Alphabet’s Cleantech ‘Moonshots’ Attract Big-Name Investors

By [email protected] Two cleantech startups from Alphabet’s “moonshot factory” improved their odds of commercialization this week.

Makani, which makes a kite-based wind power generation device, secured a partnership with Shell’s wind development arm to test the technology offshore. The deal makes Shell a minority shareholder in the startup, although further details of the terms were not disclosed.

Now, Makani will graduate out of X’s Moonshot Factory and live as an independent entity within the Alphabet corporate structure.

Earlier this week, home geothermal heating company Dandelion Energy raised a $16 million Series A led by Google Ventures (now called GV) and Comcast Ventures.

Back in December, X

Read Full Article Here

For more great articles: Greentech Media: Headlines

(Visited 2 times, 1 visits today)



© 2014 RenewaNews