Terralliance is a Kleiner Perkins investment company with technology that makes it easier to find oil and gas. It's been discussed as the odd non-green investment in the KPCB portfolio and until today, it has kept about as low of a profile as EEStor. Back in April, VentureBeat reported that Terralliance seemed to have slippery fingers when it came to money.
So, today, they issued a press release--apparently their first if you go by their website-- announcing even more funding is headed their way from Kleiner AND the appointment of W. Michael Long to their board of directors. They added a link to their front page to Mike Long's Bio which includes this sentence:
Mike serves on the board of directors of Essence, which uses evidence-based medicine to effectively manage the quality and cost of healthcare for senior populations, and EEStor, which is developing the next generation of solid-state electrical energy storage units in the form of batteries and capacitors.
Again, this is as of today, May 15, 2009. So, let me see if I have this straight. Long is long both on Terralliance (an oil company) and EEStor (an end to oil) and unashamed to admit it--along with the blessing from Terralliance? I like it.
Under Long's leadership, Terralliance technology will be modified to search the earth for EESU's.
To discuss this stop by TheEEStory.com.