General Compression Secures $17,000,000 Series A Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f261dc0d-143a-40b0-affc-f9d54e977254&Preview=1 - Date
2/24/2010 - Company Name
General Compression - Mailing Address
275 Washington Street Newton, MA 02458 - Company Description
We are engineers, scientists, investors, and project developers, all committed to expanding clean power. General Compression’s systems are being developed to provide utility-scale storage and firming services for clean energy sources such as wind and solar, enabling them to replace fossil sources for electric power generation, and strengthening the electric power grid in the process. - Website
http://www.generalcompression.com - Transaction Type
Venture Equity - Transaction Amount
$17,000,000 - Transaction Round
Series A - Proceeds Purposes
The financing will support development of a first commercial scale unit and a series of storage projects thereafter. - M&A Terms
- Venture Investor
US Renewables Group - Venture Investor
Duke Energy
