Steve Crane (entrepreneur)

For other people named Stephen Crane, see Stephen Crane (disambiguation).
Steve Crane
Born Stephen E. Crane[1]
1953[2]
Residence Berkeley, California
Nationality American
Alma mater Massachusetts Institute of Technology, California Institute of Technology
Occupation Businessman, entrepreneur
Title CEO of LightSail Energy

Stephen E. Crane is an American businessman, video game developer and entrepreneur.[3] He is the CEO of LightSail Energy, a compressed air energy storage startup which he co-founded with Danielle Fong.[4]

Education and video games

Crane attended the Massachusetts Institute of Technology (MIT) and the California Institute of Technology (Caltech), where he studied physics,[5] eventually earning a geophysics Ph.D.[6] In the 1980s, he was director of software development for the graphics company Cubicomp.[7] He was later senior vice president and chief technology officer for the game company Activision,[8] where he helped develop games such as X-Men: Mutant Academy[9] and Tony Hawk's Pro Skater.[10] Before founding LightSail, he was the Chief Creative Officer at Midway Games in San Diego.[11][12]

LightSail Energy

In 2008, Crane left the video game industry to start an energy company with Danielle Fong, investing $100,000 in seed capital.[13] The company was initially focused on using compressed air to power a scooter, but later pivoted to energy storage for the electrical grid.[14] LightSail's technology could allow it to achieve up to double the efficiency of previous compressed-air systems.[15] According to Crane, he aims for LightSail's system to be cheap, durable, and fit inside a standard shipping container.[16] As of 2015, LightSail had approximately 55 employees,[13] and had raised $70 million in venture capital investment.[17]

References

  1. "Compressed air energy storage system utilizing two-phase flow to facilitate heat exchange". Google Patents. Google. Retrieved 4 April 2016.
  2. Gies, Erica (January 25, 2012). "Greening the Grid: LightSail Aims To Make Power Cleaner By Making Energy Storage Cheap". Forbes Magazine. Retrieved 4 April 2016.
  3. Gage, Deborah (November 5, 2012). "Peter Thiel, Bill Gates, Khosla Get Behind Energy Storage Start-Up LightSail in $37M Deal". The Wall Street Journal.
  4. Temple, James (March 11, 2014). "LightSail Adds Two Execs as It Looks to Ramp Up Sales". Re/code. Retrieved 4 April 2016.
  5. Cook, John (November 6, 2012). "Bill Gates, Vinod Khosla and Peter Thiel bankroll energy storage startup LightSail". GeekWire. Retrieved 4 April 2016.
  6. Garling, Caleb (July 2, 2012). "World's Most Wired Steam Punk". Wired Magazine. Retrieved 4 April 2016.
  7. Burns, Diane (July 10, 1984). "CS-5 Adds Depth To PC Graphics". PC Magazine.
  8. "Annual 2000 Report" (PDF). Activision. Retrieved 4 April 2016.
  9. "Activision Brings the Most Popular Comic of All Time To Life With The Release of X-MEN: Mutant Academy". Activision. PR Newswire. July 14, 2000. Retrieved 4 April 2016.
  10. Holt, David (October 2014). "Reaching for the moon". Progress Media. Retrieved 4 April 2016.
  11. Feldman, Curt (October 23, 2003). "New Midway boss talks the talk". GameSpot. Retrieved 4 April 2016.
  12. "AIIDE 2006 Speakers". AAAI. Association for the Advancement of Artificial Intelligence. Retrieved 4 April 2016.
  13. 1 2 Okyle, Carly (September 15, 2014). "Top 30 Startups to Watch". Entrepreneur. Retrieved 4 April 2016.
  14. Roberts, Seth (April 14, 2013). "How Things Begin: LightSail Energy". Seth's Blog. Retrieved 4 April 2016.
  15. Markham, Derek (November 7, 2012). "New Compressed Air Energy Storage System Could Deliver Double the Efficiency". Treehugger. Retrieved 4 April 2016.
  16. Fehrenbacher, Katie (November 7, 2012). "In the post-Solyndra era, still some (rare) big bets left for cleantech". GigaOm. Retrieved 4 April 2016.
  17. Haislip, Barbara (February 21, 2016). "Energy-Storage Startup LightSail Plots Long-Term Game Plan". The Wall Street Journal. Retrieved 4 April 2016.
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