apartment buildings as part of its peak power reduction program called CoolNYC. They believe that this smart outlet can help prevent the grid from crashing during a heat wave. The 10,000 smart outlets, called modlets, can cut 5 megawatts from the grid, or the equivalent of about 5,000 homes.

Share your email address below for information and updates!

  * Required fields