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Posted inThe Startup Line

Orono energy startup raises $1.5M

Pelletco, a renewable energy startup in Orono, has received an investment of $1.5 million from a venture capital firm in Connecticut, according to CEO James Knight. The investment comes from CleanFeet Investors and brings Pelletco’s total outside investment to $3 million. “CleanFeet is one of the pre-eminent clean energy investment funds in the Northeast and this financial partnership will allow us to […]

Posted inThe Startup Line

Two Maine startups vying for $250K in Silicon Valley’s Cleantech Open

Two Maine startups have been selected to vie for $250,000 as part of the Cleantech Open, a national competition designed to spur innovation in the clean energy and technology sectors. The Silicon Valley-based accelerator program has selected Introspective Systems, based on Peaks Island, and Parent Technology Group of Windham as semifinalists in its Northeast region. They join 36 other […]

Posted inNews

New energy chief is named

AUGUSTA — A consultant, former pulp and paper executive, and state lawmaker has been tapped to lead the Maine Office of Energy Independence and Security. Gov. Paul LePage announced yesterday that Kenneth Fletcher will lead the office, which aims to increase the use of sustainable indigenous and renewable resources while reducing greenhouse gas emissions. LePage […]