CEVG investment

The Clean Energy Venture Group (CEVG) announces investments in BlueDot Photonics and 60Hertz Energy

The Clean Energy Venture Group (CEVG) is pleased to welcome BlueDot Photonics and 60Hertz Energy as part of its group of portfolio companies.

“Both companies bring unique capabilities in their space and we are thrilled to include them in our ecosystem to help support their success” said Jean-Noel Poirier, Executive Managing Director at CEVG.

Each investment included a unique syndication of investors, such as VoLo Earth, E8 Angels, Climate Impact Capital, SeaChange, and Factor[e]. CEVG’s investments were led by CEVG partners John Harper and James Ellis.

BlueDot Photonics is a leading innovator in new applications of perovskite materials, developing quantum-cutting technology that can lower the cost of solar power by up to 10% by improving energy yield in silicon solar panels by up to 16%. Long-term, BlueDot is committed to pushing solar panel efficiency and costs beyond the limits of current silicon technology.

60Hertz Energy is the only offline-first Social Impact CMMS (Computerized Maintenance Management System) for remote microgrid assets and teams. 60Hertz is innovative because of its focus on remote and emerging markets use in settings with limited bandwidth.

Clean Energy Venture Group (CEVG) is an investment group providing seed capital and management expertise to early-stage climate tech and clean energy companies. The group is comprised of seasoned operating executives with strong capabilities in the energy and environmental sectors. With each investment, we bring not only capital but also the value of our experience and network to help companies achieve their financial and impact goals. CEVG has invested in over 50 companies which have received over $600M in follow on funding.

Clean Energy Venture Group (CEVG)  joins lead VoLo Earth Ventures in $1M Series Seed financing for Disruptive Perovskite Company, BlueDot Photonics, Inc.

BlueDot Photonics, the leading innovator in new applications of perovskite materials, announced today that it has raised $1m in its Series Seed financing. BlueDot Photonics, a leader in perovskite materials development, announced today that it has raised $1m in its Series Seed financing. The round was led by VoLo Earth Ventures, an early-stage VC investing in the new energy economy through innovative products and technologies. BlueDot Photonics brought over $1.5M in non-dilutive grants and projects to the table to help the company towards its goal of creating gigaton reductions in greenhouse gas emissions through faster deployment of solar power. BlueDot’s quantum-cutting technology can lower the cost of solar power by up to 10% by improving energy yield in silicon solar panels by up to 16%.

Long-term, BlueDot is committed to pushing solar panel efficiency and costs beyond the limits of current silicon technology. Other investors include Clean Energy Venture Group (CEVG) of Boston, MA, who helped with investment syndication with other angel groups and impact funds, and E8 of Seattle, WA. As Kareem Dabbagh, Managing Partner of VoLo Earth Ventures points out, “The cost of solar has come down tremendously in the past two decades, making it cheaper than or competitive with most nonrenewable energy generation in the US. Our investment in BlueDot and their quantum-cutting technology is really exciting as it will accelerate this downward solar cost trend by making solar even more efficient with minimal changes to the existing supply chain and manufacturing process.” He adds, “As a leader in perovskites, BlueDot is at the forefront of research and development in this exciting new field and their products will help make solar energy ubiquitous throughout our communities.”

Jared Silvia, CEO of BlueDot Photonics, adds “Our collaboration with VoLo Earth and other investors in this round will accelerate our prototyping cycles and shorten our time to market. We share a vision to harness more power from light for the pale blue dot of Earth.” VoLo Earth is addressing our planet’s climate crisis at its roots by providing first-in funding and hands-on leadership to early-stage climate tech companies. Volo Earth strives to grow, propagate, and capitalize on climate solutions with an intent to deliver superior investment returns and quantifiable carbon benefit.

VoLo Earth Ventures leads Series Seed financing for Disruptive Perovskite Company, BlueDot Photonics, Inc. BlueDot Photonics, the leading innovator in new applications of perovskite materials, announced today that it has raised $1m in its Series Seed financing. BlueDot Photonics, a leader in perovskite materials development, announced today that it has raised $1m in its Series Seed financing. The round was led by VoLo Earth Ventures, an early-stage VC investing in the new energy economy through innovative products and technologies.

