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The 2010 Global Cleantech 100: who are they? 
The new entrants for 2010 are in red. The companies are presented in alphabetical order. 

    Adura Technologies                                                                                                               Enerkem                                                                                                                                 Opower                 




                                                                                                                                                                                                                                                                             Ostara Nutrient Recovery 
    agri.capital                                                                                                                     EnOcean                                                                                                                                 Technologies                                                           




    AlertMe                                                                                                                          Enphase Energy                                                                                                                          PassivSystems                                                                      




    AMEE                                                                                                                             eSolar                                                                                                                                  Petra Solar                                    




    Amminex                                                                                                                          ExoSect                                                                                                                                 Potter Drilling                                                            




    Amonix                                                                                                                           Fisker Automotive                                                                                                                       PowerSense                                             




    Amyris Biotechnologies*                                                                                                          General Compression                                                                                                                     Prudent Energy                                                                             




    Aquamarine Power                                                                                                                 Gevo                                                                                                                                    Purfresh                   




    AquaSpy                                                                                                                          Green Biologics                                                                                                                         Recupyl            




    AquaZ                                                                                                                            GreenRoad Technologies                                                                                                                  RecycleBank                                                




    Aqwise                                                                                                                           Grid Net                                                                                                                                ReVolt Technology                                                                                      




    Avantium                                                                                                                         Hara                                                                                                                                    Sapphire Energy                                                                                




    Better Place                                                                                                                     Harvest Power                                                                                                                           Serious Materials                                                                                  




    Bloom Energy                                                                                                                     Heliatek                                                                                                                                SiC Processing                                                                 




    Boston Power                                                                                                                     Ice Energy                                                                                                                              Silver Spring Networks                                                                                             




    Bridgelux                                                                                                                        Joule Unlimited                                                                                                                         Simbol Mining                                                                          




    BrightSource Energy                                                                                                              Kebony                                                                                                                                  Solar City                         




    Calera                                                                                                                           Landis+Gyr                                                                                                                              SolarCentury                                                       




    CaliSolar                                                                                                                        LanzaTech                                                                                                                               Solazyme                               




    CellEra                                                                                                                          Lattice Power                                                                                                                           Suniva 




    ChapDrive                                                                                                                        Lemnis Lighting                                                                                                                         SunRun         




    Chemrec                                                                                                                          LS9                                                                                                                                     SustainX                   




    Climate Well                                                                                                                     MBA Polymers                                                                                                                            Synthetic Genomics                                                                                         




    Compact Power Motors                                                                                                             McPhy                                                                                                                                   TaKaDu         




    Coskata                                                                                                                          Metalysis                                                                                                                               Tendril Networks 
    Coulomb Technologies                                                                                                             MiaSole                                                                                                                                 Tigo Energy                                        




    Cpower*                                                                                                                          NanoH2O                                                                                                                                 Trilliant 
    d.light design                                                                                                                   Nexeon                                                                                                                                  Universtar                                 




    Deeya Energy                                                                                                                     Novacem                                                                                                                                 Virent Energy Systems                                                                                          




    Digital Lumens                                                                                                                   NovaLED                                                                                                                                 WaterHealth                                                    




    Elevance                                                                                                                         Novomer                                                                                                                                 Xtreme Power                                                                           




    Emefcy                                                                                                                           Oasys Water                                                                                                                             ZeaChem                        




    eMeter                                                                                                                           O‐Flexx Technologies                                                                                                                    Zipcar     




    Enecsys                           




                                                                                                                                                                                                                                                                              
*Since the list cut‐off date of August 31st, Constellation Energy announced it had signed an agreement to acquire 
CPower;; and Amyris raised $85m in an IPO (September 28th), capitalizing the company at a $650m valuation 

                                                                                                                                  
                                                                                                                                                                                                                                                                                                                                                                                                    
 
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international hits in solar particularly, it appeared the pattern might be repeated in cleantech. No such 
luck.  An  alternative  thesis  might  be  that  successful  cleantech  funds  in  the  2010s  and  beyond  will  be 
those who achieve a few cases per fund of 2‐5 times their money at exit, as opposed to one big one.  
 
 
The 2010 Global Cleantech 100: who is backing these companies?  

The table below lists the investors who have invested in more than 5 companies on the list. According to 
Cleantech Group data, 226 unique organizations have invested into the 2010 Global Cleantech 100 
portfolio.  

