SoCalGas Creates $1M Fund For Clean Technology Startups

In a move which adds some additional capital to the Los Angeles clean technology market, utility company Southern California Gas Company said Thursday that it has created a new, $1M innovation fund to help companies develop clean technology. SoCalGas said it created the new fund with the Los Angeles Cleantech Incubator, to help fund startups in the area of fuel cells, renewable natural gas and distributed natural gas products. SoCalGas said that LACI will look to identify leading technologies and teams to bolster the research and development efforts of SoCalGas, and help with incubation and development of that technology.