General Compression Secures $17,000,000 Series A Financing

  • Feed Type
  • 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