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Gen-Y’s taste for hybrid vehicles may tip the auto market

Monday, January 23rd, 2012

Honda Insight hybrid

Gen Y’s strong affinity for hybrid vehicles could make it the “generation that leads us away from traditional gasoline-powered vehicles,” reports Craig Giffi, vice chairman and automotive practice leader at Deloitte LLP, after seeing the results of Deloitte’s annual survey of Gen Y consumers and what they want in an automobile.

A strong majority (59 percent) of Gen Y respondents surveyed prefer an ‘electrified vehicle’ over any other type of car or truck. Moreover, Gen Y consumers heavily favor hybrid gasoline-electric vehicles (57 percent) over pure battery electric vehicles (2 percent) or vehicles with a traditional gasoline-only powertrain (37 percent).

The annual survey, now in its fourth year, canvassed 1,500 Gen Y, Gen X and baby boomer consumers in the United States, as well as 250 Gen Y consumers in China and 300 Gen Y consumers in Western Europe. Deloitte conducted the survey in September and October 2011. It defines Gen Y consumers as those ranging in age from 19 to 31.

According to Giffi, Gen Y consumers may be the game changers in the United States because, at nearly 80 million strong, they are one of the biggest domestic automobile buying market segments and the largest consumer segment since the baby boomers. Giffi indicates that, according to projections, one out of four new automobiles sold this year in the United States, and 40 percent of vehicles sold in the next 10 years, should be bought by a Gen Y consumer.

From the study, Giffi found that Gen Y consumers are drawn to hybrids for several reasons. Most notably, fuel efficiency: 89 percent of Gen Y consumers are considering buying a vehicle that gets better mileage, especially true when gasoline prices rise above $2.75 per gallon – the median price Gen Y consumers see as ‘fair.’ Further, 49 percent of Gen Y consumers are willing to pay an additional $300 for each mile-per-gallon of improvement they can get out of a hybrid – only $50 less than the$350 mile-per-gallon premium that Deloitte estimates a hybrid vehicle currently costs compared to an internal-combustion engine vehicle.

“Gen Y consumers also view hybrid technology as proven and reliable,” says Giffi. “Almost 6 in 10 Gen Y respondents prefer a hybrid over any other type of vehicle, while a mere 2 in 100 prefer a pure battery electric vehicle – demonstrating that Gen Y is familiar and comfortable with hybrid technology, but not so much with battery-only technology.”

Further, the survey shows that Gen Y respondents are married to the convenience of traditional gasoline-powered automobiles, strongly preferring powertrains that do not require plug-in recharging. Even with their overall preference for hybrids, Gen Y consumers still prefer a non-plug-in hybrid by a margin of more than two-to-one over a plug-in version.

The smart-phone on wheels
“Gen Y consumers prefer automobiles that are an extension of their social-media and digital lifestyles,” reports Joe Vitale, global automotive sector leader, Deloitte Touche Tohmatsu Limited. “Based on the survey, we found that auto manufacturers may have an opportunity to capitalize on Gen Y’s connected lifestyle by developing innovative and low-cost personalization options for this powerful consumer segment,” he says.

In-dash technology is the most important part of a vehicle’s interior for a majority (59 percent) of Gen Y respondents, with almost three-quarters (73 percent) seeking touchscreen interfaces. Gen Y consumers also rank smartphone applications as highly desirable in a new automobile (72 percent). In addition, they want to be able to customize their automobile interiors after the initial purchase with embellishments that include technology features: 77 percent would like to buy additional accessories and upgrades for their automobiles on an ongoing basis.

“Gen Y consumers clearly view their automobiles as more than just a way to get from point A to point B,” says Vitale, “They see them as a way to stay connected around the clock, and, they’re willing to pay it.” On average, Gen Y consumers are willing to spend more than $3,000 for hardware that delivers connectivity.

Safety first – but let the automobile lead
Gen Y consumers also realize that this increased connectivity can create safety issues. Solution: a vehicle that may compensate for the distractions that result from increased connectivity with ramped-up safety features.

“Gen Y consumers are willing to pay for technology that can help them better manage all the distractions created by connectivity,” says Vitale. “On average, they will shell out approximately $2,000 for a bundle of safety features like collision-avoidance systems, blind spot detection and sleep alert systems. In fact, Gen Y respondents graded safety bundles as their second most important priority – right behind technology bundles – when ranking their desire to buy additional vehicle features.”

Deloitte announced the preliminary results of the survey at its Shifting Gears conference yesterday in Detroit. Full survey findings will be released in February.

