Alternative Energy - Sunday, March 26, 2006
Vinod Khosla's Tricked Out Chevy Tahoe
Studly VC Vinod Khosla gets his portrait taken aside his ethanol powered Chevy Tahoe for the NY Times. Says Khosla: "I am convinced we can replace a majority of petroleum used for cars and light trucks with ethanol within 25 years," Khosla has already invested "tens of millions of dollars" in private companies that are developing methods to produce ethanol from corn.
We also learn that Bill Gates has also made a move into the ethanol market via Cascade Investment. Gates plans to buy $84M in convertible securities in Fresno-based Pacific Ethanol.
Ethanol is certainly not a technology play - it is widely used in third world countries like Brazil -rather ethanol growth is a logistics and marketing issue.
Read - On the Ethanol Bandwagon, Big Names and Big Risks (NYTimes)
View - Khosla Ventures
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