Energy

US-based OneRoof Energy, backed by Hanwha International, raises $2.5m in equity, in convertible promissory notes and warrants.

The US-based oil recovery company backed by corporate venturing unit Energy Technology Ventures and venture firm Kleiner Perkins Caufield & Byers, has withdrawn a $115m IPO filled in October 2011.

Chinese-owned auto-parts manufacturer Wanxiang America Corp has won a bid for government-backed A123 Systems, a corporate venturing-backed and Nasdaq-listed lithium-ion battery maker in an auction after the company filed for bankruptcy in October.

Fred Olsen,, Total andABB Technology Ventures, and the Scottish government construct a $14.5m loan for Scotrenewables Tidal Power to help design, construct and install its commercial-scale tidal turbine.

Belgum-based chemical company Solvay invests $6.6m into Sofinnova Partners' Green Seed Fund for industrial biotechnologies.

China-based HuaXiang Group makes its first investment in Israel, by investing $2.5m into Israel Electric Corporation backed 3GSolar Photovoltaics, a solar panel manufacturer.

If the InSightec deal ends up being a stellar exit for GE a few years from now, it would surely make an interesting case study for how spin-offs can successfully value for their parent corporate, while minimising risk of the parent while it sees how the technological roll out pans out.

CEC Capital has led a $24m Series B round into US-based Enevate, a rechargeable energy storage technology backed by Presidio Ventures, a corporate venturing unit of Sumitomo.

Oil and gas conglomerate Royal Dutch Shell participates in a $26m Series B round for US-based GlassPoint Solar, a provider of solar steam generators for oil recovery.

Leaps by Siemens add up to strategic evolution.