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Report: New Technology Offers Potential For Better Energy Storage

socalTECH

New energy storage technology--based on gravity and potential energy--may be on its way to helping to revolutionize energy storage, without the need or limited lifetime of batteries, according to a report today. Energy Vault recently raised $110M in funding for global deployment of its technology, an is a spinout of Pasadena's Idealab.

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ObEN Technology Used In Chinese New Year's Broadcast

socalTECH

Pasadena-based ObEN , which develops technology to help people create a personal, AI-driven avatar which looks and sounds like you, reported a win in China, for a big New Year's broadcast for China Central Television (CCTV). ObEN showed off a clip of the use of its technology in the big broadcast. READ MORE>>.

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OpenX Reports More Than $170 Million in 2017 Revenue

L.A. Business Journal

OpenX, a Pasadena-based programmatic advertising technology company, announced $172 million in 2017 revenue in a March 13 report. The company has grown for 10 consecutive years and has been profitable for four straight, according to a company statement.

OpenX 100
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Report: Idealab's Energy Innovations Up For Sale

socalTECH

Pasadena-based Energy Innovations , the Idealab startup working on concentrating photovoltaic solar systems, is looking for a buyer, according to a report Friday. The report quoted un-named sources close to the firm.

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RayTracker Acquisition Worth $44.8M, Says Report

socalTECH

A report today from Greentech Media says that Pasadena-based Idealab 's sale of portfolio firm RayTracker was worth $44.8M. in funding in RayTracker a developer of solar tracking technology. RayTracker was also based in Pasadena, but was acquired in January by solar panel firm First Solar.

Idealab 140
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Clean Technology Investments Up, Says Report

socalTECH

A analysis released by Ernst & Young this week finds that clean technology investments are up significantly this quarter, rising 73% to $572M from last quarter. Tags: clean technology venture capital cleantech green energy.

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Materia Faces Legal Challenge From German Company

socalTECH

Pasadena-based material science technology developer Materia appears to be facing some legal challenges in court, according to Law360. The report says that a German industrial conglomerate, Evonik Degussa GmbH , says it received a $1.5M The report said the complaint was received in the Delaware federal court on Wednesday.

Company 100