alarm:clock

Alternative Energy - Monday, November 19, 2007

More Alt Energy Fundings: Pythagoras, M2E, XJet

Israel's Pythagoras says it has raised an undisclosed amount of funding from an un-named private equity firm. The startup sounds a familiar refrain: "it has been founded to fulfill the promise of static concentration and bring CPV technology to the grid connected market. The company's core technology is based on innovative optic design that produces the same level of solar electricity and use the same form factor compared to standard solar panels, but at significantly less silicon and at dramatically lower cost."
View - site

Meanwhile, in Waltham, MA, M2E has raised $2M . M2E Power is focused on meeting the mobile power needs of the military. The startup's mobile power equipment consists of a micro-generator combined with traditional battery storage to create a system that captures the kinetic energy of normal everyday motion (human or vehicle) to generate enough electricity to power mobile devices. In addition to military applications, the startup also plans to sell its technology to cell phone makers who will be able to turn around self-charging cell phones.
View - site

Back in Israel, stealth mode startup XJet has raised $9M. Like Pythagoras, xJet is working on solar panel technology but it remains in stealth mode and hell it doesn't even have a web site at this point.. The firm was backed by Gemini Israel Funds, Swiss investment fund Good Energies, Taiwanese semiconductor equipment manufacturer Spirox and private investors.