Besides the headline-winners like Google’s Nest, clean tech companies have trouble getting any love in the startup world. They’ve had a roller coaster ride in terms of funding the past few years, and the only companies that pull in any mainstream appeal are bizarre pipe dreams like Solar Roadways. But every once in a Read More
With all of the excitement over buzzworthy trends like food delivery apps, Internet of Things appliances, wearables and 3D printing, it’s tough to sort out the real trends from the hype. But if you need a reliable way of figuring out what’s really taking off in tech, your best bet is often to follow the money. Read More
For most utility companies, the most “disruption” they ever deal with is when a power grid is overloaded by everyone’s air conditioners. But this week, major utilities and power companies met with members of the local tech community to try and figure out how to bring good ol’ Silicon Alley innovation to the New York utility Read More
Since Solar Roadways reached full funding, many news outlets — ourselves included — have thrown serious shade at the idea that the country might eventually be covered with light-up solar panels.
The founders of Solar Roadways, Scott and Julie Brusaw, have responded to the criticism with a counter-argument/rant on the Solar Roadways site which they’ve titled “Clearing the Freakin’ Air.”
Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week, and tell you what you need to know, and why it matters.
The deal: Solar Roadways, an experimental project to replace every road in the country with light-up solar panels, has raised $1.6 million in funding in the past six weeks.
Solar Roadways has clearly captured the imagination of its backer community, as well as a slew of mainstream media coverage. Since April 21, the crowdfunding campaign has raised $1.6 million to start manufacturing and testing the panels at a larger scale, and has set an Indigogo record for the most individual backers on a single project, at over 35,000.
It’s also impractical, expensive and, as the editors of Equities put it, “really silly.” While the project might make its backers feel like they’re helping contribute to a greener society, there’s no way
2014 has been explosive year for tech funding. According to a report published this morning by venture capital database CB Insights, VC-backed deals in the first quarter of 2014 (Q1) are at the highest they’ve been since 2001.
The sudden spike in funding is driven largely by a small handful of major deals Read More
In the offices of Urban Future Lab, high above Brooklyn’s Metrotech Center, there’s a screen covered with charts and graphs over the receptionist’s head. A light bulb is turned off, and a bar graph dips in response. The air conditioning kicks on, and another chart jumps. On the screen, a dollar amount, now reading “$79” slowly ticks upward.
The graphs are monitoring the energy use of the tech incubator, which houses over a dozen startups focused on clean tech and infrastructure. One of the startups hosted here is Enertiv, who are unrolling a system that is giving us a look at how we’re using our energy, more closely than we’ve ever had.