Bright Capital Turns In Four Energy Innovation Pioneers
MOSCOW and MENLO PARK, California, March 4, 2013 /PRNewswire/ --
A global VC firm, Bright Capital, is pleased to announce that four of its portfolio companies have been chosen as Energy Innovation Pioneers by IHS/ CERA. These four companies are developing novel technologies and products that span traditional O&G, cellulosic fuels and chemicals and energy efficient power electronics. The companies will be showcased at the Energy industry's largest annual conference, IHS CERAWeek 2013 to be held in Houston, Texas, March 4-8, 2013.
IHS chose the four, along with seventeen other companies, for their creativity, technical innovation, scalability and leadership teams. CEOs of the companies will present their technology and commercialization plans . These will be followed by networking at special IHS CERAWeek Energy Insight Breakfasts and again at Innovation Pioneer Showcases during the general sessions. The organization's announcement noted that the companies "are transforming the energy future."
Bright Capital congratulates all the winners including their portfolio companies - Agrivida, Renmatix, RRT Global, and Transphorm.
The recognition of Bright's partner-companies as Energy Innovation Pioneers comes after Bright Capital itself was named the 2012 Cleantech Investor of the Year.
Agrivida is the developer of proprietary crops and processes for production of renewable chemicals, fuels, and bioproducts from non-food biomass. The firm bases its solutions on engineered feedstock for cell wall degrading enzymes and other valuable traits that activate after harvesting.
Renmatix is developing breakthrough technology for transitioning from fossil-based to biomass-based chemicals and fuels. Its proprietary process uses rapid reactions to break down non-food biomass without consumables. The resulting sugars are the affordable intermediaries the chemical industry requires to produce clean renewable fuels and chemicals.
The fastest growing cleantech start-up in Russia, RRT Global is a licensor of modern processes for oil refining. The firm's area of expertise lies in the development of new catalytic systems and oil refining processes.
Transphorm is redefining electric power conversion, providing cost-competitive and easy-to-embed power conversion modules that reduce energy loss by as much as 90%. Its modules simplify the design and manufacturing of motor drives, power supplies, and inverters for solar panels and electric vehicles.
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Bright Capital is an independent venture capital firm that invests globally in a wide range of promising companies. It invests across multiple technologies in energy and resource efficiency, clean technology, and industrial biotech. Bright Capital won the prestigious 2012 title Cleantech Investor of the Year, a much watched annual award from the Cleantech Group.
In addition to financial investment and managerial expertise for its portfolio companies, Bright Capital provides direct access to markets in Russia and the CIS through its network of industrial businesses. Working as a merchant venture entity, the firm uses a multi-corporate model to build bridges, particularly among companies in the United States, Russia and the CIS, Europe, Middle East, and Southeast Asia. Bright Capital strategically co-invests with top-tier venture funds and corporate partners.
To learn more about Bright Capital, please visit http://www.bright-capital.com.
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