Clean technologies are emerging as a significant economic opportunity, while also promising the mitigation of global climate change and promoting U.S. energy independence. Cleantech subsectors include alternative fuels, energy storage, energy efficiency, water, environment, energy/electricity generation (i.e. solar, wind, hydrogen, geothermal and hydro power) and industry-focused products (agriculture, construction, transportation, materials, consumer products).
Since 2003, Advantage Capital Partners has invested $94 million in its 25 cleantech portfolio companies. In 2010 alone, Advantage Capital’s 25 cleantech portfolio companies prevented 120,000 metric tons (MT) of CO2 emissions, diverted 39,000 tons of material from landfills, eliminated importing and burning of 6.5 million gallons of petroleum products and replaced more than 3,500 tons of coal. Many of these companies are still growing rapidly, with expectations that their impact will be even greater in five years:
- 2.3 million MT CO2 eliminated (equivalent of removing 420,000 cars from the road)
- 97,000 tons diverted from landfills
- 157 million gallons of petroleum products replaced (equivalent to 30 days of US demand from OPEC)
- 370,000 tons of coal unneeded
Advantage Capital was recently recognized with the “Heroes of the Planet Award” for sustainable investing.
Some clean technology highlights from our portfolio:
GridPoint, Inc., is a leading cleantech company in our firm’s Washington, D.C.-area portfolio. GridPoint’s innovative smart grid platform aligns the interests of electric utilities, consumers and the environment through an intelligent network of distributed resources that controls load, stores energy and produces power. The platform creates a path for integrating new technologies such as plug-in hybrid vehicles, solar energy and wind power.
Hoku Corporation (NASDAQ: HOKU) is a solar products and services company operating three businesses: Hoku Materials, Hoku Solar, and Tianwei Solar USA. Hoku Materials manufactures, markets and sells polysilicon for the solar industry from its plant currently under construction in Pocatello, Idaho. Hoku Solar delivers investment-grade solar power for commercial, institutional and utility clients. Tianwei Solar USA markets and sells photovoltaic modules.
SOMS Technologies, Inc. in Valhalla, N.Y., is the manufacturer of the microGreen(TM) oil filter, a patented “green” technology designed to keep oil cleaner while reducing the frequency of filter replacement. The microGreen oil filter design utilizes two filters while maintaining the standard spin-on canister form. By continuously filtering a small portion of the engine oil through the secondary microfilter system, the microGreen filtration system allows a vehicle to operate up to 30,000 miles without changing the engine oil. Use of the microGreen filter will result in a 70% reduction in oil use and a 50% reduction in filter use when compared to a typical oil filter, benefiting both the consumer and the environment.
Virent, Inc., in Madison, Wisconsin is leading an historic shift: replacing crude oil by creating the chemicals and fuels the world demands using a wide range of naturally-occurring, renewable resources. The company’s process pioneers the commercial production of biofuels and bioproducts which are both sustainable and economical.
Additional clean technology, energy-related and green investments in Advantage Capital’s portfolio include: