ElectraTherm Gets $2.6M

Moresco, Justin
November 2008
Red Herring;11/12/2008, p5
Trade Publication
The article reports that ElectraTherm, which builds generators that make electricity from waste and geothermal heat or pressure, announced in November 2008 that it raised $2.6 million in equity financing from private investors. The Carson City, Nevada startup also announced that it was picked by the magazine "Popular Science" for one of the best technology innovations in 2008 in the green technology category. ElectraTherm is building 50-kilowatt (kw) units in its Carson City plant, but it plans to manufacture larger, 500kw units in late 2009. It has signed distribution deals with two companies in the U.S. and one in Taiwan.


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