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Archive for the ‘Industry News’ Category
Feb
Northwest Energy Angels Invests in Nine Startups
Posted by Tom Ranken | No Comments | Categories: Complete Digest, Industry News
Source: John Cook, Geekwire, February 22, 2012. Northwest Energy Angels Press Release, February 22, 2012.
Northwest Energy Angels members invested more than $880,000 in nine cleantech startups last year. Since its inception in 2006, the group has invested $4.8 million in 31 companies.
“Despite the economic downturn, our members continued to support cleantech innovation, which we think is a vital part of achieving a clean energy economy and building a thriving business community in the Pacific Northwest,” said Byron McCann, co-chair. “We saw a number of exciting cleantech innovations this year, especially in the lighting, water, renewables, materials and energy efficiency spaces. We’re really looking forward to continuing to meet other talented entrepreneurs in 2012 and helping them become leaders in their markets.”
In 2011, the Northwest Energy Angels invested in the following cleantech companies:
New Investments
- Banyan Energy – www.banyanenergy.com
Developed breakthrough technology for photovoltaic modules using a new category of waveguide optics known as Aggregated Total Internal Reflection (ATIR). - BioVantage Resources – www.biovantageresources.com
Offers sustainable, bioremediation solutions for industrial, agricultural and municipal wastewater treatment. - Columbia Power Technology – www.columbiapwr.com
Developed new wave energy harvesting devices using novel, off-shore, direct-drive, permanent-magnet generator technologies. - Flux Drive Inc. - www.fluxdrive.com
Designs and manufactures permanent magnet, adjustable speed drives and couplings that increase the life and performance of rotating equipment while decreasing energy consumption by as much as 75%. - OneEnergy Renewables - www.oneenergyrenewables.com
Provides Renewable Energy Certificates and carbon offsets to business customers, offering simple, meaningful and affordable solutions to help meet renewable and greenhouse gas reduction goals. - Virticus – www.virticus.com
Developed a scalable communication and control system that enables a 30-50 percent reduction of lighting system energy and maintenance costs. - WISErg Corporation – www.wiserg.com
Developing a technology that converts compostable organic waste into valuable organically derived fertilizers and biogas..
Follow-on investment
- REV Technologies, Inc. (REV) – www.revtechnologies.ca
REV’s electric vehicle (EV) energy networking technologies allow EV’s to act as high-output energy endpoints that improve the resilience and reliability of the power grid by synchronizing their energy needs with renewable power generation in real-time.
Additional Northwest Energy Angels Stats: 2006 Inception to December 2011
- Number of companies which presented to members: 117
- Number of companies that received first-time investment from the group: 31
- Companies that received follow-on investment: 8
- Total amount invested to date: $4.8 million
Feb
Eastside Green Business Challenge Signs Up 70 Businesses
Posted by Tom Ranken | No Comments | Categories: Complete Digest, Industry News
The Eastside Green Business Challenge now has 70 organizations participating. The goal of the effort is to recruit 100 participants by the end of 2012 and collectively save 10,000 metric tons of carbon dioxide emissions and $2 million in operating cost. The group recently held its first networking meeting.
Feb
Rob McKenna’s New Direction for Job Creation
Posted by Tom Ranken | No Comments | Categories: Complete Digest, Industry News
Republican candidate for Washington State Governor Rob McKenna, in releasing his job creation proposal, says that “If you don’t have a job in this economy, nothing else really matters.” McKenna is the incumbent Washington State Attorney General. McKenna says that his goals include:
- Reducing the state unemployment rate;
- Reducing burdens that hold back existing employers and make Washington less attractive to potential employers; and
- Giving relief to small businesses by improving regulations and the tax structure.
McKenna’s specific proposals include:
- Competitive tax reform;
- Eliminate the workers compensation insurance monopoly;
- Responsible regulation; and
- Liability reform.
McKenna argues that the state needs new leadership with a new attitude towards both the economy and job creation.
Read the entire document here.
Feb
Jay Inslee Releases Jobs Plan
Posted by Tom Ranken | No Comments | Categories: Complete Digest, Industry News
Gubernatorial candidate Jay Inslee has released a 30-page jobs plan as part of his campaign for governor. His priorities include clean energy, aerospace, the military, small business, information and communication tech, and agriculture. Representative Inslee (D-WA) serves in the US Congress.
Five pages are devoted to Clean Technology. Read the cleantech portion of the plan here. Included in the plan are recommendations to:
- Lead the country in the development and production of advanced sustainable biofuels;
- Update the Energy Independence Act;
- Electrify transportation;
- Remove barriers for renewable energy projects;
- Foster the growth of clean energy/technology companies;
- Align tax incentives to encourage investment in clean technology startups;
- Facilitate technology commercialization activities at our research institutions and drive investment into local companies;
- Create jobs through home and building efficiencies;
- Align utility and customer interest in energy efficiency;
- Attract and leverage public- and private sector capital; and
- Adopt a hands-on approach to recruitment and support for the industry.
