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Marwa Gouda

Head of Investor Relations

Marwa@i2bf.com
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I2BF supports bringing the "snowdrops" to Moscow

British channel ITV covers recent celebrations bringing the British and Russian veterans of the Arctic convoys "snowdrops" together in Moscow, perhaps for the last time. They came together to present an Arctic Star medal to the Central Museum of the Great Patriotic War in Moscow.

 

I2BF's Ilya Golubovich and Timothy Lewin lent their support to the project.


http://www.youtube.com/watch?v=YVXuQFtOY5o

http://www.youtube.com/watch?v=mnSAHqaoty4&


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2013
Blog post
GTL Technology Offers Viable Solution for the Billions Russia is Losing in Flared Gas

I2BF's own Ilya Golubovich shares his thoughts on Breaking Energy on the economic opportunity for GTL technology in Russia.


Read the full article on Breaking Energy or download the article here

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Article
I2BF Global Ventures Launches Digital Technology Investment Arm, I2BF Digital

 I2BF Global Ventures launches digital technology investment arm, i2bf digital

Builds on Firm’s Track Record in Digital Space, Consisting of Two Exits and Six Commitments

 

New York, New York October. 28, 2013 I2BF Global Ventures, a leading global technology investment firm, today announced the launch of I2BF Digital, a digital information technology (IT) investment arm that will focus on technologies related to power electronics, digital IT and commercial devices. I2BF Digital complements the firm’s existing portfolio of clean technology and nanotechnology companies while also building upon its strong network of entrepreneurs and technology successes.

 

“I2BF Digital is a natural extension of our core expertise in identifying successful start-ups and frontier technologies,” said Ilya Golubovich, managing and founding partner of I2BF Global Ventures. “We began significantly developing our digital investment portfolio in 2011 and have since completed two successful exits. As a result of our demonstrated prowess in the industry, and in response to rising demand and interest from our existing Limited Partner (LP) base, we’ve decided to formerly launch I2BF Digital as an investment arm.”

 

I2BF Digital will be backed by existing funds from the firm’s LPs, and investments will be focused on seed to Series A rounds in the United States (particularly Silicon Valley), Russia and South Korea, specifically across incubator programs such as Y Combinator, Stanford’s StartX and emerging programs at Moscow University and Skolkovo. I2BF Digital will also expand the firm’s product offering to its existing investors with an interest in long-term strategic investment options.

 

I2BF Global Ventures, which manages four venture capital vehicles, has already built a strong track record in the sector, shifting from smaller shares to a more proactive approach and larger stakes in businesses. The firm has also completed two successful exits from its digital arm with Boxee, a cloud-based DVR that was acquired by Samsung, and TokBox, a flexible, live face-to-face online video platform, which was acquired by Telefonica.

 

Other existing investments in the digital arm include:

·         ElaCarte, comprehensive guest ordering and pay-at-table solution

·         ServiceTitan, a fully integrated service tracking solution

·         Buzzoola, an automated social video advertising platform

·         Prizeo, a revolutionary crowd-funded charity platform

·         GetGoing, a smarter tool for planning leisure travel

·         CloudEO, a unique portal for all those who create, interpret and use geodata

 

“We’re proud to be financed in part by I2BF Global Ventures,” said Alek Vernitsky, CEO at GetGoing, the personalized travel search and booking site. “And we’re especially honored to be one of the first companies under the I2BF Digital investment arm, as I2BF expands its reach to companies like GetGoing, which is helping to make travel easier and more affordable.”

 

About I2BF Global Ventures


Established in 2005, I2BF Global Ventures is an international technology focused venture capital firm with a global investment mandate. The mission of I2BF Global Ventures is to seek out innovative and competitive companies, targeting sectors and technologies it believes can lead the path to a "Brighter Future". Since the first portfolio company investment in 2006, I2BF Global Ventures has successfully completed 24 transactions, and manages four venture capital vehicles. In keeping with its worldwide investment focus, further to the team in New York, I2BF Global Ventures retains a team of technology and sector experts in London, Moscow, Dubai and Astana to ensure a truly global venture capital strategy and a hands-on management approach. Visit www.I2BF.com for more information.

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Press release
Dauria Aerospace and Samsung Launch First Private Russian Satellite

Samsung Will Bring Its Innovation to Drive Space Industry Development in Russia  


Moscow, October 15, 2013 - Samsung Electronics and Dauria Aerospace announce a partnership aimed to launch the first Russian private space satellite DX-1. The spacecraft will serve for navigation and identification of ships in the oceans and on river routes. Its estimated cost is of about 3 million dollars. Samsung Electronics will equip the control room which will be used to track satellite’s flight.


Satellite DX-1 opens a new era in the Russian space program. It is being developed as a small space satellite, which will help to test equipment, accumulate technology and software to create a unified development platform for small spacecrafts. This platform will enable to start production of a new generation of satellites for various purposes with minimal customization for specific tasks.


"With this project, we have proved that a private company is able to take the path from design to launch of satellite efficiently and in a fairly short period of time. We were able to bring up the team of the best Russian and foreign specialists. Vast experience of our team and advanced design allows us to be pioneers of private space, and we are confident in the future of this industry “says Dauria Aerospace founder Mikhail Kokorich.


Samsung will provide Dauria Aerospace with equipment to control the flight process, including Samsung SMART TV (55’), Samsung ATIV Book 7 and Samsung MFP.


"This project is the recognition of the highest quality of Samsung technologies that will serve to control the flight process of the satellite. We are happy to work with these space enthusiasts opening a new page in the history of space industry in Russia,” says Samsung Electronics CIS President Jun Sang Ho.


The first satellite will serve test purposes, meanwhile it also suits important business tasks. Running Automated Identification System applications which, it will be used for navigation and identification of ships in the oceans and on river routes. Thus, this little machine will give a complete tracking of all the ships in real time. The launch of DX- 1 is planned for the winter of 2013-2014, incidental starting with space craft "Meteor -M № 2" by carrier rocket “Soyuz-2 -1b “with the upper stage "Fregat."

 

About Dauria Aerospace

Dauria Aerospace develops and manufactures the new generation of low cost, small satellites. The deep reduction of costs combined with the enhanced performance capabilities offered by the new products makes constellations of many satellites financially viable, thus enabling operational services and creating new applications. This has been achieved by utilizing the state of the art terrestrial microelectronic and micro-system-technologies. The company currently has two satellite development centers: in Skolkovo, Moscow, in NASA Ames Research Center, California. To discover more, please visit dauriaspace.com.

 

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of televisions, smartphones, personal computers, printers, cameras, home appliances, LTE systems, medical devices, semiconductors and LED solutions. We employ 270,000 people across 79 countries with annual sales of US$187.8 billion. To discover more, please visit www.samsung.com.

