• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 30 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 9 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 7 days Energy Armageddon
  • 23 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 3 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 3 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 23 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 3 days The Federal Reserve and Money...Aspects which are not widely known
  • 12 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 4 days Goldman Betting on Cryptocurrencies
  • 7 days Сryptocurrency predictions
  • 12 days Putin and Xi Bet on the Global South
Solar Stocks Are On The Move Again

Solar Stocks Are On The Move Again

Solar stocks are once again…

Sewage: The Next Renewable Energy Breakthrough?

Sewage: The Next Renewable Energy Breakthrough?

Researchers at Washington State University…

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

Premium Content

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


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News