Kleiner to sell off its early EEStor shares to Zenn Motors
Venture capital firm Kleiner Perkins is getting rid of a small, early investment from back in 2005 in a highly controversial energy storage startup called EEStor.
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Venture capital firm Kleiner Perkins is getting rid of a small, early investment from back in 2005 in a highly controversial energy storage startup called EEStor.
Energy storage company EEStor put out a press release on Tuesday saying it’s still alive and making progress on its technology.
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Politicians, in office and retired, need to do their homework and pay special attention to connecting with tech and greentech startups. The majority of these companies won’t succeed.
With no word in sight from Zenn Motor’s endlessly-controversial partner on which it bet the farm — EEStor — the CEO of Zenn Motors, Ian Clifford, has officially stepped down this week. Clifford will shift into the role of Vice Chair of the Board of Directors.
While Zenn Motor came to the end of its life as an electric car maker four months ago, there’s still no word on progress from Zenn’s controversial partner — on which it bet the farm — EEStor. In fact Zenn seems to be distancing itself.
EnerG2, a company working on synthetic carbon materials for energy storage devices, hit pay dirt last summer with the award of a stimulus grant under a DOE program. Today, in Albany, Ore., the startup at last kicked off construction of the factory made possible by that grant.
Despite all of the innovations and investments in solar, wind, and the smart grid, the reality of cutting carbon emissions out of the U.S. energy portfolio will rely on natural gas, which will make up 40 percent of the U.S. energy market according to a report today.
Here’s one reason why greentech venture capitalist Vinod Khosla might have been a bit skeptical of stealth energy storage company EEStor last year — looks like he’s invested in a company that could be a competitor called Recapping (that is if EEStor ever releases a product).
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