BlueDot Photonics brought over $1.5M in non-dilutive grants and projects to the table to help the company towards its goal of creating gigaton reductions in greenhouse gas emissions through faster deployment of solar power. BlueDot’s quantum-cutting technology can lower the cost of solar power by up to 10% by improving energy yield in silicon solar panels by up to 16%. Long-term, BlueDot is committed to pushing solar panel efficiency and costs beyond the limits of current silicon technology. Other investors include Clean Energy Venture Group (CEVG) of Boston, MA, who helped with investment syndication with other angel groups and impact funds, and E8 of Seattle, WA.

As Kareem Dabbagh, Managing Partner of VoLo Earth Ventures points out, “The cost of solar has come down tremendously in the past two decades, making it cheaper than or competitive with most nonrenewable energy generation in the US. Our investment in BlueDot and their quantum-cutting technology is really exciting as it will accelerate this downward solar cost trend by making solar even more efficient with minimal changes to the existing supply chain and manufacturing process.” He adds, “As a leader in perovskites, BlueDot is at the forefront of research and development in this exciting new field and their products will help make solar energy ubiquitous throughout our communities.” Jared Silvia, CEO of BlueDot Photonics, adds “Our collaboration with VoLo Earth and other investors in this round will accelerate our prototyping cycles and shorten our time to market. We share a vision to harness more power from light for the pale blue dot of Earth.” VoLo Earth is addressing our planet’s climate crisis at its roots by providing first-in funding and hands-on leadership to early-stage climate tech companies. Volo Earth strives to grow, propagate, and capitalize on climate solutions with an intent to deliver superior investment returns and quantifiable carbon benefit.

60Hertz Energy CMMS Raises $1.3M to Improve Remote Microgrid Operations

ANCHORAGE, Alaska and DENVER, Colorado — Tuesday, May 18th, 2021. 60Hertz Energy is pleased to announce the closing of its Pre-Series A round of $1.3M, bringing total capital raised to $2.7M to date. 60Hertz Energy is a SaaS Computerized Maintenance Management System (CMMS) platform improving electricity microgrids and backup generator operations. The round was led by Factor[e] and Climate Impact Capital, with major investments from SeaChange Fund, Clean Energy Venture Group angels, and the Alaska Investor Network.

“Maintenance is a critical element of ensuring grid resiliency, as we saw during the near-collapse of the Texas ERCOT grid early in 2021,” said Alex Rozenfeld, the Founder of Climate Impact Capital. “Microgrids will become an increasingly important part of the mainstream grid in the coming decades as we see more climate change driven mega weather events and 60Hertz will be part of the suite of solutions needed in that future.”

The 60Hertz software and services already are actively deployed supporting remote and critical microgrids in seven countries. 60Hertz enables customers to improve the asset performance and overall lifespan of their existing power generation facilities and speeds their transition of microgrids to resilient and renewable power generation sources.   60Hertz facilitates maintenance on over $140M of microgrid assets with over 4,600 maintenance records filed per month through the platform. This financing will accelerate the company’s growth in North American and Sub-Saharan African markets.

60Hertz Energy is a Women-Owned Small Business. At a time when only 2.8% of venture capital goes to female-founded start-ups, 60Hertz is a success story. New 60Hertz Director, Susan Preston of SeaChange Fund, notes that “I am delighted to start working with 60Hertz on the strategic pathway to further growth and success. I am particularly pleased to be working with an excellent CEO, Piper Foster Wilder.”

Piper Foster Wilder launched the company in 2017. With co-founders Whitney Gantt and Tonya James, the team has created and deployed maintenance software designed for low- and intermittent bandwidth in off-grid locations in Alaskan villages and Sub-Saharan African countries and for users new to technology, maintenance, and energy assets.

The need for efficient, resilient, and sustainable microgrid infrastructure is critical to boosting economic growth. Microgrids are rapidly expanding from rural markets that 60Hertz Energy currently serves to become key elements of grid management worldwide.

“The clean energy revolution is happening everywhere, not just in the cities and suburbs,” said John Harper, a Partner at Clean Energy Venture Group. “Rural and remote power generation assets have a critical role in transitioning to a cleaner and more resilient future. 60Hertz’s CMMS is an essential tool in this effort. We’re eager to help 60Hertz Energy grow dramatically over the next several years.

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