ElectraTherm, which has developed a relatively small machine for making electricity from waste heat, has raised $2.6 million and plans a follow-on round next year.
The Carson City, Nev.-based company's ElectraTherm Green Machine is designed to squeeze power from the heat thrown off at industrial facilities like factories, saw mills, or oil and gas operations.
The company intends to make units that range in size from 30 kilowatts to 500 kilowatts, enough to offset electricity use at an industrial facility. A 50 kilowatt unit can generate roughly what 40 U.S. homes consume.
The money from the $… Read more