General Compression
General Compression develops advanced compressed air energy storage technology that produces low-cost, dispatchable clean power.
Business Model:
Revenue: $0
Employees: 51-200
Industries / Tags:
Detailed General Compression Information
Geographic Data
Address:
City: Newton
State: Massachusetts
Zip:
Country: United States
Financial Info
Stage:
series b
Raised Last:
$60M
Raised Total:$137M
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Description
Recognizing that the key to expanding clean power is stabilizing power output from wind and other variable sources, we are developing the General Compression Advanced Energy Storage (GCAESTM) system to store large quantities of energy from wind farms and make it available on demand. General Compression plans to commence construction of its first commercial project in autumn 2011, and is working in partnership with major utilities, independent power producers (IPPs), and gas storage operators to evaluate several sites in North America where GCAESâ„¢ can firm intermittent power and shape grid power capacity.
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| Announced Date | Company | Transaction | Money Raised |
|---|
| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 6/2011 | Series B | 4 | $20.4M |
US Renewables Northwater Capital Duke Energy Corporation Serious Change Duke Energy Corporation Northwater Capital Serious Change Northwater Capital US Renewables Duke Energy Corporation Serious Change Duke Energy Corporation Northwater Capital Serious Change US Renewables |
6/2011 | Series B | 3 | $34.1M |
Duke Energy Corporation Northwater Capital US Renewables Duke Energy Corporation US Renewables Northwater Capital |
2/2010 | Series A | 2 | $17M |
US Renewables King Hill Capital US Renewables |
9/2011 | Venture Round | $6M | 11/2012 | Series B | 3 | $60M |
ConocoPhillips Duke Energy Corporation Serious Change ConocoPhillips Duke Energy Corporation Serious Change |
|---|
| Announced Date | Name | Price |
|---|---|---|
| 3/2015 | SustainX |
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Revenue: 0 - 100000 Employees: 11 - 50 Industry: Industrial |
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