Nexterra Energy, a Vancouver, BC-based company that enables industrial customers to generate heat and power from waste fuels, said it has raised $3.8 million Canadian in a fourth-round equity financing. The financing was led by ARC Financial of Calgary, Alberta, the largest energy investment firm in Canada. ARC has invested more than $20 million Canadian in Nexterra.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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