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Press release
I2BF Global Ventures Invests $20m in Dauria Aerospace

I2BF Global Ventures INvests $20m in Dauria aerospace

Aerospace Company Aims to Establish Low-Cost Satellite Monitoring and Observation Services

 

 

New York, New York Oct. 8, 2013 I2BF Global Ventures, a leading global technology investment firm, today announced a $20 million Series B investment in Dauria Aerospace, a global satellite services company involved in the manufacturing of micro and nano satellites and the development of machine-to-machine wireless communication and earth observation technologies. 

 

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Press release
Edeniq Announces Most Recent Patent

Edeniq Announces Most Recent Patent

Protects certain core processes that pave the way for low-cost cellulosic sugars and ethanol

 

VISALIA, Calif.  October 2, 2013 - Edeniq, Inc., a biomaterials and sustainable fuels company, announced that the company has received notice of allowance from the United States Patent and Trademark Office, protecting three targeted process applications. The new patent, entitled “Materials and Methods for Converting Biomass to Biofuel,” was approved on September 4, 2013. The patent covers certain core equipment and process technology used in Edeniq’s Cellunator™ offering, PathwayTM integrated platform, and continuous cellulosic sugar production process.

 

Edeniq’s Cellunator™, which is currently deployed in corn ethanol plants, increases ethanol yield by two to four percent by optimizing starch conversion. The first Cellunator installation was completed in 2009 and the technology is improving efficiency and profits at ethanol plants with capacities of 50 and 100 million gallons per year.

 

PathwayTM is a proprietary, integrated platform that produces cellulosic ethanol inside existing corn ethanol plants. The platform combines the Cellunator™ technology with an enzyme cocktail to break down corn kernel fiber, releasing cellulosic sugars into the fermentation process. The PathwayTM integrated platform is currently in commercial trials that have demonstrated its ability to further increase ethanol yield.

 

This technology is also a core element of a large demonstration plant being installed in São Paulo State, Brazil, which is being co-constructed by Edeniq and partner Usina Vale, a Brazilian sugar and ethanol producer. The demonstration plant will produce cellulosic sugars from sugarcane bagasse, the fibrous by-product of sugarcane juice extraction.

 

“We are pleased to receive this key patent, which is the first of several that we expect to issue from this product family as well as our other product lines,” said Brian Thome, President and CEO of Edeniq. “Our patented processes are currently converting the corn kernel fiber at ethanol plants, which is the first step and the fastest path to migrating toward cellulosic ethanol production.  With additional patents pending, we are continuing on our path toward developing the lowest cost route to cellulosic sugars and ethanol for our customers and partners.”

 

Edeniq holds or has exclusive rights to seven patents, with an additional 12 patents pending. Patented technologies, including the Cellunator™, are currently being used to convert cellulosic feedstocks, such as corn stover, to cellulosic sugars and ethanol in Edeniq’s pilot plant in Visalia, California  

                                                            

About Edeniq
Edeniq is unlocking the sugar conversion process. Edeniq has developed technologies and processes to convert cellulosic biomass to low-cost, high-purity sugars. Edeniq uniquely combines biological and mechanical processes in a capital efficient solution that can be easily integrated into existing biorefineries. End markets include ethanol as well as other biofuels, biochemicals, and bio-based products. Edeniq currently sells or licenses its technologies to biorefineries in the United States and Brazil. Edeniq was founded in 2008 and is headquartered in Visalia, California with locations in Omaha, Nebraska and São Paulo State, Brazil. More information can be found at http://www.edeniq.com.

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Press release
Scifiniti Raises $10 Million in Series B Funding

JULY 1, 2013, San Jose, CA. — Scifiniti announced today that the company has raised $10 million in Series B funding from current investors Alloy Ventures, Firelake Capital, I2BF Global Ventures and Peninsula Ventures. The money will be used to bring Scifiniti’s first product, SmartWafer™, to market. SmartWafer is an ultra-low cost, drop-in replacement photovoltaic (PV) silicon wafer.

“When we invest, we are looking for companies that have disruptive technologies for very large markets,” said Dan Rubin, General Partner at Alloy Ventures. “The wafer market for solar cell manufacturing is a multi-billion dollar market and continues to grow. The cost advantage of SmartWafer and their cutting-edge manufacturing approach puts Scifiniti in a leadership position to deliver solutions that will allow their customers to produce and sell modules that will have a significant impact on the solar market.”

SmartWafer has been engineered specifically for solar cell manufacturing, unlike traditional wafers that have been adapted from the semiconductor industry. It uses a thin, deposited, high-quality silicon layer on a conductive substrate, offering the same form-factor as a standard wafer enabling a “drop-in” replacement. Cell and module manufacturers will be able to use the SmartWafer without any changes to existing processes and without the need to purchase new capital equipment. SmartWafer reduces silicon use by more than 90 percent and helps to improve yields by reducing wafer breakage rate compared to conventional wafers, which will result in significant cost savings.

“We appreciate the continued confidence from our investors,” said Sharone Zehavi, CEO of Scifiniti. “We have made significant progress in the development of our disruptive SmartWafer technology and we believe our customers will see dramatic benefits from our technology that will enable them to grow their revenue and improve margins.”

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Press release
Scifiniti to Produce Ultra-Low Cost Silicon Wafers for the Solar Market

Advanced Technology Cuts Wafer Costs by More Than 50 PercentScifiniti CEO, Sharone Zehavi holding new SmartWafer
JULY 1, 2013, San Jose, CA.-Scifiniti came out of stealth mode today, with the announcement of its first product, SmartWafer™. SmartWafer is an ultra-low cost, drop-in replacement photovoltaic (PV) silicon wafer that offers the same form factor and performance as traditional wafers, but costs less than half as much to produce.

“Over the last few years, a large ecosystem has been created around crystalline silicon, the dominant solar manufacturing technology,” said Sharone Zehavi, CEO of Scifiniti. “To enable the continued cost reduction and growth of solar-based energy, the largest opportunity in the value chain is to dramatically decrease the cost of the silicon wafer. Our scalable manufacturing technology reduces the wafer cost by more than 50 percent and enables our customers to dramatically improve their margins.”

SmartWafer has been engineered specifically for solar cell manufacturing, unlike traditional wafers that have been adapted from the semiconductor industry. It uses a thin, deposited, high-quality silicon layer on a conductive substrate, offering the same form-factor as a standard wafer enabling a “drop-in” replacement. Cell and module manufacturers will be able to use the SmartWafer without any changes to existing processes and without the need to purchase new capital equipment. SmartWafer reduces silicon use by more than 90 percent and helps to improve yields by reducing wafer breakage rate compared to conventional wafers which results in significant cost savings.

“We seek out innovative and high impact companies that deliver disruptive technologies for large markets,” said David Waserstein, partner at I2BF Global Ventures. “The wafer market represents a $6 billion opportunity that continues to grow. Scifiniti’s technology puts them in a leadership position to capture significant market share and build a highly profitable business in the solar market.”

