Fulham. Inc., a US energy-efficient lighting equipment manufacturer, recently invested $10 million in Boston-based venture capital firm Braemar Energy Ventures.
Fulham. Inc. has seven years of experience in the production of energy efficient lighting equipment. The company said the funds will be used for the assembly and sale of electronic ballasts for fluorescent, high-intensity and LED lamps. The transaction will give Fulham a strong financial base and more resources to support its global sales growth.
Braemar's CEO, Brian Wald, will attend the board of Fulham. Wald said that as more and more countries ban the use of incandescent lighting, ballast technology has become a major problem, and Fulham's electronic ballasts will fill the gap in technology in this field.
Market research firm DarnellGroup expects investment in the global electronic ballast market to grow from $6.5 million to $11 billion over the next five years.
Braemar has invested in three energy-efficient lighting companies in the past two years. In April this year it invested $8 million in lighting coolant developer Nuventix.
Founded in 2002, Braemar Energy Ventures has offices in New York and Boston, investing primarily in early and mid-term startups focused on energy-related technologies such as energy regeneration, fuel processing, batteries and clean coal. The company's investment in electronic ballast products has been adopted by Dutch electronics giant Philips Lighting.
Foreign research and development will increase OLED light efficiency to 90lm/W 2009-05-21
Want to talk about the prospects of LED street lights depends on user satisfaction 2009-05-21
China's LED display application creates a new high with 10 major features 2009-05-21
1
Power X (Qingdao) Energy Technology Co., Ltd. , https://www.solarpowerxx.com