Posted on: April 27, 2011
Cleantech IPOs may be gaining momentum.
Solar plant developer BrightSource Energy filed what is certain to be an explosive initial public offering last week. A couple months earlier biochemical maker Gevo launched its IPO to what proved to be a warm reception. Experimental algae-to-fuel company Solazyme is waiting in the wings.
Which company will be next? In November, Venture Capital Journal published a list of the most likely and lucrative cleantech IPOs of 2011. At the top of our list was BrightSource, so we are off to a good start.
Watch our slideshow to see the other six cleantech companies VCJ believes have a very good shot of going public this year. Our investment data comes from Thomson Reuters, publisher of this blog.
(This is Part 2 of a series of slideshows on cleantech investing.)
No. 6: Bloom Energy
No. 5: BridgeLux
No. 4: Enphase
No. 3: OPower
No. 2: Silver Spring Networks
No. 1: SolarCity
Bloom Energy
- Location: Sunnyvale, Calif.
- Description: Develops fuel cells
- VC Funding: $165.3M
- VC Backers: Kleiner Perkins Caufield & Byers, Crown Capital, New Enterprise Associates, Mobius Venture Capital
- Quick Take: Promising product and lots of buzz
BridgeLux
- Location: Livermore, Calif.
- Description: Develops LED chips for lighting
- VC Funding: $175.58M
- VC Backers: Chrysalix Energy, DCM, VentureTech Alliance, Harris & Harris Group, VantagePoint Venture Partners, undisclosed investor
- Quick Take: An up-and-coming leader in the LED lighting space
Enphase
- Location: Petaluma, Calif.
- Description: Develops micro-inverters for solar systems
- VC Funding: $86.13M
- VC Backers: Applied Ventures, Bay Partners, Kleiner Perkins Caufield & Byers, Rockport Capital Partners, undisclosed investor
- Quick Take: Strong product position in rapidly expanding market
OPower
- Location: Arlington, Va.
- Description: Develops applications to help consumers monitor energy use
- VC Funding: $65.55M
- VC Backers: Accel Partners, Kleiner Perkins Caufield & Byers, MHS Capital Management, New Enterprise Associates
- Quick Take: Well positioned in a market with enormous opportunities
Silver Spring Networks
- Location: Redwood City, Calif.
- Description: Develops smart grid communications technology
- VC Funding: $282.52M
- VC Backers: Foundation Capital, Google Ventures, Kleiner Perkins Caufield & Byers, Northgate Capital Group, undisclosed investor
- Quick Take: A financially strong market leader
SolarCity
- Location: San Mateo, Calif.
- Description: Installs residential and commercial solar systems
- VC Funding: $124.1M
- VC Backers: DBL Investors, Draper Fisher Jurvetson, Generation Capital Partners, JP Morgan Partners, Mayfield Fund, undisclosed investor
- Quick Take: Strong brand name and geographical reach
Tags: Bloom Energy, Bridgelux, BrightSource Energy, cleantech, Enphase Energy, IPOs, OPower, Silver Spring Networks, SolarCity
Cleantech IPOs may be gaining momentum.
bob said on April 27, 2011
Filing an IPO is easy why don’t you wait until it is done to write about it. That is the hard part.