GreatPoint Ventures related stories
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peHUB Wire: Wednesday, April 28, 2010Random Ramblings
- Week in deals, March 22, 2010
Summary of North American tech companies and other startups that raised venture financing in the past week
- peHUB Wire: Thursday, March 11, 2010
Inside One Very Private Equity Firm
- peHUB Wire: Thursday, March 11, 2010
Inside One Very Private Equity Firm
- More Federal Money For AltaRock
AltaRock received another $26.5 million in grants from the Department of Energy today for two new geothermal drilling projects -- despite claims /49145/clean-tech-woes-altarock-suspends-drilling/ that its drilling project in the California Geysers could cause earthquakes. The New York Times ran a story in June comparing Altarock's California project to a 2006 project in Basel, Switzerland, where an earthquake damaged buildings and frightened residents with a loud roaring noise. Aftershocks followed for several months. AltaRock -- which has raised over $30 million from Khosla Ventures, Kleiner Perkins, GreatPoint Ventures, Google.org and others to provide clean energy by extracting heat from rocks -- wasn't behind the Basel project and disputed the Times' claims. But the story prompted a review by the Department of Energy and the Bureau of Land Management, which said that although AltaRock could keep drilling, it couldn't fracture any rock in California until the agencies decided it was safe.
- Rock & A Hard Place: Cleantech Startup Suspends Drilling
Backed by over $30 million in venture capital and a $6.25 million DoE grant, AltaRock Energy has been drilling in Northern California geysers to establish pathways to hot rock, which it wants to inject with water to capture heat that would generate electricity. Yesterday, AltaRock suspended the project, citing "physical difficulties" in the drilling of its first well, "resulting from geologic anomalies particular to the formation underlying this well location." It claims to have not given up, instead saying that it's evaluating other locations for drilling with a reminder that it's filed 20 patents.
- Rock & A Hard Place: Cleantech Startup Suspends Drilling
Backed by over $30 million in venture capital and a $6.25 million DoE grant, AltaRock Energy has been drilling in Northern California geysers to establish pathways to hot rock, which it wants to inject with water to capture heat that would generate electricity. Yesterday, AltaRock suspended the project, citing "physical difficulties" in the drilling of its first well, "resulting from geologic anomalies particular to the formation underlying this well location." It claims to have not given up, instead saying that it's evaluating other locations for drilling with a reminder that it's filed 20 patents.
- Week in deals, Feb. 23, 2009
Summary of tech companies and other businesses that raised financing in North America in the past week
- First timers: Oasys Water soaks up $10M in Series A
Boston-based Oasys Water Inc., which develops desalination and water treatment technology, raises $10M from DFJ, ATV and Flagship