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Article: United States: ElectraTherm Secures $2.6M Series A Capital and Adds New Dealers for Renewable Power Systems.
- Article from:
- TendersInfo
- Article date:
- November 13, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mamta03
ElectraTherm, Inc. today announced the successful completion of its 2008 Series A common share capital raise, totaling $2.6 million. The product of four years of successful research and development, the ElectraTherm Green Machine stands alone as the first commercially viable generator to make electricity from low temperature, residual industrial heat that has, until now, gone to waste.
"ElectraTherms disruptive technology is truly rewriting the book on clean energy production," said ElectraTherm investor Mike Acheson, Managing Director of Interlaken LLC. "Industrial waste heat is everywhere and the global market is poised to benefit from ...