Thursday, July 14, 2016

Alphabet Energy Gets $23.5M More

Hayward, California-based Alphabet Energy, which develops products which convert waste heat to power, particularly in the oil and gas and automotive industry, has raised $23.5M in a Series C funding. The funding was led by Schlumberger, and also included GM Ventures, Osceola Capital Management, TPG, Claremont Creek Ventures and the California Clean Energy Angel Fund. Alphabet Energy's systems are currently used to convert waste heat from exhaust and elsewhere into electricity, and is being used to generate reliable remote power at oil and gas, mining, manufacturing, and other sites. The company is led by Matt Scullin. More information »