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Alternative Energy Venture Capital
Energy Efficient Lighting Leader Lumenergi Secures $12.7 Million in Venture Funding
NEWARK, Calif.--(BUSINESS WIRE)--Lumenergi Inc., the leading provider of energy efficient networked lighting systems, today announced the close of a $12.7 million series B round of financing.
NewNet Clean Energy LP-GP Forum, London
Solar Power Questions:
Did you know that Chesapeake Energy the natural gas company is working on biofuels?
The effort will focus on more than natural gas, though: Chesapeake NG Ventures Corp. plans an immediate investment in a company involved with biofuels production.
McClendon joins other luminaries using the tools of capitalism to boost alternative energy and technology. This is an exciting development that could benefit not only Chesapeake, which is taking all the risk, but the city and state in which it's based.
http://newsok.com/capital-fund-created-to-boost-role-of-natural-gas/article/3585541
I am not investing in it yet cause I am waiting to see what happens with the market. Its not too good right now but this is one hell of a company if you ask me. Cramer loves this company too and he used to be a hedge fund manager.
Good for them. Chesapeake is an excellent company which provides good value to the shareholder. If they are successful in this effort it will be a huge win for them and yet another triumph for private industry.
