Venture Capitalists Want to Put Some Algae in Your Tank

The New York Times talks about some of the entrepreneurial companies and venture capitalists that are putting money into different alternative energy research. The story follows two venture capitalists, Lissa Morgenthaler-Jones, and her husband, David Jones, who are investing their personal fortunes trying to show that they can grow lots of algae and use it to produce biofuel.

There’s coverage of lots of other ideas and companies in the article –

One Seattle-based start-up, Prometheus Energy, attracted enough equity capital in the last three years to open a plant in Orange County, Calif., in January that for the first time produces liquid natural gas commercially out of landfill methane gas that would otherwise waft greenhouse gases into the atmosphere. Another venture capital favorite, Jadoo Power of Folsom, Calif., has already pioneered portable hydrogen fuel-cell technology for remote satellite phones, critical emergency radio communications and police surveillance, and it is now working on cells for home use to free customers entirely of their utility bills.

“I can honestly say that for the first time in my life we are seeing the venture capital community put sizable amounts of money into energy,” Energy Secretary Samuel W. Bodman said in a speech in Houston last month. “This is real money. They are betting, if you will, that clean, safe, affordable energy represents the new innovation frontier.”

So check it out here.

One thought on “Venture Capitalists Want to Put Some Algae in Your Tank

  1. To-the-point post. Here are couple thoughts. Venture funds seem to feel disoriented in the current economy. What makes me excited is that positive changes seem to be emerging for the US private equity industry in comparison to last 2 years, supported by increased valuations and conditions in the capital markets. The PE industry has not been immune to the affects of the struggling economy, as 2009 results demonstrated, but performance to date in 2011 has been positive. Opportunities abound in the current environment given ample investor capital to deploy, as well as evidence that some of the best performing private equity vintage returns, historically, were made at the bottom of the cycle.

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