During the creation of SmartWafer, Scifiniti developed a number of unique technologies, which include an in-line continuous deposition system, a crystallization system and advanced semi-grade ceramic processes. The company expects to utilize these capabilities in future products for multiple markets.

“I am very excited about SmartWafer for the solar market and the innovative nature of Scifiniti’s suite of technologies,” said Wilbert van den Hoek, Scifiniti board member and former CTO of Novellus, Inc. “Their exceptional capabilities are applicable to multiple industries beyond solar such as batteries and advanced ceramics.”

About Scifiniti
Scifiniti (www.scifiniti.com) is a materials company developing innovative solutions that enhance performance and significantly lower the cost of silicon-based products for energy and related markets. Headquartered in San Jose, Calif., Scifiniti is backed by Alloy Ventures, Firelake Capital Management, I2BF Global Ventures and Peninsula Ventures.

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Press release
ACAL Energy Appoints New CEO

The company announces the appointment of Greg McCray as its new Chief Executive. McCray will lead the company through its next round of funding and product trials in the automotive and stationary power industries as the company moves towards the commercialisation of its technology.


ACAL Energy’s FlowCath technology, which has been under development for the last eight years, uses up to 80% less platinum than conventional fuel cells thanks to a platinum-free cathode; this allows for substantial cost reductions. In addition, the company claims that the system is more durable than existing market equivalents.


McCray was previously CEO of Antenova Limited, a fast-growing antenna business, and before that he headed PipingHot, a UK broadband start-up; under his management the company raised $27 million in venture capital funding, and the company was subsequently acquired by Motorola.


ACAL is looking to raise £15 million within the first half of this year to respond to rising demand for clean power from industry, and McCray’s history looks to make him an appropriate leader for this goal.

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Press release
Bowman Power and Enerwhere announce Middle East Partnership

image description

Bowman Power and Enerwhere are delighted to announce that they have signed an agreement for Enerwhere to sell, distribute and support Bowman’s unique exhaust heat recovery technology in the Middle East and selected territories across Africa and Central Asia. Bowman’s technology works by recovering waste heat and pressure from the exhaust of large diesel generators, and turning it into additional electricity. The net effect is a reduction in fuel consumption of 6-9%, depending on the engine type and operating conditions. An illustrated explanation of the technology can be found in this video.

The agreement was signed today at the Middle East Electricity Conference by Dr. Toby King, CEO of Bowman Power, and Daniel Zywietz, founder of Enerwhere and Managing Director at Ambata Capital Middle East.

Dr. King commented: “We are delighted to be working with Enerwhere and Ambata in such an important market. We believe their extensive experience and contacts in the region will further enhance Bowman’s rapid growth. Enerwhere has already identified a number of potential strategic customers in the region and we look forward to a fruitful collaboration.”

Mr. Zywietz added: “We are glad to be working with Bowman whose product line offers unique benefits centred on energy efficiency. Bowman’s technology complements our solar solutions and allows us to reduce fuel consumption in our off-grid solutions by a further 6-9% for conventional diesel generators. This is very significant for such a mature technology and contributes to fuel savings of up to 30% for a complete solar-diesel hybrid solution.”

“Particularly customers in Dubai and Jordan are seeking more efficient solutions” Mr. Zywietz explained, as diesel prices have risen significantly recently due to the removal of fuel subsidies. Afghanistan, Yemen, and many African countries also have either high prices or limited diesel supplies, making fuel saving technology attractive to users. “A typical 1 MW generator running Bowman’s technology can save over a hundred thousand dollars of fuel per year. At this scale we are already seeing significant demand from customers” Dr. King added.

This is Bowman’s second distribution partnership following on from its successful collaboration with KPS in Australia. KPS has agreed to purchase over 100 Bowman turbogenerator systems for use in its power plants, predominantly in the mining sector. Several hundred additional systems are already in operation in Europe in biomass energy applications.

——————————–

About Enerwhere

Enerwhere is a specialist provider of commercial scale off-grid energy solutions, which use a combination of solar energy and other efficiency measures to reduce the customers’ dependency on costly diesel fuel. Enerwhere’s systems are optimized for use in locations where there is no access to the electricity grid, as often found in the in the mining, construction and oil & gas industries, as well as in military and aid / disaster recovery operations.

www.enerwhere.com

About Ambata Capital Partners

Ambata is a global investment and advisory firm specializing in clean energy and sustainability, with a strategic focus on the Middle East and Africa. Led by Michael Philipp, former Chair and CEO of Credit Suisse for Europe, Middle East and Africa and Global Head of Asset Management at Deutsche Bank, the Ambata team consists of a world-class team of professionals in research, advisory, investments, structuring and distribution, based in the US and the UAE. Ambata is a shareholder in Enerwhere, as well as several other early- and growth stage clean technology ventures focusing on the growing markets of the Middle East and Africa.

www.ambata.com

 

For more information please contact:

Emeline Platel, Enerwhere, +971 4 431 8988, info@enerwhere.com

Ewa Miarka, Bowman Power, +44 2380 352579,emiarka@bowmanpower.co.uk


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Press release
Edeniq Names Dr. Dan Michalopoulos as New Vice President of Technology

VISALIA, Calif. January 24, 2013 – Edeniq, Inc., a biomaterials and sustainable fuels company, today 

announced Dr. Dan Michalopoulos as a key new addition to the company’s core technology team. Dr. 

Michalopoulos brings over 20 years of experience in both business and academia across chemical 

technology and alternative fuels sectors to his new role at Edeniq. 


To read the full release please click here

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Press release
Primus Power Receives Department of Defense Energy Storage System Demonstration Contract

HAYWARD, CA.  January 23, 2013 /Business Wire/- Primus Power, a leader in multi-megawatt, multi-hour, grid-scale electrical energy storage, was awarded a contract by Raytheon’s Integrated Defense Systems (IDS) business to deliver and support an electrical energy storage system for a microgrid at the Marine Corps Air Station (MCAS) in Miramar, California.  Primus will work closely with Raytheon as part of the "Zinc Bromide Flow Battery Installation for Islanding and Backup Power" project funded by the Department of Defense Environmental Security Technology 

Certification Program (ESCTP).

 

Click here to read the full press release

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Press release
Prism Solar Receives UL And CEC Certifications For Bifacial Modules

Highland, N.Y.-based Prism Solar Technologies , a manufacturer of bifacial and holographic bifacial solar modules, says it has received several certifications from Intertek for its bifacial silicon solar modules. 

The certifications include UL1703, ULC/ORD-C1703-1 and California Energy Commission (CEC) certifications. Intertek has granted Prism Solar "Authorization to Mark" its products with the ETL mark.

The modules are frameless, tempered glass-on-glass, which the company says makes them architecturally attractive and easy to install. The units use bifacial silicon solar cells that convert to energy the light that strikes both the front as well as the back of the module, leading to as much as 30% additional energy harvesting from the sun, according to Prism Solar.

