Friday, February 16, 2007

Clean Energy Systems Raises $13M

Rancho Cordova, California-based Clean Energy Systems has raised $13M in an equity investment, the firm said yesterday. The funding came from Paxton Corporation and Quadrise Canada Company. Clean Energy Systems is a provider of zero-emissions power plant technology. The firm said the Series A funding will go towards further development of its combustion technology to use emulsified fuels, expand its test facility in Bakersfield, and to manufacture its first commercial scale products. More information »