On June 30, Idealab and Cool Energy completed a partnership agreement that includes a substantial equity investment from Idealab, and brings Cool Energy into the Idealab network of companies.
“Cool Energy’s technology is in a sweet spot for clean energy, enabling low-temperature waste heat recovery, and novel solar and biomass systems for distributed power generation,” said Bill Gross, Chairman and CEO of Idealab. “We are thrilled to be involved with a company that has the potential to make a real difference in the world.”
We at Cool Energy are very excited to work with a group as visionary as Idealab, and to incorporate the business wisdom of Bill Gross and his team into our biz dev planning process.
Some stories on this deal can be found here and here.
