The Week in Cleantech: July 29 – Aug 4
Smart buildings start-up Control4 listed its IPO on the NASDAQ under the symbol CTRL at $16 per share, the midpoint of its planned range, raising $64 million. Major venture shareholders include Foundation Capital, Thomas Wiesel Partners, Frazier Technology Ventures, Cisco Systems, and Signal Peak Ventures.
Rive Technology, a developer of zeolite catalyst technology for improving the efficiency of the oil to gasoline conversion process, raised $20 million in fresh growth equity in a round led by new investor Saudi Aramco Ventures. Existing investors, including Charles River Ventures, Advanced Technology Ventures, Mitsui, and Nth Power, also participated in the round.
Solar PV-Thermal hybrid system maker EchoFirst was acquired by SunEdison. The price was not disclosed, but the new parent plans to finance installations of PV-Thermal hybrid systems with a dedicated $50 million fund.
Modular nuclear reactor developer NuScale Power gained a new development partner in Rolls Royce. The diversified power systems manufacturer known for jet engines and spiffy cars also has a 50-year history in the nuclear power industry, and is sure to be an integral partner in the commercialization of NuScale’s technology under the US DOE Small Reactor Development Program.
We hope you’ll request an invitation for this year’s Global Cleantech 100 Gala & Summit | October 9-10, 2013 | Washington, DC. See you there!