Investor                       Total         Investee Companies (in 2010 Global Cleantech 100) 
                             Companies 
VantagePoint Venture            13           Adura Technologies, AlertMe, Better Place, BridgeLux, 
Partners                                     BrightSource Energy, Chemrec, Miasolé, Ostara Nutrient 
                                             Recovery Technologies, Serious Materials, Solarcentury, 
                                             Solazyme, Tendril, Trilliant 
Kleiner Perkins                   12         Amonix, Amyris Biotechnologies, Bloom Energy, Enphase 
Caufield & Byers                             Energy, Fisker Automotive, Hara Environmental and Energy 
(KPCB)                                       Management, Harvest Power, Lattice Power* (KPCB China), 
                                             MiaSole, Purfresh, RecycleBank, Silver Spring Networks 
Draper Fisher                     7          BrightSource Energy, D.light Design, Deeya Energy, Oasys 
Jurvetson                                    Water, Prudent Energy, SolarCity, Synthetic Genomics 
Khosla Ventures                   7          Amyris Biotechnologies, Calera, Coskata, Gevo, LanzaTech, 
                                             LS9, NanoH2O 
Good Energies                     5          AlertMe, Enecsys, Ice Energy, Solarcentury, Tendril 
Foundation Capital                5          eMeter, Purfresh, Serious Materials, Silver Spring Networks, 
                                             SunRun 
Frog Capital                      5          agri.capital, Exosect, Ostara Nutrient Recovery Technologies, 
                                             SiC Processing*, Solarcentury 
Israel Cleantech                5            Emefcy, CellEra, Aqwise, Better Place, Tigo Energy 
Ventures 
*SiC Processing is included in the Frog Capital list, even though Frog divested of its shareholding in the 
company  in  June  2010,  when  Nordic  Capital  Fund  VII,  a  €4.3bn  fund  investing  in  mid‐market  growth 
companies, acquired a majority stake in the company. Zouk Ventures opted to keep some of its stake in 
the company, for further upside. Two observations on this: 

Firstly, the exit for Frog Capital was reported as a 3x multiple exit on its investment – a perfect example 
of what we were describing in the previous section. 

Secondly,  this  transaction  (where  an  earlier‐stage  investor,  Frog  Capital,  divested  to  a  financial  buyer 
who  is  positioned  to  take  commercial,  not  technology  risk)  is  a  good  case  study  of  something  the 
Cleantech Group expects to see more of in the coming years. IPO exits in cleantech? Some. We believe 
not  only  that  M&A  will  be  way  more  important  than  IPO’s,  but  also  that  later‐stage  investors  will 
increasingly provide exits for earlier‐stage investors, so long as the technology and market application 
has been proven. The barriers right now are that there are too few of such later‐stage funds (some are 

                                                                                                                      
 
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2010 - 2011 Event Calendar
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     Russell Pullan                       QgGDj]gŠ !Gq [GgOs ± 
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     Crispin Leick                        rGDkjQpG QgGDj]g 5G[jkgGh       RWE Innogy GmbH
     Rhea Hamilton                        .G[Q]g [pGhjZG[j ;[;OGg          SAM Private Equity
     Mike Goguen                          +;gj[Gg                           Sequoia Capital
     Michael Majors                       [pGhjZG[j +;gj[Gg                Siemens Venture Capital
     Arlin Wasserman                      5+ ]L .khj;Q[;CQYQjs ± 
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     Andreas Hornfeldt                    [pGhjZG[j QgGDj]gŠ !Gq          Stora Enso
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     Richard Miller                       G;F ]L .khj;Q[;CQYQjs            Technology Strategy Board
     Astorre Modena                       +;gj[Gg                           Terra Venture Partners
     Bjarne Henning Jensen                +;gj[Gg                           Vaekstfonden
     Stephan Dolezalek                      ;[;OQ[O QgGDj]g                VantagePoint Venture Partners
     William Wescott                      5QDG +gGhQFG[j ]L [[]p;jQ][Š     Veolia Environnement
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     James McNaught-Davis                   ;[;OQ[O +;gj[Gg                 Wheb Ventures
     Christopher Hoffmann                 +gQ[DQe;Y                         Zouk Ventures


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Appendix 2 ‐ The 100 companies – mini‐profiles  
Below you will find mini‐profiles on all the 2010 Global Cleantech 100 companies. More extensive 
company profiles are available through the Cleantech Group website15. 

Company Name                 Country                Industry Classification      Mini‐Descriptor 
Adura                        USA                    Energy Efficiency >          Developer of lighting management systems based on low‐
Technologies                                        Lighting > Smart Lighting    power wireless mesh networking systems. 
                                                    Systems 
agri.capital                 Germany                Energy Generation >          Developer, owner and operator of biogas plants. 
                                                    Biofuels > Biogas 
AlertMe                      United                 Energy Efficiency >          Developer of a smart energy and home monitoring system that 
                             Kingdom                Buildings > Building         allows users to control energy usage in all appliances. 
                                                    Automation 
AMEE                         United                 Energy Efficiency > Other    Developer of a reference platform for environmental 
                             Kingdom                > Consulting & Facility      assessment to measure and track carbon, greenhouse gas and 
                                                    Management                   energy impacts from human activities. 
Amminex                      Denmark                Air & Environment >          Developer of chemical‐based ammonia storage and delivery 
                                                    Emissions Control >          systems for removing NOx from diesel emissions, and storing 
                                                    Cartridge/Electronic         hydrogen for fuel cell applications. 

Amonix                       USA                    Energy Generation >          Designer and manufacturer of utility‐scale concentrated 
                                                    Solar > Concentrated PV      photovoltaic (CPV) solar power systems. 