The new certifications make the modules available to commercial customers in the U.S. and Canada, says CEO David Waserstein.





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2012
Press release
Bowman Power scoops top national award

Bowman Power Group is celebrating after winning a top national award in recognition of its world leading innovation in energy recovery technology.




Bowman Power Group- recognised as the fastest growing high-technology firm in the South of England – won the Made In Britain category at the prestigious CBI-backed Growing Business Awards.


‘It’s in a sweet spot with unlimited potential,’ said the panel of judges making the award. ‘Bowman represents extraordinary innovation and is a company that needs the greatest possible encouragement at this stage in its development.’


Bowman won the award for its innovative high-speed turbogenerator that recovers energy from large engine exhausts and converts it into electricity. It shared the prize with Chester’s EA Technology.

After accepting the award from former 1500m world champion Steve Cram MBE, Bowman CEO Dr Toby King said: ‘This award recognises the hard work and dedication of everyone at Bowman, and highlights the fact that our successful and innovative technology is developed, manufactured and tested in the UK.


‘It’s been a long road and it’s never easy, but I believe we have shown that with a high-tech product of real value to our customers you don’t need to outsource all of your manufacture, you can do it in the UK and be competitive.’


Bowman is growing rapidly and will achieve a turnover of over £9m this year. Revenue is forecast to approach £50m by 2017.


Speaking at the London Marriott Hotel event hosted by Real Business magazine Mark Stokes, from sponsoes Lloyds Bank, said: ‘It’s time to champion British enterprise and ensure these businesses reach their full potential in both national and international markets’.


‘It’s encouraging to see so much innovation, energy and promise from all corners of the UK and across so many sectors.’


‘They are a fascinating and highly impressive group of entrepreneurs and high-growth businesses whose future successes will no doubt play a vital part in our economic recovery.’


For further insight into Bowman’s technology and this prestigious award, you can listen to Marcus White’s interview with Toby King on BBC Radio Solent here.

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Press release
Bowman Power raises £4m to finance further growth

Bowman Power has secured the funds to initiate ambitious expansion plans into new markets and territories over the next three years.


The £4m ($6.7m) raised came exclusively from existing shareholders, a vote of confidence from the Southampton-based company’s current investors.


The money, a mixture of debt and equity from shareholders, will financeexpansion in Bowman’s Product Development, Sales and Marketing and Manufacturing operations, as well as providing additional working capital as sales volumes rise.


A world leader in energy recovery technologies, notably in the heavy vehicle and power generation sectors, Bowman was 18th in the Sunday Times’ Tech Track 100 list of the UK’s fastest growing companies. The company has seen its revenue grow from £0.8m in 2008 to a predicted £9m-plus this year, with further strong growth anticipated in the coming years as it moves into new markets and territories.


Bowman’s CFO David Lamb, who led the fundraising, said: “We are delighted to have concluded this fundraising, as it sets us up extremely well to deliver our ambitious growth plans over the next three years. It was particularly pleasing to see the vast majority of our existing shareholders subscribing, such that no external investment was necessary.”


Arild Nerdrum, a member of the Bowman board and partner at Fjord Capital, added: “We have been an investor in Bowman for less than two years, but have already seen margins improve dramatically and the customer base expanding strongly, so we are delighted at the opportunity to increase our investment and to help fund the future growth of the business.”


Paying tribute to the Bowman workforce, CEO Dr Toby King said: “I would like to thank our investors for their continued support of the business as we move into the next phase of growth and engage with a broader base of high quality clients, so that we can continue to deliver the growth to which we aspire. My thanks also to our dedicated and loyal employees, without whom of course none of this would be possible. I very much look forward to using this money to build a valuable business of real scale.”

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Press release
Fisker To Establish New Technical Center In Preparation For Next Stage Of Atlantic Development

Fisker Automotive, the world’s leading manufacturer of luxury Electric Vehicles with extended range (EVer™), today announced plans to establish a new Technical Center in the Midwest, with South Eastern Michigan as one of the potential locations – paving the way for ongoing development of its second model line, the Fisker Atlantic.


The new facility, currently planned to open in Spring 2013, will bring Fisker closer to key component suppliers and low-emission technical expertise at the heart of the American automotive industry. It will also be closer to Fisker’s intended production facility for the Atlantic in Delaware.


“This important step signals our commitment to bringing the Fisker Atlantic to market as soon as we can,” said Fisker Automotive, President and CEO, Tony Posawatz. “We will be bringing our own engineering footprint closer to our supplier base and the expertise and professional workforce that have driven the American automotive industry for more than a century.”


The company previously had a technical center in Pontiac, Michigan, from Fall 2008 through Spring 2010 as final development and engineering was completed on the company’s award-winning first car, the Fisker Karma sedan.


“We brought the Fisker Karma to market in record time with the help of our previous Michigan Technical facility, and now is the time to open up a permanent Technical Center to support the final Atlantic development,” said Fisker Executive Chairman and Co-Founder Henrik Fisker.


“Fisker is an innovative high-tech and design-led company with our roots firmly in California. Our Global headquarters, together with design and advanced engineering, will remain in Anaheim, but with this latest move we will benefit by having the best of both worlds,” added Posawatz.


The Fisker Atlantic design prototype, first revealed in April 2012, is a luxury four-door sports sedan with a practical interior. It is aimed at young families who want to drive a practical, low-emission, vehicle that also combines design flare, sports performance and premium engineering.


The Atlantic will use the latest second generation EVer™ (Electric Vehicle with extended range) technology. It will offer all the benefits of electric drive while at the same time eliminating the “range anxiety” experienced with an all-electric powertrain. A significant amount of the components for the car have already been designed and the new Technical Center will spearhead final product development, component readiness and production launch.


Fisker Automotive is currently in the process of evaluating different locations in the Midwest area and intends to announce further details of the Technical Center’s final location and expected staffing levels early in the New Year.

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Press release
Edeniq Announces Cellulosic Demonstration Plant with Brazil Partner

VISALIA, California.  November 14, 2012 – Edeniq, a biomaterials and sustainable fuels technology

company, today announced that it has begun engineering and construction of a bagasse to sugars 

demonstration-scale plant together with its partner, Usina Vale, a Brazilian sugar and ethanol producer.  The demonstration plant will produce cellulosic sugars from sugarcane bagasse, the fibrous by-product of sugarcane juice extraction. Cellulosic sugars will be converted into ethanol at the site, showcasing how sugarcane mills can increase ethanol production economically with Edeniq’s patented bolt-on technologies. The plant will handle up to 20 tons per day of bagasse and will be co-located at Usina Vale’s ethanol and sugar production site in São Paulo State, Brazil.  


