New Energy Capital Closes $30 Million Financing

"At a major conference focused on investments in renewable energy, California Controller Steven Westly announced today that the California State Teachers' Retirement System (CalSTRS) - the nation's third largest public pension fund - and VantagePoint Venture Partners, one of the nation's largest and most active venture capital firms had co-invested $30 million in New Energy Capital Corp., a leading clean energy company. Westly sits on the Board of Directors of CalSTRS and has been instrumental in its efforts to increase the pension fund's investments in clean technology."

[LivepowerNews.com]