Also included in the plan are the proposals to:
- Creation of a new cabinet-level Office of Economic Competitiveness and Development;
- Focus on small business including tax relief for clean energy;
- Investing in regional procurement technical assistance centers (PTACs).
- Improving education and worker training;
- Emphasizing export development.
Here is the full plan from Inslee.
Feb
US Gaining Energy Independence
Posted by Tom Ranken | No Comments | Categories: Complete Digest, Industry News
Source: Rich Miller, Asjylyn Loder and Jim Polson, Bloomberg News, Seattle Times, February 8, 2012.
NEW YORK — The United States is the closest it has been in almost 20 years to achieving energy self-sufficiency, a goal the nation has been pursuing since the 1973 Arab oil embargo triggered a recession and led to lines at gasoline stations.
Domestic oil output is the highest in eight years. The United States is producing so much natural gas that, where the government warned four years ago of a critical need to boost imports, it now may approve an export terminal. Methanex, the world’s biggest methanol maker, said it will dismantle a factory in Chile and reassemble it in Louisiana to take advantage of low natural-gas prices. And higher mileage standards and federally mandated ethanol use, along with slow economic growth, have curbed demand.
The result: The United States has reversed a two-decade-long decline in energy independence, increasing the proportion of demand met from domestic sources over the past six years to an estimated 81 percent through the first 10 months of 2011, according to data compiled by Bloomberg from the Department of Energy. That would be the highest level since 1992.
“For 40 years, only politicians and the occasional author in Popular Mechanics magazine talked about achieving energy independence,” said Adam Sieminski, who has been nominated by President Obama to head the U.S. Energy Information Administration. “Now it doesn’t seem such an outlandish idea.”
The transformation, which could see the country become the world’s top energy producer by 2020, has implications for the economy and national security — boosting household incomes, jobs and government revenue; cutting the trade deficit; enhancing manufacturers’ competitiveness; and allowing greater flexibility in dealing with unrest in the Middle East.
U.S. energy self-sufficiency has been steadily rising since 2005, when it hit a low of 70 percent, the data compiled by Bloomberg show. Domestic crude-oil production rose 3.6 percent last year to an average 5.7 million barrels a day, the highest since 2003, according to the Energy Department. Natural-gas output climbed to 22.4 trillion cubic feet in 2010 from 20.2 trillion in 2007, when the Federal Energy Regulatory Commission warned of the need for more imports. Prices have fallen more than 80 percent since 2008.
At the same time, the efficiency of the average U.S. passenger vehicle has helped limit demand. It increased to 29.6 miles per gallon in 2011 from 19.9 mpg in 1978, according to the National Highway Traffic Safety Administration.
The last time the United States achieved energy independence was in 1952. While it still imported some petroleum, the country’s exports, including of coal, more than offset its imports.
The expansion in oil and natural-gas production isn’t without a downside. Environmentalists say hydraulic fracturing, or fracking — in which a mixture of water, sand and chemicals is shot underground to blast apart rock and free fossil fuels — is tainting drinking water.
The drop in natural-gas prices is also making the use of alternative energy sources such as solar, wind and nuclear power less attractive, threatening to link the United States’s future even more to hydrocarbons to run the world’s largest economy.
Still, those concerns probably won’t be enough to outweigh the benefits of greater energy independence.
Stepped-up oil output and restrained consumption will lessen demand for imports, cutting the nation’s trade deficit and buttressing the dollar, said Sieminski, who is chief energy economist at Deutsche Bank in Washington.
With the price of a barrel of oil at about $100, a drop of 4 million barrels a day in oil imports — which he said could happen by 2020, if not before — would shave $145 billion off the deficit. Through the first 11 months of last year, the trade gap was $513 billion, according to the Commerce Department. Crude for March delivery settled at $96.91 a barrel yesterday on the New York Mercantile Exchange.
Feb
Seattle Looking for a Patent Office Branch
Posted by Tom Ranken | No Comments | Categories: Complete Digest, Industry News
Source: Jeanne Lang Jones, Puget Sound Business Journal, February 3, 2012.
Seattle is making a full court press to score one of three satellite federal patent offices being set up around the country by the U.S. Patent & Trademark Office. The city’s Office of Economic Development has been working with the Seattle chamber, the Washington Technology Industry Alliance, the Washington Biotechnology & Biomedical Association, the governor’s office, the state congressional delegation, the University of Washington, and Microsoft, among others, to craft the region’s pitch to federal officials.
Feb
Keiretsu Northwest Invested $24M in 2011.
Posted by Tom Ranken | No Comments | Categories: Complete Digest, Industry News
Source: Curt Woodward, Xconomy, February 1, 2012.
The Northwest chapter of angel investment group Keiretsu Forum says its members invested $24 million in 36 companies last year, the highest total since the regional group was formed in 2005. And most of those investments (29 of the 36) were for businesses in the region, Keiretsu says. That’s a significant uptick from 2010, when Keiretsu reported just $8.9 million invested in 16 companies.
Read more here.
