Alternative Energy - Tuesday, November 4, 2008
Seattle Alt Energy Startup EnerG2 Raises $8.5M
EnerG2, and energy materials science, startup, has closed an $8.5M round of Series A financing led by OVP Venture Partners and Firelake Capital Management, says Xconomy.
The Seattle-based firm owns technology that is licensed from the University of Washington - its head of R&D is a UW PhD.
The company has a few applications:
+ Ultracapacitor electrode materials, a new type of battery technology.
+ Adsorbed natural gas storage for a new generation of gas applications in cars and other vehicles.
+ Photovoltaic applications for solar energy.
+ Hydrogen storage for fuel cells.
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