Thursday, February 3, 2011

Cleantech companies off to a good start

Six cleantech companies that received a total of $23.6 million in seed funding from the Department of Energy's highly regarded ARPA-E program have, a year later, attracted more than $100 million in private capital investment. The announcement, made late Wednesday by the Energy Department, seeks to highlight ARPA-E's success in making early and strategic investments in potentially game-changing clean-energy technologies. Arun Majumdar left his job at the Lawrence Berkeley Laboratory in October 2009 to direct ARPA-E and has recruited high-caliber talent to work with him. More>