Georgia Tech device taps into power from thin air

Tuesday, July 26th, 2011

Manos Tentzeris

Manos Tentzeris displays an inkjet-printed rectifying antenna used to convert microwave energy to DC power. This grid is printed on flexible Kapton material and is expected to operate with frequencies as high as 10 gigahertz when complete. (Credit: Gary Meek)

Researchers have discovered a way to capture and harness energy transmitted by such sources as radio and television transmitters, cell phone networks and satellite communications systems. By scavenging this ambient energy from the air around us, the technique could provide a new way to power networks of wireless sensors, microprocessors and communications chips.

“There is a large amount of electromagnetic energy all around us, but nobody has been able to tap into it,” said Manos Tentzeris, a professor in the Georgia Tech School of Electrical and Computer Engineering who is leading the research. “We are using an ultra-wideband antenna that lets us exploit a variety of signals in different frequency ranges, giving us greatly increased power-gathering capability.”

Tentzeris and his team are using inkjet printers to combine sensors, antennas and energy-scavenging capabilities on paper or flexible polymers. The resulting self-powered wireless sensors could be used for chemical, biological, heat and stress sensing for defense and industry; radio-frequency identification (RFID) tagging for manufacturing and shipping, and monitoring tasks in many fields including communications and power usage.

The discovery is based on research supported by multiple sponsors, including the National Science Foundation, the Federal Highway Administration and Japan’s New Energy and Industrial Technology Development Organization (NEDO).

Can take advantage of frequencies from FM radio to radar

Communications devices transmit energy in many different frequency ranges, or bands. The team’s scavenging devices can capture this energy, convert it from AC to DC, and then store it in capacitors and batteries. The scavenging technology can take advantage presently of frequencies from FM radio to radar, a range spanning 100 megahertz (MHz) to 15 gigahertz (GHz) or higher.

Scavenging experiments utilizing TV bands have already yielded power amounting to hundreds of microwatts, and multi-band systems are expected to generate one milliwatt or more. That amount of power is enough to operate many small electronic devices, including a variety of sensors and microprocessors.

And by combining energy-scavenging technology with super-capacitors and cycled operation, the Georgia Tech team expects to power devices requiring above 50 milliwatts. In this approach, energy builds up in a battery-like super-capacitor and is utilized when the required power level is reached.

The researchers have already successfully operated a temperature sensor using electromagnetic energy captured from a television station that was half a kilometer distant. They are preparing another demonstration in which a microprocessor-based microcontroller would be activated simply by holding it in the air.

Can be used alone or with other generating tech

Exploiting a range of electromagnetic bands increases the dependability of energy-scavenging devices, explained Tentzeris, who is also a faculty researcher in the Georgia Electronic Design Center (GEDC) at Georgia Tech. If one frequency range fades temporarily due to usage variations, the system can still exploit other frequencies.

The scavenging device could be used by itself or in tandem with other generating technologies. For example, scavenged energy could assist a solar element to charge a battery during the day. At night, when solar cells don’t provide power, scavenged energy would continue to increase the battery charge or would prevent discharging.

Utilizing ambient electromagnetic energy could also provide a form of system backup. If a battery or a solar-collector/battery package failed completely, scavenged energy could allow the system to transmit a wireless distress signal while also potentially maintaining critical functionalities.

The researchers are utilizing inkjet technology to print these energy-scavenging devices on paper or flexible paper-like polymers — a technique they already using to produce sensors and antennas. The result would be paper-based wireless sensors that are self-powered, low-cost and able to function independently almost anywhere.

To print electrical components and circuits, the Georgia Tech researchers use a standard-materials inkjet printer. However, they add what Tentzeris calls “a unique in-house recipe” containing silver nanoparticles and/or other nanoparticles in an emulsion. This approach enables the team to print not only RF components and circuits, but also novel sensing devices based on such nanomaterials as carbon nanotubes.

Paper-based sensors will soon be widely available

When Tentzeris and his research group began inkjet printing of antennas in 2006, the paper-based circuits only functioned at frequencies of 100 or 200 MHz, recalled Rushi Vyas, a graduate student who is working with Tentzeris and graduate student Vasileios Lakafosis on several projects.

“We can now print circuits that are capable of functioning at up to 15 GHz — 60 GHz if we print on a polymer,” Vyas said. “So we have seen a frequency operation improvement of two orders of magnitude.”

The researchers believe that self-powered, wireless paper-based sensors will soon be widely available at very low cost. The resulting proliferation of autonomous, inexpensive sensors could be used for applications that include:

• Airport security: Airports have both multiple security concerns and vast amounts of available ambient energy from radar and communications sources. These dual factors make them a natural environment for large numbers of wireless sensors capable of detecting potential threats such as explosives or smuggled nuclear material.

