ElectraTherm, Inc., a company that makes generators that run on industrial heat waste, announced the completion of a Series A funding round for $2.6 million.
The company's says its product, the ElectraTherm Green Machine, stands alone as the first commercially viable generator to make electricity from low temperature, residual industrial heat that has, until now, gone to waste.
"ElectraTherm's disruptive technology is truly rewriting the book on clean energy production," said ElectraTherm investor Mike Acheson, Managing Director of Interlaken LLC. "Industrial waste heat is everywhere and the global market is poised to benefit from ElectraTherm's patented technology."
Key to its sales and manufacturing strategy, ElectraTherm recently entered an agreement with Taiwan-based Kaori Heat Treatment to manufacture and distribute 50kW Waste Heat Generators for the Taiwanese market. As the company accelerates domestic expansion, Eisenmann Corp. and Roughrider Power have joined Gulf Coast Green Energy as distributors of ElectraTherm products in the United States.
Using patented heat and pressure recovery technology, ElectraTherm employs its proprietary twin-screw expander to generate fuel-free, emissions-free electricity at the lowest operating costs and fastest paybacks in the industry. Texas distributor Gulf Coast Green Energy installed the first commercial 50kW ElectraTherm Green Machine this summer at Southern Methodist University in Dallas. The machine has exceeded its 50kW output rating by 20%, garnering positive reviews from SMU's world renowned Geothermal Laboratory.
