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Clean Energy Ventures close its $110 million funding to encourage advanced energy technologies, which mitigates climate risks.
FREMONT, CA: An investor in early-stage advanced energy start-ups, Clean Energy Ventures (CEV) reported the conclusion of its first fund valuing $110 Million. The venture fund company aims the present capital gap in seed and early-stage investments among promising advanced energy innovations. CEV has streamlined its focus on innovation in technologies and business model in the U.S. and Canada region. The fund will be diverted to those start-ups which have the potential to significantly curb the global greenhouse gas emissions along with being ready to be scaled and commercialized.
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David S. Miller, Daniel Goldman, and Temple Fennell - the three principals have brought in expansive advanced energy and technology start-up experience in addition to the 40 years of combined investing experience at early stages and seed funds. The impeccable investing track record comprising success stories from more than 30 early-stage advanced energy companies include MyEnergy, and more recently, Pika Energy. The firm utilizes its decade-plus experience in investing across the advanced energy sector and the extensive network of financial and strategic investors in several of the principals' prior investments.
CEV's investment strategy is focused on a wide range of low-cost, capital-efficient advanced energy technology solutions that impacts massively in the reduction of emissions. The funds have already fulfilled seven investments in grid-edge connectivity, smart grid sensors, software and advanced metering, innovative materials, and manufacturing processes appropriate to carbon fiber composites and silicon-based solar wafers, residential and industrial energy efficiency. Other areas of focus include energy storage, grid connectivity, renewable energy production, clean transportation and water/energy nexus.
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The United States Secretary of Energy, Ernest Moniz, the Ellen Williams, former Chief Scientist of British Petroleum, and J. Michael McQuade, former Chief Technology Officer of United Technologies are the chairs of CEV's Strategic Advisory Board. The fund also entrusts a deep bench of venture partners who in coordination with the principals have worked for more than a decade, presenting a wide variety of technical and advance energy experience. CEV, as an engaged investor, is explicitly focused on the diversity and development of the leadership team. It is also reinforced by the renowned experts lending a hand to the leadership teams for discovering viable solutions for a unified functioning and ignite profound transformations within the companies.
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