Cool Planet may relocate its HQ to Denver and plant to the metro area from California, reports the
Pacific Coast Business Times.
Excerpt:
Camarillo-based Cool Planet Energy Systems, one of the fastest-rising startups in the region, may relocate its headquarters and build a factory in the Denver area.
The company has designed a mechanical system that uses heat and pressure to turn feedstocks such as grass into gasoline-blendable fuels, generating a byproduct called biochar that can be used as a soil additive to sequester carbon. The company has received more that $24.3 million from big name investors such as General Electric, Google Ventures BP and ConocoPhillips.
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