Tag Archives: Nexterra

The Canadian connection: a roundup of Canuckish cleantech news

My friends over at Earth2Tech are reporting that Toronto-based Morgan Solar, a promising concentrated solar PV startup, is heading into its round B of financing and hopes to raise between $20 and $25 million. Up until now the company has raised about $20 million, slightly less than half from private investors and the rest through government grants. Morgan Solar, in my talks with them, is serious about keeping its R&D and some manufacturing in Toronto, but it sees the first major volume happening at a new facility it plans to build in California. I don’t think Morgan will have trouble raising the money. I’ve seen the technology, know the founders well, and have talked to their early investors. There is solid commitment there and a sense that what the company is working on is truly ground-breaking. 

Montreal-based 5N Plus, meanwhile, is diversifying its business through acquisition. The company is the main supplier of cadmium telluride to First Solar and others, such as Abound Solar. But analysts were concerned 5N wasn’t diversified enough and was too dependent on its business with First Solar. So 5N decided this week to acquire Belgian-based MCP Group, which is a producer of specialty metals such as bismuth, gallium, indium and selenium. This allows 5N to tap into the market for CIGS solar cells (that is, copper indium gallium selenide cells), but also a whole range of other products: LEDs, flat-panel displays, fuel cells and other forms of energy storage.

Heading to the West Coast, biomass gasification expert Nexterra has raised $15 million in equity financing from Tandem Expansion Funds and ARC Financial. Nexterra makes small-scale biomass CHP systems based on the gasification of biomass. The systems are ideal for distributed generation in a hospital, university, industrial or municipal setting, and because it is ultra low emission it is a good fit for urban environments. The company has a solid partnership with General Electric and just snagged some government funding for a large biomass-based CHP system at the University of British Columbia, which says the 2-megawatt system when it’s up and running in 2012 will reduce its demand for natural gas by 12 per cent.

In Florida, algae-to-ethanol startup Algenol has acquired its German partner Cyano Biofuels GmbH. Okay, the company isn’t based in Canada, but Algenol’s founder Paul Woods is a Canadian who grew up in the Toronto area and kickstarted the natural gas retail market in Ontario before moving south. And some of Algenol’s core innovation comes out of the University of Toronto, so I consider the company an honourary Canadian corporate citizen. Cyano Biofuels is an expert in producing hybrid algae that can produce ethanol, and Algenol was already a minority shareholder in the company. Algenol saw the all-out acquisition as a way to accelerate the commercialization of its Direct-to-Ethanol process using genetically enhanced cyanobacteria, or blue-green algae. I’m a fan of Algenol, which is the focus of a chapter in my upcoming book Mad Like Tesla.

Finally, Sustainable Development Technology Canada issued another round of grants to 17 companies doing cleantechie stuff. I’ll go through some of these in more detail later, either as part of a Clean Break column or a quick post. But check out the list — there are some interesting projects there. As I’ve always said, SDTC funding rounds are like Christmas time for cleantech news junkies like myself.

SDTC injects $53 million into 16 more cleantech projects

Sustainable Development Technlogy Canada just completed its 13th funding round, this time putting $53 million into 16 cleantech projects and bringing its total funding to $376 million. As I’ve mentioned in previous posts, SDTC only invests if private consortia come to the table with two-thirds of project funding. In total, 154 project have been funded with $1.3 billion in public-private funds.

Here are, in my opinion, some of the more interesting projects that got funded in this round: Continue reading SDTC injects $53 million into 16 more cleantech projects

Nexterra, GE Energy partner up on commercial-scale biomass power systems

It’s a match made in renewable heaven. After two years of collaboration Vancouver-based Nexterra Energy, developer of biomass gasification systems, has partnered with GE Energy to create modular biomass combined heat and power (CHP) plants of between 2 and 10 megawatts in size. Nexterra has optimized its system to work with GE’s Jenbacher high-efficiency gas engines. Specifically, it has upgraded the syngas that comes out of its system so that it meets the fuel specifications of the Jenbacher engine.

“We believe the combination of biomass gasification and internal combustion engines is a breakthrough for biomass power generation,” said Prady Iyyanki, CEO of GE’s Jenbacher division.

The biomass CHP system is ideal for on-site heat and power applications at universities, hospitals, and other government facilities, as well as food and beverage plants, waste management facilities and forest product mills. Independent power producers — perhaps part of community co-ops — could also use the systems as standalone power generators for their communities. Continue reading Nexterra, GE Energy partner up on commercial-scale biomass power systems