Black Hills to buy SourceGas for $1.89 bln

By Luisa Beltran — 7 months ago

Black Hills Corp. said Sunday that it agreed to buy SourceGas Holdings LLC for $1.89 billion, including $720 million in debt. Alinda Capital Partners and GE Energy Financial Services are the sellers. SourceGas operates four regulated natural gas utilities that serve about 425,000 customers in Arkansas, Colorado, Nebraska and Wyoming and a 512-mile natural gas transmission pipeline in Colorado. Credit Suisse Securities (USA) LLC advised Black Hills while J.P. Morgan was the financial advisor to the sellers.

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Sol Systems hires investments senior director

By Iris Dorbian — 1 year ago

Washington, DC-based solar finance firm Sol Systems has named Jerry Stalun as a senior director of investments. Stalun is a former managing director for EIG Global Energy Partners. He also served as senior vice president of GE Energy Financial Services.

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Energy Investors Funds acquires 50% stake in Newark Energy Center

By Chris Witkowsky — 2 years ago

Energy Investors Funds has acquired an additional 50 percent stake in the Newark Energy Center from Hess Corporation. Two EIF-managed funds used a $590 million loan from Crédit Agricole, GE Energy Financial Services and Mitsubishi UFJ Financial Group. With the acquisition, EIF-NEC, a joint venture owned by two EIF funds, now holds 100 percent of the equity in the Newark Energy Center.

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Crestwood racks up to $500 mln

By Iris Dorbian — 2 years ago

An investors’ group that includes Magnetar Capital, GSO Capital and GE Energy Financial Services, a GE subsidiary, has agreed to acquire up to $500 million of preferred units of Crestwood Midstream Partners. According to Crestwood, net proceeds of this transaction will be used to pay down debt as well as finance ongoing expansion and development projects. Based in Houston, Crestwood owns and operates midstream businesses in several shale resource plays across the U.S.

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GE Leads $22M Round for Project Frog

4 years ago

San Francisco-based building business Project Frog has closed on $22 million in new financing led by GE Energy Financial Services. Claremont Creek Ventures, Greener Capital Partners and RockPort Capital Partners also joined in the round, which is designed to help Project Frog expand its sales pipeline and execute on orders. As part of the deal, the company is also beginning construction of one of its green, pre-fab buildings at GE’s Learning Center in Ossining, NY.

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Nuventix Scores a Cool $10M

By PEHub Administrator — 5 years ago

Nuventix, the Texas-based maker of LED cooling technology for efficient lighting displays, revealed that GE Energy Financial Services and The Bergquist Company joined existing investors Braemar Energy Ventures, CenterPoint Ventures, InterWest Partners and Rho Ventures to provide the company with a $10 million investment. Specifics on the investment were not publicized.

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Crosslink Leads $16M for SynapSense

5 years ago

SynapSense Corp., a maker of data center infrastructure management products, has closed on $16 million in Series C financing led by Crosslink Capital. Aeris Capital, Emerald Technology Ventures, GE Energy Financial Services, Nth Power, Robert Bosch Venture Capital and Sequoia Capital also joined in the round. The money will help SynapSense expand. Louis DiNardo, a partner with Crosslink Capital, joined the SynapSense board as a result of the round.

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Nuventix Seals $10M From GE, Venture Investors

5 years ago

Nuventix, the creator of an LED cooling technology for energy-efficient lighting, has closed on $10 million in fresh capital from GE Energy Financial Services, the Bergquist Company, Braemar Energy Ventures, CenterPoint Ventures, InterWest Partners and Rho Ventures. The money will go toward expansion and technology development, the company said Tuesday. GE Lighting and Nuventix also announced a license agreement.

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Scientific Conservation Inks $19M from GE, Triangle Peak

5 years ago

Scientific Conservation Inc., a building energy management company, has closed its Series B financing round with more than $19 million. The company sealed investments from GE Energy Financial Services and Triangle Peak Partners. San Francisco-based Scientific Conservation has developed a software-as-a-service platform designed to help reduce annual energy spending by comparing predicted energy and system efficiencies against real-time operation.

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Google Ventures Backs CoolPlanetBiofuels

By Lawrence Aragon — 5 years ago

Google Ventures announced today that it has made an undisclosed Series B investment in CoolPlanetBiofuels. The Camarillo, Calif.-based company previously raised $8 million in a round led by North Bridge Venture Partners with participation from GE Energy Financial Services. CoolPlanetBioFuels is developing a technology that converts low-grade biomass into high-grade fuel and carbon. PRESS RELEASE […]

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SustainX Closes $14.4M Round

5 years ago

SustainX, which is developing technology for energy storage using compressed air, has closed on $14.4 million in financing. GE Energy Financial Services, a unit of GE, contributed to the round, as did Cadent Energy Partners and existing shareholders Polaris Ventures and Rockport Capital. New Hampshire-based SustainX previously raised $5.4 million from investors including the Small Business Innovation Research program of the National Science Foundation and the Energy Storage Program of the US Department of Energy.

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Soladigm Adds $10M to Close Series C

5 years ago

Milpitas, Calif.-based Soladigm, which develops highly energy-efficient dynamic glass for buildings, has raised an additional $10 million in financing, closing its Series C round with a total of $40 million. New investors The Westly Group and Navitas Capital contributed to the round, as did the company’s existing shareholders: San Francisco-based DBL Investors and Cayman Islands-based firm Nano Dimension. GE Energy Financial Services, Khosla Ventures and Sigma Partners.

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Khosla Leads Investment in Ciris Energy

5 years ago

Ciris Energy, which is developing technology to biochemically convert coal to methane, has inked a second round of venture financing led by new investor Khosla Ventures. Existing shareholders Braemar Energy Ventures, Rho Ventures, and GE Energy Financial Services, also participated in the funding. The amount of the round was not released.

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