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§ Private Profile · Newton, MA, USA
Developer of proprietary fuel-free GCAES technology for utility-scale compressed air energy storage and wind integration.
Founded in 2006, General Compression is a Massachusetts-based organization that develops utility-scale compressed air energy storage systems designed to enable dispatchable wind energy and large-scale renewable power integration projects. Backed by notable corporate investors like ConocoPhillips and Duke Energy, the enterprise has secured a total of $131.5 million in venture capital funding to date. This impressive financial portfolio includes a $60 million Series B financing round completed in late 2012 with participation from the US Renewables Group and Wellford Energy Group. The company utilizes a proprietary fuel-free technology to capture and store energy from intermittent renewable sources, allowing commercial utilities to dispatch reliable power to the electrical grid. Operating with a small team of five employees under key contact Eric Ingersoll, the business generates approximately $6.6 million in annual revenue through its specialized energy storage solutions.
General Compression has raised $152.4M across 4 funding rounds.
General Compression has raised $152.4M in total across 4 funding rounds.
General Compression has raised $152.4M across 4 funding rounds. Most recently, it raised $60.0M Series B in November 2012.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 20, 2012 | $60M Series B | Northwater Intellectual Property Funds | ConocoPhillips, Duke Energy, Serious Change, US Renewables Group, Wellford Energy Group | Announced |
| Jun 8, 2011 | $54.5M Series B | Northwater Capital Management | Duke Energy, Serious Change, US Renewables Group | Announced |
| Oct 25, 2010 | $20.9M Series A | — | Duke Energy, Northwater Intellectual Property Fund, US Renewables Group | Announced |
| Feb 23, 2010 | $17M Series A | US Renewables Group | Duke Energy | Announced |
General Compression has raised $152.4M in total across 4 funding rounds.
General Compression's investors include Northwater Intellectual Property Funds, ConocoPhillips, Duke Energy, Serious Change, US Renewables Group, Wellford Energy Group, Northwater Capital Management, Northwater Intellectual Property Fund.