Saturday, 28 November 2015
Last updated 8 hours ago
Nov 13 2009 | 11:19am ET
ElectraTherm has completed a $5.4 million funding round, bringing total funds raised since its inception in 2005 to almost $10 million. Participants in the most recent round were not named.
ElectraTherm’s enhanced waste-heat recovery technology improves energy efficiency alongside such applications as generator sets, biomass, geothermal and solar thermal. Over the last few months, the company successfully completed its first field test at Southern Methodist University, shipped several units for installation by year-end, and is expanding its capacity for additional production.
“We have received an incredible response to our technology worldwide – in the form of dealers, investors and customers,” said Steve Olson, ElectraTherm president, in a statement. “Deployed on a large scale, the ElectraTherm Green Machine has the capacity to make a significant contribution to reducing CO2 emissions and increasing energy security. On top of that, increasing efficiency is simply good business.”
ElectraTherm’s backers include Greener Capital Partners, a venture capital firm based in San Francisco.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…