• Energy savings: Self-powered wireless sensing devices placed throughout a home could provide continuous monitoring of temperature and humidity conditions, leading to highly significant savings on heating and air-conditioning costs. And unlike many of today’s sensing devices, environmentally friendly paper-based sensors would degrade quickly in landfills.

• Structural integrity: Paper or polymer-based sensors could be placed throughout various types of structures to monitor stress. Self-powered sensors on buildings, bridges or aircraft could quietly watch for problems, perhaps for many years, and then transmit a signal when they detected an unusual condition.

• Food and perishable-material storage and quality monitoring: Inexpensive sensors on foods could scan for chemicals that indicate spoilage and send out an early warning if they encountered problems.

• Wearable bio-monitoring devices: This emerging wireless technology could become widely used for autonomous observation of patient medical issues.

New venture firm, True North Venture Partners, launches

Monday, July 18th, 2011

True NorthCHICAGO-True North Venture Partners announced today the launch of its $300 million venture capital company. Founded by Mike Ahearn, the co-founder and former CEO of First Solar (NASDAQ:FSLR), True North will invest primarily in early stage companies in the energy, water, agriculture and waste sectors. Investment amounts will generally range from $100,000 to $25 million.

“We are focused on sectors where the global problems are pressing, the need for disruptive innovation is great and the challenges faced by early stage entrepreneurs and investors are particularly daunting,” said Ahearn. “Our goal is to identify exceptionally talented entrepreneurs with the vision, drive and business potential to significantly improve the world and help them realize their ambitions.”

Ahearn co-founded and until 2009 served as the CEO of First Solar. During this period First Solar grew from a start-up to a global leader in the solar industry and an S&P 500 company. Before investing in First Solar, Ahearn helped to build a number of other successful companies as an early stage investor.

“We are assembling a team of partners and advisors who combine successful investment experience with proven track records in developing start-up businesses into significant enterprises,” said Ahearn. “We can help entrepreneurs navigate the obstacles that they will inevitably face in fundamentally transforming global industries.”

True North has commenced operations and expects to be fully staffed by the end of 2011.

Fundings: MA-based Lillputian, $11M for tiny device battery that lasts a week, more

Wednesday, June 22nd, 2011

Lilliputian SystemsWilmington, MA-based Lilliputian Systems Inc. has raised more than half, $11.12 million, of an offering targeted at $21 million, according to a filing with the U.S. Securities and Exchange Commission. Previously the advanced micro battery firm raised more than $90 million in venture backing.

Researchers at the M.I.T. Microsystems Technology Laboratory, develops microchip sized batteries that can power hand held electronic devices for a week. It is fueled by recyclable high energy fuel cartridges.  The technology is reliable, safe (approved for use on aircraft) and environmentally friendly (6x more efficient/lower carbon footprint than using a wall charger).

Investors include Fairhaven Capital and Rockport Capital, both based in Massachusetts.

Video tech provider On Demand Real Time raises $1M in debt and equity

New York-based On Demand Real Time, a company selling technology for video replay on mobile devices, has raised $1 million in convertible debt and equity, according to a filing with the SEC.

The company is developing what it says is the first commercially deployable system for instant video replay on mobile devices called PlayItOver. It is working on consumer apps for mobile devices.

It also offers LiveClips, an SaaS product that can automatically create video clips of live sporting events and deliver them to the web or mobile devices in seconds.

LucidMedia Networks nabs $5.4 for digital ad management platform

Reston, VA-based LucidMedia Networks has raised $5.43 million of a $6.18 million offering, according to an SEC filing.  The company sells a demand-side platform that includes page-level contextual analysis and intelligent real time bidding as either self-service or managed service to interactive agencie and brand advertisers.

Glympse grabs $7.5M for location-sharing app

Redmond, WA-based Glympse has raised $7.5 million in Series B funding co-led by Menlo Ventures and Ignition Partnerswww.glympse.com

Florida-based GridGlo launches smart grid data platform with $1.2M raise

Friday, May 13th, 2011

GridGloDELRAY BEACH, FL – GridGlo, a startup specializing in data fusion and the development of smart grid applications, has raised $1.2 million capital raise from, CUBRC, a Buffalo, NY-based research organization with deep data fusion expertise developed over decades serving the Department of Defense and other Government agencies. The company said the deal is a strategic partnership.

GridGlo’s new cloud-based, platform-as-a-service (PaaS) solution aggregates petabytes of advanced metering infrastructure data and analyzes it by applying proprietary algorithms and advanced data fusion processes.

