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Cleantech Investment in Nevada Tops $213 Million in 2013

Companies mentioned in this article: Cleantech Group Inc.

SAN FRANCISCO -- (BUSINESS WIRE) -- Cleantech Group™, provider of the i3 market intelligence platform and global consulting services, today announced preliminary 2013 results from its i3 data product. The firm reported that in Nevada, clean technology venture investment during 2013 totaled $213,644,029.

According to data in i3, Nevada’s top deals and their investors were:

  • Gradient Resources, a Geothermal company, raised $70,422,048 from Denham Capital Management in a Structured Debt round
  • Ram Power, a Geothermal company, raised $50,000,000 from Cormark Securities in a Structured Debt round
  • Blue Earth, a clean technology acquisition company, raised $18,349,000 from undisclosed investors in a Structured Debt round
  • Expanergy, an Energy Efficiency company, raised $5,615,001 from undisclosed investors in a Series A round
  • Methes Energies, a Biofuels & Biochemicals company, raised $1,700,000 from undisclosed investors in a Series A round

“Our i3 market intelligence platform tracked strong performance by cleantech public stocks: five of the top 20 best performing stocks of the Russell 3,000 in 2013 were cleantech companies,” said Sheeraz Haji, CEO of Cleantech Group. “Despite challenging IPO and M&A markets, we observed a number of positive 2013 exits including Climate Corporation, Waze, Silver Spring Networks, ecoATM, and Evogene. Our i3 data indicate that investors continue to shift away from capital intensive deals and move towards distributed generation, resource sharing, agriculture, and the digital oilfield theme.”

i3 tracks the latest deals, trends, and insight into innovation, with data for over 22,000 companies across 18 sectors. The product also allows users to identify innovation clusters around the world, drill down into taxonomy for 18 sectors, and pursue company discovery.

While the bulk of the data is only accessible by subscribers, a subset of data in i3, is available at no charge.

About Cleantech Group Inc.

Cleantech Group helps clients accelerate sustainable innovation. The company’s i3 market intelligence platform, which tracks over $7 billion of deal flow annually across 22,000 cleantech companies, allows subscribers to discover companies and explore resource technology trends strategically with proprietary real-time data. Cleantech Forums bring together thought leaders and innovators in the cleantech and sustainability ecosystem. The company’s Advisory Services leverage expertise in designing and executing corporate strategies for sustainable growth and innovation sourcing. Details at www.cleantech.com


Copyright © Business Wire 2014
Contact:

Cleantech Group
Millen Paschich, +1 415-233-9712
media-services@cleantech.com