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Better Place closes $200M Series C financing; valuation now $2.25B

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Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25

Financing 252
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Renewable fuels and biochar company Cool Planet closes on $100M Series D financing

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Cool Planet Energy Systems, a renewable fuels and biochar company ( earlier post ), closed on its targeted $100 million Series D financing. Catalytic Conversion: Cool Planet has developed a number of proprietary catalytic conversion processes to convert these useful hydrocarbon components into different types of fuels.

Financing 225
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EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

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Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. Additionally, in 2012 the Chinese Ministry of Finance announced it would provide annual subsidies up to two billion yuan ($323.6 China Electric (Battery) Fuel Efficiency Oil Policy'

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GE study finds 5% of worlds natural gas production wasted per year by flaring

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Gas flaring emits 400 million metric tons of CO 2 annually, the same as 77 million automobiles, without producing useful heat or electricity. Worldwide, billions of cubic meters (bcm) of natural gas are wasted annually, typically as a by-product of oil extraction. Expand access to financing. Advance local solutions.

Waste 260
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USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

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Cool Planet’s patented technology comprises three main components: Biomass Pyrolysis: Hemi-cellulosic or lignocellulosic biomass is processed through a mechanical biomass fractionating system that uses pressure and heat to create streams of useful hydrocarbon components (bio-oil or pyrolysis oil). Earlier post.).

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Gevo Biobutanol Retrofit Plant Starts Up; Gevo Launches Development Company to Retrofit Ethanol Plants

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Standard automobile and small engines can run on biobutanol blended into gasoline at any ratio, according to Gevo. In April 2009, oil and gas major Total invested an undisclosed amount in the series D round. Earlier post.).

Companies 246
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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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While this is a threat for business, there are also opportunities to grow commerce and create jobs, and to innovate to address the needs of growing populations for agriculture, sanitation, education, technology, finance, and healthcare. Sector analysis: Automobiles. The three nexuses are linked by climate change.