CleanTech OC Daily - 6/5/12

Tuesday, June 5, 2012

Xtreme Power Gets $10M Charge-Up for Grid Batteries
Xtreme Power has raised a $10 million Series D round of funding which consists of debt and options or warrants to acquire shares in the Lyle, Texas-based startup. Though the new investors were unnamed, previous investors include Sail Venture Partners, Bessemer Venture Partners, Dow Chemical, Fluor, Dominion Power, Spring Ventures, BP and Posco. The company has raised more than $50 million since its 2004 founding but they didn’t disclose details about this round.

Here is a great video of venture capitalist Matthew Nordan, from Venrock Capital, giving a talk on “Demystifying Capital” at the Department of Energy’s ARPA-E conference earlier this year. He breaks down everything you need to know about finding funding, to debt, to grants.

Fracking has caused a major rise in natural-gas production in the United States, however some are concerned that the practice results in contaminated drinking water and the release of methane. Now, a new analysis by the International Energy Agency says there are existing and technologies in-development that would address these concerns.

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