Draker Labs completes new, $3 million round of equity funding

first_imgDraker Labs, a provider of high performance turnkey monitoring systems for large commercial and utility ‘ scale solar photovoltaic (PV) systems, recently completed a new round of equity funding. Harbor Light Capital Partners, a private investment firm based in Keene, NH, led the $3 million round. Other major participants included existing Draker investors FreshTracks Capital and Campbell Scientific. In addition to the equity investment, Draker has secured a new $1.5 million credit facility to help the company manage its working capital requirements.As part of the new equity round, Todd Warden, Managing Partner at Harbor Light, was elected to Draker’s Board of Directors.Commenting on his company’s decision to invest in Draker, Warden said ‘We are very excited to add Draker to our portfolio of growth–‐stage companies. The company’s reputation for high quality, turnkey solutions and its focus on the commercial end of the PV market have distinguished it from the competition and driven extraordinary growth over the past 18 months. We look forward to working with the management team to help Draker solidify its position as the leading provider of monitoring solutions for the rapidly growing commercial and utility–‐scale solar PV market.’Draker CEO, Charles ‘Chach’ Curtis, said that the equity funding is being invested in new technology development focused on scaling Draker’s current products and services to meet the needs of the rapidly emerging utility–‐scale market. The equity funding will also be used to add engineers, project managers, and field services and customer support personnel to effectively manage the rapidly growing fleet of solar projects that Draker has under management.In 2010, a 1MW solar PV project was considered to be a fairly large project by commercial standards. Contrast that with the 18MW project that we’re currently commissioning and you can see how far we’ve come as a company and why we need to continue to invest in R&D in order to remain at the leading edge of this rapidly developing industry. With the new funding, we can maintain our technological advantage and have sufficient boots on the ground to help our customers monitor and manage the large systems they’re currently developing.’About DrakerDraker Laboratories provides highly accurate and reliable monitoring solutions that help owners and operators of commercial and utility — scale PV systems maximize the efficiency and profitability of their solar assets. As a supplier of end–‐to–‐end monitoring solutions, Draker’s turnkey systems combine proven field instrumentation with an intuitive web–‐based data management system and unmatched customer support. www.drakerlabs.com(link is external) About Harbor Light Harbor Light Capital Partners is a private investment firm investing in early and growth stage companies located in the Northeast. The firm focuses on the technology, healthcare, and energy sectors and makes equity investments in the $1M to $5M range. Harbor Light Capital Partners provides the commitment, capital, and collaboration to build successful and sustainable businesses that are leaders in their industry. www.hlcp.com(link is external).Burlington, VT ‘ June 28, 2011) Draker Labslast_img read more

NASA acting Administrator Robert Lightfoot to retire

first_img Sign up for our daily newsletter Get more great content like this delivered right to you! Country NASA’s acting administrator, Robert Lightfoot, who has led the agency since January 2017, announced today that he will be retiring effective 30 April. The move places pressure on President Donald Trump’s administration and the Senate to secure long-term leadership for the agency.Last September, the White House nominated Representative Jim Bridenstine (R–OK) to lead NASA. Bridenstine’s nomination has been advanced by the committee overseeing the agency, but it has stalled in the Senate because of opposition from Democrats and, especially, two senators from Florida, Bill Nelson (D) and Marco Rubio (R). Both have expressed their preference that a “space professional” lead the agency.Rubio also has personal reasons to oppose the nomination: Bridenstine actively opposed his 2016 presidential bid in campaign ads for Senator Ted Cruz (R–TX). This is the real reason for Rubio’s blockade, according to Senator Jim Inhofe (R–OK), who spoke to The Oklahoman for an article published today. “He doesn’t like Jim Bridenstine,” Inhofe said while recounting a recent conversation he had with Rubio. “I said, ‘What do I have to do or what do we have to do to get you to stand back and let him into this job?’ [Rubio] said, ‘Not a chance. I’m not going to do it.’ Those are his words.” Country * Afghanistan Aland Islands Albania Algeria Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State of Bonaire, Sint Eustatius and Saba Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Christmas Island Cocos (Keeling) Islands Colombia Comoros Congo Congo, the Democratic Republic of the Cook Islands Costa Rica Cote d’Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands (Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Holy See (Vatican City State) Honduras Hungary Iceland India Indonesia Iran, Islamic Republic of Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea, Democratic People’s Republic of Korea, Republic of Kuwait Kyrgyzstan Lao People’s Democratic Republic Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macedonia, the former Yugoslav Republic of Madagascar Malawi Malaysia Maldives Mali Malta Martinique Mauritania Mauritius Mayotte Mexico Moldova, Republic of Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Norway Oman Pakistan Palestine Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Qatar Reunion Romania Russian Federation Rwanda Saint Barthélemy Saint Helena, Ascension and Tristan da Cunha Saint Kitts and Nevis Saint Lucia Saint Martin (French part) Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten (Dutch part) Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Syrian Arab Republic Taiwan Tajikistan Tanzania, United Republic of Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Vietnam Virgin Islands, British Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe By Paul VoosenMar. 12, 2018 , 2:25 PM Click to view the privacy policy. Required fields are indicated by an asterisk (*) Email NASA acting Administrator Robert Lightfoot to retire Robert Lighfoot, NASA’s acting administrator, testifies before Congress earlier this year. NASA/Bill Ingalls/Flickr (CC BY-NC-ND 2.0) Rubio’s opposition, and the absence of Senator John McCain (R–AZ), who is undergoing cancer treatment, means the Senate lacks the necessary 50 votes to confirm Bridenstine. Senate Democrats have flatly opposed his nomination, citing remarks he has made in the past expressing skepticism about human contributions to climate change. Lightfoot is already the longest serving acting administrator of the agency. He has steered NASA to focus back on the moon, following the guidance of the administration, including Vice President Mike Pence and Scott Pace, the executive secretary of the reconstituted National Space Council. His retirement comes as a surprise and should force the administration to act, especially because NASA lacks a deputy administrator to take over for Lightfoot, says John Logsdon, founder of The George Washington University’s Space Policy Institute in Washington, D.C.”Either the Senate should vote up or down on Bridenstine, or the White House should convince him to withdraw and nominate not only a new candidate as administrator, but also a candidate for deputy,” Logsdon says. “With the president’s recent praise of NASA, he owes it to the agency to provide with a worthy successor to Lightfoot.”Some House Republicans, including a fellow Oklahoman, echoed this view in interviews last week with E&E News. “I would hope whatever the circumstances are in the United States Senate, at some point we’ll decide the future of NASA’s importance—either confirm this guy or get a new guy,” Representative Frank Lucas (R–OK) told Climatewire.Lightfoot did not give a reason for his departure. In news that’s likely related, the agency announced late last week that another civilian, Steve Jurczyk, will now serve as NASA’s acting associate administrator, the position that Lightfoot previously held and the agency’s highest ranking civilian slot.The administration will need to name a new acting administrator to lead NASA, but it is not clear who is on that list.last_img read more