Venture capital-Cleaner-energy flowing to the beneficiaries, the DOE says

Six of the cleaner-energy projects, which received a total of 23.6 million dollars of federal funding under a year ago has now created four times greater than the number of private investments according to the U.s. Department of energy.


Funding came from the Department of Energy Advanced Research Project Agency-energy or ARPA-E. It is supplemented by over 100 million dollars in private capital investment outside the Energy Secretary Steven Chu announced in a news release.


Projects, which has received a $ 750,000 and $ 8 million in the form of an exchange of letters between the Sun and improving each focuses on wind energy and Advanced battery storage. Five of the six is in Massachusetts.


Mr. Chu “private capital, the amount of the refund-indicates that the business is to invest in truly innovative solutions gutom country energy challenges,” said.  “The game is intended to ensure that projects change America’s energy, economic and environmental prosperity is protected.


“ARPA-E program’s objective is to focus on really swing walls, energy research, and the href is just what we see,” he added.


Recognition for distinguished six projects are the following:


1366 Technologies, Lexington, mass.: 1366 technologies is a small startup to develop a new way to make silicon wafers – the central part of most of the solar panels – 80% less than the current cost.  The company received $ 4 million for ARPA-E, and subsequently, is protected by other 33.4 million dollar investors and interested customers.


Envia, Hayward, Calif.: Envia systems, Argonne National Laboratory partnership received $ 4 million for ARPA-E December 2009 to develop lithium-ion batteries in the world’s largest energy density. The company received the other 17 million dollars and, more recently, venture capital funds.


FloDesign, Wilbraham, massa. FloDesign wind turbine was: 8,3 million dollars for ARPA-E new aircraft jet engines to accelerate the development of a wind turbine to be inspired.  ARPA-E funding helped to bring other FloDesign 27 million dollars, recruited in accordance with the executive team and more than double its staff from 20 to 50 employees.


SunCatalytix, Cambridge, mass.: Sun Catalytix, spun out of the Massachusetts Institute of Technology, has received $ 4 million in startup, ARPA-E to develop techniques for combining the sunlight and water to provide affordable, highly distributed solar energy. After the company received from the other 9.5 million dollars of venture capital funds.


. General packaging, Newton, mass.:General packaging is developing a fuel-free compressed air energy storage technology enable low-cost storage and grid can help you make the efficacy of intermittent renewable energy sources (such as from the Sun and wind) fully dispatchable. The company received a grant of $ ARPA-E test the enhanced version of its technology significantly greater efficiency and at a lower cost, which is built and testing now has 750,000.   After ARPA-E Award for general packaging has received more than $ 12 million for the construction of a new, existing and new investors, as well as the additional funding.


24 (M), cambridge, mass.: 24, M is the startup, which was spun and A123 systems after the MIT ARPA-E-2.55 million dollar prize. The company is developing a new battery State-of-the-art architecture, which could take the Electric current will use lithium ion batteries for performance at the lowest cost.  Soon after the spinning, the company secured $ 10 million in venture capital funds.


These six companies and 100 other ARPA-E projects could be supported to make presentations at the Summit of the ARPA-E energy innovation Feb 28 March 2 in Washington, d.c. for more information or to register, people can visit: http://www.ct-si.org/events/EnergyInnovation.


More information on ARPA-E, the size of the Portfolio and previous Awards is available in the http://www.arpa-e.energy.gov newsletter.

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