Press for Disruptive Technology
Mascoma Corporation, a renewable fuels company, announced today that it has implemented key components of the commercialization strategy for its Mascoma Grain Technology, or MGT™, yeast product, which is the first commercial application of Mascoma’s proprietary consolidated bioprocessing (CBP) technology platform. The MGT product is a genetically-modified yeast designed as a drop-in substitute for conventional fermenting yeast that lowers costs for corn ethanol producers by alleviating the need to purchase most of the expensive enzymes currently used in corn ethanol production. Mascoma is pursuing additional commercial applications of its proprietary CBP technology platform, including its recently announced joint venture with Valero Energy Corporation to develop a 20 million gallon per year commercial-scale facility in Kinross, Michigan to convert hardwood pulpwood to cellulosic ethanol.
SustainX, Inc., developer of a transformative, utility-scale energy storage technology, today announced that Richard Brody will join the executive team as Vice President of Business Development.
Each year, a handful of greentech companies become the talk of the town. Some engage in a competitive and oversubscribed fundraising round. Others announce a development partner that makes competitors take notice. Still others grow sales or flop in a make-or-break year.
Stion, a leading manufacturer of high-efficiency thin-film solar modules, today announced a $130M equity investment led by AVACO and Korean private equity funds. Existing investors Khosla Ventures, Taiwan Semiconductor (through VentureTech Alliance), Lightspeed Venture Partners, Braemar Energy Ventures, and General Catalyst Partners all participated in the round.