Click here for the full release

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Press release
Biofuel Producer Aemetis Partners with Edeniq to Implement Advanced Technology

VISALIA, California -- November 8, 2012 – Edeniq, a biomaterials and sustainable fuels company, today announced that Aemetis, Inc., an advanced fuels and renewable chemicals company, has entered into an agreement to install Edeniq technology at the Aemetis Advanced Fuels Keyes plant in California.  Aemetis will install Edeniq’s proprietary Cellunators™ to boost ethanol yields and will conduct large-scale commercial testing of Edeniq’s cellulosic ethanol Pathway™ platform.


Click here to read the full release 

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Press release
Edeniq Selected by AlwaysOn as an GoingGreen Silicon Valley Global 200 Winner

VISALIA, California. November 7, 2012 – Edeniq, a biomaterials and sustainable fuels company,

today announced that it has been chosen by AlwaysOn as one of the GoingGreen Silicon Valley 

Global 200 winners.  Inclusion in the GoingGreen Silicon Valley Global 200 signifies leadership

amongst its peers and game-changing approaches and technologies that are likely to disrupt existing 

and entrenched players in green technology. Edeniq was specially selected by the AlwaysOn editorial 

team and industry experts spanning the globe based on a set of five criteria: innovation, market 

potential, commercialization, stakeholder value, and media buzz.


Click here to read the full release

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Press release
Al-Futtaim’s Trading Enterprises Launches Fisker Luxury Hybrid Cars In The Middle East

Fisker, the world’s first environmentally-responsible luxury car made its official Middle East appearance last night as Trading Enterprises and Fisker Automotive leadership unveiled the award-winning Karma sedan in front of global and regional media at Al Badia Golf Club, Dubai Festival City.


Senior management from Al-Futtaim and Fisker Automotive pulled the wraps off the world’s first high performance electric luxury vehicle, making the privately held Dubai-based business group exclusive partner in the GCC and MENA regions.


The launch was attended by Henrik Fisker, Co-Founder and Executive Chairman at Fisker Automotive, Barny Koehler, Co-Founder and CEO of Europe and Middle East, Fisker Automotive, Len Hunt, President – Automotive, Al-Futtaim Group, Colin Cordery, Managing Director, Trading Enterprises and other senior management from Al-Futtaim.


Trading Enterprises will distribute Fisker automobiles exclusively in the UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, Egypt and the Levant. The region’s first Fisker showroom will open in Dubai Festival City’s automotive park before the end of the year. Depending on the chosen interior trims, accessories and paint combinations, the Fisker Karma will retail in the UAE for between AED500,000 and AED600,000.


Colin Cordery, Managing Director, Trading Enterprises said: “We are familiar with first-class automotive brands and understand the need to offer premium customers a technologically advanced vehicle that respects the environment.


“Fisker offers an environmental alternative to traditional luxury vehicles and we are well placed and proud to partner with Fisker and support their vision of delivering uncompromised, responsible luxury to this part of the world. Al-Futtaim has built strength and credibility in delivering great customer experience and this latest partnership with Fisker automobiles further reiterates our position as the region’s number one dealer of the finest automotive brands.”


Henrik Fisker, Co-Founder and Executive Chairman at Fisker Automotive said: “Today is a proud moment for the Fisker brand as it is the start of our journey in the Middle East. We could not have found a better business house than Al-Futtaim Group to partner us. Al-Futtaim is one of the strongest players in the automotive segment with proven capabilities in customer engagement, high standards of after-sales service, network of showrooms and parts distribution centers. We are honored to have a partner with such strong legacy.”

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Press release
Frost & Sullivan awards Epuramat for its Box4Water

London, 28 September 2012 – Based on its recent analysis on the municipal and industrial wastewater treatment market, Frost & Sullivan recognizes Epuramat with the 2012 European New Product Innovation Award for Box4Water, its unique containerized wastewater treatment system.


With a patented and innovative primary treatment process, Box4Water is one of the most compact wastewater treatment systems available on the market. It is a unique product designed for municipal and industrial wastewater treatment applications and is notable for not using any chemicals, being very compact and energy-efficient.


“Box4Water is the result of dedicated development by Epuramat to fulfil specific customer needs. The company invests heavily in R&D to further increase the performance of its breakthrough technology. At present this complete wastewater treatment system which is enclosed in standard containers result in significant space reduction, simplified treatment process and treatment of wastewater up to 120 m3 per day,” noted Frost & Sullivan Research Analyst for Environment and Building Technologies Paulina Szyplinska. “This is a milestone in the company’s strategy to offer turn-key solutions for larger scale applications.”


“We are delighted about the positive recognition for the Box4Water by a prestigious organization as Frost & Sullivan. Even though Epuramat was able to gain media attention and awards in the past, this is the first time the Box4Water as a product itself is awarded. Therefore, the Frost and Sullivan New Product Innovation Award for the Box4Water makes us particularly proud,” said Epuramat CEO Bogdan Serban.


Frost & Sullivan presents this award to the company that has demonstrated excellence in developing a product with innovative elements that leverages leading edge technologies, offers valued added features and benefits, supports increased customer ROI and has the potential for enhanced customer acquisition and market penetration.


Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.


Epuramat’s Box4Water has been honored at the Frost & Sullivan 2012 Excellence in Best Practice Awards Banquet in London on Thursday, 27 September 2012.

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Press release
Fisker Secures New Equity Funding

Fisker Automotive has completed the initial closing of its current equity financing, representing in excess of $100 million of new funding.


This initial closing will provide the company with funding for continued product development, market expansion and a new global marketing campaign for the Fisker Karma, the world's first luxury Electric Vehicle with extended-range (EVer™).


Fisker expects to continue to utilize equity financing to support its business plan that combines continued sales of its inaugural Karma model with market expansion into the key Middle East and China markets, along with further development work on its second production model, the mid-size Atlantic sedan.


Since its inception in 2007, Fisker Automotive has raised over $1.2 billion in private equity and borrowed $193 million under the Department of Energy Advanced Technology Vehicle Manufacturing (ATVM) loan program. In the last 18 months, the company has raised in excess of $600 million in private equity, with nearly $300 million of this total coming since it brought the award-winning Karma to market in December last year.


Tony Posawatz, Fisker’s CEO said: “This is another major vote of confidence in Fisker's pioneering technology and business model. We are grateful to both our investors and our initial customers who have supported our company and are quickly becoming our biggest advocates.”


Since being launched in December, nearly 1,500 Fisker Karma sedans have been delivered to customers in the US and Europe, bringing the company a further stream of revenue and helping to attract new investment interest.


Adds Tony Posawatz: “The Karma is already a testament to US automotive innovation and advanced technology and we intend to announce our production plans for the Atlantic and a timeline by December of this year.”


Henrik Fisker, founder and Executive Chairman of Fisker, said: "The latest financing arrangements mark an important milestone for Fisker. We are now poised to invest in the next generation of extended-range battery electric luxury cars and another chapter in the fast-paced expansion of Fisker Automotive, and are demonstrating our commitment to long-term success.”

