Seattle-based EnerG2, an advanced materials and energy storage company, has raised $3.5 million in new equity financing from an undisclosed investor, according to a regulatory filing. The company, led by CEO Rick Luebbe, develops nano-scale materials to make better ultracapacitors for electric and hybrid vehicles and other applications. EnerG2 spun out of the University of Washington and raised $8.5 million led by OVP Venture Partners and Firelake Capital in 2008. Last August, the company won a $21.3 million grant from the U.S. Department of Energy to build a manufacturing plant in Albany, OR.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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