Energy Technology Ventures will invest in, and offer commercial collaboration opportunities to, venture- and growth-stage energy technology companies in the renewable power generation, smart grid, energy efficiency, oil, natural gas, coal and nuclear energy, emission controls, water and biofuels sectors, primarily in North America, Europe and Israel.
Partnering with major energy companies such as NRG Energy and ConocoPhillips enables us to pool our financial resources and technological expertise - along with our extensive relationships - to provide more than money to emerging energy technology companies," said Kevin Skillern, a managing director and leader of venture capital at GE Energy Financial Services.
Additional financial details on Energy Technology Ventures' investment in Glori Energy were not disclosed.
Bringing together three market-leading companies with a wide range of deep technical and financial expertise, relationships, services and products, the joint venture invests in, and offers commercial collaboration opportunities to, venture- and growth-stage energy technology companies in the renewable power generation, smart grid, energy efficiency, oil, natural gas, coal and nuclear energy, emission controls, water and biofuels sectors, primarily in North America, Europe and Israel.
NGP ETP's investment will allow LedEngin to accelerate the tremendous market penetration it is already experiencing LedEngin's reputation in the marketplace, innovative products, and strong industry acceptance make it an attractive investment for NGP Energy Technology Partners," said Brad Barton, Principal at NGP ETP, who will join the board of LedEngin as part of the transaction.
NGP Energy Technology Partners (NGP ETP), established in 2005, is a leading private equity firm investing equity capital for growth and buyout transactions for companies that provide products and services to the oil and gas, power, energy efficiency, and alternative energy sectors.
NGP Energy Technology
Partners NGP Energy Technology
Partners ("NGP ETP"), established in 2005, is a Washington, D.
NGP Energy Technology
Partners may be contacted at (202) 536-3920 or www.
Must have proprietary, innovative energy technology
or an innovative services business model
Department of Energy (DOE)/National Energy Technology
Laboratory (NETL) for testing as part of a multi-year research program under the Department's Solid State Energy Conversion Alliance (SECA) Coal-Based Systems program.
LONDON -- Steorn, an Irish technology development company, has issued a challenge to the global scientific community to test Steorn's free energy technology
and publish the findings.