The Road to $30M and Beyond: A Cleantech Story
Tuesday, June 16, 2009 | 3:00 pm - 6:30 pm | San Jose, CA
San Jose Tech Museum | 201 South Market Street
Bob Cart, Founder and Executive Chairman, GreenVolts
Paul Douglas, Supervisor, Renewable Procurement and Resource Planning, California Public Utilities Commission
Hal O. LaFlash, Director, Emerging Clean Technology Policy, Pacific Gas & Electric Company (PG&E)
Lead Facilitator: Melinda Richter, Executive Director, Environmental Business Cluster
Financing a Clean Tech Start-up: GreenVolts, a leader in concentrating photovoltaic (CPV) technology has raised $45 MM in financing including $30 million in Series B funding from Oak Investment Partners in September 2008. GreenVolts is using these funds to develop its CPV technology and a portion of the funds for its GV1 project, a 2 MW proof of concept power plant, built as part of its 20 year PPA agreement with Pacific Gas & Electric. In addition, GreenVolts secured further funding through the Department of Energy and the California Energy Commission.
Meet the key players including GreenVolts' Founder & Executive Chairman, the CEC who identified GreenVolts as a prime candidate for commercialization and the representative from the CPUC who approved the deal with PG&E. Learn about the company's evolution, how the investment climate has changed since the downturn of the economy and how companies like GreenVolts are turning towards partnerships and alternative sources of funding for future technology development. In addition learn and how the CEC and CPUC are evaluating new concepts and power projects across California.
Partner $30 - Preregistration $45 - Onsite registration $55.
Official Website: http://environmentalcluster.org/emails/2009-Q2GreenVolts.html
Added by FullCalendar on June 4, 2009