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.)
[slide title=”No. 6: 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
[slide title=”No. 5: 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
[slide title=”No. 4: 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
[slide title=”No. 3: 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
[slide title=”No. 2: Silver Spring Networks “]
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
[slide title=”No. 1: 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