Deals

Advanced Power Projects, for power plant efficiency, takes first funding

A new startup that promises to make new and existing power plants run more reliably and produce less greenhouse gas emissions has received an undisclosed amount of funding by Bay Partners, Sequoia Capital and Redpoint Ventures.

Advanced Power Projects has a technology called the Simplified Combined Cycle, which is capable of capturing waste heat more effectively than the arrays of turbines and cooling towers used at most plants.

The company also has a mixing method for steam and fuel that produces a smaller, cooler flame that is more stable and thus burns fuel more cleanly. The method was developed by Dr. Dah Yu Cheng, who prior to joining Advanced Power sold his solution as the “Cheng cycle”. A paper on the concept is available here.

Advanced Power is based in Fremont, Calif.