Tuesday, March 22, 2005

Speaking of storage...

...Flywheels continue to get traction (if you'll pardon the pun), with today's announcement by Pentadyne that they've closed their $18M Series C round.

This represents a big bet by investors Nth Power, Rustic Canyon Partners, DTE Energy Tech, Accera, and Sempra Energy. Here's wishing Pentadyne luck with their UPS (uninterruptable power supply) products and other applications; it's a promising clean technology, and they're working with some of the bigger names in the power system business. And as Lee Bailey of Rustic Canyon points out, the technology has a lot of other potential applications outside of the UPS market.


Post a Comment

<< Home

Unique visitors to dateLocations of visitors to this page