GreatPoint Energy

A. D.
October 2007
Red Herring;10/7/2007, Vol. 4 Issue 29, p56
Trade Publication
This article features Cambridge, Massachusetts-based GreatPoint Energy, a technology company included in "Red Herring's" top 100 list for 2007. Andrew Perlman is the chief executive officer (CEO) of the company, which has $36.5 million in funding. Some of its key investors are Advanced Technology Ventures and Draper Fisher Jurvetson. GreatPoint Energy has a technology that turns coal into natural gas, cutting out the environmental harm from coal burning. Global coal consumption is expected to nearly double from 5.4 billion short tons in 2003 to 10.6 billion in 2030, according to the U.S. Department of Energy, making the market primed for a greener alternative. But this so-called alternative energy comes with a caveat, mining the coal itself releases harmful emissions.


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