Pentadyne Power raises $22M for flywheel energy storage
Pentadyne Power, a Chatsworth, Calif.-based developer of flywheel energy storage systems, has just closed a $22 million financing round, led by return investors. The company didn’t disclose the identity of its backers though it has previously received support from Rustic Canyon Partners, Loudwater Investment Partners, Nth Power, Energy Innovation Portfolio and others.
It will use the proceeds to expand its operations overseas and to increase its sales of existing and new systems. Flywheel systems, an alternative… Continue Reading