Cleantech venture fundings have been slow as of late. In the second quarter, dollars invested in the emerging industry fell 23% to $942 million according to the MoneyTree Report put out by PricewaterhouseCoopers, the National Venture Capital Association and Thomson Reuters, publisher of peHUB. For all of 2010, money placed with alternative energy, smart grid [...]
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Xtreme Power Inc., a Kyle, Texas-based maker of energy storage and power management systems, has raised $29.5 million in new VC funding. Return backer Sail Venture Partners was joined by new investors Bessemer Venture Partners, Dow Chemical Co., Fluor Corp. were joined by POSCO and SkyLake Incuvest and Co.