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Lexington’s 1366 Technologies raises $2.4 Million in a Series B round January 17, 2011

Posted by HubTechInsider in green technology, renewable energy, Startups, Venture Capital.
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Lexington’s 1366 Technologies, a developer of solar power technology, raises $2.4 Million in a Series B round of equity funding led by a group of investors including North Bridge Venture Partners, Polaris Venture Partners, Hanwha Chemical, and Ventizz Capital Fund IV.

Attleboro’s Mechanology, cleantech product manufacturer, raises $5.8 Million from a group of undisclosed investors October 6, 2010

Posted by HubTechInsider in green technology, Massachusetts High Technology, renewable energy, Startups, Venture Capital.
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Attleboro’s Mechanology, cleantech product manufacturer, raises $5.8 Million from a group of undisclosed investors.

Burlington’s Viridity software raises $8 Million in a Series B round of equity financing from Battery Ventures and North Bridge Venture Partners August 23, 2010

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Burlington’s Viridity software, a provider of data center energy resource management technology,  raises $8 Million in a Series B round of equity financing from Battery Ventures and North Bridge Venture Partners.

Wilbraham, Massachusetts based FloDesign, wind turbine manufacturer, announces their Series B round of $35 Million in equity funding June 28, 2010

Posted by HubTechInsider in green technology, Manufacturing, Massachusetts High Technology, renewable energy, Startups, Venture Capital.
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Wilbraham, Massachusetts based FloDesign, a maker of wind turbines that resemble jet engines, announces their Series B round of $35 Million in equity funding led by a group of investors including Kleiner Perkins Caufield & Byers, Technology Partners, VantagePoint Venture Partners, and Goldman Sachs.

Westborough’s Boston Power Inc., a developer of lithium ion batteries, raises $60 MM June 28, 2010

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Westborough’s Boston Power Inc., a developer of lithium ion batteries, raises $60 Million in a Series E round of equity funding led by Foundation Asset Management, Oak Investment Partners, Venrock, and Gabriel Venture Partners.

MIT team develops first solar power cells printed on paper May 31, 2010

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What if you could simply staple solar panels to your house rather than hiring a professional installation team? That’s not as far-fetched as it sounds — MIT researchers have figured out a way to print thin film solar cells on paper using a process that resembles a standard inkjet printer. If they’re able to gear efficiencies up to scale, the development could revolutionize the production and installation of solar panels.

MIT solar cells printed on paper for the first time

Photo by Martin LaMonica at CNET

MIT’s new semiconductor-coated paper features carbon-based dyes that give the cells an efficiency of 1.5 to 2 percent. That’s not incredibly efficient, but the convenience factor makes up for it. And in the future, researchers hope that the same process used in the paper solar cells could be used to print cells on metal foil or even plastic.

Of course, paper solar cells are a long way from commercialization. MIT researchers say that the technology is still in the research phase and it could take years before being commercialized. And once it is? There’s no telling how it could revolutionize the home solar industry, which currently relies on pricey professional installers to set up panels.

MIT Team designs an airplane that uses 70% less fuel than conventional aircraft May 31, 2010

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Today a team of researchers at MIT unveiled their latest feat of engineering — an airplane that uses 70% less fuel than conventional aircraft. The MIT team was one of six groups — and the only university led team — across the US chosen by NASA to help redesign current aircraft to increase fuel efficiency, lower emissions and allow planes to take off on shorter runways. The team accomplished all of NASA’s set goals with their innovative D-series plane, lovingly referred to as the “double bubble”.

MIT Double Bubble Fuel Efficient Aircraft Design

MIT Double Bubble Fuel Efficient Aircraft Design

NASA is calling this government-funded initiative the “N+3″, signifying that the planes are meant to revolutionize the aircraft industry in three generations. MIT, Boeing, GE Aviation and Northrop Grumman were given the task of rethinking the subsonic commercial aircraft market while teams from Boeing and Lockheed-Martin were entrusted with creating supersonic commercial aircraft — passenger planes traveling faster than the speed of sound! NASA’s goals were to reduce fuel consumption while taking into account that in 3 decades air traffic is set to double. Now that the designs have been revealed the teams are awaiting news in the next few months of which designs will receive funding to go on to the second phase of the program.

MIT designed their D-series as a 180 passenger aircraft meant to replace the domestic 737 market. Conventional airplanes utilize a single fuselage design, while the D-series uses two partial tubular shapes placed beside each other — which accounts for the bubble nickname. The plane utilizes a host of technological advances to decrease its fuel consumption. It has thinner longer wings and a smaller tail and engine placement at the rear of the plane instead of on the wings. All of these features account for part of the reduction in fuel usage. The MIT team also unveiled their H-series — a “hybrid wing body” plane that seats 350 passengers and could replace the 777 overseas market. NASA expects designs from this program to take flight in 2035.

MIT also unveiled its 'hybrid wing body' H-series, which is intended to replace 777 class aircraft

MIT also unveiled its 'hybrid wing body' H-series, which is intended to replace 777 class aircraft

Cambridge’s Joule Unlimited raises $30 Million in Series B equity funding from Flagship Ventures May 6, 2010

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Cambridge’s Joule Unlimited, a maker of technology that mimics photosynthesis by turning carbon dioxide into ethanol, raises $30 Million in Series B equity funding from Flagship Ventures.

Lebanon, New Hampshire’s Mascoma, advanced technology ethanol producer, raises $3.4 Million April 26, 2010

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Lebanon, New Hampshire’s Mascoma, a developer of advanced methods for making ethanol from wood fiber and other non-edible plant matter, raises $3.4 Million from a group of undisclosed investors.

