3Tier Group, the Seattle-based company that has developed a map of the world’s best places for wind and solar power plants, has raised $3 million in new equity financing, according to a regulatory filing. The company raised $10 million in December 2008, and recently completed its detailed map of solar power hotspots. The company, which has 60 employees, doesn’t disclose its financial results, although CEO Ken Westrick said earlier this week in an interview that the company is “close” to turning profitable as the economy is beginning to improve for alternative energy.
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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