Thursday, September 15, 2011

Alphabet Energy Gets $12M

San Francisco-based Alphabet Energy, a developer of thermoelectric materials used for waste-heat recovery, said today that it has raised $12M in a Series A funding round. The round was led by TPG Biotech, and also included prior investors Claremont Creek Ventures and the CalCEF Clean Energy Angel Fund. Alphabet Energy said the funding will go towards product development, pilot projects, and a new facility in the San Francisco Bay Area. TPG's Mark Gudiksen joins the board as a director, with TPG's Geoff Duyk joining as an observer. Alphabet Energy's CEO is Matt Scullin. More information »