Investors Get Gas: Nexterra $3.6M

Lee, Michael
August 2008
Red Herring;8/28/2008, p3
Trade Publication
The article reports that Nexterra Energy has raised a $3.6 million fourth round of funding led by return backer ARC Financial in a move that brings the firm's investment in the maker of biomass gasification systems to $19 million. Nexterra focuses on biomass gasification and takes organic material and converts it into clean-burning synthetic gas, which is then used to generate electricity. ARC Financial president Malcolm Adams talks about the limits of biomass supply. Limitations in biomass supply can put a damper on how much energy can be converted through gasification.


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