Idealab and Cool Energy Establish Partnership
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.