Luca gets $76M for coal gasification

2008 December 24
by novogreen

Colorado firm uses micro-organisms to turn coal into methane underground. Colorado-based Luca Technologies has raised $75.9 million in a Series C round to acquire leases, wells and production assets for its underground coal-gasification technology.One Equity Partners and Kleiner Perkins’ Green Growth Fund led the round, which came a week after another U.S.-based underground coal gasification company, Laurus Energy, came out of stealth and announced $8.5 million in financing (see Laurus Energy finds clean coal solution?).

Read more about this here.

from → Clean Energy Generation

3 Comments leave one →
2008 December 30
Underground coal gasification permalink

Its interesting to know the some small basics useful point about under ground coal gasification.which have tend for the globalization of the world.

2009 January 9
Coal Gasification permalink

Olorado-based Luca Technologies has raised $75.9 millio for its coal gasification…great work

2009 January 13
Underground Coal Gasification permalink

Underground Coal Gasification is such a nice process to reduce the emissions and Lucas Technology has raised $75.9 million for this under ground coal gasification…nice article.

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