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Press release
Utilight Secures Round A Funding from RBVC, I2BF and Waarde Capital

Utilight, an early-stage developer of new methods of wafer-metallization for solar photovoltaic (PV) cells, has secured $4.5m in Round A financing from an investing syndicate which includes Robert Bosch Venture Capital GmbH (RBVC), I2BF Global Ventures and Waarde Capital. 


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Press release
ACAL Energy raises further funds

The latest funding round of £3.25 million has been raised from existing investors including clean technology asset management group I2BF, SC Green Tech Ventures LLC (the investment arm of Sumitomo Corporation), the North West Fund for Energy and Environmental (NWF4E&E), and Carbon Trust Investments Ltd.  CT Investment Partners (CTIP) acted as advisor to Carbon Trust Investments Ltd and as manager to NWF4E&E on the transaction.  Additional contributions were made by smaller investors and by the company’s management.


ACAL Energy’s FlowCath® technology uses a proprietary liquid catalyst to eliminate most of the platinum used in conventional fuel cells, and the company has been able to demonstrate a radical improvement in the reliability and cost effectiveness of its fuel cells. Last year, ACAL Energy won The Carbon Trust ‘Polymer Fuel Cell Challenge’, an initiative aimed at accelerating access to new markets for fuel cell products.


As part of the funding announced today, ACAL Energy has been successful in receiving follow-on funding under this programme (PFCC2). This will enable the benefits of FlowCath® technology to be delivered earlier, and to feature more prominently in the company’s commercialisation plans.

“We are especially pleased to have the confidence of our current investors who have been most supportive of our operations to date”, said Mr Brendan Bilton, the recently-appointed UK Managing Director of ACAL Energy. “Our rapid rate of technical progress puts us in a good position as we proceed with our commercialisation plans.”


The company has previously announced that it is targeting FlowCath® power modules for commercial scale stationary power and automotive applications.

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Press release
Epuramat closes 8.3 million € Series B round

Luxembourg, 6 August 2012 – Cleantech company Epuramat today announced that it has closed the first tranche of a 8.3 Million € Series B Financing led by Bright Capital, a worldwide active Venture Capitalist. Funds from this investment round will strengthen Epuramat’s R&D emphasis with regard to its future growth segment oil-water separation. Current shareholders, the building materials producer Chaux de Contern (Luxembourg) and international cleantech Venture Capital Group I2BF Global Ventures keep their shares and will continue to support the continuous company growth of Epuramat.

Epuramat is a Luxembourg based company providing compact, energy-efficient and chemicals-free water and wastewater treatment solutions. Since the company’s foundation in 2005, Epuramat developed several applications in the field of municipal and industrial wastewater treatment. Top-seller and marketed in Europe and North America since 2010 is the Box4Water, a complete wastewater treatment plant in compact container format.

 “The additional funding enables Epuramat to accelerate the market introduction of our oil-water separation system,” said Epuramat CEO Bogdan Serban. “This segment has a huge market potential, considering the fact that with decreasing oil resources already closed oil fields are nowadays reactivated. These wells produce an oil-water mixture with a high water content that needs to be economically and environmental-friendly separated.”

Sulkhan Davitadze, Investment Director at Bright Capital, said: “Epuramat reached a stable market position in compact, high-end wastewater treatment systems within only eighteen months. We ascribe this development to an extraordinary product developed by a dedicated team. We see a large demand for the future oil-water separation system and are looking forward to supporting Epuramat in becoming a market leader in this segment.”

Epuramat plans to launch the oil-water separation system in the first quarter of 2013. Core component of the system is the patented ExSep®, a gravity fed solid-liquid separator developed by Epuramat co-founder Achim Kopmeier, requiring neither energy nor chemicals. The ExSep® is key feature of all Epuramat systems such as the containerized wastewater treatment plant Box4Water.

The current shareholders Chaux de Contern and I2BF Global Ventures keep their existing company shares and will further accompany Epuramat’s strategic development.










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Press release
Solix BioSystems to expand commercial algae production with USD 31m Series C Round

02 August, 2012, Colorado, USA Solix BioSystems – a global leader in the cultivation of industrial algae – has announced the completion of a $31 million Round C financing, led by existing investor I2BF Global Ventures.


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Press release
Nesscap Energy Inc. Completes USD $8.5 Million Private Placement

Nesscap Energy Inc., a global leader in the development, manufacturing, and marketing of ultracapacitor products, today announces the closing of a USD 8.5 million private placement of common shares from affiliates of each of I2BF Global Ventures and Capital Group at a price of CAD 0.38 per common share. The financing will be used primarily to expand Nesscap’s operations in South Korea.


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Press release
I2BF and RUSNANO Capital announce Strategic Resources Fund

Rusnano Capital, the Russian government-owned nanotechnology investment company, and international technology investment group I2BF Global Ventures have announced the launch of the I2BF-RNC Strategic Resources Fund to invest in later-stage nanotechnology companies. The seven-year fund launches with a $53m commitment from its LPs with a target fund size of $150m. Its remit will be to invest in international nanotechnology that has applications of value within the Russian Federation, with a focus on the resource sector as well as water and agriculture.


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Press release
Planetary Resources, Inc. Announces Agreement with Virgin Galactic for Payload Services

Bellevue, Wash. – July 11, 2012 – Planetary Resources, Inc., the asteroid mining company, announced today an agreement with Virgin Galactic, LLC that will enable multiple launch opportunities for its series of spacecraft, including the Arkyd-100 low-Earth orbit (LEO) space telescopes.


Continuous, low-cost launch services for small spacecraft to LEO assists in accelerating Planetary Resources’ vision to make valuable space resources from Near-Earth Asteroids (NEAs) available to humanity.  “While the Arkyd spacecraft line itself radically reduces the traditional cost of exploring the NEAs, the less expensive the cost to launch an Arkyd spacecraft to LEO, the more spacecraft the company will launch.  The more spacecraft that the company launches, the faster it will create a future where access to asteroid resources results in a vast network of propellant depots throughout space and a future where once precious and rare materials are abundant for all.  This will enable humanity’s prosperity to continue for centuries to come,” said Eric Anderson, Co-Founder & Co-Chairman of Planetary Resources, Inc.


Of the nearly 10,000 known NEAs, there are more than 1,500 that are energetically as easy to reach as the Moon.  In the next few years, constellations of Arkyd-100 Series space telescopes will help fulfill the company’s early objective of identifying additional energetically-optimal, highly-valuable NEAs which will then be added to the detailed list of the company’s prospecting targets and pursued for future potential resource extraction.


“We are excited to announce this agreement with Virgin Galactic.  LauncherOne has the potential to provide reliable and continuous launch service capability for small payloads. I expect Planetary Resources will launch several constellations of Arkyd-100 Series spacecraft in the coming years aboard LauncherOne,” said Mr. Anderson.


