SustainX Scores $14.4M from GE, Others

West Lebanon, NH-based SustainX, an energy-storage startup out of Dartmouth College, said today it has received $14.4 million in financing from GE Energy Financial Services and other investors including Cadent Energy Partners, Polaris Venture Partners, and Rockport Capital. SustainX, which started in 2007, uses compressed air in above-ground vessels to store energy in an efficient way. Possible applications of the technology include storing wind and solar energy and improving the stability of the electric grid.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and Editor of Xconomy Boston. E-mail him at gthuang [at] Follow @gthuang

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