ReGen Power Systems Obtains $5,000,000 New Round

  • Feed Type
  • Date
    11/18/2008
  • Company Name
    ReGen Power Systems
  • Mailing Address
    113 Michael Lane New Salem, MA 01335
  • Company Description
    ReGen Power Systems, Inc., is pioneering development of industrial sized
    (250kW-2MW), low temperature Stirling engines to convert excess
    process heat and steam energy at industrial plants into electricity.

    The system will be powered by a novel Stirling engine designed to operate
    at the moderate and lower temperatures found in process heating at
    paper mills, steel mills, chemicals and petroleum refining facilities, glass
    ovens, cement plants and similar locations.

    In addition to high efficiency, the ReGen systems will produce additional
    power with no new fuel combustion. Not only will they save money, but will
    produce no new emissions, enabling companies to contribute in a positive
    way to the environment.

    ReGen power systems will be installed on site for $1,000-$2000/kW
    depending on size and application. This will allow a 2-3 year payback on
    the investment, depending on the avoided cost of electricity at the facility.

  • Website
    http://www.rgpsystems.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $5,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    21 Ventures
  • Venture Investor
    Quercus Trust

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