Jan
Wind Power in Washington
Posted by Tom Ranken | 1 Comment | Categories: Complete Digest, Industry News
Source: American Wind Energy Association, published August 2011, in Seattle Business Magazine, print edition, February 2012.
- Washington was an early leader in the wind industry and ranks fifth in the nation for installed capacity
- Currently online: 2,357 Megawatts (MW)
- Added in 2011: 151 MW
- Added in 2010: 297 MW
- Under construction: 343 MW
- Wind projects in queue: 5,831 MW
- Percentage of Washington power provided by wind in 2010: 4.6%
- Equivalent number of homes Washington wind farms now power: 625,000
- State wind resource: 18,479 MW at 80 meters hub heights
- According to a resource assessment from the National Renewable Energy Lab, Washington’s wind resource could provide 64 percent of the state’s current electricity needs.
Jan
Washington State Ranks 5th for LEED Buildings
Posted by Tom Ranken | No Comments | Categories: Complete Digest, Industry News
The top ten states (and DC) are:
1. District of Columbia – 31.50 sq. ft. per capita
2. Colorado – 2.74
3. Illinois – 2.69
4. Virginia – 2.42
5. Washington – 2.18
6. Maryland – 2.07
7. Massachusetts – 2.00
8. Texas – 1.99
9. California – 1.92
10. New York – 1.89
11. Minnesota – 1.81
Why per capita? Buildings are for people, so by looking at the hard data with the population they serve in mind creates a snapshot of the states that excelertate their portfolio of LEED-certified places to work, play, learn, live, heal, etc. in 2011.
Why did we include 11 entries in the top 10 list? Since D.C. is a federal district and not a state, we wanted to cover all the bases and make sure we included 10 states, but also underscore the District’s leadership in green building.
Why does D.C. eclipse the other states per by such a large margin? A few reasons. Although Washington, D.C. is a very small geographic area compared to U.S. states, the District packs in a substantial amount of green buildings due in part to the tremendous leadership from the government (nearly 30% of all LEED projects are government-owned or occupied LEED buildings, and the federal government alone owns and operates some 500,000 buildings) . On top of that, D.C. has a low residential population in comparison to the number of buildings it contains, on account of its small size and high commuter rate from Virginia and Maryland.
The rankings above reflect many buildings, but some notable, newly certified projects in 2011 include the Treasury Building in Washington, DC which is distinguished as the oldest LEED-certified project in the world; the LEED Platinum Casey Middle School in Boulder, CO; the iconic Wrigley Building in Chicago, IL; Frito-Lay in Lynchburg, VA, which earned LEED Gold for the operations and maintenance of an existing building; the LEED Silver Hard Rock Café in Seattle, WA; Anne Arundel Medical Center in Annapolis, MD; Yawkey Distribution Center of The Greater Boston Food Bank in MA; the LEED Gold Austin Convention Center in TX; SFO’s LEED Gold Terminal 2 in San Francisco, CA; the LEED Platinum Hotel Skylar in Syracuse, NY; and the LEED Platinum Marquette Plaza in Minneapolis, MN.
In terms of totals, there are more than 44,000 commercial projects participating in LEED, comprising more than 8 billion square feet of construction space in all 50 states and 120 countries.
Jan
Vancouver Island latest home for GreenTech Exchange Forum
Posted by Tom Ranken | 1 Comment | Categories: Complete Digest, Industry News
Royal Roads University will be the site of a special GreenTech Exchange forum on January 26, 2012, acting as the launching platform for the GreenTech Exchange Vancouver Island debut. Since March, 2009 GreenTech Exchange (GTEx) has organized regular networking and learning events in Metro Vancouver at the SFU Vancouver Campus featuring presentations on innovation and solutions in green and clean technologies, pitches from greentech entrepreneurs and networking with company principals, professionals, investors, government representatives, academics, students and more. The forum offers an exciting gathering place for the local innovation business community to connect.
Vancouver Island is home to a growing number of companies, organizations, research centres, demonstration projects and validation sites in the green and clean technologies domain. Timing is ripe to highlight these capabilities and expertise in a focused forum held on a regular basis. At this inaugural event, Sea Breeze Power Corp. President and CEO Paul Manson and Manager of Wind Development James Griffiths will share their insights regarding select renewable energy projects for the Capital Regional District and Vancouver Island, including the Cape Scott Wind Farm. These forward-looking projects should be of interest to people in this field.
Building on the momentum of the current energy initiatives in British Columbia, GreenTech Exchange is delighted to showcase technology innovation that supports clean energy solutions and is environmentally friendly. There is high growth potential for this industry sector. Timely forums such as the GreenTech Exchange help to galvanize the collective momentum, accelerating the commercialization and market access of these solutions as well as cultivating collaboration, trade, investment and partnership opportunities.
To find out more and to register, visit www.greentechexchange.ca
Contact:
On Vancouver Island
- GreenTech Exchange
- Tom McDowell
- 250-474-7014
Metro Vancouver
- GreenTech Exchange
- Ellen Law, or Dorothy Bootle
- 778-782-7988