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November 11, 2009 – Vol.14 No.34 ElectraTherm Completes $5.4 Million in Additional Funding. ElectraTherm, of Carson City, Nevada, has announced the successful completion of additional funding totaling $5.4 million. The company has now raised nearly $10 million since its inception in 2005. ElectraTherm’s enhanced waste-heat recovery technology dramatically improves energy efficiency alongside such applications as generator sets, biomass, geothermal and solar thermal. Over the last few months, the Company successfully completed its first field test at Southern Methodist University, shipped several units for installation by year-end, and is expanding its capacity for additional production. The company notes in its website that there is more waste heat available from U.S. industry than all renewable energy sources combined, accordting to the U.S. Department of Energy. “Electratherm provides clean, inexpensive electricity to any producer of waste heat, which is both abundant and cheap. In fact, it’s free fuel,” said Charles Finnie, ElectraTherm investor and Managing Partner of Greener Capital Partners, a venture capital firm based in San Francisco. “The payback on Electratherm's Green Machine is extraordinary – often less than two years. I am excited to be involved with this remarkable company and its impressive management team.”
ElectraTherm’s proven, patented Twin Screw Expander enables its line of energy generators to make electricity from waste and geothermal heat or pressure instead of fossil fuel. (11/9/09)
Links: ElectraTherm
Related: --- ElectraTherm Announces Successful Installation of its First Commercial Waste Heat Generator.
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No
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