Cambridge-based MIT spinoff Metabolix (MBLX) pioneers biodegradeable plastics made from plant matter: Bioplastic April 23, 2010

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The publicly traded company has seen its stock nearly double over the past year. The company has genetically engineered a microbe that eats sugar from corn and generates a plastic-like molecule called PHA. After a few months, the bioplastic will decompose in water or soil and is so pure that waste containers made with the material are safe for use in backyard composting heaps. Metabolix also claims its bioplastic is carbon neutral.


The company has entered into a joint venture with the Archer Daniels Midland company (ADM) which is called Telles. The venture will begin shipping their “Mirel” bioplastic pellets from a new plant in Clinton, Iowa. Newell Rubbermaid’s Paper Mate division is one of the first customers, using the Mirel bioplastic pellets in a resin form for their new $1.25 biodegradeable Paper Mate pens.


Metabolix charges around $2.50 a pound for its green bioplastic, about twice the price of traditional plastics. But increased customer demand for “Green” products and biodegradeable items is so strong in many cases that lower margins can be made up for by increased unit sales.


Metabolix creates products that are genetically modified – a taboo in many environmentalist circles. And, as the demand for bioplastics increases, many worry that the demand for corn, already being used increasingly for ethanol production, will rise even more dramatically, driving up food prices.


Metabolix is working to address these concerns by researching next generation plastics made from nonfood material such as prairie switchgrass.


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Cambridge’s SunBorne Energy Holdings LLC raises $5.2 Million from General Catalyst Partners December 24, 2009

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Cambridge, Massachusetts (and Haryana, India) -based SunBorne Energy Holdings LLC, a Solar project developer, raises $5.2 Million from General Catalyst Partners.

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Cambridge’s Sun Catalytix, developer of distributed energy storage technology, raises $1 Million December 1, 2009

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Cambridge’s Sun Catalytix, a developer of distributed energy storage technology, has raised $1 Million from Waltham’s Polaris Venture Partners.

Mass Innovation Nights December 9th at Waltham’s Charles River Museum of Industry November 30, 2009

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The Massachusetts Innovation Nights Event at Waltham’s Charles River Museum of Industry on December 9th will have an emerging energy theme and half the companies attending will be focused on emerging energy in some fashion. The other five companies presenting will have varied focus and not necessarily the emerging energy theme. RSVP for the event here. You can find maps and directions to the venue and event here. Massachusetts Innovation Nights is a partnership comprised of Bobbie Carlton, Carlton PR & Marketing, and Dan Englander, High Rock Media.

Waltham's Charles River Museum of Industry

Waltham's Charles River Museum of Industry



I am really looking forward to this event; If you see me there, please come up and introduce yourself! I love meeting people at these events and discussing the presenters!

The presenters at the event on December 9th will include:

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Emergent Energy Group
G2 Technology Group Inc.
Holistic Technologies LLC
HEET: Home Energy Efficiency Team
Impact Energy Solutions
Izzitgreen.com
New Generation Energy
SmartSymbols
Socrato

Billerica, MA based Nexx Systems, silicon wafer equipment maker, raises $4 Million in a Series D equity round November 30, 2009

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Billerica, Massachusetts -based Nexx Systems, a maker of equipment used in the metallization and packaging of silicon wafers used in both electronics and photovoltaic (solar) applications, has raised $4 Million in a Series D equity round involving Enterprise Partners Venture Capital and Sigma Partners.

Powerhouse Dynamics LLC, based in Needham, raises $2 Million November 24, 2009

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Powerhouse Dynamics LLC, a maker of web-based home power management systems, based in Needham, has raised $2 Million from a group of undisclosed investors.

World Energy Solutions, a Worcester MA based operator of online exchanges for green energy commodities, raises $2.5 MM in bond capital November 11, 2009

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World Energy Solutions, a Worcester, MA -based operator of online exchanges for energy and green energy commodities, raised $2.5 MM in bond capital, according to a statement released by the company recently.

Boston based First Wind in contract with Harvard University to supply wind power from its wind turbines in Maine November 9, 2009

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Boston, MA-based First Wind recently declared that Harvard University has contracted to purchase half of the power generated by its Stetson II wind project in Maine. First Wind is expected to break ground on the project, an extension of its existing wind farm in Stetson Hill near Danforth, ME, this month. The 15-year contract could supply Harvard’s Cambridge and Allston campuses, which consume nearly 250 million kilowatt-hours of electricity each year, with up to 10 percent of their power needs, the company said, making it the biggest wind-power consumer of any New England university or college.

Wilbraham MA based FloDesign Wind Turbines prototypes are 3 times more efficient than 3 bladed windmills October 30, 2009

Posted by HubTechInsider in green technology, renewable energy, Uncategorized, Venture Capital.
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Using design features borrowed from jet engine design, Wilbraham, MA -based FloDesign Wind Turbine has produced prototypes capable of producing electricity three times more efficiently than conventional, three-bladed wind mill designs.

In FloDesign’s prototype, two concentric hoops channel air into patterns that create spinning vortexes – like minature tornadoes – as the exiting air passes the turbine blades, dramatically boosting air flow.

Wilbraham, MA's Flodesign Wind Turbines

Wilbraham, MA's Flodesign Wind Turbines



Unlike conventional windwills, FloDesign’s model can be transported on one truck, compared with three trucks for conventional wind mills. The new design can produce electricity at lower wind speeds and in the midst of more volatile wind gusts, making it a shoo-in for spots – like beaches and cities – that have until now been inhospitable for wind power generation.

Silicon Valley Venture Capital firm Kleiner, Perkins, Caulfield and Byers committed $6 million to the company in 2008. The company also has raised funds from the U.S. Department of energy and hopes to raise an additional $25 million later this year.

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