We know 2009 has been a rough year up and down, but we are proud to have had some great highlights to share. And as always, after 9 years in business as one of the leading merchant banks and advisors to the cleantech sector, Jane Capital is looking forward to our 10th Spring and the end of the first decade of the 21st Century (and another year of cleantech blogging!)
And yes, we do eat, sleep and breathe energy, and we do believe that the last century was the century of massive, cheap, available energy, and this one is shaping up to be all about cleantech: better, faster, cleaner energy. It will “take a village”, from natural gas, clean coal, nuclear, and better use of fossil fuels, to IT, carbon, wind, solar, superconductors et al driving us to a new and more efficient future.
A Few Highlights:
We capped off a multi-year engagement for New Zealand’s state owned all renewable power company Meridian Energy Ltd, successfully orchestrating the launch of Meridian Solar, http://www.meridiansolar.co.nz/, and arranging and executing the acquisition of California based solar IPP Cleantech America to anchor Meridian Solar’s business in the US. They are in the process of building the largest PV installation in California.
Our venture, Zenergy Power plc (AIM:ZEN), which we cofounded 5 years ago, successfully installed the first ever superconducting fault current limiter in the grid for Socal Edison, and secured FCL deals with AEP and Con Edison. FCLs instantly absorb spikes in power that are one of the major trigger of blackouts.
Our Carbonflow venture launched the first multi-party SaaS platform for the carbon verification market, and ended the year with pilots with 7 of the top 20 carbon market players. Neal spent much of the last year running Carbonflow helping it get off the ground, and we are very excited by the team we have recruited and the success they’ve had.
Despite a rough market, our industry leading handheld for restaurants company, TriniTEQ, continues to power along.
We spoke at over a dozen conferences this year, including the Wall Street Green Trading Summit, Cleantech Forum, and the Thin Film Solar Summit. Those of you who know us know we love speaking, and have a passion for this area.
And Giving Back:
This year Jane Lindner continued her work at California Pacific Medical Center’s non-profit Institute for Health & Healing, the largest integrative medical center in the nation, co-chairing their Community Advisory Council. IHH had another wonderfully successful Spring fundraiser in 2009, of which Jane Capital was a proud sponsor.
Our Cleantech.org venture, created by Jane Capital in 2007 to provide a center of gravity for cleantech, really hit its stride. It’s now one of the largest social media ventures in green, ran its first webinar, partnering with powerhouse carbon verifier Det Norske Veritas, and reached 40,000 in newsletter subscribers plus over 18,000 in social network members. Along with Cleantechblog.com, Cleantech.org gives us now 2 of the top 5 sites on google for the term “cleantech”. And thanks to a great cast of bloggers led by Richard Stuebi and John Addison (who are entering their 5th year as bloggers, Cleantech Blog continues to live up to its reputation as one of the 3 original blogs in cleantech. We also are particularly excited to have successfully taken over and rejuvenated the 2,000 member Cleantech.org group on Yahoo, giving us the largest cleantech dedicated social networking groups on both Linked In and Yahoo, as well as to have launched a new community on http://cleantech.socialgo.com/.
And in a new effort this year, along with DNV, Center for Resource Solutions, and Hedge Fund Services, Jane Capital partnered with the City of San Francisco to launch the SF Carbon Collaborative under the leadership of the City’s cleantech advocate, David Pascal. SFCC has just launched its website, check out http://www.carboncollaborative.org/. SFCC spun out the city’s cleantech initiative and this fall organized as a 501(c)(3). It’s first year successes included running over 50 stakeholder events to help coalesce the Bay Area carbon community, including a two week Copenhagen Café in San Francisco this month during COP-15, delivering from its policy committee multi-stakeholder comments to the CARB AB 32 rulemaking process, and helping to set up a Carbon Business Cluster at One Bush St in the heart of downtown San Francisco managed by Lee West of Hedge Fund Services.
We look forward to lots more in 2010. In particular, we are actively looking for acquisitions for both our account and select clients in solar, carbon, and the green web, and of course anyone looking for help launching a business in cleantech, give us a call.
Jane Lindner, Neal Dikeman, and the Jane Capital team