Industrial conglomerate General Electric (GE), energy utility NRG Energy and oil major ConocoPhillips have provided undisclosed-sized tranches of the $300m to launch Energy Technology Ventures.
Three of the US’s largest listed companies have committed a combined $300m to launch Energy Technology Ventures, a corporate venturing joint venture to invest in about 30 early- and growth-stage clean-tech companies over the next four years.
Industrial conglomerate General Electric (GE), energy utility NRG Energy and oil major ConocoPhillips have provided undisclosed-sized tranches of the $300m.
The Energy Technology joint venture is the first time NRG and ConocoPhillips have started a corporate venturing programme, whereas GE has been active…
