Innovacorp’s $2M LightSail Bet Fails

LightSail Energy, the Silicon Valley cleantech company co-founded by Dartmouth-born Danielle Fong, has shut down, meaning Innovacorp will write off its $2-million investment in the company.
Based in Berkeley, Calif., LightSail was working on an energy storage product that used compressed air infused with water vapour that could drive wind turbines during periods of low wind. The publication