SustainX Obtains $14,400,000 New Financing

  • Feed Type
  • Date
    3/16/2011
  • Company Name
    SustainX
  • Mailing Address
    7 Commerce Ave. West Lebanon, NH 03784
  • Company Description
    SustainX is an energy storage technology developer whose solution is cost effective, low maintenance, non-toxic, and highly efficient. The technology is being developed to provide a solution for enhancing the value of renewable energy, commercial and industrial energy management, and transmission asset utilization and optimization.
  • Website
    http://www.sustainx.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $14,400,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    We are on schedule to develop a grid-scale prototype to be demonstrated at an affiliated AES site where we can showcase our transformative energy storage technology.
  • M&A Terms
  • Venture Investor
    Polaris Venture Partners
  • Venture Investor
    Rockport Capital Partners
  • Venture Investor
    GE Energy Financial Services
  • Venture Investor
    Cadent Energy Partners

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