Back to Mobile View
Subscribe to the CrunchBase Daily for the latest on Fundings, Acquisitions, and Startup Events

General Information

Websitegreatpointenergy.com
Twitter@GPEnergy
CategoryCleanTech
Emailinfo@greatpointen...
Employees
Founded2004
DescriptionEco-friendly Natural Gas Production

Offices

GreatPoint Energy
222 Third Street
Cambridge, MA, 02142
USA
GreatPoint Energy
222 S. Riverside Plaza
Suite 2750
Chicago, IL, 60606
USA

People

Founder and CEO
Chief Executive Officer
Executive Vice President & Chief Financial Officer
Co - Founder & COO
Investment

Funding

TOTAL $562M
FUNDING TOTAL $562M
Series A, 11/2005
Advanced Technology Ventures
Draper Fisher Jurvetson (DFJ)
$7M
Series B, 5/2006
Kleiner Perkins Caufield & Byers
Khosla Ventures
$30M
Series C, 9/2007
Citi Alternative Investments
The Dow Company
AES Corporation
Suncor Energy
$100M
Venture Round, 11/2009
Draper Fisher Jurvetson (DFJ)
$5M
Series D, 2/2012
$420M

Service Providers

Tags

GreatPoint Energy

GreatPoint Energy is a technology-driven natural resources company and the developer of a proprietary, highly-efficient catalytic process, known as hydromethanation, by which coal, petroleum coke and biomass are converted directly into low-cost, clean, pipeline quality natural gas, while allowing for the capture and sequestration of carbon dioxide (CO2).

GreatPoint Energy plans to build, own and operate large-scale natural gas production facilities strategically located at the intersection of natural gas pipelines and low-cost feedstock, as well as at locations where the CO2 produced and captured in its process can be geologically sequestered. The Company has identified numerous such locations and is in advanced development of its first commercial facility.

The Company’s cost of production is expected to be significantly lower than current prices of new drilled natural gas and imported liquefied natural gas (LNG), and the natural gas it produces, called bluegas™ meets all high-grade natural gas quality specifications. It can be transported through the thousands of miles of pipelines already in place around the world and can be used interchangeably with drilled natural gas for all applications, including power generation, residential and commercial heating, and the production of chemicals.

The Company has raised $140 million to date and is backed by leading strategic investors including The Dow Chemical Company, Suncor Energy, AES Corporation, and Peabody Energy, as well as major financial institutions and venture capital firms, including Kleiner Perkins Caufield & Byers, Khosla Ventures, Draper Fisher Jurvetson, Advanced Technology Ventures, and Citi’s Sustainable Development Investments.

Recent Milestones

Videos

Screenshots

Sources

  1. Series A Announcement (greatpointenergy.com) [edit]
  2. Series B Announcement (greatpointenergy.com) [edit]
  3. Series C Announcement (greatpointenergy.com) [edit]
  4. Draper Fisher [edit]
  5. Report: GreatPoint Energy Grabs $420M from Chinese Investor (xconomy.com) [edit]
Edit This Page
Last Edited 2/19/14

Revision History RSS Picture

Sharing

Share this page on Twitter or Facebook:
Or copy this code to embed a widget: customize »

External Links

CrunchBase API

Sponsors



Become a Sponsor
Terms of Service | Privacy Policy | Licensing Policy