Home > News > Seattle area a new hub for "clean" technology
January 2nd, 2008
Seattle area a new hub for "clean" technology
Abstract:
Washington, with $121 million in venture-capital investments, ranked fourth behind Texas.
But the state has already seen some world-class funding activity. In early 2007, Imperium Renewables raised $113 million in one of the largest alternative-energy venture-capital deals ever, and borrowed another $101 million. In August, the company's coastal biodiesel plant, the nation's largest, catapulted Washington to the third-highest biodiesel-production capacity of any state.
Ambitious startup Propel Biofuels has begun selling the fuel in pumps around the city, and such firms as EnerG2 are working on nanomaterials to improve fuel cells for hybrid cars.
Clean Edge founder Ron Pernick said the alternative-energy industry may not be destined to have a single dominant hub, as it stretches from solar technology to agriculture. Many regions have different advantages and are emerging as significant players.
The Seattle area has all the ingredients necessary to propel the industry, he said: prestigious academic institutions, an activist government, a pool of managerial talent and "wealthy folks that are coming out of Microsoft, Starbucks, Amazon and other companies who could invest."
Source:
seattletimes.nwsource.com
Bookmark:
| Related News Press |
News and information
Quantum computer improves AI predictions April 17th, 2026
Flexible sensor gains sensitivity under pressure April 17th, 2026
A reusable chip for particulate matter sensing April 17th, 2026
Detecting vibrational quantum beating in the predissociation dynamics of SF6 using time-resolved photoelectron spectroscopy April 17th, 2026
VC/Funding/Angel financing/Loans/Leases/Crowdfunding
Graphene Flagship start-up Bedimensional closes a second €10 million investment round February 10th, 2023
180 Degree Capital Corp. Issues Second Open Letter to the Board and Shareholders of Enzo Biochem, Inc. March 26th, 2021
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers/Posters
A fundamentally new therapeutic approach to cystic fibrosis: Nanobody repairs cellular defect April 17th, 2026
UC Irvine physicists discover method to reverse ‘quantum scrambling’ : The work addresses the problem of information loss in quantum computing system April 17th, 2026
Environment
A reusable chip for particulate matter sensing April 17th, 2026
Researchers unveil a groundbreaking clay-based solution to capture carbon dioxide and combat climate change June 6th, 2025
 |
||
 |
||
| The latest news from around the world, FREE | ||
 |
||
|
|
||
| Premium Products | ||
 |
||
|
Only the news you want to read!
Learn More |
||
 |
||
|
Full-service, expert consulting
Learn More |
||
|
|
||