[RTC List] clean tech funds

[Jonathan Speaker]

Wednesday, September 26, 2007 - 2:07 PM PDT

State seeks clean tech ideas to back


Silicon Valley / San Jose Business Journal - by
<http://www.bizjournals.com/search/results.html?Ntt=%22Emma%20Ritch%22&Ntk=A
ll&Ntx=mode matchallpartial> Emma Ritch 


A committee tasked with increasing renewable energy sources in California is
looking for a few good clean technology projects. 

The Economic and Technology Advancement Advisory Committee wants green
energy innovators in California to submit plans and products to increase
renewable energy sources, said Mary Nichols, chairwoman of the
<http://www.bizjournals.com/search/results.html?Ntk=All&Ntx=mode
matchallpartial&Ntt=%22California%20State%20Air%20Resources%20Board%22>
California State Air Resources Board, Wednesday at Santa Clara University at
the "Clean and Green" community forum held by the Silicon Valley Leadership
Group. 

Nichols said proposals will be considered for potential inclusion in a draft
plan submitted to her at the end of the year by the committee. "We will
spend hundreds of thousands of staff hours combing through the ideas," she
said. 

The major benefit of such a group is that it compiles the best ideas from
competing technology firms to the best public use -- and the companies can
still profit, she said. 

One idea out of the six-month-old group, headed by Alan Lloyd and Bob
Epstein, is to create a clean-energy park, Nichols said. 

Data now shows where solar, wind and other alternative sources of energy
exist, but she said the group needs to find overlaps so a park can be
created where several sources work at once to make a constant energy source.
The state also needs to find better forms of energy storage, she said. 

About 18 percent of the state's energy comes from renewable sources today,
she said. The goal is 50 percent. 

California has traditionally had a hard time getting venture capital
companies involved with such committees because of the numerous meetings,
legal requirements and piles of paperwork associated with the government,
Nichols said. 

"That's the opposite of what these industries tend to do," she said. "We
need new ways of partnering that have not been tried before. They can help
us think through what are the most effective ways to help us that still
helps them make money." 

For information about the committee, visit
<http://www.arb.ca.gov/cc/etaac/etaac.htm> www.arb.ca.gov/cc/etaac/etaac.htm

 
Jonathan Speaker, COO
StreamGuys, Inc.
707.667.9479 x255
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