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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6798aedf-fc73-4ed4-a508-4a0189344121&Preview=1 -
Date
11/18/2008 -
Company Name
ReGen Power Systems -
Mailing Address
113 Michael Lane New Salem, MA 01335 -
Company Description
ReGen Power Systems, Inc., is pioneering development of industrial sized
(250kW-2MW), low temperature Stirling engines to convert excess
process heat and steam energy at industrial plants into electricity.The system will be powered by a novel Stirling engine designed to operate
at the moderate and lower temperatures found in process heating at
paper mills, steel mills, chemicals and petroleum refining facilities, glass
ovens, cement plants and similar locations.In addition to high efficiency, the ReGen systems will produce additional
power with no new fuel combustion. Not only will they save money, but will
produce no new emissions, enabling companies to contribute in a positive
way to the environment.ReGen power systems will be installed on site for $1,000-$2000/kW
depending on size and application. This will allow a 2-3 year payback on
the investment, depending on the avoided cost of electricity at the facility. -
Website
http://www.rgpsystems.com -
Transaction Type
Venture Equity -
Transaction Amount
$5,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Proceeds purposes were not disclosed. -
M&A Terms
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Venture Investor
21 Ventures -
Venture Investor
Quercus Trust