• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 15 minutes WTI @ 67.50, charts show $62.50 next
  • 2 hours Starvation, horror in Venezuela
  • 2 mins Mike Shellman's musings on "Cartoon of the Week"
  • 2 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 17 hours Tesla Faces 3 Lawsuits Over “Funding Secured” Tweet
  • 4 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 17 mins Renewable Energy Could "Effectively Be Free" by 2030
  • 21 hours Why hydrogen economics does not work
  • 10 hours Saudi Fund Wants to Take Tesla Private?
  • 1 day The EU Loses The Principles On Which It Was Built
  • 13 hours California Solar Mandate Based on False Facts
  • 1 hour WTI @ 69.33 headed for $70s - $80s end of August
  • 1 day WSJ *still* refuses to acknowledge U.S. Shale Oil industry's horrible economics and debts
  • 13 hours Oil prices---Tug of War: Sanctions vs. Trade War
Alt Text

How Millions Of Electric Cars Could Power Your Home

Electric Vehicle batteries connected to…

Alt Text

Submerged Turbines Could Replace 10 Nuclear Reactors In Japan

Japanese research have concluded tests…

Mark Nicholls

Mark Nicholls

Mark is a writer for Environmental Finance. Environmental Finance is the leading global publication covering the ever-increasing impact of environmental issues on the lending, insurance,…

More Info

Trending Discussions

Conoco, GE and NRG Invest $300m in Game Changing Energy Technologies

Three US corporate giants have committed $300 million to an energy technology investment company to fund “potentially game-changing technologies”.

GE Capital, the investment arm of GE, power generator NRG Energy and oil and gas firm ConocoPhillips are backing Energy Technology Ventures, which aims to fund around 30 venture- and growth-stage companies over the next four years.

The company will focus on renewable power generation, smart grid, energy efficiency, oil, natural gas, coal and nuclear energy, emission controls, water and biofuels, primarily in North America, Europe and Israel. It will seek to take “significant minority investments”, a spokesman said.

It has announced its first investments: solar photovoltaic materials firm Alta Devices, coal-to-methane company Ciris Energy, and advanced biofuels firm CoolPlanetBioFuels.

The three partners have “complementary capabilities and significant strategic interests in the development of next-generation energy technology”, they say, and will help start-ups develop and commercialise their technologies.

“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, leader of venture capital at GE Energy Financial Services.

His team has invested about $200 million in 27 early- and growth-stage energy-related technology companies since January 2006, including four that have gone public: battery company A123 Systems, Codexis, power technology firm Orion Energy Systems and wind turbine component maker China High Speed Transmission.

Meanwhile, the venture is the first corporate investment programme by both ConocoPhillips and NRG Energy.

By. Mark Nicholls

Source: Environmental Finance




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News