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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 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.
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 |