Alternative Energy - Wednesday, March 19, 2008
Calpine Founder Readies Advanced Power Projects
Fremont-based Advanced Power Projects has raised funding from Sequoia Capital, along with Bay Partners and Redpoint Ventures. The company is led by Pete Cartwright, who is co-founder and CEO, and who had previously founded energy giant Calpine.
The big idea here is to sell power plant owners technology that gives them more power at lower cost while reducing greenhouse gases.
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