“We are developing the LauncherOne to deliver small satellites to LEO in a reliable fashion, with the capability to fly dozens of times per year.  LauncherOne leverages our work in the area of commercial human spaceflight, and will provide reliable, regular launch opportunities to enable Planetary Resources to explore and develop valuable resources from asteroids,” said George Whitesides, President and CEO of Virgin Galactic, LLC.


Chris Lewicki, President and Chief Engineer of Planetary Resources, Inc., noted that “As Planetary Resources works to expand humanity’s resource base, we also plan to increase scientific and commercial access to the Earth and deep space by developing capable and cost-efficient spacecraft. Interest in using our Arkyd-100 Series for commercial purposes – in addition to finding asteroids – has been very strong.”

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Press release
Primus Power to Receive Fourth and Fifth U.S. Patents

HAYWARD, CA.  May 27, 2012 -- Primus Power, a leader in grid-scale energy storage, has received Notices of Allowance for two additional U.S. patent applications from the U.S. Patent and Trademark Office.  These patents will be the fourth and fifth U.S. patent issued to Primus since November 2011.  Allowed patent application entitled “Electrochemical Energy System” covers the design of the Company’s innovative flow cell system and stack, while application entitled “Metal Electrode Assembly for Flow Batteries” covers the design of the Company’s innovative electrode assembly.  Collectively, the Company’s five U.S. patents cover key innovations on chemistry, cell design and battery operation.


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Press release
Epuramat awarded by Silicon Valley based network

Santa Clara/CA, 17 May 2012 – Luxembourgish cleantech company Epuramat announced today it has been selected as a winner of TiE Silicon Valley’s TiE50 Award 2012, an exclusive list honoring the year’s most promising private technology ventures worldwide.


The TiE50 expert committee selected the 50 most emerging companies from a pool of more than 2,100 promising startups from the categories cleantech and energy, software, internet, mobile and life sciences. This year’s 4th annual awards program evaluated the winners on three criteria – business model, intellectual property value and leadership team. The judges are among the most experienced industry experts, CEOs and serial entrepreneurs with specific domain expertise and worked independently in their selection process.


As Epuramat has been considered as TiE50 finalist company already in 2011, being now a winner has a particular significance for the emerging cleantech company. “Being considered by the world’s largest network for entrepreneurs for the second time and honored as one of the winners in 2012 is a great success for us and recognizes our company development. Within the last two years we have been able to successfully establish the Box4Water, our containerized wastewater treatment system, on the market of decentralized wastewater treatment solutions,” said Epuramat CEO Bogdan Serban.


TiE is a not-for-profit global network of entrepreneurs and professionals, founded in 1992 in Silicon Valley, California. Sponsored by top Venture Capital firms and Fortune 500 corporations, TIE’s network has grown across 56 chapters in 13 countries. TiE stands for talent, ideas and enterprise. The network seeks to cultivate and nurture the ecosystem of entrepreneurship and free-market economies worldwide.


Epuramat and the other winners of the 2012 edition of the TiE50 Award will be honored at the TiEcon 2012 in Santa Clara, May 18-19. The full list of TiE50 Winners 2012 is available at:

www.tie50.net/TiE50Awards/2012_View_Winners.asp

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Press release
ACAL Energy shows new fuel cell stack design

ACAL Energy attracted a lot of interest at the FC EXPO show recently, when it unveiled a new, compact, low cost fuel cell stack design with a rated power of 12 kW and a power density of over 1 kW per litre. The new design is six times smaller than the previous generation, and is expected to be of interest in both automotive and stationery power generation applications.


The design was shown as the company exhibited its platinum-free fuel cell technology at FC EXPO in Japan where a total of almost 100,000 visitors had the opportunity to see it. The annual FC EXPO show is the world's largest exhibition and conference specialised in Hydrogen & Fuel Cell technology.


The ACAL Energy stand was buzzing with interest from both suppliers and integrators from all around the world, who were keen to hear of the progress being made with its FlowCath® technology. FlowCath® is becoming well known as a means of replacing the precious metal catalyst found in conventional fuel cells with a proprietary low cost liquid catalyst. This inherently eliminates many of the causes of lost performance in both continuous operation and in auto cycling.


“Asian markets, and Japan in particular, are important to us as we develop our commercialisation strategy”, said Bob Longman who was present at the show. “Our compact 12kW design clearly addresses the need for higher power fuel cell engines with reliability built in to the design.”

The ACAL Energy stand at FC EXPO was jointly organised with the Japanese company Sumitomo, which is an investor in the company. FlowCath® technology has the potential significantly to reduce the future cost for vehicle OEMs, and system integrators planning to deploy fuel cells in mass markets.


FC EXPO 2012 was part of World Smart Energy Week 2012 which occupied the whole of the Tokyo Big Sight exhibition venue and pulled together a wide variety of cutting-edge technologies in ‘smart energy’ sectors.

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Press release
Seren Photonics raises £1.8m from I2BF Global Ventures, Fusion IP and IP Group to accelerate commercialisation of revolutionary LED technology

I2BF Global Ventures announces an investment into Uk-based Seren Photonics Ltd, an LED technology company backed by University IP commercialisation specialists Fusion IP PLC.


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Press release
Epuramat releases new Box4Water with larger capacity

Luxembourg, 2 March 2012 – Water and wastewater specialist Epuramat today announced the release of a new version of its containerized wastewater treatment plant Box4Water. As a result of extensive R&D activities, Box4Water, the top-seller of Epuramat has been further compacted and increased in capacity. The new version treats 120m3sewage per day, which is equivalent to the amount of wastewater arising from 600 inhabitants. Epuramat already received first orders for the new system.  



The Luxembourgish cleantech company put high efforts into R&D to further increase the performance of its breakthrough technology. Box4Water, which has been initially marketed in 2010 and today belongs to the top-sellers of the company, is characterized by an energy-efficient and completely chemicals-free performance in a very compact design. With the latest R&D steps, Epuramat’s Box4Water is now capable to treat 120m3 of sewage per day, a capacity which is sufficient for 600 inhabitants.


“Our new Box4Water is a result of dedicated development and close customer relations. The positive response through immediate orders proves our concept of providing decentralized wastewater treatment solutions in compact design is thoughtful and attractive,” said Epuramat Sales and Marketing Director Dirk Martin. “This new development of a 120m3 per day Box4Water, the equivalent of 600 inhabitants, represents a milestone in our strategy to offer compact, turn-key solutions for larger scale applications,” adds Epuramat CEO Bogdan Serban.


As a matter of fact, the addressable market of the Box4Water significantly expands with its larger capacity. All over the world, mobile working sites with several hundred workers are wide spread. Site operators generate high savings by treating their wastewater on site where it is generated instead of transporting it over long distances to the next municipal wastewater treatment plant. The same applies for remote communities. Building kilometers of sewer and pumping stations is by far more expensive than a decentralized sewage treatment at low operating costs.