Data fusion is the science of combining disparate sources of data to develop inferences and continually refine them, and GridGlo is the first to leverage this approach to derive novel insights from energy consumption data. GridGlo enriches usage data with consumer behavioral, demographic and premises-specific information, providing new ways for utilities to drive customer engagement and forecast, segment and monetize their market opportunities.

One of the first applications GridGlo has developed with this approach is the Energy People Meter, a FICO-like score for energy consumers. An EPM score is a real-time digital fingerprint of a customer’s energy behavior. EPM scores range from 1 to 1000, with a higher score reflecting a user who consumes energy efficiently, has predictable consumption patterns, and is actively improving his or her energy consumption behavior.

GridGlo and its utility partners are also testing a number of other applications, such as a forecasting tool to reliably predict demand on an individual-premise basis and a demand response scenario builder to predict the impact of future demand response events. In addition, GridGlo is testing a risk management tool for identifying potential abandonment, energy theft, and consumer financial health.

“The smart grid today is like the wireless industry of the early 2000s – a market of great latent potential nearing an inflection point,” said Isaias Sudit, founder and CEO of GridGlo. “With reams of data constantly being generated by AMI and other smart grid systems, we see tremendous opportunity in unlocking the value of that data and know we have the right technology and approach to do so.”

Suniva lights up with $94.4M of $115M raise for advanced solar cells

Thursday, April 14th, 2011

SunivaATLANTA – Suniva, which makes more efficient solar cells, has raised $94.4 million of an equity raise targeted at $115 million, according to a regulatory filing. The company, one of only two in the Southeast on the Wall Street Journal’s recent “Next Big Thing” list, previously raised more than $130 million from investors including New Enterprise Associates, Warburg Pincus, H.I.G. Ventures, and Advanced Equities.

The company has an operating facility in Georigia and plans a second  $200 million facility in Saginaw, Michigan.

The company is behind schedule on the Michigan project as it waits on a US Department of Energy loan guarantee. (See: Suniva negotiating for $141 million DOE loan.

Suniva was a presenting company at TechMedia’s 2008 Southeast Venture Conference. TechMedia’s next event, the Digital Summit, is scheduled for May 16-17 in Atlanta.

Suniva’s technology is based on the work of Ajeet Rohatgi of the Georgia Institute of Technology’s University Center of Excellence in Photovoltaics, who founded the company in 2006.

Suniva’s high-quality monocrystalline solar cells incorporate multiple proprietary design elements that allow them to achieve best-in-class efficiencies of 19 percent. Conventional solar cells are only about 16 percent efficient at turning solar rays into electricity.

Additionally, Suniva reduces the time and cost associated with commercializing new solar technology by developing its innovative designs in incremental stages.

The sun is shining brightly on clean tech companies, particularly in solar, this year. We have reported half a dozen clean tech financing stories in the Southeast alone, several of them with various types of advanced solar technologies. A recent report also noted that clean tech investments were on the upswing in the first quarter 2011.

The company disclosed the latest raise in a filing with the U.S. Securities and Exchange Commission.

Cleantech, powered by solar, grabs 13 percent more money from VCs

Friday, April 8th, 2011

solar panelsSAN FRANCISCO- Investments in cleantech, particularly solar, rose by 13 percent over last year’s numbers to $2.57 billion in the first quarter 2011. That’s a trend continuing into the second quarter, if the number of cleantech financings we report is any guide. The first quarter numbers represent the most money invested in cleantech since the third quarter in 2008.

So says a report from San Francisco-based Cleantech Group, a consulting company.

Although the amount invested in cleantech was larger, it went to fewer firms, so venture capitalists are doing fewer but larger deals.

In a conference call, Sheeraz Haji, CEO of the Cleantech Group, said the sector is setting a pace to raise more money this year than at any time since it began tracking the investments in 2002. He said succuessful IPOs by cleantech firms such ast Telsa Motors helps.

Brightsource Energy Inc., which develops solar fields, was the largest single recipient of the $641 million that went to solar firms during the quarter. BrightSource may go for an IPO later this year.

Electric vehicle firms took the next largest slice of the pie: $311 million.

The most active investors in the space were: Kleiner Perkins Caufield & Byers, Khosla Ventures, Vantage Point Venture Partners, and the Google and GE venture capital arms.

