Greensmith, a leading provider of grid-scale energy storage software and integration solutions, announced that it has completed its $12.3 million Series C round of financing. The round was led with a $5 million dollar strategic investment from American Electric Power, one of the largest electric utilities in the United States, serving nearly 5.4 million customers in 11 states.- Following Fuels America’s full page ad in the Las Vegas Review-Journal last Monday and in the New Orleans Advocate last Thursday aimed at President Obama’s broken commitments on the Renewable Fuel Standard, the renewable fuel advocates are running a third version of the ad. In a full page ad in the Alaska Dispatch News, Fuels America continues to target the President to hold his administration accountable for proposing to gut the only law combating climate change, the RFS. The ad is keyed to the President’s visit to Anchorage as he tours the nation speaking about climate.
- Malama Composites, Inc. has earned the USDA Certified Biobased Product Label and is identified for Federal preferred purchasing for its Pacific BioFoam™ product. The label verifies that the product’s amount of renewable bio-based ingredients meets or exceeds levels set by USDA.
- Benson Hill Biosystems announced it has secured an investment of $7.3 million in its Series A round of financing. The funding will be used to further advance its PSKbase™, a computational and systems biology-based platform that helps technology developers and breeders identify promising strategies to increase genetic gain in crop plants. The capital will also support additional field trials and other product development activities for traits that increase crop productivity by improving photosynthesis. The financing was led by Middleland Capital, an agriculture-focused venture capital firm, with co-investors Mercury Fund, Prelude Ventures, Prolog Ventures, Alexandria Venture Investments, Cultivation Capital, and TechAccel. Existing investors Missouri Technology Corporation and Biogenerator also participated in the round.
