Posted by admin in Green Articles, Green Companies, featured | 0 Comments
A glimpse at green startups
Warning: strip_tags() expects parameter 1 to be string, array given in /home/propelea/public_html/wp-includes/formatting.php on line 631
It seems the corporate culture of America is finding green by going green. In a period when many startup companies struggle to find funds, venture capital firms have invested almost $20 billion in hundreds of green startups in recent years. Just last month, Intel initiated a $3.5 billion initiative to stimulate U.S. growth in green industries, naming "clean technologies" as a major target of the funds.
With funds available to finance these eco-conscious business endeavors, the country is on the brink of a huge growth spurt in green companies. CBS News recently put some energy analysts to the task of determining some of the most promising green startups that might have the greatest chances of success – both in the business world and as eco-game-changers.
One promising company is BrightSource Energy. SustainableBusiness.com reports the company recently received a $1.37 billion loan from the U.S. Department of Energy for the thermal company’s solar power plant. The idea of solar thermal power is so simple it’s almost hard to believe it hasn’t been around since the beginning of heating systems.
BrightSource Energy plans to collect heat from the sun on mirrors and boil water to produce heat, reports CBS. The plant is set to be developed on federal land in the Mojave Deserts of California. The eco-company has even made plans to scale back the plant to reduce its impact on endangered tortoises in the area. BrightStar’s future certainly seems bright.
While BrightSource will draw power from the skies and seas, Coda Automotive will bring green energy to the streets. Coda attempts to make an all-electric car that will be affordable for middle-class American drivers. The company has won support from major investors like Warren Buffet and Hank Paulson.
Another green startup with serious promise is Serious Materials. The company changes the current process for making drywall for maximum eco-efficiency. Instead of cooking rock at dangerously high temperatures, Serious makes it possible to put chemicals in a pan so they can self-react and gel to form the insulated construction material.
If these companies take off as hoped, consumers may soon find themselves living in a greener homes and driving greener cars in a greener country.
Related Posts