Amyris                       USA                    Energy Generation >          Developer of an industrial synthetic biology platform to 
Biotechnologies                                     Biofuels > Cellulosic        provide alternatives to petroleum‐sourced fuels and chemicals. 
                                                    Ethanol 
Aquamarine                   United                 Energy Generation >          Developer of hydro‐electric wave energy converters. 
Power                        Kingdom                Hydro/Marine > Wave 
AquaSpy                      USA                    Agriculture > Land           Develops, manufactures, installs and services agricultural 
                                                    Management > Smart           technology to improve crop yield through monitoring soil 
                                                    Irrigation                   moisture and improving root health. 
AquaZ                        Denmark                Water & Wastewater >         Developer of a cost‐effective aquaporin membrane 
                                                    Water Treatment >            technology, which will increase the efficiency of sea water 
                                                    Desalination                 desalination plants by 5‐10 times. 
Aqwise                       Israel                 Water & Wastewater >    Developer of a fixed bio‐film wastewater treatment process for 
                                                    Wastewater Treatment >  municipal, industrial and agricultural facilities. 
                                                    Biological 
Avantium                     Netherlands            Materials > Bio >            Developer of a technology that converts biomass into Furanics, 
                                                    Advanced Processes           building blocks for polymers, chemicals, and fuels. 

Better Place                 Israel                 Transportation > Fuels >     Provides charging infrastructure and services for electric 
                                                    Fueling Infrastructure       vehicles. 

Bloom Energy                 USA                    Energy Storage > Fuel        Developer of reversible solid‐oxide fuel cell technology 
                                                    Cells > Solid Oxide 


                                                            
15
      http://cleantech.com/research/ 
 

                                                                                                                                                    
 
 


Boston‐Power      USA        Transportation > Energy      Provider of next‐generation lithium‐ion battery technology for 
                             storage > Batteries          the portable power, electric vehicle and utility energy storage 
                                                          markets. 
Bridgelux         USA        Energy Efficiency >          Developer of energy efficient LED lighting systems. 
                             Lighting > Solid State 
                             Lighting 
BrightSource      USA        Energy Generation >          Designer and manufacturer of solar plants for utility and 
Energy                       Solar Systems >              industrial companies. 
                             Concentrated Solar 
                             Thermal 
Calera            USA        Energy Efficiency >          Developer of technology to sequester emission gases into 
                             Buildings > Building         building material that could replace cement. 
                             Envelope & Insulation 
CaliSolar         USA        Energy Generation >          Developer of solar cells that allow the use of non‐pure silicon 
                             Solar > Cells & Modules      in the manufacturing process. 

CellEra           Israel     Energy Storage > Fuel        Developer of Platinum‐Free Membrane fuel cell technology. 
                             Cells > Other 
                             Technologies 
ChapDrive         Norway     Energy Generation >          Developer of a hydraulic gearbox for wind turbines which 
                             Wind > Gearboxes &           reduces weight and maintenance cost. 
                             Components 
Chemrec           Sweden     Energy Generation >          Developer of energy and chemical recovery systems that 
                             Biofuels > Biomass           convert papermaking by‐products into biofuels via gasification 
                                                          technology. 
Climate Well      Sweden     Energy Efficiency >          Provider of indoor climate equipment that stores available 
                             Buildings > HVAC_R           thermal energy for desired use. 
Compact Power     Germany    Transportation >             Developer of ultra‐compact electric motors. 
Motors                       Vehicles > Vehicle 
                             Components/Engines 
Coskata           USA        Energy Generation >          Developer of a three stage bio‐fermentation process, 
                             Biofuels > Cellulosic        producing fuels and chemicals from a variety of input 
                             Ethanol                      materials. 
Coulomb           USA        Transportation > Fuels >     Developer of networked charging stations for electric vehicles. 
Technologies                 Fuels Infrastructure 
Cpower            USA        Energy Infrastrucutre >      Provider of energy management and demand response 
                             Transmission > Smart         services. 
                             Grid 
d.light design    India      Energy Efficiency >          Manufacturer and seller of individual solar powered personal 
                             Lightings > Smart            lights to the developing world. 
                             Lighting Systems   
Deeya Energy      India      Energy Storage >             Developer and manufacturer of electrical energy storage 
                             Advanced Batteries >         systems based on long lasting batteries. 
                             Flow Batteries  
Digital Lumens    USA        Energy Efficiency >          Developer of LED‐based lighting systems that promise to 
                             Lighting > Smart Lighting    reduce energy costs by 90%. 
                             Systems 
Elevance          USA        Materials > Advanced >       Producer of high‐performance waxes, functional oils, anti‐
                             Bio                          microbials, lubricants, additives and other chemicals using 
                                                          olefin metathesis technology. 
Emefcy            Israel     Water & Wastewater >         Developer of microbial fuel cells for wastewater and energy 
                             Wastewater Treatment >       generation. 
                             Biological 



                                                                                                                              
 
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