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Tioga Energy Raises $10M

Tioga Energy, Inc. announced it launched the company with its initial funding round of $10 million. The company provides a total solar PV solution, including large scale financing solutions, partnering with top-tier installers and integrators to build on-site solar facilities, and the management and support required to make clean energy as seamless and easy as writing a check for a monthly electricity bill. NGEN Partners, Draper Fisher Jurvetson, Rockport Capital, DFJ Frontier and Kirlan Ventures were among the venture capital investors. “We are very excited to help support Tioga Energy with this early-round financing opportunity,” said Steve Parry, a partner with NGEN Partners. “Organizations are struggling to go greener while respecting the bottom line, and a company like Tioga Energy is positioned to be there to help them quickly ramp up with clean and reliable power solutions built for the long-haul,” he said. “We invest in those companies we see as being industry-changing catalysts,” added Draper Fisher Jurvetson’s Managing Director, Raj Atluru. Website: http://www.tiogaenergy.com     

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WilderHill New Energy Global Innovation Index Launches

The WilderHill New Energy Global Innovation Index (NEX) – an exchange traded fund (ETF) that invests in clean energy companies worldwide, has launched. It is available in four currencies: US (NEX), Euro (NEXEU), Pound Sterling (NEXBP) and Japanese Yen (NEXJY). Dow Jones Indexes is the calculation and dissemination agent and the American Stock Exchange will continue to act as an advisor. NEX is published by WilderHill New Energy Finance, LLC, a partnership between New Energy Finance Ltd, based in London, Josh Landess, based in the U.S., and Robert Wilder, founder of the well known Powershares Clean Energy ETF (PBW), also based in the U.S. The NEX index consists of 80-90 constituents, representing all significant sectors of the low-carbon energy industry, including renewable energy, biofuels and emerging low-carbon technologies. The index uses an equal-weighting methodology modified by sector and divided into two market capitalization bands. It is carefully designed to provide diversification across the different sectors of the clean energy industry and across size of company. It has extensive global representation. Components are limited to five percent (5%) of the index by weight at rebalancing. Website: http://www.nexindex.com     

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Report Sheds Light on the Growing U.S. Wind Power Market

The U.S. Department of Energy’s Wind and Hydropower Technologies Program released its first ever “Annual Report on U.S. Wind Power Installation, Cost, and Performance Trends: 2006.” The report provides a comprehensive overview of trends in the U.S. wind power market, with a particular focus on 2006. The primary authors are Ryan Wiser and Mark Bolinger, both of Lawrence Berkeley National Laboratory. The need for such a report has become apparent in the past few years, as the wind power industry has entered an era of substantial growth, both globally and in the United States. “With the market evolving at such a rapid pace, keeping up with trends in the marketplace has become increasingly difficult,” says co-author Ryan Wiser. “Yet, the need for timely, objective information on the industry and its progress has never been greater.” “Much of the information presented in the report reflects a maturing U.S. wind power industry on solid footing, yet also grappling with the implications of unprecedented growth,” notes co-author Mark Bolinger. Some of the key findings of the report include: ” With 2,454 MW of wind capacity added in 2006, the U.S. is the fastest growing wind market worldwide. But there still remains substantial room […]

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