Green-tech venture capital funding soared last year, aided by megadeals in thin-film solar companies, according to preliminary figures released Tuesday by the Cleantech Group.
During 2008, green-tech venture investments jumped to $8.4 billion, a 38 percent increase, according to the report.
Group's senior research director, Brian Fan, said in a statement:
Investors also continued to migrate from first-generation ethanol and biodiesel technologies to next-generation biofuels technologies, led by algae and synthetic biology companies. Other sectors with healthy investor interest included smart-grid companies, small-scale wind turbines, plastics recycling, green buildings, and agriculture technologies.
Following solar-energy firms in attracting VC dollars were companies specializing in biofuels such as ethanol, biodiesel, synthetic biology, and algae. The sector captured 11 percent of green-tech venture investments last year, while transportation companies, such as makers of electric vehicles, advanced batteries, and fuel cells, accounted for 9.5 percent.
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BioCentric Energy Develops Improved Processing Formula Accelerating Algae Growth
ReplyDelete2:12p ET August 7, 2009 (Market Wire)
BioCentric Energy Holdings, Inc. (PINKSHEETS: BEHL) today announced the company has formulated an improved processing solution to significantly accelerate the ALGAE growth cycles.
BioCentric President Dennis Fisher today commented, "The improved processing formula we developed on site at our San Juan Capistrano, California facility significantly accelerated the ALGAE growth in the 1800 square feet closed loop photobioreactor system. This accelerated and improved nutrient formula will allow for more harvests of ALGAE in these systems thereby increasing production significantly for the final products, such as Bio-Diesel, Gasoline, Jet Fuels, Animal Feed and Nutritional supplement additives in all of our systems."
Mr. Fisher further commented, "Yesterday during the lab testing of the advanced ALGAE blend, a senior Korean representative was on site to examine and study our closed loop photobioreactor system in operation. The meeting went extremely well and discussions are currently in process for the use of the system in Korea."
Korea has a significant waste issue and many landfills which could ultimately provide some of the key components required for ALGAE growth in a closed loop photobioreactor system. The use in waste landfill applications is primarily to provide methane and anaerobic digesters for the supply of sufficient energy for the ALGAE to be self sustaining.
Company COO Dennis Shen will be returning to China next week to oversee manufacturing operations for use of the company's closed loop system in Asian countries.
The company recently purchased pressing equipment for production of ALGAE oil; the equipment is scheduled for installation early next week and upon completion the company will be processing and producing ALGAE oil for Bio-Diesel. The company plans to operate their own Bio-Diesel SUV vehicle this month which will run entirely on the Company's ALGAE oil products. This will allow further monitoring and emission lab testing from the company's corporate facility.
Dennis Fisher, President of the West Coast National Algae Association, today announced the NAA will be hosting the annual convention in Las Vegas, during the first quarter 2010 and all interested parties will be able to reserve seating on BioCentrics's website commencing September 2009.