Mascoma, Luz II, Norsun, NIL, and other news
13th Nov 2006, 08:38 GMT
Mascoma, which is developing cellulosic ethanol production technology, is expected to announce a $30mm round of financing on Monday, led by General Catalyst Partners, and including Khosla Ventures and Flagship Ventures (we've previously mentioned a smaller amount than the $9mm it's now known these two firms invested earlier this year), Kleiner Perkins and others. The funding is going to go toward a pilot-scale plant, and Samir Kaul mentions that he is expecting commercialization in 2008. Not sure how we forgot to mention this one, but hopefully better late than never: John Woolard of VantagePoint Venture Partners has joined centralized solar plant startup Luz II (no website yet) as CEO, and the firm has raised an undisclosed amount of funding from VPVP. The firm apparently already has a 500 MW power purchase agreement in place with PG&E, and is aiming for
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