Besides the municipal wastewater treatment, Epuramat is also active in the industrial sector providing for example solutions for the re-use of industrial process water and the relief or existing, overloaded wastewater treatment plants. Focus of future research will be the finalization of marketability of Epuramat’s oil-water-separation system for use in oil-extraction, remediation works of polluted groundwater and oil spillages. Related tests and trial operations at an oil refinery in the USA will be conducted starting with this month.

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Press release
ARPA-E: Can Greentech Be Made in America? Boeing, GE, the DOE and greentech entrepreneurs and investors debate the $64,000 question

Greentech Media (March 2012)


I2BF Partner and Director of Investments, David Wasterstein, quoted in this Greentech Media article by Yoni Cohen on the possabilites of producing greentech in the United States.


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Article
Nanotechnology moves into the marketplace

Environmental Finance (March 2012)


I2BF Founding Partner Ilya Golubovich discusses the potential of nanotech to transform the efficiency of a whole sweep of industrial sectors.


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Article
ACAL Energy official handover to Solvay Interox is a huge sucess

ACAL Energy’s fuel cell technology was centre-stage for a meeting of the great and the good in UK technology. With our partners, we hosted a meeting for around 60 people at the Solvay Interox site in Warrington. The principal purpose of the event was to mark the handover of the first FlowCath® fuel cell system to be installed in a working application. This 3kW unit is providing round-the-clock back-up power for an effluent clean-up plant.


We were delighted to welcome our guests including representatives from government, industry, the finance community and the media, who were able to visit the installation and to see for themselves the progress which has been made by the engineering team. The audience also heard inspiring presentations from ACAL Energy and our partners, Solvay and UPS Systems, who set out clearly the impressive results and future visions we share for deployment of fuel cells in an increasing number of applications. Léopold Demiddeleer, Senior Executive VP Future Businesses at Solvay SA travelled over from Belgium to share his views and to network with the group.


We would like to thank Len Sharpe (Solvay Interox MD) and his team for their hospitality, and all those who spent time with us yesterday to mark this important milestone in FlowCath®’s development.

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Press release
I2BF Global Ventures and VTB Capital announce the launch of a sovereign-backed USD 100m Russia Kazakhstan Nanotechnology Fund

A USD 100m nanotechnology venture fund has been announced by joint managers VTB Capital and I2BF Global Ventures, with cornerstone backing from the Russian state nanotechnology fund RusNano and Kazyna Capital Management, the sovereign wealth fund of the Republic of Kazakhstan. These entities have committed USD 25m each to the new fund, with VTB Capital and I2BF expecting to raise a further USD 50m from external investors. The agreement was signed on December 21st 2011 in Almaty at a ceremony attended by Aset Isekeshev, Vice-Premier of Kazakhstan and Minister of Industry and New Technologies, and will soon be followed by the opening of offices in Moscow and Almaty.


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2011
Press release
GMZ Energy secures USD 14m in Series C funding to produce new class of renewable technologies, closing oversubscribed financing round

GMZ Energy, a leader in thermoelectric materials and systems and a GE ecomagination Challenge winner, today announced it secured $14 million in Series C financing. The new investment was led by Mitsui Ventures and includes I2BF Global Ventures, Energy Technology Ventures (a joint venture of GE, NRG Energy and ConocoPhillips), Kleiner Perkins Caufield & Byers and BP Alternative Energy. With the new funding, GMZ will expand its engineering and go-to-market capabilities as the company moves into production of a new class of renewable technologies.


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Press release
Epuramat receives contract in the biogas sector from the UK

Epuramat,today announced that it has sold his patented ExSep® system in the UK, to Wilton based Anaerobic Energy Ltd. ("AEL"). This application will provide the complete water treatment solution for AEL's new anaerobic digestion plant, opening in North East England still this year, and will also be used as a mobile demonstration plant to prospective new customers across the UK and Europe.


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Press release
Primus Power Completes USD 11 million Financing Round

Primus Power announces that it has completed a USD 11 million financing round, with the funds raised to be used to accelerate commercialisation of low-cost, grid-scale energy storage solutions. I2BF is one of the investors in this Series B round along with DBL Investors and has joined existing investors Chrysalix Energy Venture Capital and Kleiner Perkins Caufield & Byers.


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Press release
I2BF invests £1m in leading British developer of low cost fuel cells

I2BF has today announced that it has completed its second investment within the UK by participating in the class C Ordinary Share financing of ACAL Energy Ltd.


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Press release
I2BF portfolio company Epuramat, named Bloomberg New Energy Pioneer 2011

I2BF is proud to announce that Epuramat has been named a Bloomberg New Energy Pioneer for developing cutting-edge innovations in clean technology.


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Press release
Green shoots of venture show through in Europe

Private Equity News (March 2011)


I2BF Director of Investments, David Waserstein, quoted by Ayesha Javed in a piece discussing the current environment facing venture capital firms.


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Article
Hard Times Ahead

Funds Europe (February 2011)


Ilya Golubovich, I2BF's Founding and Managing Partner, discusses how government incentives may be distorting the clean technology market.


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Founder of Renewable Energy-Focused Asset Management Group, I2BF, Ilya Golubovich, Assumes Co-founders' Stakes

NewNet News (July 2010)


An article that covers the recent departure of Irakli Menabde and Nicholas Merzeau and the formal take over of the I2BF Arbat Clean Technology Fund by Ilya Golubovich along with the existing Quatitative Research team.


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2010
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Russia's Institutional Investors Seek Exposure to New Energy

Envirotech and Clean Energy Investor (May 2010)


An Investor Profile with interviews with David Waserstein and Ilya Golubovich.


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Cleaning Up

Industry Hedge (April 2010)


A column written by Irakli Menabde and Nicholas Merzeau on the benfits of investing in underpriced clean technology stocks.


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Big Oil Steps Up Investment

Biofuels International (April 2010)


An article examining the role of oil and gas majors in the rising biofuels sector, with commentary from I2BF's Alexander Nevinsky.


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The Interview - Ilya Golubovich and Irakli Mendabde

Private Equity Wire (March 2010)


Technologies once considered uneconomic have emerged from obscurity to become one of the fastest-growing global industries.


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The information and material presented are informational only and do not constitute an offer to sell, or a solicitation of an offer to buy, securities or interests in any fund or fund product. Investors must meet certain qualifications for the purchase of alternative investments and must meet other selection criteria. Investments in I2BF Group funds are only offered through confidential private placement memorandums or prospectuses which are not available on this website. There can be no assurance that an investment in any investment product will achieve profits or avoid incurring substantial losses. There is a high degree of risk inherent in alternative investments and they are not be suitable for all eligible investors. Investors purchasing alternative investment products may lose some or all of their investment. Before making an investment decision, please carefully (i) consider the suitability of alternative investments with respect to your investment objectives and personal situation and (ii) consider factors such as its personal net worth, income, age, risk tolerance, and liquidity needs. Short-term investors and investors who cannot bear the loss of some or all of their investment or the risks associated with the limited liquidity of an investment should not invest.