Previous entry Click on the image here to enlarge and see diagram of what Ion America is up to. Ion America filed statement about the financing at the Securities & Exchange Commission, and VentureWire reported on it this morning subscription required. Home. Solid Oxide Fuel Cells such as Ion Americas, however, can use any hydrocarbon as the fuel gasoline, ethanol, methane, propane, butane, etc. The total funding is 165 million.
PS. It has its limitations, because it requires so much energy input to create hydrogen in the first place. Linking PostsTags IonAmerica KleinerPerkins NEA ScottSandell Mobius GregGalanos JohnDoerr TrackbacksTrackBack URL for this Links to blogs that reference this entry From HydrogenHydrogenExcerpt Anyone interested in helping us beta test can check out the leading websites in Only problem is that, according to their website, t…Tracked 8, AM Comments Smoke & mirrors.
That is lot of money, and we are not surprised, because the hand of Silicon Valley firm New Enterprise Associates General Partner Scott Sandell are board members. This is the technology behind the hydrogen economy so often talked about in Washington, DC as way to potentially power cars. Until if you have asked some of these folks about Ion America, they have declined to acknowledge its existence though that change Ion Americas fuel cell generates hydrogen and electricity.
It has its limitations, because it requires so much energy input to create hydrogen in the first place. There is clear evidence on the Web of what the company is doing. Solid Oxide Fuel Cells such as Ion Americas, however, can use any hydrocarbon as the fuel gasoline, ethanol, methane, propane, butane, etc. This is the technology behind the hydrogen economy so often talked about in Washington, DC as way to potentially power cars.
It has its limitations, because it requires so much energy input to create hydrogen in the first place. Since no one is talking about Ion America, it is difficult to know what they are really doing, and whether it jibes with Doerrs view on hydrogen or not. Kleiner Partner John Doerr, Mobius Managing Director Greg Galanos, and New Enterprise Associates is behind this one and the firm, fresh from raising one of the largest venture funds ever, is getting aggressive in pushing investments in green technologies.
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