 

TechJournal South is a TechMedia company. TechMedia presents the annual conferences:

SoutheastVentureConference: www.seventure.org

Internet Summit: www.internetsummit.com

Digital East: www.digitaleast.com

Digital Summit: www.digitalsummit.com

Only two Southeast firms make Wall Street Journal’s Next Big Thing list

Thursday, March 10th, 2011

AppiaATLANTA, GA & DURHAM, NC – Only two Southeast firms landed on the Wall Street Journal’s “The Next Big Thing 2011″ list of the “The top 50 venture-funded companies. Durham, NC-based appia Inc., the mobile app store company headed by Jud Bowman, is number 15 on the list. Georga-based Suniva, which makes solar cells with improved peformance over conventional types, is number 38.

Thirty-five of the companies are based in California. At TechMedia’s recent Southeast Venture Conference in Atlanta March 2-3, Mark Heesen, president of the National Venture Capital Association, said during a panel discussion that California may become even more dominant than it is already in the venture ecosystem.

Introducing the list, the WSJ wrote, “Venture capitalists are betting that the next Google Inc. or Facebook Inc. will have a name like Xactly, Chegg or Zoosk. In what may be a sign of a re-inflating Web bubble, The Wall Street Journal’s second annual ranking of 50 venture-capital-backed companies shows investors are chasing after Internet firms, many with a consumer focus.”

It notes that even firms without particular tech focus, healthcare and business services companies, for instance, are incorporating social networking or mobile technology into their businesses. Mobile communications, health care and business software firms make up the bulk of the list.

To qualify for the list, which was compiled by VentureSource, a unit of WSJ’s parent company, News Corp., a company had to have nabbed venture funding in the last three years and have a valuation of less than $1 billion. Those criteria place a focus on less well known companies and eliminate firms such as Facebook, Groupon and Twitter.

While we have no argument with including appia and Suniva on the list, we can think of a number of Southeast firms we would include instead of some the WSJ chose. What do you think?

–Allan Maurer

See: Durham’s PocketGear reboots as Appia

Suniva to invest $15M, may raise $75M

 

TechJournal South is a TechMedia company. TechMedia presents the annual conferences:

SoutheastVentureConference: www.seventure.org

Internet Summit: www.internetsummit.com

Digital East: www.digitaleast.com

Digital Summit: www.digitalsummit.com

Atlanta’s Urjanet energizes with $1.3M for power usage tech

Thursday, March 10th, 2011

UrjanetATLANTA – Urjanet Inc., a company that helps large power consumers better manage usage, has raised $1.3 million of a $2.14 million equity offering, according to a regulatory filing.

Among the principals cited in the filing with the US Securities and Exchange Commission disclosing the raise are: Sanjoy Malik, company co-founder, chair and CEO, director Fran Dramis, and I. Sigmund Moseley, president of Imlay Investments.

Malik previously founded Air2Web, a mobile services seller, and Synchrologic, which a data synchronization platform for mobile devices. It was acquired by Intellisync, which is now part of Nokia.

Dramis was CIO of BellSouth before it was acquired by AT&T in 2007.

Urjanet has a research partnership with Georgia Tech and funding from the Georgia Research Alliance as well as Imlay.

Urjanet provides a comprehensive data feed that enables large-scale energy consumers with multiple business locations to better manage company-wide power usage, manage their carbon footprint to meet carbon reduction goals and evaluate potential power investments, including investments in solar and wind.

Urjanet’s data is available by location, and contains hundreds of data points that include demand, consumption, rates plans, pricing, payment, carbon and weather.

 

TechJournal South is a TechMedia company. TechMedia presents the annual conferences:

SoutheastVentureConference: www.seventure.org

Internet Summit: www.internetsummit.com

Digital East: www.digitaleast.com

Digital Summit: www.digitalsummit.com

Meridian Bioenergy raising $18M to make energy from waste

Thursday, February 10th, 2011

petri dishNAPLES, FL – Meridian Bioenergy Inc. has raised $800,000 toward a targeted $18 million equity raise, according to a regulatory filing. The company uses food processing and industrial waste products to make biomas fuel.

Through an advanced form of Anaerobic Digestion – a proven technology that has existed for more than 200 years – Meridian utilizes common wastes generated from food processing and various industrial applications that would otherwise be disposed of at landfills, incinerated, or treated in wastewater treatment plants.

This “feedstock” is processed with Anaerobic Digestion. With little or no secondary treatment, biogas is produced utilizing “off the shelf” equipment that fuels generators to produce electricity or is treated and purified into “green” natural gas.

On its website, the company notes:

  • energy used for the production of the perfectly edible food that is discarded each year in the U.S. exceeds what is extracted annually from our offshore oil and gas reserves.
  • 16% of energy consumed in the country is used to produce food yet more than 25% of food is wasted each year.
  • 30 million tons of food waste is disposed in landfills each year and less than 3% is diverted for energy production or composting.